Follow the Chancellor's key Budget announcements as they happen...
- Osborne says Budget will deal decisively with the country's record debts. "It pays for the past and plans for the future" - Labour had "no credible plan" to reduce the record deficit, Osborne says. - Osborne says "early, determined action has earned us credibility in international markets." - Osborne says everyone will be asked to contribute to reducing the deficit and that everyone will "share in the rewards when we succeed". - "I'm not going to hide hard choices from the British people or bury them in the small print of the Budget document," the Chancellor says. - Osbo...
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