failed. let's take a look at that's failed. let's take a look at some of the key announcements today. we will begin with tax. the chancellors announced the national insurance will be cut by another 2p in the pound. he says a cut which will begin next month is worth £450 a year to the average worker. the earnings threshold has raised to £50,000 was puppet governments froze in the fuel duty again at the 5p fuel on petrol and diesel for a further year. the governments also kept a freeze on alcohol duty which had been due to end in august. that will continue until next february. mr hunt is also announced a longer repayment period for people on benefits taking out emergency budgeting loans. they will be an increase in vat threshold for small businesses going up from £85,000 to £90,000. let's go back to more taxes. there will be a tax on vaping

products to start in october 2026. and... the chancellor says it's in order to maintain the financial incentive to choose vaping over smoking. let's move on to the broader picture for the uk economy. in the office of budget and responsibility has predicted that... remember, we're in a technical recession at the moment. let's move onto debt.

lots of figures in numbers but it's important we take you through the main developments from today's budget. in a moment i'll be discussing is in finer detail with my colleague. i'll also bejoined by our economics correspondent who is in the newsroom for us. first our political correspondent looks back at today's development here in west minister. i5 at today's development here in west minister. , , ., . ., minister. is this an election winnin: minister. is this an election winning budget, _ minister. is this an election | winning budget, chancellor? minister. is this an election - winning budget, chancellor? as jeremy hunt pose for the last photo, dues before the budget the economy has dipped into recession. the polls for the conservatives looks stubbornly low. mr hunt and the tories have pinned their hopes on offering tax cuts for the mr

chancellor of the exchequer. the big new measure of much publicising of brats was up for the cut and national insurance from april. when combined with _ national insurance from april. when combined with the _ national insurance from april. when combined with the autumn - national insurance from april. “mien combined with the autumn reductions it means 27 million employees will get an average tax cut of £900 per year. 2 million self employed will get a tax cut averaging £650 for the changes that make our system simpler and fairerand changes that make our system simpler and fairer and changes that grow our economy. and fairer and changes that grow our econom . . ., , , economy. future increases in spending _ economy. future increases in spending were _ economy. future increases in spending were kept - economy. future increases in spending were kept to - economy. future increases in spending were kept to a - economy. future increases in spending were kept to a tight economy. future increases in - spending were kept to a tight but although mr hunt and i'll new money for the nhs. and to help most vulnerable continue for another six months. there was news her parents increasing the maximum one parent can earn before a family starts to lose child benefit. can earn before a family starts to lose child benefit.

i confirm that from this april, the high—income child benefit charge threshold will be raised from £50,000 to £60,000. we will raise the top of the taper at which it's withdrawn to £80,000. that means no—one earning under £60,000 will pay the charge, taking 170 families out of paying it altogether. in a political as well as economic move, jeremy hunt took labour's plans to change how wealthy foreign nationals pay tax from and to extend a windfall levy on oil and gas companies. that is money the party opposite planned to use for spending increases, but today a conservative government makes a different choice. we use that revenue to help cut taxes on working families. sir keirstarmer. hear, hear. after this budget, debt and taxation levels will stay high and forecast growth low. thank you, madam deputy speaker. there we have it — the last, desperate act of a party that has failed. clamour. britain in resession, the national credit card maxed out and —

despite the measures today — the highest tax burden for 70 years. sir keir backed a freeze on fuel duty and the national insurance cut, even though that will leave labour having to find a new way to fund its own plans. the harder they try with cynical games like this, the worse it will get for them, because the whole country can see exactly who they are — fighting for themselves, politics not governing, party first, country second. the scottish national party weren't impressed with the budget measures. the prime minister might be under the impression that the cost—of—living crisis is easing, but that assessment will be a slap in the face for households across scotland who are still facing the consequences of over a decade of tory cuts and mismanagement of the economy. the liberal democrats say the national insurance cut is a swindle. i the ni cut is not really going to. make a huge difference to people. they are still going to be paying

