chancellor of the exchequerjeremy hunt has described his autumn budget statement. 27 million workers will see their main national insurance contributions cut from 12% to 10% from january. and a tax break for companies that invest in new equipment will be made permanent, which mr hunt claims is the biggest business tax cut in modern history . also announced the news that from april, universal credit and disability benefits will go up by 6.7 percent. but those on welfare will have to take a work placement within 18 months or risk losing their benefits. the state pension will go up by 8.5% to 221 pounds 20 a week. the minimum wage for those aged 21 and older will go up to 11 pounds 44 an hour. pouring some cold water on all this however, a report out from the uk s independent spending watchdog, the office for budget responsibility. it warns that despite the new cuts, overall tax as a percentage of national income will soon be the highest since the second world war. here s our p
to increase the personal tax allowance for pensioners if they win the general election. they say the proposal would be worth £275 a year to each pensioner by the end of the decade. under the plans, the state pension would always remain below the tax free threshold. rishi sunak says the scheme shows the conservatives are on the side of pensioners but labour have called it desperate . rishi sunak will be out campaigning in the midlands today. let s get more on this with nick eardley. what do you love about it? how do you win over older voters? it s a question politicians ask themselves a lot. pensioners tend to get out and vote. so today, an offer from the conservatives, that the basic state pension will never be liable for income tax. the simple fact is that this tax change, this triple lock plus, will mean going forward that millions of pensioners, eight million pensioners, in fact, will be paying less tax than they would otherwise be paying. and that is clearly a tax cut
Welcome to Donald Trumps america, or what soon will be anyway. Im Samira Hussain and on this Special Edition of World Business report, were taking a look at the president elects plans for america, in particular what he wants to do with the us economy. Here on wall street, Donald Trumps selection triumph was met with high spirits. Us markets have soared. Now with his inauguration approaching, people are asking, what will mr trump do for us growth . In his campaign he promised big in best mans in americas infrastructure. Michelle fleury took a look at how that might work. Investment. Mid morning in allentown, pennsylvania. Traffic is flowing smoothly over this bridge built in the 1920s but underneath its not ageing gracefully. This bridge was built in 1929, almost 90 years old, this is an open arch the ridge. Engineers tasked with checking the strength are worried. This is the worst case, the joint area. Thats where the most erosion happens. This bridge, like many of americas roads, port
Come out with a win, thats the story, we will see you back tomorrow night. Mark this is a fox news alert. President trump is speaking to thousands of supporters in manchester, New Hampshire. Good evening. Welcome to Tucker Carlson tonight. On mark steyn informed tucker. The president is visiting my state. He is rocking and rolling. Hes on a tear and the crowd is loving it. Lets listen in. President trump add to that the fact that we love our neighbors and we love our country. [cheers and applause] together, we are all united by one fundamental principle and a nations first duty must alwaysc be to its own citizens. Its own. We have to take care of our own. You havent heard that from a
politician or political leader in a long time. Its called america first. Its america first. We are thrilled to be joined tonight by many tremendous Republican Leaders and great friends of mine. A man who is doing an incredible job as your governor. I because i want to take 100 of the credit for the incredi
only a handful of points behind in the polls. that gap has now massively widened. just a few years after winning the biggest majority of us half a century, the majority is now clearly at risk. he goes on to say this, our party needs to urgently recapture its sense of momentum and its belief in what this country can do. we need to show how we are making the most of brexit and we are making the most of brexit and we need set out in the next month and a progrowth and pro investment agenda. we to cut business and personal taxes, agenda. we to cut business and personaltaxes, he agenda. we to cut business and personal taxes, he says, and not just as a pre election gimmicks, rather than endlessly putting them up. he adds, we must not be afraid to be a properly conservative government. he says, we need to deliver on the 2019 manifesto, which was endorsed by a0 million people. we should remember that more than 17 million voted for brexit. we just want to skip to the end, lewis. you have mention