that technology to other countries and createjobs and investment opportunities that would benefit the uk. ., ~ opportunities that would benefit the uk. . ~ , ., here, the chancellor, rishi sunak s wife, akshata murty has confirmed that she has non domiciled status for uk tax purposes. it means she doesn t have to pay tax here on income she earns overseas. her spokeswoman says ms murty has always paid uk taxes on her british income. labour say the arrangement is staggering , given the chancellor has just imposed tax hikes on the british people. here s our political correspondent, iain watson. this week, he put taxes up. the chancellor increased national insurance contributions. but the focus is now on the tax affairs of his wife, akshata murty, as it s been confirmed that she is a non dom. that means not domiciled in the uk for tax purposes, and that, in turn, means she doesn t pay tax in the uk on earnings from abroad. labour are asking whether this is a way to reduce her tax bill
jonny dymond, bbc news, kingston, jamaica. our top story, the chancellor, rishi sunak, preparing to give his spring statement in a couple of hours. this is just within the last hour, we saw him leave number 11 downing street holding in his hand that blew document the statement that he will be delivering to parliament at about 12:30pm this afternoon. normally, this occasion is fairly dry, and economic affair, with forecasts and outlooks and things about the economy. it is not a full budget, which is why we didn t see him posed with the traditional red box, that comes later in the year. he is jumping in the car, heading over to parliament, which is where he is now. the reason there is so much focus on it this year is because of
the train pass. you difference, hence i m going to get the train pass. difference, hence i m going to get the train pass. you will start using the train pass. you will start using the train pass. you will start using the train still the train pass. you will start using the train still despite the train pass. you will start using the train still despite the - the train still despite the announcement? icrp the train still despite the announcement? i: , ., ., ., ., announcement? 10p would have made a massive difference announcement? 10p would have made a massive difference but announcement? 10p would have made a massive difference but 5p announcement? 10p would have made a massive difference but 5p is massive difference but 5p is nothing massive difference but 5p is nothing. they have to do wholesale runs to nothing. they have to do wholesale runs to three different wholesalers so when runs to three different wholesalers so when you calculate that in together, 5p is
talk us through the numbers. the big picture is inflation and that is the story everyone is worried about. if you look at where it is now compared to where it was ten years ago, look at that chart, you can see that actually it has gone up to 6.2%, the highest for the last decade and in fact it is the highest it has been for 30 years but that says something about how low it has been. a lot of our viewers will remember in the 19805 our viewers will remember in the 1980s and 1970s when inflation was not just double figures 1980s and 1970s when inflation was notjust double figures but in the 70s got up to 20 or 25%. look at the economic growth picture, but as the other factor affecting what rishi sunak can do. there is a dip in economic growth, that is the global financial crisis, look here, this is what has happened in the pandemic, great big drop and great big bounce back as the global economy reopened and that is partly causing me inflation because there is surging
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