Chancellor reveals UK Budget

<p>The chancellor has revealed his latest Budget.</p>

The FTSE 100 has dropped after chancellor George Osborne gave his latest Budget in the House of Commons today (March 20th).

Measures including extra investment in infrastructure and a scrappage on beer duty were announced in parliament by the chancellor, but the markets responded negatively.

Despite a rally early in the afternoon, the FTSE was recorded at 15:30 GMT at 6,422.31, a drop of almost 20 points on the start of the day.

Mr Osborne claimed his Budget was aimed at those members of the public who want to "work hard and get on".

But general secretary of the Trades Union Congress Frances O'Grady was critical of the Budget, stating the chancellor had provided "the wrong answer to the wrong question".

She said the UK is facing a "jobs, growth and living standards crisis" and the Budget is not going to change that.

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