Chancellor urged to 'change course'

AOL Money Staff
George Osborne
George Osborne

Labour has urged the Chancellor to use the Budget to "change course" as figures suggested households are set to lose £370 from tax and benefits changes.

Analysis by the respected Institute for Fiscal Studies (IFS) found measures already planned would hit incomes by an average of £160 in 2012-13 - rising to £370 a year in the future.