These are strong progrowth measures, and the 45p rate was simply a and what was a good set of packages, a good set of policies and a strong package. i have said that i take responsibility for it. i have said that i have listened and i get the reaction and i have spoken to lots of people up and down the country, to constituents, to mps and councillors and other people in our political system. most importantly, i have listened to voters, and i am really convinced that the best thing to do now is not to proceed with the abolition of the 45p rate. i d spoken to the chancellor and i d spoken to the prime minister over the weekend and said that actually, you know, knocking on doors, it was very, very clear that this 45p issue was actually clouding out, crowding out all the other good stuff like that massive energy cap which is designed to help millions of people. i was talking to people on the
That this plan was not a good idea, that it showed the government had got its priorities wrong. he was one of the people predicting that ministers could lose the vote in parliament. i ministers could lose the vote in parliament- ministers could lose the vote in parliament. i had spoken to the chancellor parliament. i had spoken to the chancellor and parliament. i had spoken to the chancellor and prime parliament. i had spoken to the chancellor and prime minister l parliament. i had spoken to the | chancellor and prime minister at parliament. i had spoken to the - chancellor and prime minister at the weekend, chancellor and prime minister at the weekend, knocking on doors, it was very clear weekend, knocking on doors, it was very clear that the 45p issue was clouding very clear that the 45p issue was clouding out, crowding out, all the other clouding out, crowding out, all the other good clouding out, crowding out, all the other good stuff like the massive energy other good stuff like the massive energy cap which is designed to help millions energy cap which is designed to help millions of energy cap which is designed to help millions of people. i was talking to people millions of people. i was talking to people on millions of people. i was talking to people on the doorstep who were saying people on the doorstep who were saying i people on the doorstep who were saying i am going to have to get a second saying i am going to have to get a second joh saying i am going to have to get a secondjob. i m going saying i am going to have to get a second job. i m going to have to work second job. i m going to have to work extra second job. i m going to have to work extra shifts. i am so concerned about work extra shifts. i am so concerned about my work extra shifts. i am so concerned about my mortgage and my understanding is that the money that you are understanding is that the money that you are borrowing as a government to fund tax you are borrowing as a government to fund tax cuts you are borrowing as a government to fund tax cuts for the people who are the wealthiest is one of the reasons why these the wealthiest is one of the reasons why these mortgage rates are going up. why these mortgage rates are going up so up. so it s very, very important that we acted to sever the link, and that we acted to sever the link, and that is that we acted to sever the link, and that is what that we acted to sever the link, and that is what they are doing this morning that is what they are doing this morning and i strongly welcome that. it morning and i strongly welcome that. it was morning and i strongly welcome that. it was interesting to hear the language of the chancellor this
Much for this! as we ve been hearing this morning, the government is expected to ditch the controversial plans to scrap the a5p rate of income tax. nick is in birmingham where the conservative party conference is under way. now they are expecting to hear what the chancellor is going to do, good morning. the chancellor is going to do, good morninu. ,:, :, the chancellor is going to do, good mornin. ,:, :, :, the chancellor is going to do, good morninu. ,:, :, :, . the chancellor is going to do, good morninu. ., . ., the chancellor is going to do, good morninu. :, . ., , morning. good morning. we are ust mullin: morning. good morning. we are ust muurng ove morning. good morning. we are ust mulling over the fi morning. good morning. we are ust mulling over the massive morning. good morning. we are ust mulling over the massive u-turnj- mulling over the massive u turn which is about to come, and i want to talk this through with grant shapps, former cabinet minister, you are one of the people saying that this policy could not survive. what is your reaction to just how quickly the government has performed this u turn? i the government has performed this u-turn? : the government has performed this u-turn? . , ,:, ~ the government has performed this u-turn? . , :, u-turn? i had spoken to the chancellor u-turn? i had spoken to the chancellor and u-turn? i had spoken to the chancellor and prime - u-turn? i had spoken to the i chancellor and prime minister u-turn? i had spoken to the - chancellor and prime minister over the weekend, and said that knocking on doors, the weekend, and said that knocking on doors, it the weekend, and said that knocking on doors, it was very, very clear that on doors, it was very, very clear that this on doors, it was very, very clear that this 45p on doors, it was very, very clear that this asp issue was actually crowding that this asp issue was actually crowding out, crowding out all of the other crowding out, crowding out all of the other good stuff like that massive the other good stuff like that massive energy cap, which is designed massive energy cap, which is designed to help millions of people. i was talking to people on the
Going to be frozen. and £2,500 is not a cap. yes. your bill could be much higher or much lower, and that hasn t always been got over properly. the energy cap that isn t a cap. paul, we ll get more details on that from you and the money box team on saturday on radio 4. stephanie flanders, head of bloomberg economics, thanks very much indeed to you, too. now, our next guest who s here in the studio with me is a journalist who s currently so prolific that his scoops are in danger of becoming part of the nation s weekly routine. more often than not recently, on a saturday night or a sunday morning, you may become aware of a story from gabriel pogrom. he s the whitehall editor of the sunday times and, well, i could list a long give you a long list of stories he s broken. go back tojuly, he told us about then prince charles securing money from 0sama bin laden s half siblings despite the objections of palace aides. last year, he won a british journalism award for anti corruption reporting, in part for his work on david cameron and lex greensill. if you remember those cameron texts to rishi sunak,
With their. i m sure money box is going to be explaining this. but all of those assets have gone down by a third and i think we tend to think, oh, higher interest rates, that ll be good for savers. well, in the end, it might be betterfor savers who are doing new savings now, but the people who had things locked away in those assets have just had a massive hit. just briefly for me, paul, if you would? i would pick a different topic, to be honest, because this weekend we re concentrating on the rise in fuel bills on saturday. and, you know, they have not been frozen, they won t be £2,500 for everybody, and those are common misconceptions that we will be debunking on saturday. they are frozen from saturday, but on saturday, they go up, and that s where they re going to be frozen. and £2,500 is not a cap. yes. your bill could be much higher or much lower, and that hasn t always been got over properly. the energy cap that isn t a cap. paul, we ll get more details on that from you and the money box team on saturday on radio 4. stephanie flanders, head of bloomberg economics, thanks very much indeed to you, too. now, our next guest who s