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Budget 2012: Osborne "will not waver" on borrowing

21 March 2012 Last updated at 13:18 GMT

Borrowing this year will be £1bn lower than forecast in the autumn, at £126bn, Chancellor George Osborne has told Parliament.

Delivering his third Budget, Mr Osborne said it was a package "to reward work" and lift millions of people out of tax.

Budget 2012: Full coverage