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Our Budget views in blue: Age-related allowances frozen

22nd March 2012

For 2013/14. People over the age of 65 and 75 have higher and higher still personal allowances. This is being phased out gradually. By 2015 it is likely to have disappeared altogether.

There is no escaping the fact that pensioners are comparatively worse off. This is a decision Mr Osborne may well regret (looking at today’s tabloid headlines).