Transcripts For GBN Dewbs 20240704 : vimarsana.com

GBN Dewbs July 4, 2024

From 10 to 8, and self employed National Insurance will be cut from 8 to 6. It means an additional £450 a year for the average employee, or £350 for someone self employed. When someone self employed. When combined with the autumn reductions, it means 27 million employees will get an average tax cut of £900 a year. Tax cut of £900 a year. Well, other announcements made by the chancellor today are that the non dom tax status will be scrapped with the tax break for wealthy Foreign Residents replaced by what the chancellor called a modern residency system. And rounding out todays announcement , system. And rounding out todays announcement, pubs will also system. And rounding out todays announcement , pubs will also get announcement, pubs will also get announcement, pubs will also get a boost from a freeze on alcohol duty. The child benefit threshold goes up to £60,000, and the £0. 05 cut to fuel duty is locked in for 12 months. Lets take a look at other measures in the budget as well. Today, the vat registration threshold thats going up from £90,000 to £90,000, while threshold thats going up from £90,000 to £90,000, while the pensions regulator will get new powers ensuring people with defined contributions are getting value from their investment. Theres also a new isa scheme with a £5,000 yearly allowance for British Assets and it systems in the nhs will also get a £35 million upgrade paid well. Funding some of the governments spending will be a new duty on vaping. We understand , though, taxes on understand, though, taxes on tobacco will go up and the windfall tax on oil and gas profits will continue until 2029. Thats going to raise around £15 billion for the governments coffers. But the labour leader in response, sir keir starmer, said britains credit card is maxed out. Last desperate act of a party that has failed britain in recession. The National Credit card maxed out and despite the measures today, the highest tax burden for 70 years, the First Parliament since records began to see Living Standards fall. Confirmed by this budget today. Thatis confirmed by this budget today. That is their record. It is still their record. Give with one hand and take even more with the other. Meanwhile, liberal democrats leader sir ed davey said unfair tax hikes still mean the average worker will be worse off. But tory mp sir Robert Buckland told gb news it puts britain on the right track. I think what we saw today was direct relief for working people andindeed direct relief for working people and indeed employers. Lets not and indeed employers. Lets not forget with the changes to National Insurance contributions ahead of phase out of the ahead of a phase out of the entire system, which all know entire system, which we all know has never really been about insurance. Another tax. Insurance. Its another tax. I think a very good move, think that was a very good move, and particularly pleased that hes threshold on, hes raised the threshold on, child benefit to 60,000. That is a huge plus for many working women in particular, who will now get child benefit or will find their taper , going at a, at find their taper, going at a, at a higher rate. So i think really practical moves to not just do something right, but to simplify the tax system, a very tory approach, which is why i approve of it. Now the science secretary is facing calls to quit after taxpayers covered her £15,000 bill in damages and legal fees following false accusations she made about an academic michelle donelan, who has now retracted her comments , accused professor her comments, accused professor kate sang of supporting hamas, the terrorist group. However, an investigation found the claims were baseless. Labour says miss donelans false allegations are a new low in government standards and news that broke in the last hour or so. We can tell you now two sailors have died after a Houthi Missile attack on after a Houthi Missile attack on a vessel in the gulf of aden. Its understood three other crew members are missing and a number of other sailors are seriously injured. We understand 20 people were on board at the time of the houthi attack. Theyre the first deaths to be reported since houthi militants , who are backed houthi militants, who are backed by iran, started attacking commercial shipping in the area. Thats the news for the latest stories , sign up to gb news stories, sign up to gb news alerts by scanning the qr code on your screen, or go to gb news. Com slash alerts. News. Com slash alerts. Thanks for that, colleague. For that, colleague. Thank you , thank you. Yes thank you, thank you. Yes i am Michelle Dewberry. This is dewbs co and you this is dewbs co and you know what have you been snoozing a little sleep perhaps. Weve just woken you up, havent we . Because, yes, you can tell we are not in the studio. No, we are not in the studio. No, we are not. Were out and about tonight. We are live from whitehaven. Everybody yes, yes, you can probably tell, right . If youre sitting at home thinking to yourself, where on earth is this whitehaven place that theyre all so happy to be . Im starting something now. Im starting something now. Ive said to them, i said to these guys, were in whitehaven ive said to them, i said to thesweres, were in whitehaven ive said to them, i said to theswere happy; in whitehaven ive said to them, i said to theswere happy about1itehaven ive said to them, i said to theswere happy about that. Ven and were happy about that. I know, i you dont have to know, i know, you dont have to do it every i mention the do it every time i mention the west. Just a key moments , guys. West. Just a key moments, guys. Key moments say i love it. I absolutely love energy. Absolutely love the energy. Anyway, ive just shown absolutely love the energy. Anywhere ive just shown absolutely love the energy. Anywhere whitehaven;t shown absolutely love the energy. Anywhere whitehaven is. Hown absolutely love the energy. Anywhere whitehaven is. Its n absolutely love the energy. Anywhere whitehaven is. Its in you where whitehaven is. Its in cumbria. Ive got tell you as cumbria. Ive got to tell you as well. Ive never