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Transcripts For BBCNEWS BBC News At Five 20170308

Were at westminster in our Budget Studio on the day chancellor Philip Hammond delivered his first budget. As the government prepares to start the process of leaving the eu within weeks the chancellor said the budget prepared britain for a brighter future. Borrowing forecasts have been revised downwards for the next few years. Theres more money for social care in england and a controversial move to raise National Insurance contributions for Self Employed workers. Labour accused the chancellor of producing a Budget Of Utter Complacency which ignored a crisis in Public Services. Well have details and reaction from westminster and beyond. But first lets take a look at those key announcements made by the chancellor earlier this afternoon. The chancellor announced a 1 increase in National Insurance bills for many Self Employed people plans that would raise £145 million a year by 2021 22 a pledge which appears to contradict a conservative manifesto pledge not to raise National Insurance. He

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