thank you to all of my gas for joining me here yet again invested in for another big programme here in westminster. goodbye. welcome back to westminster. jeremy hunt stood up at half past 11 as expected and he spoke for nearly an hour, delivering his much anticipated autumn statement and unveiling a host of measures, many of them widely expected. the chancellor confirmed the uk is in recession. he insisted his economic plan will rebuild the economy and will reduce public debt. let s take a look at some of the key points. there will be an income tax threshold freeze. and the point at which the highest tax earners start to pay the top rate in tax has been
expected, the chancellor confirmed that the uk is in recession. but insisted his economic plan will rebuild the economy and reduce public debt. there ll be a freeze in income tax thresholds, meaning millions will pay more tax as their wages rises. and the point at whcih the highest tax earners start paying and the point at which the highest tax earners start paying the top rate of tax, has been lowered, to £125,000. households will pay more in energy bills from april, with typical bill rising from £2,500 to £3,000, as the government reduces the amount of support it gives. the state pension, benefits and tax credits will rise by over 10%, that s in line with inflation. health, education and defence budgets will be maintained, but other departments are likely to squeezed. capital spending will be frozen, but not for a couple of yet,
in tax and on their energy bills, under a £55 billion pound package to reduce borrowing. this was in parliament earlier. the face of unprecedented global headwinds, families, pensioners, businesses teachers, nurses and many others are worried about the future. so, today, we deliver a plan to tackle the cost of living crisis and rebuild our economy. so, let s take a look at what s in the plan called the autumn budget. first, a freeze in income tax thresholds. which means millions will pay more tax as their wages rise. and the point at which the highest tax earners start paying the top rate of tax has been lowered, to £125,000. help with energy bills
poorest. he could be introducing a range of wealth taxes. why don t we have taxes on peoples assets rather than encompassed but there is a political choices, why would don t we look at those rather than hitting the poorest first and hardest? itruth? the poorest first and hardest? why not, there the poorest first and hardest? why not. there are the poorest first and hardest? why not, there are other ways of doing this, there is not one economic orthodox, you say fiscal conservatism is that, but there are other ways of doing it? that conservatism is that, but there are other ways of doing it? other ways of doing it? that is absolutely other ways of doing it? that is absolutely right. other ways of doing it? that is absolutely right. the - other ways of doing it? that is absolutely right. the problem | other ways of doing it? that is i absolutely right. the problem with people absolutely right. the problem with people on absolutely right. the problem with people on the left who
years ago, people still don t have their homes in parts of brooklyn and queens in new york city, the place that generates more wealth than anywhere on the planet, they don t have homes, we produce most emissions from buildings. real estate developers barely pay taxes and they are the ones who don t want to crack down and retrofit their buildings. when you look at the big business, the people who don t want to pay taxes. this will not be on average people. reporter: who make $30,000 and up. anyone who make $30,000 or up, have to make 100% of their income and still the fox news version of the green new deal. a random organization. the actual policy is to tax the elites who are really endangering the next generation. reporter: this does include the top tax earners, $30,000 and up and you are not going to get there. totally unrealistic, cannot be done, you can t take away