— think these measures will be enacted | on non-dom is?_ and on non-dom is? from april2025.m is? from april2025. and given the. and — on non-dom is? from april2025. and given the. and i— on non-dom is? from april2025. and given the, and i suspect _ on non-dom is? from april2025. and given the, and i suspect given - on non-dom is? from april2025. and given the, and i suspect given a - given the, and i suspect given a liking for tax implication should we not have an office for tax simplification?— not have an office for tax simplification? not have an office for tax simlification? ~ ., ., ~' simplification? well... look, i think, you _ simplification? well... look, i think, you know, _ simplification? well... look, i think, you know, that - simplification? well... look, i think, you know, that proof i simplification? well... look, i think, you know, that proof of simplification? well... look, i- think, you know, that proof of the pudding is in the eating and i think i have simplified taxes in every fiscal event that i've done and... you might not be there forever, chanceiion _

>> good morning, dom. is a debate. we have the bull and bears coming up. although, i would say there are folks out there like brookfield with exposure to the market. they have some weight. where do you stand on this? how good or bad is the commercial real estate market right now? >> you called out two of our institutions we do business wih all the time. the book is being judged by its cover. office space is one reality. within office space,lower quality assets is one story. the rest of the office market is another story. the total exposure to the office loans which equal 3.5%. the coverage on the risk side of commercial real estate is so broad that it is creating the overall negative impression. you look at mulmultifamily properties. they are operating well. solid fundamentals. self storage and hospitality and shopping centers have staged a great recovery or have had really good supply and demand conditions. it is the concentration of older office buildings because of the hybrid work environment that is un

>> a bits of a rorschach test, dom. you can separate the numbers into those numbers that argued for the fed to cut sooner, and then for them to not cut or cut a little later. 167,000 of downward revisions, that spoke of slack in the labor market. moderating wage growth, and higher unemployment rate up 0.2. a lot of that could turn around and be the exact opposite. annual wage growth north of 4%, the unemployment rate still below 4%, so i think the fed looks at this data and says, you know what? i'm not making any calls on this data, especially because you have this big gap. i think they wait for all of this to shake off before making up their mind and do anything else. >> diane, that's the read. that's generally what i've heard from a lot of economists out there. is this the way that the fed is looking at this data ahead of key inflation data next week? >> well, the inflation data will be important, but there's a big threshold to have the fed change its sort of game plan in terms of a june rate cut and three rate cuts f

non-dom tax loophole? exactly. i resisted doing - the uk. non-dom tax loophole? | exactly.he chance of therefore just a few weeks that comment. and i was very concerned about the potential risks to investment in the uk, which i think is the single biggest thing that we need to sort out of going grow the economy. but i did look into the issue because i don't think there is anyjustification as to why anyone should pay a cheque and not paid the same tax as everyone into it, i had detailed discussions of experts in the field and i think i have come up with a programme that will not be damaging to uk competitiveness and investment in the economy and that is why... grieve on the november 2022? i was grieve on the november 2022? i was not wron: grieve on the november 2022? i was not wrong because _ grieve on the november 2022? i was not wrong because i _ grieve on the november 2022? i was not wrong because i said _ grieve on the november 2022? inert not wrong because i said then, as you quoted at me, i was not prepared to do anything which was damaging... which was about closing a

dom?icker with the latest on nycb thank you very much for that. >>> let's get the trade on wholesale hardware and high priority documents. we're tackling today's earnings exchange and joining me victoria green g squared private wealth investment officer and cnbc contributor. we'll start off with costco on paste of its eighth positive week. baird expecting accelerating discretionary numbers thanks to tight inventory management. victoria, would you buy this one? >> i do. i know costco has been on a tear lately, but they're one of my favorite stocks in the sector and on the heels of the great kroger results this morning we feel they will have continued supply chain easing continuing to boost their free cash flow as well as the revenues and sales. we know their foot traffic and their sales are up in december and january from release numbers they've given us, and we think we've seen big ticket items start to move beyond just the increase in sundries. i think this stock has room to run. always t

dom's all set, at least for another month. set, at least for another month. mark strassmann, bs new - it's so fun to watch jessica in this space. - this is a look at those clouds right now in real-time, but let's head underneath this cloud layer and take a look at our rainfall... - [narrator] the virtual view studio, part of "morning edition." weekday mornings starting at 5 on kpix. >>> finally in tonight's heart of america, meet 29-year-old cole brauer from long island, new york. [ applause ] she just became the first american woman to sail solo nonstop around the world. early this morning, brauer arrived in spain, completing one of the most extreme and difficult sporting events on earth, the global solo challenge. less than 200 people have ever managed to finish it, but that didn't deter brauer. despite suffering bruised ribs when a massive wave slammed her boat and severe dehydration that required an iv, she continued on. after 30,000 miles and more than four months alone on the high seas, brauer is back on dry land where s

