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It might be an age thing, but the pace of life these days can be dizzying. There was a time when budgets rarely unravelled, and even bad measures were seen through to the bitter end. Then they started unravelling, but not usually for a few weeks.

Philip Hammond is likely to announce plans to overhaul the tax system for the self‑employed in next week’s budget.

A Conservative manifesto pledge to abolish national insurance contributions for low-paid self-employed workers is to be delayed for a year, saving the Treasury £200 million.