The amount of money people take home in their pay packet is set to go up, as personal income tax allowances could increase by £600 to £15,200.
De Sauamarez said this was the primary measure in the budget to support people with the cost of living.
Tax on tobacco will increase by 13.7%, which equates to an extra £1.12 on a pack of cigarettes; while fuel duty is increasing at a rate higher than the cost of living is increasing, meaning a litre of petrol on average will cost 3.7p more.
Domestic property tax is also set for an above-inflation increase to 8.7%, with commercial rates set to increase by 5.4%.
As previously reported by the BBC, a new tax of £2.20 per 10ml of vape liquid is set to be introduced, with retailers saying they were “concerned” about the impact on the local industry.
Registering a new car could cost more next year as well, with the first registration duty going up by 8.7%.
