Five charts that will shape Jeremy Hunt’s budget

With tax receipts increasing, Jeremy Hunt should have more headroom for giveaways – but may save them for closer to the election. Photograph: Victoria Jones/PA

Jeremy Hunt will announce his budget on Wednesday with the government under pressure to provide more support on soaring living costs, and as the global economy grapples with the collapse of Silicon Valley Bank.

The chancellor is widely expected to announce an extension of financial support for energy bills and policies to encourage more people into work, alongside updated forecasts for the economy and public finances. Here are five key charts that will underpin his statement.