Chancellor Jeremy Hunt will deliver his Spring Budget this Wednesday (March 15) as the cost of living crisis continues to place pressure on household finances.
Mr Hunt's plans are expected to focus on driving down inflation, which has seen the cost of goods and services across the country soar in recent months. Prime Minister Rishi Sunak indicated a similar intention, stating that "the number one economic priority I know that the country has is reducing the burden on the cost of living".
It comes after Mr Hunt's previous budget aimed to fix the economic turmoil caused by his predecessor Kwasi Kwarteng and former prime minister Liz Truss through a series of tax cuts. As with all budgets, what the Chancellor announces on Wednesday will have a direct effect on the British economy.
