record high, and the office for budget responsibility says it would represent the largest fall in living standards since the 19505. our business correspondent emma simpson reports. these reforms will save around two million self employed people an average of £350 a yearfrom april. better than nothing. tuning into the autumn statement at walthamstow market. a good place to test the mood. pensioners seemed happy. him increasing pension, that s good for me. and young workers like the rise in the minimum wage too. 10% more i m going to win i m going to earn. yeah. who wouldn t like it? but other workers said the cut to national insurance isn t enough. not with the way things are at the moment. the cost of living is too expensive. £450, divide that by 12, divide it by the family that you ve got. is it enough? i don t think so. here are the key details. first, that national insurance cut. it s going from 12% to ten for all employees from january. the self employed will see a
israeli settlers attacked villages in the north of the occupied west bank. hundreds were injured as homes, businesses and cars were set on fire during several hours of rioting. little is the latest supermarket in the uk to introduce limits on sales of certain fruit and vegetables due to shortages of fresh produce. the company is putting limits of three per customer on sales of peppers, tomatoes and cucumbers. it follows similar moves, with some consumers facing empty shelves. and the amount suppliers can charge british households for energy has been cut by the regulator ofgem, but bills will still rise in april as government helped eases. the announcement itself does not directly affect what customers will pay for gas and electricity, but it reduces the cost faced by government. if that was slightly confusing, it is probably fair enough. katy balls, you are going to explain this. there is a cut but the
welcome to the programme. just explain to our viewers why we are in place with small energy companies close to collapse. thank you for inviting me on. without wholesale energy prices which have rocketed through the summer to levels, depending on the measure, anywhere between dublin ten times what we would normally expect to see. that is very difficult for all suppliers to hedge for, and offer a fixed prices and tariffs. ,., offer a fixed prices and tariffs. ~ ,., , offer a fixed prices and tariffs. ~ , ., tariffs. also, there is a onward tariffs. also, there is a onward can tariffs. also, there is a onward can be - tariffs. also, there is a onward can be charged tariffs. also, there is a i onward can be charged to customers in the uk currently and that is also exacerbating the problem, isn t it?- and that is also exacerbating the problem, isn t it? there is a ca - , the problem, isn t it? there is a cap. you the problem, isn t it? there is a cap. you are the problem, isn t it