And he said that he was creating a new help-to-buy ISA which would see the government add £50 to every £200 first-time buyers put away towards a deposit.
He confirmed tax cuts via a rise in personal allowances, cut beer, cider and spirit duties, and again scrapped the fuel duty rise.
What is in the budget?
Annual savings limit for ISA increased to £15,240 and fully flexible ISA created
New Help to Buy ISA for first-time buyers allows government to top-up by £50 every £200 saved for a deposit
1p a pint off beer duty, but duties on tobacco and gaming unchanged
Cider duty cut by 2 per cent and duty on Scotch Whisky and other spirits cut by 2 per cent. Wine duty frozen
Fuel duty increase which was scheduled for September cancelled
Income tax personal allowance to rise to £10,800 next year and £11,000 the year after, making typical working taxpayer £900 a year better off
Pension pot lifetime allowance to be reduced from £1.25m to £1m from next year, saving £600m annually
Annual tax return abolished. Class two national insurance contributions for self-employed to be abolished in next parliament
Above inflation rise in threshold for 40p income tax rate from £42,385 this year to £43,300 by 2017/18
Farmers to be allowed to average incomes for tax purposes over five years
Funding provided for “major expansion” of mental health services for children and those suffering from maternal mental illness
Measures on tax avoidance and evasion to raise £3.1bn over the forecast period
Review on the use of deeds of variation to avoid inheritance tax to report by the autumn
Chancellor announces £1m to buy defibrillators for public places, including schools
Go-ahead for £60m investment in energy research accelerator in the Midlands, with new national energy catapult to be in Birmingham.
Support for automotive industry including investment of £100 million for driverless technology and reduced rate of increase in company car tax for low-emission vehicles – with other vehicle rates rising by 3 per cent in 2019/20
Introduction of the first 20 housing zones for construction and extension of eight enterprise zones across Britain, with new zones in Plymouth and Blackpool
Up to £600m to clear new spectrum bands for auction to improve mobile networks
Employers national insurance for under 21s abolished from this April and for young apprentices from next April
Major review of business rates system and reduction in the annual investment allowance to be set at a rate “much more generous” than £25,000