| more in tax in the next tax year| as a result of the planned - tax rises that the government are not reversing. this small cut in national insurance lisjust a very, very small reduction| i in the amount of increased taxes. that people are going to be paying. i commend this statement to the house! now all the chancellor can do is watch to see how his budget lands outside the commons, among the voters who will decide who delivers the next one. helen catt, bbc news, westminster. joining me now to discuss today's budget is martin lois. the founder of the consumer website money—saving expert .com for the welcome to bbc news. you watch the budget, what did you make of it?— you make of it? clearly the budget have us macroeconomics, - you make of it? clearly the budget have us macroeconomics, sc- you make of it? clearly the budget| have us macroeconomics, sc public spendings and the consumer finance. if you lookjust spendings and the consumer finance. if you look just at that third and i'm only looking at in isolation this is in electoral budget trying to put more money into consumers pockets. i think in general it has

succeeded doing that. it's a big national insurance cut which means national insurance cut which means national insurance cut which means national insurance will drop 4% from the beginning ofjanuary national insurance will drop 4% from the beginning of january two where we're in april. it will drop two percentage points injanuary. and for me the big one had been campaigning on and delighted to see is about the changes to child benefit. that has been a gross unfairness that is penalise single parents, single orders and dominant earnerfamilies since parents, single orders and dominant earner families since 2013. i hope we're going to see an end to that. you've been campaigning on that. i was reading your tweet, you said we got the win on child benefit. you also wrote that the chancellor had tipped you off about this because you been campaigning so heavily on it. were you hoping for a different threshold or are you happy with where it was set? it’s threshold or are you happy with where it was set?— threshold or are you happy with where it was set? it's pretty close to almost exactly _ where it was set? it's pretty close to almost exactly what _ where it was set? it's pretty close to almost exactly what i _ where it was set? it's pretty close to almost exactly what i said to i to almost exactly what i said to him. genesis is when i was interviewing the chancellor for my tv show in i asked the public what

do you want me to ask him about? at the pounds as a response but staggeringly about a third of them were on the higher income child benefit charge. which blew me away for that when i spoke to the chancellor... i'll read you the question i put to him. it sets out why this is so important. this is from alan... my son's partner tragically died 30 for days after giving birth to twins. my son sick in a newjob that pays him 60000 and struggling with cost—of—living and mortgage repayment for the lower income even though his job went out ah massey is asking to repay benefit. this seems grossly unfair that a couple can bring in nearly 100 grand but a single breadwinner loses out once you earn more than half of this. i protected the chancellor, nearly three million people are watching the chancellor admitted it was a gross unfairness. i understood at the time there's no way to practically start assessing income based on family income individual income was something that could be put in place for the

budget. what i said as you should be consulting on that and get that changed as quickly as possible. in the meantime increase the threshold. i suggested he increase the threshold to £60,000. which would put us in the same position we were in when this was introduced in 2013 and gone up with inflation. he's put it up to £60,000. then instead of the top level now being 70 rather than 60 the level where you lose all your child benefit is now £80,000. i had to go for 65 to 70,000, he's gone from 60 to £80,000. i'm not a quibble over that. the most important thing is many people who have lost child benefit because of this higher income charge in and unfairness are hopefully put back in the system. the whole thing should be fixed by april 2026. a, the system. the whole thing should be fixed by april 2026.— be fixed by april 2026. a win for ou on be fixed by april 2026. a win for you on that- _ be fixed by april 2026. a win for you on that. briefly, _ be fixed by april 2026. a win for you on that. briefly, what - you on that. briefly, what other things would you have liked to of seenin things would you have liked to of seen in that budget that perhaps didn't show up? a,

seen in that budget that perhaps didn't show up?— seen in that budget that perhaps didn't show up? a lot of my stuff tries to be _ didn't show up? a lot of my stuff tries to be a _ didn't show up? a lot of my stuff tries to be a political _ didn't show up? a lot of my stuff tries to be a political rather - didn't show up? a lot of my stuff tries to be a political rather than | tries to be a political rather than distribute to to. i was disappointed to see we lost the chancellor to change our product for first time at buyers whether they get a 27% boost for their first home worth up to 550 grand. since it was introduced in 2017 house prices are gone up 30% but the threshold had an increase. which means many people who did what they told them to do to save it as a first—time buyer not only will they knock at the bonus if they buy a house that now is over 450,000 but they actually have to pay a penalty to get their own money out of the six point to fort percent. if you save 20 grand you are living in the southeast of england, 80% of borrows are over 450 grand. you have to give the state over grand if you save 20 grand to get your money out. i hope it like that because i've been

