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.

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Greggs share prices drop

Share prices for the Newcastle based bakers Greggs have fallen as a result of changes to the budget.

£30m was wiped from the shares following Chancellor George Osborne's announcement that VAT will be placed on hot take-out food.

18 pence will be added to the price of a 90 pence hot sausage roll as a result of the tax.

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