Our correspondents have answered your questions on the Budget - read them all on this page
On Wednesday, Jeremy Hunt announced the government's latest tax and spend plans
Changes included another 2p cut to workers' National Insurance, and an extension to child benefit
But income tax stayed the same - and Labour says Hunt gives with one hand, and takes "much more" with the other
A think tank says the government and opposition are "joining in a conspiracy of silence" about the challenges facing the UK
The IFS says, just to stop national debt rising, the government needs to raise more than it spends - which it hasn't done since 2001
Jeremy Hunt continues his morning rounds of speaking to the media.
Shortly he will be on BBC Radio 4's Today programme and you can listen above by clicking Play at the top of this page.
Chancellor Jeremy Hunt spoke to BBC Breakfast this morning - watch a clip below.
Hunt says Budget is prudent and sensible
Labour's shadow chancellor Rachel Reeves responded to yesterday's Budget on BBC Breakfast this morning.
Government gives with one hand, takes more with another - Rachel Reeves
Image source, ReutersWhile we were listening to Jeremy Hunt on Breakfast, the shadow chancellor Rachel Reeves made a second appearance on the BBC, speaking to our colleagues on the Today programme.
Hunt has hinted would like to go further on National Insurance and scrap it entirely – one day.
"That is a bigger unfunded commitment to tax cuts than even Liz Truss and Kwasi Kwarteng tried," Reeves said.
When asked whether Labour would support the move, she said Labour would never introduce a policy that is not fully funded.
Everything in the Labour manifesto will be fully funded, she says, "you can be absolutely confident of that".
Jeremy Hunt will also be making an appearance on Radio 4 shortly, so stick with us as we bring you that.
Image source, .We have just heard Conservative Chancellor Jeremy Hunt and Labour's Rachel Reeves offer conflicting interpretations on who is better off after yesterday's Budget.
That's because that, although National Insurance has fallen again, income tax thresholds remain unchanged. That means, as people's pay goes up, more people will pay higher rates of income tax.
Overall, whether you win or lose depends on income - as the chart above shows.
In the upcoming financial year an average earner would enjoy a tax cut of about £340, and people earning between £26,000 and £60,000 will be better off, the Institute for Fiscal Studies says.
However by 2027 the average earner would be only £140 better off, and only people earning between £32,000 and £55,000 a year would be better off overall.
Looking forward, Hunt is asked about an income tax pledge by Rishi Sunak in 2022, to bring it down by 2024.
"Does that commitment still stand?" BBC Breakfast presenter Charlie Stayt asks.
"That commitment was made in 2022, a lot of things have changed since then," Hunt says.
For people in work he has cut tax for people in work by 4% arguing Sunak "has gone further", Hunt argues adding "it is good for the economy".
How can it be fair for families earning £15,000 a year to be paying an extra £400 per year under this budget, the chancellor is asked.
"Hang on, you're taking one figure in isolation," Hunt responds.
He says "we've done a lot". Last year, Hunt says he increased benefits for low income people, increased local housing allowance, and yesterday extended the Household Support Fund.
"The decisions I have taken have actually prioritised support for people on the lowest income," he says.
More from Hunt who is pressed on his economic plan in years to come. He's pressed on whether the tax burden will still be higher by 2028.
He says next year someone on an average wage will see taxes go down by £900 as a result of the National Insurance cuts announces yesterday and in the Autumn Statement.
Hunt says he is not pretending he can bring taxes all the way down to pay for the debt accrued in the Covid pandemic.
"I'd like to go further," he says.
Hunt is speaking to the Breakfast programme from an AstraZeneca vaccine facility in Liverpool, which has received a £650 million investment.
He says these kinds of investments will grow the economy.
Hunt adds that its time to start bringing taxes down after the pandemic, which affected the tax burden.
The chancellor is in Speke, Liverpool, and is first asked about whether he thinks his Budget will make his party more popular
Jeremy Hunt says people "don't want gimmicks" adding voters back the Tories because they make sensible decisions on the economy.
"I showed how we are growing the economy," he says.
As we have been covering this morning, cuts to National Insurance paid by workers was just one of the announcements made by the chancellor in his Budget.
It is likely to be the last full Budget before the general election and Jeremy Hunt said the plans would help revive the economy.
The chancellor is now facing questions on BBC Breakfast - you can watch by clicking Play at the top of this page.
"We need a plan for growth," Rachel Reeves says.
She says there are 700,000 people due to be on sickness benefits, at a "huge cost" to the economy due to the cost of benefits and loss of what they could be contributing.
