tv BBC News at Six BBC News September 23, 2022 6:00pm-6:31pm BST
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today at six, a dramatic change in economic direction, the biggest tax cuts in half a century. in a radical bid to kick—start growth. not a traditional budget but the chancellor brought in sweeping changes including a penny of the basic rate of income tax and abolishing the 45% rate. we promised abolishing the 45% rate. we promised a new approach _ abolishing the 4596 rate. we promised a new approach for _ abolishing the 4596 rate. we promised a new approach for a _ abolishing the 4596 rate. we promised a new approach for a new _ abolishing the 4596 rate. we promised a new approach for a new era, - abolishing the 4596 rate. we promised a new approach for a new era, we - a new approach for a new era, we promised to release the enormous potential of this country. our growth plan has delivered all those promises and more.— promises and more. stamp duty thresholds _ promises and more. stamp duty thresholds will _ promises and more. stamp duty thresholds will rise _ promises and more. stamp duty thresholds will rise and - promises and more. stamp duty thresholds will rise and the - promises and more. stamp duty thresholds will rise and the capl promises and more. stamp duty l thresholds will rise and the cap on bankers bonuses is lifted but the pound tumbles following the announcement. labour condemned the plan is a dangerous risk. the announcement. labour condemned the plan is a dangerous risk.— plan is a dangerous risk. the prime minister and _
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plan is a dangerous risk. the prime minister and chancellor _ plan is a dangerous risk. the prime minister and chancellor are - plan is a dangerous risk. the prime minister and chancellor are like - plan is a dangerous risk. the prime | minister and chancellor are like two desperate _ minister and chancellor are like two desperate gamblers in a casino chasing — desperate gamblers in a casino chasing a — desperate gamblers in a casino chasing a losing run. for people ara- linu chasing a losing run. for people grappling with _ chasing a losing run. for people grappling with the _ chasing a losing run. for people grappling with the soaring - chasing a losing run. for people. grappling with the soaring cost of living, what do they make of the chancellors announcement? yes. living, what do they make of the chancellors announcement? yes, i'm not auoin chancellors announcement? yes, i'm not going to — chancellors announcement? yes, i'm not going to pay _ chancellors announcement? yes, i'm not going to pay stamp _ chancellors announcement? yes, i'm not going to pay stamp duty. - chancellors announcement? yes, i'm not going to pay stamp duty. that's l not going to pay stamp duty. that's good. it’s not going to pay stamp duty. that's aood. �* , ., not going to pay stamp duty. that's iood, �*, ., ., , good. it's a trickle-down budget. sometime in _ good. it's a trickle-down budget. sometime in the _ good. it's a trickle-down budget. sometime in the future _ good. it's a trickle-down budget. sometime in the future we - good. it's a trickle-down budget. sometime in the future we may l good. it's a trickle-down budget. i sometime in the future we may see good. it's a trickle-down budget. - sometime in the future we may see a benefit, _ sometime in the future we may see a benefit, if— sometime in the future we may see a benefit, if goes well but the poor need _ benefit, if goes well but the poor need help right now. will benefit, if goes well but the poor need help right now.— benefit, if goes well but the poor need help right now. will be looking at what the changes _ need help right now. will be looking at what the changes will _ need help right now. will be looking at what the changes will mean - at what the changes will mean for you amid questions about how the government is going to pay for this. also on the programme. the first woman to win the booker prize twice, the celebrated author dame hilary mantel has died at the age of 70. coming up on the bbc news channel, nations league relegation to avoid under world cup to prepare for. a lot for gareth southgate's england to consider against italy tonight.