>> dom, you're a reporter, you have two smart guys making good points on this, and you end up in the middle here on this i think -- i like peter's point, which is something i've been talking about for a bit, which is if it ain't broken, how much fixing should the fed do to the funds rate right now i don't know that i see all the fragility that mark sees we may have had a bout of economic weakness in january that might have been more weather related and one-offs than we had actual gathering weakness in the economy. and i also think that the fed's litmus test for cutting rates is not that heavy right now we talked about that a second ago. the idea they want a bit more evidence i think they're going to cut, but i think they're going to cut modestly and see how things go i do think the bigger issue here begins whether or not the fed can do the monetary policy walk and do the regulatory chewing gum at the same time by that, i mean can they work with the banks, and i mean the treasury and the federal reserve both and other bank regulators, to get them to shore up their balance sheets and m

their way in the uk -- — sure that non—dom is paid their way in the uk. —— non—dom.k conservative chancellor now announcing it. i think it really showed — announcing it. i think it really showed that it is the labour party that are _ showed that it is the labour party that are coming forward with some of those _ that are coming forward with some of those ideas. — that are coming forward with some of those ideas, and i thinkjustin is right, _ those ideas, and i thinkjustin is right, the — those ideas, and i thinkjustin is right, the big idea that the conservatives had was levelling up, it was _ conservatives had was levelling up, it was about investing in the economy _ it was about investing in the economy. we just did not see any of that today — economy. we just did not see any of that today. we did not see a plan for growth — that today. we did not see a plan for growth. i don't think it is going — for growth. i don't think it is going to _ for growth. i don't think it is going to be a game changer for voters. — going to be a game changer for voters, but supposedly,

>> this is a big one, dom.n's basketball team voting 13-2 in favor of unionizing. so this is the first time in ncaa division i history that a vote like this has been passed. a big step in a case that could wind up killing the ncaa's amateurism model and it's likely, of course, other schools are watching and will follow suit as players are looking to get a piece of the ncaa's billion dollar pie. in a statement, dartmouth maintained that classifying these students as employees is unprecedented and inaccurate. this will have big implications going forward for college athletes and will be very closely watched. >> kate rogers, thank you for both of those stories. we appreciate it. >>> we'll go back to the restaurant side of things. shares of breakfast lunch first watch are down. a revenue beat companying projecting flat to negative traffic growth but also planning to open more than 50 new locations later on throughout the year. joining me now is first watch president and ceo chris for more on that story. chris, than

you could look at the non-dom issue in that light.aste and public services is probably another. the truth is these amounts in the grand scheme of things are pretty tiny. the elephant in the room is the debt. neither side seems to be engaging with how we will tackle that. john: exactly right. there are some big numbers knocking around. this has been a very big tax-raising parliament. the changes we have seen today are small compared to the big increases we have seen over the last few years. debt interest spending is pretty much at record levels. the national debt is at its highest level since the early 1960's. when you compare the money that you get from non-dom money, taxing private schools and so on with the scale of those issues, not to mention the issues of demographic change, aging population, spending on health and pensions and so on, they are small numbers. the reality is whoever is chancellor after the next election, they will have some very big decisions to make about whether they will really implement these spending cuts, or

dom's all set. at least for another month.f america" is next with an american woman who is setting records on the high seas. ♪ ♪ >> announcer: this portion of the "cbs evening news" is sponsored by fresh pet. it's not dog food. it's food food. if you have chronic kidney disease you can reduce the risk of kidney failure with farxiga. because there are places you'd rather be. farxiga can cause serious side effects, including ketoacidosis that may be fatal, dehydration, urinary tract, or genital yeast infections, and low blood sugar. a rare, life-threatening bacterial infection in the skin of the perineum could occur. stop taking farxiga and call your doctor right away if you have symptoms of this infection, an allergic reaction, or ketoacidosis. ♪ far-xi-ga ♪ wanna know how i get this glow?! i get ready with new olay indulgent moisture body wash. it smells amazing and gives my skin over the top moisture! from dull to visibly glowing in 14 days! ♪♪ see the difference with olay. zyrtec allergy relief works fast and lasts a full 24

