under your pillow, what are your thoughts? 50 under your pillow, what are your thoughts? under your pillow, what are our thou~hts? ., , your thoughts? so we have been on day two. your thoughts? so we have been on day two, today, your thoughts? so we have been on day two, today, thursday, . your thoughts? so we have been on day two, today, thursday, of| on day two, today, thursday, of the budget. the big picture thing is that some of the think tanks, westminster s brains beyond government have been crunching through it and they have concluded what many a newscaster will know as the kind of bleeding obvious really, but they presented in the spreadsheet and the rest of it, which is that times are really tough people, that wages are squeezed, living standards are squeezed, living standards are squeezed, living standards are squeezed, that household income is squeezed and will be for a while, that the tax burden is the highest it has beenin burden is the highest it has been i
last september there needs to be a last september there needs to be a fix last september there needs to be a fix for doctors so they work be a fix for doctors so they work more over time and they don t work more over time and they don t retire so early because of the don t retire so early because of the punitive pension charges. of the punitive pension charges of the punitive pension charaes. ., , ., charges. so doctors could have better pensions charges. so doctors could have better pensions or charges. so doctors could have better pensions or better- charges. so doctors could have better pensions or better tax i better pensions or better tax treatment for their pensions than everyone else? that would be ok? ~ , ., ., , than everyone else? that would be one ,., ., , be ok? well, there is already a fix forjudges. be ok? well, there is already a fix forjudges, so be ok? well, there is already a fix forjudges, so this fix forjudges, so this wouldn t be just unique a
they have not done that? the chancellor they have not done that? the chancellor said, they have not done that? the chancellor said, good question, chris. chancellor said, good question, chris. but chancellor said, good question, chris, but probably one you should chris, but probably one you should put to the chancellor not to should put to the chancellor not to me. the chancellor said in his not to me. the chancellor said in his statement yesterday that since in his statement yesterday that since becoming chancellor he has decided that this is a bigger has decided that this is a bigger issue thanjust has decided that this is a bigger issue than just doctors, and he bigger issue than just doctors, and he wants to fix this across the board and he wants to fix this across the board. now, look, more than half of the board. now, look, more than half ofthe the board. now, look, more than half of the people who have got £1 million plus in pensions i believe £1 millio
the fiscal conference in 2021, i set out the fiscal rules that an incoming labour government would incoming labour government would abide by, subject to that investing would abide by, subject to that investing in the things that will grow our economy. but if i look will grow our economy. but if i look at will grow our economy. but if i look at the will grow our economy. but if i look at the public finance numbers, there is the room to make numbers, there is the room to make those investments, and actually, make those investments, and actually, a good chancellor has -ot actually, a good chancellor has got to actually, a good chancellor has got to know when to say no, and iam got to know when to say no, and i am absolutely willing and happy i am absolutely willing and happy to say to people, as i ve ust happy to say to people, as i ve just said happy to say to people, as i ve just said on the fiscal drag issue. just said on the fiscal drag issue. i just said on t
pensions? because it requires a bi tax pensions? because it requires a big tax break- pensions? because it requires a big tax break. usually pensions? because it requires a big tax break. usually when - pensions? because it requires a big tax break. usually when we | big tax break. usually when we earn big tax break. usually when we earn money, we are taxed on it, at 20. earn money, we are taxed on it, at 20, or earn money, we are taxed on it, at 20, or 40. earn money, we are taxed on it, at 20, or40, or in earn money, we are taxed on it, at 20, or 40, or in this case of people. at 20, or 40, or in this case of people, 45%. now what the government are proposing is that government are proposing is that you government are proposing is that you can put in as much money that you can put in as much money over your lifetime, tax-free, money over your lifetime, tax free, a pension, and the cost tax free, a pension, and the cost of tax free, a pension, and the cost of tha