Budget savings bonanza for rich

High earners will crack open the champagne over the controversial slashing of the 50p tax rate to 45p for those earning £150k or more - a widely anticipated move.

However there is a rise in the personal tax allowance to £9,205 from 1 April 2013. That's a £1,100 rise which may see up to 2m Britons taken right out of the tax system. Where else has Osborne been tinkering?