Chancellor George Osborne said he has "found" the £12 billion of benefit cuts promised in the Tory election manifesto.
Measures expected to be announced in Wednesday's budget include cutting the amount of social housing cash available to council and housing association tenants, slashing the benefits cap to £23,000 a year in London and reducing funding to the BBC by £650 million a year.
Chancellor George Osborne looks set to cut the amount of social housing cash available to council and housing association tenants, according to reports.
Osborne is expected to use his summer Budget to clampdown on taxpayer-funded subsidies for social housing tenants who earn more than £30,000 per household, or £40,000 in London, meaning they will have to pay a market or near market rent in future.
Currently the earnings cap at which housing associations and local authorities are able to charge tenants market rents is £60,000.
The housing subsidy cut is expected to affect 9 % of people in England who currently rent at lower than market rents and is hoped to help the government raise an extra £50 million a year by 2018-19.
The Democratic presidential candidate may also have shown his cards on his choice of running mate.
The US president also shared a post on Twitter accusing Dr Anthony Fauci of misleading the public over hydroxychloroquine.
Fears over an impending second wave of coronavirus dominates Wednesday’s front pages.