The Budget: How the North East is affected
Chancellor George Osborne will set out £4 billion of spending cuts.
Chancellor George Osborne will set out £4 billion of spending cuts.
The tax-free personal allowance is being raised to £11,500 with the Chancellor declaring 31 million people will be paying less tax.
1.3 million of the lowest paid taken out of tax altogether
Duty on beer, cider and petrol will be frozen, there'll be a 'sugar tax' on sugary drinks and more money for improving Northern schools.
Ahead of the 2016 Budget, ITV News spoke to people who may be directly affected by changes made in the Chancellor's eighth statement.
In among the hours of debate ahead over the Budget, some words will crop up more often than others. Here's our guide to the key terms.