October 30, 2024 • 7 mins
Labour chancellor Rachel Reeves is set to deliver her first Budget in the role, following weeks of speculation.
Predictions indicate people can expect tax rises, a higher capital gains tax and a minimum wage increase.
UK correspondent Gavin Grey says this will hit business owners and a subset of working people hard.
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Episode Transcript
Available transcripts are automatically generated. Complete accuracy is not guaranteed.
Speaker 1 (00:00):
Gavin Gray, our UK correspondents with US say, Kevin good
evening her happy budget day. Are you looking forward to it?
Speaker 2 (00:08):
Yeah, I'm not so sure. It's seemed so widely tryed
and you know, in the past nobody would say anything
about the budget until it was delivered to Parliament. This
one's seen so many leeks. I'm not sure anything new
will be coming up. Indeed, the Chancellor, the first ever
female chancellor and the first Labor Chancellor for fourteen years,
Rachel Reeves, was ticked off by the Leader of the
(00:30):
Commons for talking to journalists in America about her budget,
saying it was a supreme discourtesy to the House and
she was very very disappointed. Well, what do we expect.
I think we expect tax rises now all along, people
have been told this will not affect working people was
what the government was saying. But these tax rises are
(00:51):
going to affect somebody. So who and who is not
a working person is the question, and that has yet
really to be answered sig by anyone in the Labor Party.
I think we're going to see an increase in inheritance tax,
that's the tax on amounts left when somebody dies and
left to their loved ones. I think a capital gains tax.
(01:13):
Capital gains is when you make an investment or sell
a share, sell a second home, that sort of thing.
I think that tax is going to increase, and I
think we may see thresholds at which tax is paid
kept the same. And of course, because prices and inflation
is going up, that effectively is a tax increase. But
all of these are we don't know, they haven't been confirmed.
(01:35):
What we do know is the national minimum wage is
to go up, and that is putting a lot of
pressure on small businesses who say that they are already
really struggling to make ends meet.
Speaker 1 (01:47):
And so what exactly where is this money going to
be primarily.
Speaker 2 (01:50):
Directed supposedly into a forty four billion pound black hole
in the country's finances. Now, the previous government says that
is just nonsense. We didn't leave a black hole like that.
So this is just an excuse for the Labor Party
to come up with these things in order to hit
the rich or people that it deems to be rich,
(02:13):
to hit people it deems not to be working class.
And as I said, trying to find that and therefore
lots of people I think pretty fed up at the
idea that they are going to be hammered for working hard,
having savings, paying into a pension and now might get
hammered again by a new party.
Speaker 1 (02:30):
Hey, what are we expecting from this teenager that the
one who was accused of murdering the three girls appearing
in court today.
Speaker 2 (02:36):
Yeah, this is going to be very significant. So you're
remember back in July, three young girls were killed at
a Taylor Swift dance themed party in the northwest of England.
In Southward the end of July, the eighteen year old
who's accused of murdering those three girls was due in
court and now it's going to be in court today
(02:58):
charged with two more offenses, one of them about the
fact that he was allegedly manufacturing ricin, a biological toxin
and very poisonous, and also that he had or had
in possession of an Islamic state sort of a booklet
on how to commit atrocities. Those are the new crimes
(03:21):
that he faces. And plenty of people saying, well, hang
on a minute, this happened in July, the murder. You
searched his property in July. We find out right at
the end of October. Now that actually this is being
looked at potentially as a terrorism incident. They've come back
and said no, no, no, it's not terrorism because we
don't know his motive. Well, as you can imagine, there
(03:41):
are some in the former party government who was saying,
hang on a minute, there are serious questions here. Has
this government deliberately concealed this terrorism link because of course
we did have several weeks of rioting after these murders
took place, with people so concerned about migration in this country.
Speaker 1 (04:00):
Gevin, do we have any idea this console that was
used to record Abbey Road? Any idea how much is
this going to go for at auction today?
Speaker 2 (04:07):
Well, it's a very good question. It's a one off,
that's for sure, and that makes it rather difficult to
actually put a price on. But this was a console
that I was used by the Beatles to record Abby Road,
that wonderful album of Theirs, which of course has been
in and out of the charts for decades. And the
(04:28):
console was given or donated to a school, but the
school then threw it out and it was only rescued
from a skip by an absolute Well, I don't want
to be harsh, but a techno file who absolutely loves
these things. The project was started for it to be
referbed to make it work again and indeed, using expertise
(04:50):
around the UK it is. As for the price, well
it's got to be several several thousand pounds, but it's
a very one off thing to try and put a
price up.
