A new compulsory National Living Wage for working people aged 25 and over of £7.20 an hour will be introduced from April 2016.
George Osborne said this would be increased to £9 an hour by 2020.
ITV News Deputy Political Editor Chris Ship tweeted it would have been due to rise above £8 in the next five in any case so only really equates to an extra £1 an hour.
Remember: on its current trajectory the National Minimum Wage was due to rise to above £8 per hour by 2020 in any case
And Labour leadership hopeful Liz Kendall tweeted the actual living wage was higher at £7.85.
Since the Budget, a cascade of analysis has crashed across our screens and squirted ink over our newspapers - much of it missing the point.
This afternoon, the Institute for Fiscal Studies presented a damning analysis of George Osborne's Budget. Here we explain the key points.
The Chancellor's "Living Wage" is considerably lower than the rate the Living Wage Foundation campaigns for but this is still a bold move.