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.


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.