Sunak's Spring Statement: 5 things you need to know
Chopper's Politics
The Telegraph
4.2 • 864 Ratings
🗓️ 23 March 2022
⏱️ 31 minutes
🧾️ Download transcript
Summary
Christopher Hope is joined by The Telegraph's Gordon Rayner and Juliet Samuel to discuss the ins and outs of the Spring Statement.
What are the big 5 takeaways from announcements, will it come close to helping households during a cost of living crisis, and what does it mean for Chancellor Rishi Sunak politically? All discussed within.
Read more from Gordon Rayner: https://www.telegraph.co.uk/authors/g/gk-go/gordon-rayner/ |
Read more from Juliet Samuel: https://www.telegraph.co.uk/authors/j/ju-jz/juliet-samuel/ |
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Transcript
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| 0:00.0 | Welcome to Chpper's politics. I'm Christopher Hope, the Telegraph Associate |
| 0:07.1 | editor, Chopper to my pals and today we're bringing you a bonus episode to |
| 0:11.6 | react to Chancellor Ritchie Sunak's Spring Statement. |
| 0:15.9 | Among other things, the Chancellor announced a 5P cut to fuel duty and unveiled an increase |
| 0:22.0 | in the National Insurance |
| 0:23.2 | Contribution threshold to help household coping |
| 0:26.7 | with a cost of living crisis. |
| 0:28.8 | From this July people will be able to earn 12,500 and 70 year without paying a single penny of income tax or |
| 0:37.6 | national insurance. |
| 0:39.8 | That is a 6 billion pound personal tax cut for 30 million people across the a $6 billion |
| 0:45.0 | personal tax cut for 30 million people across the United Kingdom. |
| 0:47.8 | A tax cut for employees worth over 330 pounds a year. So now that we've let Sunak's statement sink in for a few hours at least, |
| 0:58.7 | let's have a considered look at how today's announcements will affect our wallets. |
| 1:03.2 | Joining me to crunch numbers, our associate editor Gordon Rayna and columnist |
| 1:07.7 | Juliet Samuel. |
| 1:08.7 | And before we start, I should say that Juliet has sold you on despite fighting off the last |
| 1:14.7 | vestiges of a COVID virus bout. |
| 1:17.0 | Gordon Rayna, Juliet Samuel, welcome to Choppos Politics. A quick one, we're going to interpret and read and find out what |
| 1:25.2 | on earth this spring statement means with your five takeaways, your five things you need to know. |
| 1:31.1 | Gordon Rayna, the first one. |
| 1:33.0 | Well, just to summarize the top lines I guess we should do first, Chris. |
| 1:39.4 | So motorists, 5P, off a liter of petrol starting now up until March next year when it may or may not then go up. |
... |
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