Business Secretary Vince Cable 'content' with Budget

Business Secretary Vince Cable says he is ''content'' with the Budget as a whole, as George Osborne cuts the tax rate for earnings over £150,000, saying it raised "next to nothing".

He is also going to raise the threshold at which people start paying tax to £9,205, leaving millions of working people over £200 better off.

Liberal Democrat Vince Cable said his party had been pressing for the chancellor to reduce tax for low and middle income families.