Vaping products will come in october 2026 and the existing tax on tobacco will increase. The chancellor says thats in order to maintain the financial incentive to choose over smoking. Windfall tax on the profits of energy firms draw will be extended into 2029 even that was previously scheduled to end in 2028. Increase in flight duty for Business Class tickets, non dom tax free dream on People Living overseas and didnt that it will be replaced with new rules from april 2025. Bigger picture the uk economy now. The obr, office of budget responsibility predicts the economy is going to grow and add 1. 9 we are currently on a technical recession. Inflation rate forecast to fall below 2 target this year but the underlying debt. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year, rising to 92. 8 next year. The government also kept a freeze on alcohol duty, there is a lot to chew over and we have tried to bring up to date on the main headlines but
Those inside, could be up to 4000 people. Dozens have been killed and one inmate describing people massacred in their cells. This State Of Emergency is in the capital and the surrounding areas and curfews are in force until wednesday. This person is in the centre of Port Au Prince, the largest prison in the country and the second in a nearby town also hit over the weekend. The gangs say they want the Prime Minister out of power and it is thought ariel henry is in haiti as of sunday. Had been visiting kenya talking about a kenya led Multinational Security force. We can speak to our correspondent. What is the latest . ,. ,. ,. , the latest . There is a lot of expectation the latest . There is a lot of expectation at the latest . There is a lot of expectation at this the latest . There is a lot ofj expectation at this moment the latest . There is a lot of expectation at this moment since the first day of this emergency, measures have been taken place but the key thing here is to see how t
Government is only talking to a ten own mps and talking into an election. Levelling up funds, £242 million to be spent in canary wharf, one of the most expensive postcodes in the uk. What is that but a bribe towards the election for london may. We are seeing a government in its final throes, we are seeing a government in its finalthroes, is we are seeing a government in its final throes, is on the government emphasising wealthy taff tax breaks for the wealthy and making a real difference to peoples lives. People on low wages were disproportionately dependent on the very Public Services that are being cut at the same time. Services that are being cut at the same Time Services that are being cut at the same time. ,. ,. ,. , same time. You have the powers to initiate two same time. You have the powers to initiate two devolved same time. You have the powers to initiate two devolved taxes, same time. You have the powers to initiate two devolved taxes, its initiate two devolved taxes, its t
British ice are tax Free Allowance to invest in uk listed companies. British isa tax Free Allowance. Moving on to the uk economy. The Office For Budget Responsibility predicts uk economy will grow by 0. 8 this year and 1. 9 next year. The uks Inflation Rate is also forecast to fall below 2 target this year. But the underlying debt, excluding Bank Of England debt, is forecast to be 91. 7 of gdp this year rising to 92. 8 next year. The government also kept a freeze on alcohol duty, which had been due to end in august, which will now continue until february 2025. There will be a new tax on vaping products to start in october 2026, and the existing tax on tobacco will increase. The chancellor says is in order to maintain the financial incentive to choose vaping over smoking. 0n transport and energy, the government has frozen the fuel duty again and kept the 5p cut in fuel duty on petrol and diesel, due to end later this month for another year. A windfall tax on the profits of energy firms,
Hannah miller, has the story. In homes across the country and Public Services on the ground, it can seem like everyone is crying out for cash. We have got roads full of potholes. Are you confident that the chancellor will be persuaded to give you more money to spend on housing in the budget in a few weeks time . Well, im doing everything that i can. I mean, short of laying siege to his own home. Well, i want us to be, you know, l Cutting Taxes in a responsible way. Under pressure from backbenchers and with less money to play with than hed hoped for the chancellors scrabbling around for ways to pay for a tax cut on a scale that voters will notice. Today, mr speaker, im going to cut the main 12 rate of Employee National insurance. Last year, he chose to cut National Insurance contributions and its thought he may do that again. A tax cut for workers that brings no benefit to pensioners. The Number Crunching going on inside number 11 is not just about the state of the nations finances its