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good evening. the biggest tax cuts of any budget for half a century have been announced by the chancellor kwasi kwarteng in a massive overhaul of the public finances. kwasi kwarteng announced two big changes to income tax in england, wales and northern ireland from next april. the basic rate will be cut from 20% to i9% on the top rate, currently 45% and paid by those earning over £150,000, is being abolished. there are also changes to stamp duty on in england and northern ireland which will come in immediately. the threshold at which you start to pay on a property is being raised to £250,000 and it will be £425,000 for first—time buyers. 1.25% rise in national insurance introduced in april will be reversed across the uk from november to six. a planned increase
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of 25% in corporation tax, the amount companies pay on their profits, has been scrapped and will remain at 19%. and the cap on bankers bonuses, which limited them to twice the salary level, is also being axed. the chancellor said it was a new approach for a new era, focused on growth but labour called the government desperate gamblers in a casino, chasing a losing run. we'll have analysis and reaction as the pound falls sharply in response, but first a report from chris mason. can we afford these tax cuts? technically, this wasn't even a budget. inside that blue booklet under the chancellor's arm, the biggest tax cuts in 50 years. i now call the chancellor _ biggest tax cuts in 50 years. i now call the chancellor of _ biggest tax cuts in 50 years. i now call the chancellor of the - biggest tax cuts in 50 years. i now call the chancellor of the exchequer to make _ call the chancellor of the exchequer to make a _ call the chancellor of the exchequer to make a statement. _ call the chancellor of the exchequer to make a statement.— call the chancellor of the exchequer to make a statement. kwasi kwarteng told mps it is — to make a statement. kwasi kwarteng told mps it is all— to make a statement. kwasi kwarteng told mps it is all about _ to make a statement. kwasi kwarteng told mps it is all about shoring - to make a statement. kwasi kwarteng told mps it is all about shoring up - told mps it is all about shoring up the economy. told mps it is all about shoring up the economy-—
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told mps it is all about shoring up the economy. told mps it is all about shoring up the econom . , ., , �* the economy. growth isn't as high as it should be- — the economy. growth isn't as high as it should be. this _ the economy. growth isn't as high as it should be. this has _ the economy. growth isn't as high as it should be. this has made - the economy. growth isn't as high as it should be. this has made it - it should be. this has made it harder to pay for public services requiring taxes to rise. we need a new approach for a new era, focused on growth. 0uraim new approach for a new era, focused on growth. our aim over the medium term is to reach a trend rate of growth of 2.5%. term is to reach a trend rate of growth of 2.596.— growth of2.596. so, rises in national— growth of2.596. so, rises in national insurance - growth of2.596. so, rises in national insurance and - growth of 2.596. so, rises in - national insurance and corporation tax are being scrapped and then the big reveal on income tax. right now the highest earners, those on more than £150,000 a year pay 45 p for every £1 over that amount they earn. but not for much longer. they have a big tax cut coming. i’m but not for much longer. they have a big tax cut coming.— big tax cut coming. i'm not going to cut the additional _ big tax cut coming. i'm not going to cut the additional rate _ big tax cut coming. i'm not going to cut the additional rate of _ big tax cut coming. i'm not going to cut the additional rate of tax - cut the additional rate of tax today, i'm going to abolish it altogether, from april the 23rd we will have a single higher rate of income tax of 40%. this will simplify the tax system and make britain more competitive, it will
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reward enterprise and work, incentivise growth, benefit the whole economy and the whole country. and there was more, and income tax cut for everyone in england, wales and northern ireland. i cut for everyone in england, wales and northern ireland.— cut for everyone in england, wales and northern ireland. i can announce toda that and northern ireland. i can announce today that we — and northern ireland. i can announce today that we will _ and northern ireland. i can announce today that we will cut _ and northern ireland. i can announce today that we will cut the _ and northern ireland. i can announce today that we will cut the basic - today that we will cut the basic rate of income tax to 19p in april 2020 three, one year earlier. that means a tax cut for over 31 million people injust eight means a tax cut for over 31 million people in just eight few months�* time. also, an immediate cut in the property buying tax stamp duty in england and northern ireland. but some of the measures announced are not popular, including removing the cap on bankers' bonuses, so why do it? we need global banks to create jobs here, invest here, and pay taxes here in london! in london! not in paris, not in frankfurt, and not in new york. overall, this plan involves the government borrowing a massive amount of money,
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a huge about—turn from recent conservative instincts. rachel reeves! labour pointed out the tories have been in government since 2010. this statement is an admission of 12 years of economic failure, and now here we are, one last throw of the dice, one last claim that these ministers will be different. for all the chopping and changing, all the chaos and confusion, there has been one person there throughout — the prime minister. a new era, but they have been in government for 12 years, it stretches credibility beyond breaking point, saying that tax cuts for the rich, whopping bonuses for bankers and low corporation tax for companies will somehow re—float, magically, britain's sinking economy. will the chancellor explained to my constituents how handing 45 billion of their taxes to the uk's most
