Osborne with new case
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Budget: Osborne shows off new budget box

23 March 2011 Last updated at 12:14 GMT

For the past 150 years British chancellors have been carrying their budget papers in the briefcase first used by William Gladstone.

However, that box was retired last year and George Osborne is the first chancellor to try out a new one.

In time-honoured tradition he held it aloft outside Number 11 Downing street for the media this morning.