<p><br /> New Chancellor George Osborne has outlined a series of tax policies he will introduce at next month's emergency budget, while addressing business leaders at the annual CBI dinner.<br /> </p><p><br /> Mr Osborne declared that the government will deliver on the Tory manifesto pledge "to stop most of the increase of the employer national insurance contribution in the coming budget".<br /> </p><p><br /> He said the budget would also include a "five year road map" for corporation tax, claiming it was a priority of the government.<br /> </p><p><br /> He said: "I can confirm that the final coalition agreement that we will publish tomorrow will commit us to lower and simpler corporate tax".<br /> </p><p><br /> "Our aim is to create the most competitive corporate tax regime in the G20, while protecting manufacturing industries".<br /> </p><p><br /> Finally, the Chancellor said he will announce a "substantial increase" in the personal income tax allowance at the budget.<br /> </p><p><br /> Mr Osborne said: "I believe it is right that people on low and middle incomes should be helped through the tax system.<br /> </p><p><br /> "This is why at the budget I will be announcing a substantial increase in the personal income tax allowance".<br /> </p><p><br /> He went on, giving hints at where one of the coalition policy agreements was made: "Our longer term goal is to raise the allowance to £10,000, with real terms steps in that direction every year".<br /> </p>
