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BBCNEWS BBC News July 7, 2024

who are using the power of boxing to help improve the lives of people with parkinson s. good afternoon. the government has defended its sweeping range of tax cuts from criticism that they favour the better off. the chancellor kwasi kwarteng s package of measures include scrapping the top rate of income tax for the highest earners and reducing the basic rate by a penny moves the government says will promote growth. the institute for fiscal studies says the richest who pay the most tax will benefit most from a cut. our political correspondent, helen catt, reports. it s an all out attempt to grow the economy with the biggest tax cuts in four decades. at spitalfields market, in east london, they are taking stock of a mini budget that s signalled a massive shift in political direction. what do you make of moves like reversing the national insurance rise? will that help, do you think? i think it probably will help, yes, to a degree, but it depends what bracket you are i ....

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BBCNEWS BBC News July 7, 2024

world powers condemn the self styled referendums being held in parts of ukraine on whether to join russia the home secretary tells police chiefs that common sense policing must take priority over diversity and inclusion initiatives as she sets out her priorities for her crime cutting agenda. hello and welcome. the government has defended its sweeping range of tax cuts from criticism that they favour the better off. the chancellor kwasi kwarteng s package of measures include scrapping the top rate of income tax for the highest earners and reducing the basic rate by a penny moves the government say will promote growth. the institute for fiscal studies says the richest who pay the most tax will benefit most. our political correspondent helen catt reports. it s an all out attempt to grow the economy with the biggest tax cuts in four decades. at spitalfields market in east london, they are taking stock of a mini budget that s signalled a massive shift in political dire ....

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BBCNEWS BBC News June 4, 2024 13:11:00

That the winners and losers, it is very clear that the average gain for a household in london and the south east is three times as high as the gain south east is three times as high as the gain for south east is three times as high as the gain for households and, say, yorkshire, the gain for households and, say, yorkshire, wales. it is an incredibly stark regional divide. you said incredibly stark regional divide. you said to me this is a growth or bust mini budget. what are your thoughts on the government s thinking behind all of this, and how much of a gamble this is? given both the economic conditions domestically and internationally, when many other countries are looking at a situation without significant growth in the short or medium term. we without significant growth in the short or medium term.- without significant growth in the short or medium term. we do need more faster short or medium term. we do need more faster growth. short or medium term. we do need more fast ....

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BBCNEWS BBC News June 4, 2024 16:46:00

Personal and corporate, and ministers insist these plans will grow the economy for everyone. we re not into the politics of envy where we deliberately penalise people who have been working hard. we want to cut taxes for everybody. the danger, by the way, if you have tax rates that are too high, for either companies or individuals, you drive them away. the previous chancellor froze the basic rate at which everyone starts paying tax which, with inflation so high, is currently leaving everyone worse off. treasury insiders confirm that might now be looked at as part of a wider review of all taxes. a full budget could be on the cards before the year is out. the chancellor might not be done with tax cuts just yet. marc ashdown, bbc news. we can speak to iain watson at labour s conference now. iain, this conference an opportunity for kier starmer s to present his alternative to the government s economic plan? ....

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BBCNEWS BBC News June 4, 2024 16:12:00

First time buyers in many poorer parts of the country don t pay any stamp duty already, so it does nothing to increase the threshold there, whereas the gain to a typical first time buyer in london from yesterday s measures is about £6,000. even more striking is getting rid of the additional 45% tax rate. that s currently paid by about 600,000 people, and over half of those are in london and the south east, so when we look at the regional winners and losers, it s very clear that the average gain for a household in london and the south east is three times as high as the gain for households for households in, say, yorkshire and wales. it s an incredibly stark regional divide. you said to me a second ago that this is a growth or bust mini budget. what are your thoughts on the government s thinking behind all of this, and how much ....

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