been here before. Absolutely before. Its absolutely beautiful. Youve been, i beautiful. If youve not been, i recommend visit. Anyway, were recommend a visit. Anyway, were here show till 7 00 here with this show till 7 00 tonight. This great tonight. Ive got this great audience guess what else audience and guess what else ive what a treat for you ive got . What a treat for you all. My panel, the director of popular conservatives and the former general the former director general of the institute affairs, institute for economic affairs, mark evening to Mark Littlewood. Good evening to you. Your first time on this panel you. Your first time on this panel. First time. Great to be here in whitehaven. Great to be here in wh are aven. Great to be here in wh are you. Great to be here in wh are you say, can you see are you say, can you see this . I can see where this is going. Everyone also alongside him, a regular face to this show. The co founder of novara media, Aaron Bastani. And you know the drill , dont media, Aaron Bastani. And you know the drill, dont you . Its not just about charles rae. Its not just about charles rae. Its not just about my fabulous audience. Oh, no, its about you guys at home as well. What is on your mind tonight . You can get in touch all the usual ways. Vaiews gbnews. Com, or you can tweet or text me at gb news. And i will certainly be bringing you into this conversation. If you into this conversation. If you are on twitter or ive got a poll running as well, because i want know, you had in poll running as well, because i wanbudget w, you had in poll running as well, because i wanbudget today you had in poll running as well, because i wanbudget today asyou had in poll running as well, because i wanbudget today as itu had in poll running as well, because i wan budget today as it made in poll running as well, because i wan budget today as it made you the budget today as it made you more likely to vote for the tories, less likely , or made not tories, less likely, or made not a blind bit of difference whatsoever. Should we start though . Perhaps because maybe youve work day. Youve been at work all day. Maybe youve been sleeping, or maybe things maybe youve had Better Things to watch jeremy hunt do to do than watch jeremy hunt do his budget. But worry not, because i bring you up to because i shall bring you up to speed with some of the key measures that were experiencing. And ive got to say, so many of these measures, theyve been leaked, havent they,. Why do they do that . Why do they . Well, this is now a kind of political event, not an economic event, michel. Its all about, you know, trying to get newspaper coverage. In thats the coverage. In fact, thats the plan of the government more than it is to change our tax it is to really change our tax system spending system or our spending particularly. Its particularly. So of course, its all linked. There was virtually all linked. There was virtually no surprise in the budget at all. If youd been following gb news the papers over news or reading the papers over recent would be not recent days, there would be not a single surprise. I think ill tell you what was quite surprising. Dont was quite surprising. I dont know you managed to see it. Know if you managed to see it. Jeremy essentially getting jeremy hunt essentially getting locked that . Locked out. Did you see that . I can you clip if you can play you a clip if you missed arthur. It was bit missed it. Arthur. It was a bit embarrassing, quite frankly, hes and hes standing there nice and proud with little briefcase. Proud with his little briefcase. He to the door. He turns to the door. And i dont mean to be rude to whoever the fella is on the door, but youve got one job, my friend. You one job in you literally have one job in life. Jeremy hunt turns life. When jeremy hunt turns back to the dog, thats what you do. It. Not on this do. You open it. But not on this occasion. And playing it back for you. Mainly because i do find it quite so hilarious. You can see stood there and then can see he stood there and then he had to knock. He had to knock on door. I mean, i bet on the door. I mean, i bet someone in trouble for that. Someone got in trouble for that. I can tell you. Anyway. Look, apparently lower taxes mean higher growth. That was one of the that jeremy hunt was the things that jeremy hunt was trying out today. Trying to point out today. But in of of these key in terms of some of these key metrics, then, we knew, didnt we, national there we, National Insurance, there was conversations about was lots of conversations about whether that was going whether or not that was going to be, not. Well, be, the £0. 02 cut or not. Well, we know, yes, thats going we now know, yes, thats going to there was lots of to happen. There was lots of rumours about whether not rumours about whether or not income was going to be cut. Income tax was going to be cut. I hate to break it to you all, but no, that didnt get cut at all, Capital Gains will come on to this. I can tell you therell be a lot of people upset about this one because conversations weve people are saying weve had, people are saying actually, capital actually, we want Capital Gains to brought in line with to be brought more in line with income can you now, income. I can tell you now, right. This was a bit of a rabbit out of the hat. It went completely the opposite way. They reduced, Capital Gains completely the opposite way. They people d, Capital Gains completely the opposite way. Theypeople d, toapital gains completely the opposite way. Theypeople d, to pay,l gains completely the opposite way. They people d, to pay, really. That people have to pay, really good got say good news. Ive got to say youve got to get your priorities life right, priorities in life right, havent the alcohol duty havent you . The alcohol duty that frozen. Are we happy that was frozen. Are we happy about that today . Everybody. Did you didnt ask you notice that . I didnt ask whitehaven was happy about whitehaven if it was happy about that. Always coming. That. And you always coming. I knew was coming, child knew what was coming, child benefits there. The threshold, raise from 50 to 60 k the non