What President Trump means for your money - and the TiM podcast's tenth birthday

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 8 November 2024

⏱️ 62 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

President Trump is back. The US election finally came to a head this week and rather than the knife-edge result many expected, Donald Trump secured a decisive win over Kamala Harris.

This podcast episode is a special double header: the team discuss that US election result and interest rate cuts in the first half and then celebrate the tenth anniversary of the This is Money podcast in the second.

First up it’s President Trump. In a sense, he is more of a known quantity this time round – having already racked up four years in the White House before. But that’s only in so much that Donald Trump can ever really be a known quantity and the financial world is preparing to strap itself in for another rollercoaster ride.

But why does Trump claiming a second run at US president matter to our finances in the UK? What could his policies and pronouncements mean for small investors in Britain? And will the President-elect really drive mortgage costs up on British homes?

Georgie Frost, Lee Boyce and Simon Lambert discuss the potential impact of the new Trump presidency on the show this week.

Plus, the Bank of England has cut base rate again to 4.75 per cent but cautioned that it sees higher inflation and slower rate cuts in future. The team discuss what that means for our mortgages and savings.

The menace of out-of-control bamboo in people’s gardens and what you can do if a neighbour has some is also up for debate.

And finally, podcast fans should listen to the end for the tenth birthday chat – and an announcement on some celebrations.

Transcript

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0:00.0	Welcome to This Is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce or a very special episode.
0:13.9	Dear listeners, it is our 10 year anniversary. Back when podcasting wasn't cool or completely ubiquitous, we decided to take a punt.
0:23.8	How has the world of finance changed since then? And where were babies, Georgie, Lee and Simon
0:28.8	in their own financial journeys? Where are we now? And what have we learned? So as well as the
0:33.5	usual fare that you would expect from our pod, Trump 2.0, interest rates and bamboo,
0:38.3	we hope you will indulge us. Because before even Trump 1.0, there was the This Is Money podcast.
0:45.5	Don't forget, you stay up to date with the latest breaking money news, just go to thisismoney.co.com
0:49.6	or download the app.
0:52.3	Take control of your finances with Charles Stanley Direct, invest, save, coach or plan
1:00.0	using technology where it's helpful and people where it matters.
1:04.0	Our website and app make trading cost effective and flexible, but we're more than just an online investment service. We're here for you,
1:12.2	regardless of your financial needs, or if your life takes an unexpected turn. Your finances,
1:18.4	your way. Take control today with Charles Stanley Direct. Sign up now. Investment involves risk.
1:25.6	But first, he's back. Donald Trump has been re-elected as president of the United States.
1:31.7	But what does it mean for us here?
1:33.9	Especially investors, with defence and oil and gas stocks and cryptocurrencies, all expected to get a boost.
1:40.3	Experts are warning it could start a trade war, though, that could be an economic nightmare for Britain and Europe, and does Sekeir have some serious brown-nosing to do?
1:51.0	Simon, Trump is back.
1:54.0	Trump is back. Yes. I would say it was surprising. It wasn't really that surprising. It was meant to be on a knife edge.
2:01.8	But then it didn't turn into a knife edge at all, looking at the numbers.
2:05.1	Although what I would say, and I think I realized that I was doing this the other day,
2:09.9	is that I always look at US election results through the prism of our own electoral system.
	...

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