i don't disagree with jeremy hunt from _ hunt from 2022?t, but sometimes, let me say this, the country sees through gimmicks and we are not going to do gimmicks on wednesday. it's going to be a budget for responsible, long—term growth. when it comes to labour, this is an election year and people will see a contrast. we have a plan for growth that has seen us grow faster than any large european economy. hang on, jeremy hunt, _ any large european economy. hang on, jeremy hunt, we — any large european economy. hang on, jeremy hunt, we are _ any large european economy. hang on, jeremy hunt, we are speaking - any large european economy. hang on, jeremy hunt, we are speaking to - jeremy hunt, we are speaking to labour later in the programme. rachel reeves will be here next week so we are not discussing labour's economic policy. you so we are not discussing labour's economic policy-— economic policy. you mentioned labour's economic _ economic policy. you mentioned labour's economic policy. - economic policy. you mentioned labour's economic policy.

jeremy hunt, thank you for asking. to number for asking. thank you. 11 downing street. thank you. thank you. >> jeremy was talking >> well, jeremy hunt was talking to editor, chris to our political editor, chris hoban. to our political editor, chris hoban . he now in the hoban. he joins me now in the studio. chris, great interview and well done for pulling him up on muslim war memorial. it's on the muslim war memorial. it's really, really divided people. >> wasn't explained, >> well, it wasn't explained, was it's the first thing was it? so it's the first thing he out on the budget he came out with on the budget yesterday and everyone's watching. then wasn't watching. and then it wasn't really what meant, really explaining what he meant, what he'd in the autumn what he'd done in the autumn statement given £7 million statement was given £7 million to the holocaust educational trust, this almost kind of trust, and this almost kind of balance that. so he's trying to do for the muslim do something for the muslim community. and did say he did com

and i asked jeremy hunt about susan's excellent question!ould say to people like susan is we're certainly not, what we're actually trying to do is things that help families up and down the country. so one of the things we did that helped the fall in inflation was the energy price guarantee, which paid for half of people's energy bills. but also because we have the energy price cap has meant that prices have not risen as fast as they might. but you talk about living standards — what has actually happened since 2010, they've gone up in real terms by about £1,700 for the average family. but, obviously, when you have a pandemic and an energy crisis, they are going to take a hit. what was encouraging was that the office for budget responsibility, completely independent from the government, said that we are going to recover to pre—pandemic living. next year, two years earlier than they originally thought. so, although we are not out of the woods yet, people are feeling a lot of pressure. we can see that now inflation has come down — living standar

since jeremy hunt . but it raise £1.5 billion. since jeremy hunt.f the taxation is so high that the oil and gas companies just cancel projects altogether. there's a lot of anger about this in scotland, where oil and gas industry is centred, and indeed the leader of the scottish conservatives has already said he will vote against this aspect of his own government's budget . it's government's budget. it's another way to raise money. the chancellor hopes to clamp down on non—dom tax . foreigners who on non—dom tax. foreigners who reside in the uk and they don't pay reside in the uk and they don't pay so much tax on their foreign income that non—dom tax status is going to be abolished from april 2025. the tories very much stealing labour clothes. the opposition have been saying they want to do this for some time. it's an increase also on duty on non economy airfares. that is business and first class. two more measures aimed at the wealthy trying to raise money not to spend on more on public spending, says the tories. but to deliver tax cuts. that is the

there isjeremy there is jeremy hunt there isjeremy hunt with his treasury team gathering in the traditional box, inside which is his budget, which he will unveil shortly in the house of commons. could today be a repeat of last year's autumn statement? i'm going to go further and cut the main rate of employee national insurance by two percentage points, from 12% to 10%. another 2p cut in national insurance is widely expected today — but could there be more? but with money tight — in the midst of a recession — those giveaways are likely to be paid for by spending cuts

jeremy hunt coming out from number 11, you can see here, jeremy hunt and the treasury team. s the box big enough? _ any rabbits in there? is the box big enough? ls— any rabbits in there? is the box big enou~h? , ,., any rabbits in there? is the box big enou~h? , ., ., ,., enough? is the box going to win you the election. — enough? is the box going to win you the election, chancellor? _ jeremy hunt knocking to be let back into number11. facing jeremy hunt knocking to be let back into number 11. facing a number of questions about what is on the red box, that red box historically contains the budget document that will have been presented first at the cabinet this morning who met at downing street and nowjeremy hunt will be preparing to go to parliament within the next hour before prime minister's questions, before prime minister's questions, before the budget, and then he is on at 12.30. lots forjeremy hunt. lots of speculation about what elsewhere going to hearjeremy hunt in the budget. there we go, jeremy hunt getting into his car. heading up to parliament to prepare for the a

