Money Box Live: Budget Breakdown

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 27 November 2024

⏱️ 30 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The Chancellor, Rachel Reeves, has announced her Budget but what does it mean for yours?

Money Box Live is breaking down what the Budget mean for your finances, from pensions and Inheritance Tax to the cost of a pint. We hear from the experts who are on hand to answer your questions and comments.

Felicity Hannah is joined by Dr Arun Advani, Professor of Economics at the University of Warwick and Kirsty Stone a partner at the independent financial advisers, The Private Office.

Presenter: Felicity Hannah Producer: Sarah Rogers Editor: Jess Quayle

(This episode was first broadcast at 3pm on Wednesday the 30th of October 2024)

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for Lucan.
0:21.6	It's honestly one of the most powerful stories of my lifetime.
0:25.6	I'm Alex Fondunzelman.
0:26.6	This is The Lucan Obsession.
0:28.6	Listen on BBC Sounds.
0:30.6	BBC Sounds, music, radio, podcasts.
0:35.6	Hello.
0:36.6	Well, the budget is out of the briefcase. We were told it would be painful.
0:40.9	But what do the Chancellor's decisions about the public finances mean for your personal finances?
0:46.5	That is what we're going to find out in this special Moneybox live. And we want your questions as well.
0:51.8	But first of all, here are the headlines. The Chancellor announced there would be the initial pain.
0:57.1	This budget raises taxes by £40 billion.
1:01.2	There were some things that would stay the same.
1:03.7	There will be no higher taxes at the petrol pumps next year.
1:08.7	And Rachel Reeves said this would be the gain. Change must be felt.
1:15.2	More pounds in people's pockets. An NHS that is there when you need it. An economy, an economy
1:24.2	that is growing, creating wealth and opportunity for all, because that is the only way
1:31.4	to improve living standards. And the only way to drive economic growth is to invest, invest,
	...

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