Cash ER: The Budget 2014 explained by Twitter

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Please can someone explain the budget 2014 changes to us like we're five? Preferably using funny tweets (it's the only thing we understand).

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The Budget is out. We know you're excited - we can tell.

But between George Osborne carrying his little red suitcase and everyone talking about Bingo - what does it actually mean for you and your money?

After reading some serious articles on the matter from bonified financial journalists, we turned to Twitter for the everyman's explanation.

Cost of beer going down


In a bid to appeal to the average Joe - the cost of beer is dropping by 1p a pint. Duty on spirit and ordinary cider frozen (no word on fancy cider). Tobacco prices will rise 2% above inflation - just another reason to quit people.

Bingo is getting cheaper


It's been trending on Twitter now for a while - but the big news is that Bingo tax has been halved by 10%.

The government celebrated this fact with this picture...which then sparked a lot of parodies:


You will pay less tax


Don't get too excited - you will not now be sleeping on a bed of money. Personal tax allowence has been raised to £10,500, so that's an extra £500 where you don't pay 20% tax.

You can save more tax free


The budget has raised the amount you can put in an ISA (Individual Savings Account) to £15,000 - but the interest rate remains low, so you still won't get a lot of bang for your buck.

Stamp Duty will still cripple you


Stamp duty is an extra kick in the nuts when it comes to the cost of getting on the property ladder. This will stay the same.


Old people win


'Young people' were mentioned in the budget once. Osborne has doubled the number of apprenticeships and promised to help small businesses to support over '100,000 more'. Good, but the problem is there are currently more than 900,000 unemployed young people. Oh.

What about women?


What about them?

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