Huw Edwards
Media playback is unsupported on your device
Video

Budget 2012: George Osborne's biggest announcements

Huw Edwards highlights the headline announcements of George Osborne's 2012 Budget as he goes through the major changes to tax rates and spending plans.

They included cutting the 50p top rate of income tax to 45p, and raising the salary at which child benefit is to be withdrawn.

BBC Budget 2012

Go to next video: The levers to a successful Budget