The doubling of oil prices ... is creating a more difficult environment in which to act.

Britain was set to repeat the boom-bust cycle that led to 15 per cent. interest rates for one whole year in the early 1990s.

We've got to be explicit that the road to greater economic success does not lie in this cosy assumption that you can move from a single market through a single currency to harmonising all your taxes and then having a federal fiscal policy and then effectively having a federal state.

Our approach is to reject the old vicious circle of the '80s-rising debt, higher long-term interest rates, higher debt repayment costs, lower growth, higher unemployment, then enforced cuts in public spending. That was the old boom and bust.

Britain and Pakistan will jointly fight the menace of terrorism .. Both the countries are facing a common threat of terrorism and we know that Pakistan is even more committed to fighting this menace

Think for a moment: what is the British equivalent of the U.S. Fourth of July, or even the French 14th of July for that matter?

This is a Budget for Britain's future to secure fairness for each child and invest in every child