Employees driving electric cars will enjoy a tax break on their company car tax, the chancellor revealed in his Pre-Budget Report.

Changes to the pension rules, specifically removing the need for annuities, mean that people who have 'lifestyle' choice pensions may have to rethink their savings plans, according to experts.

The Government is increasing employees’ income tax personal allowance by £1,100 in April 2013, taking it to £9,205 in total.