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Watch live as Jeremy Hunt delivers the spring Budget following Prime Minister’s Questions on Wednesday 6 March.
The chancellor is anticipated to make a 2p minimize to nationwide insurance coverage central to his announcement, which he stated would ship “more opportunity and more prosperity”.
Mr Hunt, who has confronted strain from Tory MPs to ease the record-high tax burden, promised “permanent cuts in taxation” that will deliver “higher growth” as he seeks to woo voters forward of this yr’s normal election.
Wednesday’s Budget is anticipated to be the final earlier than the UK heads to the polls.
The Office for Budget Responsibility is anticipated to publish its outlook round an hour after the chancellor delivers his assertion to the House of Commons.
Ahead of Mr Hunt’s Budget, shadow chancellor Rachel Reeves has accused the Tories of overseeing “fourteen years of economic failure”.
“The Conservatives promised to fix the nation’s roof, but instead they have smashed the windows, kicked the door in and are now burning the house down,” she stated.
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