Budget 2012: George Osborne cuts 50p top rate of tax

Name: Budget 2012: George Osborne cuts 50p top rate of tax
Uploaded: 2012-03-21T23:22:30.000Z
Duration: 5 min 35 s
Description: George Osborne's third Budget is already proving to be his most controversial, with a cut in the top rate of income tax and changes to allowances affecting millions of pensioners.

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George Osborne's third Budget is already proving to be his most controversial, with a cut in the top rate of income tax and changes to allowances affecting millions of pensioners.

The chancellor insisted his Budget would back working families.

Nick Robinson reports.

UK Politics

21 March 2012