The Chancellor has defended his decision to get rid of the 50p tax rate, saying:
"Those with the most should contribute the most. But it is a completely phoney conception of fairness that you stick with a tax rate that you know raises no money, that you know drives away jobs and investment that you know weakens the economy - just to say you've kicked the rich."
The Chancellor's surprise plan for swapping job rights for shares is praised as "innovative", but what does it mean for the average worker?
The Chancellor told the assembled delegates that they were still, "all in it together," and that he was right to cut the 50p tax rate.
The Government is to press ahead with plans to slash an extra £10 billion from the welfare budget by 2016-17, the Chancellor has said.