
In this session we streamed live I break down the Budget with Paul Johnson, Director of the Institute for Fiscal Studies (IFS), and Claer Barrett, Consumer Editor at the Financial Times.
Paul’s book ‘Follow The Money’: https://www.hachette.co.uk/titles/paul-johnson-2/follow-the-money/9781408714010/
Claer’s book ‘ What They Don’t Teach You About Money’: https://www.penguin.co.uk/authors/296635/claer-barrett
đ 6 steps to build wealth – free guide
Learn how to get better with money so you can build wealth in the UK. Get our free 6-part newsletter series: https://makingmoney.email/newsletter-series
đ Investment platforms we use:
Trading 212
Get a free share worth up to ÂŖ100 when you sign up for a new Invest or ISA account and deposit at least ÂŖ1.
https://www.trading212.com/promocodes/MM
If you do not get your free share after depositing at least ÂŖ1, use the promo code âMMâ (for Making Money). You can use this code for up to 10 days after opening the account.
InvestEngine
Get a ÂŖ25 bonus when you invest at least ÂŖ100.
https://investengine.pxf.io/daOD2Q
Vanguard
https://www.vanguardinvestor.co.uk/
This is not an affiliate link.
đĨ Life insurance, income protection and critical illness cover
We work with Heath Protection: https://heathprotection.co.uk/
If you purchase a product or service using one of these links, we may receive a small commission from the seller. There will be no additional charge for you. Remember investments can fall and rise – and past performance is no guarantee of future results. Other fees may apply. Your money is at risk.
đSponsors
Vanta – Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney.
Tide – Get 4.33% AER Variable for your business account: https://makingmoney.email/tide.
MoneyWeek – Get 6 editions of quality financial journalism for free: moneyweek.com/makingmoney.
âī¸ Get a summary of this episode through our newsletter:
Sign up: https://makingmoney.email/S5E2
Disclaimer:
This is not financial advice. The reason itâs not financial advice is because itâs not tailored to you. We explain the principles of building wealth but if you want personalised advice, itâs worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life.
00:00-03:01 – What it’s been like to cover the Budget?
03:01-05:07- Was the 22 billion black hole over-stated?
05:07-17:50 – National Insurance
17:50-22:38 – Stamp Duty
22:38-31:03 – Pensions
31:03- 39:11- What did they do right?
39:11-49:11 – Inheritance tax and farmers
49:11-01:01:21 – Which areas will get the most money?
01:01:21-01:04:53 – Devolution?
01:04:53-01:11:15 – Will the money be wasted?
01:11:15-01:19:54 – Will the UK economy grow?
01:19:54-01:22:45 – Are more taxes coming?
01:22:45-01:26:23 – Are you better off?
source
Wow you are flying Damo, they are esteemed guests
This is an upload of this morning's live session. We had to trim a bit off the end as the stream continued briefly after the session had ended. Thank you to everyone who watched and to all who asked questions.
Somone get Damo some good internet. Shoulda done it in the Tescos car park.
Well done Damo. We all have little mishaps. Professional to repost, some wouldnt have.
Great guests as always. Looking forward to the next one.
Wheres the short reaction video from T with the red button?
Everyone avoids the illegal immigration effect on NHS and related services. NHS does not need more money. Paul from IFS bitching about how is he is personally effected is not telling us anything, and he does not give a shit about farmers and blind to the knock on problems.
Thanks Damien for putting this together. Nicely done. With two past guests who are very knowledgeable also. Watching now! đ
Agree on the comment about the affect on part time workers. I think more part time jobs will disappear as costs will make them uneconomic for employers as they look at ways of trimming overheads.
Think that bloke is asleep!
1:22:05 Wonder if Damo's first book will be written in Brummie and also available in English? Great podcast btw, 2 high calibre guests! I really enjoyed this one.
I take issue with the â not unaffordableâ energy costs from green energy. Businesses are closing due to higher energy costs. I realise itâs not totally due to greening, but a large portion is. What is the point of pushing a green agenda when the main CO2 producing countries ignore it?
I think higher tax rises are on the way and the NHS & public services will keep absorbing these for no noticeable benefit. Growth will need to come from the private sector and that is unlikely to happen without a large investment in infrastructure, focused training, improved technical colleges and private investment and tax breaks for businesses
Well done Damo very good questions , good quality of guests . Brilliant
Paul fell asleep after 17mins đ
Phenomenal episode Damo, well done.
Sorry but these "revered" commentators offer nothing of interest, but just same old observations and criticisms as broadcast on the MSM. Easy when they are not taking any decisions themselves. They admit one of the greatest issues facing the UK today is massive and growing inequality, as bravely covered on this channel. But they offer no new or innovative ways to solve the problem. Indeed, I would go so far as to suggest the vested interests represented by the "IFS" and the "FT" are part of the problem, not the solution. They scoffed at Damo's excellent question about a "wealth tax", but how else do we solve it? The asset rich simply have to pay more tax. There's no getting away from it, however much the "IFS" and "FT" would like to distract away from it to protect their funders.
Thanks for the quality guests!
You're taking this channel to the next level with content like this. Really impressive.
This is amazing Damo