and jeremy hunt refused.ks very unlikely to increase the income tax threshold , as lots of tax threshold, as lots of conservative mps have pointed out to me , whatever you do, out to me, whatever you do, fiddling around the edges, tweaking with one income tax here, two metres national insurance there, if you don't change those income tax thresholds which have now been frozen at four years against a backdrop of inflation rising very , very quickly indeed, then very, very quickly indeed, then everyone will be worse off. even if you are cutting taxes here and there a little bit, they will be worse off than they would have been otherwise. so i think it'll be really interesting to see how conservative mps react to that this afternoon. i've spoken to mps the the party mps on the right of the party who say that if in private, that if jeremy hunt do that, if jeremy hunt doesn't do that, then finished and it looks then he is finished and it looks like he's not going to do it. so i think we can expect quite a lot of co

jeremy hunt's the papers obviously are trying to to put in jeremy hunt's the papers obviously are tryingto to put in the�*my hunt's the papers obviously are trying to to put in the budget.:'s the papers obviously are trying to to put in the budget. he going to put in the budget. he does interviews. he's done going to put in the budget. he doeswith interviews. he's done going to put in the budget. he doeswith the |terviews. he's done going to put in the budget. he doeswith the sunday;. he's done going to put in the budget. he doeswith the sunday telegraph e one with the sunday telegraph talking about going war on talking about going to war on whitehall fair enough. whitehall waste. fair enough. but quite but don't you find it quite funny does these rounds funny that he does these rounds and people say, what's in the budget then? and goes, no, budget then? and he goes, no, i'm i can't tell you. i'm sorry, i can't tell you. >> and what's the point? why do we dance every we go through this dance every twice now? isn't so, twice a year now? isn't it? so, um, very, difficult for um, very, very

but jeremy hunt never shows that up . jeremy hunt never shows that up.ing . he's so bland, he's so boring. he's so bland, he's so boring. he's the worst sort of election. election sneering chancellor. the tories could have. at this stage, it does seem like the political whether it's political class, whether it's this current conservative party which isn't really which many think isn't really conservative at all, and conservative at all, at all, and labour have forgotten that the way you tackle inequality and deliver social justice is through economic growth , is through economic growth, is through economic growth, is through national income . through national income. >> what about labour then? you wrote a cracking book about jeremy corbyn. the book is called a dangerous hero corbyn's ruthless plot for power. sir keir starmer is pretty ruthless too . what kind of prime minister too. what kind of prime minister do you think he'll make? >> i don't think he's ruthless at all. i think he's a third rate lawyer who just mouths an opinion and then quickly revers

he's talthe jeremy hunt. me, your budgets when billions. r budgets when billions. he's talthe way. um,( hunt. me, your budgets when billions. he's talthe way. um, tired t. me, your budgets when billions. he's talthe way. um, tired of me, your budgets when billions. he's talthe way. um, tired of funding by the way. um, tired of funding your budgets when billions have been air been wasted on rwanda, air france, crossings france, boat crossings and hotels migrants? a hotels for migrants? exactly. a lot people think the same. lot of people think the same. um, steve says, what's an interesting one? i thought about this should have at this one. we should have at least until least road tax suspended until they agree to repair the bit of a naughty word. potholes not a fan of potholes ? um, is anyone fan of potholes? um, is anyone but yeah, it's got a point. and what roads all over the country. uh, meanwhile , caz says, um. oh, uh, meanwhile, caz says, um. oh, interesting . we should link tax interesting. we should link tax thresholds to benefits if

jeremy hunt turns life.back to the dog, that's what you do. it. not on this do. you open it. but not on this occasion. and playing it back for you. mainly because i do find it quite so hilarious. you can see stood there and then can see he stood there and then he had to knock. he had to knock on door. i mean, i bet on the door. i mean, i bet someone in trouble for that. someone got in trouble for that. i can tell you. anyway. look, apparently lower taxes mean higher growth. that was one of the that jeremy hunt was the things that jeremy hunt was trying out today. trying to point out today. but in of of these key in terms of some of these key metrics, then, we knew, didn't we, national there we, national insurance, there was conversations about was lots of conversations about whether that was going whether or not that was going to be, not. well, be, the £0.02 cut or not. well, we know, yes, that's going we now know, yes, that's going to there was lots of to happen. there was lots of rumours about whether not

