he is you had liam halligan. he is the great guru, great prophet. you had liam halligan. prophet. you had liam halligan. he is the gre ki'iowsi, aboutt prophet. you had liam halligan. he is the gre ki'iowsi, about these het. you had liam halligan. he is the gre ki'iowsi, about these things. he knows all about these things. i know about them, but i don't know about them, but what we're hearing is that we're going a cut in national going to see a cut in national insurance. which of course, will help work and help people who are in work and under of under under the age of under pensionable doesn't do pensionable age doesn't do anything pensioners because anything for pensioners because they national they don't pay national insurance place. insurance in the first place. um, so that's what we're going to might a to see. and that might be a larger cut. therefore it might be as much as £0.02 national be as much as £0.02 off national insurance, national insurance, 2% off national insurance. and that seems to be what's being briefed. but i don't out chancellor don't rule out the c

liam halligan not them instead. liam halligan always . thanks for always a pleasure.show. there's joining us on the show. there's lots to between lots more still to come between now 4:00, and we'll cover now and 4:00, and we'll cover the news that millions of the big news that millions of women who to wait longer to women who had to wait longer to get pension could be get the state pension could be in line for some compensation. but first, it's for your but first, it's time for your latest headlines polly latest news headlines with polly middlehurst . middlehurst. >> the top stories this hour. middlehurst. >> the top stories this hour . as >> the top stories this hour. as you've been hearing, the bank of england has held the interest rate at 5.25. for the fifth time in a row. the bank governor, andrew bailey, saying the economy isn't yet at the point where rates can be lowered. but he said things are moving in the right direction. number 10 is said today that it's dealing with a migration emergency after a record number of asylum seekers crossed the english channel ye

here to break it down is our economics and business editor liam halligan on the editor liam halligan money. >> this was a relatively low key , unambitious fiscal announcement. it didn't feel to me like the last roll of the dice before a general election in may. it seems to me that the tories are still going to go for an election in october, or november. lower taxes mean higher growth, said chancellor jeremy hunt. and that means more prosperity, more money for our pubuc prosperity, more money for our public service. this is a budget for long terme growth. how are we going to get that growth going? well, the headline pre—announced. everyone knew it was coming a to p cuts in the headune was coming a to p cuts in the headline rate of national insurance from april to 8. when you combine that with the £0.02 cut in national insurance that was introduced in january from 12 to 10, the average worker in this country will be £900 a year better off. that is not to be sniffed at. another tax giveaway is the freeze in fuel duty. fuel duty on petrol and diesel will remain at 52.95 per litre, just l

liam an absolute liam halligan always an absolute j'oy liam halligan always an absolute joy in the studiotill to between lots more still to come between now and 5:00 and we'll be discussing. you proud to be discussing. are you proud to be british? are the british? and if not, are the political and the media political class and the media and the entire system in fact, are they to blame? but first, it's are they to blame? but first, wsfime are they to blame? but first, it's time for your latest news headunes it's time for your latest news headlines wenzler. headlines with sophia wenzler. >> thanks, martin. it's 431. i'm sophia wenzler your headlines. diane abbott, the mp at the centre of a growing racism row, has accused the speaker of the commons of not serving democracy after she wasn't called to speak in parliament. it's after the conservatives biggest donor, frank hester, allegedly said that the former labour mp made him want to hate all black women and that she should be shot at prime minister's questions today. sir keir starmer confronted sunak over the confronted rishi sunak over the

. >> so joining us now is our business economics editor, liam halligan.ate this glorious news. how good is it? >> it is good news. but let's be clear prices are still rising, but they're just rising at a slower pace. so during the year to january prices, the cpi, the index of all prices of goods and services was up 4% during the year to february. it was up 3.4. this is sharply down at the height of the cost of living crisis at the end of 2022. inflation was 11, so now it's 3.4, but it's still way above the bank of england's 2% target. a lot of people will think i don't see any easing of the cost of living crisis. the fine print, which we can talk about, shows that food prices are down, fuel prices are down, but still a lot of people are squeezed and i don't think this is enough for now. now for the bank of england to lower interest rates when it meets tomorrow. i think interest rates are going to stay at 5.25, at least for now . at least for now. >> what will it take to get interest rates down? >> what will it take to get intewell, ates down? >> what will

