The Budget flashpoints to watch out for, from tax to energy bills

. Mr Hunt is expected to announce an increase to the pension cap in a bid to stop professionals retiring early and increases to childcare allowances for benefit claimants to enable parents to work more hours.

When it comes to taxes, Mr Hunt is expected to freeze fuel duty – following a pattern from the last 12 years – and also unveil tax reforms to encourage investment in the UK by reforming capital allowances regime with bigger tax breaks for companies that invest.and, as already announced by Prime Minister Rishi Sunak, defence spending will rise by £5bn over the next two years.Mr Hunt is set to increase corporation tax from 19 to 25 per cent in April, when the super deduction expires.

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