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BBCNEWS BBC News July 7, 2024

hello and welcome if you re watching in the uk or around the world. an independent think tank in britain says the uk government s mini budget is likely to leave the vast majority of taxpayers worse off. the chancellor kwasi kwarteng s package of measures include scrapping the top rate of income tax for the highest earners and reducing the basic rate by a penny. the institute for fiscal studies says that only those with incomes of more than 155,000 will be net beneficiaries over the current parliament. ben king reports. here in reading and around the uk, people feel like they could do with a boost. bills are going up and interest rates are rising. across the country as a whole, the economy has been growing too slowly. and the chancellor has come up with a very bold solution tax cuts worth billions of pounds. he plans to cut the basic rate of income tax to 19p and the pound in england, wales and northern ireland next april and abolish the 45p top rate of tack for peop ....

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BBCNEWS Breakfast July 7, 2024

to scrolling and why she thinks there should be better protection for young people. an emotional goodbye from one of the greatest of all time. roger federer leaves the stage for the final time. the 20 time grand slam champion, plays his last competitive match and bows out from tennis. not a bad weekend ahead. a largely fine saturday with sunny spells and a few scattered showers. make the most of this weekend s whether, turning noticeably cool it next week. all of the details coming up. it s saturday, the 24th of september. the chancellor has defended the government s plans to boost the economy, after announcing the biggest package of tax cuts in 50 years. kwasi kwarteng s measures include two big changes to income tax in england, wales and northern ireland from next april, plus a reduction in stamp duty. opposition parties and some tory mps have criticised the decision to cut taxes for the wealthy during a cost of living crisis, as ben king reports. here in reading and around ....

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BBCNEWS BBC News July 7, 2024

after appearing in court charged with the murder of nine year old olivia pratt korbel. thomas cashman who s 3a is due to stand trial in march. king charles and the queen consort have greeted crowds in dunfermline on their first official engagment since the period of royal mourning came to an end. and meet the man from kent who makes his living from doodling and has achieved a childhood dream, by covering his whole house in drawings. the chancellor kwasi kwarteng has defended his u turn on abolishing the 45p income tax rate, following widespread criticism, at the conservative party conference. this morning he backtracked on the plans, which were announced just 10 days ago in the mini budget, follwoing several senior conservative mps voicing their opposition. in a speech in the last hour, he admitted it s been a difficult day, but told the conservative party conference that the uk needs a new approach and that economic growth is the only way to spread opportuni ....

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BBCNEWS Politics Live July 7, 2024

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 market turmoil following the mini budget on the 23rd of september by kwasi kwarteng, and then the dramatic u turn overnight and this morning, on a central plank of that budget, and the economic perspectives of the government, how damaged is kwasi kwarteng s authority? i damaged is kwasi kwarteng s authori ? ~ ., , authority? i think it was really important authority? i think it was really important that ....

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BBCNEWS The Papers July 7, 2024

should not be taken emotionally. and a royal welcome in scotland, as the king and the queen consort attend their firstjoint engagement since the end of formal mourning. hello, and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are dame ros altmann, who s a former pensions minister, and the features writer for the independent, james rampton. welcome to you both. a stark message from the daily mail, which says senior tories are attacking the government s u turn on plans to remove the top rate of income tax. the chancellor s admission to conservative party conference of a tough day after that u turn leads the metro. the mirror calls it a calamity conference , and claims despite the change of plans, the damage to the economy is already done. the i says conservative mps could now threaten liz truss s plans on benefits and public spending cuts. the telegraph also reporting what it calls a new battle with tory mps over reducing benefits ....

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