George Osborne will deliver his sixth Budget at 12.30pm on Wednesday. Here are 10 things we can expect the Chancellor to include:
- Savings: virtual abolition of the tax on savings income.
- Public spending cuts: eased in the final year of the 2015-20 parliament.
- Personal tax allowance: due to rise to £10,600 next month.
- Pensioners: the five million people who have already bought annuities will be able to sell them; possible cut in tax relief for high earners on their pension pots.
- Tax avoidance and evasion: “Google tax” on multinationals which move profits to low-tax countries; new offence of economic crime – helping people evade tax.
- North Sea oil: tax help for firms to head off job losses.
- Beer: a possible cut in beer duty.
- Petrol: possible freeze in fuel duty.
- Northern Powerhouse: an Oyster-style transport card for the North; electrification of the Selby to Hull line; investment in the chemical sector in the North-east.
- Housing: 45,000 new homes to be built on brownfield sites.
More: Just why does George Osborne think exotic meat is more essential than tampons?
More: Osborne's economics praised, but we're not all in it together