Osborne: State pension increase will leave OAP's 'better off'

Chancellor George Osborne told Daybreak that the introduction of the state pension in a few weeks time will give pensioners "over £5 a week" extra, leaving them "better off".


'Hotchpotch' Budget attacked

The Chancellor's Budget calculations have been questioned by the respected independent economic analysts, the Institute for Fiscal Studies. It criticised the "hotchpotch" of reforms that it warned may fail to raise as much income as predicted.