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profitable companies in the wealthiest individuals will help them to get a gp appointment when they need it, give their children a better education and make their streets safer? the better education and make their streets safer?— better education and make their streets safer? the prime minister and chancellor _ streets safer? the prime minister and chancellor visited _ streets safer? the prime minister and chancellor visited a _ streets safer? the prime minister and chancellor visited a house - and chancellor visited a house builder this afternoon in a town that may become one of the government's new investment signs for targeted help. iasked government's new investment signs for targeted help. i asked mr kwarteng if he felt he was taking a big gamble. i kwarteng if he felt he was taking a bi ramble. ., �* ~ �*, ., big gamble. i don't think it's a ramble, big gamble. i don't think it's a gamble. what _ big gamble. i don't think it's a gamble, what was _ big gamble. i don't think it's a gamble, what was a _ big gamble. i don't think it's a gamble, what was a gamble l big gamble. i don't think it's a| gamble, what was a gamble in big gamble. i don't think it's a - gamble, what was a gamble in my view was sticking to the course we were on. we had a tax system, taxes up to 70 are high, highest since the late 40s and that was unsustainable. what we had to do is have a reboot, a rethink and what we are doing is pushing growth, incentivising investment and critically helping people on lower incomes keep more of the money they earn. what people on lower incomes keep more of the money they earn.— the money they earn. what does being firmin: to the money they earn. what does being firming to you — the money they earn. what does being firming to you as _ the money they earn. what does being firming to you as chancellor? - the money they earn. what does being firming to you as chancellor? being . firming to you as chancellor? being fair means what _ firming to you as chancellor? being fair means what we _ firming to you as chancellor? being fair means what we did _ firming to you as chancellor? being fair means what we did this - firming to you as chancellor? ea: “i; fair means what we did this morning, when we reduced taxes. if look at what we did with the basic rate,
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originally the basic rate was going to kick in in 2024, i brought that forward to 2023. the energy intervention also has managed to help people face what was potentially a really difficult winter in terms of bills. what you think the economy is in recession? technically the bank of england said there was a recession, i think it will be shallow and i hope it will rebound. �* ., , ., rebound. i'm acknowledging is going to be a recession? _ rebound. i'm acknowledging is going to be a recession? i'm _ rebound. i'm acknowledging is going to be a recession? i'm not— to be a recession? i'm not acknowledging. _ to be a recession? i'm not acknowledging. is - to be a recession? i'm not acknowledging. is a - to be a recession? i'm not- acknowledging. is a recession? i'm not acknowledging. _ acknowledging. is a recession? i'm not acknowledging. you _ acknowledging. is a recession? i'm not acknowledging. you said - acknowledging. is a recession? i'm i not acknowledging. you said shallow. i said we not acknowledging. you said shallow. i said we had — not acknowledging. you said shallow. i said we had two _ not acknowledging. you said shallow. i said we had two quarters _ not acknowledging. you said shallow. i said we had two quarters of- i said we had two quarters of negative growth and i think these measures are going to help us drive growth. i don't think it's bleak, if you look at unemployment that is at a 50 year low and you'll appreciate that. if you look at some of the things we're doing in r&d, science and tech, this is also very positive. there are great things, that's what i said, in my statement, there is a great story about the uk. i'm confident we've got the right policies to steer us and i'm very confident we can grow the economy in my statement, there is a great story
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about the uk. i’m my statement, there is a great story about the uk-_ my statement, there is a great story about the uk— about the uk. i'm confident we've not the about the uk. i'm confident we've got the right _ about the uk. i'm confident we've got the right policies _ about the uk. i'm confident we've got the right policies to _ about the uk. i'm confident we've got the right policies to steer - about the uk. i'm confident we've got the right policies to steer us l got the right policies to steer us and i'm very confident we can grow the economy and the way we want to see. some financial statements that come out of this place, the treasury, can feel inconsequential, easily forgotten. this is not one of them. this is a big move by a new chancellor and a new prime minister with not long to prove that it can work. so, what will the cost of these tax cuts bead to the public purse? 0verall these tax cuts bead to the public purse? overall the government estimates today's changes will require an extra 12 billion of spending this year, 37 billion next year and 38 billion the year after. huge figures, what is their likely impact? faisal islam is here. it is one of the _ impact? faisal islam is here. it is one of the most _ impact? faisal islam is here. it 3 one of the most significant set of budgetary announcements in decades and it's designed as a jump—start to the economy and kwasi kwarteng's plan is massive tax cuts as you've been hearing. national insurance worth 17 billion in a year.
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corporation tax, 12 billion and rising. income tax cuts worth five billion and that higher rate tax and scrapping to billion. that's about 45 billion in tax cuts and on top of all of that, don't forget the household energy scheme. 62 billion for a full year and the business energy scheme, £29 billion, six months more if it's energy scheme, £29 billion, six months more if its extended. so, who benefits? this is the type of analysis the government says it is not very interested in. we split the country into income groups. there is a clear pattern. the assumption from government is that giving the richest section most of this money back will help the economy to grow for everybody. so there are big choices here. let's give it some historical context. let's get all the biggest tax cutting budgets,
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you'll note there's none on here and look at where today's announcement fits in. the biggest cut since 1972, which independent economists do see some echoes but upfront this will help avoid a deep recession. but what then? it’s help avoid a deep recession. but what then?— help avoid a deep recession. but what then? �* , , ., ., ., what then? it's designed to have a boost in activity _ what then? it's designed to have a boost in activity in _ what then? it's designed to have a boost in activity in the _ what then? it's designed to have a boost in activity in the economy, l boost in activity in the economy, thals— boost in activity in the economy, that's the — boost in activity in the economy, that's the good news. the bad news is all about— that's the good news. the bad news is all about demand, it's not about supply, _ is all about demand, it's not about supply. it's— is all about demand, it's not about supply, it's not about bringing about— supply, it's not about bringing about a — supply, it's not about bringing about a long—running improvement in our prosperity. what it's doing is really— our prosperity. what it's doing is really bringing about an artificial boom _ really bringing about an artificial boom in— really bringing about an artificial boom in the economy. and the bank of england _ boom in the economy. and the bank of england is— boom in the economy. and the bank of england is going to respond to that with higher interest rates. in the absence of— with higher interest rates. in the absence of official _ with higher interest rates. in the absence of official forecasts, - with higher interest rates. in the absence of official forecasts, the markets have had their own verdict. as you've seen, some of the biggest one day hikes in the cost of government borrowing since 1991.
