Wake Up to Money Scrapping the cap?
Nov 12, 2025
Rachel Kettlewell, founder of Fern and Rosie Jams, shares insights on small business growth and family budgeting, discussing the pressure of holiday spending. Nick Glynn, CEO of Buy It Direct Group, highlights the rise of automation and outsourcing in retail jobs and its impact on the workforce. They analyze the call to scrap the two-child benefit cap and its potential to reduce child poverty. In a fun twist, the conversation also explores the booming adult toy market and the must-have gifts for this Christmas.
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Child Cap's Big Poverty Trade-Off
- The two-child benefit cap reduces incomes substantially and lifting it could cut child poverty by around 630,000 children.
- Repealing the cap would cost ~£3.6bn a year and require higher taxes, cuts, or borrowing to fund it.
Weigh Short-Term Costs Against Long-Term Savings
- Short-term welfare spending can reduce long-term health and social costs, so weigh immediate outlays against future savings.
- Evaluate policies for long-term societal benefits rather than only short-term fiscal optics.
Compliance Over Principle In China
- Apple removes apps in China to comply with local orders, showing multinationals prioritise access to the Chinese market.
- Companies often accept varied rules across countries to maintain business in large markets.