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Transcripts For BBCNEWS BBC News 20240707

the #bbcyourquestions no outright winner in the brazilian election left wing candidate luiz inacio lula da silva and right wingerjair bolsonaro will go to a second round run off. an investigation s underway after at least 125 were killed in a crush at a football match in indonesia one of the world s worst stadium disasters. the king and queen consort will undertake their firstjoint public engagements today since the end of the period of royal mourning for the queen. and, meet mr doodle the man from kent who makes his living from doodling and has covered his whole house in drawings. hello and welcome if you re watching in the uk or around the world. the government has this morning performed a huge u turn and abandoned its plan to scrap the 45 pence top rate of income tax. the announcement, from chancellor kwasi kwarteng , came just a day after the prime minister liz truss backed the policy. in a statement, mr kwarteng said the 45p tax plan had become a huge distract

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Transcripts for BBCNEWS BBC News 20240604 09:05:00

Majority of that package is the energy package. is the energy package, the national insurance, the 45p rate actually raises very little and makes our tax system more complicated. we need to move away, we need to move away from the idea that everything is about how we redistribute resources. we also need to make sure that we have got a tax system that is competitive internationally and is helping us bring in the investment, get people into work,. did bring in the investment, get people into work- into work,. did you discuss scrapping into work,. did you discuss scrapping the into work,. did you discuss scrapping the top into work,. did you discuss scrapping the top rate - into work,. did you discuss scrapping the top rate with l into work,. did you discuss i scrapping the top rate with your whole cabinet? ida. scrapping the top rate with your whole cabinet? scrapping the top rate with your whole cabinet? ., ., , whole cabinet? no, we didn t, it was a decision that whole cab

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Transcripts for BBCNEWS BBC News 20240604 09:03:00

Mr kwarteng s mini budget 10 days ago. earlier, the chancellor spoke to the bbc. we were focused on delivering the growth plan. there is a lot of good stuff in the growth plan. and what was clear talking to lots of people up and down the country, talking to mps, talking to voters, talking to our constituents, was that the 45p rate was becoming a huge distraction on what was a very strong plan. so we have got energy intervention which is preventing bills going up to £6,500 next year. we are capping the average bill to £2,500. that is a huge saving. we have reversed the national insurance increase, tax increase, which has again saved the average person £330 in the year. we have also brought forward the cuts in the 1p, cut of 1p on the basic rate. these are strong pro growth measures and the 45p rate was simply a distraction on what was a good set of packages, a good set of policies and a strong package.

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Transcripts for BBCNEWS BBC News 20240604 09:00:00

This is bbc news. these are the latest headlines in the uk and around the world. the chancellor announces he s keeping the top rate of tax for the highest earners. that s despite the fact he pledged to scrap it in last month s mini budget this 45p rate became a distraction and i along with the prime minister decided the best course of action would simply be not to proceed with the abolition of the rate. the u turn comes just twenty four hours after the prime minister insisted she d stick with the controversial tax cut are you absolutely committed to abolishing the 45p tax rate for the wealthiest people in the country? yes. i d love to hear your reaction to this morning s tax u turn. get in touch with me on twitter @annitabbc and use

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Transcripts for BBCNEWS BBC News 20240604 09:04:00

I have said that i take responsibility for it. and i have said that i have listened, i get the reaction, i have spoken to lots of people up and down the country, i have spoken to constituents, i have spoken to mps and councillors and other people in our political system, but most importantly, i have listened to voters. and i am really convinced that the best thing to do now is not to proceed with the abolition of the 45p rate. this is what the prime minister say 24 this is what the prime minister say 2a hours ago when she was interviewed. are you absolutely committed to abolishing the 45p tax rate for the wealthiest people in the country? rate for the wealthiest people in the country? yes, and it is part of an overall the country? yes, and it is part of an overall package the country? yes, and it is part of an overall package of the country? yes, and it is part of an overall package of making - the country? yes, and it is part of an overall package of making our| the country? yes

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