Budget 2021: Looking ahead to Chancellor Sunak’s March announcement - BBC Newsnight
This year's Budget will be one of the most closely watched in a generation - coming amid the pandemic and its massive economic fallout. But what can be expect to be announced? Please subscribe HERE bit.ly/1rbfUog
The Treasury has said "the Budget will set out the next phase of the plan to tackle the virus and protect jobs".
The chancellor is under pressure to address two main issues:
* Whether the UK will begin paying off the huge debts which have been built up during the pandemic
* How the government intends to provide support to those hardest hit by the economic fallout
READ MORE: www.bbc.co.uk/news/business-5...
Newsnight Political Editor Nick Watt reports.
#BBC #BBCNews #Newsnight
Newsnight is the BBC's flagship news and current affairs TV programme - with analysis, debate, exclusives, and robust interviews.
Website: www.bbc.co.uk/newsnight
Twitter: / bbcnewsnight
Facebook: / bbcnewsnight
*THE RICH STAY RICH BY SPENDING LIKE THE POOR AND INVESTING WITHOUT STOPPING THEN THE POOR STAY POOR BY SPENDING LIKE THE RICH YET NOT INVESTING LIKE THE RICH. As we invest for the common good and God’s glory, may whatever we invest yield success to us in almighty God's name.*
Amen
Most people remain poor only because friends and relatives discouraged and advised them against investing and trading forex while the wise ones kept investing and going higher financially
Amin
@@chesterdylan7582 Hello,I’m new to forex trade and i have been making huge losses but i recently see alot of people earning from it.Can someone pleas tell me what I’m doing wrong
Amen
Make Rishi pay. The guys got 400 million pounds in his personal bank account.
Don’t really get this point? Why are you attacking a chancellor for being successful in finance? Surely that’s a good thing?
Don't hate. Take your money offshore.
@@asb358 if he’s trying to make me pay more tax he can pay it with his many millions not me with my few pence
@@asb358 How do you miss the point? He's making decisions that won't affect him but will affect the rest of us. Don't worry, he'll be fine
@@asb358 People love to blame and complain, it makes them feel less worthless for their own failures :)
Gosh what wisdom to predict we are heading towards a financial crisis, so glad we have the Etonian boys to state the bleeding obvious to us, for something they created.
Raising Taxes? How about making redundancies in government and your wasteful spending
Short answer YES
Long answer YYYYYEEESSSSSSSSS
Yea
they need to Tax the churches and big companies , like Virgin , Amazon ,Google and other biggies , but what will happen is that they will announce cuts and tax the middle class
.kzhead.info/sun/o6twmq97p2d4mqc/bejne.html
Evil Church of England destroying our communities with their: 1) construction 2) over-population 3) eco-system-destroying and 4) covid-spreading busines models.
Don't pretend you're middle class
Don't tax anyone
At the beginning of this pandemic, the banks said " you bailed us out in the recession, now it's our turn to bail the people out " That turned out to be b.s.
LoL you believed that ? offcourse they don't they are bankers.. they didn't became a banker if they wanted to do goods ... they are bankers cause they want to make more money so they can gamble. like all gamble addicts it is all about me meself and I .
I find it interesting they shut the interview down the moment austerity and cuts to the nhs was mentioned...
Rushanara Ali talks about the tax rates after WW2 7:35 but after the war a manager probably earned around 15 times more than a normal worker , now they earn hundreds of thousands yearly , we maybe also need to cut the Politicians salary and expense accounts
Interest rates on country debt who collects that ?
Pension funds
Tax the rich not the poor.
Have you ever been hired by a poor person? For every £100 of taxation how much value do you receive? For example if I give you £100 but tell you it must be spent on pink bicycles would you see it the same as if I gave you £100 with no strings attached.
Inheritance tax. How much has HMRC received in inheritance tax in the last 12 months? Is it available via the freedoms of information blah blah blah? Save the public from doing that, and the website and just tell all via the mainstream news. When I say that, I mean repeat it, constantly on both Skynews and BBCnews. Tell the poor people just how much has been taken from them. Loved ones and all they’d worked for. This goes on from this point in time also. Disgusting!
perhaps could you shine a light on how the whisky export is affected by brexit because if i look at the online shops website there are a lot more sold out labels then i was used to and i mean a LOT more
Maybe more people are drinking more. I know I am.
Some co operates are fiddling taxs check with taxs and account councils. Share holders should be taxed too.
"covid secure factory floor" shows loads of workers with facemasks not covering their noses....
Workers are not mandated to wear a face mask in a non-public place of work, as per government guidance. Further, these workers are cleary two meters apart. But I get you, it's easy to get on one and point out the *apparent* flaws in anything behind a keyboard
Asda has the right idea . Reminding idiots that face coverings should cover both mouth and nose. So many barcley bankers just use them as chin straps.
