BBC News Budget 2012

RSS feed
10 January 2014 Last updated at 12:04

Higher rate tax 'for 5m by 2014'Adding machine printouts

More and more people on "relatively modest salaries" are being dragged into becoming higher-rate taxpayers, Budget analysis suggests.

George Osborne, right, being interviewed on BBC Radio 4's Today programmeRow over tax 'raid' on pensioners

The government defend plans in the Budget to change tax allowances for the elderly, amid claims they amount to a raid on pensioners' incomes.

Osborne cuts 50p top rate of tax

George Osborne cuts the 50p top rate and the amount of income tax millions of lower earners pay - but pensioners face a future hit from the Budget.