Budget 2015: What you need to know

Chancellor George Osborne delivered the 2015 budget today, his last ahead of the general election, and in the process unveiled a raft of new measures that could affect both the money in your pocket and your savings in the bank.

They included an increase in personal tax allowance, changes to tax paid on savings income, reforms to ISAs, incentives for first time buyers, a revamp of tax returns and changes to duty on booze.

Luckily Personal Finance Editor Simon Read was on hand to put all of that into plain English and explain what it means for you.