Philip Hammond delivered his first and the final spring Budget today, where business rates, a lowering of the sugar levy, a minimum excise on tobacco and an extension of the timeframe for businesses to switch to digital tax reporting were the key issues affecting retailers. We've rounded up the initial reaction from the industry…

On extending the Making Tax Digital timeline:

On a new minimum excise duty on tobacco:

On a reduction in the soft drinks levy:

Find out what the Budget means for you.