Hello there, welcome to newcastle, on the Dayjeremy Hunt delivered his budget, in what is almost certainly, a general election year. Were on the citys Iconic Quayside Overlooking the magnificent river tyne, an area steeped in industrial history, and weve been gauging reaction, to the chancellors plans. Among todays annoucements, the government is to cut National Insurance, by 2p in the pound for employees and the Self Employed. 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 regime, for uk residents whose permanent home is overseas, is to be replaced with new rules, from april next year. Well, the office for budget responsibility, says the average tax payer, is going to pay more in the coming years. It predicts 37 pence of every pound will go in tax by 2029, which would be the highest level since 1948. While the government says public spending on some services will rise by 1
Products to start in october 2026. And. The chancellor says its in order to maintain the financial incentive to choose vaping over smoking. Lets move on to the broader picture for the uk economy. In the office of budget and responsibility has predicted that. Remember, were in a technical recession at the moment. Lets move onto debt. Lots of figures in numbers but its important we take you through the main developments from todays budget. In a moment ill be discussing is in finer detail with my colleague. Ill also bejoined by our Economics Correspondent who is in the newsroom for us. First our Political Correspondent looks back at todays development here in West Minister. I5 at todays development here in West Minister. ,. ,. , minister. Is this an Election Winnin minister. Is this an Election Winning budget, minister. Is this an election | winning budget, chancellor . Minister. Is this an Election Winning budget, chancellor . As jeremy hunt pose for the last photo, dues before the budge
Is a good set of local elections. What is the best Case Scenario as we go into this General Election for the green party . We go into this General Election for the green party . Go into this General Election for the green party . Go into this General Election for the green pa . ~. ,. ,. , the green party . We are planning to stand in every the green party . We are planning to stand in every constituency the green party . We are planning to stand in every constituency possible | stand in every constituency possible so thats stand in every constituency possible so thats going to be the first time we have so thats going to be the first time we have done that. Of course the prizes we have done that. Of course the prizes winning some seats so as well as holding prizes winning some seats so as well as holding onto the seat in Brighton Paviiion as holding onto the seat in Brighton Pavilion there are three other target pavilion there are three other target seats we have in bristol, headed targ
Sir keir starmer promised an end to what he called 1a years of decline and chaos under the tories. Nigel farage said he wont be standing for reform uk but will campaign for them. It has been a busy day. Lets get more from our Political Correspondent damian grammaticas. Enter the man who has staked everything on this gamble, calling an election now. Quite a few of his mps are not convinced by the timing and he has a huge poll deficit to overcome. I want to build a britain, a country where you all can have confidence, restored confidence and pride in our communities, in our society and our nation. Earlier he had an admission hed promised deportation flights to rwanda. Now he says they will happen if he is elected. We have already started detaining people, we have hired the escorts, we have an airfield on standby and we have booked the flights. All of that work is already ongoing and the choice of this election is clear, because if im reelected as Prime Minister on the 5th ofjuly, these f
Rishi sunak s plans have not yet come to fruition. Our Political Correspondent, hannah miller, has this report. Labour won mayors, councils, and police and crime commissioners. Rishi sunak left clinging on to just one mayor in the tees valley. Even his majority diminished. This morning, the former home secretary, and one of the Prime Ministers biggest critics, warned of a total wipe out for the conservatives. I despair at these terrible results. There is no spinning these results, there is no disguising the fact that these have been terrible Election Results for the conservatives, and they suggest that we are heading to a labour government. Her prescription for the pm. He needs to actually lower taxes in a way that people will feel, not tweaking round the edges. If he is serious about migration, he needs to put a cap on illegal migration, he needs to take us out of the European Convention on human rights. In defeat, the now former conservative mayor of the West Midlands, andy street, s