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Transcripts For BBCNEWS BBC 20240704



odd system, it is odd because it rewards them for keeping their money outside the uk, which we think is the opposite of what we should do. what has changed with that? what has changed with that? what has changed is that any weird concept of domicile has been abolished, there will be a simple definition based on how many years you have been resident in the uk, which is sensible, and a complete exemption from tax on the foreign assets of someone who has recently arrived in the uk, which is simpler, and i think federer. it will only last forfour years. for a last for four years. for a professional person arriving to the uk from abroad gives the four years in which they can sort their foreign affairs and learn to live in the uk, but it is much less useful for the very wealthy. we have got jake here who has written and, as a young person, soon to on slightly above average income, what are the longer term effects of the budget, will i be better off? i will come to the longer ....

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Transcripts For BBCNEWS BBC 20240704



photos in the early hours of the morning. that was near downing street. also energised and with me throughout the day is our political correspondent. and in our bbc new newsroom i am joined by economics correspondent andy verity. we will be looking at what this budget will mean for you and will be looking at the challenges of the government and what will happen in the years ahead and whoever takes power after general election. he shouted there as a general election and we know there will be one before next january is so there is politics that comes with this. this is the last budget before that general election. the chancellor has promised that his plans will simulate stimulate the flagging economy. labour will argue that any reductions will still leave people worse off because of the freezing of tax thresholds. so what could be expected in today s budget ben king takes a look. the background to the budget has been gloomy but it looks like the chancellor will find ....

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Transcripts For BBCNEWS Politics 20240704



minister s questions. it is always a little different, the pmqs ahead of the budget. he has vacated the chair for the deputy speaker. she will be going through some of the notices ahead ofjeremy hunt, the chancellor, delivering his budget statement. he will take to his feet shortly and will probably speak for about an hour shortly and will probably speak for aboutan hourand shortly and will probably speak for about an hour and then it will be the turn of the leader of the opposition, keir starmer to respond. we will take both of those live and uninterrupted and we will then have reaction from the chief secretary to the treasury, laura trott, part of the treasury, laura trott, part of the treasury team and her shadow for labour. here isjeremy hunt. madam deputy speaker, as we mourn the loss of life in israel and gaza, the loss of life in israel and gaza, the prime minister reminded us of the prime minister reminded us of the need the fight extremism and heal divisions. i ....

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Transcripts For BBCNEWS BBC 20240704



dog, pom. pictures here of him out with his dog, poppy, in the early hours near downing street. some nice pictures. the chancellor has promised his plans will stimulate the flagging economy and help family with permanent tax breaks. labour will argue that any reductions will still leave people worse off because of the freezing of tax thresholds. so what could be expected in today s budget? ben king takes a look. the background to today s budget has been gloomy, with the economy in recession. but it looks like the chancellor will still find room to cut taxes. the conservatives are trailing labour in the polls, and looking forjeremy hunt to give them some cheer in places like this, winchester, a seat the lib dems hope to win. so what do people here think about tax cuts? i think it would be a good idea because it gives people more money to spend on what they want to buy. realistically, people aren t going to save that much money from a tax cut, whereas more money in public ....

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Transcripts For BBCNEWS BBC 20240704



from washington had sent pulses racing among some people, hoping that there may be an imminent agreement for a cease fire, however temporary, between hamas and israel. and the hamas delegation arriving in cairo today for the talks also expressed hope that a deal could be reached. and again, optimism sort of grew, but there were significant obstacles. and anybody covering this story over the last few months will know that often hopes of a ceasefire are dashed by realities on the ground. and one of israel s obstacles and demands that was that hamas should present a detailed list of the hostages who would be released under the terms of any future agreement, of course, in exchange for palestinian prisoners in israeli jails. that list hasn t been provided by hamas. there are thought to be at about 134 hostages held by hamas and other groups in gaza. about 30 of those may actually be dead. and israel wanted to know who was still alive, who was going to be released. that hasn ....

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