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The Property Podcast

TPP608: How the budget will affect the property market (and the country)

The Property Podcast

Rob Bence & Rob Dix

Investing, Education, Business News, News, Business

4.82K Ratings

🗓️ 7 November 2024

⏱️ 35 minutes

🧾️ Download transcript

Summary

The Budget dust has finally settled, and after a week of analysis, we’re revealing the real impact on property investors.     (00:47) News story of the week  (02:12) Stamp duty changes  (12:02) The surprising outcome of capital gains tax  (14:53) Will national insurance increases affect employment?  (20:37) Labour’s first budget Overall reactions  (31:49) How will the budget affect the market?  (32:25) Hub Extra   Links mentioned:  Pre-order Rob D’s book, Seven Myths About Money  Property Hub YouTube channel  Rory Sutherland’s book    Rory Sutherland on YouTube  Enjoy the show?  Leave us a review on Apple Podcasts - it really helps others find us!  Sign up for our free weekly newsletter, Property Pulse  Find out more about Property Hub Invest

Transcript

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0:00.0

Hey everyone, it's Rob B here with Rob D and you are listening to the property podcast,

0:06.2

The Budget, D, D, D, in this episode, we do not hold back.

0:10.8

We absolutely give you the raw truth on how we feel about this budget.

0:15.5

And as property investors, understanding what it means, not just for the property market,

0:19.4

but the UK as a whole is so important.

0:22.0

It's a great episode.

0:29.0

Welcome to The Property Podcast. In case you don't know, we run a business that buys more

0:32.9

than 150 million pounds worth of property every year. You can find out about that at

0:36.3

Property Hub.net slash invest. So we've always got a particularly close eye on what's going on in the economy

0:41.8

that could affect property investors and particularly around huge events like this budget.

0:47.0

Of course, the big news in the world this week is probably the US election. At the time of

0:51.0

recording, we don't know the result of that. And we've got a new leader of the Conservative Party. But even though it took place just over a week ago, the budget is still being

0:59.2

talked about still very much big news. In the papers and in the kind of groups that I'm a part of,

1:04.5

still lots of conversations going on as people digest some of the measures in the budget and

1:08.4

loads of conversation happening about it among property investors. We've had lots and lots of different messages about it. And Rob, as you abandoned

1:14.9

me last week and left me to go through the budget on my own, they'll be with having a broader

1:19.4

and more detailed conversation about the budget because it is going to have significant impacts

1:24.4

in property, yes, but beyond property as well. Well, I'm just glad I'm

1:27.7

allowed back on, Rob, and you didn't lock the podcast doors while I was away, so I'm very

1:31.1

pleased to be discussing this with you this week. Am I pleased about the budget? We'll see.

1:36.6

Let's start where we have to start, because we are the property podcast, and let's dig into

1:40.7

property. But I think we can bring a really interesting perspective to the budget because, of course,

...

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