Chancellor George Osborne has claimed that today’s Budget will be “pro-growth” in the face of spending cuts and job losses. A key feature is raising the tax threshold by £600 – this should save low-earners some much-needed cash.
He will present it at 1230 GMT on Wednesday, with much of the population hoping that he can provide some relief from the tough economic conditions of the recession.
Other measures include £250 million to help people trying to buy their first homes, and a scrap of the rise in fuel duty.
The Budget is again likely to be about trying to ease the pressure of the recession, although many will be wondering why the government recently committed to such expenditure by starting the UN assault on Libya, if things are so tough for the people at home.
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