Key Facts

• The Budget is expected to allocate more than £1bn to social and affordable housing in England.
• The additional funding would take the government’s 10-year homes programme above £40bn.
• The government plans to allocate £285m in transitional funding next year to mayors and local leaders, including areas without strategic authorities.
• The Treasury will work with mayors on a £1.5bn borrowing facility expected to begin in 2028.
• The borrowing facility could support housing, high-street projects and transport links.
• The Treasury says the Budget will include more support for small breweries.
• The Sunday Times reported that the Budget may include billions of pounds in new defence spending, with details set out at next year’s spending review.
• Treasury entrepreneurship adviser Alex Depledge announced she would resign, saying start-ups were being treated as a sideshow in economic policy.