Tax Cuts, Housing Costs and Paying at the Pump
Money Box
BBC
4.2 • 825 Ratings
🗓️ 23 December 2023
⏱️ 25 minutes
🧾️ Download transcript
Summary
We'll take a closer look at what the Autumn Statement means for your personal finances. On Wednesday the Chancellor, Jeremy Hunt, made announcements about tax, pensions and benefits. With his top takeaways, Paul Lewis talks tax cuts and the unfreezing of the local housing allowance.
A listener went into a filling station to put just enough petrol in her car to leave her enough money to buy food for the family dinner. Then, the petrol station ringfenced the cost of a full tank and although she spent a fraction of that, the rest was not released for two days. Why did that happen and what can she do?
And the new global report from the Society of Trust and Estate Practitioners which says reports of financial abuse of vulnerable clients is increasing.
Presenter: Paul Lewis Reporters: Dan Whitworth and Sandra Hardial Researcher: Jo Krasner Editor: Jess Quayle
(First broadcast, 12noon Saturday 25th November 2023)
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 |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex von |
| 0:26.7 | Tunselman. This is The Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts. |
| 0:36.5 | Hello, welcome to this Moneybox podcast. |
| 0:39.4 | Over one and a half million people on benefits who get help with their rent |
| 0:43.1 | should be able to get more rent paid from April. |
| 0:46.6 | A listener tells us she spent £35 on petrol, |
| 0:49.9 | but then wasn't allowed to spend the £10 left in her bank account to buy food for dinner. |
| 0:55.7 | And solicitors report that financial abuse of vulnerable clients is increasing. |
| 1:00.5 | But first, as the Chancellor stood up to give his autumn statement a few days ago, |
| 1:05.1 | there was just one question on everyone's mind. |
| 1:08.0 | With so many leaks and briefings beforehand, what would be the rabbit he |
| 1:12.2 | pulled from his hat? We knew he was going to cut national insurance contributions, but when |
| 1:17.0 | that bunny emerged, the big reveal was that it was double the expected size, not a one percentage |
| 1:23.4 | point cut in contributions, but two percentage points for employees, slashing them from 12% |
| 1:29.3 | to 10% and saving typical workers under 66, about £450 a year and starting in January. |
| 1:36.9 | Together with a smaller and later change for self-employed people, the cuts will cost |
| 1:41.2 | around £9. billion pounds a year. |
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