Gordon Brown is the chancellor who loves detail, not sweeping changes. Rare are the Budgets where he opts for dramatic changes, like adding 1p to National Insurance.
Instead he prefers to fine tune the tax system - although that makes it a challenge to understand how the Budget will affect individual households.
In the table below we attempt to break down the impact of Budget 2006 on typical families and income groups - although it cannot measure the effect of "sin taxes" on cigarettes and beer, and the green taxes on heavily polluting vehicles.
|BUDGET IMPACT BREAKDOWN
|Single no children
|Single 1 child
|Single 2 children
|Couple both working, 1 child
|Couple both working, 2 children
|Couple 1 working no children
|Couple 1 working 1 child
|Couple 1 working 2 children
|Married couple 75 and over
|Couple both working no children
|£x better off a year £x worse off a year
|The tax calculations have been provided by KPMG LLP (UK). They summarise the Budget proposals and other tax changes, which may be amended significantly before enactment. The table is intended to provide a general guide to the subject matter and should not be regarded as a basis for ascertaining liability to tax or determining investment strategy in specific circumstances. Although KPMG endeavours to provide accurate and timely information, there can be no guarantee that such information is accurate as of the date it is received or that it will continue to be accurate in the future. No one should act upon such information without appropriate professional advice after a thorough examination of the particular situation.
BBC NEWS: VIDEO AND AUDIO
Watch Gordon Brown deliver his 10th budget
RELATED INTERNET LINKS:
The BBC is not responsible for the content of external internet sites