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Will save the average worker about £75. But is that the budget rabbit that conservative backbenchers were after . The answer plainly is no, but the truth is, there was simply not enough money to deliver the cut in income tax they had demanded. After the measures announced today, the Office For Budget Responsibility estimated the chancellor has just £8. 9 billion of headroom left, down from the 13 billion he had in the autumn statement. That the second smallest on record, yet the chancellor gave us a relatively optimistic view of the economy, after covid, a war in europe, and the damage inflicted on the british economy economy this, he said, was a budget for long term growth. Todays obr forecast also shows that we have made Good Progress on the Prime Ministers three economic priorities. Compared to when ....
Is expected to confirm the National Living wage will be raised to at least £11 an hourfrom next april. When pressed about the pressure on the government to cut taxes, mr sunak said his priority is curbing inflation to ease living costs. Change may be difficult but i believe the country wants chain and i am going to do things definitely to bring about the change. You saw that last summer when i came to this question. It is about bringing inflation down. Inflation is making people feel poorer. The quicker we bring inflation down, the better it is that is why it is right priority. Rishi sunak there talking to laura kuensberg. Lets unpack this further withjustin urquhart stewart, founder of the Investment Platform regionally. Good morning, justin. Lovely to see betty as well as per usual. Now, interesting to see some of the headlines this morning. The metraux just says, wi ....