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A rise within the tax on petrol and diesel had been due to come into force within the autumn, however the Chancellor cancelled the increase to help laborious-pressed drivers. The Chancellor additionally announced plans to seek 'significant' savings through reforming the system of annual rises by means of pay progression in the public sector, which he stated was troublesome to justify provided that millions of employees had seen their wages frozen or lower. The Chancellor confirmed that a new ‘general anti-abuse rule’ could be introduced in, making it far simpler to force individuals to pay their justifiable share of taxes. A new £155-a-week flat price pension will come into effect in 2016 - a yr earlier than planned, meaning round 400,000 folks approaching retirement will obtain extra generous funds once they stop work

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