Budget 2012

The Chancellor has revealed the Government's plans for the 2012 budget. We look at what it holds and how it will affect the region.

View all 13 updates ›

Budget: Tax-free allowances

There's been criticism of George Osborne's decision to phase out age related tax-free allowances.

At the moment, people over 65 receive a supplement, on top of the allowance given to everyone else.

The Chancellor says no older people will lose money as a result of this budget. But, some people in Tynemouth think differently.

More on this story