Cameron: Tax cut on the way for millions in the UK

Speaking during Prime Minister Questions, ahead of the Budget statement, David Cameron said:

In two weeks' time there will be a tax cut for 24 million people in this country as we raise the amount of money you can earn before you pay tax.

We will have taken over 2 million people out of tax altogether. We've frozen the council tax and cancelled fuel duty increase after fuel duty increase and we are legislating to put customers on the lowest electricity tariff.

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Govt: Economy 'could be worse'

The Chancellor George Osborne has told ITV's Daybreak that the country's economic problems "could be a lot worse", referring to the situation in Cyprus, as he defended his Budget plans to kickstart the recovery.