The Chancellor has begun delivering his first Budget, describing it as a financial statement intended to support working people across Britain and businesses ranging from small firms to large companies.
Opening the speech, he said the Budget was for the “working people of Britain” and for “British businesses big and small”. The remarks set out the broad groups the Government intends the Budget to address as the Chancellor outlines its measures.
The speech marks the Chancellor’s first Budget. Further details of the policies and decisions announced are expected as the statement continues.