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 todays budget . Ben king takes a look. The background to todays 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 arent going to save that much money from a tax cut, whereas more money in Public Services means B
we have huge cushion, savings cushion in the u.s. economy growing 7% at the end of last year. really strong jobs market. the u.s. economy is really strong here. an oil shock price is probably closer to $200 than $130 what we re facing right now but europe is where the real weakness is. we heard the news from shell saying they re going to stop purchasing the russian oil. what does that mean? also just talk more about europe, what a dire situation it might be for them? one of the things they may have to start stop having car races. yeah. things like that. turn off the ac. ac. heating. it will be all kinds of difficult decisions on the part of europe over the next few years. listen, they never made much in terms of policy changes. they didn t frack. one can argue that s getting addicted to fossil fuels. yes, it s a transition. it allowed us in the united states to transition where we need to go to solar and wind. they never made that decision. nuclear they re phasing out. so the
we know the inflation in february even higher than that. things still feel off kilter. is that going to balance out more? what s it going to take to threat there? hopefully it will. the feds are trying to cool the economy a little bit to normalize things. it the worst when you get a raise but your life costs more. one thing to keep in mind, there are quite a few americans that do have a savings cushion. we saw record household savings during the pandemic but even now with so many people still working from home, that your not spending that expensive dollars to commute, they re not buying their more expensive coffee and lunch. we might end up seeing more people continue the work from home. it s one way to protect yourself from higher prices on everything. my first job was drugstore, 4.20 an hour. i ve been a baby-sitter