campaigning on that. he told me he was sorry he couldn't do it but he wanted to do a whole lot more on first—time buyers but they are waiting until house prices are confirmed and consistently going up before they do anything he hopes then to change the regime. i was very disappointed we didn't see a change that for the player many young people struggling because of that charge and it penalises them paying a fine to the state for the back campaign isn't over and certainly i think the doors open for a change in the future whom ever is in government. i’ll a change in the future whom ever is in government-— in government. i'll continue to campaign _ in government. i'll continue to campaign on _ in government. i'll continue to campaign on it- _ in government. i'll continue to campaign on it. you _ in government. i'll continue to campaign on it. you have - in government. i'll continue to campaign on it. you have a - in government. i'll continue to i campaign on it. you have a large community through your money—saving expert website. what's up in the reaction from people in touch with you today to today's budget? we all know the political _ you today to today's budget? we all know the political position - you today to today's budget? - all know the political position wherein. i asked on twitter and did better or worse are as expected most people say worse than expected. then i don't remember budget where they haven't said worse than it expected. this pessimism around the country.

quite understandably —— nhs and public services are broken. that certainly a national insurance is not been a shift the dial on the sentiment out there. that's a bit too political for me. sentiment out there. that's a bit too politicalfor me. on the sentiment out there. that's a bit too political for me. on the whole looking at consumer finance element there are some welcome things here for that not everything they would've wanted but a bit more money in peoples pockets. but whether that changes the dial when you look at public services and the wider economy ids for people to make up their minds themselves with the martin, thank you so much for sharing your thoughts on today's budget. sharing your thoughts on today's bud . et. ~ . , sharing your thoughts on today's budaet. n, , ., budget. martin lewis are money-saving _ budget. martin lewis are money-saving expert. i budget. martin lewis are i money-saving expert. let's budget. martin lewis are - money-saving expert. let's go to budget. martin lewis are _ money-saving expert. let's go to our money—saving expert. let's go to our economics corresponded any verity in the newsroom. this is being presented —— ian d. as a tax—cutting budget in the sense that national insurance is now gone down to p in the pound. of course in the autumn

statement last year it was a cut so it's a total of cut in the pound. about £450 that will shave off peoples bills for a wind that kicks in. i think it's peoples bills for a wind that kicks in. i think its next month. 0verall in. i think its next month. overall we were talking about the overall tax burden that people face was were some people calling for tax cuts in income tax. some people saying that this concept of fiscal drag, i know you're going to explain more clearly than i cam that the tax threshold hasn't changed as incomes has is actually meant that overall people have been paying more taxes in the last ten years or so. take us through that and what that means in the overall picture. the through that and what that means in the overall picture.— the overall picture. the tax burden is hiuher the overall picture. the tax burden is higher than _ the overall picture. the tax burden is higher than it's _ the overall picture. the tax burden is higher than it's been _ the overall picture. the tax burden is higher than it's been a _ the overall picture. the tax burden is higher than it's been a long - is higher than it's been a long the biggest tax rise was introduced by rishi sunak a couple of years ago and he said he was gonna freeze those tax threshold. you don't pay tax if you earn up to £12,570. 0r

national insurance but you will start paying it on the income you get above that threshold. it used to be the threshold of 12500 and two of them do what martin did it would rise as incomes rose was up it will go rise as incomes rose was up it will 9° up rise as incomes rose was up it will go up like that. so roughly the same for the upper portion of your income that would be exposed to tax that sense rishi sunakfroze that would be exposed to tax that sense rishi sunak froze those threshold it means that the incomes go threshold it means that the incomes 9° up threshold it means that the incomes go up in the threshold doesn't rise so a larger and larger chunk of your income is exposed to tax for the it may go to the next threshold up to 40 what the officers said in their announcement is that five years from now 3.7 million people previously regarded by the government is too poor to pay tax will be paying tax. in a further 2.7 million who currently only pay basic rate tax will be paying higher rate tax. an additional rate payers some of those lucky enough to more than a grand will be paying 45p for the people probably won't feel sorry for them.

