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The week's most important personal finance news, analysis and expert advice, from pensions and property to investment ideas and savings tips.

It's been a busy week – and it's only Wednesday

What a week it has been. A bumper Budget, a Bank Rate cut, a 30pc fall in oil prices, thousands of new coronavirus cases and billions of pounds knocked off the stock market.

Apologies for the late delivery of this week's newsletter, but we were listening intently to Chancellor Rishi Sunak's Budget speech. Read our analysis here.

Most pressing of all on his agenda was minimising the impact of the coronavirus on our finances. Mr Sunak promised the Government will do everything it can to “keep this country and our people healthy and financially secure”.

So how does he plan on doing this? Using around 30bn of public money, he promised to allow delays on tax payments and support for the seven million self-employed people and lower earners who are not entitled to sick pay.

Coronavirus aside, there was also a tax cut for 31 million workers as well as a pension boost for higher-earners and freezes on beer, wine, cider and fuel duties. Although savers will be hurt by the Bank of England's rate cut, those saving into a Junior Isa for a child will be quids in. The Chancellor has more than doubled the amount you can put away tax-free to 9,000 a year.

You can read our rundown of the winners and losers in this year's Budget here.

The Budget speech came after the Bank of England slashed interest rates, hoping to stimulate the economy and stave off a coronavirus-induced recession. Those on variable mortgage payments rejoice but it is another kick in the teeth for the diligent savers among us.

It's a lot to take in. Here's our breakdown of how all the major financial events this week will affect your personal finances.

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