here is philip hammond on the steps of number 11, the first and last time we will see philip hammond them any more. but we will see him again in the autumn because he will be doing an autumn budget. a traditional posed by mr hammond, holding the red box. theresa may has already gone to the commons in preparations to pmq ‘s, usually on budget day, pmq ‘s is a rather understated affair, because all eyes are focused and everyone is waiting, for the big moment, for the budget moment. pmq ‘s can be a bit underpowered and there is a lot speculation that this budget may be less of an important political event thatis less of an important political event that is often the case because philip hammond has pretty much already signalled to us, that he hasn't got any spare money to spend, and what their money he has got he wa nts to and what their money he has got he wants to keep back because of the potential difficulties that the economy might face, with brexit and leaving the european union, and focused on trying to get the deficits down. there might be a little bit of money but not much and wh

the right honourable philip hammond.h and that's how the chancellor started. i report today on an economy that has continued to confound the commentators with robust growth, a labour market delivering record employment and a deficit down by over two—thirds. as we start our negotiations to exit the european union, this budget takes forward our plan to prepare britain for a brighterfuture. he told mps the uk's debt and borrowing was still far too high. so the only responsible course of action, mr deputy speaker, is to continue with our plan. undeterred by any short—term fluctuations and undistracted. .. undistracted. .. undistracted by the reckless policies advanced by the opposition. because, mr deputy speaker, we on this side will not saddle our children with ever increasing debt. but after repeated claims the social care system is in crisis, the chancellor promised to help ease the pressure. i am committing additional grant funding of £2 billion to social care in england over the next three years. and he unveiled extra

mr hammond's also finding £100m to place more gps in accident and emergency departments in england fornext winter. and there was a change in technical education, with the introduction of a new broad—based t—level qualification, as well as an extra £216 million in funding for schools. the government has been coming under pressure to provide more money for social care budgets, with council leaders saying the system is on the brink of collapse. well, today the chancellor responded, announcing £2bn of extra funding for social care in england over the next three years. so today, mr deputy speaker, i am committing additional grant funding of £2 billion to social care in england over the next three years. mr deputy speaker, that's £2 billion over the next three years, with £1 billion available in 2017—18, which will allow local authorities to act now to commission new care packages, and it forms a bridge to do better care funding that becomes available towards the end of the parliament. of course, this is not only about money. while there are many excellent examples of best practice around th

the right honourable philip hammond... at his first and most spring budget.t will be in the autumn. norman lamont also build what was billed as the last bring budget. later, he was sacked. so wish be like today. the country's finances less picky than expected, but as he knows, hardly any clear. our report today on an economy that has continue to confound the commentators with robust growth. —— peaky. they commentators with robust growth. —— pea ky. they labour market commentators with robust growth. —— peaky. they labour market with record employment at a deficit down by two thirds. as we start our negotiations to exit the european union, this budget to export our plan to prepare britain for a brighterfuture. plan to prepare britain for a brighter future. that no. —— but no. cuts. -- but no. cuts. some have argued that lower borrowing this year makes a case for more borrowed spending in the future i disagree. we on this side will not settle our children with ever increasing debt. but he did break with the plan and arguably broke his party's manifesto promise,

it seems philip hammond is cut from a different cloth.y in the telegraph is very much talking about this idea that there are two camps. those who believe the state should be involved and they should raise lots of taxes and do lots of things, and those who think you should step back and keep taxes low and let other sectors take on responsibility. theresa may and philip hammond believed they can get away with breaking a policy pledge because there is no one to pick them up because there is no one to pick them up on it. is that the implication? the labour party are whatever and the snp have however many mps, but they can get away with it. that is right. the labour party is polling 2596, right. the labour party is polling 25%, that is extraordinary. labour and the opposition generally are pretty good at flagging up warning signs. they have been going on for several weeks about the rate rises, so they were on message today. they saw that storm brewing and they headed it off today. they put in changes to business rates which have been causing s

i doubt that philip hammond will tamper with foreign aid.other parts of the manifesto in successive budgets? probably only about 15 words from the liberal democrat one! there are endless subclauses. it's all very well for you to say, they don't read it, but the manifesto is meant to set out what the government believes in. pe—i!!i.e-j.> heel; "gage-s: we 93-3 e§q|jf e .. . w. ”7, ., it's a promise, you say, this is what we are going to do, vote for us and then we do it whether you believe it or not, you have to go out of your way to do it, especially when these sun readers vote for you would it not dead, you can't turn round and say, no thanks. he is in a terrible mess and we have sympathy. the other thing we will see if the triple lock promised on pensions. the spending on the triple lock and protecting gray '5 spending oaps is astronomical, about £78 billion, which puts all of these 3 billion here and there on national insurance rises into a small corner. philip hammond has bravely, i think, already said, we need to look at this. whether t

