Share Sounds. related to Politics - UK

On Wednesday 22nd November '23 Chancellor of the Exchequer Jeremy Hunt delivered his Autumn Statement to the House of Commons, focused on restoring UK economic growth. This is his full, unabridged speech as delivered, without commentary.

Adam Smith set out the foundation building blocks for economic growth in the Wealth of Nations, and capital and labour were the key components — Jeremy Hunt says he is now pursuing growth as his key priority, and there's no doubt that increasing capital availability in both public and private sectors will help: but where is the labour capacity? It's on NHS waiting lists. Background music: 'The Nexus Riddim' by Konrad OldMoney

The Autumn Statement arrives next week and the rumour mill has gone into overdrive. The idea of it being a simple update on the economy seems to have been abandoned and instead there is talk of an ISA overhaul, tax changes, and even inheritance tax being cut from 40% to 20%. But if you were Chancellor for the day, what would you do? Georgie Frost, Lee Boyce and Simon Lambert look at what could be on the cards as Jeremy Hunt stands up and delivers his Autumn Statement next week. On their agenda: Stealth tax - will the income tax thresholds freeze end? Inheritance tax - will the rate be cut to 20%? ISAs - will the allowance be boosted and the system improved? Savings - could the personal savings allowance get a rise?

A warm welcome back for David, now Lord, Cameron. Let's put the years of struggling in the wake of Brexit behind us, and look forward to a new global perspective in which Britain acts as a catalyst in bringing the world together. What better place to start than by setting out plans for strengthening the democratic legitimacy and authority of the United Nations, with a new perspective on long-term governance which fully addresses the challenges of conflict, climate change and inequality. Background music: 'Master of the Feast' by Kevin MacLeod (licensed under a Creative Commons Attribution 4.0 license. https://creativecommons.org/licenses/by/4.0/) Image source: Wikipedia

There's a rising crescendo of concern over HM Treasury's decision to leave tax thresholds frozen at current levels until 2028. At a time of high inflation, it particularly bears down on low- and middle-income earners, and itself keeps inflation higher for longer. Several suggestions have been made for alternative ways to sort out the public finances, not least in these Share Radio commentaries, but there's no indication of any willingness to sit down and talk: like an ostrich, heads are firmly in the sand. Background music 'The Nexus Riddim' by Konrad OldMoney

As the Party Conference season draws to a close, we check out last week's rather lacklustre Conservative event and add some thoughts to Sunak's agenda for education. Meanwhile, for those more focused on how to invest and still meet the net zero targets, don't miss the Sustain:Social Investing Conference on Saturday 21st October! https://sustain.social Background music: 'Communicator' by Reed Mathis

In an episode first broadcast on 13th February 2020, just a couple of weeks before the Covid pandemic started, Professor Tim Evans of Middlesex University examined why big construction projects such as Crossrail and HS2 go over budget, what ought to be done about the BBC and its licence fee and he cast a look back over the UK's troubled relationship with the EU during its 47-year membership. In the light of Rishi Sunak's cancellation last week of HS2 north of Birmingham, it's interesting to note the strains in the HS2 project which were already evident three and half years ago. Meanwhile here's the link to our more recent commentary, Public Finance Disasters in Small Print: https://www.shareradio.co.uk/thinkingaloud/newsletters/comment-wc-2023-08-07/

It’s been called the most hated tax in Britain - but only 4% of people pay it. You could be forgiven for thinking inheritance tax is something only the super-rich need to worry about. But thanks to rising house prices and an increasing desire to transfer wealth between generations, more and more people are being drawn into the net. It happens not only when someone is left property or other assets from someone's estate, but also when they accept a gift from someone who passes away before the 'seven year rule' tax exemption kicks in. The Institute for Fiscal Studies says that that 4% could become 12% within a decade. And many of those who will never pay inheritance tax still hate the idea that the Government is taking a big cut of the wealth people have worked hard to build up over their lifetime. So it might come as welcome news that Rishi Sunak is reported to be considering cutting the tax, or even scrapping it altogether, as a potential vote-winner ahead of the next election. What’s wrong with inheritance tax, how could it be made fairer - and could the Government really just get rid of it? Simon Lambert, Helen Crane and Georgie Frost discuss. That’s not the only plan the Government is said to be hatching for our finances. It’s also reported that Chancellor Jeremy Hunt wants to increase the £20,000 annual allowance for saving into an ISA - but only for those who use it to invest money into companies listed on the ailing London Stock Exchange. The team consider what puts people off stocks and shares ISAs, whether the rules are too restrictive for the way we manage our money today, and whether encouraging people to pour money into a market which has had a bit of a tough time of late is a good idea. Plus, it’s a year since the disastrous mini-Budget which rocked the mortgage market. With a raft of reductions from big lenders this week, could rates on home loans finally be turning a corner now the base rate has been put on ice? And finally, we discuss whether the time might finally have come to commit to a fixed rate on your energy bills.

After the December 2019 election, Dominic Cummings brought HM Treasury under the heel of No. 10. Little did he realise that in 2023 the financiers would be running the whole show. Rishi Sunak, financier par excellence, thinks he is making long-term decisions for a brighter future. Not everyone agrees: but then a week is a long time in politics — or finance, come to that. Background music: 'Something Is Wrong' by Sir Cubworth Image source: BBC

Government Debt at the end of June '23 was £2.53 trillion, or £38,000 for every person living in the UK. This will be increased by 10% as a result of HM Treasury indemnifying the Bank of England for their QE losses and the cost of the dysfunctional HS2 project. Hidden away on page 54 of the Infrastructure and Projects Authority Annual Report is where you can find their assessment of the huge HS2 project: then check out William Hague's Times article, 'HS2 has gone from shambles to red alert'. Please visit the Share Radio webpage for links. Background music: 'Sarabande' by Joel Cummins