jeremy hunt with an empty hat. no rabbit . in jeremy hunt with an empty hat. no rabbit.y okay the hat forjeremy hunt. okay all right, look, those are all your front pages. you will no doubt by now be sick of the budget. all right. joining budget. all right. here, joining me again is my press pack editor at large mail on sunday, charlotte griffiths, businessman and activist and and activist adam brooks. and author rebecca author and journalist rebecca reid. has the former bbc reid. now has the former bbc presenter maitlis met her presenter emily maitlis met her match. take a look at this encounter with republican vice president contender marjorie taylor greene over stateside. >> you tell me why so many people that support donald trump love conspiracy theories, including yourself . including yourself. >> he seems to attract lots of conspiracy theorists. >> well, let me tell you, you're a conspiracy theorist. and the left the media spreads more left and the media spreads more conspiracy theories. we like the truth. we like supporting our constitution, our freedoms, and amer

same thing over and over again an<jeremy hunt had two tasks? so jeremy hunt had two tasks here. markets, not to do a liz truss and kwasi and to win and kwasi kwarteng and to win back voters . he's managed back some voters. he's managed the i think it remains to the first. i think it remains to be seen whether he's managed the second and liam arrow emerging over the oil and gas industry, specifically with the windfall tax. >> indeed, just to respond slightly, momentarily to olivia, hunts would push back his people, would push back and say the reason the first cut in national insurance hasn't registered yet is because we've only had it in one pay packet. it came in in january, most people haven't been paid for february yet, so that's why it hasn't registered ? because it's hasn't registered? because it's only just come in, though. i agree with you completely. it is small beans and it is offset by the ongoing increase in personal taxation because those thresholds that we speak about all the time have been frozen. crikey. i've been in economics broadcast for a quarter of a century.

but but let's just get to jeremy hunt's. what faisal islam calls jeremy hunt's origin story.and by simply being jeremy hunt in a pair of trousers, calmed the financial market before he'd ever done anything. so we were reminded jested by faisal islam thatjeremy hunt has to borrow gordon brown's prudent statement, because that was how it all began for him. yeah, absolutely. and look, most chancellors most of the time are saying that they're being prudent people. in fact, even if they're spending money and giving money away, they're probably saying they're doing it prudently, which again, is what he was doing. kwasi kwarteng has told us that he was just wrong. kwasi kwarteng is the one exception who, even after they'd done the car crash mini budget on friday afternoon in september, back in 2022, then went out and the markets had already started responding negatively on that friday afternoon, then went out, in fact was on your show... on the sunday when the markets were closed, but the tv studios were not told them there was more cuts to come. and in a surprise move, the markets

chancellor jeremy hunt — enough to cut rates. chancellor jeremy hunt will— enough to cut rates.y hunt will unhealthy government budget left today and they are expecting tax cuts. the economics editor reports. inflation is falling back from its energy shock highs towards the bank of england targets. on the other hand, a little tricky to talk about 20 points when the economy has just started shaking at the end of last year. you can see it as a shallow recession but one nonetheless. but the bank of england is holding up immediate rate cuts. the other numbers across the whole economy but does it feel like a turning point in people �*s homes? one new lens is looking at failed direct debit. people running out of cash in their own bank accounts. injanuary, 190 accounts. in january, 190 direct accounts. injanuary, 190 direct debits failed, the high since data collected from four years ago. broken down into energy and mortgage direct debit, you get the same pattern of a peak and failed direct debit very recently. these bills alone together averaging an extra £310 per month on four years

what could jeremy hunt or week.remy hunt or what you, what questions what have you, what questions have what have you, what questions havwell, like to know what what have you, what questions havvgoing like to know what what have you, what questions havvgoing to ike to know what what have you, what questions havvgoing to do to know what what have you, what questions havvgoing to do forknow what what have you, what questions havvgoing to do for smeswhat what have you, what questions havvgoing to do for smeswh the he's going to do for smes in the budget. i've never known such a hostile business environment as the one we're living in at the moment . and basically, i'm moment. and basically, i'm hoping that he's going to give us some sort of relief from the terrible troubles that we've had, but i doubt whether we're going to get that. >> okay. and andrew, you're part of the british independent retailers what retailers association. so what kind questions have you got kind of questions have you got for chancellor and for,

