The outgoing Bank of England Governor Sir Mervyn King and his successor Mark Carney support the new remit for the Monetary Policy Committee outlined by the Chancellor.
Sir Mervyn wrote to George Osborne saying, "It is, in my view, a sensible change to previous remits and contains useful improvements to the framework".
A round up of the press' reaction to George Osborne's Budget 2013.
The borrowing figures announced by the Chancellor today were as bad, if not worse, than expected.
Conservative sources in the coalition said there will be no more welfare savings in the 2015/16 spending round.