the chancellor philip hammond defends raising taxes on the self—employed.r hammond said the government was facing new spending challenges which it has to rise to. what i did yesterday was address the basic continuing unfairness in the current system, the benefits available to the self—employed have significantly improved. this is not the time to do it when consumer spending isjust this is not the time to do it when consumer spending is just dipping and at the front line are the effects of the sole traders, the self—employed. we'll be asking just how much political pressure the chancellor is now under. also this lunchtime. jeremy hunt says the nhs has to improve its performance now that social care is being given an extra £2 billion. feeling the squeeze. john lewis cuts its staff bonuses in the face of what it calls an "increasingly uncertain market." a university lecturer has been arrested in australia on child sex abuse charges after he impersonated the pop starjustin bieber online. made this memorial can read the lives in service of all who took pa rt liv

% themselves-m philip hammond tastes mutiny from philib hammond faces mutiny frees . . . ..55 well é’ég'éééé for % job they are well equipped for the job they are well equipped for the job they have to do. yes, after months of a day have all they have to do. yes, after months of - a day have all the staff of telling a day have'all the'staff 5—55— of telling a day have'all the'staff tbse have — finest 5 5 7— and they have the finest negotiators possible, now we've got. free possible, now we've got the free we have boris ...... --s--- .... ---e gand ...... --s--- .... ---e g and the johnson and liam fox and the of national ‘sds . johnson and liam fox and the of nationalists and i johnson and liam fox and the of nationalists and the degartment ofnationaltradeandthe for exiting the eu. they degartment ofnationaltradeandthe they for exiting the eu. they degartment ofnationaltradeandthe they don'ttiting the eu. they degartment ofnationaltradeandthe they don't want the eu. they degartment ofnationaltradeandthe they don't want the eeetheyj cuts the will im egg 'ust cuts the will im-

the question is whether philip hammond is prepared to do that.ks but they failed terribly last time, will they be able to come to a long—term solution on this very crucial issue? many thanks, vicki young. with me now is the political economist will hutton, who also chairs the big innovation centre which helps businesses move forward. what is your overall impression of this budget? it had a little bit more wiggle room because of the obr's more wiggle room because of the 0br's increased growth forecast for the next year, but we know there are headwinds, whether it is inflation, the effect of brexit and so on?” personally take the view that brexit is much more serious than the office for budget responsibility allowed for, so i really don't believe these forecasts. you think they have been overgenerous? yes, i think things will look much worse in 2018, 2019 and 2020 dummy forecast. i think inflation will be higher, exports will be less responsive, i think the situation will be much more depressing than the picture painted here. i think philip hammond

the headlines: the chancellor philip hammond has increased national insurance bills for self—employedeople in his first budget, leading to accusations he has broken a manifesto pledge not to raise taxes. the budget included an extra £2 billion for the social care system in england, as the chancellor said he was putting the economy on a solid footing. as we start our negotiations to exit the eu, this budget takes forward oui’ the eu, this budget takes forward our plan to prepare britain for a brighterfuture. the labour leader, jeremy corbyn, said the budget was built on unfairness and provided tax breaks for the few and public service cuts for the many. utter complacency about the crisis facing our public services, and complacent about the reality of daily life for millions of people in this country. in other news, police searching for missing airman corrie mckeague say they are "confident" his body will be found at a landfill site. the raf serviceman has not been seen since a night out in suffolk in september. the website wikileaks has published thousands of pages of what it says are

despite this, economists are not expecting a spending spree from mr hammond.he's expected to put the additional funds to one side in a brexit war chest as britain prepares for its divorce settlement with brussels. nevertheless, one area which may receive some immediate attention are the so—called "business rates" paid on commercial property. despite the government's reassurances that britain remains open for business, some companies will see more than a 40% rise in their property rates. to help cushion the blow, the treasury has already announced that corporation tax will fall to i7% by the end of the decade. with me is victoria waldersee, commissioning editor for economy. what are you expecting from the budget? i think from everything we think so far we are seeing two main messages. one is to be this idea that this is a time for so—called fiscal discipline and that we are entering an era of what philip hammond calls economic turbulence. the main reason for that he says his brexit. the other hand we have this from the oecd and philip hammond to say growth is h

the chancellor, phillip hammond, has rounded on what he's described .he .s to increase fiscal discipline. increase fiscal discipline. speaking to the bbc‘s andrew marr show before delivering the budget on wednesday he has argued that although the economy has proven to be robust, there's still a need for fiscal discipline as the country prepares for brexit. with me now is our political correspondent susana mendonca... he put great emphasis on skills training and one submitted on the same basis as academic training. we know that the government is very focused upon improving productivity and making sure we have the workforce needed after we brexit from the european union to be able to do thejobs. from the european union to be able to do the jobs. that is one of issues he talks about. you mention about the reserves in the tank. he has made it quite clearly does not wa nt to has made it quite clearly does not want to go and any kind of spending spree. he was to make sure that is enough money they are given the flexibility to be able to deal with any uncertainty

