BUDGET AT A GLANCE

TAX RISES

2.5million selfemployed will lose £240 a year on average as their National Insurance goes up from 9 to 10 per cent.

Over 1million savers with shares will lose £320 a year thanks to a reduction in the tax-free allowance on dividends.

Another 1.4million freelance workers will be hit by a reduction in the dividend allowance from £5,000 to £2,000.

Mobile phone calls made from outside the EU will be subject to VAT at 20 per cent for the first time.

Motor insurance premiums will rise by 10 per cent – costing drivers an extra £50 on average - thanks to a controversial change to compensation payouts.

ECONOMY

Office for Budget Responsibility revises 2017 growth forecast up from 1.4 per cent to 2 per cent.

However, inflation will hit 2.4 per cent later this year, the OBR says.

Tax receipts will hit 34.4 per cent of GDP – the highest proportion since 1969-70.

HELP FOR BUSINESS AND SOCIAL CARE

£435million help for struggling firms that have been hit by business rates hikes, including a discount for all but the largest pubs.

Small businesses will get longer to prepare for quarterly tax returns.

An extra £2billion on social care over three years to help English and Welsh town halls take some pressure off the NHS.

Review of longterm options for social care – but ‘death tax’ ruled out.

£100million to place more GPs in hardpressed A&E units next winter.

EXTRAS

More money for free schools and new T-Levels to give parity of status for technical education.

Crackdown on misleading small print in terms and conditions.

Levy on sugary drinks will raise less than thought.

A minimum excise duty on cigarettes will see cheapest packets cost £8.82

An extra £20million for domestic violence charities.

Millions to help tackle transport pinch points.