Budget 2013 - Leaking left right and centre

Wednesday 20th March at 12:30 Osborne will stand at the dispatch box and deliver his fourth budget of this Parliament. He is probably hoping not to have a repeat of the 'Omnishambolic' budget which he faced last year with the now infamous 'Pasty Tax'. Before Wednesday's details are announced it may be helpful to look at what Osborne may whip out in the Commons designed to not only improve the state of the British economy but the electoral fortunes of the Conservative Party.

The Budget itself used to be a surprise to many until the culture of leaking the budget came about. So with the Budget approaching quickly, what may it contain after sweeping the media?

Budget 2013 - What it may contain

• Retain commitment to austerity
• Osborne is likely to concede that economic growth will be lower and government borrowing will be higher
• Structural deficit will take until 2017-2018 to remove
• Announcements of an expansion of Monetary Policy
• Quicker introduction of the flat tier pension
• Increase in personal allowance form £8105 to £9400
• Reduction of top rate of tax to 45p
• Further reduction in Corporation Tax to around 20p
• Closing of tax loopholes
• Postponing of the 3p fuel duty increase
• Possible announce alcohol related prices increases above rate of inflation

Scott Thomas is a student of Government and Politics.