Advertisement

  1. ITV Report

Do George Osborne's figures add up?

George Osborne walks with Danny Alexander as he leaves the Treasury to deliver the half-yearly budget statement. Photo: Andrew Winning/PA Wire

Chancellor George Osborne's Autumn Statement was mainly about reducing spending but there were incentives too:

  • Corporation tax will be cut by one per cent to 21 per cent in 2014.
  • There will be an extra £1 billion to build roads, including upgrading the A1, A30, and M25.
  • Another £1 billion will be used to build 100 free schools and academies and expand successful schools.
  • The upper limit for ISA contributions will be raised to £11,520.

So there was a giveway element in the statement - but having missed his targets before, do Mr Osborne's figures add up this time?

ITV News Business Editor Laura Kuenssberg reports:

More on this story