Budget 2012: Winners & Losers

The main Budget headline was certainly grabbed by the "Granny Tax" which in many ways has eclipsed the increase to the Personal Allowance and the cut in the higher rate of tax from 50p to 45p. The devil if of course always in the detail, look more closely, who were the winners and losers from today’s Budget? Read on to find out. Winners Lower earners The increase in the Personal Allowance to £9,205 from April 2013 will take even more people out of the tax system, according to the Chancellor 24 million people earning below £100,000 a year will benefit. High earners Those people earning ...