Pitched as a "Budget that puts the next generation first", George Osborne's speech contained a number of announcements aimed at helping people save for the future.
For businesses, measures included changes to business rates and the abolition of class 2 national insurance contributions for the self-employed.
And, as we've come to expect from such occasions, there were a few surprises too....
The following report summarises the announcements made by Chancellor George Osborne during the Budget 2016 on 16th March, 2016.
Important Information: