https://www.bbc.co.uk/newsBudget news.
As we just reported, today is not just about National Insurance and income tax - although they are likely to make the headlines.
As well as tax cuts, chancellor is also considering how to raise revenue, including
falsea new tax on vapes.
Currently, vaping products are subject to VAT - but unlike tobacco, they do not have a dedicated levy.
Air travel for business class passengers could become more expensive with a possible an increase in Air Passenger Duty for that class of traveller.
Another possibility is a windfall tax for oil and gas companies. This was introduced in 2022 and is due to run until 2028. Reports suggest it could be extended.
The government is also reportedly exploring the option of scrapping the tax status on non-doms - people who live in the UK, but whose home for tax purposes is overseas.
Non-domiciled people, often referred to as non-doms,
only pay UK tax on money earned in the UK.
