According to CoinMeta, British Chancellor of the Exchequer Rishi Sunak is set to announce a prudent budget plan on Wednesday, aimed at helping the UK through difficult times and avoiding putting additional pressure on Prime Minister Boris Johnson's new government. It is expected that banks, gambling companies, and online markets such as Amazon will face increased taxes. This move is intended to support poor families facing high energy bills and to freeze fuel taxes for drivers. Sunak stated his hope to provide the UK with "a bit of breathing room" at a time when the U.S.-led war against Iran is causing inflation. The budget will also detail how the government will grant local mayors more tax control powers and provide over £20 billion in additional support to promote investment in areas such as artificial intelligence, defense, and green energy.