What would a Labour Government do to the UK economy?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 29 September 2017

⏱️ 49 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Labour didn’t win the last General Election but leader Jeremy Corbyn believes it could do next time. In case that comes around anytime soon, the party this week laid out some plans at its conference.

Shadow Chancellor John McDonnell also revealed that the leadership would be doing war game planning should a Labour victory cause a run on the pound or a stock market slump.

Depending on your point of view, this may sound amusing, scary or exciting. But what does it actually mean and should we be worried?

Corbyn's plans are pretty radical and would herald a sharp turn in the country's economic direction but should we be worried about the economy as it is now?

Perhaps the rumoured Bank of England rate hike is a sign that things are absolutely fine.

On this week’s This is Money podcast, Simon Lambert, Georgie Frost and Lee Boyce take a look at whether the UK’s pint glass is half empty or half full – and whether that means you will get richer or poorer.

The team also look at whether the unloved UK is a contrarian investing opportunity and how people taking advantage of pension freedom can make their pot last and enjoy a richer retirement.

And for those who enjoyed the driving theory test quiz of a fortnight ago (and the towing a trailer-based knowledge bashing that came with it), it’s question time again: This week, how much do your household appliances cost to run each year?

Enjoy.

Transcript

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0:00.0	Welcome to The This Is Money Show in partnership with NSNI, your weekly roundup of the top,
0:06.0	personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:12.0	I'm your host, Georgie Frost, and alongside Simon Nye today is Consumer Affairs Editor Lee Boyce.
0:18.0	Now, conference season well underway and the news inevitably become saturated
0:22.2	with soundbites and promises. But thankfully, Simon and the team do us all a favour by cutting
0:27.6	through the bluster to get to the point. So what do the political parties have in store for that
0:32.2	shiny new pound in our pocket? Labour is up first. What will a victory for Jeremy Corbyns lot do for the economy?
0:40.0	Crash it? Well, that's what they're planning for anyway. But then is the economy in the rudest of health as it is?
0:46.5	Downgrades, Brexit concerns and debt mountains. How worried should we be? And where should investors be looking now?
0:53.2	Simon gets to grips with VCTs and looks
0:56.3	at the virtues of being a contrarian. Also today how to make your pension last for life, which
1:01.6	diesels are just too good to scrap and just how much is that morning copper costing you? We take
1:07.5	the energy build test. All that and plenty more coming up.
1:12.1	Don't forget you can stay up today with all the latest breaking money news.
1:14.4	Just go to this ismoney.com.uk or download the app.
1:21.0	This is Money, brought to you in partnership with NS and I,
1:25.6	giving you 100% security backed by HM Treasury.
1:30.5	But Stuffin referred to as the Glastonbury of the political season.
1:35.0	I suppose lots of people do turn up and it gets rather messy.
1:38.1	It is conference season.
1:40.2	And actually, very warm, welcome, guys.
1:41.7	Before we get the cracking, I just want to know, have either of you been to conference?
	...

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