Osborne: We're trying to get Britain working

The Chancellor has told the Today programme that pensioners are better off after this budget, saying that they are going to get "the largest increase in the basic state pension ever".

George Osborne told the Today programme's Evan Davis that "my focus has been on making sure this economy grows" and that changes to the tax system for pensioners "creates a much simpler system for everyone" which also saves money.

He said that pensioners tax allowance was being frozen, rather than cut.

On his own personal situation Mr Osborne said "I am not a big winner from this budget" and revealed he was not a 50p tax rate payer.

In terms of how the Budget affects young people, he said that they are trying "create a country where the young are going to have a job and a future".

Mr Osborne maintained that they have tried to "spread the burden as fairly as possibly" and insisted that the biggest weight would be on the richest one percent with a focus on the top ten percent.

Mr Osborne said that the top rate of tax of 50p, introduced under Labour "was a con, a thing on a press release... it did not raise money". #bbcbudget #evanhd #Osborne

BBC Radio 4 Today

BBC Radio 4 Today

Contributed by BBCR4Today
Mar 22, 2012, 09:37 AM
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