Budget 2014: George Osborne's tax cut dilemma

The economy is improving but the chancellor cannot afford to be too generous on budget day - and political concerns over the 2015 election also play a part The clock is ticking towards the 2015 general election, with only two more budgets before polling day in May next year. The chancellor, George Osborne, has a big decision to make: does he use the improving state of the economy to cut taxes in this week's budget, or does he wait until closer to the election? Here are some of the themes to look...