uk budget

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:

(1) Jeremy Hunt plans to put personal tax cuts at the center of his annual budget on Wednesday as he navigates tight public finances to deliver on Conservative demands for a pre-election giveaway to boost the ailing governing party’s standing with voters.

(2) President Joe Biden and Republican frontrunner Donald Trump are set for a rematch in a general election race that few Americans are excited about and that Wall Street donors tried in vain to avert.

(3) A Citigroup reorganization aimed at streamlining the bank and making it more competitive with its peers has gone swifter than expected, Chief Executive Officer Jane Fraser said, as she set out positive guidance for the year ahead.

(4) OpenAI fired back at a lawsuit filed against it by Elon Musk in a blog post Tuesday, using the billionaire’s own emails to show he backed the company’s plans to become a for-profit business and that he insisted it raise “billions” of dollars to be relevant compared with Google.

(5) Birmingham City Council has signed off on the largest-ever package of budget cuts by a UK local authority 

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Chancellor Jeremy Hunt will on Wednesday put a £10bn personal tax cut at the heart of his Budget, and China is setting a 5 per cent growth target for this year. Plus, the FT’s Michael Stott sat down with Argentina’s president Javier Milei to talk about the country’s economy. Credit: AP

Mentioned in this podcast:

Jeremy Hunt set to cut national insurance by 2p in UK Budget

Argentina’s Javier Milei says he doesn’t need congress to save the economy

China sets ‘ambitious’ 5% growth target and flags risks to economy

Singapore defends exclusive deal for Taylor Swift concerts in south-east Asia

The FT News Briefing is produced by Fiona Symon, Sonja Hutson, Kasia Broussalian and Marc Filippino. Additional help by Sam Giovinco, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Our engineer is Monica Lopez. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) UK Chancellor of the Exchequer Jeremy Hunt said his budget will be "prudent" and "responsible," as he tried to temper expectations of Conservative MPs who want eye-catching tax cuts to give their party a pre-election boost.

(2) Bond investors are positioning for a potential rise in inflation if Chancellor of the Exchequer Jeremy Hunt cedes to pressure to deliver pre-election giveaways in this week's spring budget.

(3) The UK government plans to lower the threshold to qualify as a so-called angel investor in a bid to bolster funding for small- and medium-sized businesses, the Treasury said in a statement.

(4) China is set to announce its 2024 growth target and outline its strategy for supporting the slowing economy at the nation's most high-profile annual political gathering this week.

(5) US Vice President Kamala Harris has called for a temporary cease-fire between Israel and Hamas as talks drag on over a deal to release hostages taken during the Oct. 7 attacks.  

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Right now the Treasury are flying more kites than you would see on top of Parliament Hill on a windy day.

This comes ahead of next week’s budget - the last before the general election.

But one policy is particularly eye-catching. It's the idea that the Tories are about to tax non-doms - the flagship Labour policy. Whether you want to call it shooting Keir’s fox or stealing his clothes, it would be an audacious move.

Also, how do the Royal family square the circle of remaining in the public eye while wanting maximum privacy at this difficult time? Couldn’t their communications be more effective?

Editor: Tom Hughes

Senior Producer: Gabriel Radus

Producer: Laura FitzPatrick

Video Production: Shane Fennelly

You can listen to this episode on Alexa - just say "Alexa, ask Global Player to play The News Agents"!

Your morning briefing, the business news you need in just 15 minutes.
On today's podcast:
(1) The world’s debt market is on track to post its biggest two-month gain on record as traders ramp up expectations that central banks everywhere will slash interest rates next year.
(2) The Biden administration announced Wednesday $250 million in weapons and equipment for Ukraine, its final package for the year, as officials press Congress to renew aid in the new year. The Pentagon has previously said it will run out of money to replace weapons sent to Ukraine by Dec. 30 unless Congress approves new funding.
(3) Shipping giant Hapag-Lloyd said it will keep its vessels away from the Red Sea even after the launch of a US-led taskforce to protect the key trade route from militant attacks.
(4) Britain’s economy probably will avoid a recession in 2024 and strengthen in the second half of the year as consumers benefit from falling inflation and the easing of a lengthy cost-of-living crisis. 

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Jeremy Hunt presented his first Budget on Wednesday (15 March) as forecasts said that Britain faces a record fall in living standards over the next two years.

Anoosh Chakelian is joined by the New Statesman’s political editor, Andrew Marr, and business editor, Will Dunn, to take us through the key measures. They discuss the huge stealth tax rises the Chancellor snuck into his “boring” Budget and, with half a million workers on strike as he delivered it, the missed opportunities to rescue public services.

Then, the New Statesman’s deputy political editor Rachel Wearmouth joins the podcast to discuss Labour’s response: has its emphasis on childcare been overshadowed by the Tories, and are the two main parties moving closer together on policy?

If you have a question for You Ask Us, go to newstatesman.com/youaskus

Subscribers can get an ad free version of the NS Podcast on the New Statesman app

Podcast listeners can subscribe to the New Statesman for just £1 a week for 12 weeks using our special offer. Just visit newstatesman.com/podcastoffer. 

