George Osborne hailed the success of the coalition’s austerity plan as he delivered his fifth Budget today - insisting the Government will be back in the black by 2018.
The Chancellor said the Office for Budget Responsibility (OBR) was now predicting a 0.2 per cent surplus in 2018/19, meaning that he could deliver boosts to hardworking families and savers.
But he stressed that he would not loosen the purse strings despite economic growth being revised up, and the Government would keep “putting Britain right”.
“I can report today that the economy is continuing to recover - and recovering faster than forecast,” Mr Osborne told MPs.
“We set out our plan. And together with the British people, we held our nerve. We’re putting Britain right.
“But the job is far from done. Our country still borrows too much. We still don’t invest enough, export enough or save enough.
“So today we do more to put that right. This is a Budget for building a resilient economy.
“If you’re a maker, a doer or a saver, this Budget is for you.”
For full Fylde coast reaction, see tomorrow’s Gazette.