Against a backdrop of supply chain issues, labour shortages and rising inflation, Rishi Sunak has delivered an optimistic budget, looking ahead to a post-pandemic economy.

With the economy forecast to grow by 6.5% this year and unemployment expected to peak at lower levels than previously feared, the government has found itself with more room for manoeuvre when it comes to spending.

During his statement Sunak committed to supporting households with lower alcohol and fuel duties despite imposing higher taxes on workers and cutting benefits elsewhere. He said: “Today’s budget delivers a stronger economy for the British people: stronger growth, with the UK economy recovering faster than our major competitors. Stronger public finances, with our national debt finally under control. Stronger employment, with fewer people out of work and more people in work.”

The optimistic outlook, fuelled by a faster economic recovery from the pandemic earlier this year, did come with a note of caution as Sunak acknowledged the threat of rising inflation.

But how will your personal finances be impacted by the budget? Enter your details in the calculator at the top of the page, created by accountants Blick Rothenberg, to find out.