Chancellor

Many people earning over £10 million a year pay less than 10% in tax, the Treasury has revealed.

Almost nine out of 10 charity bosses fear big donations from wealthy backers will be hit by Chancellor George Osborne's cap on tax relief for charitable donations, according to a survey.

Families with children stand to lose £511 a year on average under tax and benefit changes coming into force from tomorrow, an analysis by a think-tank shows.

Higher rates of the air passenger duty (APD) airport departure tax take effect this week, meaning passengers will pay around 8% more for travel.

The price of petrol has broken through the 140p a litre barrier for the first time.

Low and middle income earners received a boost today as Chancellor George Osborne revealed the personal tax allowance will rise for the under 65s, but pensioners will lose out.

Benefit recipients could lose a combined £10 billion by 2016, the Chancellor announced in today's Budget.

Chancellor George Osborne has partly reversed a planned cut in child benefit, meaning more families will be entitled to help than was originally proposed, though anomalies still exist.

Anyone who earns over £150,000 a year will pay less tax from next year, Chancellor George Osborne has announced.

Pensioners received a £3.3 billion blow in today's Budget as they found out they will eventually lose the higher personal allowance they enjoy in comparison to the rest of the population. This has been dubbed the new 'Granny Tax'.