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  • So Richie, see Next delivered his first budget statement to the House of Commons.

  • Here's the winners and losers, and how will affect your wallet in the coming years.

  • From April, there'll be an increase in the national insurance allowances.

  • That means you'll be a £9005 a year tax free.

  • That should say the average person £104 a year in tax, according to the government figures.

  • Elsewhere, there was good news for low earners as well.

  • The national living wage is increasing, and the government hopes to get it to £10.50 2024.

  • That's arise from his current level of £8.21.

  • Much derided tampon tax is gonna be abolished from next January.

  • Before then, there's good news for drivers.

  • There's a planned increase.

  • The fuel duty has been scrapped.

  • It is also good news for people who drink in pubs.

  • There's beer, wine decided and spirit jeez have also been frozen.

  • The government said this was to help battle through the Corona virus epidemic, which is seeing fewer people go to their local boozer.

  • Hi owners have received a pensions boost as the annual allowances have been increased.

  • It also is good news for young savers is the annual ice for allowance has been increased to £9000 a year.

  • As with every budget, they're awesome loses big ones were overseas property buyers.

  • That means people who are buying from abroad in the UK from next year they'll be faced with a higher rates stamp duty on all the purchases on British property.

  • There was also a little for first time buyers that year.

  • There was no further reliefs are schemes announced for them In this budget, Entrepreneurs relief will also become but the lifetime limit falling from £10 million to £1 million.

So Richie, see Next delivered his first budget statement to the House of Commons.

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