Universal Credit claimants and boozers were among the winners of today's Budget, while drivers and smokers lost out.

Chancellor Rishi Sunak today unveiled a series of changes to government spending in his Autumn Budget .

But while these changes are good news for some people, they are bad for others.

Here is a run-down of the biggest winners and losers when the Budget changes come in.

Winners

Drinkers

The cost of beer and sparking wine will fall, but whisky and vodka prices will rise , Sunak said in his Budget today.

The stronger a drink is, the more it will be taxed.

It means a pint of Stella Artois in a pub will fall around 3p if it costs £3.80 now.

Meanwhile a bottle of Blossom Hill rosé will cost 12p less, going from £8 to £7.88.

The reforms will come in in February 2023.

Chancellor Rishi Sunak gave with one hand - but took with the other (

Image:

Tayfun Salci/ZUMA Press Wire/REX/Shutterstock)

Universal Credit claimants - if they are in work

Universal Credit will be made more generous for around 1.9million working British families, Rishi Sunak confirmed today in a Budget U-turn.

The Chancellor confirmed a cut in the taper rate from 63p to 55p - a much more dramatic cut than the 60p rate that was expected.

The taper rate is the amount of Universal Credit that gets withdrawn for every pound a claimant earns through work.

And the work allowance - the amount some claimants can earn before the taper kicks in - will be raised by £500 a year.

The £2billionn-a-year change - which goes further than what was demanded by DWP ministers - will allow many working benefit claimants to keep 45p of every extra pound they earn, instead of 37p.

Drivers

Motorists were given a helping hand as a planned increase in fuel duty was scrapped today.

The Chancellor will hold fuel duty at 57.95p per litre for the 12th year in a row after prices at the pumps soared.

Losers

Smokers

The price of a pack of cigarettes will rise across all retailers from 6pm today, the Chancellor has confirmed.

Duty rates on cigarettes will increase by the rate of RPI inflation plus 2%.

Meanwhile, the rate on hand-rolling tobacco will increase by RPI inflation plus 6%.

Travellers

Holidaymakers will pay more for long-haul flight s thanks to a huge shake-up of Air Passenger Duty tax, the Chancellor has said.

A new ultra long-haul band covering flights of over 5,500 miles with an economy rate of £91 will come into force from April 2023.

It would affect far-flung destinations including South Africa, Australia and Japan in bad news for jetsetters, and would add around £4 per long haul flight.

But tax for domestic flights will be slashed by 50%, the Chancellor confirmed, meaning cheaper rates if you're flying within the UK.

Small businesses - and their staff

Small businesses will be forced to lay off staff under government plans to hike the minimum wage, the boss of one firm has warned.

Sunak today confirmed the national living wage will rise from £8.72 an hour to £9.50 , in a major increase.

The national living wage is the rebranded name for minimum wage, since 2016.

But small business owners say they'd love to pay their staff more - but rising wages mean employees will have to be laid off.

Savers and homeowners

Inflation is due to rise to 4%, Sunak warned earlier .

This means a cost of living squeeze for millions of families.

The Office for Budget Responsibility expects the CPI inflation rate will rise from 3.1% in September to 4% over the next year.

It means more prices rises in shops and threatens the first major hike in Bank of England base rates - and therefore mortgage rates - in more than a decade.

It is also bad news for savers, as inflation will eat away at the value of their cash pots unless they can find deals with interest rates that beat it.

Unfortunately savings rates - while rising - are all below the 3.1% level of inflation, and none are anywhere near beating 4%.

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