Danny Alexander and George Osborne
Media playback is unsupported on your device
Video

Budget buzzwords and jargon: Debt, deficit, and deeds

Many watched George Osborne deliver his Budget on Wednesday, but how many understood every last word?

With help from author John Lanchester, Daily Politics reporter Adam Fleming looks at debt and deficit, and just what are diverted profits tax or deeds of variation?

More: Follow @daily_politics on Twitter and like us on Facebook and watch a recent clip and watch full programmes on iPlayer

Go to next video: Alexander heckled on Lib Dem 'Budget'