Budget 2013: Osborne holds steady as growth forecast cut

Chancellor George Osborne has insisted his economic medicine is working, despite being forced to slash growth forecasts for the UK in his Budget.

In a package of measures aimed at "those who want to work and get on" he cut corporation tax to 20% and froze petrol duty rises.

He also cancelled alcohol duty rises, cut beer by 1p a pint and unveiled measures to boost the housing market.

Labour said it was a "more of the same Budget from a downgraded chancellor".

Nick Robinson reports.