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The Conservatives say savers are "innocent victims" of the downturn
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As savings rates plunge, the Conservative Party has outlined plans to offer £4bn in tax cuts for savers and pensioners.
If in power, the party would scrap taxes paid by basic rate taxpayers on savings interest and raise the level of non-taxable income for pensioners by £2,000 a year.
The measures would be funded by lower public spending.
The shadow chancellor, George Osborne, explains their proposals in detail.
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Web extra: Extended interview with George Osborne
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