age in this country who are not in work . country who are not in work. >> okay, let's bring in liam halligandget yesterday, jeremy hunt specifically weaponised the fact that the labour party would be reliant upon migrant labour. and yet he kicks off by referencing the obr stats which have upgraded their own figures to show that actually we are reliant on migrant labour and that hasn't really been factored into the budget. who's in control ? control? >> well, we'll come on to who's in control in a moment because there is something to discuss about, you know, the obr , the about, you know, the obr, the bank of england, unelected people really pulling the economic levers. now, instead of elected politicians that are accountable to the electorate, which is how our system should work. but on migration, look, i've been , knocking around the i've been, knocking around the economics profession, such as it is for about 30 years, and the economic orthodoxy has always been certainly in this country, that migration is economically good. migration means you have more young people. migration means that th

labour deny that would happen. >> superb liam halligan. as evenl >> superb liam halligan.you very much. stuff. cheers. now much. great stuff. cheers. now still to come, would bid for still to come, would you bid for penny coronation dress? penny mordaunt coronation dress? well, for sale. but well, it's up for sale. but first in a gb news series innovation in britain, we're looking at the successes of british manufacturing around the country . country. >> today. we are at middlesex aerospace in basingstoke and i'm joined by lawrence fold, the owner of the business, and i want to find out, lawrence, why engineering is so important to uk. >> well, engineering and aerospace engineering in particular produces a whole series of very well paid, interesting jobs. >> um, the products that were made in this factory ultimately speaking, pretty much all go abroad . abroad. >> and, uh, even though they're integrated into systems in this country. >> but they'll wind up in airbus, boeing and other major aircraft facilities around the world. >> so exporting is really important. >> are we

liam halligan with on the money. liam halligan with on the money. what i've been heanng liam now, from what i've been hearing in the press anyway, these tax cuts are rather illusionary. it will be that perhaps we might get a tax cut somewhere, but then they'll pile on the taxes elsewhere. is that right? i think that's roughly right. >> i must say, tom, i'd be worried there for a moment. i thought i was, uh, i thought i was missing something. a budgefs was missing something. a budget's going on and i'm not even covering. >> know , let's have let's have >> i know, let's have let's have a little on the money. >> graphic and we can just go through these various points. safe to say, tom, that the first line of my on the money graphic is that the statement is on wednesday the march. so wednesday the 6th of march. so recalibrate your diary. uh, young man. but you're right, emily, uh, jeremy hunt is hinting and indeed , he just hinting and indeed, he just hinted there to our colleague , hinted there to our colleague, katherine forster. he may cut 1 or £0.02

liam halligan as ever, thank you for joining me in a moment. unbelievable.owing that up to 20% of police officers have simply had enough and are on the verge of jacking it in. what on earth has gone wrong? but more importantly, what can we do to try and prevent it ? a big survey of 7 a big survey of current serving police officers. showing that up to 20% of them are thinking about quitting the force and doing so within the next year or two. what on earth is going wrong ? the problem, of course, wrong? the problem, of course, is that those that go will be the experienced ones to be replaced by inexperienced ones . replaced by inexperienced ones. kevin hurley, former detective chief superintendent at the met police joins me from his home in surrey. kevin this figure is shocking , really alarming. shocking, really alarming. >> and nigel, i come from a family of nine metropolitan police officers. my own son resigned last year with 16 years service. as you said, a very experienced detective sergeant on the anti—terrorist squad. been on grenfell murder been on the

liam halligan with on the money. liam, welcome to the show. always an absolute pleasure.s, but not a lot of people would compare her to margaret thatcher. tell us what's going on in this announcement today. >> there's a little bit of media mischief going on here. martin look, the shadow chancellor isn't comparing herself to margaret thatcher. what she is doing is she's talking about the late 1970s, a period that you and i know well, late 1970s, a period that you and i know well , because and i know well, because basically britain, the economy was on its knees. it was the winter of discontent. you had rubbish in the streets, you had a huge amount of industrial strike action. and what rachel reevesis strike action. and what rachel reeves is going to do tonight in her annual mays lecture, this is a lecture given in the city of london at the mansion house. lots of finery and so on, usually by a big figure from business, economics or a city of london titan. every year, what she's going to be doing this evening is trying to convey the way that labour will be safe with the econo

liam halligan with on the money. liam, welcome to the show. always an absolute pleasure, mystic. would have thought if you tax the producers to the hilt, they'll simply wither away? and that's exactly what's happening, isn't it, liam? >> it is. and look for all the talk of net zero, for all the talk of net zero, for all the talk of net zero, for all the talk of renewables now accounting for 40% of our electricity, which they do when you take into consideration energy for transport as well. oil and gas still account for 70% of our energy requirements . 70% of our energy requirements. we use a lot less coal than we used to in generating electricity. we use less oil and gas than we used to in generating electricity, but it's still a hugely important part of our energy mix. and of course, until quite recently, the uk was a major exporter of oil and gas of the north sea. but in because of the north sea. but in recent years, north sea production has massively diminished and it's diminished even more. martin, since the government introduced taxation, heavy taxation on north sea oil and