philip hammond has a deserved reputation as a safe pair of hands.completely clean pair of heels. that said, i think it's unlikely at this stage today, his first budget, historic in that sense, will be looked back as a major, major moment. laura kuenssberg with her thoughts there on the budget. more details on our website. that's at bbc.co.uk/budget. all the details of the chancellor's announcements are there with updates and analysis from our editors and senior correspondents. take a look at the site there for us. let's turn to the day's other main stories. in afghanistan, the islamic state group has said it was responsible for an attack on a military hospital in the capital kabul. at least 30 people died when gunmen, dressed as doctors, stormed the building. army commandos took several hours to regain control after landing by helicopter on the roof, as our correspondent, james robbins, now tells us. smoke billows from afghanistan's largest military hospital, a small group of four or five is extremists have overwhelmed its defences and are using gun

in europe, philip hammond says the u.k. economy will grow faster this year than previously forecast. he delivered his budget speech in parliament today as they prepare to leave the european union. he raised the forecast for growth up to 2%. the budget deficit will be less than expected. and china is calling on the u.s. to avoid a head on collision. they are calling for north korea activities and the u.s. was asked to suspend military drills with south korea. global news, 24 hours a day. powered by our more than 2600 journalists and analysts, in more than 120 countries. i am taylor riggs. this is bloomberg. mark: coming up, oil dropping below $53 a barrel. we will discuss the key story shaping the oil market today. this is bloomberg. ♪ vonnie: this is "bloomberg markets." mark: right. the third straight day. investors are factoring in the probability of a rate hike in next week's fed policy meeting. .oining us now is alan knuckman thank you for joining us. we are awaiting data. do you think the data is going to put further d

best hammond now says he wants to get rid of it by 2025.tax rises and spending cuts to get the deficit down to zero. the chancellor didn't mention the word brexit yesterday, which could change all this, everything could go out of the window couldn't it? one of the things all economic forecasters can tell you at the moment is there is more uncertainty about what is going to happen over the next five or six yea rs to happen over the next five or six years than they can remember at any time in the past. we've got some central forecasts, the 0br, time in the past. we've got some centralforecasts, the 0br, the treasury, saying we should get modest growth over the next few yea rs, modest growth over the next few years, but things could turn out better. 0r years, but things could turn out better. or they could turn out worse. it's not until we know how the economy will react that we really know what the public finance tax and spending consequences are going to be. pauljohnson from the institute for fiscal studies, thank you very much. you can send

sources say philip hammond is privately bullish about the changes. initial explanation of the measures may have fallen short. the government insists its plans are fair, but philip hammond said no chancellor can rule out future tax changes. adding, that's a golden rule. studio: well, the independent economics think tank the institute for fiscal studies has been looking through the chancellor's budget and has been giving its initial analysis of it to our economics correspondent andy verity, who's here. what is the broad assessment? they we re what is the broad assessment? they were struck by something that the 0ffice were struck by something that the office for budget responsibility had said, saying that we have a new normal in the economy, slower growth, growth that is not really produce growth in incomes like it used to. that capacity to increase productivity so we are all producing goods and services which justifies pay going up has been a bit clapped out over the last ten years. they are calling the last ten years since the crash the worst decade f

my take is either mr hammond isa future. hammond is a much braver chancellor than any of us have given him credit for or his political and ten i have gone on the blink. if it is the former, he is being extraordinarily brawled —— antennae. maybe the treasury think it isa antennae. maybe the treasury think it is a taxonomically that needs to be ironed out. it is simply unfair they pay less tax, the self—employed, maybe. it is costing the treasury a whopping amount of money for stock this year alone it is thought it is costing the treasury £5 billion. as we move into an increasingly digital economy, it is thought more people will work for themselves. in other words, the potential for much bigger losses of money down the line are leave very significant and perhaps that is in the back of the chancellor's mind when he chooses to make what is still a hugely controversial decision. what is your thought on that? do let us know. now let us catch up with the rest of the news. scotland's first minister, nicola sturgeon, has told the bbc

philip hammond is due to address parliament in a few hours' time.e of the uk budget both on—air and online. now, if you're old enough to cast your mind back at least 40 years, you might be able to recall a time when the concept of "branding" didn't really exist. oh, how things have changed! yes, branding is more thanjust a name, it's now a whole industry, covering everything from corporate strategy and design to the value of the name or symbol itself. and it is, of course, everywhere — from the tv or smartphone you might be watching this programme on, even to the name bbc itself. and our next guest knows a thing or two about the concept. in 1974, john murphy founded what was then the world's first name creation company, called novabrand. five years later, it became interbrand, as it moved beyond coming up with names to create a whole brand image for its clients, a story told in his new book. john murphyjoins us now. that is certainly a brand name you have, with! how did it begin? you started this name creation organisation and when was it that you r

