Jeremy Hunt will update the government's tax and spending plans on 15 March as he delivers his first Budget as chancellor. Here are the things to look out for 👇
Defence sources told Sky News Mr Sunak risked failing as"wartime prime minister" unless he increased the defence budget by at least £3bn a year.
There has been speculation the chancellor may announce back-dating some pay awards or one-off payments, but the Institute for Government thinktank says there are no"pain free" options for Mr Hunt. Last month, the Early Years Alliance told Sky News nursery fees are expected to increase even further,Families with children aged one and two do not currently receive support to cover the period after parental leave ends and before free nursery hours are offered for three and four-year-olds.
But business leaders and some Conservative MPs have called on the chancellor to soften the planned rate rise, given the headroom created by lower-than-expected borrowing. They argue the increase could exacerbate low levels of company investment in the UK.
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