The Budget is the major financial and economic report made each year by the Chancellor of the Exchequer.
The Treasury has produced a video explaining a bit more about the history of this annual event:
It reveals that “budget” comes from the term “bougette” – a wallet in which either documents or money could be kept.
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.