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  1. Richard Edgar

IFS: 'Granny tax a modest attack'

The Institute for Fiscal Studies - The "granny tax" was a surprise because it is the first time in ages a government has taken on pensioners.

"Granny tax" is a modest attack on a group previously protected but Osborne should have given them time to adjust.

Changes to tax bands mean 15 percent of tax payers will be paying higher rate (up from five percent 20 years ago). What does the Chancellor think is the right number?