Watch LIVE: the Chancellor's Spring Budget Statement

He’s facing calls to ease the financial pressure on people, with inflation at a 30-year high and household energy bills – as well costs at the fuel pumps – skyrocketing.

There has been speculation that the Chancellor could announce a temporary cut in fuel duty.

Boris Johnson recently claimed Sunak is “driving a new age of post-Brexit entrepreneurialism”.

But the Chancellor has also cautioned that factors like global inflation are “somewhat out of my control”.

Watch our livestream from Parliament.