In his pre-election Budget the Chancellor made it clear that he was not going to give away the windfalls from lower interest charges, reduced welfare costs and income from the sale of Lloyds Bank shares, but to pay down government debt.
The theme was based on the strength of the economy 'Britain has a long term economic plan that is working and needs to stick to it.'
The announcements included help for businesses and support for savers and pensioners. However, with an election in 49 days time, this will not be the last Budget we see this year.
If you have any questions about the changes and how they affect you please speak with your usual Alliotts partner or contact us.