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
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