non—dom's, people who live in — the taxation of non—dom's, people who live in the uk but don't pay taxut don't pay tax on the overseas earnings, plus spending — on the overseas earnings, plus spending government money to cut national— spending government money to cut national insurance because that is how tax— national insurance because that is how tax cuts work. that makes the black— how tax cuts work. that makes the black hole — how tax cuts work. that makes the black hole for labour slightly higgeh _ black hole for labour slightly bigger. what is your back of the envelope — bigger. what is your back of the envelope calculation of how far down they are? _ envelope calculation of how far down they are? it— envelope calculation of how far down the are? , ., , ., envelope calculation of how far down the are? _, , ., , ., they are? it is a couple of billion -ounds they are? it is a couple of billion pounds because _ they are? it is a couple of billion pounds because the _ they are? it is a couple of billion pounds because the non-dom i they are? it is a couple of billionl pounds because

their plan was to just l abolish the non-dom regime which abolish the non—dom regime which would havelaced by a residency regime. it's a fundamental difference.— regime. it's a fundamental difference. . ,, ., . ,, ., difference. thank you for talking to newsniaht. difference. thank you for talking to newsnight. thank— difference. thank you for talking to newsnight. thank youism - difference. thank you for talking to newsnight. thank youism to - difference. thank you for talking to newsnight. thank youism to that i thank you for talking to newsnight. thank youism to that labour's campaign chief is pat mcfadden. i asked him why labour was supporting today's tax cuts, when that implies big spending cuts in some areas after the election. well, you say tax cuts but the tax burden is actually increasing for people, because you can'tjust think about the measures that have been announced today, but the measures in recent years, and when you put all of those together, you're still on a trajectory for the highest tax burden in living memory, and for a typical household, increasing of about £900

your non—dom tax idea?burden is still going up at the highest level ever. >> business investment, the lowest in the g7. >> living standards going backwards . i >> living standards going backwards. i mean, >> living standards going backwards . i mean, that >> living standards going backwards. i mean, that is >> living standards going backwards . i mean, that is the backwards. i mean, that is the test people will apply to backwards. i mean, that is the tesyou're people will apply to backwards. i mean, that is the tesyou're fair)le will apply to backwards. i mean, that is the tesyou're fair to will apply to backwards. i mean, that is the tesyou're fair to say, apply to backwards. i mean, that is the tesyou're fair to say, yes, .y to it. you're fair to say, yes, we've been robbed a little bit of of our policies. look of some of our policies. look that happen when you're that that can happen when you're winning and winning the argument and everything a lot conservative everything a lot of conservative mps said t

non—dom tax status abolished.wth this year. against the backdrop of recession. the debt for cast of 94.3% by 28/28. borrowing is to fall to 1.2% by 2028/29. again these are the forecasts from the obr. and that brings us to the end of the the main budget measures. we are going to newcastle and luke walton is there to find out what they made ofjupt�*s statement. —— jeremy hunt's statement. welcome back to the piper and piano bar in newcastle. nick kemp leads newcastle city council. what was your reaction to the budget? i city council. what was your reaction to the budget?— to the budget? i think the last throw of the _ to the budget? i think the last throw of the dice _ to the budget? i think the last throw of the dice at _ to the budget? i think the last throw of the dice at the - to the budget? i think the last throw of the dice at the casino j to the budget? | think the last. throw of the dice at the casino by to the budget? | think the last - throw of the dice at the casino by a broken government. very little th

