George Osborne's Budget has been dismissed as one for Millionaires by labour leader Ed Miliband.

The Chancellor's slashing the top rate of tax from 50 pence to 45 next year, when the tax free allowance will also increase to just over nine thousand pounds.

Smokers and motorists will feel it though - a packet of cigarettes is going up by 37 p from six o'clock tonight - and August's fuel duty rise is going ahead.