Chancellor Jeremy Hunt is set to unveil the Budget in the House of Commons later today.
The announcement comes after Mr Hunt's last financial statement in November as the Government sought to restore the UK’s economic credibility following Kwasi Kwarteng’s disastrous mini-budget.
He set out a series of "difficult" decisions designed to ensure a "shallower" recession for the UK, amid a backdrop of the war in Ukraine, soaring energy bills and the economic turmoil that spelled the end of Liz Truss’s short-lived administration.