Labour's shadow Chancellor Ed Balls has reacted to the IFS Budget briefing:
The IFS has confirmed that George Osborne’s tax raid on pensioners will see nearly four and a half million pensioners losing £83 next year. And people turning 65 next year will lose up to £323 with little forewarning...It’s now even clearer that this was a Budget that asked millions to pay more so millionaires could pay less.
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.
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