Does the Boris bounce have legs? What the election means for your finances

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 13 December 2019

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

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Summary

The stock market and the pound bounced as Boris Johnson claimed his 80 seat majority in a better-than-expected election win.
But will the honeymoon period last into the New Year, beyond Brexit on 31 January, through a Budget in early February and past the negotiations about how exactly our future relationship with the EU will pan out?
The Conservative manifesto was thin on detail, but on this podcast we discuss what was in there, what else we know Boris might do and what we think he could do with the big majority this general election delivered him.
And we ask whether the man who wants to be a great Prime Minister, can deliver the goods on the NHS, reshape the economy and get stuff done?

Transcript

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0:00.0	Welcome to This Is Money. I'm Georgie Frost and alongside me and editor Simon Lambert today is assistant editor Lee Boyce.
0:06.5	And a huge win for the Conservative Party and for Boris Johnson.
0:10.8	But what does victory mean for the pound in our pocket, the pound sterling itself, the economy for Brexit and for the future of the Labour Party and the Union?
0:20.1	Plenty to get through and don't forget you stay up to date with all the latest breaking
0:23.4	money news. Just go to this ismoney.com.uk or download the app.
0:28.2	But the pound leapt as Boris Johnson's Conservatives headed for a thumping election victory.
0:34.9	Sterling held big gains against the US dollar and the euro overnight as the
0:38.8	exits polls proved to be accurate. The seats ebbing away for Labour. Lib Dem leader Joe Swinson,
0:44.8	she stepped down after losing her seat and SMP leader Nicholas Sturgeon was a rather happy bunny.
0:51.4	But first and foremost, I'll go to you, Simon, if that's all right, your initial thoughts.
0:56.2	Well, sitting down to watch it last night on the television at home, we switched over at 10 o'clock,
1:01.9	and it was a moment of what are we going to get?
1:05.4	I must admit that we could probably trawl through the archives actually to find the conversation I think
1:12.7	I remember having after Mr Corbyn got the leadership of the Labour Party. He is the MP where I live
1:20.1	and I said that I thought that the great British public probably didn't want what he was selling
1:27.0	and I must admit I've doubted myself a few times over the years since but I still kind of the great British public probably didn't want what he was selling.
1:30.5	And I must admit, I've doubted myself a few times over the years since,
1:33.3	but I still kind of thought that in general,
1:35.5	whilst it may have appealed to a lot of people,
1:38.7	overall, the UK isn't mad for socialism and didn't want the ideology that lay behind Corbinism and with John McDonnell.
1:46.2	But there'd been an awful lot of new people registering to vote,
1:50.4	and those new people registering to a vote were highly likely to be voting in one direction.
	...

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