Budget 2023 - here’s what to expect on tax

The Chancellor will be facing pressure from all sides when he stands to deliver his latest Budget next week.

An unexpected boost in the public finances has raised hopes that he will have room to lower the tax burden on households still dealing with an acute cost-of-living crisis. Meanwhile, the markets are waiting to pounce - as they did last autumn - on any signal that the government is opening the taps on an economy that is already facing historically high inflation.