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.

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Papers on the 'drown your sorrows' Budget

The Independent shows the Chancellor removing a bottle of beer from a top hat on the front page Credit: The Independent

Both the Guardian and Independent papers have splashed the Chancellor's cut to beer duty on their front pages after George Osborne presented his fourth Budget.

Guardian headline: 'Drown your sorrows' Credit: The Guardian

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