Osborne’s Budget – follow it live

George Osborne presents his first Budget as a Conservative Chancellor today

George Osborne presents his first Budget as a Conservative Chancellor today

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Chancellor George Osborne has promised to deliver “a Conservative Budget – a Budget that puts economic security first” today.

And you can follow his announcements live here on our website as they happen.

His vow came in a message on Twitter after he briefed Cabinet colleagues on his plans at an early-morning meeting in 10 Downing Street.

Mr Osborne’s seventh Budget – and his first as Chancellor of a Conservative-only Government – is expected to include a package of dramatic welfare curbs, with the pill sweetened by tax cuts for middle-earners and those inheriting family homes.

He is expected to wield the axe on tax credits and housing benefit, reduce the overall benefits cap and announce that student grants are being scrapped.

Mr Osborne is also set to take advantage of better-than-forecast tax revenues to declare that his £12 billion of welfare savings will be implemented more slowly than previously thought.