The Spring Statement was supposed to be a fiscal non-event, but instead, it is shaping up to be a mini-Budget. We have been primed, however, to expect only spending cuts – not tax rises (and presumably not tax cuts either). So what can we expect?

So far, Liz Kendall has announced changes to welfare benefits that are supposed to save £5 billion a year by 2029–30, the last – partial – financial year of this parliament.