Money Clinic with Claer Barrett

UK Budget: what it means for your money

Mar 12, 2024

Expert panel discusses UK Budget tax changes, child benefit reforms, new 'UK Isa' proposal, and National Insurance cuts. Analysis on financial impact for different income groups and potential tax policies. Government plans for Nat West share offering and implications for London stock market. Exploration of political strategies, family benefits, and upcoming changes in child benefits.

26:53

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Episode guests

Rafe Uddin

Miranda Green

Carl Emmerson

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Episode notes

Podcast summary created with Snipd AI

Quick takeaways

£10bn tax-cutting Budget to benefit higher-earning parents in April.

Introduction of 'UK Isa' and NatWest retail shares to boost London stock market.

Deep dives

AI and Travel Safety

AI advancements in the business travel sector, discussed by industry experts, aim to enhance travel safety through data analysis.

Introduction

2min

Analysis of the UK Budget and Tax Measures

16min

Government Plans for the Sale of Nat West Stake

2min

Analysis of Measures Affecting UK Financial Reputation and Housing Market

2min

Political Failures and Family Benefits

5min

Insights on Child Benefits, Farewell, and Sponsor Ads

3min

Chancellor Jeremy Hunt has delivered a £10bn tax-cutting Budget, promising to create a “new generation of investors” — but what does he actually have in store for our personal finances? Host Claer Barrett is joined by an expert panel to discuss tax changes coming in April, with higher-earning working parents set to see the biggest boost. Armed with direct guidance from HMRC, Miranda Green, the FT’s deputy opinion editor and Rafe Uddin, FT politics reporter, talk us through changes to child benefit, and whether plans for a new “UK Isa” and a retail offering of NatWest shares this summer will really boost the fortunes of London’s stock market — and of investors. They’re joined by Carl Emmerson, deputy director of the Institute for Fiscal Studies, who sets out what people on different salary bands can expect to see from the second cut to national insurance — plus what tax policies the opposition Labour party might be thinking up after Hunt shamelessly borrowed some of its biggest ideas.

For more tips on how to organise your money, sign up to Claer's email series 'Sort Your Financial Life Out With Claer Barrett' at FT.com/moneycourse

If you would like to be a guest on a future episode of Money Clinic, email us at money@ft.com or send Claer a DM on social media — she’s @ClaerB on Twitter, Instagram and TikTok.

Want more?

For a full guide to tax changes, read this FT Weekend piece: Will the Budget leave you better off?

Listen to more episodes, such as Tax cuts: will they or won’t they?, When is a tax cut not a tax cut? The Autumn Statement digested and more.

Presented by Claer Barrett. Produced by Tamara Kormornick and Persis Love. Our executive producer is Manuela Saragosa. Sound design by Breen Turner, with original music from Metaphor Music. Cheryl Brumley is the FT’s global head of audio.

Read a transcript of this episode on FT.com

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