Osborne keeps a close eye on the electorate

George Osborne claimed to have a big white rabbit up his sleeve.

It turned out the UK chancellor had hidden a cuddly toy for pensioners. Osborne is running the budget for both the economy and the election.

The chancellor will give pensioners more scope to play with their accumulated pension funds with tax and regulatory changes. In addition, a new bond will pay pensioners a 4% interest rate over three years — a transfer from younger taxpayers to old savers.