The Pre-Budget report did not produce anything material that was not already expected.
The headlines for now are still the tax rises from next April. For more information on this subject, please see our guide, How to plan for the 50% tax rate.
The report also confirmed the return of the VAT rate to 17.5% from 1 January 2010.
For commentary on the announcements made in this year's Pre-Budget report, please visit our Press Mentions section.