Budget 2013: Allister Heath on Osborne economic plans

The chancellor's "plan has failed" as he was relying on much bigger growth than has materialised, and so the budget deficit was set to rise, said City AM editor Allister Heath.

He debated Wednesday's Budget with Jonathan Portes, director of the National Institute of Economic and Social Research, who claimed it was "basic economic common sense" to take advantage of low interest rates and borrow for short-term investment.

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