Average earnings by 2021 also look set to be nearly £1,400 lower than forecast in March 2016, the Institute for Fiscal Studies has warned.

Workers face two 'lost decades' without earnings growth

The prime minister said she wants to "reignite the dream of home ownership" by abolishing stamp duty for first-time buyers.

Theresa May defends first-time buyers stamp duty cut

The chancellor cut duty on homes sold up to £300,000 in his Wednesday Budget, a boon to young people hoping to get onto the property ladder.

Philip Hammond's financial commitment to the NHS in this year's Budget falls short of what is needed according to hospital bosses.

An overview of the reaction to key policies in Chancellor Philip Hammond's 'forward thinking Budget'.

The biggish politics from the Budget is that there will be a £6bn stimulus in the year before Brexit and £10bn in the year after Brexit.

Stamp duty is to be abolished for first-time buyers on properties up to £300,000, Chancellor Philip Hammond has announced in his Budget.

Chancellor Philip Hammond has delivered his Budget which he believes will help build "a Britain fit for the future".

Stamp duty for all first-time buyer purchases up to £300,000 is to be abolished immediately, Philip Hammond has announced in his Budget.

The Chancellor will conjure up more homes; better roads (complete with driverless cars); improved trains and extra funding for the NHS.

The Chancellor said he will use the Budget to "invest to secure a bright future", in a signal he is ready to usher in the end of austerity.

If the budget is dull that may not be good for May, as this government is in need of a "narrative" - other than the chaos of Brexit talks.

The Chancellor will promise to fix a glitch, which means repayments continue to be taken for up to 12 months after the loan is paid off.

The proposal will see the introduction of a discounted railcard for 26-30-year-olds, as the government looks to lessen the cost of living.

The Chancellor says action is needed to ease the housing crisis so "the next generation can enjoy the same opportunities their parents did."