jeremy hunt's strategy was today, poppy? jeremy hunt's strategy was today, po - ?ck that box i that had remained and ticked so far which _ that had remained and ticked so far which was _ that had remained and ticked so far which was to prove the conservative party— which was to prove the conservative party can _ which was to prove the conservative party can be — which was to prove the conservative party can be tax—cutting. but we are in danger— party can be tax—cutting. but we are in danger of— party can be tax—cutting. but we are in danger of not seeing the tree for the word, _ in danger of not seeing the tree for the word, the environment and landscape _ the word, the environment and landscape is dreadful. in and of itself, — landscape is dreadful. in and of itself, this— landscape is dreadful. in and of itself, this budget was well executed, it had a theme, he did make _ executed, it had a theme, he did make a _ executed, it had a theme, he did make a lot — executed, it had a theme, he did make a lot out of very little wiggle room _ make a lot out of very little

a lot of what we had actually from jeremy hunt had been previewed, had been failed.and, actually, and to what was announced by mr hunt back in the autumn, this was a bit less of the big bang in terms of the measures announced. so, yes, the context is of course that this is going to be the last budget major announcement, really, in terms of what could be actually introduced in the coming months before the general election. but the headline remains that this court to national insurance, 2p, thatis court to national insurance, 2p, that is a big offerfrom court to national insurance, 2p, that is a big offer from jeremy hunt to those people that are in work. tax cut he said will put maroney backin tax cut he said will put maroney back in their pockets. we also think this will be a great generating measure, the keeping he is promising. he said we have come through tough times as an economy and the neo—conservatives of status through tricky patch. we are turning a corner. not turned, because clearly there is a lot of work to be done. this is not the economic context thatjer

we've talked about the proposals put forward by jeremy hunt. thus this lot don't hunt. thus far.hat impressed, seem to be all that impressed, how would you assess today's budget, i got the memo . sticking budget, i got the memo. sticking to the plan. don't want to go back to square one. yes, we've ticked many of the boxes . growth ticked many of the boxes. growth is up slightly better than germany. better than france, better than italy. >> i thought we were in recession , but it's still up and recession, but it's still up and inflation is down. i mean, you're right, you're right. actually, in one way, you're right. we are doing better than france and germany and italy, and brexit clearly hasn't damaged us. but but being better than those basket cases isn't that good of itself, is it really. and there is more to do. >> but i think in this particular neck of the woods we are quite unique . for example, are quite unique. for example, the national average wage is 31,000. here it's 49,000. and we are in a particularly strong nuclear economy, which really holds us in a strong place. so

later today, we will be speaking with jeremy hunt the chancellor. conversation this evening right here on bloomberg tv. plenty more coming up, stay with us. this is bloomberg. ♪ >> the messaging from the apple cases of course is don't do this. stop what you're doing. don't put anything in place that would have the same effect. we've seen illegal abuse that's been ongoing for a number of years which has made it virtually impossible for customers to choose if they want the payment service in -- by apple. or they would want to go for instance to a website and have a cheaper subscription price and that consumer choice has not been enabled. >> this is gong be the focus coming into effect on thursday. what is the thing that needs to be immediately addressed? >> thursday compliance day. reports will have to be filed. what have we done as a get a keeper to comply? then we have a number of work shops. one on each gatekeeper to say, does it work? and then, of course, if we had a suspicion that there is noncompliance, we will open case and we will open cases b

by jeremy hunt.ho are in the upper income bracket at that had our child benefit taken away from us and that has now been reinstated. threshold used to cap out at 60,000. it's now gone up to 80,000. so midway through jeremy hunt, i silenced the television and i rang up the r.a.m.c. hmrc and i'm going to be £170 richer a month . and i be £170 richer a month. and i have to say two things one, no, it won't make me vote for you. and two, do i look like i am the most needy cause in broken britain today ? britain today? >> but you got through to hmrc so public 30 minutes 40 minutes waiting. >> do you know what? >> do you know what? >> what a miserable life you lead. you get given 170 a month, you know and even then you're not happy with it. the truth about the matter is , if we if about the matter is, if we if 400 billion went out on covid, we've never we've never recovered from that 400 billion. if we handed out 400 billion today, one of the things that would definitely happen is that national insurance co

