George Osborne yesterday delivered his first budget since being appointed Chancellor of the Exchequer last month. In it he detailed how the new coalition government will set about tackling the country's huge fiscal deficit by means of public spending cuts, a higher rate of VAT, and other taxes that will more specifically impact the City. Financial News looks the ramifications of the budget on our core sectors and gathers responses from within the financial services industry.

Chancellor takes a strategic approach http://bit.ly/d5G7Uy