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Budget anticipation

It’s Budget day tomorrow and the Citizens Advice news team is getting ready to respond to anything George Osborne might have up his sleeve. The Chancellor has pledged that there will be ‘no giveaways, no gimmicks’ in the red box. That said he has already revealed plans to further relax pension rules and allow people who have already bought an annuity to swap their fixed annual payments for cash, and in the papers this morning it is suggested he will allow parents to pass a main property worth up to £1m to their children without paying any inheritance tax.