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The Rest Is Money
United Kingdom
เข้าร่วมเมื่อ 10 พ.ค. 2023
Does money really make the world go round? Economics, business and finance have long been subjects we leave to the stock brokers, hedge fund managers and business school professors who spend their lives obsessing over them - but there’s no reason we shouldn’t discuss ‘money’ in the same way we talk about sport and TV.
In The Rest Is Money, business correspondent and broadcaster Steph McGovern is joined by old friend and economics expert Robert Peston to explore everything we need to know about the issues that affect us in our everyday lives: how will AI affect your job and our economic prospects? Are we stuck with higher inflation for years to come? Why are wealthy nations like Saudi Arabia buying up sport?
Steph and Robert will decode all the business jargon that you hear on the airwaves and break it down for you, while also reaching back into the past to revisit some of the biggest financial events of the last half century.
In The Rest Is Money, business correspondent and broadcaster Steph McGovern is joined by old friend and economics expert Robert Peston to explore everything we need to know about the issues that affect us in our everyday lives: how will AI affect your job and our economic prospects? Are we stuck with higher inflation for years to come? Why are wealthy nations like Saudi Arabia buying up sport?
Steph and Robert will decode all the business jargon that you hear on the airwaves and break it down for you, while also reaching back into the past to revisit some of the biggest financial events of the last half century.
Will Keir Starmer Stop Elon Musk's Meddling?
Robert gives us his take on 'Starmer vs Musk' and Steph tells us why she thinks business rates are going to be a big problem this year. There’s also a discussion about misunderstood concepts in economics, first up: GDP. Plus we catch-up on the exciting post Steph and Robert received over Christmas. A clue: it involves a Clinton and a Truss.
Sign up to our newsletter to get more stories from the world of business and finance - mailchi.mp/2eb79f9e5cb4/trim
Email: restismoney@gmail.com
X: @TheRestIsMoney
Instagram: @TheRestIsMoney
TikTok: @RestIsMoney
goalhangerpodcasts.com
Assistant Producer: India Dunkley, Alice Horrell
Producer: Ross Buchanan
Head of Content: Tom Whiter
Exec Producers: Tony Pastor + Jack Davenport
Sign up to our newsletter to get more stories from the world of business and finance - mailchi.mp/2eb79f9e5cb4/trim
Email: restismoney@gmail.com
X: @TheRestIsMoney
Instagram: @TheRestIsMoney
TikTok: @RestIsMoney
goalhangerpodcasts.com
Assistant Producer: India Dunkley, Alice Horrell
Producer: Ross Buchanan
Head of Content: Tom Whiter
Exec Producers: Tony Pastor + Jack Davenport
มุมมอง: 925
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Her accentuation reminds me of an angry donkey that I met in Greece. Fascinating.
Lol Musk isnt doing any actual engineering. Thats what he employs other people to do. Probably also why he has so much time to spend on social media. The Mainstream media really has to stop idolising him.
The only talent Musk has is picking the right horse. He has invented nothing.
Harlequins FC coats have increased by £250k from Labour's big brain tax changes, that is massive
I'm getting the word...NONCE
Outside interference in the running of the UK..and yet the Government allows Bill Gates and the W.E.F to get away with it 😊
I struggle to feel sorry for Jess Phillips when she doesn’t even seem to acknowledge these rape gangs exist or makes excuses for it and then labels anyone who cares about it far right. She’s awful
Eh? She has done far more to combat rape gangs than you have pal, or Elon Musk for that matter who is quite happy to have rapists on his platform in the name of 'free speech'.
Given Musk's obvious non-knowledge and judgement about foreign politics he tries to influnce... I am so staying far away from his businesses. The man obvioulsy is not mentally stable atm.
So cute that people have this impression that he's building rockets in a cave in Afghanistan ala Iron Man. He's the front man for some competent managers at least with Tesla and SpaceX.
I love that you think Elon Musk is doing any kind of engineering. He has employees who do that.
Do you really believe that ‘fact checking’ on mainstream media has turned out to be completely politically neutral?
You can't solve Uks financial woes, through optimism. 60% of the workforce work for the State! 😮 No way will that EVER result in the required PRODUCTIVITY to turn the economy around. Huge structural changes are needed. Not tinkering around the edges.
In China nearly 100% work for the state or for state owned businesses, China is now the 2nd largest economy in the world.
What cheerleading Starmer gets you…….
Wouldn’t it make more sense to offer mortgages to people who can afford rent? At the moment they’re paying off the landlord’s mortgage plus profit.
Hmm.. interesting discussion. But they miss the key issue that the NHS is utterly terrible at low priority tasks such as arch supports, physiotherapy, musculoskeletal pain therapy, mental health etc. Those things build up and are most probably the root cause of the millions of extra people on sickness benefit who are also no longer paying taxes and producing productive outcomes for society. This must be a priority.
Government can, and do enforce the building of affordable housing through the planning system...whether the percentages being enforced in the applications is enough is another question....What hasn't been mentioned here is the levels of legal immigration over the past 20 years. It's an uncomfortable topic for some to debate, but its had a significant effect on housing in this country.
