As George Osborne prepares to unveil his penultimate budget before the 2015 general election, the economic picture is far rosier than in previous years. Growth has exceeded forecasts and borrowing is on the wane. But, as FT economics editor Chris Giles explains, the news is not all good.
For more video content from the Financial Times, visit http://www.FT.com/video
Subscribe to the Financial Times on YouTube; http://goo.gl/vUQx5k