Chancellor George Osborne
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Budget 2012: Osborne defends pensioner tax allowance plans

George Osborne has defended plans set out in his Budget to end age-related tax allowances for pensioners.

It will lead to 4.4m pensioners being an average £83 a year worse off, the HMRC says.

Speaking on BBC Breakfast, he denied the claim, saying no pensioner would be worse off in cash terms, highlighting a "record increase in the basic state pension".

BBC Budget 2012

  • 22 Mar 2012
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