Speaker 1 (04:58):
Very interesting stuff, Kevin, thank you really pretty to Gavin
gray are UK correspondent. Interesting defense in our court, speaking
of course, interesting defense in our court. Was it today?
I think it was today. It's about look, if it's
not today, it was yesterday. It was in the last
couple of days. About why somebody has committed a crime
and why rugby is the excuse for it. So this
(05:19):
is the case of a former mary All Blacks player,
Mutawa Parkinson, who bought guns and then on sold these guns,
brought them from gun City and then on sold them
to an alleged associate of the common Cero's who he
already knew, and then he pretended to cover his tracks
a few months later that the guns had all been
nicked from his house. Because he had a gun license,
he had a gun safe, so he had to explain
(05:41):
where the guns were. So he pretended that they'd been nicked,
and he'd faked a burglary and got paid out for
it by the insurance company. But then he got busted
because what he'd said was that how they had nicked
the guns. They had nicked the guns was that the
gun safe, which was bolted to the floor, had simply
been ripped out of the house. But then when he
looked at the new gun safe that he bought to
(06:03):
replace that gun safe, they realized, man, it's actually still
the old gun safe, and there's no indication it had
been ripped out of the floor at all anyway, So
he's been payed for it today and sentence today. His
lawyer argued that he wasn't making any good decisions around them.
Clearly he wasn't making good decisions, but the reason he
wasn't making good decisions was because he had played more
than seven hundred games of rugby and quote, he's taken
(06:25):
quite a few knocks to the head over the years,
and this is clearly not a person who was thinking
about what he's doing. So that's a good one for
you if like that. Literally, most men and a lot
of women in this country probably taken a fair few
knocks to the head the old rugby games, and if
you've done enough of those, you could probably excuse them
of bad behavior. Sentence today discounts for remorse, amend's previous
(06:49):
good character guilty plea, and background factors which I assume
must be the head knocks, And so he received an
end sentence of nine months on home d here you go,
good one to have up your sleep if you end
up in court.
Speaker 2 (07:00):
For more from Hither Duplessy Allen Drive, listen live to
News Talk SETB from four pm weekdays, or follow the
podcast on iHeartRadio
Gavin Gray, our UK correspondents with US say, Kevin good
evening her happy budget day. Are you looking forward to it?
Speaker 2 (00:08):
Yeah, I'm not so sure. It's seemed so widely tryed
and you know, in the past nobody would say anything
about the budget until it was delivered to Parliament. This
one's seen so many leeks. I'm not sure anything new
will be coming up. Indeed, the Chancellor, the first ever
female chancellor and the first Labor Chancellor for fourteen years,
Rachel Reeves, was ticked off by the Leader of the
(00:30):
Commons for talking to journalists in America about her budget,
saying it was a supreme discourtesy to the House and
she was very very disappointed. Well, what do we expect.
I think we expect tax rises now all along, people
have been told this will not affect working people was
what the government was saying. But these tax rises are
(00:51):
going to affect somebody. So who and who is not
a working person is the question, and that has yet
really to be answered sig by anyone in the Labor Party.
I think we're going to see an increase in inheritance tax,
that's the tax on amounts left when somebody dies and
left to their loved ones. I think a capital gains tax.
(01:13):
Capital gains is when you make an investment or sell
a share, sell a second home, that sort of thing.
I think that tax is going to increase, and I
think we may see thresholds at which tax is paid
kept the same. And of course, because prices and inflation
is going up, that effectively is a tax increase. But
all of these are we don't know, they haven't been confirmed.
(01:35):
What we do know is the national minimum wage is
to go up, and that is putting a lot of
pressure on small businesses who say that they are already
really struggling to make ends meet.
Speaker 1 (01:47):
And so what exactly where is this money going to
be primarily.
Speaker 2 (01:50):
Directed supposedly into a forty four billion pound black hole
in the country's finances. Now, the previous government says that
is just nonsense. We didn't leave a black hole like that.
So this is just an excuse for the Labor Party
to come up with these things in order to hit
the rich or people that it deems to be rich,
(02:13):
to hit people it deems not to be working class.