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this is the cost effectively of a five year loan to government now up above 4%. this makes it more expensive to borrow all that money for government and it makes new fixed—rate mortgages and business lending pricier. sterling has also fallen by 3% against the dollar following the announcement. it’s following the announcement. it's very unprecedented to see this kind of market— very unprecedented to see this kind of market reaction with the currency falling _ of market reaction with the currency falling roughly 3% against the dollar — falling roughly 3% against the dollar and uk borrowing costs increasing exponentially, so by about — increasing exponentially, so by about 0.5% in the course of one day. that underlines that international investors — that underlines that international investors have listened to the government and don't necessarily like it _ government and don't necessarily like it. ., ., ., like it. for the government, the tax cuts are a down _ like it. for the government, the tax cuts are a down payment _ like it. for the government, the tax cuts are a down payment on - like it. for the government, the tax cuts are a down payment on a - like it. for the government, the tax cuts are a down payment on a planl cuts are a down payment on a plan they hope will increase long—term growth but they are not yet the whole plan. at the economic reforms and policies to address worker shortages or skills might start to help meet its growth target. the risk, however, is that the boost to the economy is temporary and high
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interest rates and borrowing stays high for years. interest rates and borrowing stays high for years-— high for years. thank you. well, until today _ high for years. thank you. well, until today the _ high for years. thank you. well, until today the government's - until today the government's economic focus had been on levelling up, that is creating more wealth and opportunity and less prosperous areas, particularly in the north. so, what reaction has today's announcements been getting? 0ur correspondence is in bolton and we canjoin her now. correspondence is in bolton and we can join her now-— can join her now. when you look at bolton and — can join her now. when you look at bolton and the _ can join her now. when you look at bolton and the statistics, - can join her now. when you look at bolton and the statistics, it's - can join her now. when you look at bolton and the statistics, it's the i bolton and the statistics, it's the kind of place you think needs to level up, weekly wages are below the national average here and unemployment is above it. i've been talking to the working folk of the town, from those just starting out town, from those just starting out to those nearing retirement, to find out what they think of the package of measures which have been announced today.— of measures which have been announced today. of measures which have been announced toda . , , , ., announced today. these pasties have been baked in — announced today. these pasties have been baked in bolton _ announced today. these pasties have been baked in bolton since _ announced today. these pasties have been baked in bolton since the - announced today. these pasties have been baked in bolton since the 30s, | been baked in bolton since the 30s, the company has seen good times and tough. right now it's
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the company has seen good times and tough. right now its staff are grappling with the cost of living crisis. it's not all doom and gloom. it's at three bed semidetached with a big garden. fist it's at three bed semidetached with a big garden-— it's at three bed semidetached with abiu garden. . ,. . ,., a big garden. at stairs and customer services, a big garden. at stairs and customer services. and — a big garden. at stairs and customer services. and is _ a big garden. at stairs and customer services, and is about _ a big garden. at stairs and customer services, and is about to _ a big garden. at stairs and customer services, and is about to move - a big garden. at stairs and customer| services, and is about to move house and today's announcement has given her recent to be cheerful. 50. and today's announcement has given her recent to be cheerful.— her recent to be cheerful. so, i'm not auoin her recent to be cheerful. so, i'm not going to _ her recent to be cheerful. so, i'm not going to pay _ her recent to be cheerful. so, i'm not going to pay stamp _ her recent to be cheerful. so, i'm not going to pay stamp duty. - her recent to be cheerful. so, i'm l not going to pay stamp duty. that's good. not going to pay stamp duty. that's aood. ., ., ., , not going to pay stamp duty. that's iood, ., ., ., , , good. you would have been paying it? is about good. you would have been paying it? is about £1400 — good. you would have been paying it? is about £1400 |'u — good. you would have been paying it? is about £1400 m be _ good. you would have been paying it? is about £1400 i'll be saving, - is about £1400 i'll be saving, roughly. so that's good, especially when we haven't inherited any furniture or things. in when we haven't inherited any furniture or things.— when we haven't inherited any furniture or things. in the town centre not _ furniture or things. in the town centre not everyone _ furniture or things. in the town centre not everyone is - furniture or things. in the town centre not everyone is as - furniture or things. in the town . centre not everyone is as positive. this sign teacher amanda will benefit from reductions in national insurance and income tax but she feels it's the very highest earners who will come off best, with a bigger relative drop in taxation. it doesn't seem fair, when you've got us who are hard—working, normal, middle—of—the—road people who are
