A general election. The backdrop a flat lining Economy Millions struggling with the cost of living and polling indicating the Conservative Party is lagging far behind the opposition. Not to mention Financial Markets on edge for anything that might worsen the uks finances. The memory of Prime Minister liz truss� s disastrous Tax Cutting Budget no doubt not far from mr hunts mind. So lets remind ourselves what he came up with. The rate of National Insurance paid by employees and the self employed, will be cut again by 2 pence in the pound. That comes on top of an earlier 2p cut mr hunt announced in the autumn. In april, full Child Benefits will be paid to households, where the highest earning parent is getting up to £60,000. The current limit is £50,000. And the � non dom tax break for wealthy uk residents whose permanent home is overseas, is to be scrapped raising £2. 7 billion a year for the government. That announcement is highly controversial as it was a key pillar of labour policy. The independent Government Spending watchdog the Office For Budget Responsibility released its latest predictions saying the uk economy will pull out of recession and grow by 0. 8 this year, and 1. 9 in 2025. And inflation will fall back to the governments 2 target in the coming months. Now, mr hunt was under huge pressure from some in his party to cut taxes further, for them he had encouraging words but not much else. We believe that in a free society, the money you earn doesnt belong to the government, it belongs to you. And if we want to encourage harder work, we should let people keep as much of their own money as possible. Conservatives look Around The World at economies in north america, asia and noticed the countries with lower taxes generally have higher growth. Our economist argue about cause and correlation but we know that lower Tax Economies have more energy, more dynamism and more energy, more dynamism and more innovation and we know thats britains future too. However, the Office For Budget Responsibility is predicting that the overall burden of taxation, in relation to the size of the economy, is set to hit the highest since 1948. Something Opposition Leader sir keir starmer seized on. There we have it, the last desperate act of a party that is failed. Britain in recession, the National Credit card maxed out and despite the motion today, the highest tax burden for 70 years. The First Parliament since records began to see Living Standards for confirmed by this budget today, thatis confirmed by this budget today, that is their record and it still their record, give with one hand and take even more with the other. And nothing between now and the election will change that. So do people in the uk feel better off after wednesdays budget . Our cost of living correspondent Colletta Smith has spent the day guaging reaction on tyneside in the north east of england. Budget is always a balancing act, when it comes to precision, she knows all about it. She is managing a Growing Business alongside a growing family. I business alongside a growing famil. ,. , family. I have two younger and at the moment family. I have two younger and at the moment and family. I have two younger and at the moment and to family. I have two younger and at the moment and to mourn l family. I have two younger and l at the moment and to mourn the way which is very exciting. So she is desperate for the chancellors held with business as well as costs. Its chancellors held with business as well as costs. As well as costs. Its been extremely as well as costs. Its been extremely stressful. As well as costs. Its been extremely stressful. Overi as well as costs. Its been extremely stressful. Over the last two years. Extremely stressful. Over the last two veere last two years. Our next up is the quayside last two years. Our next up is the quayside. So last two years. Our next up is the quayside. So this last two years. Our next up is the quayside. 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I im heading across the river to the other side of newcastle to the other side of newcastle to the border with a real mix of incomes. And im watching the budget with some extra musical company. So the big change here for Child Benefits at the moment those payments drop off when one person in the household starts earning £50,000 but from next month, that rate is going up to £60,000 a year so that people will be able to earn more and still keep hold of those Child Benefit payments. We still keep hold of those Child Benefit payments. Still keep hold of those Child Benefit payments. We will make a difference. Benefit payments. We will make a difference. She benefit payments. We will make a difference. She is benefit payments. We will make a difference. She is a benefit payments. We will make a difference. She is a nurse a difference. She is a nurse returning a difference. She is a nurse returning to a difference. She is a nurse returning to work a difference. She is a nurse returning to work full a difference. She is a nurse returning to work full time | returning to work full time when her Maternity Leave and enduring. It when her Maternity Leave and endurina. When her Maternity Leave and enduring enduring. It will be great if ou enduring. It will be great if you want enduring. It will be great if you want to enduring. It will be great if you want to 60. Enduring. It will be great if you want to 60. Especially| enduring. It will be great if you want to 60. Especially with us because we are doing sociable hour was so if we do any of the others, we bumped up to 50 so you will get their benefits. To 50 so you will get their benefite to 50 so you will get their benefits. ,. ,. ,. ,. , benefits. That drop in National Insurance benefits. That drop in National Insurance payments benefits. That drop in National Insurance payments means i benefits. That drop in National Insurance payments means ani insurance payments means an average earner will be paying around £450 less each year in National Insurance payments and its not as straightforward as that, because the rate that we start paying Different Levels of tax hasnt been increased. Now the Resolution Foundation say that means that for anyone earning less than £27,000, they will actually be paying more in tax overall. It will actually be paying more in tax overall. Tax overall. It doesnt feel like it will tax overall. It doesnt feel like it will touch tax overall. It doesnt feel like it will touch the tax overall. It doesnt feel| like it will touch the sides, the tax cut is non really the biggest thing that im interested in in and i want to see, i want to see other services funded better. Hello aaain. Services funded better. Hello again have services funded better. Hello again. Have any services funded better. Hello again. Have any of services funded better. Hello again. Have any of the services funded better. Hello l again. Have any of the changes help her . Again. Have any of the changes help her . Small again. Have any of the changes help her . Small to again. Have any of the changes help her . Small to medium again. Have any of the changes| help her . Small to medium and resent it help her . Small to medium and present it a help her . Small to medium and present it a lot help her . Small to medium and present it a lot more help her . Small to medium and present it a lot more help. Present it a lot more help. Increasing the Child Benefits will increase a lot of working