philip hammond has been a senior cabinet minister for a hammond has been a senior cabinet ministerforcking jokes practically all the way through. but the overall picture is not necessarily happy. slightly better. more cuts to come and tough times ahead for families. millions of voters feeling it is pretty tough to make ends meet. politically, there is a row brewing. we heard about the rises in national insurance payments for some people who are self—employed. that is damaging, potentially, not just because the people affected, it might not be too much money but they might not be too much money but they might not be pleased about paying more attacks, but also in the tory ma nifesto more attacks, but also in the tory manifesto in 2015 the conservatives made a clear promise not to raise national insurance contributions. the dispute, on a technicality, exactly whether they've broken a promise, but tory backbenchers are worried about this notjust because of the image of breaking a promise but also there are fears that it goes after the tory tribe, so for a budget that was supposed to be sa

mr hammond has talked about fairness.etween being employed directly by a company and being self—employed ? for employed people, there's the issue of rights at work. they receive parental leave, sick pay and holiday pay. if you are self—employed, you receive none of these rights. and let's look at income. at present, an employed person on about £25,000 a year would pay national insurance of £1970. for a self—employed person, that insurance payment falls to £1630. after this new tax increase, that payment will rise to £1810. that means the tax gap between the employed and the self—employed has narrowed. self—employed people earning less than 15 or £16,000 per year are actually going to be better off. the biggest hit will be about £580 a year by 2019 for people earning more than about £110,000. yeah, exactly... the self—employed are not the only people facing a tax increase. this is kelly gilmour—grassam, who runs her own writing business. she takes some of her income in dividends from her shares in the company. the governme

mr hammond said hisjob was to ensure the economy was resilient.ed the eu that britain will not slink off like a "wounded animal" if it does not secure the brexit deal it wants. 0ur political correspondent eleanor garnier reports. these days, a long shadow casts itself over westminster and whitehall. brexit is dominating politics and as the chancellor makes his spending plans, it dominates his calculations as well. i regard myjob as chancellor as making sure that our economy is resilient, that we have got reserves in the tank, so as we embark on the journey that we will be taking over the next couple of years we are confident that we have got enough gas in the tank to see us through that journey. no ifs, no buts! no nhs cuts! but domestic pressures are building up as well. there are repeated calls for more money for the nhs, plus claims social care is in crisis and desperately needs extra funding. the chancellor says this is no time for a spending spree, but labour is warning more needs to be done. what we are saying is we will have a fair taxation

it was phlip hammond's first budget and, curiously, it was actually his last. at least, his last to be presented in march. from now on, the annual budget will take place in the autumn. the chancellor called it a ‘fair‘ package of measures. there was £2 billion for social care, relief for those hit by changes to business rates, and higher national insurance contributions facing the self—employed. in the late morning, outside 11 downing street, the chancellor paraded the familiar red box, complete with its detailed contents — some unveiled in advance, some still to be announced. the chancellor posed for the photographers... and then made his way the relatively short distance from downing streeet to the palace of westminster. as he started his speech shortly after 12:30, mr hammond said employment was at a record high, unemployment at a record low, but it was crucial to avoid complacency. as we prepare for our future outside the eu, we cannot rest on our past achievements. we must focus relentlessly on keeping britain at the cutting—edge of the global economy. the

the headlines at 11.00: the chancellor phillip hammond rejects calls for "huge spending sprees" ahead of his first post—brexit budget on wednesday. as we embark on the journey that we will be taking over the next couple of years, we are confident that we have enough gas in the tank to see us through that journey. president trump is urged to provide evidence supporting his claim that barack obama ordered to tap his phones during the election campaign. china decides to cut its growth target for this year after its economy expands at its slowest pace in 26 years. also in the next hour — remembering those who died on d—day. a memorial will be built in honour of the thousands of british soldiers and sailors killed on the normandy beaches. and in boxing, tony bellew, upsets the odds by beating david haye, in a thrilling heavyweight contest in london. and the dateline panel analyses donald trump's claim the us economy is booming and asks about those contacts with russia? that's in half an hour, here on bbc news. good morning and welcome to bbc news. the chancellor, philip hammond, has said h

