CLEAN : Britain awaits fresh austerity budget befo

The video discusses the political and economic context leading up to a general election, focusing on the budget measures expected from Chancellor George Osborne. It highlights the constraints on major tax cuts due to poor public finances and anticipates incentives for investment to support economic recovery. The Office for Budget Responsibility may adjust forecasts for GDP growth and public borrowing, but changes are expected to be minor. Additionally, measures to alleviate household living costs, such as increasing the tax-free personal allowance, are considered likely.

What changes might the Office for Budget Responsibility make to its forecasts?

What has been popular in recent budgets regarding personal allowance?