He did though announce plans for the oil and gas exploration and extraction sectors to get a range of tax changes to encourage growth.
For small businesses, he announced a simplified tax system to save red tape for those businesses with turnover up to £77,000 alongside a cut in corporation tax to 22% in 2014.
The Chancellor revised the growth forecast for the year up from 0.7% to 0.8% and forecast borrowing would be £126bn down by £1bn from the Autumn Statement.