Will there be a Boris bounce or Brexit hangover? How the new PM could affect the pound in your pocket

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 26 July 2019

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

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Summary

Out go Theresa May and Philip Hammond, in come Boris Johnson and Sajid David – will it result in your finances falling out of top gear, or going on a grand tour?

That's the question editor Simon Lambert, assistant editor Lee Boyce and host Georgie Frost tackle this week, as we have a new Prime Minister at the helm, and a new Chancellor as his sidekick.

Boris has hinted at a stamp duty cut, an income tax cut, a fix for the social care crisis and promised more police officers and better infrastructure. Can he deliver on all that?

And, more pertinently, will Mr Johnson manage to succeed when it comes to Brexit by Halloween?

We discuss all this and what other tricks may he have up his sleeve to help your finances?

Meanwhile, we reveal why you may want to think twice before logging into public wifi at coffee shops and hotels.

And there are top tips on how you can fight the financial fear of the school holidays.

And we also discuss why going for a classic car maybe a better investment when it comes to convertibles and celebrate the mundane vehicles that used to be a common sight on our roads, but no longer are.

Transcript

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0:00.0	Welcome to This Is Money. I'm Georgie Frost and joining editor Simon Lamb and I today is Assistant Editor Lee Lee
0:07.0	coming up from May and Hammond to Johnson and Javid. Top gear for your finances or a slip into reverse.
0:14.0	Simon and Lee run through what a Boris government will mean for your money and your future.
0:19.0	Will he really manage to succeed where those before him
0:22.0	have failed and tackle the care crisis once and for all? Also, why you may want to think twice
0:28.2	before logging into that public Wi-Fi, how you can fight the financial Fosh, why going
0:34.4	classic, maybe better when it comes to convertibles, and we celebrate the mundane.
0:41.3	Don't forget you step to date.
0:42.4	With all the latest breaking money news, just go to this ismoney.co.uk or download the app.
0:48.5	First, finally, finally, Boris Johnson is where he wants to be.
0:53.8	Perhaps not where everyone else wants him to be be though, but he's at number 10.
0:57.2	And he's not wasted any time ringing in the changes with more than half the cabinet gone.
1:01.6	It is officially the biggest clear out in history, without a change of party and power, of course.
1:07.5	So less a reshuffle, more a brand new government, it would seem. But what will
1:12.5	that new government, as it were, mean for your finances, particularly the change at number 11?
1:17.8	Well, last week, Simon, you and I looked at what a no-deal Brexit would mean for us. I guess,
1:23.5	well, I guess that podcast hasn't aged. Still very relevant. But what about the other things, I guess, that you guys are keeping an eye on in the early days of Boris Johnson's new government?
1:35.2	What sort of a man is here? And let's just stick to the politics here. We don't need to know any of the other details.
1:41.8	Yeah, politically speaking, what sort of a guy is he?
1:44.3	And therefore, what can we expect when it comes to our money?
1:49.2	Boris is an ideas man, not a details man, I think, is the general consensus.
1:58.2	He is someone who likes to sit back, think of the grand plan, maybe pick up on other
	...

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