Were at westminster in our Budget Studio on the day chancellor Philip Hammond delivered his first budget. As the government prepares to start the process of leaving the eu within weeks the chancellor said the budget prepared britain for a brighter future. Borrowing forecasts have been revised downwards for the next few years. Theres more money for social care in england and a controversial move to raise National Insurance contributions for Self Employed workers. Labour accused the chancellor of producing a Budget Of Utter Complacency which ignored a crisis in Public Services. Well have details and reaction from westminster and beyond. But first lets take a look at those key announcements made by the chancellor earlier this afternoon. The chancellor announced a 1 increase in National Insurance bills for many Self Employed people plans that would raise £145 million a year by 2021 22 a pledge which appears to contradict a conservative manifesto pledge not to raise National Insurance. He
But its still not far enough. Ten months ago, britain stood on the edge of the precipice. A vote for brexit said the government would be disastrous. The hit to the uk economy would be so great, there would be spending cuts and tax rises, almost immediately. Well, what a difference ten months on. As the country prepares to start the brexit process, phillip hammond, todays chancellor of the exchequer, was sounding a very different tone. I report today on an economy that has continued to confound the commentators with robust growth. A Labour Market delivering record employment and a deficit down by over two thirds. As we start negotiations to exit the european union, this budget takes forward our plan to prepare britain for a brighterfuture. And the reason for this cautious optimism is the growth rate for the uk economy for 2017 it has been revised upwards from 1. 4 to 2 , while employment is forecast to grow every year to 2021. Far from the immediate recession predicted by remain campaig
Of frost around, mild in the west, cloud and outbreaks of rain and hail fog around. Quite a contrast is friday begins, the cloud and drizzly rain will win out. On friday things look very different, with plenty of cloud around, but it will feel very similar because it will still be mild. More unsettled at the weekend, we will bring these Weather Fronts across the uk but there are gaps in between and if you find yourself in a gap it will be drier and brighter for a time. The weekend starts mild but we will change the direction of bit. From the west of the uk, it will bring temperatures down by a couple of degrees by sunday. Not by much. Occasional sunshine, degrees by sunday. Not by much. Occasionalsunshine, occasional rain, feeling cooler by sunday. The top stories the Philip Hammond has increased National Insurance for Self Employed people in his first budget, leading to accusations he has broken a Manifesto Pledge not to raise taxes. The budget also included an extra £2 billion for t
the nfl, $793,000 to $3.3 million. so very clearly a high rise in player salaries. salaries are going up. this is the thing i think people need to appreciate. yeah. the teams are making a fortune now. this is exactly right. john and i had this back and forth over text and thought we would bring it to you. look at the average team valuation. adjusted for inflation. 1995, mlb, $216 million. now $2.1 billion. the nfl, $284 million, now $3.5 billion. the nba, $203 million, now $2.5 billion. ten times as high versus the player salaries which have really only gone up, say, three to five times as high. that s the point, exactly. everyone complains ss more valuable, the salaries only three to five times. that s important to know here. what about the top salarys? if we look at the top salaries here this is another way of looking at this, adjusted for inflation. the mlb, $7.3 million, now $43.3
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