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
Where there were questions over how unified opec could be are particularly after angola left the cartel. Now were seeing that there and it also a sign that 0pec are really showing a strong defence of 80 a barrel floor in pricing. What theyve done here is really built a fence, surplus will keep the market in deficit with a view for demand and return more strongly in the second half, allowing cuts to be unwound and actually deficits to be sustained through the course of the year, keeping that curve, keeping prices elevated. So is this cut priced in then, or are we likely to see a bit of impact on brent prices . We have obviously seen thejump in the immediate aftermath of this. There is already uncertainty as to how demand plans out but were seeing a structurally bullish outlook for the rest of year where, if demand does recover, particularly injet fuel and some emerging economies in the second half, sustained deficits on top of what was on already precarious with stocks and on geopolitic
As he prepares to do this again, hes trying to improve his partys fortunes. This morning, jeremy hunt was keeping his cards close to his chest as he toured the tv studios. But he did give this hint. I do want, where its possible to do so responsibly, to move towards a lower tax economy, and i hope to show a path in that direction. But this will be a prudent and responsible budget for long term growth. With roughly £13 billion to play with, thats less than hed hoped for. The chancellor is scrabbling around for ways to find more cash that would allow him to reduce taxes. And labour arent saying whether theyd prioritise tax cuts or not. So would you bring down taxes now . Well, we want to bring the tax burden down in the long run, but were not going to promise anything which is not completely responsible and fully funded and fully costed. And youll see all of our plans in the manifesto for getting the economy growing because that Economic Growth is so crucial to making People Better off,
Its also a sign that opec plus are really trying to a strong aid for pricing. What they have done is defence surplus which was otherwise in deficit. Allowing parts to be unwound and actually deficits to be suspected, keeping prices elevated. Suspected, keeping prices elevated suspected, keeping prices elevated. ~ , elevated. Are we likely to see a bit of an elevated. Are we likely to see a bit of an impact elevated. Are we likely to see a bit of an impact on elevated. Are we likely to see a bit of an impact on britain i a bit of an impact on britain prices . A bit of an impact on Britain Rices . ~ ,. ~ prices . Weve seen them market um , prices . Weve seen them market um, but prices . Weve seen them market jump. But this prices . Weve seen them market jump. But this is prices . Weve seen them market jump, but this is a jump, but this is a structurally out. If demand doesnt recover, were looking at sustained deficits what is a precarious situation with stocks and on geopolitics. But i
The details. How they could this be . The eu has been very clear it didnt want to give apple the equivalent of a Parking Ticket although that said, apples earnings last year were not too far off hundred billion, it is big but apple can afford it. It all stands from a complaint brought by its butterfly back in 2019. They were essentially unhappy with apples rules that stop them other ways to pay. Spotter five. Apples rules that stop them other ways to pay. Spotterfive. The Eu Commission said that apple had behaving in an uncompetitive way for ten years and that what they were saying had essentially cost consumers in terms of higher bills for their music. Apple responded strongly, they accuse them of getting their facts wrong and they said they would be appealing. What said they would be appealing. What kind of impact said they would be appealing. What kind of impact could said they would be appealing. What kind of impact could this have the streamers, music streamers, this could open th