Money Box Live: Spring Statement
Money Box
BBC
4.2 • 804 Ratings
🗓️ 23 April 2025
⏱️ 29 minutes
🧾️ Download transcript
Summary
As the Chancellor, Rachel Reeves, presents her Spring Statement, Money Box Live sifts through the details about what it all means for your personal finances.
Changes to the welfare system have already been announced. It will be harder to claim a disability benefit called Personal Independence Payment (PIP) under plans which the government says will get more people into work. We'll analysis any new details on that.
The Spring Statement comes ahead of big plans already announced in last year's Autumn Budget such as changes to stamp duty for home buyers and an increase to National Insurance Contributions for some employers, so as well as dissecting new announcements we'll also remind you what else coming in and when.
Felicity Hannah is joined by Sarah Pennells, Consumer Finance Specialist at pensions company Royal London; Elsa Littlewood, Tax Partner at the accountancy firm BDO and Mike Brewer, Chief Economist and Deputy Chief Executive of the Resolution Foundation.
Presenter: Felicity Hannah Producer: Sarah Rogers Reporter: Emma Smith Editor: Jess Quayle
(This episode was first broadcast at 3pm on Wednesday 26th March, 2025)
Transcript
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| 0:00.0 | You're about to listen to a BBC podcast, but this is about something else you might enjoy. |
| 0:05.4 | My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds. |
| 0:10.8 | The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that. |
| 0:17.5 | With music on sounds, we offer collections and mixes for everything, from workouts |
| 0:21.9 | to helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're |
| 0:27.8 | all put together by people who know their stuff. So if you want some expertly curated music |
| 0:33.5 | in your life, Check out BBC Sounds. |
| 0:44.6 | BBC Sounds, music, radio, podcasts. Hello, welcome to the Moneybox Live podcast, recorded just after the spring statement. There was no waving the red briefcase outside of number |
| 0:49.7 | 11 today. After all, as the government stressed, today's spring statement was not a budget. |
| 0:55.7 | But there was still plenty for our podcast listeners to chew over. The Chancellor Rachel Reeves told |
| 1:00.6 | the Commons she's proud of what she's done since taking office. |
| 1:04.4 | Now our task is to secure Britain's future in a world that is changing before our eyes. |
| 1:11.5 | She talked a lot about growth and headroom and fiscal rules, but there was this prediction |
| 1:17.0 | about your money. The OBR say today that people will be on average over £500 a year better off |
| 1:26.4 | under this Labour government. |
| 1:30.2 | So where will that £500 come from? What does everything she said have to mean for your money? |
| 1:36.5 | Well, here on Moneybox Live, we are more focused on your pockets than on the politics. |
| 1:40.7 | Get in touch now if you've got a question or a comment. You can email Moneybox |
| 1:45.2 | at bbc.co.uk or you can send us a voice note or a message on WhatsApp. The number is |
| 1:50.8 | 033-183. Now with me today, I have a panel of expert guests. I'm joined by Mike Brewer, |
| 2:00.0 | the Deputy Chief Executive and Chief |
| 2:02.0 | Economist at the Resolution Foundation, which is a think tank focusing on low-to-middle-income families. |
... |
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