the current tax system for non-doms. the chancellor current tax system for non—doms.ystem for non-doms. the chancellor stealing a labour idea. i. chancellor stealing a labour idea. i aim to please all sides of the house and all of my budgets. 5ir aim to please all sides of the house and all of my budgets.— and all of my budgets. sir keir starmer. what _ and all of my budgets. sir keir starmer. what from _ and all of my budgets. sir keir starmer. what from labour . and all of my budgets. sir keirl starmer. what from labour who and all of my budgets. sir keir - starmer. what from labour who hoped to deliver their _ starmer. what from labour who hoped to deliver their own _ starmer. what from labour who hoped to deliver their own budget _ starmer. what from labour who hoped to deliver their own budget within - starmer. what from labour who hoped to deliver their own budget within a i to deliver their own budget within a matter of months. the to deliver their own budget within a matter of months.— to deliver their own budget within a matter of months. the last desperate a

i thought she said that dom had been killed.i got off the phone with her and i called john, and he said they found jess dead, and it was unreal. you couldn't believe that. >> reporter: laura's friendship with jessica had drifted a bit after high school, but by 2015, it was a little unusual. laura and jessica both had babies with john. laura, they didn't at first, but it was after she broke up with john that her son, christopher was born. and that was not long before jessica got pregnant. >> i found out when i was six months pregnant with our son that him and jessica had been dating or just started dating. >> reporter: two women, two children, one man. >> i wanted to be mad at her and i couldn't because she was just too nice. >> reporter: any way pretty soon john was no longer in the picture for either of them. and then as single mothers, laura and jessica reconnected, so their sons, half brothers, could bond. >> our kids met each other and they got to play together. >> reporter: and now her friend was dead. and the father of bot

the non—dom rise in council tax.olicies . average house prices policies. average house prices rose by 0.4% last month, the fifth monthly increase in a row. halifax found property prices grew by 1.7% on an annual basis , grew by 1.7% on an annual basis, compared with 2.3% the previous month. the average british home now costs just under £292,000. a missile attack killed three sailors on a red sea merchant ship yesterday, the first fatalities since the houthis began targeting commercial shipping. the rebel group, who are backed by iran, claimed responsibility . the foreign responsibility. the foreign secretary, lord cameron, says he's appalled by the deaths of the sailors, calling it a reckless and indiscriminate attack. britain and the united states are continuing retaliatory strikes against the houthis . nationwide retaliatory strikes against the houthis. nationwide building society has reached an agreement to buy virgin money in a deal worth £2.9 billion. the planned takeover aims to create a combined lender worth m

nigel non—doms. now now, now.spect the labour party got the idea from . but i party got the idea from. but i too have always believed that provided we protect the uk's attractiveness to international investors, those with the broadest shoulders should pay their fair share . after looking their fair share. after looking at the issue over many months, i have concluded that we can indeed. have concluded that we can indeed . we can indeed introduce indeed. we can indeed introduce a system which is both fairer and remains competitive with other countries . so the other countries. so the government will abolish the current tax system for non—doms, get rid of the outdated concept of domicile . and i aim to please of domicile. and i aim to please all sides of the house in all my budgets . budgets. >> and we will. we will replace. >> and we will. we will replace. >> order. order, order! >> order. order, order! >> this is impossible . all >> this is impossible. all right. can you . just. right. can you. just. >> order! >> o

so plan to scrap non—dom tax status full scrap non—dom tax status is full of for super rich.of loopholes for super rich. so this owning this is a story about owning a non—dom property. that's correct jonathan. excellent i remember that. with that. so this is to do with people who generally people who earn generally wealthy second people who earn generally wealthjthat second people who earn generally wealthjthat they second people who earn generally wealthjthat they don't second people who earn generally wealthjthat they don't sein.1d homes that they don't live in. and all these new tax and there's all these new tax proposals which apparently full of holes, and it's just a massive, beneficial scheme for rishi. according to this, he stands to gain gain savings of £250 million. >> but that's very cynical. this isn't being implemented just to benefit him, surely, isn't it? >> that's what i would do. benefit him, surely, isn't it? >> is|at's what i would do. benefit him, surely, isn't it? >> is it's what i would do. benefit him, surely, isn't it? >> is it not hat i would do. benef