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getting this 1% but those who are earning a lot of money who are getting a 5% cut. why aren't i getting a 5% cut. why aren't i getting a 5% cut. why aren't i getting a 5% cut too? getting a 596 cut. why aren't i getting a 596 cut too?- getting a 596 cut. why aren't i getting a 596 cut too? at the bakery it's lunchtime _ getting a 596 cut too? at the bakery it's lunchtime and _ getting a 596 cut too? at the bakery it's lunchtime and they _ getting a 596 cut too? at the bakery it's lunchtime and they are - getting a 596 cut too? at the bakery | it's lunchtime and they are queueing out of the door. the chancellor has hailed this new era for the uk economy, with the biggest package of tax cuts in half a century. peter worthington has worked here for nearly 40 years. he feels he's been here before. nearly 40 years. he feels he's been here before-— here before. where are they borrowing — here before. where are they borrowing it _ here before. where are they borrowing it from? - here before. where are they borrowing it from? they've l here before. where are they i borrowing it from? they've got here before. where are they - borrowing it from? they've got to pay it back. so, again, it's the working class but end up paying for all that, really. so, we are going to feel that squeeze i think over long term. they are still digesting the changes here. the government will be hoping its overall package goes down well and that its minute —— mac mini budget makes maximum impact. in a series of bold announcements today, one of the most controversial
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is the scrapping of tax on bankers' bonuses. kwasi kwarteng claimed the move would waver in the uk as a leading financial centre and that the cap had led to higher basic salaries, but labour said the plans simply reward those who are already wealthy. simonjack has been to the city to gauge reaction. attracting big money to invest in the uk was at the heart of today's package for business. getting more companies and their workers to locate, earn, spend and pay tax here is the government's way out of this crisis. tax cuts for workers, tax breaks for investment, and business leaders welcomed a focus on growth. i think this was the day that the stakes got higher. they got higher in terms of borrowing because of the energy package on they got higher in terms of growth, standout measures, plenty of headlines, and underline them as a signal as is this government is going to be pro—investment, progrowth and pro—business. that will be welcome by companies across the country.
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scrapping an eu wide cap on bankers' bonuses is controversial and perhaps not top of the list of many people's brexit benefits but it is an industry that pays over 10% of all taxes in the uk. industry that pays over 1096 of all taxes in the uk.— industry that pays over1096 of all taxes in the uk.— industry that pays over 1096 of all taxes in the uk. like it or not, the financial service _ taxes in the uk. like it or not, the financial service injury _ taxes in the uk. like it or not, the financial service injury is _ taxes in the uk. like it or not, the financial service injury is a - taxes in the uk. like it or not, the financial service injury is a huge i financial service injury is a huge part of the uk economy. the global financial service industry is dominated by new york, and new york has been exerting a stronger and stronger grip on the industry over the past few years. anything that the past few years. anything that the city can do that the government can do to help the city regain some of that market share is going to benefit in the end our economy would stop the pledge to business is big and pretty simple. if you invest here with your domestic or international business, you will pay less tax. ., ., ,, ., ., less tax. you will take home more .a l less tax. you will take home more -a , ou less tax. you will take home more pay. you will— less tax. you will take home more pay. you will face _ less tax. you will take home more pay, you will face lighter- pay, you will face lighter regulation. the question is, is that a sufficiently attractive package after a decade of low business
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investment? the government once a swift resolution to disruptive pay disputes and said it will require unions to put pay offers to a member of out to ensure strikes can only be called once negotiations have broken down. union leaders said today that tax cuts in pay rises for high earners will do little to ease industrial tension. fin earners will do little to ease industrial tension.— earners will do little to ease industrial tension. on what planet do the prime _ industrial tension. on what planet do the prime minister _ industrial tension. on what planet do the prime minister and - industrial tension. on what planet i do the prime minister and chancellor think it is ok to lift the cap on bankers' bonuses and to catch the real pay of nurses? this is a budget thatis real pay of nurses? this is a budget that is a reverse robin hood, it is about redistribution for sure but it's about redistributing from everybody else to the rich and the wealthy corporations. ih everybody else to the rich and the wealthy corporations.— wealthy corporations. in all, this was a major _ wealthy corporations. in all, this was a major department - wealthy corporations. in all, this was a major department from i wealthy corporations. in all, this - was a major department from previous government policy and it will need businesses to take heart, not fight, if it is to succeed. so with £45 billion of tax cuts announced today, the biggest slash since the 19705, what does it mean for those earning below the national living wage and struggling to get
