Ep 529 - Budget 2025 Special
The Money To The Masses Podcast
Damien Fahy
4.8 • 589 Ratings
🗓️ 28 November 2025
⏱️ 37 minutes
🧾️ Download transcript
Summary
This week, Damien and Andy dig into the Budget to uncover the hidden changes the mainstream media missed. They also explain how the biggest announcements, including the new mansion tax and the new electric vehicle tax, will work in practice, before revealing the biggest winners and losers.
Check out this week's podcast article on the Money to the Masses website to see the full list of resources from this week's show.
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Links referred to in the podcast:
- Sign Up To The MTTM Weekly Newsletter
- Autumn Budget 2025 roundup – Key points at a glance
- Salary sacrifice to be capped at £2,000 per year from 2029
- Income tax thresholds to be frozen until April 2031 as ‘stealth tax’ continues
- Dividend, property and savings tax rates to increase by 2%
- New ‘Mansion tax’ costing up to £7,500 a year announced in the Budget 2025
- Cash ISA allowance to be cut for some – we explain who will be affected and how
- 5 Budget announcements you might have missed
- New pay-per-mile tax introduced for electric vehicles
- Two-child benefit cap scrapped – what it means for families
- £150 to be cut from energy bills as green levies scrapped
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Transcript
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| 0:00.0 | Hello and welcome to episode 529 of the Money to Namassiz podcast with your resident expert as always. |
| 0:06.1 | Damien Faye and me, Andy Leagues. |
| 0:07.9 | Damien, you are looking surprisingly chirpy considering what we've been through this week. |
| 0:12.1 | I'm laughing because it's been quite a mad week in terms of content. |
| 0:18.7 | We had the budget. |
| 0:19.8 | That was, of course, the big event that we had this week. |
| 0:22.9 | And it did really live up to the hype. We're going to cover it in detail on the podcast this |
| 0:27.7 | week, including the things that aren't really gaining many headlines because there was a lot |
| 0:32.8 | that was leaked before the budget. And there were some things that were announced and some |
| 0:36.7 | that weren't. But there were one or two things that are kind of buried in the detail of the document itself which we want to |
| 0:42.6 | also bring to light but as you say Andy it's a bit of a mad couple of hours really after the budget |
| 0:48.3 | is launched and we pushed out our weekly newsletter on a Wednesday so the team were working really hard and it was quite a lot |
| 0:56.3 | to get through because in the past budgets really passed people by. There weren't many changes |
| 1:02.6 | that were made, probably tweaks to tax thresholds. But now it seems to be such a big event. |
| 1:09.1 | I think particularly since 2022 where we had that |
| 1:12.2 | infamous Liz Trust mini budget which calls mortgage rates to spike and guilt markets to wobble, |
| 1:19.2 | that it's now in this mainstream consciousness about the impact that the budget can have on people's |
| 1:25.3 | finances immediately. So it has been a busy week. We've got a lot |
| 1:29.2 | to get through today, but this is why we do this, isn't it, Andy? I mean, this is what we kind of live for, |
| 1:35.2 | to be honest, trying to make sense of everything that's going on and telling people how it impacts |
| 1:39.9 | their finances. It was a really, weirdly, really enjoyable couple of days because in preparation for the |
| 1:46.4 | budget, obviously like you say, Damien, there were quite a few leaks. So we were able to sort of |
... |
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