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Page last updated at 10:35 GMT, Monday, 19 March 2012

Osborne's 'Lawsonian moment'?


There is still two days to go before this year's Budget but we are already getting an unusually generous number of leaks and hints about what will be in it.

The Telegraph today confidently predicts the top rate of tax will be cut to 45p, and the chancellor himself has warned that he'll come down hard on rich homeowners who avoid paying stamp duty.

Political cditor Nick Robinson has been looking at what other plans George Osborne might have for reforming the tax system.

He examines how Mr Osborne is looking to emulate former chancellor Nigel Lawson in 1988 but this time with the obstacles of having no money to spend, being in a coalition and imposing austerity while remaining fair.

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