1 00:00:00,120 --> 00:00:02,639 Speaker 1: In the Brady UK corresponds with us, helloween, dare. 2 00:00:03,320 --> 00:00:04,760 Speaker 2: Hey, Heather, great to speak to you again. 3 00:00:04,840 --> 00:00:07,840 Speaker 1: So you're suffering your own brain drain apparently. 4 00:00:08,800 --> 00:00:12,440 Speaker 2: Yes, and this is all self inflicted. So an awful 5 00:00:12,440 --> 00:00:15,200 Speaker 2: lot of very rich people are leaving the UK. The 6 00:00:15,240 --> 00:00:17,880 Speaker 2: big story of the week is it's budget day tomorrow 7 00:00:18,079 --> 00:00:20,920 Speaker 2: and much of what is coming has been trailed already, 8 00:00:21,040 --> 00:00:25,640 Speaker 2: So more taxes on big houses, taxing electric vehicles per 9 00:00:25,720 --> 00:00:30,240 Speaker 2: mile driven. Basically, Rachel reeves the Chancellor needs to get 10 00:00:30,360 --> 00:00:35,559 Speaker 2: serious money in a black hole of anywhere between forty 11 00:00:35,760 --> 00:00:40,159 Speaker 2: and sixty billion en Z dollars in public spending, depending 12 00:00:40,159 --> 00:00:43,400 Speaker 2: on which expert you speak to. That's a hell of 13 00:00:43,440 --> 00:00:46,920 Speaker 2: a black hole to fill. And what's happening is inheritance 14 00:00:46,960 --> 00:00:50,240 Speaker 2: tax will change as well. The super rich are getting very, 15 00:00:50,360 --> 00:00:52,960 Speaker 2: very worried about this and they are leaving in their 16 00:00:53,080 --> 00:00:55,520 Speaker 2: droves now. Over the weekend we found out that a 17 00:00:55,520 --> 00:01:00,040 Speaker 2: guy called Lakshmi Mittal, Britain's richest man, worth somewhere in 18 00:01:00,120 --> 00:01:03,880 Speaker 2: the region of about thirty to forty billion and Z 19 00:01:04,319 --> 00:01:07,319 Speaker 2: he has had enough and he's bailing out too. So 20 00:01:08,200 --> 00:01:10,280 Speaker 2: it's left to the rest of us to pay our taxes. 21 00:01:11,120 --> 00:01:12,959 Speaker 1: Now, what do you expect is going to happen in 22 00:01:13,040 --> 00:01:13,640 Speaker 1: budget day? 23 00:01:15,520 --> 00:01:18,199 Speaker 2: I think it'll be a tough budget. All the mood 24 00:01:18,280 --> 00:01:20,520 Speaker 2: music from labor people have been speaking to this week 25 00:01:20,640 --> 00:01:22,360 Speaker 2: is that this will be a budget that helps the 26 00:01:22,440 --> 00:01:25,680 Speaker 2: working families. But I'd be curious to see who they're 27 00:01:25,720 --> 00:01:29,240 Speaker 2: taxing is working families. So they're saying that if you 28 00:01:29,319 --> 00:01:34,560 Speaker 2: earn anything above forty pounds eighty kN z a year, 29 00:01:34,920 --> 00:01:39,480 Speaker 2: you're not a working person anymore, that you're somehow entering 30 00:01:39,520 --> 00:01:42,760 Speaker 2: the elite band. And if that's true, an awful lot 31 00:01:42,800 --> 00:01:44,759 Speaker 2: of people don't feel it. I can tell you that much. 32 00:01:45,440 --> 00:01:48,320 Speaker 2: We've still got inflation running at three point six percent here. 33 00:01:48,840 --> 00:01:50,920 Speaker 2: I think it's going to be a tough budget. But 34 00:01:51,120 --> 00:01:53,400 Speaker 2: Rachel Reeves and Keir Starmer they need to get this 35 00:01:53,560 --> 00:01:57,000 Speaker 2: right because elections are looming in May. On the local front. 36 00:01:57,120 --> 00:01:59,240 Speaker 1: Yeah, So on the text thing, what are you expecting? 37 00:02:00,560 --> 00:02:03,240 Speaker 2: Well, so I said, I think the strange ones are 38 00:02:03,640 --> 00:02:06,880 Speaker 2: taxing electric vehicles per mile driven. I mean, we already 39 00:02:06,880 --> 00:02:11,680 Speaker 2: pay road tax, so why should I not be taxed 40 00:02:11,800 --> 00:02:14,480 Speaker 2: on a petrol vehicle I have? And my neighbor has 41 00:02:14,560 --> 00:02:17,160 Speaker 2: an EV and he must pay tax per mile driven. 