Gordon Brown said on Wednesday that his government would present the Budget for 2010 on March 24.

Speaking at Thomson Reuters in Canary Wharf, the British Prime Minister confirmed that the budget would be placed in just two weeks time. For many this is considered as Brown's biggest card before the country goes for the general election in first week of May, just six weeks after the budget is presented.

About the budget proposals, Brown said, "We will do whatever it takes" adding that the government has so far been successful in guiding the country out of the economic turmoil.

However, the biggest problem that Brown's government will face in the upcoming budget is to control and bridge the nation's widening budget deficit. Currently, deficit forecasts are pegged at 12.7 per cent of UK's gross domestic product (GDP).

Meanwhile, data released by the Office for the National Statistics raised its GDP growth forecast for the country to 0.3 per cent from previous estimations of 0.1 per cent. Actually, GDP figures are expected to be published by the end of the next month, just before the general elections.