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On tonight's episode of Piers Morgan Uncensored, Piers debates if this is the tipping point for cancel culture, after Fiona Bruce steps down from Question Time post-Lineker saga. Piers looks into the Budget announcement and discusses whether the Tories to late to recover before the election. Piers delves into how and why the special prosecutor in the Alec Baldwin case has had to step aside.

Watch Piers Morgan Uncensored at 8 pm on TalkTV on Sky 522, Virgin Media 606, Freeview 237 and Freesat 217. Listen on DAB+ and the app. 

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Today's bombshell rabbit (to mix a metaphor) was the Chancellor's promise to abolish the lifetime allowance on pensions.

If you're super-rich it's time to crack open the champagne. If you're working age and well-paid, it might keep you in your job longer - at least that's the aim- but this is against a backdrop where household disposable income is falling at its fastest rate since the 1950s.

We talk childcare, taxation, potholes, and Brexit beer.

Later, we revisit the question of BBC impartiality after leaked emails show an editor succumbing to pressure from Boris Johnson's Number 10 during the pandemic.

You can watch our episodes in full at https://global-player.onelink.me/Br0x/Videos

The News Agents is a Global Player Original and a Persephonica Production.

UK Chancellor Kwasi Kwarteng’s mini-budget includes what he claims are the biggest tax cuts in a generation. He’s hailing it as a new era for the UK economy and a way of kick starting growth, but what does this mini-budget mean for your wallet? Who gains and who loses out? Host Claer Barret unpicks the details with George Parker, the FT’s political editor, and Mary McDougall, the FT’s acting tax correspondent.

Want more?

A mini-budget for those on maxi incomes https://www.ft.com/content/cdbf7a95-8ddf-48df-a9fc-8e40100caac7

Traders bet on emergency UK interest rate rise https://www.ft.com/content/c7f815b6-e7f2-43d2-b160-b7b3182e63b4

Kwarteng’s ideological approach will leave the Treasury with ‘no money’ https://www.ft.com/content/53709418-7ed6-4b10-b6b0-b2e2d5b77683

Kwasi Kwarteng vows to stick with tax cuts despite investor jitters https://www.ft.com/content/5b9d1f87-dc78-4626-bb08-507561c6176a

Money Clinic is keen to hear from listeners and readers. If you would like to get in touch, please email us at money@FT.com or DM Claer on social media. She is @ClaerB on Twitter, Instagram and TikTok. 

Presented by Claer Barrett. Produced by Persis Love and Philippa Goodrich. Our executive producer is Manuela Saragosa. Sound design is by Breen Turner, with original music from Metaphor Music.

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This week on The Property Podcast, The Robs are diving into all things budget as we may have just had the biggest news this year for property investors! 

At the moment the headlines are sadly contaminated...but we wanted to make your day a little more positive.We bet most of you are feeling confused with the negative headlines taking centre stage right now, and that’s why Rob & Rob want to give you that little reassurance you need as an investor. 

For most, the budget will now be a distant memory in light of the global pandemic we’re having with Coronavirus, However, we thought it wise to cover the big news unveiled by Boris Johnson at his first budget.

We were expecting big promises and the budget certainly delivered on that. 

Rob & Rob will be digging deep into the budget plans and making sure you know how the budget announcements could affect you as a property investor and how it affects the economy. 

You’ll also find out whether The Robs approve or disapprove of the budget and changes - we just can’t hold them back!

Tune in to find out more as Rob & Rob get passionate and delve right in to make sure you haven’t missed any important information from the latest big reveal! 

And today, instead of a news story, we wanted to give you a treat. 

In times of uncertainty, we need more reassurance, right? Well, for the first time in the 7 years we’ve been podcasting, The Robs wanted to treat you to a triple bill! 

That’s right...you’ll be getting a third podcast every week for the next few weeks!

There’s so much happening in the market at the moment, so much that the Robs want to make sure that you’re all kept in the loop. Were guessing your alarms are already set for our Tuesday and Thursday episodes. So now you can set one for Friday too. 

This week’s Hub Extra is an app recommended by Rob B. Insight Timer which is a free guided meditation app. It helps with anxiety, stress and even helps you fall to sleep! Rob really enjoys this and he couldn’t recommend it enough. A mental break is needed sometimes, so take advantage of this free app and let us know how you get on.

We’d love to hear what you think of this week’s Property Podcast over on Facebook, Twitter or Instagram. You might even have a topic you’d like us to cover in the future - if so, pop us a message on social and we’ll see what we can do.

Make sure you’ve liked and subscribed to our YouTube channel where we upload new content every week! 

If that wasn’t enough, you can also join our friendly property community on the Property Hub forum.

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Rachel Rickard Straus joins Share Radio's Georgie Frost and This is Money's Lee Boyce to unearth further evidence of why EE should be shut away in George's Orwell's horror Room 101, how the taxman can now empty your bank account if he feels like it, more on the official energy bills rip-off, savings deals, car insurance, road rage and a whistle-stop tour of the Budget for anyone still interested.