The toughest package of tax increases and spending cuts in a generation is expected to be unveiled by Chancellor George Osborne in his first Budget.
He will say the measures, designed to tackle Britain's record deficit of £155bn, will be based on fairness, with the better-off paying more.
It is the coalition government's first Budget, fulfilling the Conservatives' pre-election pledge to hold a Budget within 50 days of coming to office.
One-Minute World News 
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