The battle of the blockbusters will be decided later at the biggest night in the entertainment calendar. Will barbie or oppenheimer win big at the oscars . As we heard earlier the budget the government unveiled on wednesday has left the Shadow Chancellor with a major headache. Jeremy hunt cut National Insurance by 2 pence for the second time in six months, as well as stealing two of labours fund raising policies. The party had planned to use these to Fund Breakfast clubs in schools and reduce nhs Waiting Lists, if it wins the next election. Earlier, the Shadow Chancellor, Rachel Reeves spoke to the bbc s Laura Kuennsberg about how they plan to raise money now, starting with establishing a taskforce to help create a National Wealth fund. The National Wealth fund is a key component of the growth plan and the idea is to leveraging the private Sector Investment alongside a Government Endowment to invest in some of thejobs Government Endowment to invest in some of the jobs and industries of
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
providing £7.5 billion in support for the sector over the next two years. new government figures show that more than 45,700, people arrived in the uk in 2022 by crossing the channel on small boats. the last crossings of the year happened on christmas day when 90 people made the journey from france in two boats. now on bbc news it s time for review 2022, and it s been a year where health news has again dominated the headlines. our correspondent, dominic hughes, looks back now on some of the biggest challenges faced this year by the uk s health services. was 2022 of the year we finally learned to live with covid? at the start of the year, driven by the highly infectious omicron variant, the virus still had us in its clutches. even as the new year s eve fireworks faded into the night, an estimated one in every 15 people in the uk would have tested positive for covid. it is because of the threat from omicron that i announced on wednesday that we would move to plan b in england.
is at its lowest level for almost 50 years, according to figures released this morning. the chancellor kwasi kwarteng will meet the treasury select committee to bring you his economic plans. we will have updates about shortly. a hearing is under way at the supreme court on whether scotland can call an independence referendum without the consent of the uk government. there is at the wreck of the mary rose. it has come to the surface and it s exactly a0 years since henry viii s flagship the mary rose was raised from the bottom of the solent after 437 years under the sea. we can now go straight to the nato secretary generaljens stoltenberg to his reaction on those russian strikes in ukraine yesterday and today. we strikes in ukraine yesterday and toda . ~ . today. we will further increase the -rotection today. we will further increase the protection of today. we will further increase the protection of our today. we will further increase the protection of our critical p
this is bbc world news, the headlines russia has launched another barrage of missiles at cities across ukraine. the mayor of kyiv has said that one person has been killed and 11 people have been taken to hospital in the capital kyiv. the former pope, benedict the sixteenth, has died at the age of 95. he led the catholic church for nearly eight years until he resigned in 2013. his body will lie in state in st peter s basilica from monday. the world health organisation has said that chinese officials must share more real time information on covid in the country, as infections surge. england has become the latest country to control arrivals from china. celebrations have begun to mark the start of twenty twenty three with firework displays in auckland, new zealand and at sydney harbour. large public fireworks events have returned in many major cities across the world for first time after the covid pandemic. you are watching bbc news. it s time for review 2022 , in a year domin