Labour backbenchers have been cheering it as a win for the most vulnerable in society. In fact it was aimed at the bond markets, says Guardian columnist Aditya Chakrabortty

Chancellor accused of misleading public about reasons for tax rises, with opposition politicians calling for her resignation

Prime minister to give speech after report that some ministers are unhappy over handling of the budget

Labour backbenchers have been cheering it as a win for the most vulnerable in society. In fact it was aimed at the bond markets, says Guardian columnist Aditya Chakrabortty