He also said the personal income tax allowance would rise in the Budget.

BBC: Chancellor George Osborne promises business tax reform

There has been some reshuffling between households: the increase in child benefit announced in last year's budget was paid for by a cut in the married couples' tax allowance.

ECONOMIST: The budget

Of course, a budget only works if a person sticks to it, and a person needs to enforce his allowance in order for it to do any good.

FORBES: Should Adults Have an Allowance?