Anyone with income below £10,000 will not pay income tax from next April.

2.7 million extra will not be paying income tax and 24.5 million will be paying £700 less tax than under Labour.

The higher tax rate at 45% is still more than was applied during most of the term of office of the last Labour government

The budget includes a boost for house buyers and is better news for house builders.

A summary of today’s budget changes can be found be clicking here.