dom. Were going to come on to this one. I found it fascinating that status was essentially scrapped , windfall essentially scrapped, windfall tax on the oil and gas companies. That was extended. Nothing for banks, though. I found that interesting , let me start with interesting, let me start with my panel, then. Can i have a brief show of hands, please . Who brief show of hands, please . Who in this room was happy by what they saw . Contained in the budget today . Show of hands. They saw . Contained in the budget today . Show of hands. I dont believe that. Right. If youre listening on the radio, youre listening on the radio, you dont know what on earths going on, right . Theres not a single solitary hand up in the air. Now either. This is a few things. Either its because people are shy. People might people are shy. People might think, oh, i dont know. Ive ive got sweaty armpits. I better not put my arm up. Or it could actually be that genuinely, nobody at all is happy. To try one happy. So im going to try one more time. Honestly is single more time. Honestly is a single solitary person this room solitary person in this room happy . Yes, i found one. Yayi happy . Yes, i found one. Yayi there. Okay, can i get a microphone . Hes going to regret putting his hand up now. Up you stand, sir. Hello. Whats your name . Andrew. Andrew. Hello andrew. Hello why andrew. Hello why are andrew. Hello why are you happy about the budget today . Im with elements of it im happy with elements of it. Given my earnings for. Yeah, given my earnings for the household , the threshold the household, the threshold being moved up to 60,000 for child benefits is going to be beneficial, for my household , beneficial, for my household, but i cant help but think this is a bit of a rearguard action by the tories today. Right. See, its not that scary getting up, is it . Thank you andy. Youve got you very much, andy. Youve got the rolling. Anyone else the ball rolling. Anyone else thats happy today . Anyone . Last chance. I thats happy today . Anyone . Last chance. I told you, dont wake up at 3 00 in the morning thinking. Why didnt i tell her i was happy about the budget . Ive missed my moment to shine. Right. Well, lets move on then. Apparently, everyone at home, most not happy. Which most people are not happy. Which means unhappy most people are not happy. Which mean so unhappy most people are not happy. Which meanso show unhappy most people are not happy. Which mean so show of unhappy most people are not happy. Which meanso show of hands unhappy most people are not happy. Which mean so show of hands thatippy most people are not happy. Which meanso show of hands that are then. So show of hands that are unhappy. Please right then who should pick there . A handsome should we pick there . A handsome bunch, right . Lets have a look. Lets on. Whos happy and lets get on. Whos happy and wants me why theyre wants to tell me why theyre happy or unhappy . I mean unhappy. Im getting. Im. Im getting, im getting. Im getting too excited. What getting a bit too excited. What can weve only just can i say . Weve only just begun, hang on one second. Theres chap there. Row. Theres a chap there. This row. Can we stand up . Get a microphone him. Right. Why . Microphone to him. Right. Why . Whats and why whats your name, sir . And why are happy . Are you happy . My name is colin. My name is colin. Unhappy . You see, im just so positive. So positive. Im positive. Im so positive. Im trying. Unhappy . Positive. Im so positive. Im tryi because unhappy . Positive. Im so positive. Im tryi because as unhappy . Positive. Im so positive. Im tryi because as a unhappy . Positive. Im so positive. Im tryi because as a self employed because as a self employed businessman. Fuels gone businessman. Farmer fuels gone up £0. 03 a litre. Diesel has gone up £0. 03 a litre in the last few days. Cancels out everything that goes on the everything that goes on in the budget, you see. And a farmer figures, it and as a farmer figures, it has no effect. And as a farmer, because farmers are really unhappy the moment, were unhappy at the moment, were seeing not in seeing protests, not just in this country, the all this country, by the way, all across countries across a variety of countries at the moment. Do you feel the media either . Yeah, news is about the only one thats showing it. Well, gb news is in preston, lancashire. Why you think farmers are why do you think farmers are being failed . Do you think we value you . Were totally undervalued, but its the bigger picture. Why is it, why is it farmers throughout the world are getting involved in this. We spend our entire life looking to the future. Everything i do has a five year effect on my business. Government has fetched out a heap of schemes in this country that just echo what the World Economic forum want to have. You want to cut down Food Production 7 want to cut down Food Production . Guy anker. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you. Thank you for that. Say very , thank you for that. Say very, very important topics. And im proud actually, that we do indeed cover them, on this channel. Anyone else thats unhappy . Ill remember where i unhappy . Ill remember where i am now. Unhappy. Are you everyone in this room told me that you was pretty much so. Stop being shy. Stop it stop being oh, yes. There we go, being shy. Oh, yes. There we go, young can we get a young man. Can we get a microphone to him . Whats your name . And tell me why youre unhappy tonight. So youre finally cottoned on. Now were talking trying to talking unhappy. I was trying to keep positive. Its not going keep it positive. Its not going to work, is it . Hello. My name is paul. Hello, paul. So everyone appreciate so everyone can appreciate your come on up. Your beauty. Come on up. My names paul. Yeah, i yeah, my names paul. Yeah, i live in workington. Yeah, im not happy. Its. Its a very minor increase that im going to get back from the National Insurance already. The road tax has gone up. The council tax is going to go up, therell be something else, stealth under the radar thats going to go up. Its just its not a sexy budget

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