From Brexit plans to Trump, it's just got real - what does that mean for your money?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 20 January 2017

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week will go down in history for a couple of major events.

A new US president being sworn in is always big news but that happens every four years. OK, Donald Trump might shake things up a bit if he's able to get his way.

Most noteworthy in Britain was the revelation that 'Brexit’ means the total withdrawal from the EU, customs union and single market as a way of controlling immigration.

Prime Minister Theresa May laid out her 'plan' for the future of Britain outside the world's largest trading block.

How that stacks up economically remains to be seen.

This is Money’s Simon Lambert has a pretty good stab at explaining, along with colleague Rachel Rickard Straus and Share Radio’s Georgie Frost.

Some say Britain cannot afford to go it alone because of the unsustainable level of Government and industry debt.

However, one commentator told This is Money this week that household debt is now a far greater worry than anything the Government can muddle along with.

And now prices are starting to rise significantly.

Will it all reach a tipping point this year?

Also on the show:

How will Donald Trump’s presidency affect global business?

Why is car tax so complicated? Why don’t we just scrap it?

Why do people like Amazon so much and hate Npower?

Why are people still Npower customers when they’ve topped the worst customer services league for the 7th year running?

Why does Rachel like John Lewis and loath Tastecard in equal measure?

How do the train companies get away with it?

Are the RAC really that good?

% credit cards are just a trap – aren’t they?

Enjoy.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security backed by HM Treasury.
0:16.5	A very warm welcome to This Is Money podcast in partnership with NS& and welcome to a brave new world in partnership with Donald Trump and Theresa May.
0:26.0	It's a movement like we've never seen anywhere in the world, they say.
0:31.3	What I am proposing cannot mean membership of the single market.
0:36.1	What will a Trump presidency have in store for the world?
0:38.7	What will Brexit look like for us?
0:41.0	I'm Georgie Frost.
0:41.9	Joining me in the studio is editor Simon Lambert and personal finance editor Rachel
0:45.9	Rickard Strauss to talk through this and round up the week's top stories they've been
0:50.3	covering on their award-winning website and also on the agenda this week.
0:54.3	The price of stuff is going up.
0:56.6	I'm talking inflation, spenders hit, savers as well,
0:59.7	as rates on savings accounts continue to fall.
1:02.3	I think there's a bit of a warning here for people
1:04.0	to try and curb their spending a little bit more savvy
1:07.0	about what they're spending their money on
1:09.0	because you never know what's around the corner with some of this stuff.
1:12.0	Is there any hope out there?
1:13.2	It's terrible. We look at the figures each month. We see all these savings rates cuts and yes in January we've had some challenges raise rates but they're by very small margins like 0.1%.
1:23.6	If you weren't feeling despondent enough at that, we look at five rip-offs and financial wrongs that need to end from ticket reselling at sky-high prices to sneaky credit card fees.
1:35.0	Also today, Simon takes aim at car tax and we find not one but two car stories that even Rachel and I can comment on.
1:43.1	And as Amazon tops a customer satisfaction table for the third time,
	...

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