There has been much speculation about some changes to Universal Credit appearing in the Budget Statement today. A possible change to the taper rate of Universal Credit is one rumour. This would mean that those who are working and still in receipt of Universal Credit would be able to earn more from a wage, before it reduces their Universal Credit.

Another area where changes are expected to be announced today is Student Loans.

Listentotaxman will keep you up to speed with live Twitter updates this afternoon, as changes are announced. We will also produce a Budget Summary article later today.