Vaping and smoking, but the Office For Budget Responsibility warns the government could find it hard to balance the books. Heres our business correspondent, emma simpson. Did you catch any ofjeremy s budget . It was a chance to turn around the fortunes of the Conservative Party. But was it enough . I think its good that the workers are going to get money back in their pockets. But then if you think about the Cost Of Living and how everything is going up, then maybe they could have given a little bit more back. Anything that cuts taxes, i wish he would have done something a bit more for savers, were in a position where were living off savings. I think theyre trying to do it in light of a General Election and probably not really thinking about what the benefit to the country is. The centrepiece of this budget was a £2 billion cut was a 2p in the pound cut to National Insurance, a tax paid by workers. So who are the winners and losers if you include all the changes to tax and thresholds
Targeted in place already. Banks need to make sure that if someone comes to them to say i was struck with my mortgage this month because it has gone up by a massive amount thanks to Interest Rate rises and looks set to increase again tomorrow, those banks need to tell customers, we can sort you out with a mortgage holiday, an extension to your term it or even shifting temporarily to an interest only mortgage. Those are things that banks have the power to do. And supermarkets play such an important role, we have seen 26 inflation in the last four years in the food industry, so if supermarkets can move the budget ranges they have an out of into convenience stores, that would help people. Would help people. Research also found that people would help people. Research also found that people werent would help people. Research also i found that people werent optimistic that their situation would improve. What have you learned about what the trends could be Going Forward . I join them and that
time for a look at the weather. here s darren bett. it s turning cooler over the next few days. the cooler air is in the north west, pushing down from the north west, pushing down from the north west behind this band of thick cloud that brought a lot of rain into cumbria. we ve got that rain pushing south eastwards across england and wales. it s becoming a little lighter and more patchy as it moves towards the south east. further north across the uk will have clearer skies so this time it s going to be much colder across northern areas, temperatures in eastern scotland and north east england could be down to 5 6, it will probably start sunning in these places. we ve got the cloudy weather across east anglia and the south east throughout tomorrow and they will be rain at times. the weather should cheer up in the midlands, other parts of england and wales seeing some sunshine, maybe one or two showers but the showers will be scattered across scotland and northern ireland on the
trends could be going forward? i join them and that is, i am not particularly optimistic. we haven t even seen half of the mortgage rise impact come through as people are slowly starting to shift off fixed term deals on mortgages as they start to expire, so the average person remortgaging next year will have to find on average £2900 more in the budget to pay the mortgage they have had for years. on top of that, we are in the summer time and people are struggling with energy bills, which are twice what they were before the pandemic, come winter, if the temperatures drop funk on the people need to put on their heating have the lights on, they will see higher energy bills as well. not that far off what they were last winter, potentially, thanks to the withdrawal of all government support. it is right that people are feeling worried and feeling worried about the entire