philip hammond says he wants to get rid of it by 2025.sterity to get the deficit down to zero. the chancellor didn't mention brexit, so this could be changing and it could go out of the window? one of the things economic forecasters will tell you is there is more uncertainty about what will happen over the next five or six years. we some central forecast and the obr and the treasury are saying we should get some modest growth, but things could turn out better than that. or they could turn out worse than that. it is not until we know how the economy is going to react that we don't know what the public finance and tax and spending consequences are going to be. we have an update from cleveland police following the rape in redcar of the mother who was abducted with her toddler. they are saying as a result of police enquiries, officers have established the circumstances surrounding a report of rape in redcar on friday the 3rd of march, are not as thought. police are not looking for two men who forced a mother and her toddler into a car on redc

the mail shows a picture of philip hammond and says it is no laughing matter.ng matter. all the references are to joked and laughed. this is a man who is supposed to be very dour, a spreadsheet guy, a policy wonk, but he is cracking jokes as if he was les dawson. the most surprising thing about his budget speech was that because we knew it. we knew there would be extra money for social care, education, betty level, or help for business rates. we read about the national insurance contributions rising and we knew the obr would be changing their forecast. so the jokes were the surprise. but still it has to be said, caroline, the front page of the times, philip hammond's £2 billion tax rate. the indications were that this was going to happen, he was going to have to do something about social care and he would have to find the money somewhere and that national insurers would be the area

i think philip hammond was right to push that. a surplus as soon as is, that is what everybody seems to be contending with. he has got an anchor, but it is not very tough. he is talking about cyclically—adjusted borrowing being 2% of gdp by 2020, i have been pressing that all night. joking apart, that is a very loose target. and of course, because the 0br is forecasting it will only be 0.9% of gdp, that gives him this quote... none of this actually matters. there is no empirical evidence. the debt to gdp ratio in the uk is not abnormally high compared to other advanced countries. what actually matters is what you are investing in. the us after the prices in 2009 had a 10% deficit but invested that in areas that today is producing growth. it depends what you're doing. we need to leave it there. thank you, all. that's it for tonight, on the day of a budget speech heavy on gags and light on the traditional rabbits out of hats. it sort of reminded us of this. we use a new method altogether. here we go. a rabbit from a hat. new method.

chancellor phillip hammond tears into ‘huge spending sprees‘ before delivering the first post—brexitt on wednesday. president trump is urged to provide evidence supporting his claim that barack obama ordered to tap his phones during the election campaign. china decides to cut its growth target for this year — after its economy expands at its slowest pace in 26 years. remembering those who died on d—day a memorial is to be built in honour of the thousands of british soldiers and sailors killed on the normandy beaches. and in boxing, tony bellew, upsets the odds by beating david haye, in a thrilling heavyweight contest in london. good morning and welcome to bbc news. the chancellor, phillip hammond, has rounded on what he's described as "voices calling for massive borrowing to fund huge spending sprees". writing in the sunday times — before delivering the budget on wednesday — he has argued that although the economy has proven to be robust, there's still a need for fiscal discipline as the country prepares for brexit. with me now is our news correspondent susana mendonca. what is heard

the headlines at 11:00 — chancellor phillip hammond rejects calls for huge spending sprees in his firstudget on wednesday. as we embark on the journey that we will be taking over the next couple of years we are confident that we have enough gas in the tank to see us through thatjourney. the white house asks congress to investigate allegations barack obama ordered wire—taps on president trump during the election. the director of national intelligence at the time denies the claims. there was no wiretap activity mounted against the president elect at the time or as a candidate or against his campaign. french centre—right presidential candidate, francois fillon says he won't withdraw from the race, but admits to misjudgements in dealing with corruption allegations. also in the next hour we'll take a look at tomorrow's front pages in the papers. including the times which claims the chancellor is planning a raise tax in wednesday's budget — with the self employed and drinkers bearing the cost of extra help for social care and business. and in the film review — mark kermode gives us his verdic

philip hammond clearly remains...and is may have fallen out substantially, he did not wa nt fallen out substantially, he did not want to back down. —— theresa may. he thought they should stick with it. clearly, whilst it was a very unpopular move, especially with newspaper columnists, they might have thought of that! if there was an opposition worth the concept of an opposition worth the concept—of; opposition, he would be in a lot of trouble but he has got away with it, because of how uselessjeremy corbyn and mcdonald... i think his defence, theresa may thinks he has an air of competence that is lacking. there is still an argument for national insurance. idid still an argument for national insurance. i did not agree but there was an argument for it being. ,, a, a, ,. ,. . a- you should look at correct, you should look at realigning. but. don't ignore realigning. but you don't ignore your own manifesto commitments. no, i agree. do you think he feels, with what he sees... i think he will fill extremely let down. i thin

