Secret Leaders with Dan Murray-Serter & Chris Donnelly  cover image

Secret Leaders with Dan Murray-Serter & Chris Donnelly

Entrepreneurs react to UK Budget - Will This Fix Britains Debt Disaster?

Nov 1, 2024
The podcast tackles the UK's pivotal 2024 Autumn Budget, highlighting the £22 billion financial shortfall. They discuss Labour’s tax promises and the potential impact on businesses and entrepreneurs. Rising wages in the hospitality sector draw attention, especially for entry-level jobs. There’s a deep dive into recent tax changes and their implications for innovation. Humor blends with disbelief as they navigate the challenges entrepreneurs face amid a shifting economic landscape, all while promoting a more efficient banking solution.
29:56

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Quick takeaways

  • The 2024 Autumn Budget addresses £22 billion in public finances with significant tax reforms, affecting businesses and the entrepreneurial community.
  • The increase in national insurance contributions raises employment costs for businesses, complicating hiring decisions and risking workforce reductions.

Deep dives

Introduction to Wise Business

Wise Business serves as a comprehensive banking solution tailored for businesses that engage in international transactions. It allows companies to get paid, manage payroll, and handle payments to suppliers effortlessly across multiple currencies. With Wise, users benefit from no hidden fees, avoiding unexpected markups on currency exchanges, and enjoying no ongoing subscription costs. This ease of use has been emphasized by users, who appreciate that they can set up accounts smoothly and integrate seamlessly with existing business software.

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