colder. i will have the details shortly. good morning. it s six o clock on 6 january. our main story: the metropolitan police has confirmed it s investigating potential fraud offences, in relation to the wrongful prosecution of hundreds of sub postmasters by the post office. around 700 people were blamed for accounting mistakes caused by faulty it software, which made it look like money was missing. some were wrongfully imprisoned, in a scandal which was dramatised on itv. our reporter vincent mcaviney has more. mr bates vs the post office has brought to light a story for years those in power wouldn t believe. for the post office branch managers across the country over two decades, it s been a nightmare they couldn t escape. i haven t got that money. and i don t know where it s gone. noel tomas, a former sub postmaster in anglesey, was one of those wrongly sent to prison in 2006. this week has offered some catharsis after years of torment. the rest of the country knows how th
from your salary to help fund the state pension. from today, contributions in the basic tax band are being cut from 12% to 10%. the chancellor says everyone will take home a bit more cash. we ve already started cutting taxes and that s what s happening today. a 2% cut in national insurance, that is nearly £1000 for a typical family with two earners. and that is a very significant change, because it was right to put up taxes to pay back the debt from the help we gave families during covid and during the cost of living crisis, but now we have turned a corner, brought down inflation, the economy is doing better, we ought to bring down the tax burden and this 2% cut will make a very big difference to families up and down the country. the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000
the economy is doing better. we want to bring down the tax burden. and this 2% cut will make a very big difference to many families up and down the country. the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000 a year could be £62 a month better off. the treasury says two million people who are self employed will also benefit, but not until april. it plans to scrap the voluntary contributions they make on taxable earnings. it s also worth noting that any contributions in the higher tax band above £50,000 or so will remain at 2% for everyone. however, experts point out that the government has also frozen income tax thresholds until 2028, meaning more people are now paying tax. i don t want to look a gift horse in the mouth, but overall it s not going to make a very much difference because the amount of income tax that we re paying is going
the change means if you earn £35,000 a year, the average uk wage, you could save £37.38 a month. someone earning £50,000 a year could be £62 a month better off. the treasury says 2 million people who are self employed will also benefit, but not until april. it plans to scrap the voluntary contributions they make on taxable earnings. it s also worth noting that ni contributions in the higher tax band above £50,000 or so will remain at 2% for everyone. however, experts point out that the government has also frozen income tax thresholds until 2028, meaning more people are now paying tax. i don t want to look a gift horse in the mouth, but overall it s not going to make very much difference because the amount of income tax that we re paying is going
negotiate in the coming months or month. thank you, sir. see you at 9:20 on fbn. martha. martha: how much exactly do the top 10% of american households pay in taxes? according to the tax foundation the top 1% pay about 37.38% of the total tax burden renn in this country. more than a third, close to 40%. the top 1% earn around $370,000 or more. so that is who falls into that big group. bill: we re in sequester land right now. martha: we are. how do you like it so far? bill: i m doing okay. the sun came up. martha: so far, so good. bill: house speaker john boehner says do not blame him for failure to avert across the board spending cuts. he went all-out to find common ground before with the white house before sequestration kicked in. listen to this from nbc. there is no one who tried harder to come to an agreement with the president to deal with the long-term spending problem, no one. it is unfortunate and we have not been able to come