Nick Robinson
Media playback is unsupported on your device
Video

Budget 2014: Robinson on Osborne tax and annuities news

The most complicated and profound changes from the Budget were the announcements on annuities, said the BBC's political editor.

Nick Robinson said there was "a big healthy dose of electoral politics" in some of George Osborne's changes.

And he added there was a "lot of populism" in the speech, with announcements about bingo tax, alcohol duties and a package to build more houses.

Go to next video: The 2014 Budget in four minutes