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
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
government s in panic. the country will pay a lasting price for putting is through this ideological experiment and will pay a lasting price through economic instability and rising mortgage rates for some time to come. and in other news. the head of the metropolitan police says hundreds of his officers should have been sacked for gross misconduct. civilians rescued in the ukrainian capital after an attack by russian kamikaze drones. scotland s first minister nicola sturgeon has set out her economic argument for leaving the uk, including plans move to a scottish currency when the time is right . the new chancellor, jeremy hunt, has scrapped almost all of the key measures in last month s controversial mini budget, in the latest in a series of government u turns. in an emergency statement, he abandoned indefinitely the planned 1p cut in the basic rate of income tax, that had been due to come in next year. help with energy bills will now only last until next april instead of for
They took it all away from me. Jeremy corbyn says labour would invest an extra £7. 5 billion a year in the Nhs In England with higher taxes on business and high earners. 16 years after a teenage girl disappeared in essex, police spend the day searching a block of garages in thurrock. And we visit the village Football Team in the cotswolds, celebrating their rise to the english football league. And coming up in Sportsday On Bbc News chelsea receive a guard of honour, as the premier League Champions take on watford at stamford bridge. Good evening. The governments Emergency Committee cobra has been in session, considering its response to the global cyber attack, which has affected parts of the Nhs In England and scotland. Some Hospital Trusts are still experiencing problems, but the National Crime agency says fears of a new wave of attacks today have not been realised. Microsoft has said the attack should be treated as a wake up call and the governments been accused of failing to invest
budgets, they are already less generous than the government first planned. if using about inflation, it is high. and so if you decide, the government decides, not to increase benefits with inflation then you are potentially hurting some of the most vulnerable in the population, that is going to be very practically difficult for lots of households but also politically toxic. , households but also politically toxic. ., ., toxic. and by removing those tax cuts and keeping toxic. and by removing those tax cuts and keeping taxation - toxic. and by removing those tax cuts and keeping taxation levelsl toxic. and by removing those tax i cuts and keeping taxation levels at that record high, basically, the highest level for 70 years, the position of liz truss was to say that tax at those levels means there cannot be economic growth. what are the prospects for economic growth now? i the prospects for economic growth now? . , the prospects for economic growth now? ., ,. , ., the prospects