George Osborne has delivered what's he's described as a Budget for people who want to "work hard and get on".
He's offered a handful of popular measures including plans to build more affordable homes, scrap the rise in fuel duty and cut the tax on beer.
The income tax threshold is also going to be raised next year - meaning no one will pay any tax on the first ten thousand pounds they earn.
But he's also had to admit that the forecast for economic growth this year has been downgraded to just 0.6%.
The Chancellor's offered help to businesses with a further 1% in corporation tax to 20% in 2015.
To save money, he's cut government department budgets by 1% for the next two years, and public sector pay rises are limited to 1% for a further year.
However, the UK stays committed to International Development, ringfencing spending at 0.7% of national income.
The Chancellor promised his Budget will make Britain, he said: "If you want to own your own home, if you want help with your child care bills, if you want to start your own business or give someone a job, if you want to save for your retirement and leave your home to your children if you want to work hard and get on; we are on your side."
Arwyn Bailey from the Association of Christian Financial Advisors told Premier's Marcus Jones during the News Hour that the budget's raises more questions than answers:
Premier's Political Editor Martyn Eden was in the House of Commons listening to the Chancellor.
He's been giving his reaction to Marcus Jones on the News Hour.
The social action arm of the Catholic Church in England and Wales has warned that today's Budget Statement does nothing to stop the squeeze on poor families.
CSAN's Chief Executive Helen O'Brien said: "Whilst moves on Personal Tax Allowance and childcare support will provide welcome assistance for some people, nothing that the Chancellor announced today comes anywhere near to mitigating the unprecedented financial pressure that the poorest families in our society are currently facing.
"Only last night the government defeated attempts to protect child-related benefits from significant real-term cuts that will force 200,000 more children into absolute poverty.
"Next month hundreds of thousands of families will be hit by Under-occupancy Penalties, deep cuts to Council Tax support and the abolition of the Discretionary Social Fund, further escalating the UK's poverty crisis."
Responding to the Budget, Christian Aid Director Loretta Minghella said: "Today, a 40 year-old promise to the world's poorest was finally delivered.
"We congratulate the Government for ensuring that - even in challenging economic times - this country has done the right thing by the hundreds of millions of women and men around the world living in poverty.
'However, with this Budget, the Government has missed an opportunity to use tax reform to help reduce developing countries' reliance on aid.
"The Treasury could have helped poor countries collect more of the tax they are owed, by requiring multinationals to reveal the tax avoidance schemes they are using in the developing world.
Catholic charity Progressio said it's delighted the Government has recognised the money it spends on aid makes an invaluable contribution to millions of people every day in poor countries around the world.
Its Chief Executive Mark Lister said: "The inclusion of this target in the Budget shows true global leadership in prioritising those in extreme poverty, even in austere times.
"It is also a clear acknowledgement of the incredible work done by so many British NGOs to alleviate poverty and bring about justice for the world's most poor and marginalised people."
In a separate development, just before the Chancellor stood up to deliver his Budget, London's Evening Standard appeared to publish details of what was in it.
The paper's front page appeared on Twitter prompting its political editor to tweet an immediate apology.
The image clearly reveals details about changes to duty and tax.
The Standard's editor says she's devastated an embargo has been broken and the person who tweeted has been suspended.
Treasury sources are playing down the Evening Standard front page containing details of the Budget. But they say the government will be "looking at what happened".
Earlier, George Osborne tweeted for the first time saying the Budget will help "those who want to work hard and get on". Paul Morrison is Policy Adviser for the Methodist Church in Britain. He called for the Budget to put right previous unjust rhetoric about people in poverty: He said: "He has the opportunity to acknowledge the real hardship of the 13 million people in poverty in the UK. "Only when the truth is recognised can just and fair policies be made."
Meanwhile, the Government's being accused of discriminating against stay-at-home parents. Yesterday the coalition announced that working parents earning up to £150,000 each will get up to £1,200 to help with child care.
Christian charity CARE says it's astounded by the plans calling the proposals unfair. These Premier listeners have been giving their thoughts.
Labour's Shadow chancellor Ed Balls says this Budget shows the government's economic plan is not working. He says Mr Osborne should have announced that he wasn't going ahead with the top-rate tax cut.
Labour leader Ed Miliband described the Budget as "more of the same" from the Chancellor.