Chancellor Gordon Brown is due to deliver his 10th Budget since Labour came to power in 1997.
The Consumer Credit Bill has been taken to the House of Commons in an effort to bring the country's lending measures in line.
Government MPs have scuppered key changes to the Pensions Bill passed a day earlier by the House of Lords, which would have forced the government to scrap the rule forcing pensioners to purchase and annuity at age 75.
The Government has again been defeated on key issues regarding amendments to the Pensions Bill, following the House of Lords' backing to scrap the rule forcing pensioners to buy an annuity at age 75.
Companies could be prevented from closing pension schemes after a takeover, and may be expected to discuss occupational pension scheme changes with staff, according to an MPs debate held in the House of Commons on Tuesday afternoon.