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
Government is only talking to a ten own mps and talking into an election. Levelling up funds, £242 million to be spent in canary wharf, one of the most expensive postcodes in the uk. What is that but a bribe towards the election for london may. We are seeing a government in its final throes, we are seeing a government in its finalthroes, is we are seeing a government in its final throes, is on the government emphasising wealthy taff tax breaks for the wealthy and making a real difference to peoples lives. People on low wages were disproportionately dependent on the very Public Services that are being cut at the same time. Services that are being cut at the same Time Services that are being cut at the same time. ,. ,. ,. , same time. You have the powers to initiate two same time. You have the powers to initiate two devolved same time. You have the powers to initiate two devolved taxes, same time. You have the powers to initiate two devolved taxes, its initiate two devolved taxes, its t
British ice are tax Free Allowance to invest in uk listed companies. British isa tax Free Allowance. Moving on to the uk economy. The Office For Budget Responsibility predicts uk economy will grow by 0. 8 this year and 1. 9 next year. The uks Inflation Rate is also forecast to fall below 2 target this year. 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, which had been due to end in august, which will now continue until february 2025. There will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. The chancellor says is in order to maintain the financial incentive to choose vaping over smoking. 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. A windfall tax on the profits of energy firms,
His time for choosing. I wondered if he will choose his time for choosing. I wondered if he will choose her his time for choosing. I wondered if he will choose her as his time for choosing. I wondered if he will choose her as his his time for choosing. I wondered if he will choose her as his vice he will choose her as his Vice President ial candidate. Nikki haley theyre bowing out of the us president ial race this year. The government has warned it Mayjudge Israel to be in breach of International Humanitarian law if it fails to allow more aid into gaza. It comes as the World Food Programme says the israeli army has thwarted its first attempt in two weeks to take food aid to northern gaza. Israel hasnt commented yet. But israeli war cabinet member benny gantz is in london today, where he has met the foreign secretary, lord cameron. Earlier, lord cameron had told parliament there was dreadful suffering in the territory and patience with israel was running thin. And the situation is very
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