Sugar tax on soft drinks unveiled in Chancellor Osborne's Budget

George Osborne has set out his eighth budget as chancellor, saying it is one for the next generation.

He announced a package of measures for young people, savers and small businesses.

The big surprise was a sugar tax on soft drinks, to be introduced in two years' time.

The chancellor struck a note of caution, telling MPs that further cuts in spending were necessary and growth forecasts were down again.

James Landale reports.