The winners and losers of the Budget

Rachel Mortimer and Harry Brennan speak to those at the sharp end of the policies

The list of winners from this Budget appears to be long. Home movers will be cheering the extension to the stamp duty holiday and first- time buyers can take advantage of new state-backed 95pc mortgages. Furloughed workers and the self- employed received new pots of money.

Employers will be able to use the furlough scheme until the end of summer, while starting to contribute to it from July. Business owners can use a new “restart grants scheme” and benefit from new state-backed “recovery loans”, and the temporary 5pc VAT rate for businesses hit hardest will be extended for another six months.

But among the giveaways are those who slipped through the cracks, such as Tom Dingley, a freelance photographer who has missed out on income support for the fourth time.

There were also many losers in this Budget. Corporation tax will be hiked, hitting some landlords who keep their properties in a company structure.

Freezes to planned rises to personal allowances will also be punitive. Income tax payers will lose out, eventually. The amount you can earn taxfree will rise in April but future increases have been canned.

Pension savers will be hit too, as the expected rise in the amount you can save into a pension pot over your lifetime is cancelled.

Here, we meet some winners and losers from Chancellor Rishi Sunak’s announcement – and others who question the logic behind some of his grand plans.