Name: Budget 2020: The winners and losers of Rishi Sunak's coronavirus budget
Uploaded: 2020-03-16T02:30:03.000Z
Duration: 1 min 14 s
Description: Thousands of YouTube videos with English-Chinese subtitles! Now you can learn to understand native speakers, expand your vocabulary, and improve your pronunciation...

So Richie, see Next delivered his first budget statement to the House of Commons.

Here's the winners and losers, and how will affect your wallet in the coming years.

From April, there'll be an increase in the national insurance allowances.

That means you'll be a £9005 a year tax free.

That should say the average person £104 a year in tax, according to the government figures.

Elsewhere, there was good news for low earners as well.

The national living wage is increasing, and the government hopes to get it to £10.50 2024.

That's arise from his current level of £8.21.

Much derided tampon tax is gonna be abolished from next January.

Before then, there's good news for drivers.

It is also good news for people who drink in pubs.

There's beer, wine decided and spirit jeez have also been frozen.

The government said this was to help battle through the Corona virus epidemic, which is seeing fewer people go to their local boozer.

Hi owners have received a pensions boost as the annual allowances have been increased.

It also is good news for young savers is the annual ice for allowance has been increased to £9000 a year.

As with every budget, they're awesome loses big ones were overseas property buyers.

That means people who are buying from abroad in the UK from next year they'll be faced with a higher rates stamp duty on all the purchases on British property.

There was also a little for first time buyers that year.

 There was no further reliefs are schemes announced for them In this budget, Entrepreneurs relief will also become but the lifetime limit falling from £10 million to £1 million. 