r , jeremy hunt tells us that yes, jeremy hunt tells us that we're going to cut back on funding for all sorts of diversity and inclusion managers. but haven't we heard all of this before? and of course , in america it is super course, in america it is super tuesday. it looks like trump and biden are going to win. but we talked to a top american pollster . how are talked to a top american pollster. how are things looking ahead of the november fifth general election? but before all of that, let's get the news with polly middlehurst . polly middlehurst. >> nigel, thank you. and good evening to you. well, our top story tonight is that tomorrow the chancellor will unveil the new budget and it's being rumoured he could announce a £0.02 in the pound cut to national insurance contributions. jeremy hunt is aiming to put the uk's economy and rishi sunak's popularity back on the road to recovery. that's despite the fiscal watchdog giving the government little scope for tax cuts. analysts are saying the nhs could be facing real terms. funding cuts of £2 billion annually amid rising costs and a prom

i'm jeremy hunt the newsroom.surance won't happen any time soon. around £10 billion has been spent on a £0.02 cut to the insurance rate, but it benefits are likely to be cancelled out by an expected rise in council tax. the non—dom tax status has also been scrapped , meaning that wealthy scrapped, meaning that wealthy foreign residents will no longer get a tax break. shadow financial secretary to the treasury james murray accused the chancellor of pinching his policies . policies. >> well, look, the conservatives position on the non—dom tax is the most almighty u—turn. you know, it's a humiliating u—turn. i've been the shadow financial secretary for a few years now, and i've had minister after minister come to in explain why it's a wrong policy. it doesn't add up. they can't possibly support it. it would be bad for our economy and so on. and then they just nick it lock, stock and barrel. so really it's a humiliating the humiliating u—turn for the conservatives this conservatives to announce this policy . and we're

jeremy hunt says the measures have been paid for by putting up taxes on business class flights, vapingmoking, but the office for budget responsibility warns the government could find it hard to balance the books. here's the chancellor talking to the bbc this morning. what i did yesterday was show how we are growing the economy, how our plan is working. and we are doing that partly because we are bringing down taxes. and the big divide in british politics, we've had to put up taxes, of course, because we wanted to support families in the pandemic and through the cost of living crisis. do we want those taxes to stay high? what conservatives say, is we look around the world and we see the economies that are growing the fastest, in north america, asia, are ones with lower taxes, the shadow chancellor rachel reeves told the bbc that jeremy hunt needs to explain "where the money is going to come from". we need to be getting people back to work. that means getting our nhs waiting lists down, it means more targeted support. it means reforming the apprenticeship levies so businesses can get the

will you accept another of jeremy hunt's - accept another of jeremy hunt's measures, accept another ofjeremytting capital gains tax on second homes sales? the government say they would elect to encourage people to sell up, to provide more homes for other people. will universe that if you are not in power? if will universe that if you are not in ower? , ., will universe that if you are not in ower? l, will universe that if you are not in ower? ,, ., power? if you look at the way the avr have costed _ power? if you look at the way the avr have costed that, _ power? if you look at the way the avr have costed that, they - power? if you look at the way the avr have costed that, they say . power? if you look at the way the i avr have costed that, they say that it brings in revenue. i'm not going to undo a measure that will end up costing taxpayers. so to undo a measure that will end up costing taxpayers.— costing taxpayers. so you will acce -t costing taxpayers. so you will accept that- _ costing taxpayers. so you will accept that. when _ costing taxpayers. so you will accept that. when it - costi

chancellorjeremy chancellor jeremy hunt there. bbc breakfast thatjeremy hunt needs to explain "where the money is going to come from". we need to get people back to work. there are 700,000 more people due to be on sickness benefits, and that of course is a huge cost to the economy, with the benefits paid out. but also a huge loss in terms of what they could be contributing. so we need to be getting people back to work. that means getting our nhs waiting lists down, it means more targeted support. it means reforming the apprenticeship levies so businesses can get the workers with the skills they need to give young people the chance to build a career and build their skills. we need to be investing alongside business in the jobs and the industries of the future, in towns and cities around the uk, in industries like carbon capture, gigafactories for electric vehicles, floating offshore wind. huge potential, and yet it's not being realised today. and if we can grow our economy, we can get taxes down, and despite the tax cuts yesterday,

i'm jeremy hunt.surance that as he prepares to set out britain's budget tomorrow, the chancellor will attempt to put the uk's economy back on track and revive rishi sunak's polling. despite the fiscal watchdog giving the government little headroom for tax cuts. but analysts suggest the nhs could be facing real time funding cuts of £2 billion amid rising costs and a promise to tackle waiting lists . liberal to tackle waiting lists. liberal democrat leader sir ed davey says the rising cost of living ought to be the priority . ought to be the priority. >> truth is, the conservatives increased taxes, any tax cuts will really be a deception and a swindle on the british people because the vast majority of people are paying much higher taxes, thinks the conservatives what democrats want to see in the budget tomorrow is an end to the budget tomorrow is an end to the cuts in the nhs . we're about the cuts in the nhs. we're about to see the worst cuts in the nhs since the 1970s, and the choice at the next elect

