190. Why The UK Lost Its Appetite For Risk

The Rest Is Money

Goalhanger Podcasts

Business, Politics, News, Tech News

3.8 • 903 Ratings

🗓️ 16 July 2025

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

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Summary

Will ads promoting investing make more people take the risk? Is removing the ring fencing of retail and investment banking a good thing? How did the credit crunch affect our animal spirits? Following the chancellor’s Mansion House speech to the City, Robert and Steph discuss the pros and cons. We appreciate your feedback on The Rest Is Money to help make the podcast and our partnerships better: ⁠⁠⁠⁠⁠⁠⁠⁠https://opinion-v2.askattest.com/app/41f5060f-0f52-45bc-bf86-bf3c9793618e?language=ENG⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠Sign up to our newsletter⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ to get more stories from the world of business and finance. Email: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠[email protected]⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ X: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Instagram: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@TheRestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ TikTok: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠@RestIsMoney⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ ⁠⁠⁠⁠⁠⁠⁠https://⁠⁠⁠goalhanger.com⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠ Visit: ⁠⁠⁠⁠⁠⁠⁠⁠⁠⁠https://monzo.com/therestismoney⁠⁠⁠/⁠⁠⁠⁠⁠⁠⁠ Assistant Producer: India Dunkley, Alice Horrell Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	It was a scandal that taxpayers effectively bailed out investment bankers.
0:06.7	Tens and tens of billions of pounds, if we hadn't bailed out the investment bankers,
0:12.9	millions and millions of ordinary savers would have lost their savings.
0:16.3	Now that debt to GDP is about 100%.
0:18.7	Truthfully, this is an example of a government thinking,
0:23.0	oh well, we'll probably not be in power when the next banking crisis comes.
0:27.1	We won't be blamed for making this decision,
0:30.1	and the banks will be blamed all over again.
0:32.8	Because there will be, at some point, another banking crisis.
0:37.0	And it'll be a catastrophe because it would come
0:39.7	close to bankrupting the UK. Monzo Business is the proud partner of the rest is money. Now, did you
0:46.2	know that over 600,000 businesses are already banking with Monzo Business and mine is one of them.
0:52.7	To celebrate us tearing up, we've got a special offer for you. New customers get Monzo Business, and mine is one of them. To celebrate us teaming up, we've got a special offer for you.
0:56.0	New customers get Monzo Business Pro or team for free for the first six months.
1:01.4	Just head to Monzo.com slash the rest is money to claim it for your business.
1:07.0	Now, maybe you run your own company and you're looking for a bank with the solutions to make your financial admin easier, like expense cards that help your team serve loads of time as your business grows.
1:19.5	Just go to Monzoor.com forward slash the rest is money to learn more about the special offer and find out which of their plans is right for you.
1:28.3	Offer is available to new Monsor business customers only for either Pro or Team Plan.
1:32.8	Offer ends on the 31st of July 2025.
1:36.1	After the offer period ends, Pro will be £9 a month and Team from £25 a month.
1:41.4	Expense cards are only available with Team.
1:45.9	Only sole traders or limited company directors in the UK can apply. T's and Cs apply. This episode is brought to you by
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