Osborne: Budget for 'Britain that wants to be prosperous'

Ending his statement, the Chancellor described the statement as a Budget for "a Britain that wants to be prosperous, solvent and free".

The Chancellor George Osborne has finished delivering his Budget.

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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.