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Last Updated: Wednesday March 23 2011 15:12 GMT

The government announces the 2011 Budget

Chancellor of the Exchequer George Osborne

The British government has announced how it's planning to get the money needed to run the country.

The Chancellor of the Exchequer, who is the politician in charge of all the money, makes the decision every year - it's called the Budget.

This year, Chancellor George Osborne says he's going to increase the price of cigarettes and alcohol, but cut the price of petrol.

He's also going to get £2 billion extra taxes from oil companies.