richard walker. former cabinet minister andrea leadsom. and the bbc s deputy political editor, vicki young. the chancellors day began like this. this 45p rate was simply a distraction in our mission to achieve higher growth. a u turn on the scrapping the 45p top rate of tax a policy he d announced in his mini budgetjust 10 days ago. now, in a little under 15 minnutes he ll be addressing the party faithful to persuade them that he is the man to be trusted with the economy through turbulent times. welcome to politics live in birmingham. andrea led some, after the market turmoil following the mini budget on the 23rd of september by kwasi kwarteng, and then the dramatic u turn overnight and this morning, on a central plank of that budget, and the economic perspectives of the government, how damaged is kwasi kwarteng s authority? i damaged is kwasi kwarteng s authori ? ~ ., , authority? i think it was really important authority? i think it was really important that author
maintaining the 5p a litre cut in fuel duty and not putting it up in line with rising prices. that saves the average driver £100 next year and around £200 since the 5p cut was introduced. the headline rate of corporation tax is going up, not popular among all his mps. businesses will pay less, though, if they put money into their future growth. that means that every single pound a company invests in it equipment, plant or machinery can be deducted in full and immediately from taxable profits. a big part of this budget is getting more people into work. there are measures to help those with disabilities and 50 and 60 somethings tempted to retire. now they will be able to save more in a pension, tax free every year and the chancellor will. but it will not be fully up and running
soaring energy bills have been a massive factor in crippling family finances in the last year. the government s help to ease the burden is to be extended until the summer. this measure will save the average family a further £160 on top of the energy support measures already announced. here is another choice the chancellor has made, maintaining the 5p a litre cut in fuel duty and not putting it up in line with rising prices. that saves the average driver £100 next year and around £200 since the 5p cut was introduced. the headline rate of corporation tax is going up, not popular among all his mps. businesses will pay less, though, if they put money into their future growth. that means that every single pound a company invests in it equipment, plant or machinery can be deducted in full and immediately from taxable profits. a big part of this budget is getting
workers, schools closed, demonstrations.- workers, schools closed, demonstrations. ., ., , ., demonstrations. do you have money to end the strikes. demonstrations. do you have money to end the strikes, chancellor? demonstrations. do you have money to end the strikes, chancellor? the - end the strikes, chancellor? the answers or end the strikes, chancellor? the answers or lack end the strikes, chancellor? the answers or lack of end the strikes, chancellor? the answers or lack of them would come down the road in parliament. the overall message, things are tough but improving. i overall message, things are tough but improving- but improving. i report today on a british economy but improving. i report today on a british economy which but improving. i report today on a british economy which is - but improving. i report today on a british economy which is proving l but improving. i report today on a i british economy which is proving the doubters wrong. the uk will not now ent