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The chancellor will attempt to bind future governments to maintaining a budget surplus when the economy is growing, he will announce later.

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In his annual speech Mansion House speech on Wednesday George Osborne will outline his plan to limit governments to a balanced budget in "normal" times.

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Mr Osborne first proposed the changes to fiscal policy in January.

The announcement comes amid concerns over the national debt, which has doubled since the financial crisis.

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The chancellor will attempt to bind future governments to maintaining a budget surplus when the economy is growing, he will announce later.

  • Bullet here
  • bullet here
  • buttet here

In his annual speech Mansion House speech on Wednesday George Osborne will outline his plan to limit governments to a balanced budget in "normal" times.

Heading three

Mr Osborne first proposed the changes to fiscal policy in January.

The announcement comes amid concerns over the national debt, which has doubled since the financial crisis.

 

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