Browse content similar to 05/03/2016. Check below for episodes and series from the same categories and more!
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The Chancellor, George Osborne has dropped plans to cut tax relief | :00:20. | :00:23. | |
He had been expected to announce the move in the Budget in less | :00:24. | :00:27. | |
than two weeks time, but he was warned the changes | :00:28. | :00:29. | |
Campaigners say he's missed a "huge opportunity" to tackle pension | :00:30. | :00:33. | |
inequality and to help the lower paid. | :00:34. | :00:35. | |
Our political correspondent, Ross Hawkins reports. | :00:36. | :00:46. | |
It would have been a radical Budget Day change to the way we save for | :00:47. | :00:51. | |
retirement. At the moment, you are not taxed on the money you pay into | :00:52. | :00:56. | |
your pension pot. Instead, you pay your tax when the pension pays out. | :00:57. | :01:01. | |
One idea was that this could be reversed, so the Government would | :01:02. | :01:06. | |
tax money on the way in, and not on the way out which would have raised | :01:07. | :01:10. | |
extra cash for the tertiary. The Chancellor seemed the like the idea. | :01:11. | :01:16. | |
I am open to further radical change, pensions could be treated lie Isa, | :01:17. | :01:21. | |
you pay in from taxed income and it is tax free when you take it out. | :01:22. | :01:27. | |
Not any more. Treasury sources say that won't happen, a move welcome by | :01:28. | :01:32. | |
a former Pensions Minister It is good news the Chancellor has dropped | :01:33. | :01:39. | |
his pension's Isa idea, because people wouldn't have trusted | :01:40. | :01:41. | |
politicians not to tax them for a second time. | :01:42. | :01:45. | |
Very bad news though, to those who think an existing pension system | :01:46. | :01:49. | |
that gives the biggest tax breaks to some of best paid needs to change. | :01:50. | :01:53. | |
It St a missed opportunity to try and make the pension system work | :01:54. | :01:57. | |
better, for people like the self-employed and people on zero | :01:58. | :02:02. | |
hours contracts and others facing economic uncertainty. Why no reform | :02:03. | :02:07. | |
now? Well, Conservatives want to clear the decks for the EU | :02:08. | :02:12. | |
referendum battle. Thank you. And some of his MPs weren't keen on the | :02:13. | :02:18. | |
pension idea. I think that had there been significant changes in the | :02:19. | :02:23. | |
scheme that would have disadvantaged people, it is inevitable we would | :02:24. | :02:27. | |
have been called by our constituent, they would have been angry about it. | :02:28. | :02:31. | |
There is the important point what we don't want to do is having two large | :02:32. | :02:35. | |
complicated arguments at the same time when we have this important | :02:36. | :02:40. | |
referendum coming up in June. Which means with a week-and-a-half | :02:41. | :02:44. | |
to go before he does this again, he will need a different big idea to | :02:45. | :02:46. | |
take to Parliament on Budget Day. Joining us from Westminster | :02:47. | :02:49. | |
is our political correspondent, Is this idea dead and buried do you | :02:50. | :02:57. | |
think? Certainly looks like it. It has not been put back by six money, | :02:58. | :03:02. | |
it has been rejected. It is inconvenient for a Chancellor who | :03:03. | :03:05. | |
didn't say it would happened but talked about it at the despatch box | :03:06. | :03:10. | |
as an idea. The key issue has been objections from industry, and what | :03:11. | :03:13. | |
George Osborne didn't want is a big fight with the pension company, any | :03:14. | :03:16. | |
sort of row that could allow his opponents to say look here, look at | :03:17. | :03:21. | |
what we have another omnishambles budget. That is not just because of | :03:22. | :03:25. | |
the EU referendum but another political fight that is coming up | :03:26. | :03:29. | |
before the end of the Parliament, a bit sooner than that, that is the | :03:30. | :03:33. | |
contest to be the next Conservative leader and the Chancellor wants to | :03:34. | :03:36. | |
on the best possible political form for that one. | :03:37. | :03:41. | |
The director-general of the British Chambers of Commerce | :03:42. | :03:43. | |
has been suspended, after saying Britain would be better off | :03:44. | :03:46. | |
John Longworth's comments, in a speech on Thursday, | :03:47. | :03:50. | |
The organisation, which represents thousands | :03:51. | :03:52. | |
of businesses, had said it wouldn't campaign for either side. | :03:53. | :03:59. | |
Tear gas and water cannon have been used by Turkish police to push back | :04:00. | :04:02. | |
protesters in Istanbul, angry at the government takeover | :04:03. | :04:04. | |
of the country's biggest-selling newspaper. | :04:05. | :04:05. | |
Officers raided Zaman's headquarters last night, | :04:06. | :04:07. | |
hours after a court ruling placed it under state control. | :04:08. | :04:09. | |
Today's edition of the paper said Turkey's press had experienced "one | :04:10. | :04:12. | |
China's economy faces a "difficult battle ahead". | :04:13. | :04:26. | |
That's the warning from the country's Premier at the start | :04:27. | :04:28. | |
The meeting, which sets out China's agenda for the year ahead, | :04:29. | :04:32. | |
has been warned of another slow-down in the rate of economic growth. | :04:33. | :04:35. | |
Once a year, China opens the gates on a piece of political theatre. | :04:36. | :04:47. | |
The Communist party leaders use the event to tell the 3000 delegates | :04:48. | :04:51. | |