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by? our living wage and struggling to get by? 0ursocialaffairs living wage and struggling to get by? our social affairs correspondent michael buchanan from leeds. shortly after the chancellor's statement by a church in leeds, a crowd gathered to collect free food. if the government is to choose there was a palpable sense here that ministers had chosen not to help these families.— ministers had chosen not to help these families. about to make the big announcements _ these families. about to make the big announcements and _ these families. about to make the big announcements and laws - these families. about to make the big announcements and laws that| big announcements and laws that affect millions of people, they have no idea what all of these families, our neighbours are living through on a daily basis. it feels like inequality is actually getting worse and not better.— and not better. parts of leeds have some of the — and not better. parts of leeds have some of the highest _ and not better. parts of leeds have some of the highest levels - and not better. parts of leeds have some of the highest levels of- some of the highest levels of poverty in england. we some of the highest levels of poverty in england.— poverty in england. we are struggling _ poverty in england. we are struggling and _ poverty in england. we are struggling and it's - poverty in england. we are struggling and it's not - poverty in england. we are struggling and it's not fair. | poverty in england. we are - struggling and it's not fair. why should — struggling and it's not fair. why should the rich get richer and the poor— should the rich get richer and the poor get— should the rich get richer and the poor get poorer?— should the rich get richer and the poor get poorer? chrissie thornton runs a small _ poor get poorer? chrissie thornton runs a small charity. _ poor get poorer? chrissie thornton runs a small charity. we _ poor get poorer? chrissie thornton runs a small charity. we went - poor get poorer? chrissie thornton | runs a small charity. we went round the whole estate _ runs a small charity. we went round the whole estate to _ runs a small charity. we went round the whole estate to deliver- the whole estate to deliver christmas presents to the children.
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she has— christmas presents to the children. she has custody of her two grandchildren, her 11—year—old grandson dominic is of disabilities, struggles to get by on benefits and chrissie says the chancellor didn't make life easier.— chrissie says the chancellor didn't make life easier. i am having do not do my washing _ make life easier. i am having do not do my washing once _ make life easier. i am having do not do my washing once a _ make life easier. i am having do not do my washing once a week- make life easier. i am having do not| do my washing once a week because make life easier. i am having do not i do my washing once a week because i can't afford _ do my washing once a week because i can't afford the electra. the price of food _ can't afford the electra. the price of food is — can't afford the electra. the price of food is going sky high. you can find what — of food is going sky high. you can find what you want when you go shopping — find what you want when you go shopping and when you do find it, it has gone _ shopping and when you do find it, it has gone up. for shopping and when you do find it, it has gone up-— has gone up. for many low income families, has gone up. for many low income families. the _ has gone up. for many low income families, the £2500 _ has gone up. for many low income families, the £2500 energy - has gone up. for many low income families, the £2500 energy price l has gone up. for many low income l families, the £2500 energy price cap still does not make bills affordable. at this food pantry, in —— they now have to waive the fee as people can't afford it. i’m -- they now have to waive the fee as people can't afford it.— people can't afford it. i'm down to m last people can't afford it. i'm down to my last £5 — people can't afford it. i'm down to my last £5 in _ people can't afford it. i'm down to my last £5 in my _ people can't afford it. i'm down to my last £5 in my bank _ people can't afford it. i'm down to my last £5 in my bank account - people can't afford it. i'm down to| my last £5 in my bank account and people can't afford it. i'm down to i my last £5 in my bank account and i don't get paid again until the first. ~ , ., ., don't get paid again until the first. ~ , . ., , . first. 65-year-old diane has received _ first. 65-year-old diane has received food _ first. 65-year-old diane has received food from - first. 65-year-old diane has received food from the - first. 65-year-old diane has. received food from the pantry, first. 65-year-old diane has- received food from the pantry, she is currently looking for a job doesn't think the changes today will make a difference. thea;r doesn't think the changes today will make a difference.— doesn't think the changes today will make a difference. they are not much hel to make a difference. they are not much help to somebody _ make a difference. they are not much help to somebody who _ make a difference. they are not much help to somebody who is _ make a difference. they are not much help to somebody who is not - make a difference. they are not much j help to somebody who is not working. and despite your best efforts, you're not working?—
