Another 2 cut in the pound in National Insurance , the National Insurance, the centrepiece of his pre election budget. But figures suggest expected rises in council tax will wipe out any benefits felt by households. Speaking after his statement in the commons today, jeremy hunt said his budget marks a big reduction in the tax bill for ordinary families. Families. What you see is that after a four percentage point cut in National Insurance , there is National Insurance, there is a big reduction in the tax bill for ordinary families , and that for ordinary families, and that is because the economy has turned a corner. Weve stuck to the plan we have. The forecasts are much more optimistic for the economy going forward. And as conservatives, we believe that if we bring down the tax burden that will fire up the economy, create more jobs, more money for pubuc create more jobs, more money for Public Services like the nhs, one more. So what are the key elements of other parts of the Spring Bud
Turned a corner. Weve stuck to the plan we have. The forecasts are much more optimistic for the economy going forward. And as conservatives, we believe that if we bring down the tax burden that will fire up the economy, create more jobs, more money for pubuc create more jobs, more money for Public Services like the nhs, one more. So what are the key elements of other parts of the Spring Budget . Well, the non dom tax status is to be scrapped and replaced by what the chancellor calls a modern residency system. The Great British pub will also get a boost from freeze on alcohol duty child benefit threshold goes up to £60,000 a yean threshold goes up to £60,000 a year, and the £0. 05 cut to fuel dufies year, and the £0. 05 cut to fuel duties locked in for another 12 months. Also in the budget, the vat registration threshold goes up from 85 to £90,000 a year. The pensions regulator will get new powers to make sure people get defined contributions and better value from their investment
Oh, its the final countdown. Thats right. Europe, is it. Europe . There is a band called europe . Remind me too never listen to them. Its 10 00 a. M. Eastern. Any moment the Supreme Court will issue one ruling today. Well likely hear a decision on the colorado case. It will derm determine if donald trump could be kept off the ballot. Check the markets. The dow is down 70 points. Minor losses for the s p and nasdaq. The treasury is well below a quarter percent. Oil hit 80 bucks per barrel earlier. Bitcoin 66,178 per coin. Now this. It was a terrible weekend for President Biden. So bad, the wall street journal called it panic time at the white house. It started when the New York Times revealed polling. An as astonishing 61 believe hes too old for the job. Among all voters 73 said hes too old to be effective. This is the New York Times giving the democratic their marching orders. PresPresident Trump is leading among hispanics. Thats a 21 swing. Biden leads among black voters. Trump gets 3
Australia. I am in sydney where markets have just come online. I am in hong kong counting down to asias trading open and the top stories this hour. U. S. Stocks lose esteem near record highs as traders race for data and fedspeak. Treasury yields rising after options of two and fiveyear notes. Haidi tumbling 37 on lower asset prices and 1. 5 billion in writedowns. Annabelle and china calls on australia to support entry into a transpacific trade block at the wto chief called for reform to revive global commerce. Haidi a cautious session is what we are setting up for this tuesday morning. This is the start of the staggered session coming online. Woodside will be one of the last segments to come online in alphabetical order. Woodside profits sliding on lower prices. We are expect in a bit of pressure on how the stock trades today. We had the 1. 5 billion in charges with earnings falling a cross 2023 as production increased to a record. Taking a look across the rest of the markets, we are s
Services hotter as the guys on the prior show were talking about. The ten year is up. Nonetheless, thats weighing on the market a bit. Joe, i want to focus on apple down almost 3 , and theres a story in the journal today theyre going to test the limit on pricing of this new iphone which, by the way, is a week from yesterday is the reveal of all of that. Do we need to worry about apple . If you have to worry about apple, youd Better Believe you have to worry about the market, i would think. I think when you ask the question, do we need to worry about apple, do we believe apple is going to return to the overall personality in which it traded in the Fourth Quarter of 2022 . I am not of the belief we will go back to that place. I think were somewhere in the middle. The enthusiasm, the excitement surrounding apple needs to be tempered. If you are overweight apple, you need to take a look at that. And i think at certain times in the market you have to understand that balance is the right pos