42 00:02:17,200 --> 00:02:20,080 Speaker 2: I can see legal challenges on that. Perhaps. I think 43 00:02:20,440 --> 00:02:22,600 Speaker 2: people living in very big houses will be going up 44 00:02:22,600 --> 00:02:25,959 Speaker 2: a council tax band and paying more. I don't think 45 00:02:25,960 --> 00:02:28,239 Speaker 2: they're going to play with income tax, because that was 46 00:02:28,280 --> 00:02:30,560 Speaker 2: part of the manifesto they came in on, that they 47 00:02:30,600 --> 00:02:33,560 Speaker 2: would not raise income tax. But the phrase, and this 48 00:02:33,600 --> 00:02:36,600 Speaker 2: is hilarious. I even heard a radio show last week 49 00:02:36,639 --> 00:02:39,680 Speaker 2: with a Swedish author who had written a book called 50 00:02:39,720 --> 00:02:45,600 Speaker 2: smorgas Board about data Swedish recipes, and basically the phrase 51 00:02:45,680 --> 00:02:49,600 Speaker 2: being used is a small gas board of small tax rises. 52 00:02:50,000 --> 00:02:52,160 Speaker 2: So they're going to hit us everywhere basically. 53 00:02:52,600 --> 00:02:57,480 Speaker 1: Goodness. Yeah, And so tell me does this make Kystama's 54 00:02:57,520 --> 00:03:02,400 Speaker 1: position more precarious or not? What you read on that, I. 55 00:03:02,320 --> 00:03:05,560 Speaker 2: Think he's toast. From everything I've been hearing around Westminster 56 00:03:05,720 --> 00:03:08,840 Speaker 2: last ten days. There are moves afoot keep an eye 57 00:03:08,880 --> 00:03:12,560 Speaker 2: out for the Health Secretary, Wes Streeting, and the feeling 58 00:03:12,720 --> 00:03:15,520 Speaker 2: is even the Times newspaper this morning is saying that 59 00:03:15,960 --> 00:03:18,840 Speaker 2: inside the Labor Party they're having a conversation now whether 60 00:03:18,880 --> 00:03:22,680 Speaker 2: they have a coronation for Wes that basically one candidate 61 00:03:22,680 --> 00:03:26,360 Speaker 2: is put up and he ousts Starmer, probably after the 62 00:03:26,400 --> 00:03:29,040 Speaker 2: male local elections which are likely to be disastrous for 63 00:03:29,120 --> 00:03:32,840 Speaker 2: Labor Reformer doing so well at the moment, I think 64 00:03:33,480 --> 00:03:37,120 Speaker 2: what likely to happen is Starmer will get past Christmas, 65 00:03:37,200 --> 00:03:40,280 Speaker 2: that Labor will limp towards these local elections, lose badly, 66 00:03:40,680 --> 00:03:43,400 Speaker 2: and then there will be the ousting of Starmer because 67 00:03:43,480 --> 00:03:45,360 Speaker 2: smart people in the Labor Party will think we need 68 00:03:45,400 --> 00:03:47,800 Speaker 2: a politician back in. God help him. He's a very 69 00:03:47,840 --> 00:03:50,840 Speaker 2: decent man. He's a very intelligent man. But he is 70 00:03:50,920 --> 00:03:54,560 Speaker 2: not a politician. He is a lawyer. And I think 71 00:03:54,640 --> 00:03:57,400 Speaker 2: in the world we live in now where Nigel Farage 72 00:03:57,520 --> 00:04:00,000 Speaker 2: just seems to be waltzing through interviews and going up 73 00:04:00,040 --> 00:04:02,840 Speaker 2: in the polls every day, he can say anything and 74 00:04:02,880 --> 00:04:05,920 Speaker 2: the most outrageous things, and people are just nodding and 75 00:04:05,960 --> 00:04:08,440 Speaker 2: agreeing with it, I find it very very strange. 76 00:04:08,520 --> 00:04:11,080 Speaker 1: Yeah, hey, thank you very much, Inda, really appreciate your time. 77 00:04:11,080 --> 00:04:13,080 Speaker 1: Mate Into Brady UK corresponding. 78 00:04:14,880 --> 00:04:18,039 Speaker 2: For more from Hither Duplessy Allen Drive. 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