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good evening from hull. we are at the streetlife museum, which celebrates this great port city s economy and transport. we ve been listening here to the chancellorjeremy hunt in his autumn statement unveiling his tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. we ll hear from our political editor chris mason and our economics editor faisal islam, and our cost of living correspondent colletta smith is here in hull with me. but first, let s look at some of the measures announced. there ll be tax cuts including a cut in national insurance from 12% to 10% for 27 million people. the state pension will increase by 8.5%, and universal credit and disability benefits will rise by 6.7%. but those on welfare must take a work placement if they are still looking for a job after 18 months or risk losing their benefits. and the overall picture for growth is gloomy the independent watchdog, th ....
the figure which tells us the rate at which prices are rising hit the bank of england s target of 2% in may, coming down from 2.3% in april. our chief economics correspondent dharshini david reports. gary in sussex used to have seven butchers shops. he now has four. forced to make cuts as he s been caught between soaring costs over the last few years and customers with lean budgets looking for value. but things are easing. the price is probably 10 15% more than they were at the beginning of covid, but the actual price of the product is pretty much stationary now. well, we hope it s stationary. it would be nice if it would come down, but i can t see that, not in the foreseeable future anyway. it s global food and energy costs, which triggered the rise in inflation to 11% in 2022, which have also helped it fall to the 2% target, along with the rate rises over the last couple of years. as you may have noticed, the prices of goods are rising more slowly as the impact of ....
children. they are on the balcony for this iconic photo and this is all a part of the trooping of the color celebration for king charles s birthday. this takes on extra special meaning and we want to bring in our legal analyst melissa murray . melissa, this is an iconic photo given the cancer diagnosis. just one week ago fulks did not think this moment would be possible. what is going through your mind? this is a really diminished royal family but it s great to see her out and about. you used to see that balcony overflowing with extended family members from cousins and children and right now all you see are the duke and dashes of gloucester, prince george, prince louis, the prince and princess of wales, the king and queen, the duke and duchess of edinburg and louise. this looks different from balconies of past. maybe in line with king charles slimmed-down monarchy but there is a question of whether that e is fit for purpose when two of its most senior members have bee ....
as many of us look forward to a summer holiday, the cost of being dropped off at the airport is now higher than ever. i ll have the details on how much it s gone up. it s gold in rome for keely hodgkinson. despite struggling with illness, she wins the european 800m title once again, with the olympics just around the corner. after a brighter, sunny start in central and eastern areas, rain in the west will cross us all except for the far east and it will be windy especially in the west. all the details later. it s thursday the 13th ofjune. our main story. labour will publish its election manifesto this morning, with sir keir starmer saying he is putting wealth creation at the heart of his plans for government. he s said there will be no surprises on tax and has ruled out increases in vat, income tax and national insurance. the conservatives have challenged labour to match their own range of tax pledges for families and businesses. our political correspondent damian gramma ....
we ll be in rome for the latest. also coming up on sportsday. it s a battle of the brits in nottingham dart and boulter go head to head, as the grass court season begins. and more milestones forjamie chadwick. she speaks to us after victory at a prestigious indy car event at the weekend. hello there, and welcome along to sportsday, and we re kicking off with the countdown to the european championship which starts on friday, with the hosts germany against scotland england s campaign begins at the weekend. they re one of the tournament favourites and received a royal send off before flying out today. gareth southgate and the team will be based in the centre of the country, an area called blankenhain in the city of erfurt, ahead of theirfirst game in gelsenkirchen to face serbia on sunday. they ll then go on to play denmark and slovenia. a big couple of weeks ahead so let s speak to our correspondent andy swiss who is at the england base for us. andy swiss who ....