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Transcripts for BBCNEWS BBC News at One 20240604 13:04:00

pgy- the thresholds at which you start to pay. they are frozen until 2028, which means as wages start to go up, everybody pays more in tax. from april, more people will be paying at the higher rate, too, as the threshold is being lowered from £150,000, down to £125,000. the chancellor insists the changes are fair. , , . ., fair. the independent office for bud . et fair. the independent office for budget responsibility - fair. the independent office for budget responsibility said - fair. the independent office for budget responsibility said that| fair. the independent office for . budget responsibility said that the measures that we announced yesterday will make the recession lighter. it will make the recession lighter. it will mean that around 70,000 jobs are saved. so i think that will give people confidence that, yes, this is difficult but there is a plan. we are going to get through it. we are going to bring inflation down and we are going to start to grow the economy much more he

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