Vehicle Excise Duty
The main changes were that basic rate of income tax would fall from 22% to 20% from April 2008 and that the lower starter rate of 10% would be removed. Vehicle Excise Duty on the highest-polluting vehicles would go up to £300 and to £400 from April 2008, with the least-polluting vehicles to have their duty reduced to £35. The savings limit for Individual savings account contributions would be increased to £7,200 from April 2008. The Inheritance Tax threshold would rise from £285,000 to £350,000 in 2010.