i'm referring jeremy hunt's referring to, jeremy hunt's office.g office. the words, i'll actually bring it up on the screen. he's just had graffitied, over the windows and the doors . i'll show windows and the doors. i'll show you it now. di tory scum . i you it now. di tory scum. i mean, i just, i just, i you it now. di tory scum. i mean, i just, ijust, i look you it now. di tory scum. i mean, i just, i just, i look at mean, ijust, ijust, i look at that and i just think , what? that and i just think, what? like i said, what kind of moron kind of does that , andy, when kind of does that, andy, when you see that, what do you think to it ? to it? >> well, it's disgusting, isn't it? really. you know, any threat of violence against a mp is obviously dreadful, i think it's really quite troubling that the house of commons and kind of whoever looks after mp security, i guess that would be the met police haven't done anything. you know, we've seen over the last few years. jo cox, sir, david amess, even, you know, the recent incident with mike freer, he ha

jeremy hunt did what all chancellors do, accentuating the positives. much talk about how the economy had turned the corner. he was keen to point out that taxes ve been cut by 900 pounds for the average worker since his autumn statement last year. but he forgot to mention the freeze on tax thresholds for the next three years will sap much of the spending power out of the economy. moody's today said the announcement of pre-election tax cuts well intending straight plans will perpetuate the u.k.'s fiscal challenges. the labor leader defined it in much stronger terms. >> over 14 years we have seen our fair share of dilution from the party opposite, a prime minister who think the cost-of-living crisis is starting to ease. an education secretary who thinks concrete crumbling on our children deserves her gratitude. a former prime minister who still believes crashing the pound was the right path for britain. and today, a new entry into this hall of infamy, the chancellor who bruises into this chamber in a recession, and tells the working people of this country

that's after jeremy hunt exited number afterjeremy hunt exited number 11.e worker £450 a year. but the chancellor may have trouble convincing his critics with experts warning that it won't be enough to stop the tax burden reaching record levels by the end of the decade. the resolution foundation says those earning £50,000 will see the wins , whilst those the biggest wins, whilst those earning 19,000 or less will actually be worse . off. in the actually be worse. off. in the united states, nikki haley will reportedly drop out of the race to become the republican candidate for president . the candidate for president. the former governor of south carolina managed to prevent donald trump from securing a clean sweep on super tuesday , clean sweep on super tuesday, but that wasn't enough to stop his momentum. a rematch between mr trump and joe biden now looks increasingly likely. however, the former president's various legal troubles may complicate his path to the nomination. he's facing 91 criminal charges across four cases. the mother of across four cases. the

jeremy hunt suggested tax cuts. it seems income tax cuts will be harder to achieve.assessment in terms of the tax story? lizzie: jeremy hunt's watchwords were responsibility, which is a huge change from january. this is the opposite of january, a side i'd to the tory back benches that maybe you will not get what you are hoping for, but a nod to the ball and market. you are correct in that there seems to be a debate between whether they extend cuts or knock off income tax and it is a source of conflict between prime minister and chancellor. prime minister is worried about inflation, seems to think it is necessary to cut income tax to win the election. if you look back to autumn, they cut personal in business taxes, it barely moved the dial and people feel poorer because the tax take has increased. tom: the other thing is a scrapping of tax status. how likely is that? lizzie: when we are in technical recession, the chancellor will have to reach down the back of the sofa to pay for a giveaway like national insurance or income tax. one thing floated is extending the wind

over this, everyone understands stability is the most important thing and so there's very little jeremy huntg and so there's very littlejeremy hunt can do this week and anything that he is likely to do will be accused of being irresponsible.— likely to do will be accused of being irresponsible. let's talk about what — being irresponsible. let's talk about what has _ being irresponsible. let's talk about what has changed - being irresponsible. let's talk about what has changed as i being irresponsible. let's talk i about what has changed as well. since the last time he stood at the dispatch box with various ideas about the economy. inflation has come down significantly, however the economy has gone into recession at the end of last year. talk us through the changes and what that means in terms of how much money the chancellor has to play with and how that has changed in recent months? when we started the _ changed in recent months? when we started the period _ changed in recent months? wren we started the period beginning with autumn than it was very little had they expected. i was at the bac