She says Labour's plan to address this is to get NHS waiting lists down, introduce more targeted support, reform the apprenticeship levy to give young people skills, invest alongside business in industries like carbon capture, giga factories for electric vehicles and offshore wind.
Reeves says that despite the tax cuts yesterday, families are going to be paying some £870 more. Despite National Insurance being cut again yesterday, income tax rates - and thresholds - were unchanged.
We'll have more analysis on those figures soon.
More from Reeves who claims the government have given with one hand and taken "much more" with the other.
Pushed on what Labour would have done, Reeves talks about planning reform "to get Britain building again".
She says she "is in favour of lower taxes for working people" and adds the National Insurance was "belatedly cut".
Reeves says she is not going to make commitments without saying where the money is going to come from as she points to what Liz Truss and Kwasi Kwarteng did in their so-called mini budget in September 2022.
Labour's shadow chancellor is first asked about what her party would have done differently
Speaking from the City of London, Rachel Reeves says "we need a real plan to revive growth in the UK" and a "lift living standards".
She says people will end up worse off.
Labour saw their plans to give more money to the NHS through a new tax on so-called "non-doms" dashed in yesterday's Budget.
Jeremy Hunt announced the government will be spending that cash on the 2% cut to National Insurance.
So, what are Labour's plans now?
We are now hearing from shadow chancellor Rachel Reeves on BBC Breakfast and you can watch what she has to say by clicking Play at the top of this page.
Image source, .Chancellor Jeremy Hunt appears on almost all the front pages this Thursday morning.
The Daily Telegraph singles out Hunt's remarks that he would like to abolish National Insurance for workers altogether.
The Daily Mirror is unimpressed, describing the Budget as "full of gimmicks" and declaring that "we deserve better".
The Times welcomes the tax cuts. It says Mr Hunt made a bold choice to reward work "rather than offer yet more bungs to pensioners", many of whom are natural Conservative voters.
The Daily Express says Hunt is "turbocharging the economy, by putting more cash in people's pockets".
The Guardian says that, despite the giveaway, taxes are set to rise to their highest level since 1948.
The Liberal Democrats will back cuts to National Insurance, "because at least it's something for people", leader Ed Davey says.
Speaking to BBC Breakfast this morning, Davey described the Budget as "bottom of the barrel", that "won't touch the sides for struggling families".
He said five million people were due to come off fixed mortgage rates, and the increase in repayments will be far higher than the tax cut announced in the budget.
When pressed on how the Lib Dems would bring mortgage rates down, he said "you've got to run a serious economic policy", and spoke about his party's policy to tax banks to fund the NHS and get people on waiting lists back into work sooner.
Andy Verity
BBC Economics correspondent
Image source, Getty ImagesCuts to personal taxes this year in yesterday’s Budget will mean a net tax cut of £9bn is taking effect in election year, a think tank has said.
But the Resolution Foundation says that’s dwarfed by an estimated £27bn of tax rises that came into effect last year - and a further £19bn coming in after the election.
The think tank - which focuses on households with low-to-middle incomes - calculates that four-fifths of employees will pay less tax in the coming year, with an average gain of £450.
But taxpayers earning £19,000 or less will be worse off because, as more of their pay is dragged above the frozen tax-free allowance of £12,570, they’ll lose more than they’ll gain from rate cuts.
Looking over the longer term, it says the average wage after taking account of inflation will take until 2026 to get back to its 2008 level – nearly two decades of lost pay growth.
Let's get the take on the Budget from Paul Johnson, director of the think tank the Institute for Fiscal Studies (IFS).
Johnson tells BBC Breakfast the cut in National Insurance "really is quite big" and will benefit people on salaries between £35,000 and £50,000.
But, he points out the cut comes "on top of tax increases in the last few years".
"Come this autumn when we come to the election, people will be a lot worse off than they were at the last election," Johnson says - adding that is quite rare for a parliamentary term.
He also adds the National Insurance cut doesn't affect pensioners at all.
Dharshini David
Chief economics correspondent
Image source, EPAThe chancellor's famous red box actually contained a relatively modest amount of treats - leaving some to speculate we may see another such event before voters go to the polls.
My main takeaway from Wednesday's Budget is that many are still going to see their tax bills rise.
Underpinning all the chancellor's choices on tax and spending is the level of public debt, built up over time, relative to the size of the economy.
To meet the rules Hunt sets himself, this has to be falling in five years' time. According to his independent forecasters' best stab - it is - but so slightly you can barely see it and with a tiny margin, less than £9bn, to spare.
He's chosen to spare some cash for those widely trailed tax cuts - at a cost of £13bn by 2029. But despite that long, detailed speech, £11bn will be going on that National Insurance cut - a tax giveaway that will be a relief to many workers.