George Osborne unveils plans for permanent budget surpluses - video

George Osborne announces plans for permanent budget surpluses designed to cut the national debt. Speaking during his annual Mansion House speech on Wednesday, the chancellor says he will introduce a 'new settlement' that will allow the government to borrow only in exceptional circumstances and ensures successive governments run a budget surplus. Treasury figures show that in only seven of the past 50 years have governments run a budget surplus Continue reading...