4.1 • 650 Ratings
🗓️ 19 July 2019
⏱️ 48 minutes
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0:00.0 | Welcome to This Is Money with me Georgie Frost and editor Simon Lamber. |
0:05.5 | And today, who's afraid of a no-deal Brexit? |
0:08.5 | Depends on who you talk to, but the OBR and Chancellor Philip Hammond have this week been painting another rather bleak picture. |
0:16.0 | But how likely is a no-deal? What would it really mean for your money? |
0:20.0 | Also today, advice on investments is making |
0:22.1 | return to the High Street, backed by one of Britain's biggest banks. Will others follow suit? Plus, |
0:28.0 | we get all romantic. Talking, faking our own divorces to avoid tax and asking, if you ditch |
0:34.5 | the man, can you keep the engagement ring? Oh yes. Don't forget you |
0:38.8 | stay up to date with all the latest breaking money news. Just go to this ismoney.com.uk or download |
0:44.4 | the app. But before all, that is Project Fear Back. Or should we be afraid, very afraid of a no-deal Brexit? |
0:53.5 | Imminent recession, a 30 billion hole in the public finances, |
0:57.8 | 10% fall in the pound, 5% dropped to the stock market, pushing up inflation, the economy shrinking |
1:02.5 | 2%, and I've not even got started on house prices, 10% fall apparently. I'm not saying this, |
1:08.5 | this is all according to the UK's budget watchdog, the OBR, |
1:11.6 | and their first assessment of the economic impact of leaving the EU without a deal this autumn. |
1:17.6 | However, the Chancellor, well he reckons this isn't even the worst case scenario. |
1:22.6 | So Simon, it feels like we're going around in a bit in circles. |
1:25.6 | Why is the threat of no Deal back on the table? |
1:29.6 | Just explain to us because I thought a couple of months ago |
1:31.5 | it was all heading towards something rather softer. |
1:34.5 | Yes, indeed. |
1:35.4 | Well, we thought that No Deal Brexit was firmly off the table, |
... |
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