With the announcement of the budget mere hours away, George Osborne is expected to announce measures to stimulate industry growth and help middle and working classes.

Expectations surrounding the budget include the announcement of a tax-free allowance of £10,000 and the creation of new capital spending projects designed to stimulate the economy with £2.5 billion in funding.

There is speculation that the budget will also seek to help SMEs on top of the government’s current focus on SME procurement.

The budget will also see a 1 percent Whitehall budget cut over two years, as the government attempts to prevent the UK from entering into a triple-dip recession.

@sourcingfocus will be live tweeting on the 2013 budget today, to be delivered by the Chancellor of the Exchequer at 12.30pm

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