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Labour's shadow Chancellor Ed Balls has reacted to the IFS Budget briefing:
A pensioner has told ITV News that he "will not be better-off" from the government's new measures on pensions.
The Budget has increased the pressure on pensioners income, with the freeze in their allowance and the new 7% stamp duty for buyers of £2 million homes, according to Key Retirement Solutions.
Labour have been granted an emergency question on Budget leaks in the House of Commons at 11.30am this morning, according to Sky News.
Chancellor George Osborne said OAP's are "getting the biggest ever increase in the state pension" as he looks to quell anger over the so-called "granny tax".
Chancellor George Osborne told Daybreak that the introduction of the state pension in a few weeks time will give pensioners "over £5 a week" extra, leaving them "better off".
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The Chancellor has jumped to defend a Budget that appears to target pensioners and, according to the IFS, may not be as neutral as claimed.
The Chancellor's announcement of freezing pensioners allowances caused widespread anger, but who will be affected by the "granny tax"?