IFAonline will be providing in-depth coverage of today's Budget from 12.30pm.
In one of the toughest economic environments this country has faced, Alistair Darling is expected to outline the full impact the recession has so far had on the UK.
A key measure the Chancellor is expected to unveil is £15bn worth of Whitehall spending cuts over the next few years.
But the Conservatives say this would only save a fraction of the money needed and is calling on Darling to "be honest" about tax rises.
Other expected measures include a claw back of tax relief on top earners' pension, plus £2bn help for the young unemployed and £1bn to boost the housing market.
On Monday, the Association of British Insurers (ABI) condemned speculation surrounding scrapping higher rate tax relief on pension contributions as "entirely wrong" and "a direct attack on middle Britain".
The home help package is also expected to include a three-month extension on the stamp duty 'holiday' on homes costing below £175,000, to the end of the year.
Log on from 12.30pm to follow the announcements as they are made.IFAonline
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