What will be in the Budget (and what should be)?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 17 November 2017

⏱️ 31 minutes

🔗️ Recording | iTunes | RSS

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Summary

Yes, it’s another Budget. On Wednesday, November 22, Philip Hammond will stand up and deliver his second Budget of the year and this is his chance to ride to the Conservatives’ rescue. After the last Budget mess, the snap election that went wrong, the unexpected rise of Corbynism, and the Brexit arguments that just won’t go away, the Chancellor will be hoping that he’s the one to get everything back on track. So what could he deliver – and what should he? From help for younger people, to stamp duty cuts, pension tinkering, building more homes and just fixing the roads, Simon Lambert, Rachel Rickard Straus and Georgie Frost take a run through what might come up and what it would mean for you. And they outline what they would like to see. The problem for the Chancellor, as he shifts the Budget to the autumn for the first time, is that there is a tension between his desire to do something and his lack of wriggle room due to Britain’s finances. How will he solve that problem? Listen to the podcast to see what we think – and tell us your thoughts in the comments.

Enjoy.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NSNI, your weekly roundup of the top personal finance consumer and business stories that editor Simon Lambertner's team have been covering on their award-winning website.
0:13.1	I'm your host, Georgie Frost, alongside Simon Nye is personal finance editor Rachel Rickard Strauss.
0:19.4	And it's not often you can say a budget might come as welcome relief, but after months of
0:23.7	political turmoil, perhaps it's time now for some of that strong and stable leadership we
0:27.9	were promised from the Conservative Party.
0:30.2	What will spreadsheet Phil have in store when he steps up to the dispatch box next week?
0:35.0	From the higher earners to the jams, from business to Brexit, Simon and Rachel
0:38.8	have a big task ahead, assessing both the political and economic landscape, as well as indulging
0:44.5	in a bit of crystal ballgazing. Don't forget you can stay up to date. With all the latest
0:49.1	breaking money news, just go to this ismoney.co.uk or download the app.
0:55.2	This is Money, brought to you in partnership with NS and I, giving you 100% security for your savings, backed by HM Treasury.
1:04.0	But first, what is the state of the nation to which the Chancellor will announce his budget politically and economically?
1:10.7	I thought I'd start with the
1:12.5	easier one of the two, money. We've had an interest rate rise, inflation while below the 3.1%
1:18.1	expected. It's 3% still, so showing the squeeze on household incomes. Productivity is still
1:24.7	puzzling us, and retail figures were down ahead of the key Christmas period.
1:29.4	Put it all together, give it a bit of a shake.
1:31.8	And Simon, what does it tell us about the state of the British economy?
1:36.3	Will the Chancellor be in a giving mood?
1:38.1	What even does he have to work with?
1:40.4	Well, the Chancellor finds himself in this slightly awkward position
1:43.9	by which the party of which he is Chancellor, still has a commitment to austerity and balancing the books.
	...

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