the burden of debt take away from us the workers falls more heavily on those at the bottom end of the income spectrum. those who are just above the threshold where as the benefit of the cuts to national insurance announced today and in the autumn statement is much more to those at the higher income. that's a complete reversal of how it was under david cameron's government where they kept raising the threshold in order to make poor people less poor.— people less poor. andy verity, indispensable _ people less poor. andy verity, indispensable on _ people less poor. andy verity, indispensable on a _ people less poor. andy verity, indispensable on a day - people less poor. andy verity, indispensable on a day like - people less poor. andy verity, i indispensable on a day like today. thank you for taking us through your analysis on those tax changes. joining me as richard hughes, the chair of the office for budget responsibility. welcome to bbc news. we've been hearing a lot about your organisation in the last few days. apologies, we will try and have this conversation amongst the shouting. now that the budget has been delivered we've also heard some

forecasts and research from dob are. just take us through what you've issued and what that means. it’s issued and what that means. it's onl been issued and what that means. it�*s only been three months as a last forecast in november. some bad news, the economy shrunk at the last to present but good news going forward, inflations become a down faster or for the interest rates are also good of all faster. we expect that her support and a stronger recover this year and next year which means by the time you get to the end of the forecast the overall gdp is where we expected it to be back when we did our november forecast with our overall gdp forecast is unchanged, more disappointed starting points were probably stronger growth falling prices and interest rates on the next few years. we falling prices and interest rates on the next few years.— the next few years. we heard that man say happy _ the next few years. we heard that man say happy new _ the next few years. we heard that man say happy new year. - the next few years. we heard that man say happy new year. is - the next few years. we heard that man say happy new year. is there| man say happy new year. is there going to be happier news? 0ne man say happy new year. is there going to be happier news? one of your forecast going to be happier news? one of yourforecast on going to be happier news? one of your forecast on inflation seems to suggest that later this year we could be hitting the governments target of 2%. we could be hitting the governments target of 296-— target of 2%. we do think thanks to fallin: target of 2%. we do think thanks to falling energy _ target of 2%. we do think thanks to falling energy prices _ target of 2%. we do think thanks to falling energy prices that _ target of 2%. we do think thanks to falling energy prices that will - falling energy prices that will

bring down the level of inflation further and by the middle of the year and into the second half inflation comes below 2%, that's important to peoples living standards because it means that wages are more likely to outpace inflation and we think while we experience a historic living standards last year going forward we will see growth in living standards. and will catch up with the pre—pandemic level we saw in 2019 by the middle. pre-pandemic level we saw in 2019 by the middle. ~ ., ., , , , pre-pandemic level we saw in 2019 by the middle. ~ ., ., ,, , , the middle. when that happens people also have a conversation _ the middle. when that happens people also have a conversation where - the middle. when that happens people also have a conversation where they i also have a conversation where they talk about inflation, interest rates and of course it's not the government that decides if that's the bank of england. do you have any predictions on where they might head in the next year? itruiith predictions on where they might head in the next year?— in the next year? with hit market expectations- _ in the next year? with hit market expectations. we _ in the next year? with hit market expectations. we look _ in the next year? with hit market expectations. we look at - in the next year? with hit market expectations. we look at what i in the next year? with hit market| expectations. we look at what the market say and interest rates. we've seen pressures falling globally and domestically we think that has brought down market expectations of interest rates for feet into a lighter squeeze on household finances with up it's also good news for the chancel because that breaks down the cost of servicing the large debt the government has and helps to boost fiscally at least in the near term which is what he used in the

spring budget debt—to—gdp ratio is still quite high, isn't it? it's high and rising. it's about 88 gdp at the moment. it rises up into the low 90s. in the final year crucially when the chancellors got an objective to get it falls down by a few tenths of a work percentage point in the 50 or voc forecast, which means the chancel meets his fiscal targets with £9 million to spare. in fiscal targets with £9 million to sare. , ., , ., , ., spare. in terms of this that year were talking _ spare. in terms of this that year were talking about, _ spare. in terms of this that year were talking about, this - spare. in terms of this that year were talking about, this is an i were talking about, this is an election year. how much do policies really change the course is such a short term? we're talking about a few months. it could be another fiscal year that the government could introduce before the autumn election some said. most of what we heard today going to be a longer—term output? i heard today going to be a longer-term output? i think that's for the electorate _ longer-term output? i think that's for the electorate to _ longer-term output? i think that's for the electorate to decide - longer-term output? i think that's for the electorate to decide for - longer-term output? i think that's| for the electorate to decide for the we take the polls and put them through our forecast and as soon as

