Budget 2014: Summary of all the highlights
Wednesday 19 March 2014
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.
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
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- 2 Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
- 3 Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
- 4 A bottle of wine a day is not bad for you and abstaining is worse than drinking, scientist claims
- 5 Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
Michelle Obama highlights harsh restrictions faced by Saudi women after meeting King Salman without wearing a headscarf
Amal Clooney gives excellent answer to fashion question at European Court of Human Rights
Sir David Attenborough interview: The one question about life that still baffles him
Isis publicly behead man in Syrian town square for 'insulting Allah' as he screams for help
One spelling error costs Companies House up to £9 million after being sued for ruining business
'We would evict Queen from Buckingham Palace and allocate her council house,' say Greens
Greece elections: Syriza and EU on collision course after election win for left-wing party
British Muslim school children suffering a backlash of abuse following Paris attacks
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British grandmother Lindsay Sandiford faces execution by firing squad in Indonesia
Liberal Democrat minister defends comments suggesting immigration causes pub closures
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