Chancellor

Savers will be able to pass on money in their pension pot tax free to their children and grandchildren upon their death, after Chancellor George Osborne announced that he will abolish a 55% penalty tax for some groups.

From next April millions of people will be able to get free, impartial guidance on how to make the most of their retirement savings.

ISAs transform into NISAs (New ISAs) today, meaning everyone can now put £15,000 into cash or shares savings without paying tax on it.

The Bank of England will be given greater powers to restrict mortgage loans in plans set out by Chancellor George Osborne to fix Britain's housing market.

Smokers will be hit by higher prices as the Chancellor announced increases in tobacco duty in today's Budget. Meanwhile, the price of beer will fall by 1p.

Passengers have been hit by higher rail fares today, with annual season tickets rising by an average of 3.1%.

Married couples will get a tax break from 2015, while low and middle income earners under 65 could pay less from next April, Chancellor George Osborne said in today's Autumn Statement.

Rail passengers in England will face average rises of 3.1% on fares next month, rather than the 4.1% hike which had been expected, Chancellor George Osborne revealed in today's Autumn Statement.

Disability and carers' benefits and the additional state pension will rise by 2.7% in April 2014 – but other benefits will see just a 1% rise, Chancellor George Osborne said in today's Autumn Statement.

Motorists have been given respite from rising petrol prices after Chancellor George Osborne announced an extension to his fuel duty freeze until May 2015.