Chancellor Rishi Sunak will promise to use "fiscal firepower" to protect jobs and livelihoods when he unveils his Budget.
Sunak is expected to set out a three-point economic plan focused on supporting people through the Covid-19 pandemic, fixing the public finances and building the future economy.
He will vow to do "whatever it takes" to help businesses and people through this "moment of crisis", amid calls to extend the furlough scheme while lockdown measures remain in place.
The Chancellor will tell MPs: "We're using the full measure of our fiscal firepower to protect the jobs and livelihoods of the British people."
Sunak is expected to add: "First, we will continue doing whatever it takes to support the British people and businesses through this moment of crisis.
"Second, once we are on the way to recovery, we will need to begin fixing the public finances - and I want to be honest today about our plans to do that.
"And, third, in today's Budget we begin the work of building our future economy."
There are announcement expected on the furlough scheme, self-employment and universal credit and stamp duty.
Here's how to watch Sunak's speech.
What time is the Budget?
Rishi Sunak will take to his feet at around 12.30pm after Prime Minister's Questions in the House of Commons.
His statement to MPs and the public is expected to last around an hour with the main focus being on how the country balances the books following the coronavirus pandemic.
For the first time he will take questions from journalists and the public at around 5pm tonight.
Where can you watch the Budget?
The Daily Record will be covering the main stories from the Tory Chancellor's statement on our website.
It will also be aired live on the BBC News Channel and Sky News.
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