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Wake Up To Money

De Minimis demolished

Wake Up To Money

BBC

Business

4.1775 Ratings

🗓️ 29 August 2025

⏱️ 53 minutes

🧾️ Download transcript

Summary

President Trump closes a tax break on small packages. Will Bain hears how it will affect companies that export to the US. Our economics panel also unpacks a US central bank in unchartered waters, this week's movements in the bond market, and a proposal to increases taxes on UK banks.

Transcript

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0:00.0

I'm Rory Stewart and I grew up wanting to be a hero and I'm still fascinated by the ideas of heroism.

0:09.0

In my new series, I'm taking in the long sweep of history from Achilles to Zelensky and asking, what is a hero?

0:16.0

Simply doing your job, being a decent human being.

0:20.0

A true hero is someone who just kind of shines by

0:23.1

their own light and that light is to be recognized by others. The long history of heroism with me,

0:28.6

Rory Stewart. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts.

0:37.2

Wake up to money from BBC 5 Live.

0:40.5

Hello morning, welcome to Wake Up to Money.

0:43.0

Should we have a windfall tax on banks?

0:46.0

One think tank thinks so to try and fill the Chancellor's looming black hole in the budget.

0:51.0

We'll dig through that and much more with our Friday panel as we look back on the big economic stories of the week. Also today, de minimis demolished potentially,

0:59.0

anyway, as the United States begins slapping tax on almost all imports worth $800 or less.

1:05.3

We'll get into the detail, speak to one CEO who will be impacted here in the UK and see where

1:10.5

we stand on all of that too.

1:12.4

And we'll hear about an extraordinary row involving a gift shop in Yorkshire, a certain jellycat

1:17.6

toy and some very angry online customers. All will be explained.

1:22.1

Wake up to Money with Will Bain. Morning, welcome to Wake Up to Money on Friday the 29th of August. Just gone 5 o'clock in the morning. We're with you this morning. Great to have your company as we round out another week here on the program. Lots going on actually for the end of August. You can tell once again, well, it hasn't really been quiet or summer, has it? But you can tell once again that we're ramping back up, people heading back towards the office, perhaps because lots of stock market news for our team to pick through as well.

1:50.9

A warning from Lotus, for example, that it may well be cutting jobs and yet plenty of economics for the panel to dig into this week, including that extraordinary route in the US between Donald Trump and the head of his central bank and some of those difficult decisions ahead for the Chancellor in October's budget.

2:07.9

So we better get to it because there's lots to talk about as always on a Friday.

2:12.5

So joining us, Emma Wall is with us.

2:14.4

Emma's the head of platform investments at Hargreaves Landsdown. Emma

2:18.3

morning, great to have you back on the programme. Good morning. Thank you for having me.

...

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