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Summary

  1. MPs back George Osborne's fiscal charter by a majority of 62 following a heated Commons debate
  2. As many as 20 Labour MPs defy the party leadership by abstaining rather than opposing the plans
  3. Speaking in the Commons, shadow chancellor John McDonnell admits his u-turn on the issue was "embarrassing"
  4. David Cameron faces Jeremy Corbyn for second time at Prime Minister's Questions
  5. The two clash over tax credits and affordable housing