with phillip chris across lbc news time
23<00:00:08.720> minutes<00:00:09.280> past<00:00:09.840> one<00:00:10.080> good<00:00:10.320> afternoon<00:00:10.639> we
23 minutes past one good afternoon we
start<00:00:10.880> with<00:00:11.040> our<00:00:11.120> dominating<00:00:11.679> story<00:00:12.000> that<00:00:12.160> of
the government not denying reports that
a<00:00:14.320> rise<00:00:14.559> in<00:00:14.639> national<00:00:15.040> insurance<00:00:15.759> is<00:00:16.080> under
plans ministers are believed to be
preparing<00:00:20.720> to<00:00:20.880> announce<00:00:21.199> an<00:00:21.359> increase<00:00:21.680> of<00:00:21.760> at
preparing to announce an increase of at
least<00:00:22.240> one<00:00:22.400> percent<00:00:22.800> maybe<00:00:23.039> as<00:00:23.119> high<00:00:23.279> as<00:00:23.439> two
percent for around 25 million workers
next<00:00:26.640> week<00:00:27.199> joining<00:00:27.439> me<00:00:27.519> live<00:00:27.760> on<00:00:27.920> lbc<00:00:28.400> news<00:00:28.800> is
gary thank you for your time this
afternoon<00:00:34.480> your<00:00:34.719> reaction<00:00:35.360> to<00:00:35.680> uh<00:00:35.920> this<00:00:36.160> story
afternoon your reaction to uh this story
to<00:00:38.239> be<00:00:38.399> honest<00:00:38.719> uh<00:00:39.120> it's<00:00:39.360> pretty<00:00:39.600> shocking
in now so i think to explain to the
listeners<00:00:43.600> we'll<00:00:43.680> talk<00:00:43.840> a<00:00:43.920> little<00:00:44.079> bit<00:00:44.160> about
apparently needs an extra 10 billion
pounds<00:00:47.600> a<00:00:47.680> year<00:00:47.920> to<00:00:48.079> pay<00:00:48.239> for<00:00:48.320> social<00:00:48.719> care<00:00:48.960> all
pounds a year to pay for social care all
right<00:00:49.600> well<00:00:49.840> in<00:00:49.920> the<00:00:50.000> last<00:00:50.239> one<00:00:50.480> year<00:00:50.719> what's
ordinary people many have lost their
jobs<00:00:54.079> lost<00:00:54.320> their<00:00:54.480> incomes<00:00:54.879> but<00:00:55.120> the<00:00:55.199> super
jobs lost their incomes but the super
rich<00:00:55.760> made<00:00:55.920> a<00:00:56.000> fortune<00:00:56.399> right<00:00:56.559> the<00:00:56.719> richest
person in the country leonard blavatnik
has<00:00:58.480> made<00:00:58.719> over<00:00:58.879> seven<00:00:59.199> billion<00:00:59.520> pounds<00:00:59.840> in
has made over seven billion pounds in
the<00:01:00.000> last<00:01:00.239> year<00:01:00.640> so<00:01:00.800> he<00:01:00.960> can<00:01:01.039> nearly<00:01:01.280> pay<00:01:01.440> for
the last year so he can nearly pay for
this<00:01:01.760> himself<00:01:02.399> the<00:01:02.559> mitel<00:01:02.879> family<00:01:03.199> have<00:01:03.280> made
this himself the mitel family have made
eight<00:01:03.680> billion<00:01:04.239> and<00:01:04.320> the<00:01:04.479> reuben<00:01:04.799> family<00:01:05.119> made
eight billion and the reuben family made
five<00:01:05.519> billion<00:01:05.840> so<00:01:06.000> just<00:01:06.240> three<00:01:06.560> families<00:01:07.280> in
five billion so just three families in
the<00:01:07.439> last<00:01:07.680> one<00:01:07.840> year<00:01:08.000> the<00:01:08.080> money<00:01:08.240> they've<00:01:08.400> made
the last one year the money they've made
during<00:01:08.799> kobe<00:01:09.439> could<00:01:09.680> pay<00:01:09.840> for<00:01:10.000> this<00:01:10.159> social
