What's the point of... Chancellors to estate agents?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 15 July 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we meet Keith Richards of the Rolling Stones to talk about his guitar collection and... oh, sorry, that's not true.

However we dress this up, the truth is that this week's show and probably next week and the week after features more Brexit.

Not too much though. Saved by of all things, Milton Keynes and more specifically its car parks.

To kick off, Simon Lambert, Rebecca Rutt and George Frost take a reflective look over the week's events and wonder in the wake of Brexit...

What's the point of interest rates, and interest rates meetings and Bank of England musings on interest rates if they never change?

What's the point of quantitative easing if all it does is stoke house prices?

What was the point of George Osborne? Remember him? The Chancellor who gambled it all on house prices and fear... and lost.

What's the point of estate agents now buyer demand for homes has fallen at the sharpest rate on record?

What's the point of new Chancellor Phillip Hammond when we have no economic plan? At least this one's got a degree in economics and industry experience.

What's the point of the new Cabinet? The government one, not a sideboard - or maybe there's not a lot of difference.

What was the point of austerity when all it did was make the poorest pay for riches' mistakes.

It's a great show.

There's some stuff on pensions and when they're next going to be mucked about with and parking rage and portal juggling.

And finally, the economy may be heading back to the dark ages but the future has arrived in Milton Keynes.

It's been named the second best place to work in the country and it's going to get better with free parking for electric cars.

Transcript

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0:00.0	A This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:26.8	A very warm welcome to This is Money and Share Radio podcast in partnership with NS and I.
0:30.0	I'm Georgie Vrost here with you on DAB across the country.
0:33.0	We're online and through the Share Radio mobile app.
0:37.0	I'm here every weekday from 9 until midday sharing ideas about money.
0:38.3	And I'm joined today in the studio by editor Simon Lambert and personal finance reporter Rebecca Rut to go through some of the stories
0:43.1	that they've been looking at this week. And is the unreliable boyfriend back? If the outlook has
0:49.9	forced it to use that term in the judgment of the MPC, there always could be monetary response.
0:55.1	But surprise, no change. It's fine to take time to get these decisions right. That's what we told
1:00.6	private citizens to do, don't do a knee-jerk reaction. But then flagging that you do one thing
1:04.7	and do another, it just creates uncertainty and that's not what we need.
1:07.6	The Bank of England keeping rates unchanged despite widespread expectation to the country.
1:13.4	What now for the economy, especially with a new Prime Minister in place?
1:16.6	Brexit had cast a big shadow over the British economy.
1:19.6	The country was leaderless.
1:20.6	Today we've got a new Prime Minister in place.
1:22.6	We've got a new Cabinet, so there's a lot more political certainty.
1:26.6	Yes, it's been called the week of the long knives.
1:29.2	All change in the cabinet.
1:30.5	We reflect on where the country is heading now.
1:32.7	Meanwhile, we're hearing how Brexit has put the break on house sales.
1:36.2	The young couple were first-time buyers.
	...

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