Budget 2013
Chancellor George Osborne has begun his 2013 Budget in the House of Commons, he rose at 12.32pm.
This is the third full Budget Mr Osborne has given since taking on his role as Chancellor of the Exchequer in 2010.
Due to the current state of the economy, it is expected that Mr Osborne will primarily focus on the progress of changes already announced in the Autumn Statement.
This includes changes to income tax and the personal allowance, a reduction in income tax from 50 per cent tax to 45 per cent tax for those earning over £150,000, a rise in State Pension by 2.5 per cent and an increase in Isa limit to £11,520.
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Others have forecast a focus on making Britain a competitive place to do business and cracking down on tax avoiders.
None of this is guaranteed however and the Chancellor may well spring some surprises.
There is also the fact that it is only two years until the next General Election, meaning Mr Osborne will have limited time to implement any new changes.
As this is a Coalition government, it will be interesting to see what decisions have been agreed upon by the two parties.
• Financial Planner Online will be covering the Budget extensively today with coverage of the announcements and all the post-Budget reaction from our Budget panel. It will be also be tweeting via our feed @FPM_Online.
