Odd system, it is odd because it rewards them for keeping their money outside the uk, which we think is the opposite of what we should do. What has changed with that . What has changed with that . What has changed is that any weird concept of domicile has been abolished, there will be a simple definition based on how many years you have been resident in the uk, which is sensible, and a complete exemption from tax on the foreign assets of someone who has recently arrived in the uk, which is simpler, and i think federer. It will only last forfour years. For a last for four years. For a professional person arriving to the uk from abroad gives the four years in which they can sort their Foreign Affairs and learn to live in the uk, but it is much less useful for the very wealthy. We have got jake here who has written and, as a young person, soon to on slightly above average income, what are the longer term effects of the budget, will i be better off . I will come to the longer term peace in
British ice are tax Free Allowance to invest in uk listed companies. British isa tax Free Allowance. Moving on to the uk economy. The Office For Budget Responsibility predicts uk economy will grow by 0. 8 this year and 1. 9 next year. The uks Inflation Rate is also forecast to fall below 2 target this year. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year rising to 92. 8 next year. The government also kept a freeze on alcohol duty, which had been due to end in august, which will now continue until february 2025. There will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. The chancellor says is in order to maintain the financial incentive to choose vaping over smoking. 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. A windfall tax on the profits of energy firms,
Last month. But so far, the houthi havent been deterred. These are pictures of the forces actually seizing a ship in november, the iranians back group which controls most of Northern Yemen had been targeting ships in the area for months, and protest at offensive in the gaza strip. This latest action is a major escalation, the ship hit by Houthi Yesterday was the envy true confidence that the ballcarrier was selling with the crew of 20 who are mainly filipino nationals. The attack happened about 15 nautical miles from the yemen port. The ship was travelling from china to saudi arabia. The us condemned the attack saying it went way beyond disruption to navigation and international seas. ,. , seas. Not ust endangered seafarers seas. Notjust endangered seafarers but seas. Notjust endangered seafarers but now, seas. Notjust endangered l seafarers but now, tragically killed a number of them so we will continue to hold them accountable and we call on government to run the will to do the same.
The more consequential cases on Donald Trumps fate mainly whether colorado is kick him off the ballot for allegedly interfering in the election in 2020. We are live at the u. S. Supreme court. And well bring you all the newsreel time as it happens. Colorado not the only one challenging that, by the way. Points on the board, Nikki Haley Notching her first win in the republican primary ahead of Super Tuesday where former President Trump is looking to run up the score and likely will as we say good morning. Im bill hemmer. On saturday, he had three victories. He had one yesterday. Im bill hemmer live in new york and this is the return of dana marie perino. Dana key west, great place in america and great to be back. We have a lot of news happening. Tomorrow is the biest voting day in the republican primary and the former president has the big mo, momentum. Bill big mo. Contributing to that all that is an avalanche of new polling. They all show him leading President Biden in a potential rem