back to you. >> dom, thank you for the sectornomics.entioned that companies class needified as information sectors with meta up 40% and another new name could be added to the index down the road which is reddit. the social media platform enjoying the fruits of the first day of trading. investors are tying to figure out what the future holds. is this the next meta or alphabet with advertising fuelling growth or is it more like a snap which was projected to be a meta killer, but has sing since struggled. let's bring in sarah kunst with more. >> good morning. >> there is a $1 trillion global market for digital advertising with meta and alphabet and microsoft getting half of that. can they get significant market share? where do you stabnd on the data licensing with the businesses? >> that business case will start there. that's tough. remember a few quarters ago where papa johns said it is an a.i. company? the reality is a.i. moves markets. a lot of the companies saying it doesn't make sense. you know, alphabet did the deal with them. that i

we've argued for years that they should get rid of the non—dom tax status.e resisted that and now, completely out of ideas, the only decent policy they got is the one that they've lifted from us. and i think if you needed evidence of why we should go straight to a general election, it's that. we need change. obviously, we will keep our commitment to the nhs so important it is. we'll go through all of the numbers and we'll be absolutely clear. nothing in our manifesto will be unfunded and uncosted. that is an iron rule for the labour party. contrast that with the government where yesterday at the end of the budget the chancellor made a staggering £46 billion unfunded commitment to abolish national insurance. that's bigger than liz truss�*s commitment. so they've learned absolutely nothing. we need change. it's time for change. and you'll announce how you'll cover that different differential in losing non—dom status? well, we will go through in an orderly fashion all of the numbers. we will keep the commitment to the nhs because it's really important we get th

no, don't and non—doms. i don't and i think scrap shooting labour's foxes as the expression goes, is a really bad idea because it looks as though labour is already in government. yes. i mean , the government is adopting mean, the government is adopting the labour party's policies. i wouldn't do that. i would like the labour party's policy . the labour party's policy. >> that's right. >> that's right. >> not embrace them. >> not embrace them. >> and doesn't the electorate then become inspired or encouraged sort to encouraged to sort of think to themselves, well, why not keir starmer? how much worse it starmer? how much worse can it be? exactly . the electorate >> well, exactly. the electorate will just think, it will will just think, well, it doesn't who you vote for, doesn't matter who you vote for, which is what they do think at the they don't the moment. they don't particularly labour because particularly fear labour because labour doesn't have an awful lot of policies to fear, and they're tired of the tor

did you catch what former cnn anchor dom lemon set on cnn? did you catch that former cnn anchor said on cnn. yeah, about the lawn. ma secured is, and apparently that doesn't matter to eli mazda is just for maybe talking points for him or the rhetoric, because it doesn't seem to matter when it's about him. questions about him from people like me? yeah, he says apparently free speech doesn't really matter to him. that's what he's talking about. and then it goes on to say right here when, when it comes from people like me, you see what he's doing there. do you see what he's doing there? hm. that might sound like somebody who's a, who went into the interview to, to learn and share ideas or the detect that it's somebody who's kind of angry. he like, he went into the whole thing, kind of angry about something that's kind of what i'm getting from this after watching some of this interview. i'm gonna share more with you. so here's what don, who i know very well by the way because he and i and lester have were all hired together at one point by a and

and then on the non—dom u—turn . yes. i'm not non—dom tax u—turn. yes.'m i'm pro dom obviously dunng really i'm i'm pro dom obviously during the pandemic , i bought during the pandemic, i bought a whip. i tried to make some money on, on the internet. as you know, there. know, i saw you in there. >> right. you know, i saw you in there. >> pretty right. you know, i saw you in there. >> pretty well. right. you know, i saw you in there. >> pretty well. you right. you know, i saw you in there. >> pretty well. you rigibetter did pretty well. you did better than exactly. yeah. than i did. yeah exactly. yeah. >> now and then. >> i own a whip now and then. the spending thing, will the public spending thing, will be to 1% in real terms. be kept to 1% in real terms. spend, other things are. >> but they're raising the threshold for child care. so 60 to 60,000, if you earn up to 60,000, it was 50,000 before i thought it was 40, it was 5050. so that's quite good for people with kids. it you yeah. with kids. it is you know. yeah. i know you'd want to i don't know why y

