At 12.30pm on Wednesday 23rd March, 2011, Chancellor George Osborne announced The Budget 2011.

Here's a great 3 minute guide by money.co.uk of the key announcements that are likely to have the biggest impact on your household finances.

See the increase in personal tax allowances and state pensions. Find out how much alcohol and tobacco have gone up and what has been done to keep fuel costs down at the pumps.

Read - The Budget 2011: 3 Minute Guide