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.

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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.