hello. i mjoanna gosling, live in westminster where in the next half an hour, the chancellor will present the government s mini budget, where tax cuts under consideration could cost at least £30bn. ina bid in a bid to boost economic growth. the government will reverse the national insurance hike and scrap the planned rise in corporation tax. it s believed they could cut stamp duty and end the cap on bankers bonuses. labour says the plans will leave people paying for much longer we ll bring you analysis throughout the day on bbc news and if you want to send in your questions or thoughts on the mini budget get in touch. i m @bbcjoannag on twitter or use the #bbcyourquestions
we are expecting to hear from the chancellorshortly. he we are expecting to hear from the chancellor shortly. he will be on his feet in the commons outlining this mini budget, the special budget. many budget which is a fiscal statement. budget. many budget which is a fiscalstatement. let s budget. many budget which is a fiscal statement. let s talk about it with our economics correspondent. what are we expecting because obviously so much has been trialled? we are talking with some of the biggest measures expecting today that we have seen for a very long time. one of the biggest tax because we have seen in 30 years to follow one of the biggest tax rises by a government that the members of the current government were in just a few months ago. we are talking about national insurance, the rise in national insurance, the rise in national insurance, the rise in national insurance and able to pay for social care, national insurance and able to pay forsocial care, but national insurance and ab
seen. lets talk more about it. today is what was first coined a fiscal event , but it s now a mini budget, but despite that, tax cut for millions are set to be unveiled, with me now is 0lly bartrum, senior economist at the institute for government. if it was a full budget it would be accompanied by an assessment. there is some disquiet that that is not happening. can you explain what is the office for budget responsibility and why was it set up? the the office for budget responsibility and why was it set up? and why was it set up? the office for budget and why was it set up? the office for budget responsibility - and why was it set up? the office for budget responsibility is - and why was it set up? the office for budget responsibility is the l for budget responsibility is the government s official broadcaster and it was set up in 2010 to provide and it was set up in 2010 to provide an objective assessment of what was going on in the economy and what the impact of certain economic
later this year but it still has some pretty sizeable changes.let s have a look at what could be announced. the chancellor will confirm it will let people keep more of their earnings by cutting national insurance contributions & go through with the plan to cut corporation tax. the government could also cut other taxes such as stamp duty and lift the cap on bankers bonuses which was brought in after the financial crash. and there could be a tightening of the rule around universal credit. the tax cutting plans under consideration could cost at least £30bn. the statement will come at about half past nine. let s speak to our chief political correspondent, nick eardley. good morning. there is not much many about what has been called a mini budget, in the next half hour, the jan slack will announce the single
and i m chris rogers the other stories on bbc news. several regions of ukraine occupied by russia begin voting in so called referendums on whether to become part of russia. protests continue across iran after the death of a young woman detained by the morality police . her father says they lied about how she died. and some promising news. scientists say a new type of cancer therapy is looking hopeful. hello, i mjoanna gosling, in westminster ahead of the government s mini budget annoncement this morning. the chancellor kwasi kwarteng is expected to unveil tax cuts and increases in public spending as part of plans to boost economic growth. it s not a full budget that s due