what policy will be and this year they said economic growth may fall | :04:52. | :04:54. | |
as 6.5%, the lowest in more than two decades. | :04:55. | :05:07. | |
TRANSLATION: Domestically problems and risks that have been building up | :05:08. | :05:09. | |
Downward pressure on the economy is growing. | :05:10. | :05:19. | |
The Chinese Premier spoke about huge overcapacity in manufacturing, | :05:20. | :05:21. | |
This shipyard, with its rusting, unfinished hulls, is already closed. | :05:22. | :05:32. | |
But others will follow, along with steel mills | :05:33. | :05:34. | |
It is an admission of the need for painful reform. | :05:35. | :05:42. | |
People are looking everywhere for work, | :05:43. | :05:50. | |
this man now re-employed at a neighbouring shipyard says, | :05:51. | :05:53. | |
And as the economy slows, the authorities are increasingly | :05:54. | :06:01. | |
At this building in Beijing where those with grievances come | :06:02. | :06:08. | |
to lodge complaints against the government, | :06:09. | :06:09. | |
ranks of policemen keep a careful watch. | :06:10. | :06:11. | |
They forced my factory to close, this man begins to tell me, | :06:12. | :06:14. | |
Well, if the Parliamentary pomp and ceremony on display up the road | :06:15. | :06:25. | |
to portray a sense of national unity, these scenes tell | :06:26. | :06:28. | |
It is one of repression that many people believe is growing | :06:29. | :06:37. | |
increasingly heavy-handed under President Xi Jinping. | :06:38. | :06:44. | |
China's leaders have also announced more spending to keep | :06:45. | :06:46. | |
They may look confident, but they know they are entering | :06:47. | :06:50. | |
The media mogul Rupert Murdoch and his new wife, model Jerry Hall, | :06:51. | :07:03. | |
have had their marriage blessed in central London. | :07:04. | :07:05. | |
The couple wed in a civil ceremony yesterday. | :07:06. | :07:06. | |
Celebrities from the worlds of the arts and business joined | :07:07. | :07:09. | |
the couple's 10 children from previous marriages | :07:10. | :07:11. | |
and relationships at the service at St Bride's Church in Fleet | :07:12. | :07:13. | |
His report contains flash photography. | :07:14. | :07:22. | |
A year ago, Rupert Murdoch hadn't even met his bride. | :07:23. | :07:29. | |
Today, flanked by his two sons, there was perhaps just a trace | :07:30. | :07:32. | |
of nerves, as he prepared for the blessing of his marriage | :07:33. | :07:34. | |
Sir Michael Caine was one of many famous names on the guest list. | :07:35. | :07:39. | |
Former Rolling Stone Bill Wyman was there too, as was Bob Geldof. | :07:40. | :07:42. | |
Dame Edna Everage's alter ego said the wedding was a collector's item. | :07:43. | :07:45. | |
I got them David Beckham and a pair of jump leads. | :07:46. | :07:54. | |
All ten children from the couple's previous relationships | :07:55. | :07:56. | |
Jerry Hall, in a pale blue Vivienne Westwood dress, | :07:57. | :08:04. | |
escaped most of the media crush by slipping in through a side door. | :08:05. | :08:07. | |
This is a couple who knows how to manage the media. | :08:08. | :08:09. | |
From the surprise revelation of their courtship last October | :08:10. | :08:12. | |
to the announcement in The Times about their engagement two months | :08:13. | :08:14. | |
ago, they have stayed one step ahead of the press pack. | :08:15. | :08:17. | |
She is 59, he is 84, and he said on Twitter "the luckiest | :08:18. | :08:20. | |
The service is now under way in St Bride's Church, | :08:21. | :08:23. | |
and if you listen very carefully, you can almost hear the sound | :08:24. | :08:26. | |
Publishing and power fusing with celebrity and glamour. | :08:27. | :08:33. | |
Mr and Mrs Murdoch faced the cameras afterwards and declined | :08:34. | :08:36. | |
The media mogul perhaps trying to ensure something else gets | :08:37. | :08:44. | |
In football, North London rivals Tottenham and Arsenal drew 2-2 | :08:45. | :08:54. | |
at White Hart Lane, in what was billed their most | :08:55. | :08:57. | |
The result means they stay second and third in the table, | :08:58. | :09:01. | |
A contest for local pride, now also a national title. | :09:02. | :09:12. | |
In the first half, Spurs were busier, Arsenal more productive. | :09:13. | :09:16. | |
Playing themselves back in to form with one move, | :09:17. | :09:20. | |
Was this this the flick that switches on their title charge? | :09:21. | :09:26. | |
Francis Coquelin already had a yellow card before this. | :09:27. | :09:31. | |
The referee's opinion - no choice, Red card. | :09:32. | :09:36. | |
The referee's opinion - no choice, red card. | :09:37. | :09:38. | |
That expression shows Coquelin knew what might happen. | :09:39. | :09:40. | |
Five minutes later Alderweireld was forgotten about, | :09:41. | :09:41. | |
Arsenal were still adjusting to their reduced circumstances | :09:42. | :09:46. | |
when Spurs got the ball to Harry Kane. | :09:47. | :09:48. | |
No need for a protective mask - he would have felt invisible | :09:49. | :09:51. | |
But Arsenal's ten men were not yet beaten. | :09:52. | :09:55. | |
Sanchez took aim on a skiddy pitch - an equaliser of character. | :09:56. | :09:58. | |
So a point and a missed opportunity each. | :09:59. | :10:00. | |
On north London's big day, the real winners might be Leicester. | :10:01. | :10:11. | |
There's more throughout the evening on the BBC News Channel, | :10:12. | :10:13. | |
we are back with the late news at 10 o'clock. | :10:14. | :10:16. |