jeremy hunt is facing calls from some for more money in defence or housing. others want tax cuts.r was giving little away as he arrived this morning, but he did give this hint. i do want, where it's possible to do so responsibly, to move towards a lower tax economy. and i hope to show a path in that direction. but this will be a prudent and responsible budget for long—term growth. something he is thinking about is nicking labour's idea to raise money by scrapping the non—doms tax exemption for people who live in the uk but whose main home is abroad. but that could be awkward. you said, "these are foreigners who could live easily in ireland, france, portugal or spain. they all have these schemes. i would rather they stayed - here and spent their money here". do you want to take that back? let me say this. the country sees through gimmicks, and we are not going to do gimmicks on wednesday. jeremy hunt is under enormous pressure from his own mp to deliver tangible tax cuts, ones that people feel in their pockets. many conservative backbenchers see this week, when the chancellor steps

i don't know why they put jeremy hunt on that slide. hunt on that slide. it was jeremy 0. harris, but we will edit that out right before we get stuck into the debate. here's what else is coming up today with the great british debate. hour. i'm asking, debate. this hour. i'm asking, have lost faith in the have you lost faith in the government spending taxpayers ? government spending taxpayers? in fact, our money the chancellor , under growing chancellor, under growing pressure from the party, is looking to reduce the tax burden, but he insists that he'll only cut taxes in a responsible and sustainable way. so with all eyes on jeremy hunt, but not not obviously, the jeremy that was in the thing ahead of this week's budget. i want to know whether you trust him with the taxpayers money. stay tuned at 450 as world view will cross live to los angeles to paul duddridge, host to speak to paul duddridge, host of the politics people podcast, to latest on the us to get the latest on the us election on the menu. as president trump moves closer to s

, the broader argument jeremy hunt _ this now? , the broader argument jeremy hunt was _ this now?ned or is turning a corner and that is probably what cabinet ministers like victoria atkins in public service departments are trying to do. it would be absurd for them to pretend everything is hunky—dory but if they can say these are things that are happening soon and they are a sign things are getting better and the hard gears were not wasted —— hard years were not wasted, stick to the plan, that is a delicate political argument that is like victoria atkins are trying to make. if they can pull it off perhaps they can pull back some public support. the tories pull rating is not bad at the moment, it is historically dire. the risk is that people think the rhetoric and language they use is so absurdly at odds with their experience of public services. that is the thing _ experience of public services. that is the thing that _ experience of public services. that is the thing that is _ experience of public services. that is the thing that is really tricky and the reality that the nhs still

they will get rishi sunak and jeremy hunt... for a | sunak and jeremy hunt...uck to a plan, things are really improving on inflation, on real wages, household disposable income. these are incredibly positive and it's so important we stick to plan rather than go back to square one with labour at.— with labour at. tricky to say it's a turnini with labour at. tricky to say it's a turning point— with labour at. tricky to say it's a turning point when _ with labour at. tricky to say it's a turning point when the _ with labour at. tricky to say it's a turning point when the ons i with labour at. tricky to say it's a turning point when the ons so i with labour at. tricky to say it's a | turning point when the ons so we with labour at. tricky to say it's a i turning point when the ons so we are in recession — turning point when the ons so we are in recession. you turning point when the ons so we are in recession-— in recession. you will also know that the bank _ in recession. you will also know that the bank of _ in recession. you will also know that the bank of englan

through all of what to expect to hear from jeremy hunt tomorrow.are riaht, hear from jeremy hunt tomorrow. 7m, are right, politics played a bigger part than usual in this budget. what the conservatives have decided their political priority is, is to cut taxes, cut personal taxes. taxation is as high at the moment, and there has been pressure certainly from across conservative backbenchers for tax cuts to be made. interestingly we are used to hearing different groups of conservative backbenchers calling for different things and this seems to be one thing that pretty much unites all the different factions, they want to see personal taxes go down. there has been speculation thatjeremy hunt could choose to take money from income tax or he could choose to take money from national insurance, which is a slightly cheaper option for the government, but they are worried they did that in the autumn statement when he took 2p off national insurance but i think the worry in government is doing that rather than income tax would have as much of an impact. the back

