Our financial expert reveals why what was announced in today's Budget matters
- Bias Rating
-20% Somewhat Liberal
- Reliability
25% ReliablePoor
- Policy Leaning
-20% Somewhat Liberal
- Politician Portrayal
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The A.I. bias rating includes policy and politician portrayal leanings based on the author’s tone found in the article using machine learning. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral.
Sentiments
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- Conservative
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Reliability Score Analysis
Policy Leaning Analysis
Politician Portrayal Analysis
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Contributing sentiments towards policy:
59% : And self-employed national insurance will be cut from 8% to 6%.58% : The Resolution Foundation said that means all eight million taxpaying pensioners face tax rises averaging £960 as a result of tax threshold freezes.
58% : The gist is that public spending proposals will be approved if they wash their face within five years - in other words, they're cost-neutral over the course of a parliament.
56% : This came with a caveat - a 'landmark Public Sector Productivity Plan that restarts public service reform and changes the Treasury's traditional approach to public spending'.
55% : Firstly, Hunt didn't mention that, yet again, income tax thresholds would be frozen - and that makes a much bigger difference to how much money you have left after the Treasury raid on your pay packet.
50% : The Chancellor Jeremy Hunt delivered his Budget statement in the House of Commons earlier today, claiming his measures would put hundreds of pounds back into British workers' pockets.
48% : Short answer, yes.Earlier today Hunt said: 'the way we tax people's income is particularly unfair.'He said: 'If you get your income from having a job, you pay two types of tax - National Insurance Contributions and Income Tax.
48% : 'Councils of all political colours are starting this financial year in a precarious position and having to scale back or close a wide range of local services, so the continued squeeze in public spending in the years ahead is a frightening prospect for communities.'LGA analysis shows cost and demand pressures have added £15 billion to the cost of delivering council services since 2021/22.
47% : National insurance slashed, public spending maintained and a smattering of crowd-pleasing changes, including to child benefit, the tax-free Isa allowance and fuel duty.
46% : Also announced today was a cut in the higher rate of Capital Gains Tax for residential property disposals, from 28% to 24% from April 6 2024.Ben Beadle, chief executive of the National Residential Landlords Association, dismissed the both plans, saying they will make 'no meaningful difference to the supply of long-term rental properties'.
40% : The OBR forecasts published today show a rise in insurance premium tax receipts every year over the next five, indicating that premiums are likely to keep going up.
*Our bias meter rating uses data science including sentiment analysis, machine learning and our proprietary algorithm for determining biases in news articles. Bias scores are on a scale of -100% to 100% with higher negative scores being more liberal and higher positive scores being more conservative, and 0% being neutral. The rating is an independent analysis and is not affiliated nor sponsored by the news source or any other organization.