Why has George Osborne abandoned a key economic target?
The Chancellor George Osborne has abandoned one of his principal economic targets: that of restoring government finances to a surplus by 2020.
It's been one of the Chancellor's key austerity pledges but Mr Osborne said the UK must now be "realistic" in the light of the economic shock post-Brexit.
Economics editor Kamal Ahmed reports.
01 Jul 2016
- From the section Business