What tax cut will Hunt deliver tomorrow?
Coffee House Shots
The Spectator
4.4 • 2.2K Ratings
🗓️ 5 March 2024
⏱️ 14 minutes
🧾️ Download transcript
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Transcript
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| 0:00.0 | This episode is sponsored by Canacord Genuity Wealth Management, |
| 0:03.6 | Experience Wealth Managers who go above and beyond to guide and support you. |
| 0:08.0 | Can-do is more than just an attitude. |
| 0:10.0 | It's navigating today for a brighter tomorrow. |
| 0:13.3 | Visit can do wealth.com. |
| 0:15.2 | Hello and welcome to coffeehouse shots, |
| 0:20.9 | the Spectators Daily Politics Podcast. |
| 0:23.0 | I'm Kate Andrews and I'm joined by Isabel Harmon and James Heel. |
| 0:26.0 | Isabelle, there's been a lot of debate today about what kind of tax cut we're getting in tomorrow's budget. |
| 0:32.0 | There's going to be something |
| 0:33.7 | but is it going to be linked to national insurance? Is it going to be linked to |
| 0:37.3 | income tax? What are your thoughts? Well, the latest suggestions and as we've said a lot on this podcast, I think it's been remarkable even by recent standards, how many suggestions we've had broadcast in real time |
| 0:56.8 | really coming out of the Treasury and Downing Street as to what's going to be in this budget. |
| 0:59.9 | But the latest suggestion is that Jeremy Hunt will indeed cut national insurance by two percentage points and that this will be worth an average of 450 pounds. |
| 1:12.4 | Obviously lots more for some people I think he may. of and when combined with the 2% point cut that was announced in the autumn statement. |
| 1:23.7 | So it's a giveaway. |
| 1:26.4 | As you've written, Kate, it's not that much of a giveaway in the long term. it's also a decision that will have a knock on impact on |
| 1:38.3 | public spending particularly when it comes to local authorities I think there's going to be a big focus on council waste in this |
| 1:47.8 | budget with a repeated insistence that council should be scrapping their diversity plans, which I think falls into the category of things we have definitely heard before. |
| 1:59.0 | And it's sort of becoming the... There's the magic money tree and this is definitely part of it but then there's also the magic policy tree from which politicians can pluck any number of I'd say, overly mature, possibly slightly rotten fruits, such as council diversity plans. |
| 2:18.8 | A favourite a few years ago was giving local people priority on council housing waiting lists. |
| 2:23.9 | Chris Grayling when he was a minister used to every six months announce |
... |
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