In the Queen’s speech, the Government also promised an extra £1bn of funding for councils to “ensure that the social care system provides everyone with the dignity and security they deserve and that no one who needs care has to sell their home to pay for it”. So we can expect to see this make its way into Mr Sunak’s speech on Wednesday.
The chancellor could also end the freeze on fuel duty, which was implanted for a decade, despite warnings against raising this.
And he is expected to announce an increase in spending on flood defences, rising from from £2.6bn to £5.2bn between 2015 and 2021.
Me Sunak will tell MPs the additional money will give protection to 336,000 homes in England and allow 2,000 new flood and coastal defence schemes to be built.
Entrepreneurs’ relief could be abolished or reformed in this budget as well.