What is the Budget and what could be in it?

The run-up to the Budget typically generates speculation about what might be in it, which the government is trying to keep to a minimum this year. Healey and Prime Minister Andy Burnham face a difficult balancing act, trying to offer more support to households and meet commitments on defence spending, while also sticking to Labour's manifesto commitments on tax and the government's self-imposed fiscal rules. The previous chancellor, Rachel Reeves, set out two main rules, which the new leadership