your plan on non—doms and making it harderfor non—doms to plan on non—doms and making it harder for non—domsance we were not going to do this morning. i want to find a way to bring down the tax burden as a conservative. that would be the right way to unlock growth in the economy. i will do so in a way that is responsible. i will not do so through borrowing, gimmicks, iwill do not do so through borrowing, gimmicks, i will do the right thing in the longer term interests of the country's economic growth. what country's economic growth. what about doing _ country's economic growth. what about doing what _ country's economic growth. what about doing what sir _ country's economic growth. what about doing what sir rocco forte suggests, should he look forward to wednesday? i suggests, should he look forward to wednesday?— wednesday? i want to support the tourism industry. _ wednesday? i want to support the tourism industry. i— wednesday? i want to support the tourism industry. iwill— wednesday? i want to support the tourism industry. i will not - wednesday? i want to support the tourism industry. i

the government will i abolish the tax system for non-doms. abolish the tax system for non—doms.rom wealthy folk who live here, but whose home is abroad. i folk who live here, but whose home is abroad. ., folk who live here, but whose home is abroad. . ., , ., , ., folk who live here, but whose home is abroad. . ., , ., , , is abroad. i aim to please all sides ofthe is abroad. i aim to please all sides of the house _ is abroad. i aim to please all sides of the house in all _ is abroad. i aim to please all sides of the house in all my _ is abroad. i aim to please all sides of the house in all my budgets. i of the house in all my budgets. keir starmer. of the house in all my budgets. keir starmer- next _ of the house in all my budgets. keir starmer. next the _ of the house in all my budgets. keir starmer. next the reaction - of the house in all my budgets. keir starmer. next the reaction from - starmer. next the reaction from the chancellor's — starmer. next the reaction from the chancellor's political _ starmer. next the reaction from the chancellor's political opponents - starmer

like scrapping non-dom tax, or reforming it— like scrapping non-dom tax, or reforming it.ing to hear what labour _ reforming it. interesting to hear what labour might _ reforming it. interesting to hear what labour might have - reforming it. interesting to hear what labour might have to - reforming it. interesting to hear what labour might have to say l reforming it. interesting to hear - what labour might have to say about that. the bbc understands today that councils might be told they need to make even more savings. such a hot issue at the moment and these are councils in england, i presume. we have councils in england, i presume. - have heard from councils for some time now that many of them are struggling to balance the books. the message they are likely to get from jeremy hunt tomorrow is that they need to have a look at what he considers to be wasteful spending. he says that is on things like consultants and diversity equality and inclusion initiatives. he will emphasise the significance of having productivity plans that council leaders will need to produce by july.

the silliness over non—doms non—doms contribute to the economy . they contribute to the economy.hen we've got the obr forecasting 350,000 immigrants coming in every year, many of whom make a negligible economic contribution, making it harder for non—doms who in very small numbers make a very big contribution . ian is really bad contribution. ian is really bad policy and then we've got all these costs of net zero and the high cost of energy and entries in the government accounts that are bizarre. they have revenues of 11 billion for environmental charges and costs of 11 billion for environmental charges. what are doing ? why is the are we doing? why is the government charging itself this sort what is the sort of money? what is the point? we need to have a pro—growth economic policy that has simple, straightforward taxation that people can understand. back to the lawson model . we need to have cheap model. we need to have cheap energy. we need to control government expenditure . we must government expenditure. we must get more productivity out of the pubuc get more productivity out

so what is dom? lemme go after he gets after he attacks mosque and after mosque fires him cause it appears on cnn. and mary's come from comfortably nestled on the side with a cnn interview, who shares his exact views of the world, which is fine. you know, views like we're all government agencies are all wonderful except when a republican is in charge like trump, then they're not so wonderful. our wars are all necessary. they ignore the state department's actions and countries all over the world. but any story having to do with discrimination that goes right to the top. oh, and they won't ever tell you about the political corruption that exist daily, but they will report on political corruption when some prosecutor brings them a press release and says, report on this. so essentially they think that their view of the world is the only one that matters. i got it. everyone's allowed to have views. but i know how that works. you know, i know how that works because that used to be me. i used to be the guy

those changes to non—dom tax status , changes to non—dom tax status, which we've been talking about for tax regime that helps wealthy foreigners to pay less tax in the uk, attracting them here so they spend their money, invest their money here. labour wants to make that much, much stricter, restrict the savings for wealthy foreigners . the for wealthy foreigners. the tories are now likely to do the same in addition, we've got an increase in business class airfare duty, another measure of getting more money from the rich to pay for the headline national insurance cuts and then maybe we'll have some help for first time buyers with maybe more favourable stamp duty payments for them so they can get on the housing ladder. but i agree very much with andrew. he's often well informed on economic matters . as we know, the matters. as we know, the hospitality industry employs 1 in 10 people in this country. bev directly and many more in other aspects of the business. and it is being hammered. high streets are being hammered by business rates. we know that the hospitality industry often employs pe

