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acting as a good customer in the economy, which sets the tone for other large businesses. plan chemicals so this is a penalty, if you are try to get a government contract you are try to get a government contra - , you are try to get a government contra - , ,, , , you are try to get a government contra - , ,, contract they will say, unless you have been contract they will say, unless you have been paying contract they will say, unless you have been paying suppliers - contract they will say, unless you | have been paying suppliers within the promised time, we are not interested in doing business with the does that go far enough? that s only if you are tendering for a government contract. we only if you are tendering for a government contract. we hope they will brina government contract. we hope they will bring back government contract. we hope they will bring back the government contract. we hope they will bring back the name government contract. we hope they ....
including access to free prescriptions and legal aid, cut off. mr hunt said businesses are set to benefit from his announcement that he is to making full expensing for businesses permanent. it means that for every £1 that a business invests in it, machinery and equipment, they can claim back 25p in corporation tax. hunt says this will cost £11 billion a year and represents the largest business tax cut in modern british history . the national living wage will rise by £1.02 to £11.44 from april, with the policy extended to cover workers aged 21 and over for the first time, rather than 23 and over. he also told mps that alcohol duty will be frozen until august one next year, meaning no increase in duty on beer, cider, wine or spirits, but the tobacco duty will increase. let s also have a quick look at the forecasts for the economy. during the speech the chancellor revealed the latest forecasts from the independent office for budget responsibility. they downgraded their fo ....
good evening from hull. we are at the streetlife museum, which celebrates this great port city s economy and transport. we ve been listening here to the chancellorjeremy hunt in his autumn statement unveiling his tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. we ll hear from our political editor chris mason and our economics editor faisal islam, and our cost of living correspondent colletta smith is here in hull with me. but first, let s look at some of the measures announced. there ll be tax cuts including a cut in national insurance from 12% to 10% for 27 million people. the state pension will increase by 8.5%, and universal credit and disability benefits will rise by 6.7%. but those on welfare must take a work placement if they are still looking for a job after 18 months or risk losing their benefits. and the overall picture for growth is gloomy the independent watchdog, th ....
good evening from hull, where on the day ofjeremy hunt s autumn statement we ve been talking to people here, about how they feel the chancellor s plans will affect them. we are at the street life museum which celebrates this great port city s economy and transport and from here we ll be assessing jeremy hunt s tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. there ll be tax cuts including a cut in national insurance from 12% to 10% for 27 million people. the state pension will increase by 8.5% and universal credit and disability benefits will rise by 6.7%. but, those on welfare must take a work placement if they are still looking for a job after 18 months or risk losing their benefits. and the overall picture for growth is gloomy the independent watchdog the obr says its forecasts for growth are sharply lower than predicted and that s for the next two years. the obr also say ....