Government changes to tax reform come into effect

Labour has attacked the Government over sweeping changes to tax rates that came into effect today.

The Prime Minister said that from today 24 million people will be paying £600 less income tax than in 2010, while the opposition launched a poster with the tagline "Who Wants to Bung a Millionaire? Dave Does".

ITV News Political Correspondent Libby Wiener reports:

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Top income tax rate falls to 45%

A raft of government changes to tax reform come into effect from today, including a cut in the top rate of income tax from 50p to 45p.