Chancellor Jeremy Hunt announced a pre-election budget featuring a 2p reduction in national insurance for employees and self-employed individuals.

The budget promises an average savings of £450 a year for workers via tax cuts and benefits.

Drinkers and drivers gain from the freeze in alcohol and fuel duty.

Savers, small businesses, working parents, and child benefit recipients are positioned as winners in the new budget.

Non-doms will lose their special tax status, introducing a more equitable tax landscape.

New taxes on vapers and smokers, and higher air passenger duty for business class travelers are part of revenue-raising measures.

Pensioners and those with unearned income are excluded from the national insurance cut.