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
The most and conservative thing i could do would be to cut taxes by increasing borrowing. Thats just cutting taxes and saying future generations have to pick up the tax after. I wont to do that. But i do want, where its possible to do so, responsibly, to move towards a lower tax economy, and id hope to show a pass in that direction. But this will be a prudent and responsible budget for long term growth, tackling inflation, my investments, morejobs, and thats path to lower taxation as and when we can afford it. But you said also, that the forecast from the obr, which is the economic watchdog which marks your homework, you have said that the numbers have gone against us. So the picture is bleaker than it was at the beginning of the year . Why then are you looking now to cut taxes at all . These forecasts change the whole time. What happened in the autumn was that the forecast went in our favour unexpectedly, quite close to the end. So i was able to introduce the biggest business tax cuts
We know this happened well within french waters. We know it actually happened on a canal some 30 kilometres or so from the coastline itself. We have seen footage of the canal in question, the water level is very high. It is a wide waterway, flanked on one side by forests and on the other by some homes. We have also seen footage of Emergency Services appearing to be by the bow of a small white boat which is jutting up from the water line and alongside that belongings strewn all over the towpath. The authorities in france say the boat was just too small for the number of people, 16, they say, who were trying to board it. Then it capsized as people were getting on board. They say that a seven year old died at the scene. They also say a person walking by raise the alarm and there were other children on the boat as well. 0ther children on the boat as well. Other siblings of the girl as well as other adults and other children and they are all being cared for any hospital in dunkirk. We have
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by the effects of strikes by public sector workers. the office for national statistics said that a rise in construction activity had been offset by walkouts by teachers and civil servants. it follows a surprise 0.4% jump in economic growth injanuary which brings the uk economy, finally, to a point where it is bigger than it was pre pandemic. the value of sterling rose to its highest level since june of last year, with £1 getting you i dollar and twenty five cents. despite february s flatlining the chancellor described the outlook as brighter than expected . let s get more now with victoria scholar, head of investment at interactive investor. investor. investor. the investor. the last investor. the last few investor. the last few minutes investor. the last few minutes we investor. the last few minutes we had investor. the last few minutes we had at the in the last few minutes we had at the elite has production data from the elite has production data from the euro is aime