George Osborne MP, First Secretary of State and Chancellor of the Exchequer holds up the Red Box otherwise known as the Budget Box to announce his annual budget plans.

George Osborne MP presents the Red Budget Box to the media in Downing Street

London, UK. 16 March, 2016. George Osborne MP, First Secretary of State and Chancellor of the Exchequer holds up the Red Box otherwise known as the Budget Box to announce his annual budget plans.

Photographer: Pete Maclaine \ Images Live