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Caravan tax could effect tourism

Retailers say proposals to put VAT on the sale of static caravans will be disastrous to the region's tourism industry. The Government's own calculations suggest that demand will fall by thirty per cent.

Holiday park owners say customers won't buy at the increased price and that will have a knock on effect on the wider economy. Our business correspondent Seth Conway reports.

Osborne: OAPs to be 'better off'

The Chancellor claimed pensioners will be "better off" under the coalition government Credit: John Stillwell/PA Wire

George Osborne has told ITV's Daybreak, pensioners "will be better off" when state pensions are increased in the coming weeks following criticism from Labour and pensioners groups over his budget plans.

Find out how you could be affected by the 2012 Budget.

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