Labour frontbenchers mocked Nick Clegg, pictured, and his Lib Dem colleagues as George Osborne dashed their hopes of introducing a 'mansion tax' in his Autumn Statement.

The changes will come into force in 2014/15 and are expected to bring thousands more well-off savers into tax on their pension contributions, generating an extra £1 billion in tax by 2016/17.

Adele Collinson, pictured, owns an arts and crafts busines and worries the new cap on tax-free pension contributions will hit her retirement plans.

Osborne claims the UK is open for business but beyond the hyperbole his budget statement has closed the door on chances to stimulate growth, says one entrepreneur.

Pensions minister Steve Webb (pictured) warned the state of the public finances meant 'difficult decisions' had to be taken, and challenged Labour to back them.

Bassetlaw MP John Mann said the Shadow Chancellor’s response to the Chancellor’s Autumn Statement had damaged Mr Balls’s leadership prospects – and made Mr Miliband’s position secure.

Anyone currently in their 40s or younger would be affected by the move, which will see the state pension age rise as the average person lives longer.

As George Osborne speaks and throughout the day This is Money will be live blogging analysis, reaction, charts and data and what people are saying on social media.

George Osborne did not address problems such as low levels of investment, lack of access to finance, and high energy costs.

Chancellor George Osborne has announced that pensioners will get the chance to boost their incomes in a six month window between October 2015 and April 2016.

With this year's statement imminent, pension experts are pleading for a grace period for an industry that has undergone wide-ranging regulatory changes in recent years.

The age at which people can claim their state pension will rise to 68 in the mid-2030s, 69 in the late-2040s and future rises will be linked to life expectancy.

Annuities which come with death benefits can be passed to loved ones tax-free if you die aged under 75, the Chancellor announced in the Autumn statement.

Live analysis, reaction, charts and data and what the experts and you the readers are saying in reader comments and on social media .

The big omissions from a Budget or an Autumn Statement are always revealing. It used to be help for savers. This week the missing element was the squeezed middle. Not households, but firms.

Three major changes to pension saving are on the horizon, which will hit those helping to build a healthy fund for retirement. Now, the Chancellor faces calls to reverse a planned tax grab

The Chancellor has pledged to eliminate the record deficit racked up by Labour during the financial crisis and return the country to the black by the end of the decade.

Chancellor George Osborne has confirmed the basic state pension will rise by £3.35 to £119.30 a week from April, while the starting rate for the new single-tier version will be £155.65.

We bring you the latest the analysis, reaction and charts from the experts and our own journalists from throughout the day.

Public funding - known as Short Money - given to opposition parties to prepare to become an alternative government is to be slashed by 19 per cent, in line with Whitehall departments.

The Autumn Statement contained some good news for entrepreneurs as George Osborne pledged to carry on exempting micro companies from paying business rates.

In his Autumn Statement and Spending Review, Mr Osborne claimed he is tackling the 'crisis in home ownership' head-on with the 'biggest housebuilding programme since the 1970s.'

The analysis, reaction and charts from the experts and our own journalists from throughout the day.

Delivering his first fiscal package since the historic EU referendum vote, the Chancellor insisted the government understands the fury of those who have not shared in the wealth generated by the economy.

While the OBR's chairman Robert Chote admitted there is a 50 per cent chance that the forecast is 'too gloomy', he is standing by his forecast saying predictions were made based on existing trends.

Philip Hammond told MPs he would be compiling a major report into the impact that state spending on pensioners has on the health and social care of an ageing population.

John McDonnell insisted today that Labour MPs were listening to his response to the Autumn Statement yesterday despite most of them being seen busy on their mobile phones.

It was not the kind of Autumn Statement we had come to expect under George Osborne – all fire and brimstone – but Philip Hammond’s debut was not without its nasty side.

The Flat Rate Scheme for VAT, designed to cut bills and red tape for small firms, is being overhauled in a measure the Chancellor said would stem abuse of the scheme.

Stoke City are finalising the transfer of Wigan Athletic's Nick Powell and are interested in Everton's versatile 24-year old defender Matthew Pennington.

The Ecuadorian outfit confirmed the 32-year-old's arrival on Friday afternoon by posting a video of Valencia getting used to his new surroundings.

Marco Silva wants new faces this summer with Zaha the top of his wishlist before the window closes. And after drawing a blank against Wigan Athletic, Silva is unlikely to renege on his desire for forwards.

The 26-year-old is due to have a medical ahead of signing a three year contract with the Championship side.

Crystal Palace tweeted a cringeworthy video to announce the £8million signing of James McCarthy from Everton. The clip shows James McArthur outside an internet cafe.

The 19-year-old had attracted the attention of eight other Premier League sides in the summer transfer window, but remained at Stamford Bridge to battle for first-team football.

SPORTS AGENDA BY MIKE KEEGAN: England's footballers may well have been delighted last week when the FA announced a multi-year sponsorship deal with food delivery app Deliveroo.

Derby County captain Richard Keogh (left) has been pictured on crutches for the first time since being involved in a horror car crash that could have ended his career.

The 32-year-old has been training with Salford this season after being released by Wigan Athletic last year. The midfielder was once viewed as a long-term replacement for Paul Scholes at United.

Everton are looking to sign Joe Gelhardt from Wigan Athletic according to The Sun, the 17-year-old who has been dubbed 'the next Wayne Rooney.' 

Daniel Lawson booked two single rooms at the Cabot Pollensa Park Spa in Mallorca on hotel booking site, Alpharooms, via holiday comparison site, Trivago, at the beginning of June.

While soaring costs are well documented for people suffering from visible or severe illnesses a diverse group of consumers are suffering with illnesses largely hidden from view.

In the race to be named the most popular family package holiday destination, Tenerife has come out on top for the second year running, according to TravelSupermarket.

Two insurance firms have revealed some surprising claims made by customers on their home insurance policies for thefts abroad.

Barbara Marriott, 56, was due to fly to the Playa Flamingo Beach Resort in Lanzarote at the end of August with her husband and daughter.

All inclusive holidays are becoming increasingly popular with a 28 per cent increase of families searching for the packages this year compared to last year, new data has revealed.

Hotel comparison sites claim to work with partners across the world to guarantee the best prices for your budget. But all too often travellers using the platforms are running into problems.

Millions who were planning to head abroad this year to visit well known attractions, will still be able to do so from the comfort of their own home.

The main way we can cut down on our carbon footprint is changing the way we travel - if everyone made small changes to their holiday schedule, it could make a huge difference over time.

With political rows and the on-off threat of a no-deal Brexit, there's no guarantee what could happen to the pound between now and 31 October - or after that date.

The 71 year-old was told by the travel insurance firm that he would not be able to claim the money back as he had not informed it straight away of pending eye surgery.