Autumn Statement: What would you do if you were Chancellor for the day?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 17 November 2023
⏱️ 63 minutes
🧾️ Download transcript
Summary
The idea of it being a simple update on the economy seems to have been abandoned and instead there is talk of an Isa overhaul, tax changes, and even inheritance tax being cut from 40 per cent to 20 per cent.
But if you were Chancellor for the day, what would you do?
On this week's podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what could be on the cards as Jeremy Hunt stands up and delivers his Autumn Statement next week.
On the agenda:
- Stealth tax - will the income tax freeze end?
- Inheritance tax - will the rate be cut to 20%?
- Isas - will the allowance be boosted and the system improved?
- Savings - could the personal savings allowance get a rise?
Transcript
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| 0:00.0 | Welcome to This Is Money podcast. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. |
| 0:08.7 | And coming up, it's autumn statement time. In middays, the Chancellor will deliver his tax and spending plans for the year. |
| 0:16.1 | But what will be in it? From stealth taxes to an ISIS shake-up, inheritance tax, savings and first-time buyers. |
| 0:23.2 | Lee and Simon get out their crystal balls and tell us what might be there or won't be there |
| 0:27.6 | and what they would like to see. Mr Hunt, if you are listening, it is not too late to take note. |
| 0:33.3 | Don't forget this up to date. With all the latest breaking money news, just go to this ismoney.com. |
| 0:37.7 | Dot UK or download the app. |
| 0:39.9 | Don't forget, you can stay on top of what's going on in the markets by tuning in to the |
| 0:43.5 | Digest and Invest podcast by Itoro. Go to your regular podcast platform and listen on the go. |
| 0:48.2 | Digest and Invest by Itoro, the podcast for those interested in trading and investing. |
| 0:52.2 | But first, the Chancellor will deliver his autumn statement on Wednesday. |
| 0:56.3 | There have been noises about changes to inheritance tax, damp duty, wages, pensions, potential |
| 1:01.0 | ICE reforms, but what is really likely, what is even possible? |
| 1:05.6 | Today, we're going to focus on five key areas. |
| 1:08.9 | But first, briefly, Simon Lee, welcome. What are we expecting the tone to be? |
| 1:16.1 | A traditional, conservative, fiscal responsibility drive or a desperate pre-election tax giveaway. |
| 1:24.5 | One for the rich, one for the poorest. Simon, what do you think? I had a dream about |
| 1:31.4 | the autumn statement. And this is not my Martin Luther King moment. I had a dream about the |
| 1:38.4 | autumn statement. And my dream was that after all this kerfuffle beforehand and all the predictions, he just stood up and said, |
| 1:47.3 | I'm not going to announce loads of things. That's not what this is meant to be about. Did it really |
| 1:52.1 | quickly and then sat down. And the big story about it was that the autumn statement had only lasted |
| 1:56.9 | 15 minutes. I don't think my dream's going to come true. I think that there's going to be |
... |
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