Budget hits savers, young and in debt

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Chancellor John Healey’s first budget promised ‘breathing space’ for people coping with the cost of living. But among the range of measures to ease the burden there was some pain for savers and those relying on income from property to support them in retirement. And - while scrapping the much-maligned standing charge on gas bills was welcomed by many, there are those who say it could hit them hard. We find out why… Also in the programme, how more and more young people are being pushed into debt because of insecure jobs and the rising cost of living. The debt charity StepChange is warning that it has seen a rise in young people contacting them because they are not earning enough money to cover essential bills. Presenter: Paul Lewis Reporters; Felicity Hannah, Luke Wilson, Jo Krasner Researchers: Eimear Devlin. Catherine Lund Editor: Craig Henderson Snr News Editor: Sara Wadeson