parents. Will increase a lot of working arents. ,. , � � parents. Colletta smith, bbc news. Lets bring injustin urquhart stewart, founder of the Investment Platform regionally. Good morning to you. We are hearing from steph there, her reaction to it, she runs around business, from perspective, what was in there for small and medium sized businesses who are real feel for our economy. I think it is, frankly. To get the economy moving, thats the error you have to go and not a great deal, the area was the real incentive, the Smaller Companies to get going, get more incentive and get more funding in particular on a regional basis. To get that going, thats what you need. We have a the smoke we have got a lot of Good Technology that want to get started and all those technological households but they need that extra incentive, the need that extra money to get going. Incentive, the need that extra money to get going. What do you think about money to get going. What do you think about the money to get going. What do you think about the opr money to get going. What do you think about the opr is think about the opr is tradition about the economy, listen to present next year but interestingly, them saying that they feel inflation will be at they feel inflation will be at the Bank Of England � s sop does that give them the green light . I think rates should have never gone up in the way they have. This inflation is not caused by Consumer Spending and therefore putting Interest Rates up is what you would do. Inflation is been caused by Supply Problems coming from Around The World, everything from boats getting is sudden personnel so that was the inflation and what youve got now is inflation coming down Around The World and nothing to do with the uk. And that will continue to go down and thats good news and inflation in frustrates will be cut, thats good news overall. Interest rates. The government themselves had an address that mother could have done more to actually encourage, for Interest Rates coming down but encourage more growth and more investment to come into the economy. This growth and more investment to come into the economy. Come into the economy. As for as financial come into the economy. As for as Financial Markets come into the economy. As for as Financial Markets were as Financial Markets were concerned, fairly muted reaction, there was no surprises in the Spring Budget, to be fair, a lot of this was linked ahead, wasnt it . It was, that issue was number one, dont repeat what happened in the last disaster budget and make sure the Global Economy and Global Investors actually saw britain as a good place to invest so ticked in the box there, they see us back on the normal tracking and, thats britain as we know, maybe rather dull but more secure, thats what they want to see. That was great. We will have to wait and see but the economy is slowing out, we are still growing, not exciting but growth is there although technically we are recession for the next two months. So, its better than it could have been but on the other hand, it was very exciting. Was very exciting. Ok, mother to net was very exciting. Ok, mother to get your was very exciting. Ok, mother to get your reaction, was very exciting. Ok, mother to get your reaction, thank was very exciting. Ok, mother| to get your reaction, thank you for getting up so early. Lovely to get your reaction. Lets get some more Business Reaction from chris southworth, the secretary general of the International Chambers of commerce here in the uk. Good morning to you. So, youre taken from the perspective of companies who do trade and anything in there for them . I didnt recognise a description of the uk just following on from the previous speaker, this idea that we have high growth when were actually in a recession and equally on poverty, poverty is reduced when the resolution found that families were in Poverty Promotion Put for me is, this works run growing the economy and know when trade again, the occurrence of the last time we had a Budget Weather was significant announcement on trade, trade is worthi trillion to the economy, it involves 1000 companies up in the country, we got a real problem in the sense that imports are down, the future order book is down, thats not a great picture so it was agreed in denial about whats going on in the trade economy and then, not mentioning trade within the context of trying to drive Economic Growth and pay for public services, to meet frankly bizarre. It feels like weve gone from an outward facing Trading Nation to a Very Inward Facing Domestic Focus nation in the way that we communicate and focus on the budget. I communicate and focus on the budaet. ~. , budget. I think the last time i soke to budget. I think the last time i spoke to you budget. I think the last time i spoke to you is budget. I think the last time i spoke to you is at budget. I think the last time i spoke to you is at the budget. I think the last time i spoke to you is at the end budget. I think the last time i spoke to you is at the end ofl spoke to you is at the end of january where tighter Border Controls were put in place for good certainly coming into the uk from europe whether they eat plant or animal goods and etc, we got more and more new restrictions coming, what impact does this have on trade, what are your members telling you about this . Its what are your members telling you about this . Its enormous, 30 3596 you about this . Its enormous, 30 3596 of you about this . Its enormous, so 3596 of trading you about this . Its enormous, 30 3596 of Trading Companies| 30 35 of Trading Companies consistently complain about the level of your blocker see people work on the borders. And last year, we had a groundbreaking piece of new legislation, the trade documents act, weve got a unique opportunity here to remove all people from the system, make trade cheaper to faster and simpler by yesterday, we had no mention of how we will do that. And put any investment into making that happen. When the uk is in poor position to really take the opportunity and generate 25 billion in Economic Growth or small companies, save 24 billion on savings by modernising the Trading System that we have an improving that training environment. The feathers of opportunity but we completely missed it, yesterday which is strange. Bill completely missed it, yesterday which is strange. Which is strange. All right, thank you which is strange. All right, thank you very which is strange. All right, thank you very much which is strange. All right, i thank you very much indeed, secretary general of International Chambers of commerce uk. Around the world and across the uk, this is bbc news. Bbc news, bringing a different stories from across the uk. Ben is 18 implied stories from across the uk. Ben is 18 implied fees stories from across the uk. Ben is 18 implied fees test in november last year i was given a date injuly this year. Aha, a date injuly this year. Weight of almost nine months. Im waiting for this whole time, i got stuff to do, i got work, i got school and especially my mum as well, shes a single mother, its difficult her, shes got to be to change your schedule around me. 55 to change your schedule around me. �. To change your schedule around me,. , me. As an approved driving instructor. Me. As an approved driving instructor, he me. As an approved driving instructor, he knows me. 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