This is Money Podcast Is the UK economy heading for stability or just more trouble?
Oct 21, 2022
43:30
There's a new Chancellor in town and he means business. Serious business.
After Kwasi Kwarteng tried to spread some joy to get growth going with tax cuts for all, Jeremy Hunt and the fun police have stepped in to stop the markets freaking out.
The fallout from Kwarteng's ill-fated mini-budget has now claimed his Chancellorship and Liz Truss's Premiership - with Britain achieving the rare feat of losing two Prime Ministers in less than four months.
But with Hunt's stern reversal of the tax cuts in place and a firm commitment to not come up with any more cunning plans that might upset the markets, is Britain now on a firmer economic footing.
Or will our quest for yet another Prime Minister spell more trouble ahead?
On this podcast, Georgie Frost, Helen Crane and Simon Lambert look at Hunt's rapid reversal of Kwarteng's cuts and whether they will steady the ship and prove a good idea.
The team also discuss the decision to stick with the triple lock - an expensive promise the Government decided to keep, but did it really have any choice after ripping up the guarantee for pensioners last year.
Plus, will the rapid rise in mortgage prices sink house prices? Many think so, but our 18 year property cycle guru Fred Harrison says otherwise.
And finally, how much does it cost you to use your cooker vs an air fryer or a slow cooker and if you really want to save money is it an energy saving dad you need?
After Kwasi Kwarteng tried to spread some joy to get growth going with tax cuts for all, Jeremy Hunt and the fun police have stepped in to stop the markets freaking out.
The fallout from Kwarteng's ill-fated mini-budget has now claimed his Chancellorship and Liz Truss's Premiership - with Britain achieving the rare feat of losing two Prime Ministers in less than four months.
But with Hunt's stern reversal of the tax cuts in place and a firm commitment to not come up with any more cunning plans that might upset the markets, is Britain now on a firmer economic footing.
Or will our quest for yet another Prime Minister spell more trouble ahead?
On this podcast, Georgie Frost, Helen Crane and Simon Lambert look at Hunt's rapid reversal of Kwarteng's cuts and whether they will steady the ship and prove a good idea.
The team also discuss the decision to stick with the triple lock - an expensive promise the Government decided to keep, but did it really have any choice after ripping up the guarantee for pensioners last year.
Plus, will the rapid rise in mortgage prices sink house prices? Many think so, but our 18 year property cycle guru Fred Harrison says otherwise.
And finally, how much does it cost you to use your cooker vs an air fryer or a slow cooker and if you really want to save money is it an energy saving dad you need?