Chancellor George Osborne is all set to unveil his last budget before the general elections.
The chancellor has promised "no giveaways" or "gimmicks" in his 18 March budget speech, BBC reports. The Labour party had stated that the Conservatives were planning "more extreme spending cuts" after the general election.
In his final budget speech before the election, Osborne is slated to announce pension reforms, besides plans to scrap the annual paper tax return in favour of a drive towards digital records, BBC reported. He further plans to increase the personal income tax allowance.
This is the last chance for the Tory government to display its plan of action if elected back to office.
Osborne will give his speech at the House Of Commons on Wednesday afternoon after Prime Minister's Questions.
When is the 2015 budget speech?
George Osborne will present his budget plan before the House of Commons at 12.30pm local time on Wednesday.
Before the budget speech David Cameron and Ed Miliband will hold a discussion over "long term economic plan" for the country.
Watch Budget 2015 Live on TV
BBC Two will telecast Prime Minister's Questions followed by Osborne's budget speech as part of their Daily Politics programme. BBC will start its live debate on the budget starting 11.30 pm local time.
Listen to the Budget Speech on Radio