liam halligan with on the money. liam is reeves the new thatcher?ow chancellor certainly interested in doing is attempting to reassure swing voters. if you like, people who are tribally unaligned, trying to reassure the business community that the labour party can be trusted with the public finances. she's really mimicking their what new labour did tony blair and gordon brown in the mid 90s before their election victory in 1997, and she's evoking 1979 because that was, of course, the time of the winter of discontent. you had a lot of industrial action. you had the number of people on strike action at a post—war high and under a labour government, the country pretty much collapsed in many ways. and then margaret thatcher came in and while there was an awful lot of pain, and some people felt that she divisive, the she was very divisive, the country certainly recovered through the 80s to become a faster growing, much more productive uk economy . i think productive uk economy. i think that's unanswerably true. what we're going to see this evening in the

gb news economics and business editor liam halligan . business editor liam halligan. y, drum roll. the laffer curve . what is the laffer curve? curve. what is the laffer curve? the laffer curve is an economic concept invented by by a us economist called art or arthur laffer , he was big in the sort laffer, he was big in the sort of reagan era in the 80s and 90s, and arthur laffer came up with the striking but very simple idea that some taxes, if you lower the tax rate, that means more people pay the tax because you change behaviour and tax revenue goes up. the laffer curve is usually thought of in the other direction . if you the other direction. if you raise tax rates, then people do less work and work very hard to avoid taxes . so you actually get avoid taxes. so you actually get less tax revenue . and the obr, less tax revenue. and the obr, the office for budget responsibility, has resisted the idea of the laffer curve for quite a long time. you know, people like liz truss, kwasi kwarteng, people on the right of the conservative party, john redwood, also former cabi

this is gb news economics and business editor liam halligan with on the money. 's tax cuts or die. surely can the chancellor of the exchequer pull a rabbit out of the hat ? a rabbit out of the hat? >> it's pretty clear, martin. there is now going to be a tax cut of sorts tomorrow. it's not going to be a cut in the headune going to be a cut in the headline rate of income tax . headline rate of income tax. it's going to be a cut another cut in headline rate of cut in the headline rate of national insurance. precisely as you and i were discussing on your show yesterday. now back in january, the chancellor cut the headune january, the chancellor cut the headline rate of national insurance from £0.12 in the pound to £0.10 in the pound. and i think tomorrow he's going to announce that's going down to £0.08 in the pound. those combined and cuts will give the average worker around a £900 boost in their annual take home pay- boost in their annual take home pay. the first cut came in from january. i think the second cut will come in from july. it's cheaper for as we discus

all editor, liam halligan liam. or 2 new things, wearing my sort of slightly cynical hat. years of experience , something that was almost half a sentence, which was doing a lot of work in terms of the government's sums, making the ledger add up was the chancellor mentioned that he's going to give a bit more money to hmrc to quotes, make sure that the tax thatis quotes, make sure that the tax that is owed is paid, i.e. clamping down on tax avoidance . clamping down on tax avoidance. yeah, £4.5 billion more. that's a huge amount of to money, assume hmrc is going to be able to summon up by chasing people that it believes owe more tax. that hasn't attracted much attention, but it's doing an awful lot of heavy lifting there. i also thought it was quite interesting how the chancellor philosophically said he almost hinted that if the tories stay in power, they're going to almost try and abolish national insurance altogether. yes, the double taxation of work is unfair. and, you know, i've been covering budgets for the thick

gb news economics and business editor mr liam halligan, how would you rate the importance of today? k it's quite make or break for the tories, though. that's how they're, spinning it because i think that the election will probably be in october, november. so they will have time for another what we call get this fiscal event , call get this fiscal event, maybe in september, we had a tax cut that came in in january, a cut that came in in january, a cut to national insurance of £0.02, the headline rate from 12 to £0.10 in the pound. that's now going to be cut to £0.08 in the pound. >> could i just say something matt . no one noticed it. >> could i just say something matt. no one noticed it. no one noficed matt. no one noticed it. no one noticed that tax cut. and i think this is the thing with people. they think he's done this before. he's doing it again. and you know, to get £400, you'd spend it in a saturday night . saturday night. >> i think that's true. i think for a lot of households, £450 is pretty meaningful. the chancellor trying to double chancellor is trying to double that today