mr hammond is under huge pressure, no disguising that.fident they can pull this off. why? they acknowledge they made a bit of a hash of selling the policy yesterday. surely they can do better over the coming weeks and months. added to which group they think the fairness argument that those self—employed should pay the same tax as those who work for bosses, they think it will begin to gain traction. they are beginning to put stick about suggesting if tory mps don't like this tax rise they might not be able to get that £2 billion for social care. significantly, we are beginning to see tory backbenchers breaking cover to come out and defend the tax rise. among them conservative richard graham.“ them conservative richard graham.“ the changes weren't to go through for example, your fiscal position is not going to be as good. we respect the fact the chancellor has made some pretty tough decisions, a very sensible, steady as she goes budget. that's good for the country, living within our means, we assuring creditors so interest rates don't go up

philip hammond said during his speech, d riverless hammond said during his speech, driverless car isunning pictures to show you. this was taken this morning in pembrokeshire. look at that sunrise, spectacular. in derbyshire, a similar story. beautiful blue skies and for many that will be the weather today. if you're just stepping out, across the board it is mild. a bit more new pr across parts of the highlands. many of us will have sunny spells and it will be mild, regardless of what you currently have. at the moment there is some cloud around and showers and rain. you can see that pushing away. we have a weather front across the channel islands and cornwall and that will be with us for much of the day. that producing low cloud, dank, murky conditions. poor visibility at times as well. the cloud and the showers fade and we will see a lot of sunshine developed. very windy across parts of northern ireland, central and southern island and that will ease as we go through the day. into the afternoon you will see we hang the murky conditions for cornwall and the channel islands. sunny spel

mr hammond said hisjob was to ensure the economy was resilient.also warned the eu that britain will not slink off like a "wounded animal" if it does not secure the brexit deal it wants. our political correspondent, susana mendonca, reports. don't expect bundles of cash to pop out of his red box on wednesday. the chancellor is not planning to go on a spending spree. he is under pressure to put more money into the nhs, to plug the growing funding gap in social care for the elderly, and to help small firms deal with rising business rates. but he is batting off suggestions that there is a brexit war chest that he can dip into. if your bank increases your credit card limit, i don't think you feel obliged to go out and spend every last penny of it immediately. it depends on your temperament. i regard myjob as chancellor as making sure that our economy is resilient, that we have reserves in the tank so as we embark on the journey that we will be taking over the next couple of years, we are confident we have enough gas in the tank to see us through that j

something philip hammond had to acknowledge. he was not given much room for maneuver because in terms of the debt, he wants to keep to that target to balance the budget by the ninth parliamentary term beginning in 2020. to be reduceding by 23.5 billion pounds over the next five years. in terms of taxes, there were some concessions in terms of business rates, but there was a tax rise for the self-employed which has come under some criticism. a drop in the tax dividends. at the beginning of his speech, he summed it up like this. the deficit has come down. there were cuts to the deficit forecast. debt is still high. yes, employment is rising, productivity is still low. mark: we will see you in about 20 minutes. thank you. let's get more insight on brexit. the big ecb decision tomorrow. lou is here, senior investment manager at aberdeen management. great to see you. you are a bonds guy. it is exciting, isn't it? why aren't we getting more excited about the 10 year today? >> trying to be excited about the budget. that's remember the

my my voice went up when i said philip hammond predicts the uk economy will grow by 2%.s very exciting. actually, referring to the budget of course, it is exciting. normally budgets are absolute snooze —fest, but the exciting thing is looked at international papers, what does eve ryo ne international papers, what does everyone else make of the budget? the headline was brexit yet to impact group. it has been outstanding that we have this huge economic event going on, and yet british growth is set to continue. cani british growth is set to continue. can i say something, the event hasn't started. as you know, the market works on anticipation and expectation. it has already started. just look at the price... the pound rate. that's been part of the good news. i have a role with the department of international trade. we are so busy with exports and the reason is the pound is at 20 years — year reason is the pound is at 20 years —— year lows, so it has been great for the economy, in that it hasn't been nearly as bad as expected, if anything there has been a move upwards. the on

mr hammond has talked about fairness.nces between being employed directly by a company and being self employed 7 employed directly by a company and being self employed? per employed — pa rental leave, being self employed? per employed — parental leave, sick pay and holiday pgy- parental leave, sick pay and holiday pay. if you are self—employed you receive none of these rights. at present, an employed person on £25,000 per year would pay national insurance of £1970. for a self—employed person that falls to £1630. that will rise after this increase to over £1800. the gap has 110w increase to over £1800. the gap has now narrowed. any less than £16,000 for self—employed will be better off. 580 pounds per year will be earning more. the self-employed are not the only people facing a tax increase. katie runs a writing business. she takes dividends from her share in the company. the government is going to ask her and over a million investors in shares to pay more tax. people might think twice. this is the one budget and we have h

