It's Brexit Day, so what happens next?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 31 January 2020

⏱️ 48 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s Brexit Day – and whether you voted leave or remain, are celebrating, or commiserating, we wish you a happy one.

After 11pm on Friday 31 January 2019, Britain is officially no longer a member of the European Union. The big question is, what happens next?

On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost discuss both what Brexit means immediately for consumers and travellers, and how things may pan out for the economy and our finances over the year ahead.

Where do we stand on Ehic medical cover in Europe, driving on the continent, mobile phone roaming, flight compensation and expat pensions?

And what will the trade discussions on our future relationship with Europe and the rest of the world mean for the nation’s finances, businesses, inflation, the pound and interest rates?

Also on this week’s podcast, the team dive much deeper into house prices than the usual survey, with a look at 174 years of property affordability and whether we can learn anything from a 70 year period when they got cheaper.

They discuss Neil Woodford’s investors getting some money back and finding out how much they have lost so far and the curious case of the Lloyds customer of years who won a surprise bumper PPI payout that proved to be the ultimate loyalty penalty for being ripped off.

Transcript

Click on a timestamp to play from that location

0:00.0	This Is Money's podcast is brought to you in partnership with the financial services compensation scheme.
0:04.9	Check your financial products at FSCP protected at fscs.org.com. Welcome to This Is Money. I'm Georgie
0:13.1	Frost and alongside me and editor Simon Lambert today is assistant editor Lee Boyce. And after more than
0:19.4	1,300 days, Britain is leaving the EU. But what will it mean for our personal finances, for our rights, for expats and for travellers? Also, today Simon takes a deep dive into property prices, but not over the last three years. Over the last 174 years, are you all sitting comfortably? An interesting look,
0:39.9	or can we actually learn something from the past? We also have a Woodford update as investors
0:45.0	find out how much cash they can expect back and which bank is in our bad books today. And
0:50.5	don't forget you to stay up to date with all the latest breaking money news, just go to this ismoney.com.com.
0:55.4	UK or download the app.
0:58.1	But first, whether you like it or not, it's happening more than 1,300 days after the referendum.
1:05.1	Britain is saying adieu, chow, a feeder his own pet to the EU.
1:09.5	We now enter a transition period until December 31st,
1:13.6	while all the final details are ironed out, I say that somewhat optimistically, but closer to our own homes and our lives,
1:20.6	what will Brexit mean in terms of our personal finances? Mobile phones, holidays, pension, consumer rights, etc., etc.
1:28.3	So let's zoom out though first.
1:30.3	Simon, what will it mean in terms of the general economy?
1:35.3	I'm not asking you to crystal ballgaze.
1:37.3	I'm asking you to say what other people are crystal ballgazing and saying.
1:40.3	What are the experts thinking will happen?
1:43.3	Well, firstly, I should say that there is a strong possibility
1:47.6	that many of the people who listen to this podcast
1:50.4	who may not listen to it the moment that it goes out on Friday evening,
1:54.6	they may be listening over the weekend or the week following,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from This is Money, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of This is Money and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.