Budget 2012: 'Unfair' and 'out of touch', says Balls

The Shadow Chancellor Ed Balls has criticised the coalition's Budget as "unfair".

George Osborne has defended plans to end age-related tax allowances for pensioners, however the HMRC says 4.4m pensioners will be on average £83 a year worse off.

Speaking on BBC Breakfast, Ed Balls said the Chancellor was "completely out of touch".

BBC Budget 2012

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