What the Labour government means for your money

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 5 July 2024

⏱️ 57 minutes

🔗️ Recording | iTunes | RSS

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Summary

All change, please. In a radical reshaping of the political landscape, Britain has elected a Labour government for the first time in 14 years.

New prime minister Keir Starmer and Chancellor Rachel Reeves have made bold promises of revival, growth and wealth creation.

But many fear that Britain’s troubled public finances will also mean that promises not to raise taxes will prove empty.

So, what has Labour said it will do, what important things have been left unsaid, what will it mean for the economy and your finances and is there a path to prosperity that doesn’t involve more tax pain?

On this special election podcast, Georgie Frost, Helen Crane, Lee Boyce and Simon Lambert look at what Labour’s election victory could mean for our money.

The team discuss the manifesto promises on the economy and growth and at how robust the no tax rise pledges are.

Can Labour’s housebuilding plans and planning shake up deliver more homes? What are its other plans to get growth going?

Plus, the team look at the Tories’ 14 years in charge of the economy and the positives that can be drawn amongst the turbulence.

And finally, what have we got to be optimistic about as we move into the next chapter of British life?

Transcript

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0:00.0	Welcome to This Is Money podcast sponsored by Charles Stanley Direct.
0:06.0	I'm Georgie Frost and joining me and Simon Lambert-day is Lee Boyce and Helen Crane.
0:11.0	And coming up, well what else is there? We have a new government.
0:14.0	Labor have swept into power after 14 years out.
0:18.0	But what financial challenges face our new leader and what does the party have
0:21.8	in store for our money? We assess what we know already, what could be on the carts,
0:26.4	and with speculation about inheritance and capital gains tax raids, VAT for school fees, and plenty
0:31.6	more, we tell you how you can prepare. Don't forget yourself to date with all the latest
0:36.4	breaking money news.
0:41.4	Just go to this ismoney.co.com or download the app.
0:47.5	I'm Lisa Kaplan from Charles Stanley Direct. I spent 15 years helping people understand their finances with clear jargon-free language. People often ask me whether they have enough
0:53.2	to retire, what to do about inheritance tax,
0:56.1	or how best to invest. Often, it's a simple question that one of my expert team can answer straight
1:02.3	away, and we would love to help you too. Contact us for a free 15-minute chat at coaching at
1:09.0	charles-standly.co.uk. Investment involves risk.
1:13.3	But first, we have a new party in power. Labor romped to victory in the general election,
1:18.5	overturning their worst result in almost a century last time we went to the polls in 2019.
1:23.5	Boris Johnson won a victory. That was meant to keep them in power for a decade.
1:30.8	But here we are. The Tories beaten and beleaguered.
1:33.7	But as we always say, this is not a politics show.
1:37.7	This is, of course, a finance show, and that is what we will be focusing on.
1:40.0	Welcome to you all.
	...

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