Mr Osborne announced an increase in the
threshold before workers start paying income tax to # 8,105,
financial support for first - time home buyers, a two per cent cut to corporation tax this year, a tax on private jets, a clampdown on non-doms, the introduction
of # 140 flat - rate state pension, a review into a merger
of national insurance and income tax and a fair fuel stabiliser, including a 1p cut on fuel duty.