Listen to kamala harris. Done before, which is to provide a Tax Cut for billionaires and big corporations which will result in 5 Trillion to americas deficit. Donald trump talked up his economic legacy as the debate moved onto the question of tarfiffs. Youll remember Mr Trump has recently been speaking about increasing tariffs on international goods. Lets have a listen. We are doing tariffs on other countries. Other countries after 75 years will pay us back after 75 years will pay us back after all we have done for The World. The tariff will be substantial in some cases. I took in the billions and billions of dollars from china. In fact, then never took the tariff of because it was so much money. We have had a terrible economy because inflation, which is known as a country buster, it breaks up countries, we have inflation like a very few people have ever seen before, public the worst in our nations history. To get both persepectives, Business Today spoke to greg swenson, chairman of Re
Socalled filibuster rule, which now becomes all the important after todays vote. Excellent. Im not sure ive ever seen Steve Kornacki and his khakis as work on a ranked Choice Voting election so im very much looking forward watching him break this down. I started to write a script about the ranked choice thing, and i did a couple of shots at it and i just went, im leaving that to kornacki. Its just going to be, and heres Steve Kornacki, and go ahead and explain ranked choice. I just its tough. When it comes from the Point Of View of the voter i always thought it should be called One Two Three voting. From the point of voter you dont have to do anything that hard. The hard part to explain is how it gets tabulated. The counting the vote part of it is hard to explain. What you do as a voter isnt that hard. But i bet kornacki can explain that part better. Exactly. Its the counting the vote spot in the script where i just gave up, and you can watch that on tv later this hour. See the point,
Voting. The Point Of View of the voter you dont do anything that you need, you dont need it rancorous. As the hard part of it is how is it gets tabulated. The candidates, the next choice, moves up, recalculated the counting the vote part of it is hard to explain. When you do as a voter is not that hard. But i bet that kornacki can explain all of that. It is exactly its the counting the vote spot in the script or i just gave up. And you can watch that on tv later this evening. Youll see the moment where rank choice, they get to choose their top and here is steve, it is going to go just like that. [laughs] now he knows to be ready in the middle of your sentence. Very good. Yeah, thank you rachel. Thank you. What we saw on the United States senate today was a show performed for two senators. Majority leader chuck schumer, wrote the Voting Rights bill before the and the senate just to show Democratic Senators joe manchin and kirsten cinema that the bipartisanship is hopeless in the United
Vaping products will come in october 2026 and the existing tax on tobacco will increase. The chancellor says thats in order to maintain the financial incentive to choose over smoking. Windfall tax on the profits of energy firms draw will be extended into 2029 even that was previously scheduled to end in 2028. Increase in flight duty for Business Class tickets, non dom tax free dream on People Living overseas and didnt that it will be replaced with new rules from april 2025. Bigger picture the uk economy now. The obr, office of budget responsibility predicts the economy is going to grow and add 1. 9 we are currently on a technical recession. Inflation rate forecast to fall below 2 target this year but the underlying debt. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year, rising to 92. 8 next year. The government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but
Good evening from newcastle, as the dust settles onjeremy hunts budget, quite possibly the last, before the general election. You join us on the citys Iconic Quayside Overlooking the magnificent river tyne, an area steeped in industrial history, and weve been gauging reaction here, to the chancellors plans throughout the day. Among his biggest annoucements, was a cut in National Insurance, by 2p in the pound, for employees and the Self Employed. Full Child Benefits will be paid to households, where the highest earning parent, is getting up to £60,000. The current limit is £50,000. And, the non dom tax regime, for uk residents whose permanent home is overseas, is to be replaced with new rules, from april next year. Well, the office for budget responsibility, says the overall tax burden, is actually set to reach its highest level for over 70 years. While the government says spending on Public Services will rise by 1 above inflation, some areas could still see cuts in the future. The 0b