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Transcripts For BBCNEWS Newsnight 20240704

Tomorrow will be the last time the chancellor brandishes the budget red box outside number 11 before the election. Will there be any surprises inside . It is the eve of what is probably the governments last set piece before a general election, and speculation over tax cuts surroundsjeremy hunts budget. I asked rishi sunak ally, the former minister liam fox, whther it was time to unfreeze Tax Thresholds. Well, if i had my choice and if i were the chancellor, tomorrow that is what i would be doing. Well be asking labours Shadow Minister For Industry and decarbonisation whether a Labour Government would change the fiscal rules in order to cut taxes . Also tonight. It looks like its going to be a pretty Super Tuesday for donald trump, so can anyone or anything stop him in his tracks on the way to the republican nomination . Music the latest production at the birmingham rep. After Birmingham Council cuts its Culture Budget to zero, is austerity for the arts coming to a town near you . Well

Transcripts For BBCNEWS BBC 20240704

Good evening. The chancellor has been putting his final touches to his budget as he prepares to unveil it tomorrow it could well be the last one before the General Election. What is now expected is a 2p cut to National Insurance and another freeze on fuel duty. But could jeremy hunt go even further . Our Political Editor chris mason is here with his thoughts but before we hear from Chris Our Economics Editor Faisal Islam has been weighing up how much room for Manoevre The Chancellor has. The chancellor is hoping to use his Big Red Box Moment tomorrow to declare a definitive economic Turning Point after years of crisis and shocks. Certainly the path and forecast for Inflation Looks like that. Look at this inflation is falling back from its Energy Shock Highs towards the Bank Of England target. On the other hand, its a little tricky to talk about a Turning Point when as you see here, the economy just started shrinkng at the end of last year you can see a shallow recession, but one noneth

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