liam halligan , our indeed. liam halligan, our business and economics editor there. that a there. also worth noting that a lot will be. yeah, lot of people will be. yeah, quite happy. lots journalists quite happy. lots of journalists as interest as well want to see interest rates go down. got big rates go down. they've got big mortgages, people mortgages, but some people watching will be quite happy with are. yeah. with where they are. yeah. >> to come. 1 in 5 >> well still to come. 1 in 5 muslim prisoners are now white, according to new data. that's not because they've changed colour. because new people colour. it's because new people are converting within prisons . are converting within prisons. now, is this signs of, there are some concerns that there are signs of radicalisation in prisons. we'll get much more on that after your news headlines. >> it's 133. that after your news headlines. >> it's133. i'm sophia wenzler in the gb newsroom. keir starmer says the prime minister has the sword of damocles hanging over him. speaking during pmqs, the labour leader critic

well, join me now is our economics and business editor, liam halligan with on the money reporter. ing rosy for pensioners yesterday when it came out in the liaison committee. that triple lock would be protected . triple lock would be protected. now, however, they may have to wait longer to get it in the future . future. >> i think it's inevitable that pension age is go up. >> martin. >> martin. >> as longevity goes up, as life expectancy goes up, because of course, if you raise the state pension age from 65 to 68, it costs less. given that people live longer to pay that basic state pension, it seems unfair. i don't think it will happen soon. i think it will happen gradually. that's certainly we've had the equalisation, haven't we, of pension ages between women and men from 60 to 65. happened gradually . 65. that's happened gradually. and some women have found themselves caught out by that change, so this is a controversial area . let's have controversial area. let's have a look at some of the basic numbers when it comes to the state pension . in april 2023, state pension. in april

liam halligan there at the liam liam halligan there at the bank of england where he will be bringing at some the show by looking at some of the things us this show by looking at some of the things that us this show by looking at some of the things that leo us this show by looking at some of the things that leo varadkarthis show by looking at some of the things that leo varadkar debate morning that leo varadkar debate we had earlier about. really interesting. i thought that was one of the most interesting parts the show today. and parts of the show today. and what doubt hours. what was no doubt 2.5 hours. very interesting, he tim has got in touch to say leo varadkar he got it wrong again. the view of the public in ireland is the opposite of establishment. opposite of the establishment. yeah, what is wrong yeah, varadkar is what is wrong with establishment and karol with the establishment and karol said ireland has its own values and mindset. they've been badly let down by varadkar. it's wonderful that gone. wonderful that he's gone. i don't the vote was don't think the vote was entire

it's running at 5.25% here. >> to break it down, it's gb news business and economics editor liam halligan of time now to have a look at some of gauge some of the reaction to this decision from the bank of england. what are people who know about these types of things saying what's your analysis as well ? well? >> yeah, i've just hotfooted it back from the bank of england , back from the bank of england, crossed london, been looking at the . no surprise. the reaction. no surprise. emily. pretty much everyone expected the bank of england to keep interest rates at 5.25. they've been there since august last year. it's a 16 year high, but there is quite a bit of surprise, as we discussed in the immediate moments after we learned about the decision. there's some surprise that the bank of england's nine strong monetary policy committee voted so overwhelmingly to keep rates on hold 8 to 1. i think it was expected that maybe it would be more of a fine cut decision. maybe, you know, 6 to 3 or even 5 to 4. and if the bank of england's voting now 8 to 1 to hold interest rates, that means an interest r

liam, you've been liam halligan. ying this for absolutely. captain. captain. you've been you've been promoted . you've you've been promoted. you've been saying this forever and a day , to be dependent on on day, to be dependent on on national security . see, you need national security. see, you need to be dependent on energy security , and yet at the same security, and yet at the same time, we seem to have these draconian net zero targets allied to punishing windfall taxes on gas production. never the twain shall meet, rishi finally saying we need more gas. >> well, before russia invaded ukraine in february 2022. martin, i must say, energy security, energy policy. it was one of the nerdiest subjects in terms of the sort of things i talk about on television. energy policy is very complicated. our energy mix is very complicated. what's important, though, is that at the turn of the century, 30 odd percent of our electricity came from coal fired power stations . now it's less power stations. now it's less than 2. renewabl

