A team for modern britain. Im lukwesa burak, also this morning after yesterdays heat heavy rain and thunderstorms hits parts of the uk on what was a warm and uncomfortable night for many. And the warm conditions are set to continue with temperatures forecast to reach 36 degrees in some places today. Good morning and welcome to downing street, where today the keys to this famous address behind me, and the power that comes with office, will be handed over from theresa may to borisjohnson. Mrjohnson will become our next Prime Minister this afternoon, after winning the conservative leadership contest yesterday. Lets take a look at some of the key moments of the day ahead. Theresa may will take part in her last Prime Ministers questions at midday in the house of commons. Shell then travel back to downing street for a lunch and a staff farewell before making a short speech outside number ten. She will then go to Buckingham Palace to meet the queen and tender her resignation. Then we expect b
Threshold. And much. For our viewers, you about the threshold. And the much. For our viewers, you about the threshold. And the allowance. Much. For our viewers, you about the threshold. And the allowance. What l threshold. And the allowance. What is the difference . Personal allowance and then weve been talking about Tax Thresholds as well. ,. ,. Talking about Tax Thresholds as well. ,. ,. ,. ,. ,. ,. , well. The personal allowance is that first threshold. Well. The personal allowance is that first threshold. Everyone well. The personal allowance is that first threshold. Everyone who well. The personal allowance is that first threshold. Everyone who earns| first threshold. Everyone who earns a wage in the uk can earn 12500 and 70p and not pay a penny of income tax on that money. The problem for us is when inflation starts to push our wages up, us is when inflation starts to push ourwages up, and us is when inflation starts to push our wages up, and we are earning more than that, that w
Vaping products will come in october 2026 and the existing tax on tobacco will increase. The chancellor says thats in order to maintain the financial incentive to choose over smoking. Windfall tax on the profits of energy firms draw will be extended into 2029 even that was previously scheduled to end in 2028. Increase in flight duty for Business Class tickets, non dom tax free dream on People Living overseas and didnt that it will be replaced with new rules from april 2025. Bigger picture the uk economy now. The obr, office of budget responsibility predicts the economy is going to grow and add 1. 9 we are currently on a technical recession. Inflation rate forecast to fall below 2 target this year but the underlying debt. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year, rising to 92. 8 next year. The government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but
Its been a big news week on both sides of the atlantic with the budget dominating the domestic agenda, and in the united states, the president s state of the Union Address and super tuesday. The latter, a series of primary votes in 15 states and one territory, crucial in selecting the candidates for this autumn s president ial election, pretty much confirmed what we already knew that were heading for a Rerun Contest of biden versus trump. The bbc s coverage elicited this response from graham, in chingford. Last week, we broadcast a plea from viewer alan watts for a ban on the word expected and on speculation in general in regard to coverage leading up to the budget. As we speculated might be the case, his appeal fell on deaf ears. So, do we have any sense of which taxes might be cut . The government wants a positive headline, so we understand they are carrying on with trying to cut personal taxes. Weve got the chancellor in two days time. If he was listening tonight, what are you hopin