Autumn budget 2017: a sneak peak inside the chancellor’s red box …

A cut in stamp duty for first-time buyers? Lower student loan interest rates? Out with the winter fuel allowance? We look at next week’s likely announcements

Don’t expect much in the way of fireworks when the chancellor reveals his second budget on Wednesday lunchtime. Philip Hammond’s hands are manacled by Brexit uncertainty, public finances remain tight, and the outlook is worsening as forecasts for future economic growth are slimmed back. Yet, in a bid to woo younger voters, there is widespread anticipation of a package of giveaways to students and first-time buyers, while conventional taxpayers will be told that they are in line for a £12,500 personal allowance – though quite when remains to be seen.

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