Budget box
Media playback is unsupported on your device
Video

Budget 2012: George Osborne cuts 50p top rate of tax

George Osborne's third Budget is already proving to be his most controversial, with a cut in the top rate of income tax and changes to allowances affecting millions of pensioners.

The chancellor insisted his Budget would back working families.

Nick Robinson reports.

  • 21 Mar 2012
Go to next video: Over-65s' tax-free income freeze