chancellor of the exchequerjeremy hunt has described his autumn budget statement. 27 million workers will see their main national insurance contributions cut from 12% to 10% from january. and a tax break for companies that invest in new equipment will be made permanent, which mr hunt claims is the biggest business tax cut in modern history . also announced the news that from april, universal credit and disability benefits will go up by 6.7 percent. but those on welfare will have to take a work placement within 18 months or risk losing their benefits. the state pension will go up by 8.5% to 221 pounds 20 a week. the minimum wage for those aged 21 and older will go up to 11 pounds 44 an hour. pouring some cold water on all this however, a report out from the uk s independent spending watchdog, the office for budget responsibility. it warns that despite the new cuts, overall tax as a percentage of national income will soon be the highest since the second world war. here s our p
Socialising online or talking to your ai device in the home . We will get the inside track on what the worlds top digital agencies are doing with your data. And as ryanair continues to cancel 40 50 flights every day we want to know has it put you off flying with the airline . Let us know. Just use the hashtag bbcbizlive. Hello and welcome to business live. A very warm welcome to the programme. Uk Prime Minister, theresa may, is in canada getting involved in a trade dispute between the us and canada. Why . Well, it all centres on a dispute over state subsidies that involves canadian plane firm bombardier and rival us plane maker, boeing. Today mrs may will discuss that with canadian Prime Ministerjustin trudeau. So whats going on . It all relates to canadian government subsidies. All aircraft manufacturers get money from their governments to help with the huge cost of developing new planes. But the us giant boeing says bombardiers support was against the rules and it unfairly helped the
Cata la n this after the statement from the catalan president. What happens next . Well, weve got to wait and see. Well be talking textiles with a man whose company is reviving cotton making in the north of england. But can it compete with cheap imports from overseas . And celebrity Chef Gordon Ramsay says brexit will be a wake up call to british workers. It was more colourful than that. Do you agree . Send us your comments. Yes, some select language from the celebrity chef there we will talk about that later. Hello and welcome to business live. We begin injapan, where the countrys reputation as a manufacturer of quality products seems to be at stake. Following a string of scandals from manufacturers including airbag supplier takata, and car maker nissan, kobe steel is now under fire. Japans Third Largest steel maker has admitted it falsified data over the strength of some of its aluminium and copper products. Its a big deal because kobe steels products are used in things like cars, ai
Highest paid male actors. Over a quarter of the wages are paid by streaming giant netflix. Hello and welcome. The Us Democratic president ial candidate, joe biden, has chosen the california senator and one time rival for hisjob, Kamala Harris as his running mate for novembers election. Ms harris is the first African American woman on a major president ial ticket in us history. Heres our north america correspondent, david willis. Apologies, we are having some technical issues of that report and will bring it to you a little later. Joining me now live from new york is suzanjohnson cook, shes been an adviser on race to president clinton and ambassador at large for International Religious freedom in the obama administration. Welcome to you, thank you very much for being with us. Tell us more about, le harris and the significance of this decision to select her as Vice President a running mate Kamala Harris. My honour to be on your show and thank you for having me. It is significant for many
President trump has said he will sign a trade agreement with beijing this month but big commercial disputes still remain between the us and europe well bring you all the details shortly. This also in the programme the battle to take on amazon in india is hotting up as asias richest man enters the fray to start a grocery delivery and. The smartwatch is no threat to switzerlands luxury watch makers. We hearfrom the president of the prestigeous Patek Philippe brand and well be getting the inside track on Impact Investing in stocks and shares which focus on equality, tackling Climate Change and disruptive technology. And many people say they are giving up meat this january and opting for plant based foods. Some big names in fast food are cashing in on the trend and launching new plant based options. Wed like to know what are you giving up as we enter a new year . Or perhaps, what you arent giving | let us know just use the hashtag bbcworklife. Hello and welcome to worklife. Is this a vegan