It looks like hes going to concentrate more on the households rather than on businesses. And therefore, there are two major taxes that he could hope for, one is income tax and the other one is National Insurance contribution. Income tax is a broader tax and it would cost him more money, whereas National Insurance contribution focuses on people at work and will cost him a little bit less. Yeah, i mean having a bit less money to play with, i suppose, do you think perhaps that might give us a clearer sense of the conservative priorities here . Obviously, we know there might be an election coming. Its actually who that money goes to, where to target votes, maybe. That is a very good question because it does look like they are going to target consumers or households rather than businesses. Whereas if you look at what the priorities are in terms of raising growth potential, you do want to improve and get Business Investment growing faster. So that is really a very big question as to where th
this is the business stories from around the world, and i will try and pronounce that correctly in a let s start with a stark warning from the governor of the bank of england. andrew bailey has warned the uk and many other countries are facing apocalyptic food prices, due to supply problems caused by the war in ukraine. bailey warned inflation could hit 10% by the autumn, well above the central bank s 2% target. uk inflation is currently at 7%, which is its highest level in 30 years. another sign of the rising cost of living was shown at petrol pumps yesterday, with one litre of diesel costing £1.80, which is a record high. joining me now is swetha ramachandran, an investment manager at gam investments. thank you for being with us, we know that rising prices are a huge problem, but it really did underlinejust how bad huge problem, but it really did underline just how bad this could get without warning from the bank of england just yesterday. yes, indeed, and there are lots o
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