If you find the Budget baffling, look no further. Here at KBL Accounts we’ve looked at the figures to see how Philip Hammond’s autumn announcements will affect your finances.
Smokers, car drivers and drinkers are the losers of today's Budget but first-time buyers, young rail users and graduates are among the big winners.
But will it make YOU richer or poorer?
We've crunched the numbers to work out what it will all mean for your money - and there might be more good news than you'd think.
First-time buyers
"Getting on the housing ladder is not just a dream of your parent's past, but a reality for your future," the Chancellor said as he abolished stamp duty for those buying their first home worth up to £300,000.
The move aims to help get more people on the first rung of the housing ladder and the stamp duty cut also applies to the first £300,000 of homes worth £500,000.
That's up to £5,000 less tax on your first home.
This is great news for anyone buying their first home and will make getting on the property ladder slightly more affordable.
Workers
From April, personal allowance will rise to £11,850 and the higher rate threshold to £46,350.
That works out as a £70 tax break for everyone who pays income tax, and an extra £270 for higher-rate taxpayers.
On top of this, the national living wage is going up 4.4% to £7.83 an hour from April from £7.50.
Pensioners
Luckily, Mr Hammond did not cut pension tax relief by reducing the annual pension allowance or lifetime pension allowance as feared.
Instead the Budget confirmed that the lifetime allowance for pension savings will increase as planned "rising to £1,030,000 for 2018-19”.
The stability of no change is likely to be a welcome relief.
Travel
A new railcard for people aged 26-30 is coming offering a third off for people travelling outside peak hours.
Meanwhile, electric car drivers can celebrate - Hammond said money would go to fund more charging points and into technology for better charging.
He also promised there would be no benefit in kind charge - ie extra tax - for people charging their cars at work.
Vehicle Excise Duty is set to go up by one band on more polluting diesels, while, company car tax up 1% for older diesels too.
It can be avoided by buying a cleaner, new-style diesel car.
Smokers and drinkers
The Chancellor said he plans to increase duty on high-strength, low-quality alcohol from 2019 but he is freezing duties on other ciders, wines, spirits and beer.
Smokers will be disappointed to learn that tobacco duty is set to continue to rise two per cent more than inflation with an additional one per cent duty on hand rolling tobacco.
Ex students
Student loan payments are taken from your pay cheque automatically once you earn £21,000.