during kobe could pay for this social
care<00:01:10.640> need<00:01:10.880> twice<00:01:11.280> over<00:01:11.760> and<00:01:11.920> by<00:01:12.159> cristiano
care need twice over and by cristiano
ronaldo<00:01:13.200> about<00:01:13.760> 35<00:01:14.479> times<00:01:15.040> on<00:01:15.119> top<00:01:15.360> of<00:01:15.439> that
ronaldo about 35 times on top of that
and<00:01:16.000> yet<00:01:16.240> in<00:01:16.320> spite<00:01:16.640> of<00:01:16.720> that<00:01:16.960> the<00:01:17.040> government
ordinary working people and it's going
to<00:01:25.600> be<00:01:25.920> if<00:01:26.080> it's<00:01:26.240> one<00:01:26.400> percent<00:01:26.799> an<00:01:26.960> extra<00:01:27.600> 200
to be if it's one percent an extra 200
pound<00:01:28.560> tax<00:01:28.880> on<00:01:29.040> an<00:01:29.200> ordinary<00:01:29.520> person<00:01:29.840> if<00:01:30.000> it's
pound tax on an ordinary person if it's
two<00:01:30.240> percent<00:01:30.720> an<00:01:30.880> extra<00:01:31.119> four<00:01:31.280> hundred<00:01:31.600> pounds
two percent an extra four hundred pounds
so<00:01:32.159> while<00:01:32.400> leonardo<00:01:32.640> dicaprio<00:01:33.600> that<00:01:33.759> makes<00:01:34.079> it
workers are going to pay extra 400 a
year<00:01:37.600> well<00:01:37.680> why<00:01:37.840> do<00:01:37.920> you<00:01:38.000> think<00:01:38.159> the
year well why do you think the
government<00:01:38.640> is<00:01:38.799> is<00:01:38.960> putting<00:01:39.200> this<00:01:39.439> on<00:01:39.520> these
government is is putting this on these
uh<00:01:40.640> ordinary<00:01:41.759> workers<00:01:42.560> some<00:01:42.799> arguing<00:01:43.360> that<00:01:43.680> uh
uh ordinary workers some arguing that uh
it<00:01:44.399> could<00:01:44.560> be<00:01:44.880> boris<00:01:45.200> johnson<00:01:45.520> the<00:01:45.600> prime
that this wasn't going to happen this
could<00:01:53.360> be<00:01:53.520> him<00:01:53.759> uh<00:01:53.920> taking<00:01:54.240> metal<00:01:54.479> by<00:01:54.640> the
could be him uh taking metal by the
horns<00:01:55.040> and<00:01:55.520> and<00:01:55.680> really<00:01:55.920> running<00:01:56.159> with<00:01:56.399> it
horns and and really running with it
phil<00:01:57.680> i<00:01:57.759> wish<00:01:58.079> on<00:01:58.159> you<00:01:58.399> i<00:01:58.479> wish<00:01:58.719> i<00:01:58.799> knew<00:01:58.960> i<00:01:59.040> mean
phil i wish on you i wish i knew i mean
you<00:01:59.520> know<00:02:00.000> if<00:02:00.159> i<00:02:00.240> was<00:02:00.479> a<00:02:00.560> fly<00:02:00.719> on<00:02:00.799> the<00:02:00.880> wall<00:02:01.040> in
the conservative party office i'd be
able<00:02:02.479> to<00:02:02.560> tell<00:02:02.719> you<00:02:02.799> why<00:02:03.040> i<00:02:03.119> think<00:02:03.280> it<00:02:03.360> might
able to tell you why i think it might
have<00:02:03.680> something<00:02:03.920> to<00:02:04.000> do<00:02:04.079> with<00:02:04.159> the<00:02:04.240> fact<00:02:04.399> that
himself comes from a billionaire family
and<00:02:07.520> that<00:02:07.600> might<00:02:07.759> lead<00:02:08.000> him<00:02:08.080> to<00:02:08.160> have<00:02:08.399> a
reluctance to tax billionaires but i
mean<00:02:10.479> let's<00:02:10.640> look<00:02:10.879> at<00:02:10.959> the<00:02:11.039> numbers<00:02:11.280> here
mean let's look at the numbers here