they go full engine. it's a case that the government is taking big changes to the tax system. just over the last few months we've seen to be cut in november and another in this budget. these do take effect very quickly for the it's one of the things that supports the growth over the next two years because there is more disposable income for people to spend after tax. more disposable income for people to spend after tax— spend after tax. thank you for shafinu spend after tax. thank you for sharing the — spend after tax. thank you for sharing the ob _ spend after tax. thank you for sharing the ob ours _ spend after tax. thank you for i sharing the ob ours perspective spend after tax. thank you for - sharing the ob ours perspective for sharing the 0b ours perspective for the and talking us through some of your forecast which is very useful to set everything into context today. thank you so much. richard hughes from the office for budget responsibility. before the budget statement we spoke to a financial specialist and to people who were keen to know what the chancellor would propose. they will bejoining us again. let's remind ourselves of mr hunt's announcement that the government would build more houses for young people in sheffield, black and liverpool. plus 8000 more here in london and canary wharf.

we also want to level up opportunity across the generations, including building more houses for young people, and we're on track to deliver over 1 million homes in this parliament. last week, the levelling up secretary allocated £188 million to support projects in sheffield, blackpool and liverpool. and today i go further, allocating £242 million of investments in barking, riverside and canary wharf, which together will build nearly 8,000 houses, as well as transforming canary wharf into a new hub for life science companies. back with us now are the founder and ceo of boring money along with joanne who said she struggled to make ends meet for that matthew mckenzie from london, a working carer. i'm going to go tojoanne first because wejust carer. i'm going to go tojoanne first because we just heard about housing for the earlier when we spoke to you you raised concerns

about somebody like you being really unable to afford to be on the property ladder. unable to afford to be on the property ladder-— unable to afford to be on the --roe ladder. , ., ., ., , property ladder. yes. i am already stuck in it- — property ladder. yes. i am already stuck in it- my _ property ladder. yes. i am already stuck in it. my concern _ property ladder. yes. i am already stuck in it. my concern is - property ladder. yes. i am already stuck in it. my concern is the - property ladder. yes. i am already stuck in it. my concern is the fact. stuck in it. my concern is the fact that i moved into shed ownership and the prices for this just keep rising. that's nothing to do with the mortgage rates, docs to with affordable housing and the housing association. i'd actually like to see caps on it rises to things like this for housing association properties. this for housing association properties-_ this for housing association ro erties. ., , , i. properties. holly, let me bring you in. you're properties. holly, let me bring you in- you're the _ properties. holly, let me bring you in. you're the financial _ properties. holly, let me bring you in. you're the financial expert, - properties. holly, let me bring you in. you're the financial expert, the | in. you're the financial expert, the number cruncher, shall we say. you heard from joanne earlier. now you've heard but the chancellor had to say. what is in that budget that could directly help someone like joanne? i could directly help someone like joanne? ~ , could directly help someone like joanne? ~' , , , ., joanne? i think the red tube bits of aood news joanne? i think the red tube bits of good news for _ joanne? i think the red tube bits of good news forjoanne _ joanne? i think the red tube bits of good news forjoanne from - joanne? i think the red tube bits of good news forjoanne from the - good news forjoanne from the budget today _ good news forjoanne from the budget today the _ good news forjoanne from the budget today. the first was the chancellor announcing the 0pr, that's the watchdog to make shores politicians

