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Transcripts For BBCNEWS Business 20240605

sunak promised he would cut your taxes, protect your pension and reduce immigration , repeatedly hammering a heavily disputed claim that labour would put up taxes by £2,000 for every working household. have a listen to this. this election is about the future and i m clear that i m going to keep cutting people s taxes, as we now are. can wejust. you want to put everyone s taxes up by £2,000. mark my words, labour will raise your taxes. it is in their dna. your work, your car, your pension. thank you, 0k. . . david, labour will tax it. we will raise specific taxes and we have been really clear what they are. we have already dealt with the tax rate on private schools. we want to end the non dom status completely. i think that the super rich should be paying the tax. applause. i want to get rid of the equity loopholes that are there again for the super rich and i think the oil and gas companies should be paying their fair share towards our energy. applause. so we will raise th

Transcripts for BBCNEWS Business Today 20240604 04:32:00

share towards our energy. applause. so we will raise those but we won t raise the others. so that gives you a taste of the more than one hour debate. but very little was said about their plans to boost business which many argue is the key to seeing economic growth in the uk. well, let s get reaction from the confederation of business industry mohammad jamei is their director of economic policy. good to have you on the programme. what did you make of the debate? figs programme. what did you make of the debate? the debate? as you said, it has been quite the debate? as you said, it has been quite challenging - the debate? as you said, it has been quite challenging to - the debate? as you said, it has been quite challenging to see l been quite challenging to see what has been said about the business environment and how they will boost growth from the debate last night. i think this is an area in the medium term, long term in particular, what we know for the uk economy is we know for

Transcripts for BBCNEWS BBC News 20240604 10:02:00

we can see if we stick to the plan we can bring down inflation and that is what this government is utterly determined to do. the government need to be doing its part to deal with some of the reasons why inflation is so much higher in britain than it is in similar countries around the world. the numbers today have confirmed that food price inflation, probably the most important element of inflation for most people, is still going up at almost 70% so there are still some big is still going up at almost i7% so there are still some big challenges out there. because we need to boost our own domestic economic security, we need to help bring down people s gas and electricity bills, and we need to secure for britain the jobs of the future. countries around the world are making those investments. we need to see more of it in the uk. live now to michael mcmahon, professor of economics at the university of oxford thank you for coming on the programme. what is your reaction to these numbers? figs

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