The Chancellor George Osborne this afternoon delivered his Autumn Statement - the traditional annual update on the economy, public finances and government spending.
There were plenty of talking points (beyond Ed Balls's rather muddled response and Nick Clegg shaking his head when Osborne categorically ruled out a 'mansion tax').
Here are six of the biggest...
1 Economy
The economic growth forecast for this year has been cut to -0.1%, which, you guessed it, is down on the estimate given during the March Budget (growth of 0.8%). Beyond this year, the forecasts read: 1.2% in 2013, 2% in 2014, then 2.3%, 2.7% and 2.8%.
Seven key points from the Autumn Statement 2012
Of course, none of this prevented Osborne from trying the ol' lipstick-on-a-pig trick: his forst words this afternoon were "It's taking time but the economy is healing."
2 Pensions tax relief
The gloomy economic picture was expected to be the biggest news to come out of today's Autumn Statement, but there was another biggie: from 2014/15, the lifetime pension relief allowance will fall from £1.5m to £1.25m.
Additionally, the annual allowance is to be cut by a further £10,000 to £40,000. This comes only two years after Osborne slashed the allowance from £255,000 to £50,000.
The BBC's Robert Peston said the restrictions represent a £1bn tax increase for high earners.
3 Income tax
Good news: from next year, the basic income tax threshold is to be raised by £235 more than previously announced - to £9,440. Meanwhile, the threshold for the 40% tax rate is to rise by 1% in 2014 and 2015, from £41,450 to £41,865 and then £42,285.
4 Drawdown
The maximum income limit for capped drawdown is to be pushed back up to 120%. Though we don't know yet when this will happen. The limit was cut from 120% to 100% 18 months ago at the same time as the rules were altered to allow people to remain in drawdown beyond age 75.
5 IHT
The inheritance tax (IHT) threshold is to be increased by 1% next year, to £329,000.
6 ISAs
The contribution limit for individual savings accounts will, from next April, be raised to £11,520 (previously set to be £11,280). Osborne also said the government is consulting over allowing direct investment in Alternative Investment Market shares within ISAs, to boost enterprise.
7 State pension
The basic state pension will rise by 2.5% next year to £110.15 a week.
...and here are twoother notable changes...
1 Fuel
The 3p-a-litre increase in fuel duty, which was due to come in next January, has been cancelled.
2 Tax avoidance
Osborne said the Treasury expected to bring in some £5bn over the next six years thanks to a treaty with Switzerland to deal with undisclosed bank accounts.
