Britain's economic growth will fall significantly short of official forecasts as government cuts take their toll, according to a leading think-tank.
Chancellor George Osborne said he believes the UK economy is "roughly in the right place" ahead of the publication of Q1 GDP figures this morning, as economists predict growth will come in below forecasts.
There is a joke - admittedly not a very funny one - that goes: ask 10 economists the state of the economy and they will give you 10 different opinions.
The Budget is usually a little like Christmas - there is a long wait, you get a few clues about what is going to happen, and then when the day finally arrives it is a bit of a let-down.
IFAonline today brings you LIVE coverage of all the measures in what is being dubbed a 'steady-as-she-goes' Budget package.
The UK economy will grow by 1.7% this year, significantly below previous estimates, George Osborne announced today.
The Chancellor will use Wednesday's Budget to announce the biggest clampdown on tax avoidance since 2004, raising twice as much as the £500m a year predicted when the initiative was launched last December.
The "wrong kind of inflation" will mean the government has to borrow significantly more over the medium term than planned, George Osborne will be forced to admit in the Budget.
Members of the Bank of England court revealed yesterday they are "uncomfortable" with governor Mervyn King's involvement in politics.