Chancellor to deliver Budget on March 20

Chancellor of the Exchequer George Osborne delivering his Autumn Statement Credit: Press Association

The next Budget will be on Wednesday March 20, the Chancellor told MPs in the Commons today.

George Osborne will lay out the Government's tax and spending plans for the 2013/14 financial year.

Speaking at Treasury Questions in the Commons, Mr Osborne said: "Budget 2013 will be on Wednesday March 20."