George Osborne
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Osborne: 'Big splurge' not necessary

Government and opposition MPs have been assessing the detail of what the Chancellor, George Osborne, called his "aspiration nation" budget.

Labour said the government should do a "U-turn" on the economy, after the growth forecast for this year was halved to 0.6%.

The party is also pressing for more details about last minute departmental savings which they say prevented government borrowing from being higher this year than last.

However, speaking on the Today programme, Mr Osborne said that he had acted to prevent irresponsible spending.

"We've asked whether it is necessary to have this big splurge in spending in the last two months of financial year... [and] have brought this down to average for other months of the year," he said.

First broadcast on BBC Radio 4's Today programme on Thursday 21 March 2013.

  • 21 Mar 2013
  • From the section UK