good evening from hull. we are at the streetlife museum, which celebrates this great port city s economy and transport. we ve been listening here to the chancellorjeremy hunt in his autumn statement unveiling his tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. we ll hear from our political editor chris mason and our economics editor faisal islam, and our cost of living correspondent colletta smith is here in hull with me. but first, let s look at some of the measures announced. there ll be tax cuts including a cut in national insurance from 12% to 10% for 27 million people. the state pension will increase by 8.5%, and universal credit and disability benefits will rise by 6.7%. but those on welfare must take a work placement if they are still looking for a job after 18 months or risk losing their benefits. and the overall picture for growth is gloomy the independent watchdog, the obr,
good evening from hull, where on the day ofjeremy hunt s autumn statement we ve been talking to people here, about how they feel the chancellor s plans will affect them. we are at the street life museum which celebrates this great port city s economy and transport and from here we ll be assessing jeremy hunt s tax and spending plans for the year ahead including measures affecting the take home pay and household budgets of millions of people. there ll be tax cuts including a cut in national insurance from 12% to 10% for 27 million people. the state pension will increase by 8.5% and universal credit and disability benefits will rise by 6.7%. but, those on welfare must take a work placement if they are still looking for a job after 18 months or risk losing their benefits. and the overall picture for growth is gloomy the independent watchdog the obr says its forecasts for growth are sharply lower than predicted and that s for the next two years. the obr also says that
seems to be everywhere.- seems to be everywhere. it s no secret that seems to be everywhere. it s no secret that labour seems to be everywhere. it s no secret that labour have - seems to be everywhere. it s no secret that labour have gone . seems to be everywhere. it s no i secret that labour have gone from, you know, the corbyn era to speed dating business to having a world wind at romance with business and that took a new chapter today when she met some of her british infrastructure counsel, which included the chief executives of lloyds banking group, mng, lots of top executives from international investors and what have you. and it is quite interesting that she did that during an election. because the sitting government cannot do that, but they were saying they were there in an advisory capacity. nevertheless, quite an interesting thing. and i think that what strikes me is their whirlwind romance with business is actually upsetting some of their traditional in their bi
gravel, building, nigel farage. first, we will talk about labour. simon i notice a real rachel reeves vibe to the start of the week. she seems to be everywhere. it s no secret that labour have gone from, you know, the corbyn era to speed dating business to having a world wind at romance with business and that took a new chapter today when she met some of her british infrastructure counsel, which included the chief executives of lloyds banking group, mng, lots of top executives from international investors and what have you. and it is quite interesting that she did that during an election. because the sitting government cannot do that, but they were saying they were there in an advisory capacity. nevertheless, quite an interesting thing. and i think that what strikes me is their whirlwind romance with business is actually upsetting some of their traditional in their bid to woo the board room, they are upsetting some people on the shop floor, for example, the unite union did no