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and despite your best efforts, you're not working? despite my best efforts in apply _ you're not working? despite my best efforts in apply for — you're not working? despite my best efforts in apply forjobs, _ you're not working? despite my best efforts in apply forjobs, i'm - you're not working? despite my best efforts in apply forjobs, i'm not - efforts in apply forjobs, i'm not getting them. in efforts in apply for “obs, i'm not getting them._ efforts in apply for “obs, i'm not ttettin them. ., .,, .,, getting them. in some areas, washing lines are making _ getting them. in some areas, washing lines are making a _ getting them. in some areas, washing lines are making a comeback- getting them. in some areas, washing lines are making a comeback as - lines are making a comeback as tumble dryers are switched off to save money. cafe manager paul has made that switch. we asked to check if the chancellor had made her richer. , ~' �* if the chancellor had made her richer. , ,, �* ., ., richer. this looks like i'm going to be about £100 — richer. this looks like i'm going to be about £100 a _ richer. this looks like i'm going to be about £100 a year _ richer. this looks like i'm going to be about £100 a year better- richer. this looks like i'm going to be about £100 a year better off. l richer. this looks like i'm going to i be about £100 a year better off. but my mortgage has already gone up before _ my mortgage has already gone up before yesterday, £100 a month. and it's going _ before yesterday, £100 a month. and it's going to _ before yesterday, £100 a month. and it's going to go up again so i'm not going— it's going to go up again so i'm not going to— it's going to go up again so i'm not going to be— it's going to go up again so i'm not going to be any better off. the government _ going to be any better off. iie: government believe going to be any better off. ii2 government believe the changes will eventually benefit the entire country. few anti—poverty campaigners share the optimism. well, the plans announced by the chancellor will of course have a different impact on each nation of the uk. we will hear more from wales corresponded howell griffith in a moment and also what it to people in northern ireland with emma vardy. a first as fulton corresponded
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alexandra mackenzie with her assessment. 0ne assessment. one of the announcements will impact people in scotland, such as the reversal in the national insurance increase, and the whisky industry will look an end to planned reforms of alcohol duty. but much does not apply to scotland. that includes stamp duty, home buyers here by the scottish equivalent. and the reduction in income tax, that doesn't apply in scotland either. at holyrood, that is likely to mean an increase in the block grant from the treasury. the scottish government could decide to lower income tax, but nicola sturgeon the first minister has said today's announcements are likely to benefit the wealthiest the most. most of the changes will apply in wales but only a tiny minority of people will benefit from scrapping the highest additional tax rate and so many —— on 9000 people in wales earn enough money to be in that
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price bracket. stamp duty changes will not apply here at all because in wales it is a land transaction tax controlled by the welsh government with no tax to pay on properties under £180,000. ministers hear what —— ministers will take the time to make the calculations and whether they want to change about the first minister has already described the changes as tax cuts for the rich but no meaningful help for the rich but no meaningful help for people who need it most. plaid cymru agree, accusing the chancellor of engaging and fun to see trickle—down economics. the welsh conservatives, the largest opposition party here, say wales needs more policy like this rather than planning to introduce a tourism tax. that stamp duty cut which will not apply in scotland and wales will apply in scotland and wales will apply here in northern ireland. because house prices tend to be a bit lower here, it means many buyers in northern ireland will be able to take advantage of those savings. the income tax cut also applies here too. although scrapping top rate of
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tax only affects relatively few people here in northern ireland, there are not so many people here who fit into that top earning bracket. there is one sticking point, though, and everything today, thatis point, though, and everything today, that is because some of the chancellor's plans would have involved the northern ireland assembly, and power sharing here still isn't functioning, still being blocked by the dup over their opposition to the current brexit arrangements. 0ur ireland corresponded emma vardy ending that report. chris mason is in westminster for us. chris, ending that report. chris mason is in westminsterfor us. chris, give us your assessment as to how much of a gamble the government smack plans are. , , ., a gamble the government smack plans are, , , ., ., , a gamble the government smack plans are. , ., , , a gamble the government smack plans are. , are. this is a gamble because it is are. this is a gamble because it is a bi, are. this is a gamble because it is a big. massive — are. this is a gamble because it is a big, massive leap _ are. this is a gamble because it is a big, massive leap in _ are. this is a gamble because it is a big, massive leap in a _ are. this is a gamble because it is a big, massive leap in a new- a big, massive leap in a new direction, the wholesale shredding of economic strategy, notjust over the last 12 years of conservative government but before that during labour governments too so that is why it is a gamble. those in government say, though, it is worthwhile because the alternative would be worse. they point to
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sluggish growth, they look at the prospect of recession, the chancellor telling me he thinks a recession is perhaps around the corner, given what the bank of england have said this week, they said will be confirmed very soon. therefore there has to be some turbo—charging of the economy to haul as out of that potential blackspot, and make us fit for the future. but the gamble is run without the strategy can work and whether the techniques to make it work will be popular. and there is a downside of potential downsides, look at the markets today, the falling value of the pound, the increased cost of government borrowing. in direct reaction to what we saw in the house of commons earlier. so there is clearly a big judgment call being made here, they hopein judgment call being made here, they hope in government that it will pay off, but they can't be certain. chris, thank you. chris mason. and you can of course get plenty more information on today's economic announcement including what it means for you on bbc news 0nline. and also
