victorian era. let me point out, to the honourable gentleman, compared to when labour were last in office the investment going into the north is 30% higher every single year under this conservative government. we are delivering for communities across the north with more trains, more buses, more stations and more roads because a conservative government doesn tjust roads because a conservative government doesn t just talk about it, it gets on and delivers it. i hope very much that later today we will hear news of help for motorists and small businesses. the motors and small businesses in bromley and in outer london will be hit later this year by the mayor of london s stealth tax in the form of low emission areas. is it not time to revisit the local government act and revise it so such charges can only be imposed on london boroughs with the consent of the buyers
be any type of tax across the board which eventually trickles down to all of us, it is really going to hurt and we are going to feel that. why do we have higher taxes? it is very simple: congress keep spending. nothing is for free. the more they spend, the more we have to pay. todd: the dialing down on energy prices, they are already through the roof. that was the story of 2022. so why would democrats pass legislation to raise taxes even higher on already high energy prices? it makes no sense. what is kind of a stealth tax, todd. remember, this goes back to inflation reduction act which passed a while ago. they put these taxes and effect into 2023. so because it s not in income tax, it is not necessarily something that hits the news that quickly. so, now we are talking about natural gas tax, crude oil tax,
big decisions with a big impactare looming. jonathan blake, bbc news. our business correspondent, marc ashdown looks ahead to thursday s autumn statement. we are expecting around the region of spending cuts of £35 billion and plans to raise £2 billion in taxes. you will be hearing a lot about tax thresholds over the coming week. no one pays any tax on earnings up to about £12,500. above that it is 20%, and above £50,000 it goes to a0%. they normally creep up every year with inflation but they have been frozen since 2026. they call this a stealth tax because it makes the treasury a lot of money. if you are lucky to earn more than £150,000, you pay 45% and they could lower that threshold and get more people paying that tax.