are just _ watchdog to make shores politicians are just making up the numbers and telling _ are just making up the numbers and telling the _ are just making up the numbers and telling the truth. they said inflation is forecast to come down to under— inflation is forecast to come down to under 2% this year. the good news forjoanne. _ to under 2% this year. the good news forjoanne, although it's not directly— forjoanne, although it's not directly controlled by the chancellor is that her mortgage should — chancellor is that her mortgage should be coming down so those payments — should be coming down so those payments should be easing. the other .ood payments should be easing. the other good news _ payments should be easing. the other good news forjoanne is the headline change _ good news forjoanne is the headline change to— good news forjoanne is the headline change to national insurance with what that — change to national insurance with what that means the average person will see _ what that means the average person will see another impact on the attack— will see another impact on the attack on pay. at the end of the year— attack on pay. at the end of the year shall— attack on pay. at the end of the year shall be £450 better off. as for questions directly about property the chancellor didn't make any announcements that will directly benefit _ any announcements that will directly benefit joanne today. any announcements that will directly benefitjoanne today. he any announcements that will directly benefit joanne today. he also missed an opportunity to improve the lifetime — an opportunity to improve the lifetime ice which is to help young people _ lifetime ice which is to help young people get back onto the property ladder~ _ people get back onto the property ladder. ., ., ., . ladder. one thing i wanted to touch on before we _ ladder. one thing i wanted to touch on before we move _ ladder. one thing i wanted to touch on before we move on _ ladder. one thing i wanted to touch on before we move on to _ ladder. one thing i wanted to touch on before we move on to matthew, | on before we move on to matthew, we spoke to a journalist earlier who is

renting and she said there wasn't much in there for renters. 0bviously joanne owns her place. but there are renters concerned there wasn't enoughin renters concerned there wasn't enough in there for them in the housing challenges are really great at the moment, aren't they? i think what he has — at the moment, aren't they? i think what he has done _ at the moment, aren't they? i think what he has done as _ at the moment, aren't they? i think what he has done as tried _ at the moment, aren't they? i think what he has done as tried to - at the moment, aren't they? i think what he has done as tried to tackle | what he has done as tried to tackle the problem of body to left. he looked — the problem of body to left. he looked at — the problem of body to left. he looked at the cost of body to left and does — looked at the cost of body to left and does something to change that. he's also— and does something to change that. he's also brought down capital gains tax for— he's also brought down capital gains tax for a _ he's also brought down capital gains tax for a higher rate taxpayers on second _ tax for a higher rate taxpayers on second properties. ithink tax for a higher rate taxpayers on second properties. i think you try to get— second properties. i think you try to get more property back into the market— to get more property back into the market to — to get more property back into the market to get that moving up. again for people _ market to get that moving up. again for people injoann situation or people — for people injoann situation or people yield renting their was some .ood people yield renting their was some good news for them in today's budget — good news for them in today's budget. do good news for them in today's budaet. ,, good news for them in today's budaet. , , . budget. do you stay with us. we will now no to budget. do you stay with us. we will now go to matthew. _ budget. do you stay with us. we will now go to matthew. you _ budget. do you stay with us. we will now go to matthew. you are - budget. do you stay with us. we will now go to matthew. you are a - now go to matthew. you are a carer but also hold down a job. and there are challenges with that and the affordability of that. just tell us what you thought of what the chancel

had to say. did you feel there was anything in there for you?- anything in there for you? hardly an hint anything in there for you? hardly anything at _ anything in there for you? hardly anything at all- — anything in there for you? hardly anything at all. it's _ anything in there for you? hardly anything at all. it's not _ anything in there for you? hardly anything at all. it's notjust - anything in there for you? hardly anything at all. it's notjust for i anything at all. it's notjust for working carer is, i did have a chat with other carriers who are really excited to see me on the bbc. they started to watch the budget and they didn't realise that their position would be extra excited. that excitement died down really when there wasn't any focus on carer�*s allowance of the national carer strategy for that and i didn't really expect much from myself being a working carer. some got back to me saying they were fairly pleased about the house support fund being extended. a lot of unpaid carers i know are really struggling with high energy costs for the to be honest, i didn't really expect to hear much from the budget on my circumstances today. from the budget on my circumstances toda . a, from the budget on my circumstances toda . i. from the budget on my circumstances toda . ., ., from the budget on my circumstances toda. ., ., ., today. okay. do you want to ask holly anything? _ today. okay. do you want to ask holly anything? holly, _ today. okay. do you want to ask holly anything? holly, what - today. okay. do you want to ask l holly anything? holly, what would you say to matthew? i holly anything? holly, what would you say to matthew?—

