Those who enjoy fizzy drinks, cigarettes and wine will be hit by tax changes announced in the 2016 Budget – but taxes on cider, beer, whisky and other spirits have been frozen.
Chancellor George Osborne has announced a range of tax cuts for individuals, with the headline news being that the level at which people start to pay income tax will rise to £11,500 in April next year.
People who make extra cash by selling on eBay, renting a room out on Airbnb, or through odd jobs will benefit from two new £1,000 tax breaks from April 2017.
Millions of households and motorists will pay more after Chancellor George Osborne hiked insurance premium tax (IPT) by 0.5 of a percentage point in today's Budget.
The Money Advice Service – the official organisation created to offer consumers free advice on their finances – is to be replaced by a new "slimmed down" body under plans set out in the 2016 Budget.