Скачать с ютуб ‘This is nothing to brag about’ – how Labour’s first Budget will crush growth в хорошем качестве

‘This is nothing to brag about’ – how Labour’s first Budget will crush growth

Michael Gove, Kate Andrews and Katy Balls discuss Labour's first Budget in 14 years, after Rachel Reeves announces £40 billion worth of tax rises. The headlines include: an increase in employers’ National Insurance contributions from April to 15 per cent, raising £25 billion; that the freeze on income tax and National Insurance thresholds will not be extended past 2028; that the lower rate of capital gains tax will be raised from 10 per cent to 18 per cent, and the higher rate from 20 per cent to 24 per cent; that fuel duty will remain frozen for the next two years; and the introduction of VAT on private school fees from January. The Chancellor didn’t want to surprise anyone with this Budget. She didn’t want to shock the markets, nor did she want any accusation that she had played fast and loose with the public finances. Still, that won’t make today’s fiscal event any less memorable – or painful. Will these measures lead to any meaningful growth? // SUBSCRIBE TO THE SPECTATOR Get 12 issues for £12, plus a free £20 John Lewis/Waitrose voucher https://www.spectator.co.uk/tvoffer // FREE PODCASTS FROM THE SPECTATOR Hear more from The Spectator's journalists on their podcasts, covering everything from the politics of the UK, US and China, to religion, literature, lifestyle and more. https://www.spectator.co.uk/podcasts/ // FOLLOW US   / spectator     / officialspectator     / the-spectator     / spectator1828     / thespectatormagazine