UK chancellor George Osborne delivered the government's review on spending today. He spoke of fairness, of bringing the years of ever rising borrowing to an end, of making those with the broadest shoulders bear the greatest burden and of building a country which only buys what it can afford. But what to these mantras really mean in terms of spending and cuts?

To try and answer this question the FT's Sarah Neville is joined in the studio by FT correspondents Chris Cook, Martin Sandbu and Alice Ross.

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