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Transcripts For BBCNEWS BBC 20240704

Threshold. And much. For our viewers, you about the threshold. And the much. For our viewers, you about the threshold. And the allowance. Much. For our viewers, you about the threshold. And the allowance. What l threshold. And the allowance. What is the difference . Personal allowance and then weve been talking about Tax Thresholds as well. ,. ,. Talking about Tax Thresholds as well. ,. ,. ,. ,. ,. ,. , well. The personal allowance is that first threshold. Well. The personal allowance is that first threshold. Everyone well. The personal allowance is that first threshold. Everyone who well. The personal allowance is that first threshold. Everyone who earns| first threshold. Everyone who earns a wage in the uk can earn 12500 and 70p and not pay a penny of income tax on that money. The problem for us is when inflation starts to push our wages up, us is when inflation starts to push ourwages up, and us is when inflation starts to push our wages up, and we are earning more than that, that w

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Transcripts For BBCNEWS Verified 20240704

Quite simply they are doing this because of inflation and the rate of Price Increases and the International Comparisons are clear, although inflation is falling, in the uk it is not falling by as much or down to as low a level as it is elsewhere in europe in the us, and the us, and the bank has been talking up food prices and the amount we pay for services and the speed that wholesale, lower wholesale prices are being passed through the supply chain to us. The bank talked about crystallising risks, essentially the fear that when it comes to private sector wage growth, rings might be becoming embedded so they argued they needed to continue acting despite the impact it will have on households and businesses and we know the impact it will have on uk households and Mortgage Holders and also those ran singh. Also a warning from the bank also those renting. They said the rates will be high for a while, they are expecting inflation to meet the target of the Prime Minister, to half inflation t

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Transcripts For BBCNEWS The 20240704

Like to thank my team for their loyalty and continued damages doing that dedication for supporting me and my constituents. That is the statement they are from margaret ferrier, x mp. Lets get the sport now. Hello. Were starting with football and the latest news from the womens world cup. And european champions england are through to the knock out stages they finished top of group d after a thumping 6 1 win over china. Laurenjames scored twice in the victory in adelaide this her second goal to make it 4 1 her third of the tournament so far and shes also had several assists. England as a whole havent faced a Top Ranked Team yet at this world cup, but head coach Serena Wiegman is understandly pleased with her squad. Im very delighted. What i said before the game, where going to do things a little different than we did before. And we did really well. It shows how adaptive this team is. It shows how adaptive this team is. I think they are enjoying themselves on the pitch. What we expected f

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Transcripts For BBCNEWS Verified 20240704

Products to start in october 2026. And. The chancellor says its in order to maintain the financial incentive to choose vaping over smoking. Lets move on to the broader picture for the uk economy. In the office of budget and responsibility has predicted that. Remember, were in a technical recession at the moment. Lets move onto debt. Lots of figures in numbers but its important we take you through the main developments from todays budget. In a moment ill be discussing is in finer detail with my colleague. Ill also bejoined by our Economics Correspondent who is in the newsroom for us. First our Political Correspondent looks back at todays development here in West Minister. I5 at todays development here in West Minister. ,. ,. , minister. Is this an Election Winnin minister. Is this an Election Winning budget, minister. Is this an election | winning budget, chancellor . Minister. Is this an Election Winning budget, chancellor . As jeremy hunt pose for the last photo, dues before the budge

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Transcripts For BBCNEWS World 20240704

Investment platform. Thanks bro. Thanks for joining Thanks Forjoining us. Mortgages cost more so it is a bit of a Vicious Cycle for First Time Buyers . It is, yes, and there is a bit of respite for people looking to get onto the Property Ladder but they have still got very high costs of borrowing and it will still cost a lot to afford the mortgages once you have got on the ladder and it still costs a lot of money for renting whilst you are trying to get on the ladder. But it is good news for people who are looking to get off the ladder and looking to use their housing as part of that so there is a bit of balance but i suppose house prices matter most when you are trying to change your position. For the vast majority it is a number that changes without us actually trying to change our Housing Position but i think the people trying to get on the Housing Ladder to make the first step are really feeling the squeeze right now. The numbers tell the story. 3. 8 fall in july alone, the fastest

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