Chancellor John Healey is poised to deliver his first Budget on Wednesday, amid fevered speculation surrounding potential tax rises or spending cuts to fill a growing black hole in the public finances.
The Budget is one of the biggest events in the UK's political and economic calendar, when the chancellor sets out the government's plans for taxation, public spending and the wider economy. Delivered in a speech to MPs in the House of Commons, the Budget outlines how the government intends to raise and spend money.