>> i think it is, dom. i think the market will quickly turn to other issues. thought the more important news was the announcement that they are adding incentives in china to lower prices and increase demand. but his distractions would probably put most of us, you know, under the table. but he just moves on. i was at the makeup factory thanks to the folks at rbc, and there is a lot of promising stuff going on at that company. >> what is the promising stuff? and we already know that you're bullish and long in the stock and you have a vested interest in this stock going higher. but what makes you that much more bullish? what did you see that made you feel like this is something that you want to keep on accumulating? >> well, so the manufacturer makes battery storage, basically utility grade battery storage. so these big walls of batteries that will really change the way that electric utilities operate and should reduce outages, as well as all the forest fires that we've been seeing over the years. in the master plan three presentation that tesla made a year ago,

i didn't. the non—dom didn't. yeah, the non—dom status and wasn't any and so on.any taxes , right? but meanwhile 15 taxes, right? but meanwhile 15 years ago she bought a house under the margaret thatcher right to buy thing and then sold it just in too short a period of time and made a tremendous profit. and now she refuses to provide any of the details of it, which means that she's just as bad. it's a classic thatcherite, yeah. >> i mean, there's a few bombs, there's a capital gains issue with it. >> there's m >> there's the council tax discount . >> there's the council tax discount. did she, you >> there's the council tax discount . did she, you know, discount. did she, you know, unfairly claim it? did she breach law? and it is breach election law? and it is it is hypocrisy because she was she was really hammering sunak's wife. and even before that if you hypocrisy they you talk about hypocrisy they were over you talk about hypocrisy they wer partygate over you talk about hypocrisy they werpartygate hypocrisy. over you talk about hypocrisy they werpartygate hypoc

well, let's just take that 2 billion in a tailored cut to non—dom status.it's taken in terms of overspend and in terms of what it's taken to can part of the way, is 2 billion. so suddenly you don't have any more money to play with. you're catching up. the question that i'll be looking to see tomorrow answered is fiscal headroom and how much the reduction in inflation has given the government extra room. as you know, when inflation was 10%, that was about 108 billion we were having to spend on debt interest just servicing the country's debt. 0bviously, that has fallen a lot. it fell when it was 5%. that was a considerable reduction. if the bank's inflation forecast is correct, that's again a much bigger reduction. and we'll see what the predictions are for fiscal headroom on that. a sobering thought, surely, for you is that the most recent opinion polls have you at the lowest level for more than 40 years, 20%, according to ipsos yesterday. that's not some of the polls. that's one of the polls. more recent polls have been having us a bit higher than that. but

when i became dom i made when the 5 elderly women. and they told me that's is going to extinction. the div that's in suffolk, i use that to all 4 or 5 that's 822 years ago. set up a true on for a woman that the woman will have a police on high cheese. i've been done and the amount will be the spiritual guide, even though you need say, 200 entities 2 years ago. yes. is only a 100 years ago. that's the width. i'm was such a we many solution to what's on the stage, the development of women in africa, nigeria, woodland. and i know my using clement of european europeans came widia ideology until the people that i was is. but i'm, so our people need wholesale acceptance of forwarding ideas the, our for, for that. so we mean, as you mentioned, meaning that's our full fund as well. we mean for in india wisdom, the wise old man settled this is to show and said that he never yeah, knew my community. there has to be a charge on a ruler who is in charge of main menus. and the land has to be, i'm always the one that she's in charge of women female use. and because they didn't know do much more

sojeremy hunt stole the policy of changing the taxation of non—dom. that's people who live in the uk but don't pay tax on their overseas earnings. in the uk but don't pay tax so that disappeared. in the uk but don't pay tax plus spending government money to cut national insurance because that's how tax cuts basically work. arithmetically that then adds up to that makes the black hole for labour slightly bigger. what's your kind of back of the envelope calculation of how far down they are? it's a couple of billion pounds because the non—dom tax abolition which labour had said that they would do. butjeremy hunt has now gone ahead of them and done was specifically hypothecated i think is the word for particular policy. so labour said that that was going to fund a host of policies to do with the nhs and also breakfast clubs in primary schools. and that costs i think roughly a couple of billion pounds on labour's estimates and that is a couple of billion pounds that they are going to have to raise elsewhere because they said very quickly after the budget t