My council hired 15 stewards to help people cross the road outside my house. Since it had recently moved to a 2 way system. They did nothing all day, this kind of government pissing away money is commonplace
Thank God I invested in companies outside of the UK
Interest payments go to banks not the country. David Cameron should hold input as he created Brexit. More importantly, we’re did the £300b go to cuz I bare felt it’s impact unlike Americans whom got checks from government to help them? Where has the money gone to help it’s citizens other than those who already abuse the system on a monthly / weekly basis because they choose not to work as it pays better not to?
Should be cutting taxes & conducting a line by line review of public expenditure with as much cut to fund extra priority spending & deficit reduction. Lower taxes = higher productivity & less avoidance & thus more revenue.
6:04 Tell that to Track and Trace 22 Billion
22 billion on giving jobs to the unemployed / on furlough. Too haras hard workers ti stay at home for a 2 week vacation.
Yes can’t wait to get back to the sweat factories.
You have no idea.
Prostitution for constitution dollar
Lol this man is son in law of indian billionaire founder of infoysis
Given the choice between tax cuts and funding the NHS properly, most people would as always, prefer tax cuts. That's the whole point people vote Tory. Tax cuts.
@Zenou-Sama III benefits to rich, profitable businesses? Subsidies to fossil fuel multinationals?
Tax cuts mean a bigger economy and more money for the NHS. Tax Rises mean a contraction of the economy and less money for the NHS.
Unfortunately rich gets richer and poor getting poorer
Looking at taxs is important. Very important.
Here's an idea for Rishi I Can't Believe My Wife's Stinking Rich Dad Got Me This Job Sunak STOP BORROWING FROM BILLIONAIRES TAX BILLIONAIRES
@omega 98 stop letting the rich offshore their social responsibility and make them pay tax in their home nation.
Andorra, the Bahamas, Belize, Bermuda, the British Virgin Islands, the Cayman Islands, the Channel Islands, the Cook Islands, The Island of Jersey, Hong Kong, The Isle of Man, Mauritius, Lichtenstein, Monaco, Panama, St. Kitts, and Nevis. STOP THIS SHIT & me and my children won't have to bust our balls.
This is how the country makes its money not just corporations
WE SIMPLY CAN'T GO ON FOOTING THE BILL
UK = 💩
Insurance and funeral ppl are robbing public. It takes a furnace upto 30mins to 40mins to cromate. These funeral ppl or sharks charging 8000 to 1200 pounds is taking piss.
There is a case for rigorously examining the conventional wisdom around government deficit and balanced budgets. The government should have focussed on effectively eliminating Covid and only then focussed on recovering the economy and should then focus on recovering the economy and not worrying about debts and deficits. As things stand they look to be in danger of making two successive catastrophic mistakes
Except that the UK has a tory govt so 'don't startle the big business donors' was always the priority.
Sunaki pissed it all away on eating out and his obsession with making us home owners
My generation would welcome the latter.
@@shadearistotle1136 Just buy Stocks instead.
Inflation will take care of the overall debt in the UK. This will take a very long time. Excise duty on fuel should be scrapped. If you have a large personal vehicle and our driving it all over the place tax needs to be based on the miles you do and subject to a 5% charge . This will also go for expensive electric cars. EV,s have done well grants etc.
These ppl are destroying shops .
And will Starbucks pay?
Tax all the companies that made millions from corrupt government contracts.
Taxing Billionaires is a good balance don't be cowards.
Introduce Lockdown supporters tax....
😂
Are tax rises (but not more targetted on the richest, goodness no) on the cards to deal with the vast pandemic debt? Yes. Are cuts to public services on the cards to deal with the vast pendemic debt? Yes. Is more borrowing on the cards, because this tory govt is still too concerned with poll numbers to do as much of those first two things as needed, to deal with the vast pandemic debt? Yes. Would have been better not to delay implimenting basic covid measures 12 months ago, losing the public trust and repeatedly re-opening too fast......thus extending lockdowns and meaning more debt. But tory governments don't do long term policy.
Taxs is important to keep small business going not kill small one rich like bill gates and others like elon can afford it.
Tax EU imports of goods and services along with an assymetric higher tax rate for EU citizens living/working in the UK.
Genius
Er, isn’t that already happening because we’ve left the EU? Also, you want to tax potential lower minimum wage earners more because you don’t like them. Do you work, and if so, what is it that you do?
He is a genius, genius don’t work lol
@@davidmason9529 no it isn't, the new 'deal' allows for tariff and quota free trade of goods. Given the trade deficit in goods we had with them it was a missed opportunity.
@@davidmason9529 in taxing EU nationals (minimum wage or not) in the UK more than than we do already simultaneously lifts the tax burden on citizens of the UK, creates a deterrent for them in an economy with mass unemployment and reciprocates the EUs pettyness at the border (e.g. the ham sandwich incident and punitive delays of our agrifoods as we waive all their stuff through without inspection). I prioritise the interest of British citizens over those of EU citizens and make no apologies for doing so, as the EU is behaving in precisely that manner.
