Families facing cost-of-living pressures are being offered some help, or "breathing space" as Chancellor John Healey is calling it.
The help comes as the cost of living - is rising with energy bills in particular expected to increase by almost £300 in January.
Here's how the key announcements in the Budget affect you and your money.
The chancellor has effectively revived cost-of-living payments, by announcing a £100 automatic payment made directly into bank accounts.
He said that 20 million homes in council tax bands A to D in England will receive a £100 "Household Energy Payment", funded by extra tax on banks.
You can find your council tax band by looking on your annual bill, or by looking on the government's website - although that was struggling to cope with traffic after the announcement.
Administrations in Scotland, Wales and Northern Ireland will receive the equivalent funding, and they will decide whether to introduce the same payment.
This is designed to help with soaring energy bills. Tariffs linked to regulator Ofgem's price cap, are forecast to soar by hundreds of pounds a year, to an annual bill of £2,000 or more in January.
The VAT cut on electricity bills, which was introduced in October, will also be extended to July. It was due to end in April.
Gas standing charges will be scrapped in England, Scotland and Wales, during 2027 "or as soon as possible after", the chancellor said.
These fixed daily fees will be shifted onto the price of each unit of energy.
The Treasury calculates that 60% of households will gain an average of £45 a year, with lower users gaining the most - but not until after the projected big rise in bills in January.
Higher users - in the biggest houses but also large, low-income families - will pay more than they currently do.
The government wants to extend reforms to electricity standing charges later.
The 5p "temporary" cut in fuel duty on petrol and diesel, introduced by Rishi Sunak in 2022, will be extended to July. It was scheduled to be phased out from January.
It means drivers will still pay the levy at 52p per litre.
Motor fuel prices have risen sharply owing to the continued impact of the Iran war on drivers, with diesel having recently hit new records when it moved above £2 per litre.
The cost of filling a typical family car with diesel has gone up by around £30 since late February. A tankful of petrol costs about £23 more.
The chancellor has scrapped his predecessor's plans to reduce the annual amount people can save tax-free in cash in Individual Savings Accounts (Isas).
Rachel Reeves had wanted the policy to encourage personal investment in stocks and shares.
It meant, from April 2027, if you're under 65, you would only be able to save £12,000 a year in cash in an Isa, rather than £20,000.
But that plan has now been ditched.
Instead, the government plans to create a new "Starter Isa" for first-time investors.
Minimum wage rates will rise by 3.9% in April.
However, these figures mean, this time around, there's no progress on Labour's manifesto promise to narrow the gap in minimum wages between older and younger workers.
For all workers, the ongoing freeze in the income bands, or thresholds, at which income tax is paid went unmentioned in the Budget.
But it means any kind of pay rise could drag you into a higher tax bracket, or see a greater proportion of your income taxed than would otherwise be expected. Scotland has its own income tax bands.
The triple lock policy means that the state pension will go up in line with average wage increases, at 3.9%.
The government had already committed to not taxing people who only get an income from the state pension.
The chancellor said this would be the case until at least 2030, as there will be a new Pension Tax Allowance, so pensioners with an income up to the value of the full new state pension will not pay income tax.
The First Time Buyer Isa has been in the planning stages with the government for a while.
Healey has confirmed that it is intended to replace the often-criticised Lifetime Isa.
Separately, he confirmed the Your First Home equity scheme to allow first-time buyers in England to buy a new-build home with a deposit of 2.5%. It would provide them with a loan worth 20% of their property's value to help pay for the purchase.
Some announcements affecting your finances have previously been made by the government.