the non—dom national insurance.g revenue to make up for the £0.02 cut figures suggest any benefits for the taxpayer are likely to be cancelled out by an expected rise in council tax. however jeremy hunt told gb news earlier that his budget is proof that the government's fiscal plan is working. >> we want to end the unfairness, the direction of travel we've gone is to reduce national insurance by one third. the fact that labour are opposing this today is really because labour don't have any plans to reduce taxation. it sort of makes my point for me, their plan is basically that tax should remain at its current levels . we say we don't have to levels. we say we don't have to accept the status quo. if you make difficult decisions, if you stick to our plan for the economy, that's seen inflation falling and growth starting to rise, we can bring down the tax burden . burden. >> we've heard today that the uk has pledged a further £125 million of military support to ukraine in another major move against putin's invasion is

hi, dom. nearly six months after their initial deadline, lawmakers have completed the legislation to fund part of the government for the remainder of the fiscal year. the $460 billion agreement was announced by democratic and republican leaders over the weekend and they finally have the actual detailed text which means it is likely that congress is going to be able to prevent a partial government shutdown that otherwise would have began at the end of the day on friday. it includes several foreign policy measures like preventing the sale of any oil in the strategic petroleum reserve in china and it would strengthen the tracking and review of u.s. forest and farmland. the house is set to take the first vote on the spending package on wednesday and law maersks don't get back in town until thursday night and the speaker will use an expedited process that will require the help of doem democrats and it would keep the hard liners from holding up the process on getting these critical spending bills th

your plan on non—doms and making it harder for non—doms to pay avoid paying tax here, perfectly legallyes, you would be carrying out a screaming u—turn. do you deny that that is your plan? wa nt to want to talk about any individual taxes. i thought that was a dance we won't have. i want to bring down the tax burden. as a conservative. that would be the right way to unlock growth in the economy but i will do so in a way that is responsible, not through borrowing, not through gimmicks, iwill do through borrowing, not through gimmicks, i will do the right thing in the long term interest of this country because my economic growth. what about doing the right thing for the tourist industry in this country? should he be feeling... looking forward to wednesday? i country? should he be feeling... looking forward to wednesday? i want to do everything _ looking forward to wednesday? i want to do everything i— looking forward to wednesday? i want to do everything i can _ looking forward to wednesday? i want to do everything i can to _ looking forward to wednesday? i "grant to do everything i can to

measure non—dom status. air fares that could raise a few billion quid. and on the other side of the ledger, there could be more help for first time buyers. those young families trying to own their own home. so few of them do compared to my generation. >> so what are you thinking there, liam? do you think 99% mortgages or are we talking about stamp duty? >> i personally think 99% mortgages will a complete mortgages will be a complete disaster they would disaster because all they would do, up demand, do, they'd jack up demand, they'd jack up prices with doing nothing to address the real issue , which is the supply of issue, which is the supply of housing it's all about housing offered. it's all about the lack of supply, the slow growth of house building in this country. it's a major, major problem if there is help for first time buyers, i think it will be, as you say, early on stamp duty, lowering stamp duty more for first time buyers. they already get favourable treatment and maybe, you know, lowering stamp d

the non—dom non—dom tax being the non—dom concession as concession being axed.rd that line, they're going quite, quite strongly from keir you want to keir starmer. would you want to axe national insurance? and if you do, where will you find £46 billion to do so? because it's an unfunded tax cut, as labour say? >> well, see what was announced in the budget last week was that >> well, see what was announced in fan budget last week was that >> well, see what was announced in fan average .ast week was that >> well, see what was announced in fan average working< was that >> well, see what was announced in fan average working familyhat >> well, see what was announced in fan average working family on for an average working family on 35,000, have announced 35,000, we have announced effectively tax cut to them of effectively a tax cut to them of about £900. that is half of that is already been implemented. and people, hard working families , people, hard working families, will see that tax reduction coming into, into , their coming into, into, their experience this year

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