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Osborne: Budget for 'makers, doers and savers'

The Chancellor George Osborne has unveiled measures to benefit pensioners and savers in his penultimate Budget before the election. But he has warned Britain is still set to face years of austerity, despite improved economic forecasts.

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IFS says the Chancellor needs to explain his budget

A respected think tank has urged George Osborne to explain where the big cuts, pencilled in in yesterday's Budget will fall. The Institute for Fiscal Studies says that should be before the election. The Chancellor merely insisted future cuts would be no worse than those already achieved. Labour claimed he could only balance the books by increasing VAT or cutting NHS spending. An attempt by the Lib Dems to deliver an "alternative budget" ended in farce.

ITV News political correspondent Emily Morgan reports:

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