Get all your news in one place.
100’s of premium titles.
One app.
Start reading
The Independent UK
The Independent UK
National
Holly Patrick

Watch: Jeremy Hunt presents red box on Downing Street ahead of Budget

PA Wire

Watch as Jeremy Hunt holds up the red box ahead of his 2023 Budget speech on Wednesday, 15 March.

The chancellor will deliver a statement in the House of Commons detailing his economic policy announcements.

Ahead of his official speech, the Treasury said that the energy price guarantee will be extended for three months beyond April.

In comments before his official announcement, the chancellor said: "High energy bills are one of the biggest worries for families, which is why we’re maintaining the energy price guarantee at its current level."

Mr Hunt is also expected to unveil pension and childcare benefit changes in his financial plan for 2023.

According to The Guardian, the minister will announce a £4bn expansion of free childcare for one- and two-year-olds in England, providing their parents with an extra 30 hours per week.

For pensions, Mr Hunt will reportedly increase the lifetime allowance (LTA) on tax-free pension savings on from £1.07 million to £1.8 million.

Click here to sign up for our newsletters.

Sign up to read this article
Read news from 100’s of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.