One possible alteration was thought to be tax-free cash drawdowns, but the chancellor may have turned to salary sacrifice schemes

Chancellor expected to introduce new limit on how much can be spent on a bicycle through cycle to work scheme

Labour had laid the ground to break a manifesto pledge on taxes for working people but has now made a U-turn

The bond markets selling UK debt, which the chancellor had spent months courting, reacted badly to her change of heart on income tax rises

One possible alteration was thought to be tax-free cash drawdowns, but the chancellor may have turned to salary sacrifice schemes