Vaping products will come in october 2026 and the existing tax on tobacco will increase. The chancellor says thats in order to maintain the financial incentive to choose over smoking. Windfall tax on the profits of energy firms draw will be extended into 2029 even that was previously scheduled to end in 2028. Increase in flight duty for Business Class tickets, non dom tax free dream on People Living overseas and didnt that it will be replaced with new rules from april 2025. Bigger picture the uk economy now. The obr, office of budget responsibility predicts the economy is going to grow and add 1. 9 we are currently on a technical recession. Inflation rate forecast to fall below 2 target this year but the underlying debt. 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, there is a lot to chew over and we have tried to bring up to date on the main headlines but
But we know we can make things work better. That is the way well open ultimately get the rising Living Standards we all want to see. You talk about wanting to get that revenue in and increase spending on Public Services, but your u turn, if we can call it that, or this this moment of that green Prosperity Plan just sort of indicates the challenges that all Political Parties face at the moment. Many things like the green Prosperity Plan just cant be costed at the moment. ,. , moment. After the disaster of the liz truss minibudget moment. After the disaster of the liz truss minibudget and moment. After the disaster of the liz truss minibudget and the moment. After the disaster of the j liz truss minibudget and the rise Liz Truss Mini Budget and the rise in Interest Rates, we had to change some of those plans. But our plan remains a fundamental part of our offer. Its our National Fund and four gigabytes energy to work on the front tier, new technologies in the future. Gb gb engery. Any b
so let s get down to business and we begin in the us where the world s most powerful central bank wraps up its monthly meeting later. it s a given the federal reserve will increase the cost of borrowing. the question is by how much. with recent inflation data flashing red the sentiment on wall street has been grim. on monday the s&p 500 entered a bear market after the index fell by more than 20% from january s recent high. our north america business correspondent, michelle fleury, has more from new york. this minnesota petrol station is letting customers know they share their frustration. skyrocketing fuel prices have helped drive up inflation, currently at a a0 year high. customers, our car coming up, ate her at her corolla and gets fuel and at $80, you can t know how much it hits home to people. how much it hits home to ”eole. ,, . , how much it hits home to n-eole. , . , ,, people. gas prices in the us hit a record people. gas prices in the us hit a record of people.
the ukrainian leader warns his troops in the eastern city of severodonetsk are outnumbered by stronger russian forces. there we go. the technology is working. it isjust there we go. the technology is working. it is just that time of the evening! welcome to our look ahead to what the papers will be bringing us tomorrow. hopefully the tech gremlins will let us speak to our guests and show you the papers. with me are annabel denham, who s director of communications at the iea the institute of economic affairs the free market think tank, and also with me is the broadcaster john stapleton. good evening to you both. i am glad to see you alive and working there, envision! good stuff. yes, john, fingers crossed! let s run you through those front pages of the newspapers. the mail leads with the rmt s planned industrial action, referring to it as a hard left strike which will paralyse britain. unsuprisingly, it makes the front page of the metro too. the strike will see 50,000 wor