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Why has George Osborne abandoned a key economic target?

Why has George Osborne given up on restoring government finances to a surplus by 2020?

Chancellor George Osborne has abandoned his target to restore government finances to a surplus by 2020, the BBC has learned.

Tax rises and spending cuts will be needed to deal with the "shock" to the UK economy caused by leaving the EU, Chancellor George Osborne says.

Chancellor George Osborne says the UK is in "a position of strength" and indicates there will be no immediate emergency Budget after the Brexit vote.

Chancellor George Osborne has insisted that the UK is in a strong position to "deal with the consequences" of the vote to leave the European Union.

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