Budget 2012 (UK Budget 2012)
Osborne attacked for Budget 'granny tax' (PA)
Osborne attacked for Budget 'granny tax'

The chancellor has insisted that pensioners will be better off thanks to his 2012 Budget, despite mounting criticism of his £1 billion "granny tax" raid.

Mr Osborne's decision to scrap age-related allowances introduced by Winston Churchill in 1925 has been condemned as "outrageous" by older people's groups.

- Cameron under pressure to reveal tax set-up
- Greggs wages war on Osborne's half-baked Budget

budget news round-up
Stock market and currency prices
6,750.21
-5.42
14,748.17
+27.25
3,561.74
-1.31
15,335.28
-19.12
3,496.43
-2.54
15,381.02
+20.21
1.52
-0.01
1.18
-0.01
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