Old Age Pension increases of about £7 a week

Cut in standard 24 per cent tax rate

Large increase in personal income-tax allowances

Possible standard rating of PAYE allowance as first move to tax credits

Corporation tax down by 4 percentage points

Introduction of profit sharing option

Student accommodation targeted

All zoned land to be eligible for 20 per cent capital gains tax rate

Increasing children's allowances of small farmers

Possible cap on earnings for pension schemes