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Budget 2015: Low inflation boost for Osborne

The BBC has learned that low inflation means the Chancellor will have an extra £6bn a year to help reduce spending cuts and the national debt in Wednesday's Budget.

It means that austerity might be less severe than previously thought under a future Conservative government.

But George Osborne's plans still include much bigger cuts than Labour.

The BBC's economics editor Robert Peston reports.

  • 17 Mar 2015
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