The paper reports Mr Osborne could use his Budget speech to project a £16bn increase in public spending, promise £7.5bn in tax cuts and still hope to run a budget surplus in the last year of the next parliament. Other spending giveaways could be an increase from £5,000 to £8,000 a year in the amount in small cash donations on which charities can claim a gift aid top-up and loans of up to £25,000 for PhD students in an attempt to convince people to take up postgraduate research