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Andy Burnham has been Prime Minister for about 80 days, and his first Budget lands on 28 October. Chris and Gareth go through what’s been announced so far, what’s being floated, and what they actually expect on the day.

In this episode:

• The “flood the zone” approach: lots of small announcements, from the energy bill cut and £2 bus fares to business rate cuts for pubs, clubs and music venues
• Your First Home: the new low-deposit equity loan scheme, how it works, and whether it helps the people who need it or just pushes prices up
• Why the Chancellor has lost around half the headroom he inherited, and what higher borrowing costs mean for the Budget
• The ideas being floated: a higher personal allowance, a property tax to replace council tax and stamp duty, a flat 10% inheritance tax, and bringing capital gains tax in line with income tax
• The £90k VAT threshold and the £100k income “cliff edge”, and why they hold people back
• Should the country be run more like a business?
• Our predictions for the day

The big takeaway: don’t act on anything you read in the papers before the Budget. Wait for the detail, because even confirmed changes often go through consultation and come with a lead-in period.

We’ll be recording a special episode as the Budget is announced on 28 October, so make sure you’re subscribed.

Got a question for the show? Email help@seriousmoneypod.com or find us on Instagram @seriousmoneypodcast.

This podcast is for general information only and isn’t financial advice. Speak to a qualified adviser about your own situation.