Jeremy Hunt is due to set out the government’s plans for tax and spending in his budget on Wednesday. In what is expected to be the last budget before a general election, the chancellor’s biggest giveaway is likely to be a further cut to the national insurance contributions paid by employees, after a 2p reduction in his autumn statement.
Meanwhile, the Office for Budget Responsibility (OBR) will publish updated economic forecasts and an assessment of the government’s finances for the next five years – running beyond the next election to 2029. Here is what to expect.
