: Waiting for next track...

: Waiting for next track...

How Will The Budget Affect Your Family?

How Will The Budget Affect Your Family?

Published at 3:57pm 8th March 2017.

The Chancellor of the Exchequer, Philip Hammond, stood up in front of the House of Commons - and TV cameras - to deliver the Spring 2017 Budget earlier this morning.

There were conflicting reports prior to the event as to what we could expect from the budget - would we see rises on the usual suspects like alcohol, cigarettes, fuel and the roads? Would businesses get any help? Will funding for schools and social care be increased?

Really though, what we need to know is how it's going to affect family finances, as many still find themselves feeling the pinch after years of struggling.

Thankfully, Stray FM enlisted the help of local accountants from Peter Howard & Co in Wetherby to decipher the budget and give you a clear idea of what you might be paying more - or less - for.

Here, in three minutes, is everything you need to know:

You can read all the key points from Philip Hammond's first Budget (and the final one to take place in the Spring) here.