How can you build enough houses when the demand constantly outstrips the provision L.
Why bother whilst immigration has not been halted and reversed? You wouldn't renovate your home with a burst water pipe and massive flood damage.
As a landlord, Ive never understood landlords who dont maintain their properties. It ultimately devalues your asset in the longer term if you have issues like damp or rot. Saving money in the short term costs you FAR more longer term, either because you cant sell the property or cant re-rent it.
This is something that baffles me... how is it that so many landlords appear to believe that properties they don't reside in magically do not require the kind of maintenance they would do if they were living there? I've rented for nearly 20 years, and it's always been a battle to get landlords to do essential repairs, and not one has ever done any general maintenance at all. It's their property that they're devaluing by allowing it to fall into disrepair, but they just don't care because they can still get tenants in regardless.
"cant sell the property or cant re-rent it." People will rent it. Did you not listen? People will also buy it. Maybe not for quite as much as a well maintained place but it will still sell and the prices only ever go up. I live in a property that apart from replacing a dead boiler has had nothing done to it in nearly twenty years. When I've finished paying off his mortgage for him my landlord will own outright a property that will have increased enormously in value compared to when he paid the deposit. The dilapidation will hardly affect the sale price. I'll be out on my ear. He treats the shop he owns and runs with a similar lack of care for anything other than emergency repairs. When he sells up the new owners will have a job on their hands but they will still have paid market price. The state of it will not make it massively cheaper. Just think of all the time, money and effort he could have wasted (spent) maintaining it if he wasn't happy to just sit back and take the inevitable increase in value from the ever rising price of property. Why would I have ever done any more than housework (cleaning etc.) in my flat when eviction was only ever eight weeks away? I did manage to get him an insulation grant to improve his property and save me a little in energy costs. Windows with gaps I just live with. I'll miss them when I'm sleeping on a park bench.
Labour will cock this up and sure they’ll build some units but the only way is to build up. These ultimately end up as new slums for older ones. If a high rise is filled with society tenants it will quickly fall into disrepair.
There is zero understanding of taking risk. Market risk, competitive pressure, supply chain complexity, inflation, talent availability... Trade unions cannot move beyond viewing this discussion through anything other than a single lens. Yes, Paul Nowak needs to protect his members. But without a growing economy, as the government concedes, there just is not the money available to fund overall policy objectives. Thoroughly dejecting to see the lack of understanding on display here.
If you can't afford to live in London why do you keep trying to?
Because a 2 hour commute each way is not feasible long term
You know exactly who will be given any new social housing thats built.....new arrived immigrants
The whole UK is a slum guys ! Get real and be honest. Try south London, Croydon, Kent (Gillingham, Rochester ) etc ... Horrible, horrible places. Almost dystopian.
I've worked since 14. No inheritance. I worked my self into a good career earning above the average. I've never claimed or been entitled to benefits even though we have 3 children and mum not working. We have 3 future tax payers we're rearing. That big salary between 5 isn’t alot. I saved into my pension to make sure I'm ok in retirement and that i can pass on wealth to my kids. These b@****ds want to take the tax incentives away and take my earnings I've worked to leave to them. It needs to stop. This government is not for working people. It's another government for the rich and migrants.
Councils are corporations; they exist as businesses profiting their execs😮
I find this conversation really difficult to sympathise with. Mainly because I pay for my own housing, and I think everyone else should too. The council collects my bins and that’s about it. I simply can’t imagine approaching the council and saying ‘I need somewhere to live’ and expecting them to sort it for me. I am absolutely not anti benefits - I think it’s a fantastic way to reduce crime and something the UK should be really proud of. However, anyone who is thinking properly should surely see it’s gone too far when councils are housing, paying, transporting and training people and getting nothing back. As a country we have forgotten the ‘beggars and choosers’ argument.
We have a lot of people in our country who have precisely this sense of entitlement. They don't want to do anything and especially not work. They are essentially cattle - they turn up and demand housing and money for everything else.
Did you miss the whole part of the conversation about how many of the people who are struggling to afford housing are WORKING POOR? These are people who are working, doing the "right thing" but the wages they earn don't cover the cost of housing. That is not their fault and they have every right to ask for help - they pay their taxes just like you do.
I've been renting privately for years in norfolk. Out of 4 houses I've lived in only one never had significant mould/damp problems. Property managers have always brushed off the problem with comments like "oh you won't believe how many people report this problem to us at this time of year". But it's an all year round problem. It's become significantly more expensive to rent properties of decreasing quality and size in recent years.
I think this might be one of the best discussions I’ve heard recently on the current UK housing situations. Some nuanced discussion for once. I’ve been trying to keep up with both the legislation and the ‘zeitgeist’ recently, and I feel I learned a lot from this episode alone.
Understand that Uk residential property is an asset class for investors, then understand that the forces against increasing supply and building homes for poorer people are simply overwhelming. 😮
How They Broke Britain - 1) Sir War Criminal Bliar. 2) Goebbels Campbell. 3) Mandy Mandelson. 4) Gordon Broon. 5) Call me Dave Cameron. 6) Useless & posh Clegg. 7) Even worse Theresa May. 8) Boris. 9) Globalist & WEF Stooge Sunak. 10) Granny Harmer Sausages Starmer.
