Autumn Statement

The Treasury is to increase the inheritance tax (IHT) nil rate band by 1% in 2015/16, to £329,000.

The higher rate tax threshold will go up by 1% in 2014, the Chancellor said today.

The coalition government will not introduce a new tax on property, the Chancellor said today.

Chancellor George Osborne has announced an extension of the UK fiscal austerity programme until 2017-2018 as the government failed to meet some of its debt targets.

The Chancellor has announced cuts to pensions tax relief, meaning individuals can now only put away £40,000 annually free of tax.

The Office for Budget Responsibility (OBR) has downgraded its outlook for the UK economy.

Chancellor George Osborne is set to announce austerity measures will be extended into 2018 and banks will face more tax in a "bleak" Autumn Statement, according to reports.

George Osborne is considering a new tax raid on the pension contributions of richer voters, after rejecting the idea of a "wealth tax" based on higher council rates for luxury homes and apartments.