Hot, cross but entertaining economics - This is Money Show

This is Money Podcast

This is Money

News, Business News, Investing, Business

4.4 • 735 Ratings

🗓️ 24 March 2016

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week might go down as the one Chancellor George Osborne got found out.

It’s not the first time one of his Budgets turned into a fiasco, but this time his U-turn – on slashing payments to disabled people - is going to cost £4bn.

When Parliament convened to discuss how on earth this was going to be paid for, he didn’t show up.

And we’re still without an explanation.

We pay our taxes to enjoy a better life in a civilised society – not to allow politicians to play games of political manoeuvring. George forgot that. Taxes should be simple. George forgot that.

There were other unfunded tax giveaways in the 2016 Budget all of which appear to rely on tax receipts from a booming economy.

But our economy isn’t booming. The latest round of economic data shows that.

Growth forecasts are down, Government borrowing is soaring, homes are unaffordable.

Luckily This is Money editor Simon Lambert, product and knowledge editor Laura Whitcombe and Share Radio’s money wizard Georgie Frost are on hand to explain the economics in an entertaining way.

Also on the show…

Capital gains tax just got more complicated.

The ‘living’ wage – more complicated

And finally…

Do not miss the craziest item on financial radio: the famous Easter taste test.

Live on air we try to work out which own-brand supermarket hot cross buns and Easter eggs are worth a piece of your disposable income.

Will Tesco triumph and Waitrose end up in the bin again?

Not a lot of people do this.

Email us hello@dmgmedia.co.uk

Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:17.9	They're very warm welcome to This Is Money and Share Radio podcast in partnership with NS&I.
0:22.9	I'm Georgie Vrost here with you on DAB across the country online and through the Share Radio mobile app every weekday from 9 until midday sharing ideas about money.
0:32.2	I'm joined in the studio by editor Simon Lambert and Knowledge and Product editor Laura Wickham to talk through some of the stories on their website.
0:39.2	They've been investigating over the past week and on the agenda today.
0:43.2	Just how long is a week in politics?
0:46.1	Don't ask George Osborne, resignations, recriminations and reversals.
0:49.6	I am very proud that my right-allel friend and I work together longer than any two people doing
0:56.4	our jobs before us in any government.
0:59.0	I'm forced to concede a £4.4 billion black hole created by a U-turn over disability benefits
1:04.9	will not be filled by further cuts to welfare, so where will the money come from?
1:09.9	Also this week we heard inflation unchanged,
1:12.2	government borrowing down, average house prices though, at new highs. What can we make of the
1:16.7	sway of economic data out this week? Also, today the new tax year starts on April 6th. Are you ready?
1:23.8	If you've got some capital gains on investments, make sure you use them. If you've got more
1:29.1	than 11,100 in gains, you can give something to a partner. But before then, we have a new
1:34.1	national living wage coming in. Over a million workers in the UK age 25 and over are set to
1:39.6	directly benefit from the increase, but not everyone will. It's very hard to force employers to pay their casual staff more. And, of course, it's not even the only downside with being self-employed. And do you remember this? The only winner tonight was Christmas. Yes. Absolutely. And the loser was definitely wait-row. And the only loser was wait-trows. And the only loser was Wait-Row's. The only winner was Christmas. And Dave Lewis, if you're listening to this, you're on your way back, my friend. You're on your way back.
2:04.0	Yes. The only loser was Waitrose, the only winner was Christmas. And Dave Lewis, if you're listening to this, you're on your way back, my friend. You're on your way back. Yes, boss of Tesco's Tesco, the winner there on price and taste. But can they do the same for our Easter offering? Three months on a different festival, the same culinary fund we bring you. The Share Radio and This Is money Easter taste test with more hot cross buns
2:18.1	then you can shake a stick at premium and basic varieties and we'll also be trying the own
2:23.5	brand chocolate eggs sorry everybody it's not the premium version so I want to know today though
2:28.4	are you on team hot cross bun or team chocolate easter egg A very good morning editor Simon Lambert,
	...

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