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All the important things you need to know ahead of today’s Budget

Rachel Reeves says Budget will deliver on Labour's promise of change

Chancellor Rachel Reeves is due to deliver her Budget in the House of Commons at 12.30pm today, outlining measures to stabilise national finances.
Plans for a significant income tax hike have reportedly been abandoned – instead, an extended freeze on income tax and National Insurance thresholds is anticipated, aiming to generate £8.3 billion annually through 'fiscal drag'.
The annual cash ISA limit is expected to be cut from £20,000 to £12,000 to encourage investment in the UK stock market.
Cost of living measures include freezing rail fares and NHS prescription charges in England, while new levies such as a 3p per mile tax for electric vehicles and a 'mansion tax' on properties over £2 million are under consideration.
The two-child limit for child tax credit and universal credit is expected to be scrapped, and efforts to recover fraudulent universal credit payments will be extended to raise £1.2 billion.