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What to expect from Budget 2018: tax cut u-turn, pensions slashed, boost to inheritance tax allowance

On 29 October Philip Hammond will stand up and deliver one of the most crucial Budget statements in recent memory.

In the last major fiscal announcement prior to Britain’s withdrawal from the EU, the Conservative Party is aiming to boost the economy while heading off a resurgent Labour opposition uniting behind Jeremy Corbyn’s populism.

As always, Westminster is rife with rumours and speculation over the contents of the famous red briefcase. Telegraph Money has rounded up the runners and riders.

Pensions slashed

Likelihood: 8/10

Earlier today, the Daily Telegraphrevealed the Chancellor is aiming to meet his NHS funding pledge by slashing the generosity of incentives on pension savings.

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