Will Brexit Britain get an Autumn Statement giveway - and what's Trumpflation?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 18 November 2016

⏱️ 50 minutes

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Summary

After the Brexit vote rolled in, a tax giveaway and spending splurge was considered a nailed on certainty. Five months down the line, Britain's economy has surprised many with its resilience and it's not so clear cut. So what will Philip Hammond do in the Autumn Statement. Will the public get infrastructure bonds to invest in, will stamp duty see a cut to get people moving, and will anyone ever commit to properly fixing Britain's roads. Next Wednesday's Autumn Statement holds the key and Simon Lambert and Rachel Rickard Straus, of This is Money, discuss the outlook with Georgie Frost, of Share Radio, on this week's This is Money Show podcast. Also under the microscope is Trumpflation. What on earth is it, why are investors chasing this trade and will a big infrastructure spend and tax cut in the US help its economy? Simon has read Donald Trump's economic plan and takes us through what the President-Elect says he will do (unless of course he changes his mind). Also up for discussion is the white Ferrari 458 Speciale and McLaren 675LT that can only be bought as a £700,000 pair from an Essex car dealer. Is that the kind of thing you'd treat yourself too. Listen to the show and leave us a comment.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS and I, giving you 100% security for your savings.
0:15.3	A very warm, welcome to This Is Money in Share Radio podcast in partnership with NS and I.
0:20.3	I'm Georgie Frost. Joining me in the studio is
0:22.3	editor Simon Lamber and personal finance editor Rachel Rickard Strauss to round up the week's top
0:27.3	stories that they've been covering on their financial website of the year. And we're one week on
0:33.4	from this. We have a president-elect and that is the billionaire from New York who has never held public
0:39.8	office in his life.
0:41.2	Just how has the world reacted to a Trump victory and what can we expect looking forward?
0:47.0	Our expectation is that we will continue to see positive performance by the equity markets
0:52.8	around the world but led by the US.
0:55.0	Simon informs me he has read Donald Trump's entire economic plan.
1:00.3	I'm not sure what he did for the rest of the five minutes.
1:02.2	Closer to home, the rumours, the leaks, the predictions I'm talking autumn statement 2016.
1:07.2	What is on the cards?
1:09.1	Will Philip Hammond stick to his commitment to help the so-called jams, or will he find the money spread too thin?
1:15.3	My hunch is that Hammond won't want to increase spending that much in the end, and he won't want to start off his term as Chancellor being seen as a bit of a giveaway merchant.
1:24.4	What has he got to play with? We got some key figures out this week,
1:27.7	shopping up, unemployment, down, inflation down a smidge, but for how long?
1:32.1	Inflation is going to head for about 3% over the next year or so. The good news, though,
1:37.1	is that that should be a temporary blip. With the current economic environment, is there any
1:42.0	safe haven left for cash savings?
1:47.2	Less than half a savings accounts now be or match inflation.
	...

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