Will save the average worker about £75. But is that the budget rabbit that conservative backbenchers were after . The answer plainly is no, but the truth is, there was simply not enough money to deliver the cut in income tax they had demanded. After the measures announced today, the Office For Budget Responsibility estimated the chancellor has just £8. 9 billion of headroom left, down from the 13 billion he had in the autumn statement. That the second smallest on record, yet the chancellor gave us a relatively optimistic view of the economy, after covid, a war in europe, and the damage inflicted on the british economy economy this, he said, was a budget for long term growth. Todays obr forecast also shows that we have made Good Progress on the Prime Ministers three economic priorities. Compared to when the three pledges were made, inflation has halved, debt is falling in line with our fiscal rules, and growth is fully 1. 5 Percentage Points higher than predicted. Clamouring. And as g
Government is only talking to a ten own mps and talking into an election. Levelling up funds, £242 million to be spent in canary wharf, one of the most expensive postcodes in the uk. What is that but a bribe towards the election for london may. We are seeing a government in its final throes, we are seeing a government in its finalthroes, is we are seeing a government in its final throes, is on the government emphasising wealthy taff tax breaks for the wealthy and making a real difference to peoples lives. People on low wages were disproportionately dependent on the very Public Services that are being cut at the same time. Services that are being cut at the same Time Services that are being cut at the same time. ,. ,. ,. , same time. You have the powers to initiate two same time. You have the powers to initiate two devolved same time. You have the powers to initiate two devolved taxes, same time. You have the powers to initiate two devolved taxes, its initiate two devolved taxes, its t
British ice are tax Free Allowance to invest in uk listed companies. British isa tax Free Allowance. Moving on to the uk economy. The Office For Budget Responsibility predicts uk economy will grow by 0. 8 this year and 1. 9 next year. The uks Inflation Rate is also forecast to fall below 2 target this year. 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, which had been due to end in august, which will now continue until february 2025. There will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. The chancellor says is in order to maintain the financial incentive to choose vaping over smoking. 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. A windfall tax on the profits of energy firms,
His time for choosing. I wondered if he will choose his time for choosing. I wondered if he will choose her his time for choosing. I wondered if he will choose her as his time for choosing. I wondered if he will choose her as his his time for choosing. I wondered if he will choose her as his vice he will choose her as his Vice President ial candidate. Nikki haley theyre bowing out of the us president ial race this year. The government has warned it Mayjudge Israel to be in breach of International Humanitarian law if it fails to allow more aid into gaza. It comes as the World Food Programme says the israeli army has thwarted its first attempt in two weeks to take food aid to northern gaza. Israel hasnt commented yet. But israeli war cabinet member benny gantz is in london today, where he has met the foreign secretary, lord cameron. Earlier, lord cameron had told parliament there was dreadful suffering in the territory and patience with israel was running thin. And the situation is very