Fresh austerity measures signalled in Osborne's eighth budget

George Osborne eyeing cuts of 4bn but will plough on with pet projects including the academisation of all schools

George Osborne will announce fresh austerity measures on Wednesday as he delivers his eighth budget against the backdrop of a darkening economic outlook.

The chancellor has signalled that he will make spending cuts of 4bn, as he battles to hit his self-imposed target of delivering a surplus on the public sector finances by the end of this parliament.

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