45p Cut News Today : Breaking News, Live Updates & Top Stories | Vimarsana

richard walker. former cabinet minister andrea leadsom. and the bbc�*s deputy political editor, vicki young. the chancellors�* day began like this. this 45p rate was simply a distraction in our mission to achieve higher growth. a u—turn on the scrapping the 45p top rate of tax — a policy he'd announced in his mini budgetjust 10 days ago. now, in a little under 15 minnutes he'll be addressing the party faithful — to persuade them that he is the man to be trusted with the economy through turbulent times. welcome to politics live in birmingham. andrea led some, after the marke...

the chancellor has confirmed that the costs of the energy price cap will be funded by borrowing. leaving the eye watering windfall profits of the eye watering windfall profits of the energy giants untaxed. the oil and gas producers will be toasting the chancellor in the boardrooms as we speak while working people are left to pick up the bill. borrowing higher than it needs to be, just as interest rates rise. and yet the chancellor refuses to allow independent economic forecast to be published which will show the impact of this borrowing on our public finances, on growth and on inflat...

Maintaining the 5p a litre cut in fuel duty and not putting it up in line with rising prices. that saves the average driver £100 next year and around £200 since the 5p cut was introduced. the headline rate of corporation tax is going up, not popular among all his mps. businesses will pay less, though, if they put money into their future growth. that means that every single pound a company invests in it equipment, plant or machinery can be deducted in full and immediately from taxable profits. a big part of this budget is getting more people into work. there are measures to help those with di...

Soaring energy bills have been a massive factor in crippling family finances in the last year. the government's help to ease the burden is to be extended until the summer. this measure will save the average family a further £160 on top of the energy support measures already announced. here is another choice the chancellor has made, maintaining the 5p—a—litre cut in fuel duty and not putting it up in line with rising prices. that saves the average driver £100 next year and around £200 since the 5p cut was introduced. the headline rate of corporation tax is going up, not popular among all...

Plans to draw people back into the workforce. conflicting accounts from washington and moscow as a us drone crashes into the black sea after an encounter with russian fighterjets — ukraine's foreign minister says incidents like this are inevitable until russia leave crimea. you're watching bbc news. let's return to one of our top stories. the chancellorjeremy hunt has been setting out his budget — pledging to "build for the future". the uk economy is set to shrink this year — but it is no longer expected to enter a recession. mr hunt also says the inflation forecast is to fall from above...