Threshold. And much. For our viewers, you about the threshold. And the much. For our viewers, you about the threshold. And the allowance. Much. For our viewers, you about the threshold. And the allowance. What l threshold. And the allowance. What is the difference . Personal allowance and then weve been talking about Tax Thresholds as well. ,. ,. Talking about Tax Thresholds as well. ,. ,. ,. ,. ,. ,. , well. The personal allowance is that first threshold. Well. The personal allowance is that first threshold. Everyone well. The personal allowance is that first threshold. Everyone who well. The personal allowance is that first threshold. Everyone who earns| first threshold. Everyone who earns a wage in the uk can earn 12500 and 70p and not pay a penny of income tax on that money. The problem for us is when inflation starts to push our wages up, us is when inflation starts to push ourwages up, and us is when inflation starts to push our wages up, and we are earning more than that, that w
we start tonight in washington, where talks to avoid a us debt default have been described as productive, but there s still no deal. presidentjoe biden and speaker of the house kevin mccarthy led negotiations on raising the debt ceiling to ensure the us can continue to pay its bills. biden and republican congressional leaders now have just ten days to avoid a default. president biden said: kevin mccarthy spoke outside the white house, and the bbc s nomia iqbal was watching. he said the meeting was productive. he said the tone was good. he appeared in an upbeat mood and he said there was still a way to go before they make a compromise. he did say that he believed the president does want to make a deal. bear in mind, we are fast approaching the deadline, and if a deal is passed, it would take more than a week, or about a week, to get through congress. the speaker appeared confident that would happen. i never wanted to be here. i do not like the idea that you govern by chaos, yo
hello, i m sumi somaskanda. we start in washington tonight, where negotiators have been working to avoid a us debt default. negotiations have been described as productive but there s still no deal. earlier, presidentjoe biden and speaker of the house kevin mccarthy led talks on raising the debt ceiling to ensure the us can continue to pay its bills. biden and republican congressional leaders now have just ten days to avoid a default. president biden said: wwe reiterated once again that default is off the table. and the only way to move forward is in good faith toward a bipartisan agreement. kevin mccarthy spoke outside the white house and the bbc s nomia iqbal was watching. he said the meeting was productive. he said the tone was good. he appeared in an upbeat mood and he said there was still a way to go before they make a compromise. he did say that he believed the president does want to make a deal. bear in mind, we are fast approaching the deadline, and if a deal is
bit of something. the thing is, if we are going to do spending cuts, if we are going to do spending cuts, it if we are going to do spending cuts, it can tjust be the sort of key cuts, it can tjust be the sort of key pillars of things biden has accomplished in his administration, it s going to be administration, it s going to he across administration, it s going to be across the board and combined with some sort of revenue combined with some sort of revenue raising measures. the house revenue raising measures. the house bill revenue raising measures. the house bill not only includes cutting house bill not only includes cutting spending, but reduces tax revenue because it cuts the funding tax revenue because it cuts the funding for the irs that allows them funding for the irs that allows them to funding for the irs that allows them to go after tax cheats. the them to go after tax cheats. the compromise would have to be a little the compromise would have to be a littl