And as I said, trying to find that and therefore
lots of people I think pretty fed up at the
idea that they are going to be hammered for working hard,
having savings, paying into a pension and now might get
hammered again by a new party.
Speaker 1 (02:30):
Hey, what are we expecting from this teenager that the
one who was accused of murdering the three girls appearing
in court today.
Speaker 2 (02:36):
Yeah, this is going to be very significant. So you're
remember back in July, three young girls were killed at
a Taylor Swift dance themed party in the northwest of England.
In Southward the end of July, the eighteen year old
who's accused of murdering those three girls was due in
court and now it's going to be in court today
(02:58):
charged with two more offenses, one of them about the
fact that he was allegedly manufacturing ricin, a biological toxin
and very poisonous, and also that he had or had
in possession of an Islamic state sort of a booklet
on how to commit atrocities. Those are the new crimes
(03:21):
that he faces. And plenty of people saying, well, hang
on a minute, this happened in July, the murder. You
searched his property in July. We find out right at
the end of October. Now that actually this is being
looked at potentially as a terrorism incident. They've come back
and said no, no, no, it's not terrorism because we
don't know his motive. Well, as you can imagine, there
(03:41):
are some in the former party government who was saying,
hang on a minute, there are serious questions here. Has
this government deliberately concealed this terrorism link because of course
we did have several weeks of rioting after these murders
took place, with people so concerned about migration in this country.
Speaker 1 (04:00):
Gevin, do we have any idea this console that was
used to record Abbey Road? Any idea how much is
this going to go for at auction today?
Speaker 2 (04:07):
Well, it's a very good question. It's a one off,
that's for sure, and that makes it rather difficult to
actually put a price on. But this was a console
that I was used by the Beatles to record Abby Road,
that wonderful album of Theirs, which of course has been
in and out of the charts for decades. And the
(04:28):
console was given or donated to a school, but the
school then threw it out and it was only rescued
from a skip by an absolute Well, I don't want
to be harsh, but a techno file who absolutely loves
these things. The project was started for it to be
referbed to make it work again and indeed, using expertise
(04:50):
around the UK it is. As for the price, well
it's got to be several several thousand pounds, but it's
a very one off thing to try and put a
price up.
Speaker 1 (04:58):
Very interesting stuff, Kevin, thank you really pretty to Gavin
gray are UK correspondent. Interesting defense in our court, speaking
of course, interesting defense in our court. Was it today?
I think it was today. It's about look, if it's
not today, it was yesterday. It was in the last
couple of days. About why somebody has committed a crime
and why rugby is the excuse for it. So this
(05:19):
is the case of a former mary All Blacks player,
Mutawa Parkinson, who bought guns and then on sold these guns,
brought them from gun City and then on sold them
to an alleged associate of the common Cero's who he
already knew, and then he pretended to cover his tracks
a few months later that the guns had all been
nicked from his house. Because he had a gun license,
he had a gun safe, so he had to explain
(05:41):
where the guns were. So he pretended that they'd been nicked,
and he'd faked a burglary and got paid out for
it by the insurance company. But then he got busted
because what he'd said was that how they had nicked
the guns. They had nicked the guns was that the
gun safe, which was bolted to the floor, had simply
been ripped out of the house. But then when he
looked at the new gun safe that he bought to
(06:03):
replace that gun safe, they realized, man, it's actually still
the old gun safe, and there's no indication it had
been ripped out of the floor at all anyway, So
he's been payed for it today and sentence today. His
lawyer argued that he wasn't making any good decisions around them.
Clearly he wasn't making good decisions, but the reason he
wasn't making good decisions was because he had played more
than seven hundred games of rugby and quote, he's taken
(06:25):
quite a few knocks to the head over the years,
and this is clearly not a person who was thinking
about what he's doing. So that's a good one for
you if like that. Literally, most men and a lot
of women in this country probably taken a fair few
knocks to the head the old rugby games, and if
you've done enough of those, you could probably excuse them
of bad behavior. Sentence today discounts for remorse, amend's previous
(06:49):
good character guilty plea, and background factors which I assume
must be the head knocks, And so he received an
end sentence of nine months on home d here you go,
good one to have up your sleep if you end
up in court.
Speaker 2 (07:00):
For more from Hither Duplessy Allen Drive, listen live to
News Talk SETB from four pm weekdays, or follow the
podcast on iHeartRadio
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