How about you two instead of talking a good one go and build houses
So many issues are either directly caused or accelerated by Thatcher, deindustrialisation, unaffordable housing, privatising public services for profit, etc. The gift that keeps on giving.
Is this not meant to be a podcast where they understand some basic finance???? The reason why landlordism has now got worse is because we have had 0% interest rates post 2010. Why does this Middlesbrough silly person not outlay this basic finance fact.
Go back to the 50,s start building public housing in great volume. That is the only way you will achieve affordable housing.
Afraid you are not going to get them with Labour, 350,000 a year, six months in none. That means in the next six months it will have to be a years build. By which time probably half the building firms will have gone to the wall.
You have these problems because the UK is a NIMBY country, bottom up.
Over 80% of private landlords have 1 or two houses...they are small and struggle.. don't have power..this guy talks rubbish
There is a landlord survey from a couple of years ago (they may have done a more recent one) but it showed that, oddly, the majority of landlords had only 1 or 2 properties, but the majority of tenants had a landlord who had more than, I think, 5 properties. There’s a big variation among landlords in terms of their size. Finally, government policy is to encourage build to rent, which will lead to very large corporate landlords, and I think companies like Lloyds and John Lewis have made noises about becoming landlords themselves.
I don't know what this man does but he's got difficulties to express himself
The local councils own alot of social housing which they neglect...its not just the private landlords..its councils
The councils don't get prosecuted for substandard housing whereas private landlords are prosecuted.
Every private landlord I know is selling up their housing stock coz it’s just been regulated (for good or bad) to being valueless.. but the impact this has is on the purchase of housing, they are not buying housing and consequently, the are not being built.. lots of builders are going bust.. get the gov out of the market with their diddling, with the best of intentions they are making a mess. We need more housing it doesn’t matter if they are private or rented, a house is a house.
Great idea. Just get the government to pay for affordable housing? But where does the government the money from?🤔
We have a fiat currency it can be created and is actively being created on demand as soon as the government needs it. Also quantitative easing is the bank creating electronic money and buying debt with the created money. Weirdly your saying where does it get the money from all it does is run the printer for 15 minutes and out pops millions or billions of pounds in fact your scared of the only thing in Britain that can’t ever run out of money….
@@LWQ15881= inflation
2 million houses have not left the market. The population has increased and not enough houses have been built. Who owns the homes is largely irrelevant.
@GolfWhisky you are completely correct. However the government is largely powerless to the free market. The market will not create excess surplus to.crash itself. Even government intervention would have a price. If only there was a way of artificially creating demand for the market to respond to....🤔
The population has gone through the roof. The majority of people on social housing in London are foreigners!
Thatcher blaming from the left…..Right to buy was in 83. Why didn’t this issue happen in the 80s or 90s?
Because it's a cumulative problem. You can read articles about the bousing crisis from as early as 2004 that list all of the possible negative outcomes for demographics, wealth accumulation, birth rates/family formation, mobility for jobs - sadly, all of the numbers are even worse than predicted then. Doesn't matter though, politically there are enough NIMBY pensioners and ageing kids who hope to inherit to keep the ponzi scheme going a little while longer.
Right to buy was a labour idea..which was good..the Tories stole it
@@glassmuxxic Housing didn't become an issue till Labour came to power in 97.. Blaming Thatcher is pushed by the BBC and Guardian types. A policy that had no impact for nearly 20yrs can not then be the problem because its politically convient.
Both Parties have cleared the way for big landlords and waged war against Mum n Dad landlords. Every other policy mirrors it, pandering to the donor class and the banks. Destroying small business and the Middle class .Any hope that Reform would be any different have just bitten the dust with the billionaire’s puppet move. Developers responsible for building homes are only going to build if there are waiting buyers for homes at market price and there isn’t, so social housing/affordable housing won’t be built. Is there something I don’t know? Are there councils and housing associations queuing up to break ground with pots of money to finance it on their own ? The bottom has just dropped out of the housing market , house prices are dropping contrary to what Rightmove , Halifax , Nationwide and all other vested interests have told us for the last two years. But affordability is no better due to wage stagnation and interest rates/living costs. We are heading into a recession and people are still over paying and potentially looking at negative equity in the event of job losses. It couldn’t be worse for buyers or renters.
NHS spending has increased from 25 % of government spending net of benefits and interest payments to around 40%. A significant upward movement. If we take the Darsi report at face value the NHS is in need of significant remedial action. Any intelligent discussion must start with why this has happened. This must include the startling increase in absenteeism and the number of sick days being taken years after Covid. In parallel, there has to be a honest conversation about technology spending in order to prioritise sensibly. We are worshipping at the wrong temple.
'This is a local news story' - thats very telling that he faced that reaction. People want to ignore this issue more than the NHS issues.
"Housing" is just an investment asset. Not a place to live. have you seen the INSTANT reaction, not least in media, when return on investmnet (interest rate) risks a 0,25% shift?
If only people could buy land and build houses on it instead of being rejected planning while councils take backhand deals from big developers to cram as many houses into a small area as possible.