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How National Insurance tax cut impacts you: The Standard podcast

Jeremy Hunt announced cuts to national insurance in his Budget, but experts said the overall picture was still one of rising taxes (Carl Court/PA) (PA Wire)
Jeremy Hunt announced cuts to national insurance in his Budget, but experts said the overall picture was still one of rising taxes (Carl Court/PA) (PA Wire)

This episode of The Standard podcast comes from Westminster as we focus on the critical pound in our pocket.

The Evening Standard reports that disposable income for London households is set to rise by a meagre £110 on average this year’ with NI cuts and stealth taxes.

But it comes as millions of people in England, Wales and Northern Ireland face paying basic or higher-rate tax for the first time.

Those living in the wider south east of England, which includes the capital’s commuter belt, will be the hardest hit by the combination of Chancellor Jeremy Hunt's fiscal changes.

It comes after Helen Dickinson, chief executive of the British Retail Consortium, warned Brexit border checks on imports from the European Union will push up food prices in the UK.

Dickinson said the new red tape at Britain’s borders would be one of the factors slowing the fall in food price inflation.

At the same time, Professor Tony Travers, of the London School of Economics, says the Tories risk a “near death experience” in London following a shock poll showing them having zero post-election MPs in the capital.

Professor Travers says the rise of Reform UK now meant the Conservatives could lose a string of what were relatively safe Conservative seats in outer London.

For the latest political and economic insight, Mark Blunden is joined by Evening Standard political editor Nicholas Cecil at Parliament.

Listen above, or wherever you find your podcasts.