worried about the politics of it. earlier the bbc s head of statistics gave us more analysis on the detail of the announcements. the normal in income tax is more money in your pocket but it is targeted at those who are paying the most tax, the biggest earners, we can show this to the audience now. you can see that someone on average earnings, the average full time salary is around 30 grand, they will take home an extra £400 next year as a result of the changes that were announced this morning but if you go to the top of the scale, someone bring home £200,000, they will be taking home an extra 5000, so you can see they are earning about seven times more, and the benefit to them is 13 times bigger, so this is unashamedly targeted at those who earn the most and the government would argue that they are the people who pay the most tax and in sending
interest rates are now expected in the city to rise by next august to 5.5%, more than twice their current level. andy verity, bbc news. earlier the bbc s head of statistics gave us more analysis on the detail of the announcements. what you had it during the time of austerity after the financial crisis was a government that was determined to spend less and it was about getting the deficit down, being responsible with public finances, and at that time at the bank of england was doing the opposite with monetary policy and interest rates, keeping them as low as possible to support the economy, so they were fighting each other then. now they have switched places, so the government is doing the expansionary things, spending more money, up to £100 billion extra as a result of the measures today, even though they were not officially called a budget, this was a maxi budget, not a mini budget. because of those measures there more demand into the economy
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with the bbc s head of statistics, robert cuffe. lots for us to talk about. there are so many figures bouncing around and it seems prices are going up and up. talk about the that £5,000 figure. what is it, when will it come in and where does it come from? the figure that we are where does it come from? the figure that we are talking where does it come from? the figure that we are talking today, where does it come from? the figure that we are talking today, the - that we are talking today, the headline figure is £3,500, that is an average and if you use more you will pay more. that money is three bed in a three bed. there is a good chunk of people probably using more energy than the average. so is even before the predicted rises in january and for people like pam what