right<00:02:11.520> national<00:02:11.840> insurance<00:02:12.720> that<00:02:12.879> is<00:02:13.040> a<00:02:13.120> tax
which affects only working people it
does<00:02:15.200> not<00:02:15.280> apply<00:02:15.520> to<00:02:15.680> billionaires<00:02:16.080> who<00:02:16.160> get
does not apply to billionaires who get
their<00:02:16.400> income<00:02:16.640> from<00:02:16.800> wealth<00:02:17.040> so<00:02:17.599> if<00:02:17.760> you've
their income from wealth so if you've
got<00:02:18.080> an<00:02:18.239> income<00:02:18.480> of<00:02:18.560> 30<00:02:18.879> 000<00:02:19.120> pounds<00:02:19.440> you'll
got an income of 30 000 pounds you'll
pay<00:02:19.760> an<00:02:19.920> extra<00:02:20.480> 200<00:02:20.959> 400<00:02:21.280> pound<00:02:21.520> a<00:02:21.599> year<00:02:21.920> but<00:02:22.080> if
richardson's family you'll get an income
of<00:02:25.200> about<00:02:25.440> 30<00:02:25.840> million<00:02:26.239> pounds<00:02:26.560> from<00:02:26.720> that
of about 30 million pounds from that
wealth<00:02:27.120> and<00:02:27.200> you'll<00:02:27.440> pay<00:02:27.599> zero<00:02:28.080> so<00:02:28.239> the
numbers here are ordinary working family
30<00:02:30.800> grand<00:02:31.040> a<00:02:31.120> year<00:02:31.680> extra<00:02:32.000> tax<00:02:32.239> 400<00:02:32.640> pounds
billionaire family like richard synax
income<00:02:35.440> 30<00:02:35.840> million<00:02:36.160> pounds<00:02:36.400> a<00:02:36.480> year<00:02:37.040> extra
income 30 million pounds a year extra
tax<00:02:38.080> zero<00:02:38.640> you<00:02:38.720> know<00:02:38.959> these<00:02:39.200> guys<00:02:39.360> talk<00:02:39.599> about
i'm not quite sure what kind of level up
this<00:02:42.560> is<00:02:42.720> other<00:02:42.959> than<00:02:43.519> making<00:02:43.840> everybody<00:02:44.239> poor
different national insurance tax rate to
those<00:02:54.080> who<00:02:54.239> are<00:02:54.319> going<00:02:54.400> to<00:02:54.480> be<00:02:54.640> affected<00:02:55.040> by
those who are going to be affected by
this<00:02:55.440> if<00:02:55.599> it<00:02:55.760> is<00:02:55.920> pushed<00:02:56.239> through<00:02:56.800> uh<00:02:56.959> who<00:02:57.440> are
understandably going to look for ways
around<00:03:06.800> this<00:03:07.040> to<00:03:07.120> pay<00:03:07.360> less<00:03:07.519> taxes<00:03:08.000> and<00:03:08.080> you
ordinary people want to oppose paying
more<00:03:15.360> tax<00:03:15.920> they're<00:03:16.080> really<00:03:16.319> going<00:03:16.400> to<00:03:16.480> have<00:03:16.640> to
inequality economist thank you for your
time<00:03:29.920> this<00:03:30.159> afternoon<00:03:31.040> housing<00:03:31.360> could<00:03:31.519> be<00:03:31.680> so
time this afternoon housing could be so
much<00:03:32.080> more<00:03:32.239> affordable<00:03:32.959> wages<00:03:33.280> could<00:03:33.440> be<00:03:33.599> so
much more affordable wages could be so
much<00:03:34.080> higher<00:03:34.640> and<00:03:34.799> we<00:03:34.879> could<00:03:35.040> have<00:03:35.200> so<00:03:35.360> many
much higher and we could have so many
more<00:03:35.840> options<00:03:36.560> in<00:03:36.640> how<00:03:36.799> we<00:03:36.879> live<00:03:37.120> our<00:03:37.200> lives
more options in how we live our lives
some<00:03:37.760> of<00:03:37.840> them<00:03:37.920> put<00:03:38.080> a<00:03:38.159> lot<00:03:38.319> of<00:03:38.400> money<00:03:38.640> into