Reading the BBC’s Budget 2005 key points, these are the main things that affect us:

• My personal tax allowance rises in line with inflation
• Insurance tax freeze is a good though tiny thing
• Alcohol is dearer by 1p on a pint :(
• Child tax credit rise is inline with earnings rather than inflation. This is good. I think this means about ?65 per year
• Child benefit has risen by 50p for Jon and 11pence for Ben! Woohoo!

Well… I don’t know about you, but that doesn’t make me want to vote Labour! Nice to see an extra 400m for defense when our local secondary school is achieving 23% pass rates too…

According to the analysis, this budget is to wow couples with children… clearly the child tax credit is going to have a bigger effect than I think or I’ve missed something!