. >> and we hear that rachel reevesis >> and we hear that rachel reeves is now considering a tax raidpensioners ever going to stop? what exactly is going to stop? what exactly is going on there? and of course, we're going to be bringing you the very latest from florida, where millions of people have been forced to evacuate. we may well speak to someone who's decided not to. >> it's a really fascinating situation out there in florida. we've got some dramatic images that we want to show you that up next. >> thrilling show. thanks, tom. emily i'll be there for you in westminster hall as those results come in. the tories leadership contest. what a thrilling show coming up . and thrilling show coming up. and that's all from us. >> it is. we'll be back next week with a pmqs right up until the 18th of december. we'll be with you for all of them with more great guests. don't go anywhere. next up, good afternoon, britain . afternoon, britain. >> heavy showers first thing will be followed by a warm, cosy day. boxt boilers sponsors of weather on gb news . weather on gb news. >> hi. very good day

the government squeeze on pensioners so shows no sign of abating after it emerged rachel reevesis abatingr it emerged rachel reeves is considering a cut to the tax free lump sum. savers can withdraw from their pensions. >> yes. so the chancellor is reportedly considering this move following recommendations by two major think tanks and she hopes potentially it could raise around £2 billion for the treasury. >> however , there are concerns >> however, there are concerns that the policy could open the door to legal challenges and further damage the government's image. following the controversial cuts to winter fuel allowance for most pensioners. >> okay, well, let's get the views now of two political editor at the financial times, jim pickard. jim, thank you very much indeed . jim pickard. jim, thank you very much indeed. is jim pickard. jim, thank you very much indeed . is rachel reeves much indeed. is rachel reeves now going after? er, well, responsible savers , people who responsible savers, people who have worked their whole lives done the right thing, put the money in their pension and

look at this rachel reevesis brexit. el reeves is now saying we've got to go back into being a rules taker from the eu . >> right. >> right. >> welcome back to saturday morning live. and we have a very exciting couple of guests for you now, a host of >> right. to saturday >> welcome back to saturday morning live. and we have a very exciting couple of guests for you now, a host of star british actors are coming together to appearin actors are coming together to appear in a new short film aiming to help raise awareness of eating disorders. >> the film will feature the likes of this country actor paul coopen likes of this country actor paul cooper, actress and reality tv star jess impiazzi and former starjess impiazzi and former hollyoaks actress michaela dodd, who have all been affected by eating disorders in their lives. >> now this film is being produced by author lynn crilly, who became a counsellor after her daughter samantha was diagnosed with an eating disorder and ocd 20 years ago, and lynn crilly and her daughter sa

now coming up first, it was the winter fuel allowance and next, chancellor rachel reevesis and next, s eyeing up a £2 billion tax grab by lowering the tax free cap on pensions withdrawals. today's uncomfortable question is simply this does the labour party hate welcome back. time is 525 but for even on martin daubney on gb news now, labour's war on pensioners shows no sign of abating after it emerged today that rachel reeves is considering a cut on the tax free lump sum that savers can withdraw from their personal pensions. the chancellor is reportedly considering the move following recommendations by two major think tanks, and hopes it could raise or plunder around £2 billion for the treasury. however, there are concerns the policy could open the door to legal challenges and further damage the government's image. following the controversial cuts to the winter fuel allowance for 10 million british pensioners. and to discuss this further, i'm now joined by the founder of the pensioner votes .com and that's david anneliese. david, welcome to the show. absolute pleasure as always to have

also, there's some briefing ahead of monday's investment summit, which rachel reevesis investment summit trying to bring in big u.s. by. they're trying to bring in big us. companies and other companies to invest in the uk, amazon , blackstone have already amazon, blackstone have already announced multi—billion pound investment plans. i asked in the lobby , will these companies want lobby, will these companies want to be there when there's so much concern about the october 30th budget? they said, no, look at what's happening already. and they believe they can get money in all eyes still on on the budget on october 30th, rachel reeves did brief cabinet ministers about her current thinking , ministers about her current thinking, but we won't know anything until that date. and many critics are saying, why on earth are we waiting so long for this budget? and that's maybe one reason why this government appears to be stuck in first gean appears to be stuck in first gear, nowhere near fifth gear, where they should be given a scale of their victory. back in july . they are not having to july. the

