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, the obr,
good evening from hull, where on the day ofjeremy hunt s autumn statement we ve been talking to people here, about how they feel the chancellor s plans will affect them. we are at the street life museum which celebrates this great port city s economy and transport and from here we ll be assessing jeremy hunt s tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. 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 the obr says its forecasts for growth are sharply lower than predicted and that s for the next two years. the obr also says that
hostages all of them women and children will be released. if successful, it will be the first break since the beginning of the war. in a statement, israeli prime minister benjamin netanyahu said: at least 50 hostages women and children will be released over four days, during which, a pause in the fighting will be held. the release of every additional ten hostages will result in one additional day in the pause. earlier, israel published a list of 300 palestinian prisoners that could be released under the deal. that is crucial because it gives scope for an instant for an extension, and it includes the names, ages and defences of those eligible. but only7150 detainees?are expected to be released at first. in its own statement, hamas which is considered a terrorist group by many western governments says the 50 hostages will be released in exchange for 150 palestinian women and children being held in israeli jails. we are in hostages plaza in tel aviv. this has re