Budget 2014: Summary of all the highlights

 

Budget Day began with the announcement of a new, 'edgier' £1 coin.

But for families, pensioners and businesses across the country, the devil of George Osborne's changes today was, inevitably, in the detail.

The headline news was a boost for savers and pensioners.

Cash and shares Isas will be combined into a single new Isa with annual tax-free savings limit of 315,000 from 1 July. The 10p tax rate for savers was also scrapped.

For pensioners, all tax restrictions on access to pension pots was removed meaning pensioners do not have to buy an annuity. The tax on money taken out of a pot will be lowered to 20% from 55%.

And as for energy bills, booze and cigarettes, beer duty was cut by 1p, there was a duty freeze on cider and the planned September fuel duty rise has been cancelled.

Tobacco duty, however, will rise by 2% above inflation.

But as for the announcements that might fly under the radar, below is a summary of all the little titbits from the Budget – and how they are likely to affect you.

Read more:
Budget 2014: At a glance
A speech for savers, pensioners, drinkers – and floating Tory voters
what a progressive budget could have been
Good news for savers and pensioners – if they're rich enough
Miliband sees a ‘classic Tory con’ that helps only the elite
Pensions and savings: Osborne unveils radical reform
What does it mean for savers and pensioners?
Comment: the changes to pensions are revolutionary
A booming economy? Not in Britain’s capital of joblessness
Another George Osborne is less than impressed
Six Britons on whether they'll be better or worse off
Shapps brings the house down with bingo and beer tweet
The 'precarious' nature of an independent Scotland’s finances
£1 coin: New coin will be 12-sided version
£1 coin: Vending machines and phone boxes to be hit
housebuilding: Garden cities at heart of 200,000 new homes
The Deficit: Osborne warns of long-haul to close gap
Multimillion-pound cash injection for British science
Air Passenger Duty: Reforms welcomes by airlines
Gambling: controversy over fixed-odds betting terminals
Stamp duty: Clampdown hits the wealthy
Theatre: Tax relief for regional productions
Business: Taxes on investment to be cut
CBI applauds boost to growth as tax breaks encourage investment
High street given £750m injection through rate relief
Battering for bookies  but a win for bingo halls
Energy bills: Manufacturers and households to get £7bn help
Pensions shake-up sees life insurers' shares dive
Exports: Help doubled to £3bn
Tax avoidance: pay the outstanding now, appeal later
Reality is that Osborne still needs us to spend cash, not save it
A good day to bury bad news
What George Osborne said... and what he meant
Who wins and who loses?
Comment: The Chancellor's mind is on politics as well as economics
Comment: To raise living standards we must increase productivity
Comment: There were still a couple of devious moves
Comment: Sharing proceeds of growth with businesses
Comment: A sign of recovery? Most people don't feel it
Sketch: It wasn’t music hall but the audience was entertained
News
A Brazilian wandering spider
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World's most lethal spider found under a bunch of bananas

News
people
Arts and Entertainment
Tim Wonnacott dancing the pasadoble
TVStrictly Come Dancing The Result
Sport
Mario Balotelli pictured in the win over QPR
footballInternet reacts to miss shocker for Liverpool striker
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Voices
Sol Campbell near his home in Chelsea
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<p>Jonathan Ross</p>
<p>Jonathan Ross (or Wossy, as he’s affectionately known) has been on television and radio for an extraordinarily long time, working on a seat in the pantheon of British presenters. Hosting Friday Night with Jonathan Ross for nine years, Ross has been in everything from the video game Fable to Phineas and Ferb. So it’s probably not so surprising that Ross studied at Southampton College of Art (since rebranded Southampton Solent), a university known nowadays for its media production courses.</p>
<p>However, after leaving Solent, Ross studied History at the School of Slavonic and East European Studies, now part of the UCL, a move that was somewhat out of keeping with the rest of his career. Ross was made a fellow of the school in 2006 in recognition of his services to broadcasting.</p>
TV

Rumours that the star wants to move on to pastures new

News
Kimi the fox cub
newsBurberry under fire from animal rights group - and their star, Kimi
Arts and Entertainment
filmsIt's nearly a wrap on Star Wars: Episode 7, producer reveals
Life and Style
fashion
Arts and Entertainment
Russell Brand labelled 'left-wing commie scum' by Fox News
TV
News
Paul Nuttall, left, is seen as one of Ukip's key weapons in selling the party to the North of England
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Arts and Entertainment
BBC's Antiques Roadshow uncovers a TIE fighter pilot helmet from the 1977 Star Wars film, valuing it at £50,000
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TV presenter Fiona Bruce seemed a bit startled by the find during the filming of Antiques Roadshow

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people

Comedian says he 'never laughed as hard as I have writing with Rik'

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