'Millions of middle-class pensioners are to be hit by a £3.5billion ‘granny tax’ that will help pay for a record income tax cut for people in work.
Plans slipped out in George Osborne’s Budget yesterday will mean tax allowances for the over-65s – first introduced in 1925 by then Chancellor Winston Churchill – being frozen or axed.
People who turn 65 or 75 next year will be worst affected but, in all, 4.4million pensioners with incomes of between £10,500 and £28,000 can expect to lose out.'
UKIP WOULD NOT HAVE DONE THIS! NOR WOULD THERE HAVE BEEN THE BEST PART OF 4P ON A LITRE OF PETROL!EITHER VOTE UKIP OR NEVER AGAIN COMPLAIN ABOUT WHAT GOVERNMENTS DO TO YOU!
Read more: http://www.dailymail.co.uk/news/article-2118476/BUDGET-2012-Osborne-picks-pockets-pensioners-Four-million-elderly-pay-Chancellors-tax-giveaway.html#ixzz1poxb73N0
