Advertisement

  1. ITV Report

Budget 2012: Reaction from the Anglia region

Mixed reactions to a range of measured announced in the Chancellor's Budget Photo: Andrew Milligan/PA Wire

It was a Budget the Chancellor says is "supporting working families and unashamedly backing business." But is that how it's being perceived here? Some parents look set to benefit, but critics say if you drink, smoke or drive you'll lose out.

This was a budget the Chancellor insisted nobody would lose any money, but inflation means some pensioners will see their budgets squeezed in future years. The tax free personal allowances of the over 65s will be frozen at just above £10,000 which means they'll be worse off because that won't keep pace with the cost of living. A new flat rate pension will be set at £140 - higher earners about to retire will lose out - the less well off gain.

Two Anglia region MPs got exactly what they wanted. West Suffolk MP Matt Hancock is a former advisor to the Chancellor and George Osborne obviously still listens to him as he won his campaign for gambling tax to be changed so that bets are taxed where they are made rather than where the betting company based, often offshore. He says it's great news for the racing industry in Newmarket in his constituency.

And Ipswich MP Ben Gummer has called for personal tax statements, so each of us know exactly how the government are spending our money.

More on this story

  • MP reaction to Budget

    ITV Anglia Political Correspondent Emma Hutchinson reports on how MPs in the Anglia region have being reacting to the Chancellor's budget.