Chancellor Rishi Sunak has pledged to address the UK's economic vulnerabilities through a mixed programme of heavy investment and increased taxation.

The chancellor of the exchequer George Osborne had pledged a Budget for growth, but yesterday afternoon's offering has received a hostile reception.

Chancellor George Osborne has promised "a laser-like focus" on raising productivity and living standards in today’s budget, the first all-Conservative Budget since 1996.

Chancellor George Osborne has unveiled the Conservative government’s 2016 budget

Christopher Kinsella, acting chief executive at the Chartered Management Institute (CMI) proclaimed the Chancellor’s statement today a “budget for business”.