The EY Item Club predicts next year 's borrowing forecast will be £ 6bn less . George are expected to borrow the money to pay for range of tax cuts . loans worth up to £ 1 m will be able to be inherited tax free , say insiders . Proposal is expected to become key part of the Tory manifesto for election . will not be included in tomorrow 's Budget after being blocked by Lib Dems .
The EY Item Club predicts next year 's borrowing forecast will be £6bn less . George Osborne expected to use the money to pay for range of tax cuts . Homes worth up to £1m will be able to be inherited tax free , say insiders . Proposal is expected to become key part of the Tory manifesto for election . Will not be included in tomorrow 's Budget after being blocked by Lib Dems .