liam halligan. us. halligan. starts >> i admire anyone who starts a business. a lot business. takes a lot of gumption, it? gumption, doesn't it? >> rishi sunak's >> and actually, rishi sunak's mum well, there mum female founder. well, there you speaks the you go. that speaks from the heart though. >> you know it would be nice. nice that one. nice to rishi on that one. coming kate has been coming up princess kate has been spotted say rumours. spotted shopping so say rumours. but we haven't seen photos but we haven't seen any photos yet. this mark the end yet. but could this mark the end of weeks health of endless weeks of health speculation ? >> 7- >> good ? >> good afternoon. 7 >> good afternoon. britain. it's 10 to 2. and princess catherine. sightings are amongst the headunes sightings are amongst the headlines again today. yes >> news has spread that the princess of wales has been spotted out and about on a weekend visit to a farm shop with prince william and the children. but where are the photos, tom? yeah th

when >> where's liam halligan when you need him? and wrong. that's spokesperson wrong. that's how spokesperson for the prime minister has branded the comments made by major conservative donor about the mp, diane abbott. she's the first black woman elected to parliament. >> while the comments from frank hester, a large donor to the conservative party, told a meeting that diane abbott should be shot and that she made him want to hate all black women, he has since apologised for his language, apparently , he's the language, apparently, he's the biggest ever donor to the conservative party. >> yeah , this is in the lack of >> yeah, this is in the lack of immediate condemnation of his remarks, which are now causing the prime minister a bit of a headache. let's find out just how big that headache is. james price joins us now . political price joins us now. political commentator. what do you think, james, maybe not the biggest ever headache in the long to do list of britain's woes . although list of britain's woes. although it's great to h

com i'm joined by gb news economics and business editor liam halligan. the funny things budgets, aren't they? because you know what gets said in the hour and six minutes as it was. and then the small print the analysis time to think it through . if this was designed to through. if this was designed to be the big tax cutting budget, the agenda changing budget, i mean, i would argue it seems to have bombed budgets. >> they're like a window onto the soul of the politician or the soul of the politician or the senior politicians controlling them . and this very controlling them. and this very much is a double act. obviously, the prime minister was recently the prime minister was recently the chancellor, and this is very much a number 10 and number 11 efforts. this was by no means a pre—election budget. it was lacking in definition. it was lacking in definition. it was lacking in definition. it was lacking in courage . i would say lacking in courage. i would say it strikes me that jeremy hunt is a very low key politician who should really have gone into bat ag

. >> well, joining us now is liam halligan gb news, economics and business editor with on the money andole federal deal . whole federal deal. >> well, the us very, very rarely signs trade deals with anyone. the european union as a whole has been trying to sign a trade deal with the us, basically since the european union began decades ago, and they've never managed to pull it off the uk now it's outside. the european union can negotiate its own trade deals. of course, that was seen as a major upside of leaving the european union. but what trade? as trade minister, business secretary kemi badenoch, following on from liz truss before her, they've been signing trade deals with individual american states or memorandums of understanding, which is like a sort of junior trade deal. but the numbers are still very, very big. texas has an economy of £1.9 billion. it's only slightly smaller than the whole uk economy. and of course, it's just one american state. the uk economy is 2.2 trillion. that's 2200 billion. this is big money. the uk does. it already does about £20 billion worth of trade with

well, liam halligan will join me shortly with on the money to give us the full rundown on martin daubney>> brand new sundays from 6 pm. >> the neil oliver show. >> the neil oliver show. >> it's absolutely vital that people are given the opportunity to take part in the debate. >> to say the things that matter to them, to be challenged. a country is only really a shared dream. as long as enough people have a shared idea of what it is, then that country exists . is, then that country exists. >> what gb news does is give voices somewhere they can be heard. >> the needle of a show sundays from 6 pm. on. >> the needle of a show sundays from 6 pm. on . gb news. from 6 pm. on. gb news. >> welcome back. 437 is your time. i'm martin daubney and this is gb news. now, later in the show, i'll tell you how gb news has helped to raise thousands of pounds for a splendid charity trying to build a tribute to some second world war heroes. marvellous stuff . war heroes. marvellous stuff. now retail sales flatlined in february after extremely wet weather put off shoppers from heading out to the high street.