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by using the bbc news app. let's take a look now at some of the other stories making the news today. voting has begun in four regions of ukraine that have been seized and occupied by russian forces in so—called independence referendum is. people in luhansk, donetsk, as a kherson have been told to vote on proposals for the regions to leave ukraine and become part of russia. ukraine and become part of russia. ukraine and become part of russia. ukraine and its allies including the uk have denounced the referendums as a sham staged by president putin to justify the annexation of ukrainian territory. meta, which owns instagram, has defended its policy is at the inquest of molly russell, 14—year—old girl who took around life after viewing content referring to self—harm, depression or suicide on the platform. the head of health and well—being at meta said suicide and well—being at meta said suicide and self—harm material could have been boosted by a user is a cry for
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help. the 2010 grand slam winner roger federer will play his last professional tennis match tonight before retiring. he will be paired with his enduring rival, rafael nadal, for team europe at the labour club in london. federer announced his retirement last week. now, the celebrated author dame hilary mantel, whether regarded as one of the greatest petition of lists of the century, has died at the age of 70. she was present for her trilogy of historical novels about the rise and fall of thomas cromwell in tudor england which began with wolf hall. her publisher harpercollins said she died suddenly yet peacefully, surrounded by close family and friends. our culture editor looks back at her life. thomas cromwell is now 50 years old. the same small, quick eyes, the same thickset imperturbable body.
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cromwell. why are you such a... person? — cromwell. why are you such a... person? thomas cromwell and hilary mantel will be forever entwined. her trilogy about the life of henry viii's fixer became a bafta winning tv series, vivid novels world of intrigue and violence at the readers could feel and taste. she won the booker prize twice for wolf hall and bring out the bodies, the first woman to do so. she had been writing historical and contemporary fiction for years be fine —— before she found popular acclaim. i for years be fine -- before she found popular acclaim. i hesitated for such a long — found popular acclaim. i hesitated for such a long time _ found popular acclaim. i hesitated for such a long time before - for such a long time before beginning to write this book. actually for about 20 years. the oun actually for about 20 years. the young hilary _ actually for about 20 years. the young hilary mantel had wanted to be a barrister but her lack of connections and the endometriosis she struggled with all her life saw her return to writing instead. the law's loss was humanity's gain. anywhere she chose to write about, anytime, _ anywhere she chose to write about, anytime, any character, was the best that anybody could have done. she's
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a classic— that anybody could have done. she's a classic in— that anybody could have done. she's a classic in the footsteps of dickens— a classic in the footsteps of dickens and mrs gaskell and george eliot _ dickens and mrs gaskell and george eliot, but— dickens and mrs gaskell and george eliot, but she was writing in our time _ eliot, but she was writing in our time she — eliot, but she was writing in our time. she really is that important. recognition of those searing talent brought her a dame hood for services to literature. she talked in recent years of her hopes in the future. there is so much i want to do. and it'sjust a question there is so much i want to do. and it's just a question of, there is so much i want to do. and it'sjust a question of, you know, how much stamina have i got, what time have i got left? dame hilary mantel died from a stroke in a hospital in exeter with herfamily beside her. her family beside her. the herfamily beside her. the author dame hilary mantel, who has died at the age of 70. time for a look at the weather with thomas shiff and acko. it is the first day of autumn with mike ——? day and night equally long and there is a distinct chill in the air. today not looking to buy, we have
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centring insurers, it will not be too cold but in the coming days we really will feel that cold wind blowing from the north. let's have a look at the forecast for tonight. it has been quite wet across the south—east, and during the course of the day, it's a front that has stalled across this part of the country and it will remain wet here into tomorrow morning but for many of us, think tomorrow right from the word go, it is sunshine, occasional showers here and there, they will be developing across parts of england and wales. not too many of them across scotland and northern ireland. at temperatures 14 in aberdeen, not very high, 14 in newcastle, may be touching 18 in the south and the south—east. 0n newcastle, may be touching 18 in the south and the south—east. on sunday, the weather is looking pretty good across most of the country especially eastern and southern areas of the uk but here we are approaching a weather front is approaching a weather front is approaching us a cold front, behind it that's when we start to see that colder air arriving. it that's when we start to see that colderairarriving. so it that's when we start to see that colder air arriving. so yes, we will be talking about autumn chills in the coming days, there will be a brisk wind particularly in the north and if we have a look at the
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