Bonus: What does the 2025 Budget mean for your money?
Political Fix
Financial Times
4.2 • 1.2K Ratings
🗓️ 1 December 2025
⏱️ 54 minutes
🧾️ Download transcript
Summary
It’s been a rollercoaster week for both UK politics and our personal finances, with chancellor Rachel Reeves setting out tens of billions of pounds of tax rises in the Budget. But how will these new taxes be applied and what could they cost you? In a Money Clinic podcast recorded live at the FT, host and consumer editor Claer Barrett is joined by Dan Neidle, the founder of Tax Policy Associates; Stuart Kirk, the FT’s investment columnist; and Tej Parikh, the FT’s economics leader writer, to field questions from readers and listeners. They cover everything from what the Budget means for people investing in UK markets, the new rules on pensions and salary sacrifice, how to stay under the £100,000 threshold for childcare support and much more.
To find out how much the five-year freeze to tax thresholds could cost you, find a free link to the FT’s Budget stealth tax calculator here
Claer’s Budget column: A horrid Budget for ‘Henrys’
Salary sacrifice shake-up: what it means for staff and employers
Follow Claer on social media @Claerb
This episode was made available with thanks to FLIC, the FT’s Financial Literacy and Inclusion Campaign.
For details about the campaign, read more about it here or click here and to donate, click here.
Read a transcript of this episode on FT.com
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Transcript
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| 0:00.0 | Hello, this is Claire Barrett from the Financial Times and I am thrilled to be back behind the mic, |
| 0:07.5 | bringing you this bonus budget episode of Money Clinic and Political Fix. It has been a rollercoaster |
| 0:14.2 | week for both UK politics and our personal finances, as Chancellor Rachel Reeves set out |
| 0:19.8 | tens of billions of pounds worth of tax |
| 0:21.7 | rises in the budget. But how will these new taxes be applied? And what could they cost you? |
| 0:27.9 | We've got a brilliant panel of experts answering all of your questions about tax, investing and the |
| 0:33.8 | wider economic impacts. Plus, I'll chip in a few thoughts myself. |
| 0:38.6 | This podcast was recorded live at the FT on the afternoon of Friday 28th November. |
| 0:44.5 | As usual, what you're about to hear are our opinions. |
| 0:48.2 | Nothing we say is intended as financial, tax or investment advice, |
| 0:52.2 | but we do hope it's useful and broadens your understanding of how |
| 0:55.9 | the Chancellor's political decisions could impact your financial future. So, let's get on with the show. |
| 1:06.1 | Hello and welcome to this special live recording of the Money Clinic podcast, unpacking everything you need to know about how your finance will weather the autumn budget. |
| 1:17.7 | Joining me today to answer your budget questions in this special interactive webinar are three very wise men. |
| 1:25.2 | Dan Needle, the founder of Tax Policy associates, and my FT colleague Stuart Kirk, |
| 1:30.9 | who's the FTs investment columnist, and Tej Parique, who is our resident economics expert in the |
| 1:36.7 | FT's leader writing team. Now, no surprises that a raft of different tax rises were announced |
| 1:42.8 | at this budget, many of them aimed at those |
| 1:45.5 | with the broader shoulders. We will be explaining many of these in detail, including changes |
| 1:51.0 | to salary sacrifice arrangements on pensions, the freeze on income tax thresholds, some |
| 1:57.0 | important changes for investors, and the wider economic impact these measures and the |
| 2:02.7 | chaotic run-up to the budgets could have. Plus, Stuart has got something big to reveal about |
... |
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