Another 2 cut in the pound in National Insurance , the National Insurance, the centrepiece of his pre election budget. But figures suggest expected rises in council tax will wipe out any benefits felt by households. Speaking after his statement in the commons today, jeremy hunt said his budget marks a big reduction in the tax bill for ordinary families. Families. What you see is that after a four percentage point cut in National Insurance , there is National Insurance, there is a big reduction in the tax bill for ordinary families , and that for ordinary families, and that is because the economy has turned a corner. Weve stuck to the plan we have. The forecasts are much more optimistic for the economy going forward. And as conservatives, we believe that if we bring down the tax burden that will fire up the economy, create more jobs, more money for pubuc create more jobs, more money for Public Services like the nhs, one more. So what are the key elements of other parts of the Spring Bud
Turned a corner. Weve stuck to the plan we have. The forecasts are much more optimistic for the economy going forward. And as conservatives, we believe that if we bring down the tax burden that will fire up the economy, create more jobs, more money for pubuc create more jobs, more money for Public Services like the nhs, one more. So what are the key elements of other parts of the Spring Budget . Well, the non dom tax status is to be scrapped and replaced by what the chancellor calls a modern residency system. The Great British pub will also get a boost from freeze on alcohol duty child benefit threshold goes up to £60,000 a yean threshold goes up to £60,000 a year, and the £0. 05 cut to fuel dufies year, and the £0. 05 cut to fuel duties locked in for another 12 months. Also in the budget, the vat registration threshold goes up from 85 to £90,000 a year. The pensions regulator will get new powers to make sure people get defined contributions and better value from their investment
Soon. Very nice to have your company this morning. The top story on this Tuesday Morning is were one day out from the chancellor handing down his spnng chancellor handing down his Spring Budget, where rejuvenating the economy and addressing the cost of living will be front and centre. Politically, though, there is pressure to try and turn the tide in the polls as the conservative supporters fallen to its lowest level on record, according to a new humiliate ing ipsos poll. And to top it off overnight, the government has suffered a string of defeats in the house of to its immigration of lords to its immigration policy , the rwanda bill. Policy, the rwanda bill. So ahead of the budget tomorrow, to the tomorrow, weve taken to the streets in east streets of cottingham in east yorkshire , as well as glasgow in yorkshire, as well as glasgow in scotland, see what want scotland, to see what you want to see the chancellor. To see from the chancellor. Like to see him listen to id like to see him
Galloway has to say. It will be very interesting, though, to see what the reaction is in the room, in the building, in the commons , to see if people arent commons, to see if people arent too happy to see him there. Well, precisely. Well, precisely. Its been quite a while, almost nine years since he was last a member of parliament, but he will be being introduced dunng he will be being introduced during our airtime. We will show you him walking in to the house of commons, flanked on one side by sir Peter Bottomley, the father of the house, and on the other side, Jeremy Corbyn. Now not everyone there were other people asked, werent there other politician was asked to accompany him. To accompany him. Initially, david davis was going to be the man walking to his left, taking him in. But hes backed out of that commitment and left it to the father of the house. Yes. So let us know. Do you think hell be shunned entirely, or do you think actually he might find a few allies in the house that a
Sale. And thats all coming up in your next hour. Sale. And thats all coming up in your next hour. Welcome to in your next hour. Welcome to the show. Hope you had a fantastic weekend. We got a massive week ahead and weve got loads starting in Parliament Today. Galloway is back but is he a monster of westminsters own making or is it democracy in action . Well have his speech live in about 20 minutes time, and the full reaction . Could it and the full reaction . Could it signify a holy or unholy reunion of the hard left Jeremy Corbyn . Diane abbott was spotted earlier in parliament, delighted that galloway is back. All that to discuss and loads more. But first its time for your latest News Headlines with tatiana sanchez. Martin, thank you and good afternoon. Your top stories from the gb newsroom. The chancellor says he wants to move the uk to a lower taxed economy, but will only do so in a responsible way. Jeremy hunt made the comments while visiting a plant in wiltshire , where he also w