What will be in the 2016 Budget?

Fresh austerity measures, changes to income tax and the scrapping of a radical overhaul to the pensions system have dominated the headlines ahead of the 2016 Budget. But what money measures does the Chancellor have in store today? Here’s what to expect.

Income tax

One of the Conservatives’ pre-election pledges was an increase in the threshold for the higher rate of income tax towards £50,000 by the end of the parliament, and a rise in the tax-free personal allowance to £12,500.