The UK Chancellor George Osborne said on March 16 that he was presenting "a budget for working people". If you're one of the "working people" in the City, here are the key measures that are targeted at you.

Private equity's ability to cut tax bills with debt is being curtailed.
Changes to the tax deductability of debt is, as expected, likely to have a significant impact on the companies that private equity firms own and ultimately on how private equity firms structure deals. Over five years, this could raise up to £4 billion, according to government projections.