you say to matthew? i talked to matthew earlier, _ you say to matthew? i talked to matthew earlier, i _ you say to matthew? i talked to matthew earlier, i was - you say to matthew? i talked to matthew earlier, i was listening you say to matthew? i talked to - matthew earlier, i was listening out in the _ matthew earlier, i was listening out in the budget for things that may help you — in the budget for things that may help you and your family. there was a small— help you and your family. there was a small nod — help you and your family. there was a small nod to those on universal credit— a small nod to those on universal credit in— a small nod to those on universal credit in the budget. in the advance payments— credit in the budget. in the advance payments you now have longer time frame _ payments you now have longer time frame to— payments you now have longer time frame to repay those. as matthew also mentioned the household support fund, that's— also mentioned the household support fund, that's run by local councils, that's— fund, that's run by local councils, that's been— fund, that's run by local councils, that's been given another lifeline or a further six months. but the big flagship _ or a further six months. but the big flagship announcement today, that cut in_ flagship announcement today, that cut in national insurance for lower income _ cut in national insurance for lower income families, for those earning £20.000 — income families, for those earning £20.000 a — income families, for those earning £20,000 a year say, that's only going _ £20,000 a year say, that's only going to — £20,000 a year say, that's only going to mean 149 more in their pockets — going to mean 149 more in their pockets at — going to mean 149 more in their pockets at the end of the year. matthew, _ pockets at the end of the year. matthew, i'm sorry, i did try and find something for you in the budget _ find something for you in the budget. it wasn't a great budget for lower— budget. it wasn't a great budget for lower income families.— budget. it wasn't a great budget for lower income families. matthew, what would ou lower income families. matthew, what would you like — lower income families. matthew, what would you like to _ lower income families. matthew, what would you like to say _ lower income families. matthew, what would you like to say directly - lower income families. matthew, what would you like to say directly to - would you like to say directly to holly? i’d would you like to say directly to holl ? �* ~ ., would you like to say directly to holl ?�* ~ ., ., ,, would you like to say directly to holl?�* ~ ., ., would you like to say directly to holl ?�* ~ ., ., ,, ., holly? i'd like to say thank you for bein: holly? i'd like to say thank you for being there. _ holly? i'd like to say thank you for being there. to — holly? i'd like to say thank you for being there, to raise _ holly? i'd like to say thank you for being there, to raise the - holly? i'd like to say thank you for being there, to raise the issues, l being there, to raise the issues, is not an easy thing to understand but

i think it's so important that those who are struggling listen into the bbc and get information and advice. and perhaps look forward to the next budget and only hope and pray they will be support for those who are struggling in providing care for what we should often try to do and scare and support for their loved ones. .., . scare and support for their loved ones. ., , , scare and support for their loved ones. ., , ., ~ scare and support for their loved ones. ., , , ., ~ ones. -- care and support. thank you to matthew- — ones. -- care and support. thank you to matthew. because _ ones. -- care and support. thank you to matthew. because of— ones. -- care and support. thank you to matthew. because of his _ ones. -- care and support. thank you to matthew. because of his haste - to matthew. because of his haste have been— to matthew. because of his haste have been talking to him and is highlighted for me, there were 5 million _ highlighted for me, there were 5 million working carers in the uk, they— million working carers in the uk, they are — million working carers in the uk, they are not to be helped much by today's _ they are not to be helped much by today's national insurance announcement. matthew, i get to be a bit of digging, i'll write some blogs — bit of digging, i'll write some blogs and see if i can find any sliver— blogs and see if i can find any silver lining to the clouds of today's— silver lining to the clouds of today's income for lower income families — today's income for lower income families is_ today's income for lower income families. , ., , today's income for lower income families. , . , , families. is there anything else you would like to _ families. is there anything else you would like to ask _ families. is there anything else you would like to ask holly _ families. is there anything else you would like to ask holly before - families. is there anything else you would like to ask holly before we i would like to ask holly before we go? would like to ask holly before we no? �* would like to ask holly before we io? �* ., would like to ask holly before we no? �* ., , would like to ask holly before we io? �* ., , ., , go? i'm not sure. i lost with the whole budget. _ go? i'm not sure. i lost with the whole budget. i— go? i'm not sure. i lost with the whole budget. ifeel_ go? i'm not sure. i lost with the whole budget. i feel like - go? i'm not sure. i lost with the whole budget. i feel like we - go? i'm not sure. i lost with the whole budget. i feel like we got| whole budget. i feel like we got 30 odd quid back a month. but when a

