The Budget saw incoming changes to many areas of finance Court/Getty Images

It’s the day after Rachel Reeves’ crunch Budget, and while the Office of Budget Responsibility leak may be the main talking point, after months of speculation we finally know how personal finances will be impacted.

As expected, Reeves extended income tax freezes and introduced a range of smaller taxes, in moves that are expected to raise £26bn in extra government revenue by the end of this parliament, which she used to increase welfare spending, by lifting child benefit payments, as well as to increase her fiscal buffer.

The consequences and outcomes of the decisions from the Treasury will become clearer over the next few weeks, but for now here’s how the Budget will affect investments and personal finances.

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