Chancellor Jeremy Hunt has announced the date for the 2024 spring budget.
Mr Hunt confirmed on Wednesday morning that the government’s next major financial statement will be delivered on 6 March.
It comes after a flurry of reports today about measures the government could introduce in the budget in a bid to win back voters.
Housing secretary Michael Gove suggested to the Times that the Conservatives will promise to cut the up-front cost of a home for first-time buyers in a pre-election giveaway.
And the prime minister has ordered a “gear change” to reduce the historically high tax burden, possibly axing inheritance tax and reducing income tax, according to the Telegraph.
Both reports emerged as he struggles to turn the tide in favour of his party as Labour sits around 20 points clear in the polls.
The Times said that ministers are considering government support for longer fixed-term mortgages to reduce the size of deposits for first-time buyers, while a resurrected help-to-buy scheme was also said to be on the table for the spring Budget or the Conservative election manifesto.
Asked by the Times whether the Conservatives would be able to go into the election expected next year promising more help for first-time buyers, Mr Gove said: “Oh, yes, we must. Definitely.”
But Labour was also drawing up battle lines across Britain’s unforgiving housing market, with shadow minister Matthew Pennycook also promising on Wednesday that Labour would “slash the discounts” on the Tories’ Right to Buy scheme for long-term inhabitants of social housing.
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