You'll all have probably heard about the furore over the government's so-called "granny tax".
What this basically is is a decision to freeze the tax allowance for pensioners (which is about £10,500) until the tax allowance for everyone else has caught up. And you know what, I don't really have a problem with that. I can't really see why the retired should get a bigger tax allowance than everyone else - particularly when you consider that the change will only cost them, on average, £85 a year.
Mind you, with high fuel and utility bills and the increase in VAT a lot of elderly people are feeling the pinch so asking them to pay extra isn't exactly helpful. But, then again, lots of other people who aren't retired and who don't get the higher tax allowance are also hit by higher utility bills and living costs as well.
Fortunately though, the government isn't taking £85 away from pensioners. In fact, pensioners are going to be wealthier because of the budget.
That's because the Lib Dems have implemented our policy to restore the link between inflation and pensions. Because of our triple lock, pensions are now guaranteed to rise by inflation or the average increase in wages or 3% each year - whichever is the higher of the three.
As a result, pensions are actually going to rise by £5.31 a week this year - which works out at about £276 for the whole year.
So if we take away the £85 pensioners are going to lose, but add the £276 they're going to gain then they actually work out £191 better off.
Now, if that's a "granny tax" (which Labour and the tabloids are presenting as the end of the world) then all I can say is that I wish the government would apply the granny tax to me!