Chancellor

MoneySavingExpert.com creator Martin Lewis gives his instant reaction on the announcements made in today's Summer Budget.

Chancellor George Osborne has today said he will scrap university maintenance grants for new English students and replace them with an enlarged maintenance loan, though according to Martin Lewis, the impact is likely to be more psychological than practical for many.

Millions get an income tax cut over the next few years as the Chancellor is to bring forward planned increases to both the personal allowance and the higher rate tax thresholds.

Parents and grandparents will be able to leave homes worth up to £850,000 to their children without them paying inheritance tax from 2017, rising to £1 million by 2020.

Tax breaks for buy-to-let landlords will be curbed, it has been announced in the Summer Budget 2015.

Peer-to-peer savers will be able to get their 'interest' tax-free from April 2016 using a new innovative finance ISA (IFI).

Chancellor George Osborne said today he will scrap the annual self-assessment tax return and replace it with a 'digital tax account' from early next year.

ISA savers will soon have the flexibility to be able to take money out of their ISAs and put it back in, without it counting towards the annual ISA allowance, Chancellor George Osborne has announced today.

The majority of people will get a small tax cut over the next few years, under changes to the personal allowance announced by Chancellor George Osborne today. Meanwhile, you'll need to earn more to pay the higher rate tax.