Budget at a glance: What has John Healey announced?

John Healey has set out his first Budget as Chancellor with a bid to provide "breathing space" for the public amid a difficult domestic economic situation made worse by the turmoil of the Iran war.

Here, the Press Association takes a look at the key spending pledges and economic announcements the Chancellor has outlined.

– Headroom

Mr Healey has lowered his fiscal headroom – the buffer the Government has above its self-imposed spending rules – to £15 billion in 2029-30.