What does the UK budget show us about global debt challenges?

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  Just what to do with major economies mounting debt piles?

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  Those are my choices.

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  Not austerity, not reckless borrowing, but cutting the debt,

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  cutting waiting lists and cutting the cost of living.

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  That's World Business Report from the BBC World Service.

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  I'm Will Bain and as the UK government unveils its latest budget,

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  we'll be taking a look at how debt is increasingly dictating our economic decision making.

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  Also on the programme today,

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  the live streaming shopping firm valued at $11 billion and the row know really about pyjamas on planes.

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  Yeah,

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  pretty lively scene in the UK's parliament on Wednesday as the country's finance minister Rachel leaves to live at the annual budget.

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  This budget will maintain investment in our economy and in our national health service.

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  I said I would cut the cost of living and I meant it.

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  The budget, though,

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  for the second successive year saw the UK's government go hunting for tax rises

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  as it tried to protect budgets from public services being cut.

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  Those are my choices.

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  Not austerity, not reckless borrowing, but cutting the debt.

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