Sajid Javid will deliver the government’s first post-Brexit Budget on 11 March, in what it likely to see a shift in spending away from London and the South East.
Tomorrow morning Javid will give Cabinet colleagues an economic update ahead of his first Treasury questions since Boris Johnson won an 80-seat majority last month.
He is expected to reiterate commitments made during the campaign, including raising the threshold for National Insurance contributions and freezing income tax rates, as well as the pledge to “level up and spread opportunity” with a multi-billion-pound spending spree.
The environment, public services and the cost of living are expected to be prioritised at the Budget, and Javid will also introduce new fiscal rules, as outlined during the election.