The Chancellor Jeremy Hunt has announced a complete U-turn of almost every Government tax policy announced in the last few weeks - including the reduction in the basic rate of income tax, the energy price guarantee which was keeping down gas bills and the scrapping of a rise in alcohol duty.
It means your take-home pay will be lower, your gas and electricity bills will be higher and you will pay more for alcohol.
In his statement the Chancellor announced a reversal of almost all of the tax measures set out in the Growth Plan that have not been legislated for in parliament. The following tax policies will no longer be taken forward:
