were worried that we were exposing british public finances to the volatility of the international gas market, so there has to be some constraints to it. but yes, we will continue to support families. labour argues the conservatives are largely to blame for the state of the economy, and that a shift in long term thinking is needed. it is so important that we have a serious plan for growing our economy and improving living standards of ordinary people. that will give us the money to invest in public services, butjust because you have to make difficult decisions doesn t mean you have to make the same decisions. the decisions and choices that labour would be making would make our tax system fairer and would grow the economy so we have the money for those essential public services. some conservatives worry raising taxes could make things worse. whatever political case is made, big decisions with a big impactare looming. jonathan blake, bbc news.
would continue, mr hunt said, but scaled back from previous plans. one of the reasons for the instability that followed the mini budget was that people were worried that we were exposing british public finances to the volatility of the international gas market, so there has to be some constraints to it. but yes, we will continue to support families. labour argues the conservatives are largely to blame for the state of the economy, and that a shift in long term thinking is needed. it is so important that we have a serious plan for growing our economy and improving living standards of ordinary people. that will give us the money to invest in public services, butjust because you have to make difficult decisions doesn t mean you have to make the same decisions. the decisions and choices that labour would be making would make our tax system fairer and would grow the economy so we have the money for those essential public services. some conservatives worry raising taxes could make things wor
big decisions with a big impactare looming. jonathan blake, bbc news. our business correspondent, marc ashdown looks ahead to thursday s autumn statement. we are expecting around the region of spending cuts of £35 billion and plans to raise £2 billion in taxes. you will be hearing a lot about tax thresholds over the coming week. no one pays any tax on earnings up to about £12,500. above that it is 20%, and above £50,000 it goes to a0%. they normally creep up every year with inflation but they have been frozen since 2026. they call this a stealth tax because it makes the treasury a lot of money. if you are lucky to earn more than £150,000, you pay 45% and they could lower that threshold and get more people paying that tax.
for the state of the economy, and that a shift in long term thinking is needed. it is so important that we have a serious plan for growing our economy and improving living standards of ordinary people. that will give us the money to invest in public services, butjust because you have to make difficult decisions doesn t mean you have to make the same decisions. the decisions and choices that labour would be making would make our tax system fairer and would grow the economy so we have the money for those essential public services. some conservatives worry raising taxes could make things worse. whatever political case is made, big decisions with a big impactare looming. jonathan blake, bbc news. in the united states, the democrats have retained control of the senate in the mid term elections, after winning a pivotal race in the state of nevada. president biden said he was incredibly pleased by the results, which are a blow to donald trump s hopes of running