Budget Confirmed for 12:30 Start

Chancellor George Osborne has confirmed that he will announce his emergency Budget statement on Tuesday 22 June at 12.30pm.

The address has been brought forward by three hours from its original time of 3:30pm.

Speaking at the Treasury’s offices Mr Osborne said he wanted a Budget that would “show that Britain can live within its means and…provide the solid foundation for a private sector recovery.”

He added that Treasury chief secretary Danny Alexander would meet Cabinet colleagues this week to agree £6bn of cuts in this year’s spending.

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