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
Ministers questions. It is always a little different, the pmqs ahead of the budget. He has vacated the chair for the Deputy Speaker. She will be going through some of the notices ahead ofjeremy hunt, the chancellor, delivering his Budget Statement. He will take to his feet shortly and will probably speak for about an hour shortly and will probably speak for Aboutan Hourand shortly and will probably speak for about an hour and then it will be the turn of the leader of the opposition, keir starmer to respond. We will take both of those live and uninterrupted and we will then have reaction from the Chief Secretary to the treasury, laura trott, part of the treasury, laura trott, part of the Treasury Team and her shadow for labour. Here isjeremy hunt. Madam Deputy Speaker, as we mourn the loss of life in israel and gaza, the loss of life in israel and gaza, the Prime Minister reminded us of the Prime Minister reminded us of the need the Fight Extremism and heal divisions. I start today by r
british prime minister, liz truss, has defended her government s chaos, and a sharp drop in the value of the pound. hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me arejessica elgot, deputy political editor at the guardian and emma wolf an author and journalist. we usually start with newspaper front pages, but the economist magazine s cover is so eye catching, we thought we d kick off with it: under a banner of how not to run a country it shows liz truss and kwasi kwarteng in a sinking rowing boat named great britain . the i newspaper continues the theme with the banner: tories fear wipe out after three weeks of truss as pm, also highlighting the yougov poll which they suggest shows more than half of voters would back the opposition in a general election. the times picks up with new bad news. the daily mail echoes the sentiment trust i am not for turning. the guardian looks ahead to tomorrow s meeting between liz truss and br
financial markets spooked by downing street s economic plan. us vice president kamala harris is set to travel to south korea as she continues her asian tour. she s expected to visit the demilitarised zone hello and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me are the writer and broadcaster mihir bose and the sun s political and environment correspondent natasha clark. welcome back. same stories still dominating come of that for us us to look a0 minutes ago, different papers this time, though. squeaky fun time is the main headline mayor you can see and the sun, which reports that britain s pension funds nearly saved from having to sell many of their assets by the bank of england s intervention. xpress it was a day of turmoil on the markets again, quoting ministers who say the tax cut budget was still the right plan. the eft focuses on the bank of england £65 billion plan to buy government debt and has a chart showing how that move b