TODAY, George Osborne set out his budget. With everything from selling off bank assets to saving cash on beer, it will be a crucial part of the Government's election campaign. But how will it affect you? 

1. Treasury to sell at least a further £9 billion of Lloyds Bank shares in the coming year and launch sale of £13 billion of mortgage assets from Northern Rock and Bradford & Bingley.

2. Resources from bank sales, lower interest payments and lower welfare bills to be used to pay down the national debt.

3. Government has met its 2010 target to end this Parliament with Britain's national debt falling as a share of GDP.

4. Debt as a share of GDP falls from 80.4% in 2014/15 to 80.2% in 2015/16, then 79.8%, 77.8% and 74.8% in subsequent years before reaching 71.6% in 2019/20.

5. Squeeze on public spending to end a year earlier than planned, so that in 2019/20 spending grows in line with the growth of the economy - bringing state spending as a share of national income to the same level as in 2000.

6. Fuel duty increase which was scheduled for September cancelled.

7. Income tax personal allowance to rise to £10,800 next year and £11,000 the year after, making typical working taxpayer £900 a year better off and cutting tax for 27 million people.

8. Above inflation rise in threshold for 40p income tax rate from £42,385 this year to £43,300 by 2017/18.

9. Transferable tax allowance for married couples to rise to £1,100.

10. Law change to allow pensioners to access their annuities, with 55% tax charge abolished and tax applied at the marginal rate.

11. Annual savings limit for ISA increased to £15,240 and fully flexible ISA created. New Help to Buy ISA for first-time buyers allows Government to top-up by £50 every £200 saved for a deposit.

12. New personal savings allowance from April next year means first £1,000 of interest on savings will be tax-free.