The Money-Festo: How to improve Britain including shrinkflation, term-time holidays, tax-cuts for downsizers and more…
The Martin Lewis Podcast
BBC
4.4 • 930 Ratings
🗓️ 15 May 2024
⏱️ 71 minutes
🧾️ Download transcript
Summary
Martin hears your ‘money-festo’ ideas – if you could change one consumer law or rule, what would it be – and why?
He and Nihal are joined by former government adviser and policy expert Polly MacKenzie – to assess how practical the suggestions are – as our very own “Polly-filter”.
Could we regulate shrinkflation, give parents that chance to book term-time holidays, offer tax-cuts for downsizers, or make the morning commute tax deductible? And would any of those ideas actually work?
Transcript
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| 0:00.0 | Hello, I'm Martin Lewis and this is the cunningly named the Martin Lewis podcast. I do wonder what that's going to be about. Usually much of it comes from my BBC Radio 5 live show with Nihal Arthaniaka, but there's lots of bonus money saving information for you lucky lucky podcast podcast listeners. And today, it's a tellers |
| 0:23.5 | special. It's all about your Money Festo suggestions. Yes, if you could change a law or regulation |
| 0:30.5 | to improve consumer or finance products, what would it be? This isn't about big political bombs |
| 0:36.9 | like double taxes or hal half taxes. It's about |
| 0:41.1 | the changes and tweaks to everyday life you want to see, the rules and regulations that govern those. |
| 0:47.5 | And it is fascinating what people have come up with. We've had over 2,000 suggestions. And amongst |
| 0:53.7 | those that we're going to go into include |
| 0:55.6 | freeing up homes by canceling stamp duty for those downsizing. |
| 0:59.4 | There was quite a fierce debate on that one. |
| 1:01.9 | Allowing parents to take kids away for a week during term time in order to cut holiday prices. |
| 1:08.2 | New rules to fight shrinkflation, subscription traps and cancellation quirks. |
| 1:14.4 | End the maximum earning threshold for carers allowance. And should childcare be a right |
| 1:21.1 | off for tax? We got some secrets from someone who was in the room on that one as David Cameron |
| 1:25.8 | came up with the, in my view, |
| 1:27.9 | misnamed tax-free childcare system. And there are so many more. It's a fascinating. Listen, |
| 1:34.1 | let's get on with it. Play the theme tune. |
| 1:38.7 | I got meals. I got to pay. It is Wednesday. It is Wednesday. |
| 1:58.0 | It is time for. |
| 2:00.0 | Martin Lewis. |
| 2:02.1 | He brings his podcast to your ears. |
| 2:04.0 | He brings his expertise to your life. |
| 2:07.2 | And he brings his wonderful personality to all of us. |
... |
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