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Osborne warning on minimum wage hike

George Osborne warns against "self-defeating" increases to the minimum wage, amid reports that some cabinet ministers want an above-inflation rise.

This year will be "the year of hard truths" with more "painful cuts" needed to help the economic recovery, the chancellor will warn later.

The Chancellor, George Osborne, says the government should plan to build "tens of thousands" of new homes.

The government will have to find billions of pounds of fresh savings from the welfare budget, says the Chancellor, George Osborne.

The Chancellor George Osborne says there is "no quick fix", and that Britain must "stick to the plan".

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