Osborne unveils tax breaks for fracking

George Osborne has unveiled tax breaks for controversial fracking in a bid to create the "most generous" regime for shale gas in the world.

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Osborne in Kent

The Chancellor George Osborne was in Kent today to defend the changes he's made to the benefits system. He said tax cuts mean 90 per cent of people will actually be better off. And if some people lose out because of welfare reform - that's just inevitable.

The system, he said, is fundamentally broken. From Sittingbourne, our political correspondent Phil Hornby reports. His report includes an interview with Sandra Arnold, who receives benefits.

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Osborne: 'This month we will make work pay'

Chancellor George Osborne has defended welfare and tax changes that are being introduced this month.

In a speech, he said: "For too long we've had a system where people who did the right thing, who get up in the morning and work hard felt penalised for it. While people who did the wrong thing got rewarded for it. That's wrong.

Chancellor George Osborne said: "This month we're going to put things right".

"So, this month we're going to put things right. This month, nine out of ten working households will be better off as a result of the changes we are making. This month we will make work pay".

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Cameron: Tax cut on the way for millions in the UK

Speaking during Prime Minister Questions, ahead of the Budget statement, David Cameron said:

In two weeks' time there will be a tax cut for 24 million people in this country as we raise the amount of money you can earn before you pay tax.

We will have taken over 2 million people out of tax altogether. We've frozen the council tax and cancelled fuel duty increase after fuel duty increase and we are legislating to put customers on the lowest electricity tariff.

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