'Elderly can have up to £118,000 of assets before having to pay for social care'

The elderly can have up to £118,000 of assets and not be required to pay for social care, this is up from the £23,000 limit.

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The Budget 2013

The Chancellor George Osborne is announcing the Budget for the next financial year. It will affect families and businesses in the Midlands. ITV Central's Political Correspondant, Alison Mackenzie brings you the latest from Westminster.