Here come the reds! Healey heads to deliver Budget vowing to trim energy bills - but is set to drag millions deeper into tax system

Energy bills support could be funded with a raid on banks, despite warnings about the impact on mortgage rates and the financial sector;. The Chancellor could signal a longer-term move to strip green levies from energy bills and de-link the gas and electricity markets;. A scheduled fuel duty hike is expected to be dropped to ease the suffering for motorists;. Labour is dropping Rachel Reeves' plans to slash the cash ISA allowance from £20,000 following a backlash;.

The Budget is said to assume that the Rosebank oil project in the North Sea will be approved, despite resistance from ministers and Labour MPs;. The minimum wage will be increased by 3.9 per cent from April, but Labour looks to have ditched the drive to equalise the rate for under-21s;. Lowest-income pensioners could get a special tax allowance to prevent them being drawn into tax by the state pension rise in April;. Government briefings have suggested there will be a major move on Mr Burnham's devolution drive.