the chancellor, philip hammond, wa nts to the chancellor, philip hammond, wants to shore up a £27 billionce fund. in the telegraph, his plans to raise taxes could anger conservative mps who hoped for cuts. calls for mps to stop the lords forcing a final vote on a brexit deal after they voted to amend government plans this evening. a new procedure using tiny plastic beads could largely replace prostate surgery, beads could largely replace prostate surgery, in the mail. wikileaks on the guardian. the organisation claims it has leaked files showing the cia and mi5 hacked technology, including smart tvs. the leak is the worst security breach for western intelligence since the edward snowdon leaks in 2013. let's look at some of these front pages in detail now. the ft, hammond lines up brexit budget. i know you're on top of everything. you've been writing about this all day. brexit budget, that means he's saving money for potentially rainy days to come. yes, spread sheet phil as he is known amongst close friends. that's his moniker? yes. tomorrow he's been able to announce better news that he w

there will be no more changes in benefits, philip hammond has made that quite clear. but he announced that today. but the austerity measures, the cuts for disabled people and single parents, they will carry on. people and single parents, they will carry on. on to savings now, and robert has sent this question in. he says: what is the government doing to encourage people to save? we have now got so many different forms of acers i have lost count. i have to mention the savings allowa nce have to mention the savings allowance we still have if you are lucky to find somebody to give you enough interest to make use of it. we we re enough interest to make use of it. we were talking earlier about the absence lisa. it is a new lifetime isa. you can pay 2.2% over three years and you put in £2000 and after the end of three years you will have about an extra £200. the rate was announced today. it is good news for people who want to put away £3000 over three years. they must guarantee that. we must they are earning in a month and put in a little bit all the time. the last question

here in the uk the spotlight is fixed on the new taxes mr hammond is levying on the self employed.g, the outlook is more positive than many had expected, despite those slightly lower forecasts for growth in the years in which the uk will be negotiating its withdrawal. which is surely some embarrassment to the imf. they predicted a recession soon after a leave vote. i spoke to the managing director of the imf, christine lagarde, yesterday — here's what she had to say about brexit. the imf had been negative, pessimistic about the prospects for the british economy post if brexit were to take place. actually, it hasn't panned out like that, so far at least. are you revising your forecasts on the british economy now, post—brexit? we did revise injanuary, as we published the update to the world economic outlook. and we will be very attentive to the industrial activity results, to service activity results, to the way the sterling is behaving and so on and so forth. if we get something wrong, we are the first ones to admit. but as you said, let's watch. you don't think the imf did get it w

there were questions raised at the meeting tonight by senior conservatives to philip hammond, but i didn'there will be a huge rebellion on all of this, but they have, quite publicly about it, and i think the treasury will have a tough selling job when it comes to tory backbenchers. is there a sense overall that the conservatives feel they did a pretty good job with the public finances and how they're going to move forward with brexit looming? i'm sure they feel this is a safe budget. conservative mps are happy with what philip hammond is doing, but it is worth saying that he barely mentioned brexit. i think the one thing afterwards, when we spoke to treasury about it, there are spokesman, the chancellor's press secretary, was asked about this so—called war chest, £25 billion philip hammond might have by the end of this parliament, and a spokesman very tellingly said that he would not call it a war chest but a tank of fuel for a long journey. we know that despite the fact that brexit was not mentioned much today, it is coming down the track. it is uncertain, and some people still expect dum

the chancellor, phillip hammond, has dismissed as "reckless" calls for him to increase spending in his first budget on wednesday. we are paying over £50 billion a year just we are paying over £50 billion a yearjust on maintaining our debt. the white house demands that congress investigate whether barack 0bama ordered wire—taps on president trump before last year's election. a former director of national intelligence denies the claims. there was no wiretap activity mounted against the president elect at the time or as a candidate or against his campaign. the french centre—right presidential candidate, francois fillon says he won't withdraw his candidacy — but he admitted to misjudgements in dealing with allegations of corruption. the iraqi army says it's close to recapturing the main government building in western mosul from the so—called islamic state hugh jackman returns huthackman returns as wolverine. we will hear about the other cinema releases in the film and review. hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are the mirror columni

there isn't much cash in the cupboard for mr hammond to hand out.in the bbc newsroom with a summary of the rest of the day's news. lord heseltine has been sacked as a government adviser after rebelling in a vote over brexit. the former conservative deputy prime minister backed calls for a "meaningful" parliamentary vote on the final terms of withdrawal, inflicting a second defeat in the lords for the government. ministers say they'll seek to overturn the move when the bill returns to the commons. here's our political correspondent, chris mason. many of your lordships... just like ken clarke in the commons, lord heseltine was determined to remain vociferously pro—european after the referendum, just as before. it ensures that parliament has the critical role in determining the future that we will bequeath to generations of young people and i urge your lordships to support the amendment. but, hours later, he learned he had been fired from five government advisory roles. this is not myjudgement. this is the prime minister exercising her perfectly legiti