and that's what in turn is driving politics. >> liam halligan he he knows his stuff inside out now.had some this morning. that's why you look uguer morning. that's why you look uglier you did 8:00 this morning. >> this might be. >> this might be. >> that's a good one. so it says. >> it says you look less attractive when you eat carbs for your breakfast. >> but there's >> yeah, but there's a difference, between you difference, carol, between you are extraordinaire. difference, carol, between you are know, extraordinaire. difference, carol, between you are know, differenceaire. difference, carol, between you are know, difference between you know, the difference between less uglier. less attractive and uglier. and you went straight for uglier. >> normally i normally have >> i normally i normally have for my breakfast a banana and a yoghurt some raisins. today yoghurt and some raisins. today you all of that. gave me you had all of that. she gave me a roseanne. a cake. roseanne. >> that's you have . >> that's what you have. >> that's what you have. >> to make me ugly, >> she wants to mak

okay. >> thank you liam liam halligan there. it for today there.afternoon britain with tom and emily. we will see you tomorrow. see you then . you tomorrow. see you then. >> blackouts across the country. that's the warning of the prime minister and the energy secretary. unless we change course on energy policy, they're proposing new gas fired power stations. but there's already resistance from the environmental lobby . environmental lobby. >> and the church of england is very much coming under fire at the home affairs committee. former darlington priest has claimed a fixer who claimed there was a fixer who brought asylum seekers to be bapfised brought asylum seekers to be baptised , some of whom had baptised, some of whom had already failed their first asylum claim. we'll get the very latest after the weather. >> looks like things are heating up. boxt boilers sponsors of weather on gb news. >> hello. very good day to you . >> hello. very good day to you. >> hello. very good day to you. >> welcome to your latest gb news weather update from the met of

and joining us now to give us that figure is liam halligan in the studio.p . bigger than expected drop. >> yeah this is a drop from inflation was 4% in january. that means between during that means that between during the year to january prices rose 4. that's double the bank of england's 2% target. that headune england's 2% target. that headline inflation number, isabel, is now down to 3.4, a little bit lower than expected. that's a two and a half year low. so prices are still going up. but during the year to february they went up by 3.4. what does this mean. well off the bat it means that when the bank of england's monetary policy committee meets tomorrow, the nine economists there who set interest rates, they're more likely now to lower interest rates from where they currently are, 5.25. but i still don't think they're likely enough . i think they're likely enough. i still think interest rates tomorrow will be held at 5.25, but this number definitely bfings but this number definitely brings forward the day when those interest rates will start to fall. >> a

halligan with on the money. liam, welcome to the show. always an absolute pleasure. is for an eternity. britain should be energy sovereign. we import £19.6 billion worth of gas every single year. yet we're sat on our own resources. surely, liam, at last. this is some common sense . sense. >> very interesting. martin that rishi sunak is in scotland . the rishi sunak is in scotland. the conservatives, of course, choosing to hold their spring conference north of the border there used to be an old joke among party wags at westminster that there were more pandas in scotland than there were tory mps , because glasgow zoo had mps, because glasgow zoo had a couple of pandas from from china . there are now seven tory mps, seven of the 59 mps who sit at westminster for constituencies in scotland, separate from the scottish parliament, of course, and labour only have two mps in scotland . labour for much of our scotland. labour for much of our life, martin has dominated scottish politics, but not now, but with the snp very much not falling out of favour, but certainly facing lot

well, our economics and business editor, liam halligan has all the details. io. he's in our westminster studio. liam, i right? if you're liam, am i right? if you're a lot of people now, i bought my first. i was very lucky when i was 21. these days people are lucky if they can afford to buy a house sometimes when they're 3540. so this age limit could be problematic . problematic. >> i agree, i was surprised when i saw this from the halifax. >> you know the halifax tends to has a has a reputation. it was obviously founded as a mutual rather than a bank, a building society back in the day. it has a reputation for being very customer friendly , a bit less, customer friendly, a bit less, hard nosed , if you like, than hard nosed, if you like, than many other commercial lenders. but i agree with you, andrew. when you have so many youngsters struggling to get on the housing ladden struggling to get on the housing ladder, an age limit on a mortgage does , you know, put the mortgage does, you know, put the squeeze on, i mean, back in the mid 90s when i bought my first

well, joining us now is gb news economics and business editor liam halligan with on the money . iam, welcome to the show. always an absolute pleasure . yeah. happy monday to pleasure. yeah. happy monday to you.so pleasure. yeah. happy monday to you. so rishi sunak is out and about sending out some very, very positive messages. what's your take. >> happy monday to you too martin. look, when politicians start talking about how much they respect and want to help small businesses, you know there's an election coming up quite soon because small business owners, people at work, at businesses , they tend at small businesses, they tend to be swing voters. they tend to be non—ideological , very be non—ideological, very pragmatic, practical, hard working who will vote for working people who will vote for anyone who who they believe is going to make the economy better and going to make their small business better . we have a business work better. we have a tremendous number small tremendous number of small businesses country . businesses in this country. let's have a look with some of the s

