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Transcripts for BBCNEWS BBC News 20240604 09:22:00

the government down and you level. 1.11 and debate. the government borrowing - down and you level. 1.11 and debate. the government borrowing market. down and you level. 1.11 and debate. i the government borrowing market over the years. the government borrowing market over the years. normally the government borrowing market over the years, normally you the government borrowing market over the years, normally you borrow- the government borrowing market over the years, normally you borrow moneyi the years, normally you borrow money over the the years, normally you borrow money over the years. the years, normally you borrow money over the years, normally the years, normally you borrow money over the years, normally quite - over the years, normally quite stable over the years, normally quite stable it over the years, normally quite stable. it was over the years, normally quite stable. it was already- over the years, normally quite stable. it was already high i over the year

Treasury Committee seeks vital forecast assurance from chancellor

Transcripts for BBCNEWS Breakfast 20220128 06:02:00

the armed forces ministerjames heappey appeared to concede that raising national insurance from april to pay for the covid backlog in social care, was unpopular, describing opposition among the audience in morecambe as absolute. everybody in the room is against it. everybody in the room is. is that fair? are you all against it? yeah. audience applauds. mr heappey also said that the government was in listening mode. you ll have noticed that the top of the government is in listening mode at the moment. and, erm. but the cabinet took the decision, and i think that it s important to recognise that actually as a tax, it will i think sort of 50% of the revenues raised by the top 14% of taxpayers, and there s six million people that pay nothing at all, so, erm, you know, it isn t the, eh, the blunt instrument that some people have described it as. there are calls from some conservative backbenchers for the rise to be delayed for a year. mel stride, who chairs the treasury select committee,

Transcripts for BBCNEWS BBC News 20220128 10:13:00

the blunt instrument that some people have described it as. there are calls from some conservative backbenchers for the rise to be delayed for a year. mel stride, who chairs the treasury select committee, told newsnight that he believed there was wiggle room in the public finances to allow it. the economy is doing quite a lot better than the obr forecast at the time of the last budget, so we ve got that additional fiscal headroom. and the question then becomes, how do you use that? asked yesterday if the rise would go ahead, the prime minister said it was absolutely vital that covid backlogs and social care were fixed. his official spokesman later said there were no plans to change what had previously been set out. a treasury source said there had not been any discussions about changing the policy. helen catt, bbc news, westminster. carl emmerson is the deputy director of the institute for fiscal studies, an economic research institute

Transcripts for BBCNEWS Breakfast 20220128 07:03:00

everybody in the room is. is that fair? are you all against it? yeah. audience applauds. mr heappey also said that the government was in listening mode. you ll have noticed that the top of the government is in listening mode at the moment. and, erm. but the cabinet took the decision, and i think that it s important to recognise that actually as a tax, it will i think sort of 50% of the revenue s raised by the top 14% of taxpayers, and there s six million people that pay nothing at all. so, erm, you know, it isn t the, eh, the blunt instrument that some people have described it as. there are calls from some conservative backbenchers for the rise to be delayed for a year. mel stride, who chairs the treasury select committee, told newsnight that he believed there was wiggle room in the public finances to allow it. the economy is doing quite a lot better than the obr forecast at the time of the last budget, so we ve got that additional fiscal headroom. and the question then becomes, how

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