THE REAL DEAL
Will this be the Budget for under-35s? Hammond set to make a raft of changes next week
NEXT week chancellor Philip Hammond will take the short trip from Downing Street to the House of Commons to present his latest Budget.
But with fears over the rising cost of living, housing, and student debt, is the chancellor about to give some freebies away to the younger generation?
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Why is the Budget happening next week?
Traditionally, the Budget has always taken place in March but Hammond decided to scrap this in 2016.
From now on, it will take place in November, with the idea being that whatever changes are announced can be understood well in advance of the next tax year which begins in April.
The Autumn Statement will now be presented in the Spring.
What will the Budget likely include?
No one will know for sure what the chancellor plans to unveil until the day itself but here's what The Sun Online thinks what might happen - and its good news for those for the under-35s.
Freeze on tuition fees
Prime Minister Theresa May announced at the Tory party conference in October that the Government will look at freezing university tuition fees at £9,250.
She also revealed that the level at which students start paying back the loan will rise from £21,000 to £25,000.
But it was reported in September that the chancellor was thinking of slashing the cost of some degrees to a maximum of £7,500 ahead of the Budget, so their could be more changes coming next week.
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Stamp duty to be cut for first-time buyers
Those looking to buy their first home are increasingly struggling to scrape together enough for a deposit - the average deposit in London has now reached an eye-watering £96,000.
And even if they do, buyers then have to find even more money to pay Stamp duty.
Critics say the controversial tax is adding strain to the housing market.
New figures from Santander this week estimated it has stopped 146,000 property deals from happening over the past five years.
Its expected Hammond is going to take some action to ease the burden - either by cutting it completely or reducing it significantly for first-time buyers.
Help to Buy and house building
Another set of plans announced at the Tory conference, Theresa May confirmed the Government would be putting an extra £10billion into the Help to Buy Scheme.
Under Help to Buy, buyers can get a home with as little as a 5 per cent deposit, with the Government lending you up to 20 per cent of the property's value.
It's only available on new build properties worth less than £600,000
The details of the new funding are expected to be revealed next Wednesday.
Hammond is also rumoured to be keen to find extra money to kick-start a new house building programme.
This could include changing planning rules and new training schemes for brick-layers and electricians.
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New railcard for the under 32s
In another effort to try and win over young voters, the chancellor is expected to announce that the popular 16-25 year old railcard will be extended to everyone under 32.
The card costs £30 but knocks a third off the cost of train journeys - saving passengers £15- a year on average.
More tax-free earnings
The personal allowance is how much each of us can earn without paying tax.
For the current tax year that's £11,500 for those earning £100,000 - that's most of us.
The Government has previously said it aims to hike the allowance to £12,500 by 2019/20, so we'd expect something to be confirmed by Hammond if that's still the plan.
Diesel premium tax and fuel duty
In bad news for motorists, Hammond is considering slapping a £200 levy on all sales of new diesel cars in an effort to get drivers to switch to more environmentally friendly models.
Road tax may also rise and the idea has provoked fury from motoring groups with the RAC accusing the chancellor of a "knee-jerk reaction."
The Sun Online reported this week that Hammond is being urged to freeze fuel duty by members of Government partner's the DUP.
Cigarettes and alcohol
It was bad news for smokers in the March Budget, as a pack-of-twenty jumped by 35p and the price of rolling tobacco rose by 40p.
The price of a pint also went up by 2p - the first rise in five years.
We'll find out next week if the chancellor decided to raise the price of booze and fags again.
National Living Wage raise
The National Living Wage - previously known as the National Minimum Wage - rose from £7.25 to £7.50 an hour in April.
That works out at £600 a year more for those working 38-hours a week.
The ambition is for those receiving the wage to be paid £9 an hour by 2020, so Hammond could announce a further bump on Wednesday.
Pension tax relief boost
Saving for your retirement can be one of the most important things you can do.
Tax relief rules means you can boost your pension savings with the help of the government.
But this applies to the highest-earners as well as basic-rate taxpayers, and there are suggestions the chancellor may take away some of these perks for the most wealthy to help lower earners.
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