Pensioners were the big losers from today's Budget, with the news 4.4 million will pay more tax from April 2013, at an average loss of £83 each per year. This has been dubbed the new 'Granny Tax'.
Ed Miliband has called for an end to Britain's "rip-off consumer culture", insisting the Government should intervene on exorbitant charges for savings, holidays, banking and parking.
Banks are to be required to "ring-fence" their retail operations from risk-taking arms and to hold increased levels of capital to protect the UK from a repeat of the crash of 2008, Chancellor George Osborne announced today.
19 December 2011
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