The chancellor lays out his plan to help the U.K. recover from the worst slump in 300 years, by extending support for jobs and grants to businesses.

Former chief secretary to the treasury David Gauke tells Bloomberg Westminster's Caroline Hepker and Roger Hearing it's too early to begin increasing taxes, but income tax is a better way to deal with the deficit than corporation tax.

Meanwhile Professor Jagjit Chadha, director of the National Institute of Economic and Social Research says the recovery must be helped by building a more equal economy for the other side of the crisis.

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