3 million excluded taxpayers. Dont coming knocking on our doors for your new taxes - We did nt take it in the first place !!
Rishi Sunak: Now, how much money can I get out of the poor and the not so well off, those who are already struggling and give money to the rich, and get away with with it?
@@davidnoelfranks1124 I agree Para. Have you read that now the numbers of covid 19 are reducing, they have downgraded the threat to the NHS, not giving the staff of the NHS a chance to breath.
Rishi, Freeze the taxes for a certain time until the country stabilise Completly.
He should send the the bill to China
Bbc, srart telling the truth.
caroline doesn't know what is what when bbc is here
We know who's going get hit with stealth taxes and who's going to get away with it. Poor just get poorer.
The poor hardly pay any tax the rich are the ones who will get stuffed with higher tax.
@@amanb8 stealth taxes.
We need to pay more taxes to the machine. Anyway the machine kills the tax slave the more tax it pays...rofl. Taxie
PUT YOUR NOSE INSIDE THE DAMN MASK!!!!
@Charles Wetherspoon legend
Baaaaah
Taxs ppl like Amaszon elon bill gates yahoo hotmail alibaba etc
.kzhead.info/sun/o6twmq97p2d4mqc/bejne.html
Who uses yahoo
The closer we get too freedom the higher the cost of a litre/1.8 pints fuel will be. Sneaky buggers aint they.
Dont worry, soon you will own nothing, be happy and renting cars from Klaus Schwab)
The chancellor needs to raise taxes to buy more vaccines, that much is clear. He needs to get this lockdown extended to the end of the year or we will never be safe from the virus, and stamp down on the selfish rule breakers. The shops are way too busy with people buying non-essential items and putting us all at risk. #BigLockdown
The economy can't survive a lock down until December 2021. Need to get things open again safely. Yes come down hard on the rule breakers but the borrowing needs to be reigned in or our children and the young will be paying for this forever...
Or become beggars later on.
the money supply is fake....the BBC didn't get the 2008 memo. hahahahahahahahahaha
The variant risk is indeed the elephant in the room. Good to see opposing MPs taking about the problem rather than flinging nonsense crap at eachother.
Tax the poor, Not the Rich. Keep taxes at zero for everyone
Just remember Hancock illegally giving hundreds of millions of pounds of your money to his friends
Proof?
No I don't remember that where was the trial?
@@sebastianguerre6868 search uk Supreme Court vs mat Hancock he broke the law by not declaring who he was giving nhs contracts too
@@LolLol-zr9jc kzhead.info/sun/jJWDXdWlfIl_noE/bejne.html
@@sebastianguerre6868 kzhead.info/sun/jJWDXdWlfIl_noE/bejne.html
Make taxs allowance of poor 20% middle 30% and rich like bill gates Elon Musk Bezos etc 50/60%for example.
If you set the top rate of tax at 80% you collect less money than if you set it at 40%. It's called the laffer curve. This isn't theoretical it's observable by comparing different tax regimes throughout the world and throughout history.
Why should the poor pay less everyone wants equality but then always want the rich to pay more, if everyone wants equality we should all pay 30% no matter your income. If your not left with much at the end of the month then you need to have a second third Job.
@Billy Billy Agreed. Why John Lewis pay more in tax for selling a washing machine than an online competitor is beyond me.
lend money with minimal interest to young enterpreneurs,pls. English people are innovative,resourceful and artistic
The rich getting richer whilst the poor stay poor
Please worry about important matters like fish and brown people in rubber boats. Tsk... tsk...
The best thing Labour could do is provide a fully costed, alternative budget. Instead, they’ll moan and moan and moan without providing any costings for the support they’d like to see retained/implemented.
.kzhead.info/sun/o6twmq97p2d4mqc/bejne.html
@@nadiasrecipe9320 Reported for unwanted spam.
Labour just want to spend, spend, spend and borrow, borrow, borrow. Especially the far left of the party. They don't care about the consequences because they know it will be the youth who end up having to pay for it, not them...
@@lw3646 I completely agree with what you’re saying but many of the far-left Labour MP’s are very young themselves (Zarah Sultana, Nadia Whittome etc).
Not to mention those that are not MP’s but support Labour, such as Ash Sarkar and Owen Jones.
Luis INVESTMENT is a well-registered company with the top legal authorities in United States. His purpose is to provide maximum and Good returns in line with your investments
+1.8.0.3.5.6.6.0.6.9.7
Them taxing is wrong no one sees any benefits from it. This has been their plan all along give everyone support then rob it back twice.
Except he did nt give 'everyone' support ..
If you business goes bust it is because your business plan is out of date and crap. YOUR plan. YOU pay for it.
No to vaccine passports, sign the parliament petition. Disgrace write to your MP.
Grow up buddy.
Long live Sunak Boris and Hancock