, um, destroying jeremy hunt's, um, budget essentially . budget essentially. >> and they're relying abr , the office for budget abr, the office for budget responsibility, which has an absolutely terrible record of making forecasts. so you're setting fiscal rules, which you then judge on the basis of people who couldn't make a forecast to save their life ? forecast to save their life? >> well, their record of forecasts is poor, but it's worse than that because they don't model the effects on growth of things like the marginal tax rates you were talking about earlier. those destroy growth and they don't cost very much. but you know, nor do nor did corporation tax costs very much . but it's very costs very much. but it's very important for growth . and so important for growth. and so instead of modelling the, the, the what we know from research, which is that these lower tax rates bring in growth, which then solves the fiscal problem , then solves the fiscal problem, they don't model it at all. they regard growth as completely like manna from heaven. that they can't model well. >> mode

what has jeremy hunt what hasjeremy hunt been seen? what has jeremy hunt been seen? dget, the chancellor was talking up the prospect of a big tax cuts, he compared himself to nigel lawson and this was supposed to be a big moment for the conservative government, part of their big offer to voters ahead of the general election. all that has changed, largely because the treasury has less money to play with if it is to stick within the rules it sets itself to manage the economy. jeremy hunt is enabled of a bind, conservative mps are putting pressure on him to cut taxes, on the other hand ministers saying begging the chancellor for more money as has the chancellor for more money as has the housing secretary for this is whatjeremy hunt said this morning. we've always said, we have been very consistent, that we would only cut taxes in a way that was responsible, prudent, and, if i may say, i think the most un—conservative thing i could do would be to cut taxes by increasing borrowing. because that's just cutting taxes and saying that future generations have to pick up the tax

tax cuts but all the indications are that this is going to be a more limited budget that perhaps jeremy hunty farley. if you watching in the uk, we will have more of that interview that love can is they did withjeremy hunt a little later in this hour. —— more of that interview that laura kuenssberg date. final vote counting is taking place following iran's parliamentary elections. unofficial figures put the turnout at about a0 % — which would be the lowest since the islamic revolution in 1979. iran's rulers had been pressing for high participation to help repair the regime's reputation, after nearly two years of protests sparked by the death in custody of the young woman, mahsa amini. 0ur correspondent caroline davies — who is in tehran — told us more about the turnout. the result of friday's elections are still not announced but, interestingly, some of the state newspapers here in iran had some of their own figures about turnout. these are all unofficial early indications of figures. but here it says that they believe that there's been a a1% turnout across iran. and here in the capital tehr

the historical evidence is mixed in the end, though , as jeremy hunt the end, though, as jeremy hunts tend to grow faster, which means they tend to have more revenue to use on pubuc have more revenue to use on public services . it's about public services. it's about getting from to here there and the amount you've got to borrow to get there. but look , tomorrow to get there. but look, tomorrow isn't really about public spending. that's more in the spending. that's more in the spending review. we'd expect that in the autumn. but we do know, don't we, that 7.6 million people are still on nhs waiting lists for elective measures. that's a only slightly down from the record high. we know also that in 2025, rate nhs spending is set to fall. if you add in inflation, it's going to fall by over 1. that's one of the biggest drops, according to the ifs in real post inflation, nhs spending since the 1970s and beyond, the nhs , a story that beyond, the nhs, a story that we've been covering here on gb news, a very, very important story. and i know the chancellor is going to talk about it tomorrow.

while earlier jeremy hunt told rise in council tax. le earlierjeremy hunt told gb news 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 goneis >> 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 accept the status quo. if you make difficult decisions , if you stick to our decisions, if you stick to our plan for the economy, that's seen inflation falling and growth starting to rise, we can bnng growth starting to rise, we can bring down the tax burden . bring down the tax burden. >> the uk tonight has pledged a further £125 million of military support to ukraine. in another major move against putin's invasion. here's our home and security editor mark white, with more on what that announc

jeremy hunt says a huge salary.remy hunt says it doesn't go far, not as not as far as people would think, at least in his surrey constituency . amid higher house prices and the rising cost living , the the rising cost of living, the average home now costs around eight times the average income. it was half that in the 1990s. the chancellor told camilla tominey. lower taxes will make a difference to average house pnces difference to average house prices in that part of the world. >> £670,000 if you've got a mortgage, if you're paying child care, what looks like a very high salary doesn't go as far as you might think it would. if you look at the average salary in this country, £35,000, they have been feeling the pinch. and those people will see their tax bills go down by £900 this year. if you look at people on an even lower salary, the lowest legally payable salary, the national living wage, because i've increased that to £11.44, they will see if they're working full time. their income go up by £1,800 as well. >> labo