weekly shop costs small fortune and my rent has gone up by 20% injust a year that is nothing. my rent has gone up by 2096 in 'ust a year that is nothingfi year that is nothing. okay. joann, han on. year that is nothing. okay. joann, hang on- a _ year that is nothing. okay. joann, hang on- a few — year that is nothing. okay. joann, hang on. a few bills _ year that is nothing. okay. joann, hang on. a few bills will— year that is nothing. okay. joann, hang on. a few bills will come - year that is nothing. okay. joann, i hang on. a few bills will come down in april _ hang on. a few bills will come down in april. mortgage payment should be coming _ in april. mortgage payment should be coming down for people. i understand the cost—of—living is a heavy pressure _ the cost—of—living is a heavy pressure on many. there will be in the average — pressure on many. there will be in the average persons pocket at the end of— the average persons pocket at the end of this — the average persons pocket at the end of this year about £1000 more because _ end of this year about £1000 more because of— end of this year about £1000 more because of the national insurance cut today — because of the national insurance cut today and also the one at the beginning — cut today and also the one at the beginning of the year. i think there are faint _ beginning of the year. i think there are faint signs that things will use are faint signs that things will use a little _ are faint signs that things will use a little. but certainly we're not through — a little. but certainly we're not through the woods yet and it is tough — through the woods yet and it is tough out _ through the woods yet and it is tough out there for most families. holly, _ tough out there for most families. holly, thank you so much for taking both matthew and joanna through their personal circumstances. there is plenty more analysis with that if you are watching at home and want to know a bit more about how this budget impact you personally we have plenty of explainers and details for

that if you missed the details you can go to the bbc news website for that we have information and clips of what the chancellor and the leader of the opposition labour party had to say as well. loads more on the bbc news website. do stay on that as well. joining me isjohnny flynn rattles, the shadow business and trade secretary. thank you for joining me from our west minister studio, i think. joining me from our west minister studio, ithink. —— joining me from our west minister studio, i think. ——john reynolds. what is your reaction to what the chancellor had to say? that was absolutely _ chancellor had to say? that was absolutely dire _ chancellor had to say? that was absolutely dire today. _ chancellor had to say? that was absolutely dire today. this - chancellor had to say? that was absolutely dire today. this was l chancellor had to say? that was i absolutely dire today. this was the culmination of 14 years of conservative failure foot of the big picture is that parliament are living standards have got worse, not better. where business investment, they need to get the economy growing. growth is incredibly poor. and people looking at the announcements today will ask how is this going to change any of that for

the someone else was on tax, yes the tax burden still at record levels and getting higher. i think the british public want a general election. they want the chance to change the future direction of the country and i will only come to a change in government.— country and i will only come to a change in government. let's step awa let's move away from the politics. let's move away from the politics. let me ask you this. what would you do differently in government? because there isn't much wiggle room for the economy at the moment. what would you do differently? the imperative — would you do differently? tia: imperative remains, economy would you do differently? ti2 imperative remains, economy has to grow faster. the things that we will do our things that only we can do. building some houses, every section in parliament, tory mps say no houses in their area. it's about it getting sorted to build homes. it's having a proper industrial strategy like every other country we're competing has. it's things like the

green prosperity plan. it is still significant investment to bring in them much bigger amount of private investment. we can also offer a bit of stability, and that is even more than any other time in recent history. the big things that are necessary to get the economy growing are notjust necessary to get the economy growing are not just about spending are notjust about spending money, and we can do them in a way we haven't seen in the last 14 years. so you do support to the national insurance cut as a party, you do think that's a good idea? we insurance cut as a party, you do think that's a good idea?- think that's a good idea? we do because we _ think that's a good idea? we do because we have _ think that's a good idea? we do because we have posed - think that's a good idea? we do because we have posed a - think that's a good idea? we do because we have posed a few i think that's a good idea? we do - because we have posed a few years ago the conservative party putting up ago the conservative party putting up national insurance. the argument we've been making is that the burden of taxation on working people is so high despite the fact that their services aren't what they should be. it is because of that low growth, low productivity, low investment economy the conservative party has produced. we're being consistent,

but we know we can make things work better.