Jeremy Hunt delivers the 2024 spring budget in the House of Commons from 12.30 pm.
The chancellor, who is expected to announce a 2p reduction to national insurance (NI) in what could be the last major fiscal event before the next election, said "lower tax means higher growth".
While he did not confirm what taxes he plans to slash, Sky News understands that the 5p freeze on fuel duty will be extended.
The budget is accompanied by economic and fiscal outlooks from the Office for Budget Responsibility (OBR), the independent public finances forecaster.
Live updates here 👉 https://trib.al/zkJPNN5
Money advice blog 👉 https://trib.al/wEeVvFT
#Budget #Budget2024 #Chancellor #economy #JeremyHunt
SUBSCRIBE to our YouTube channel for more videos: http://www.youtube.com/skynews
Follow us on Twitter: https://twitter.com/skynews
Like us on Facebook: https://www.facebook.com/skynews
Follow us on Instagram: https://www.instagram.com/skynews
Follow us on TikTok: https://www.tiktok.com/@skynews
For more content go to http://news.sky.com and download our apps: Apple https://itunes.apple.com/gb/app/sky-news/id316391924?mt=8 Android https://play.google.com/store/apps/details?id=com.bskyb.skynews.android&hl=en_GB
Sky News Daily podcast is available for free here: https://podfollow.com/skynewsdaily/
Sky News videos are now available in Spanish here/Los video de Sky News están disponibles en español aquÃ: https://www.youtube.com/channel/UCzG5BnqHO8oNlrPDW9CYJog
To enquire about licensing Sky News content, you can find more information here: https://news.sky.com/info/library-sales