philip hammond's first proper budget and it is a brexit budget.uld have decided to spend and invest in infrastructure and he could have decided to cut spending and cut taxes to turbo—charge the economy, oi’ taxes to turbo—charge the economy, or he could do what he is doing, essentially create a nest egg to get the country through brexit if the fiscal situation is difficult so it is more about saving money with a bit of spending on technology and science. what this means is an actual tax rise, the treasury has declined to comment, but one option according to the financial times is raising the national insurance class paid by the self employed by 3p in the pound. if you bear in mind last year was a record year for start ups and many of those are self employed people, that is what has got us through the recession, people working for themselves. to punish those people with a tax rise, that seems extraordinary. very bad judgment. putting off entrepreneurs. yes, but enough self employed journalists, as well. laughter we know about how it works, but most

anything they can do to undermine hammond, they will. there was hammond, they will do.eople. we are trying to hire we are tried hire - we are tried to hire wearetriedto filarge , ~ — of money to foreign tell us how to do it. and to tell us howto'do'itta‘ndthe wing of the civil servants, they have included need | they have included need 30%i have included need 30% more included need 30% more incl servants they need 30% more civil servants weeks - brexit and we are still they need 30% more civil servants wei there. i brexit and we are still they need 30% more civil servants wei there. the exit and we are still they need 30% more civil servants wei there. the sunday we are still they need 30% more civil servants wei there. the sunday times, still they need 30% more civil servants wei there. the sunday times, how not there. theysggggy £252, gow - bylines have you got this many bylines have you got this week. the many bylines have you got this week the french page, tim? -- the just the two. front page. just the two. osborne crunna—z‘l front page. just the two. osborne esuess

so it's chancellor, philip hammond's, big day and the treasury released these images of mr hammond hardrk last night, putting the finishing touches to his speech before it's locked up in the red box. as expected, he's facing plenty of demands from the opposition to increase spending in quite a few ares — notably health and social care. this was labour's message. he's had increased tax receipts recently. so i'm not asking him to go out on a huge spending spree. i'm asking him to tackle the crisis that's here now. it's all well and good saying you're saving money for later in case there's a problem. there is a crisis in our nhs at the moment, there's a crisis in social care. he's got to do that. he's got top understand what people are going through. john mcdonnell there. he will talk to us again later. he will probably join us in the studio to give his response. laura, can i turn to you. the content of any budget is interesting. any budget is important but in such a turbulent and uncertain political time, really the context is — we have never seen anything like it. absolutely not. when ph

(lauren hammond - neighbor& fmr. city council member)"we watched them learn how to ride a bike, skateboard, roller skate up and down the street so losing them is very hurtful" hammond says the children attended john cabrillo elementary and sam brannan middle school. police say salvador vasquez-oliva is their primary suspecthammond never sensed he could be capable of such a heinous and disgusting crime... (lauren hammond - neighbor& fmr. city council member)"he should have done something else. i wont say what that is but the answer is never to kill your family."the california deparmtent of employment development says vasquz oliva worked for e-d--d since october 2012 as an office technician....beverly says vasquez also worked for e-d-d..and was in the process of splitting from her husband... but recently let him move back into their south land park home.beverly says shes still in denial about the fact this dedicated mother and her children....are gone."why the kids? why the babies? i just dont understand it and i cant

philip hammond announced there would be an increase in some classes of national insurance contributions prided themselves on being a party of low tax. yes, i always like to keep these things in context. you'll find this a thousand people voted in it, so one this a thousand people voted in it, so one in seven of them are already conservative. we should look at that, because it may not be a reflection of what the general populace is thinking. they say you only need to poll a thousand people and we know the proud record companies. i think even bigger samples than that. the subheading says almost half of the public say they are less likely to vote conservative and in the express you got them sent our 19 points ahead of labour, so who do you believe? it is and editing tonight, says she always packs the running order with the huge number of... i wasjust going to say that hidden in a telegraph story was an interesting point. it said philip hammond must first survive a plot to oust him which have been brewing amongst brexit types. so seizing on this unpopularity of his budget and trying to get

so where is philip hammond?ering and the jokes in the budget. then he was clobbered by usually friendly newspapers yesterday, and now this from a predecessor, on top of a number of conservative mps being unearthed by the plans. the government is repeating that it says these changes are about making the tax system fairer, but it says they will listen to criticism over the summer before they draft a new law in the autumn. tens of thousands of south koreans have come out onto the streets of the capital, seoul, after the country's president was removed from office, following a corruption scandal. supporters of park guen—hye clashed with police, leaving two people dead and dozens injured. her opponents celebrated into the night. steve evans reports from seoul on the political turmoil engulfing the country. amazing scenes outside court, as pro—park protesters clashed with police. 0fficers struggled in a tug of war to stop a bus being turned over. two protesters died. moments earlier, inside court, president park was s