Ten Things You Need to Know Today: Friday 23 Mar 2012

1. TEBBIT SLAMS 'LOUSY' GRANNY TAX

George Osborne is facing a torrent of criticism for his 'stealth tax' on pensioners. Tory party grandee Lord Tebbit called it an "error … unfair and lousy politics". Meanwhile, £30m was wiped off the value of bakery chain Greggs' yesterday after it was announced VAT would now be payable on hot takeaway food.

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