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This morning (22 March 2012) Chancellor George Osborne is mainly taking stick for his so-called 'granny tax' - as the tabloids put it. That is the tax adjustments which mean that 4.41 million pensioners lose money and the Treasury claws back some £1.2 billion.
George Osborne's latest budget has reconfirmed Britain's prolonged collapse in economic activity, as he thrashes around for supply-side "solutions".
Amidst all the budget fuss over 50p tax rates for the very wealthy and the ‘injustice’ of higher rate taxpayers losing out on Child Benefit, who is prepared to speak up for 212,000 low income working families set to lose £3,870 a year each? It is they who are facing the biggest cut in incomes come April this year.