The Treasury is to consult on a range on new measures to crackdown on promoters of tax avoidance schemes as it seeks to boost tax revenue.

Chancellor Rachel Reeves told MPs today that GDP growth should pick up to 1.9% next year but said that the forecast for GDP growth this year has been halved by the OBR from 2% to 1%.

CPI inflation dipped to 2.8% in February in a boost for the Chancellor who will today present her Spring Statement in the commons.

There will be a 'Spring Statement silence' on pensions this week when the Chancellor provides her latest update on the UK’s finances on Wednesday (26 March), pension provider Aegon has predicted.