What the 2009 Budget means for you
Yesterday Alistair Darling delivered his 2009 budget in the middle of the worst recession that the UK has ever seen. Here's what it means for you.
- Alcohol and cigarette taxes have gone up by 2% (that's roughly 7p on a packet of cigarettes and 6p on a pint of beer).
- Fuel duty will rise by 2p a litre from September.
- From next April the child tax credit will go up by £20.
- Child trust funds will increase by £100 per year for disabled children and £200 per year for severely disabled children
- £1.7bn will be spent on helping jobseekers. People who are out of work for a long time will get extra support via the Flexible New Deal.
- It will count towards grandparent's basic state pension if they look after their grandchildren while they're at working age.
- The annual ISA limit has been increased to £10, 000 to over 50s this year and for everyone else next year.
- From next month until March 2010 you'll get £2000 discount on a new car if you trade in a car that's more then 10 years old.
- The government will increase spending on education and healthcare this year.
- The stamp duty 'holiday' for properties worth less than £175,000 has been extended until the end of the year to encourage first-time house buyers to enter the market.
What do you think of this budget? Let us know using the comment box below
Where to next?
- 10 ways to save money on your food shopping
- 10 ways to have a cheap family holiday
- Cheap things to do with the family this week
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