1. ITV Report

What the Budget might mean for families in the Midlands

George Osborne's third budget will be revealed tomorrow Photo: Reuters

George Osborne has always said his main priority is to drive down the deficit.

It’s a hard policy to sell when the economy is flat-lining and would-be entrepreneurs lack confidence.

Will he bow to calls to delay or abandon fuel duty rises due to kick in later this year?

He may not be able to.

He will instead attempt to present his budget as one that helps low and middle earners by increasing the amount they can earn before paying tax.

The Lib Dems have long campaigned for it to be set at £10,000.

How close might he get to that target?

Next month changes to working and child tax credits take effect.

The chancellor is well aware of the accusations that the changes will reduce average incomes by up to £75 a week.

According to Labour Mr Osborne will send out the wrong message if ,as predicted, he will cut taxes for those earning in excess of £150,000 a year.

It could reduce from 50p to 45p in the pound.

He will argue it is essential to boost and encourage growth.

And in interviews at the weekend he promised to come down like a tonne of bricks on high earners acting to evade tax by channelling their finances through accounts offshore.

That could be away to dampen calls for a mansion tax on properties valued at £2million plus.

What might be done to soften the blow of a cut of child benefit to families where one earner is a higher rate tax payer?

It’s a policy that has not gone down well with core conservative voters. We may hear of a plan ‘B’.

Not much joy for public sector workers. Regional pay structures may be on their way to replace national pay bargaining.

Will Sunday trading laws be relaxed in this the Olympic year?

A short term boost to raise the profile of UK plc or a slow but sure path to an open all hours all days culture?

Some Midlands families are already having to choose between putting meals on the table or keeping the heating on.

Tomorrow we find out if the choices get tougher or easier.

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