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MP says scrap "pasty tax"

Could you soon be paying more for a pasty? Credit: ITV Westcountry

A Cornish MP has added his voice to calls for the so-called "pasty tax" to be scrapped. Liberal Democrat Stephen Gilbert has tabled a motion in Parliament calling for VAT to be lifted from hot pasties. Last week The Chancellor extended VAT to hot food sold from bakeries and supermarkets.

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What can we expect from the Chancellor on Budget Day?

There's been plenty of speculation about what will be in George Osborne's red briefcase. Credit: PA

The Chancellor, George Osborne will unveil the 2012 budget later today.

ITV's Business Editor Laura Kuenssberg has been taking a look at what we can expect from the Chancellor on Budget Day.

ITV's Consumer Editor Chris Choi has been looking at how families could win and lose from the budget.

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