Spring Statement 2019
Money Box
BBC
4.2 • 825 Ratings
🗓️ 13 March 2019
⏱️ 29 minutes
🧾️ Download transcript
Summary
The Chancellor, Philip Hammond, gives an update on the health of the UK economy. What will it mean for your household finances? A panel of experts will analyse what he says and we want to hear your assessment too. Are you cheered or concerned by the state of the nation's finances? And how will it affect the way you spend or save your hard-earned cash? Also, looking ahead to the new tax year, we'll discuss the tax cuts which begin in April and the outlook for our personal finances over the next twelve months.
Guests: Tina Riches, Chartered Institute of Taxation Michelle Cracknell, independent pensions consultant Jane King, independent mortgage adviser from Ash-Ridge Private Finance Shirley McIntosh, Head of tax for Scotland at RSM accountants and tax advisers
Presenter: Paul Lewis Producer: Sally Abrahams
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? |
| 0:21.3 | When lies are still being told to this day, who do you believe? |
| 0:25.1 | I wouldn't even know where to start, and I'm with the IRA. |
| 0:28.5 | Steakknife. |
| 0:29.7 | Listen first on BBC Sounds. |
| 0:33.5 | BBC Sounds, music, radio, podcasts. |
| 0:37.8 | Hello, well, as you heard, squeezed in between Prime Minister's questions and a vote on how we leave the European Union, |
| 0:44.6 | the Chancellor gave his second spring statement to Parliament today, looking at the state of the nation's finances. |
| 0:51.0 | And there was an occasional spring in Philip Hammond's step, but only when he looked |
| 0:55.1 | forward to leaving the EU with a deal in an orderly fashion, something the House of Commons has |
| 1:00.6 | rejected twice. But when he considered leaving without a deal, it was all gloom, a period of uncertainty. |
| 1:07.2 | And that uncertainty could affect us all if firms hold back on investing or go out of business |
| 1:11.9 | and the Office for Budget Responsibility reduced its forecasts of growth down to barely |
| 1:17.5 | 1.5% a year. But in this period of uncertainty, at least we know how taxes of various sorts |
| 1:23.3 | will change in April. That was all announced earlier. So as well as squeezing the personal |
| 1:28.1 | finance juices out of the spring statement, MoneyBots Live is here today to discuss the tax |
| 1:33.1 | cuts which begin in April and they mainly are cuts and the state of our personal finances in |
| 1:38.1 | the next 12 months. And you can call us on 0-3-700-100 100444 if you want to join in. |
| 1:46.4 | And with me to discuss these things are Tina Riches. |
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