by the end of the day we are going to be talking about some pretty big squeezes on household incomes, particularly for the middle. for the simple reason that tax thresholds are going to be frozen. that means as pay goes up a bit people are paying more tax because more of the money they earn counts in different tax thresholds. there is going to be higher energy bills from april. there is still going to be government subsidy. it is still going to keep bills down from what they could have been but it is going to mean households are paying hundreds of pounds extra next year. there are going to be big spending squeezes that are going to have a real impact on government departments. the only one i know for sure that is going to continue to see real terms increases is health. other than that i think there is going to be a lot of bad news for government departments, and that will of course have a knock on effect. now, it s not all bad news and the government is going to argue
energy producers. that being extended and widened. jeremy hunt was trying to present a picture of trying to actually help people in the short term, boost the economy and try to counteract some of the effects of the recession. actually try to defer some of the more difficult decisions down the line, so lots of things planned in terms of a reduced rise in departmental spending for 2024 and beyond, so taking us into next general election territory and leaving difficult decisions for whoever comes into government next and the labour party facing questions about that. i think in terms of the media picture the government was trying to present is that it was somehow rosier than had been portrayed. and a lot of the work to restore the credibility of the tory government in light of the mini budget announced by liz truss and kwasi kwarteng a few weeks ago,
from now on? i of further strikes being avoided from now on? of further strikes being avoided from now on? ~ , ., from now on? i think there is a good chance that from now on? i think there is a good chance that strikes from now on? i think there is a good chance that strikes for from now on? i think there is a good chance that strikes for the from now on? i think there is a good chance that strikes for the next - chance that strikes for the next couple of weeks will be cancelled because both parties will be re appraising the situation and working out what can be done. the minister has put the good hand of faith out to the union, the union has said that is a great start. the fundamentals remain the same. in 2021, the railway companies received £16 billion a government subsidy. there needs to be cost cuts. staff make up the most variable and easily adjustable cost to the railway so there are hard times ahead for staff and this is something that needs to be brushed out so that
and if there is, what s that solution look like? well, i think we should be happy with the evolution. you don t see a lot of you don t really see a lot of complaints about gouging. it s not prevalent. and i think consumers are now attune to price to demand and supply pricing due to uber, bruce springsteen $5,000 tickets. we understand supply and demand. and prices are moderating their price increase due to sort of the moral pressure on them. so that s one thing. and i think that s really without the government doing anything. but also i think in the article you that mentioned, i suggested subsidizing the government subsidizing certain types of products, for instance, water and gas and bread and milk. and what you would do, sellers would sell at the normal price, and they would receive a government subsidy for the amount of products they would sold. this would encourage the invisible hand to go and get more supply. i was on a libertarian
so basically anyone who went to college before the 80s or 90s benefited from an enormous amount of government subsidy of higher education, far more than $10,000 a person. so the idea that those earlier generations were entitled to a lot of federal government help in order to get educated that younger generations are somehow taking a hand out is really core to the generational divide over this issue. extra i want to read a little bit from something that you wrote in the wake of this new saying $10, 000, or even $20,000 does not begin to chip away the interest that has capitalized on balance sheets and it won t reduce their monthly basements. you re wondering what you make about this cap on monthly