Budget 2016 set for 16 March next year

Chancellor George Osborne expected to maintain fiscal course set in July's budget and last week's autumn statement

George Osborne will stage his first full budget of the parliament on 16 March next year as he seeks to steer the public finances into the black by 2020.

The chancellor, who already has an emergency budget and autumn statement under his belt since the Conservatives won the election in May, is expected to maintain a course that will generate a 10bn surplus by the end of the parliament.