Mr Osborne's newly announced plans to scale back cuts and raise taxes brings him in line with policy positions promoted by his Lib Dem coalition partners during the last parliament.
In a surprise move, the Chancellor tells MPs that his much-criticised plans to cut tax credits to working families are to be abandoned entirely.
Will the poorer get poorer after the benefit changes announced by George Osborne? Darshna Soni meets a single mum with eight children, who is worried she could be evicted because of the welfare cap.
George Osborne has pledged to create a "higher wage, lower tax, lower welfare" Britain as he unveiled the first Tory-only Budget for nearly 20 years.
Chancellor George Osborne's family business made £6m in a property deal with a developer based in a tax haven, Paul McNamara and Guy Basnett investigate.