so it's widely expected that in october, rachel reevesis expected that in october, rachel reeves is goinglot of people borrowing. and a lot of people are saying she should be able to do that. we need more investment in public services. but the warning that's coming from the treasury is if you do that, it could be inflationary and interest rates will stay high. >> it's borrowing for capital investment though isn't it. >> yes. that's what she's doing. and many will say the government absolutely should be able to do that because we need that. but the problem is, is, as we've seen in the past, if there's more cash in the system, inflationary pressures, pressures increase. but that would be like but that would be like the mini—budget then, which of course labour would say, well that's awful. >> it crashed the economy. it forced the prices up for people doing exactly the same thing. well, sorry. >> go for it. »- >> go for it. >> oh, i was going to say the telegraph says for every 25 billion the government borrows, it adds around 0.5% or 1% on mortgage rates. what i will say is that the governme

rachel reevesis it's just gone 11:00. rachel reeves is facing warnings that interest rates will stay higher for longer after saying she will change britain's debt rules to unleash a borrowing spree of up to £50 billion. the chancellor confirmed she will change how debtis confirmed she will change how debt is calculated to take into account the benefits of investment spending. at her budget next week, she also pledged to get debt falling by the end of this parliament in an effort to reassure nervous investors. however, jeremy hunt warned it will lead to higher mortgage costs and he accused the chancellor of acting irresponsibly. meanwhile , shadow irresponsibly. meanwhile, shadow leader of the house of commons, chris philp, accused the chancellor of broken promises. >> well, first of all, the chancellor has been dishonest with the british public. she promised before the election she would not fiddle the borrowing rules. she fought and won the general election with a certain set of plans, and within a matter of weeks she has

rachel reevesis transport and housing. l reeves is expected to make a visit related to the budget, with sir keir starmer the prime minister, as mps debate the measures in the commons, ms reeves said labour's first budget since 2010 would be a one off to. she said wipe the slate clean. but the head of the institute for fiscal studies warned more tax rises could come if labour's planned growth does not materialise. a key measure introduced by reeves was a rise introduced by reeves was a rise in employers national insurance contributions from 13.8% to 15%. she also announced an increase in capital gains tax, a freeze on fuel duty next year and the introduction of vat on private school fees from january. shadow chancellor jeremy school fees from january. shadow chancellorjeremy hunt has chancellor jeremy hunt has announced this morning he will step down once a new tory leader is elected . he told gb news is elected. he told gb news yesterday was a very, very sad day for ordinary families. >> rachel reeves promised us 30 times t

our top story, rachel reevesis today. top story, rachel reeves is set to launch what seems to be a manifesto breaking tax rate on incomes in this month's nightmare of a halloween budget. or that's what it's been predicted. as for the great british debate, this hour, i'm asking is it time for fame factories to end ? one director factories to end? one director and star liam payne died falling from a third floor of a hotel after an apparently a drink and drugs booze. he became famous when he was just 16 on the x factor. but how do these shows like this do you think that they exploit young people currently? now i've got to pull up on x throughout the show, asking you whether it's time to end fame factory. so cast your vote throughout the show. then in royal round up biographer angela levin will be here to give us the latest from behind the palace walls on the menu as republican protesters continue in australia, the will king, the king ever be replaced as their head of state? long live the mighty commonwealth that's coming up i

and part of that story is rachel reevesis and part of that story is rachel reeves is now sort of listeningo all these people going , yeah, to all these people going, yeah, maybe you shouldn't tax the top players anymore. they've had enough and instead they're going to tax the businesses on the income. national insurance, which would raise 18 billion over ten years. >> i say, okay, so maybe ten years. >> yeah. that's what i'm saying. yeah. yes . i >> yeah. that's what i'm saying. yeah. yes. i mean i think she's really struggling to work out what this budget's going to be, isn't she. because she's talking about this 22 billion and nothing, whether it's the non—doms, whether everything has a catch to it because you end up with people leaving the country. yeah. so it's very interesting to see what she's actually going to see what she's actually going to come up with. >> i mean, it's true because it's always it's not a new problem, one of one of the kind of major axes or these seesaws when you're trying to create 1535 00:08:50,736 --> 00:0