Chancellor Rishi Sunak has been under pressure to help ease the cost of living crisis that is squeezing millions of Brits.
Energy bills are rising and inflation has surged to 6.2%, with predictions that it will keep going up.
It means we're all feeling the pinch and paying more for everyday goods.
So after the Chancellor delivered his Spring Statement today in the House of Commons, we're looking at whether his announcements will help you battle soaring costs.
The changes confirmed by Mr Sunak are good news for some people, but there are questions over how much they will offset the cost of living crisis in reality.
Here is a run-down of who the Spring Statement benefits - and who it doesn't.
Drivers and businesses that rely on cars
There was good news for drivers, as the Chancellor confirmed he will cut fuel duty by 5p-a-litre - but experts say this will only save Brits just £3 on the cost of filling up a family car.
The fuel duty rate will be reduced from 57.95p per litre to 52.95p from 6pm this evening until March next year.
Fuel duty is included in the price drivers pay at the pumps, with VAT at 20% charged on top of the total price.
Drivers will only notice the difference once retailers have bought new fuel in at the lower rate, and only if petrol stations don’t decide to absorb some or all of the duty cut themselves by not lowering prices.
Are today's announcements enough to support struggling families? Let us know: mirror.money.saving@mirror.co.uk
While the cut in fuel duty will be welcomed by drivers, the RAC has called on further action to help ease record petrol prices.
RAC head of policy Nicholas Lyes said: "Temporarily reducing VAT would have been a more progressive way of helping drivers.
“The tax is applied at the point the fuel is sold, removing any possibility of retailers taking some of the tax cut themselves to increase their profits.”
Low income workers
The Chancellor today confirmed he is raising the threshold for when people start paying National Insurance by £3,000 this year.
The new level will be £12,570, coming into effect from July 6, and comes on top of a 1.25 percentage point hike in National Insurance from April.
Analysis from Hargreaves Lansdown suggests 70% of people pay less National Insurance as a result of the announcement today, despite the hike in the rate.
However, this doesn't take into account rising inflation, which effectively wipes out any tax benefit as we're paying more for everyday items.
Those earning more than £35,000 will still end up paying more tax due to the National Insurance hike.
Sarah Coles, senior personal finance analyst at Hargreaves Lansdown, said: "The National Insurance threshold rise benefits average earners, who are better off despite the 1.25 percentage point rise.
"Our calculations show that someone earning £14,500 a year will be £336 a year better off than they are right now."
The National Insurance threshold had previously only been scheduled to rise from £9,568 to £9,880 from April 6, the next tax year. This rise will still happen before the higher rate kicks in from July.
Basic rate taxpayers
Income tax is being cut by 1p from April 2024 - a drop from 20p to 19p in the pound - in the first reduction of its kind in 16 years.
This is a tax you pay on your earnings. At the moment, you pay nothing on earnings of up to £12,570 a year if you're a "basic rate" taxpayer.
After this level, then you pay 20p on every £1 you earn between £12,571 and £50,270 a year.
But again, this measure is unlikely to help people during the immediate cost of living crisis as it won't come into play for another two years.
"The promise of an income tax cut in April 2024 offers hope for the future, when the basic rate will fall by 1p, to 19p in every pound," said Ms Coles.
"However, there’s an awful lot of inflationary pain to get through between now and then, and while this tax cut may be a light at the end of the tunnel, it’s a pinprick of light at the end of a very long and increasingly dark tunnel."
Those struggling with energy bills
Energy bills are set to rise by hundreds of pounds from April in a huge hit to household bills.
Ofgem is increasing its price cap by £693 from £1,277 to £1,971 from April 1 - up by 54%.
Prepayment customers will be worse off, with a jump of £708 from £1,309 to £2,017.
The only major support announced today by the Chancellor was the doubling of his Household Support Fund, which is increasing from £500million to £1billion.
The money is dished out by councils and the help you can get varies depending on where you live, as well as your personal situation.
You may be able to get free cash and vouchers to help with heating or your food shop, but again, the it depends on your local authority.
It only typically helps households who are on the lowest incomes so it isn't support available to everyone.
There was also a VAT cut to energy saving devices such as solar panels and heating pumps but these devices have a significant upfront cost to install in the first place.
The Chancellor didn't expand on previously announced tailored support to help homes who may struggle to afford their gas and electricity.
Mr Sunak has already confirmed a £150 council tax rebate to help ease the burden, along with a £200 energy bill "loan" that is compulsory and needs to be paid back.
Benefit claimants
The Chancellor didn't offer any extra support for benefit claimants, including those on Universal Credit, as part of his Spring Statement.
Charities had hoped Mr Sunak might have introduced a temporary uplift - much like he did with the £20 bonus weekly payments during Covid - to help with the cost of living crisis.
Others called on the Chancellor to increase benefits beyond the 3.1% rise planned for April.
Joanna Elson CBE, chief executive of the Money Advice Trust, said: "Today’s Spring Statement is a missed opportunity given the scale of the cost of living crisis facing households."
"The government needs to go much further by significantly uprating benefits and introducing dedicated help for people on the lowest incomes who cannot afford their monthly energy bills."
Pensioners
There had been hopes that the Chancellor may have done a U-turn on only reinstating the state pension triple lock from April 2023 - but there was no mention of this coming back any sooner.
The triple lock promise guarantees that the state pension rises in line with inflation, earnings or 2.5% - whichever is higher, every April.
But, in September, the government confirmed it wouldn't take wage growth into account due to the number of people going back into work after the coronavirus pandemic.
It would have meant pensioners received a rise of about 8% from this April but instead, there will be an increase of 3.1% in line with inflation.
