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BBCNEWS BBC News June 4, 2024 09:03:00

The chancellor has warned that families face real challenges, but that this plan would help tame inflation that s the rate at which prices are rising. but labour described the emergency budget measures as an invoice for the economic carnage created by the mini budget. here s our business correspondent, caroline davies. prices are going up, the economy is shrinking and living standards are falling by the largest amount in 70 years. i don t think they re doing a great deal for the general people, the working man, to be quite honest. i think, you know, it s keep the rich rich and the poor poorer. so, chat s the government s answer to help country? in yesterday s autumn statement, the chancellor announced some things will be going up. in april, the state pension, means tested and disability benefits will all go up by 10.1%. ....

Kwasi Kwarteng , Bal Inflation , Caroline Davies , Mini Budget , Emergency Budget Measures , Working Man , State Pension , Autumn Statement , Disability Benefits , 10 1 ,

BBCNEWS BBC News June 4, 2024 10:03:00

It s a deeply regrettable decision. the chancellorjeremy hunt has warned that families face real challenges, but that this plan would help tame inflation that s the rate at which prices are rising. but the opposition labour party described the emergency budget measures as an invoice for the economic carnage created by the mini budget. here s our business correspondent, caroline davies. prices are going up, the economy is shrinking and living standards are falling by the largest amount in 70 years. i don t think they re doing a great deal for the general people, the working man, to be quite honest. i think, you know, it s keep the rich rich and the poor poorer. so, what s the government s answer to help country? in yesterday s autumn statement, the chancellor announced some things will be going up. in april, the state pension, means tested and disability benefits will all go up by 10.1%. the minimum wage for over 23 years old will also increase to £10.42 an hour. ....

Chancellorjeremy Hunt , Caroline Davies , Opposition Labour Party , Emergency Budget Measures , Mini Budget , Working Man , Autumn Statement , State Pension , Disability Benefits , 10 42 , 10 1 , 10 42 ,

BBCNEWS Outside Source June 4, 2024 19:03:00

Will be cut back. typical bills will rise from £2,500 a year to £3,000 from april. here s the chancellor again. i have tried to be fair by following two broad principles. firstly, we ask those with more to contribute more and secondly, we want to avoid the tax rises the damage growth. while they do lead to some substantial tax increases, we have not raised headline rates of taxation and tax as a percentage of gdp will increase byjust1% over the next five years. so in the chancellor s words: trying to be fair . the opposition labour party doesn t see it that way. all of the country got today was an invoice all of the country got today was an invoice for all of the country got today was an invoice for the economic carnage ....

Damage Growth , Byjust1 , Headline Rates , Tax Increases , Doesn T , Opposition Labour Party , Got Today ,

BBCNEWS BBC News June 4, 2024 17:07:00

All the country got today was an invoice for the economic carnage that this government has created. never again can the conservatives be seen as the party of economic competence. the combination of tax rises and a hit from inflation means people will face real falls in their disposable income. in the last hour, the conservatives have picked the pockets or purses and wallets of the entire country as the chancellor has deployed a raft of stealth taxes, taking billions of pounds from ordinary working people, a conservative double whammy that sees frozen tax thresholds and double digit inflation erode the real value of people s wages. so people face a real squeeze and the opposition parties want to to much of the blame on the government. not international factors like the pandemic or the law in ukraine. ....

Us Government , Green Party , Got Today , Disposable Income , Tax Thresholds , Double Whammy , Stealth Taxes , Opposition Parties ,

BBCNEWS Outside Source June 4, 2024 20:03:00

April, although some households may still have to pay more than that depending on how much they use. here is the chancellor again. i depending on how much they use. here is the chancellor again. is the chancellor again. i have tried to be is the chancellor again. i have tried to be fair is the chancellor again. i have tried to be fair by is the chancellor again. i have tried to be fair by following i is the chancellor again. i have l tried to be fair by following two broad principles, firstly we ask those with more to contribute more, secondly we avoid the tax rises that damage growth. although my decisions today do lead to a substantial tax increase, we have not raised headline rates of taxation, tax as a percentage of gdp will increase by just 1% over the next five years. in just 1% over the next five years. in the chancellor s words, trying to be fair. the opposition labour party doesn t see it that way. mil fair. the opposition labour party doesn t see it that way.- fair. th ....

She Said , Damage Growth , Headline Rates , Tax Increase , Doesn T , Opposition Labour Party , Scottish Government , Let S Go , Just Party , Got Today , Mil Fair , Way Fair ,