liam halligan. he's got the latest . the latest. >> it is budget day. the chancellor will be up on his hind legs at the commons despatch box at 1230. we know some tax cuts are coming. will they be enough? and can the chancellor pull a rabbit out of his budget hat? or is the rabbit dead ? dead? >> big wins for donald trump and joe biden in their super tuesday election contest. it looks almost certain that the pair will go head to head again in november. let's hear it from that man, trump. >> the poll numbers are so much higher than joe biden's. he's the worst president in the history of our country. there's never been anything like what's happening to our country. >> goldsmith guns for meghan, the princess of wales uncle, tells big brother housemates that meghan markle creates drama to rewrite history. just have a listen when they were a threesome. >> so kate, william and harry, they look really comfortable together. love. and then suddenly there's an extra dynamic that comes in, puts a stick in the spokes , and creates stick in the spokes, and creates s

well, joining me now to discuss this is the peerless liam halligan gb news, economics and business editoroney. liam, always an absolute pleasure. my old turn to have you on the show. finally. it seems reality bites and what we've been saying for many , many we've been saying for many, many moons. liam, when we need power the most in the winter, when the wind is low and the sun is low, we simply cannot rely on renewables. hence we need to rely on gas. tell us more , martin. >> it's worth saying before we beat ourselves up with guilt, that the uk's energy mix, you know, how we generate our electricity has been absolutely transformed in the last 20 years. there's almost no country in the world where the shift has been so significant that at the turn of the century, we were producing about a third of our electricity using coal. the dirtiest of all the carbon fossil fuels. we now use coal for about 1% of our electricity , for about 1% of our electricity, maybe 2. on bad days. we use renewables for about 40% of our electricity . martin, which again electricity. martin, which again is one of the

. >> well, let's get more with liam halligan now. n the money . liam, here's with on the money. liam, here's the fundamental point about renewables. in most cases, they're not reliable . they're not reliable. >> look, the uk has completely transformed its energy mix where we get our electricity from over the last couple of decades, as recently as the turn of the century. so 2003, 4 or 5, we were still using coal fired power stations for 30. sometimes 40% of our electricity. that number is now 1 or 2% at most renewables . on the other hand, renewables. on the other hand, are some days up at 30 or 40% of our electricity mix . the trouble our electricity mix. the trouble is, tom and emily, as the prime minister has pointed out, and it's good to see some realism now in this net zero debate. renewables only work when the wind is blowing and or the sun is shining , wind is blowing and or the sun is shining, and it's very hard to store energy battery technology just isn't there yet. and so when renewables aren't working and often in the uk,

liam halligan will explain everything for us now with on the money . through what are the sort of tax measures that are being rumoured to be in this budget? are we finally going to see some tax cuts? >> i think we are, tom. >> i think we are, tom. >> they're not going to be as substantial as maybe the chancellor , jeremy hunt, would chancellor, jeremy hunt, would have a few months ago. have wanted a few months ago. but there seems to be less fiscal headroom, less wiggle room in the public finances to cut taxes. >> but he is still going to go ahead with a headline cut in taxation . and the rumour mill is taxation. and the rumour mill is going gangbusters. and it's pretty clear to me i'd say that what the chancellor is going to do tomorrow is going to cut the headune do tomorrow is going to cut the headline rate, not of income tax, national insurance tax, but of national insurance by £0.02 in the pound that already fell national insurance in january from 12,12 already fell national insurance in january from 12, 12 in the pound to £0.10 in the pound . uh,

but was saying but liam halligan was saying earlier gdp earlier today, our gdp per capha earlier todaycapita has shrunk the last six quarters. that doesn't sound great. because they're great. you know, because they're always oh, gdp always spinning it like, oh, gdp is capita is is amazing. but per capita is what tends to matter for living standards as an individual. >> question is can >> the important question is can we on brexit? because i we blame it on brexit? because i think want to think that's what people want to do, isn't it? >> i blame immigration just it's like for me. like a blanket policy for me. it's heuristic. just like a blanket policy for me. it's it heuristic. just like a blanket policy for me. it's it for heuristic. just like a blanket policy for me. it's it for absolutelyc. just everything. >> we blame whatever >> we just blame whatever our bugbear. yeah. >> other people blame >> whereas other people blame it all on brexit. >> it could just be that >> i mean, it could just be that we shut down the for we shut down the economy for a couple years. couple of years. >> me

