The chancellor will cut national insurance and introduce a vape tax, but has scaled back his plans, shelving many of the biggest tax cuts until the autumn statement
The public finances showed a record revenue of £16.7 billion in January but that undershot the Office for Budget Responsibility’s forecast and economists’ projections
Clare Lombardelli, chief economist of the Organisation for Economic Co-operation and Development and a former senior Treasury official, has been appointed a deputy governor of the Bank of England.
The chancellor will cut national insurance and introduce a vape tax but has played down expectations of big tax cuts, shelving many of the measures until the autumn statement