Chancellor Alistair Darling has delivered his third Budget to Parliament.
On Thursday 25 March BBC Radio 4's Money Box and You and Yours programme teams joined together to answer your questions about what the Budget will mean for your finances.
The Budget came against the backdrop of a huge public deficit - expected to peak at £167bn this year. However this is £11bn less than first forecast.
Eye catching measures included: axing stamp duty on house sales under £250,000 for first time buyers - to be paid for by a rise in duty on homes over £1m; a right to open a basic bank account; a tax hike on strong cider and alcopops; a doubling of relief on capital gains tax for entrepreneurs; and winter fuel allowance rates extended for further year.
We've already had details of a raft of tax rises in last November's pre-Budget report to come in from next month.
Vincent Duggleby, Paul Lewis, Winifred Robinson and their panel of experts answered your questions.
- Mike Warburton, senior tax partner, Grant Thornton
- Eddy Graham, benefits advisor, Child Poverty Action Group
- Christine Ross, head of financial planning, SG Hambros Bank