i mean, this idea, i think i heard liam halligan that why is halligan say today that why is wealth onceay today that why is wetaxed once and income halligan say today that why is wetaxed twice. once and income halligan say today that why is wetaxed twice. so ice and income halligan say today that why is wetaxed twice. so yeah, d income halligan say today that why is wetaxed twice. so yeah, they ome is taxed twice. so yeah, they should get rid it. but yeah should get rid of it. but yeah it's a year. yeah. it's like £450 a year. yeah. it's not, it's not, not that i'm against did some funny against that. he did some funny jokes rayner . jokes about angela rayner. that's always good. and her second homes and stuff. she's easy why not. easy to mock. yeah. why not. >> but the thing is that £900 will each year with will be saving each year with the 2% the two cent thingy will probably on booze and weed probably spend on booze and weed because we're so depressed. >> there that broke . >> well, there is that broke. but to what extent, though, is this the this just teeing up for the election know

. >> well, let's get the latest from our economics and business editor liam halligan. government have now confirmed that they are planning to outlaw foreign ownership newspapers . foreign ownership of newspapers. >> pretty much, ellie, i should say at the outset, i've written a column for the telegraph for the thick end of 20 years. crikey where did that go? and i also regularly for the also write regularly for the spectator . now, what happened in spectator. now, what happened in the lords yesterday is that peers were debating the ownership, foreign ownership ownership, the foreign ownership of newspapers, and there's a groundswell of opinion, not just among people in the upper house, but also right across the house of commons. hundreds of mps have registered their concerns about the potential takeover of the telegraph and the spectator by a consortium backed by the government of the united arab emirates. of course, a wealthy oil nation in the middle east. this has been going on for many months. it happened because the barclay brothers , their holding barclay brothers

liam halligan joins us now from the city of london. good morning to you, liam.o hold today. >> we are i'm afraid a lot of people with mortgages and personal loans want to see interest rates fall. on the other hand, a lot of people who live on their savings want to see interest rates stay where they are or even go up because rates for so long have been less than the rate of inflation, which means that the return on your savings is negative . look, your savings is negative. look, the bank of england is meeting in the building behind me, the nine members of the monetary policy committee, they're looking at a raft of data from the uk and across the world. as you rightly say, we had a figure out yesterday , inflation during out yesterday, inflation during the year to february fell from 4% in january to 3.4. that's quite a sharp fall. but it is still well above the bank of england's 2% target. and i can't see those nine members of the mpc voting. five of them have to vote for a rate cut for it to happen. i can't see that happening today. i'm afraid we'll know at noon.

liam halligan. do you think he's the man that's going to pull together the red wall for you guys?tirely, the idea of having working class candidates will turn the red wall turquoise, not blue. and yet many of our candidates are working class. we are the people's party of this country. we're going to give this country back to its citizens. we're going to stand to the woke going to stand up to the woke establishment. and people like leigh i say, say it how it leigh as i say, say it how it is. and that's what the silent majority hear. majority want to hear. >> okay. >> okay. >> and andrew, as chris opened the here with martin, the studio here with martin, is your reform you your problem now? reform you don't know where voters live. you're basically a social media campaign man with a couple of high profile politicians leading it , many high profile politicians leading it, many people high profile politicians leading it , many people haven't heard of it, many people haven't heard of us. we're polling quite high. irrespective of that , i'm irrespective of that, i'm campaigning hard in d

if you listen to the excellent liam halligan. he explained this brilliantly.p in when there's no wind, and this costs a fortune. and has put bills up for everyone. but honestly, i do think the tide is turning. public opinion is changing. look at what happened in uxbridge with sadiq khan's ridiculous policy . he, you ridiculous ulez policy. he, you know, the by—election was was a huge backlash . and we're still huge backlash. and we're still going to need oil and gas for the next two decades. that's true, as we need it to prop up renewables as well, isn't it? >> yeah. no no no, stop, renewables as well, isn't it? >> yeah. no no no, stop , lee >> yeah. no no no, stop, lee brilliantly said. as ever, lee, thank you so much. and also, of course, david barber in watford. those are my great british voices lovely to hear their thoughts. what yours? thoughts. what are yours? stay tuned. supplement next. good afternoon. welcome this is gb news. i'm nana akua. it's time now for supplement sunday. where my panel and i discuss some of the news stories that caught their eye