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Peter and Stephen are back after Sunderland’s European dream became reality… and somehow that led to a pub conversation about capital gains tax.
This week on How Money Really Works:
• Why political promises always sound simpler than reality
• Reform UK’s “tax-free overtime” idea
• Wes Streeting, wealth taxes and unrealised capital gains
• Why politicians are all a bit weird
• Tony Blair’s dramatic warning about Britain’s future
• Net zero, energy prices and Britain’s competitiveness
• Why long-term planning seems impossible in modern politicsThere’s also karaoke confessions, Sunderland in Europe, and the launch of Pete’s Portfolio getting one step closer.
This is financial education, not financial advice.
Follow us:
Instagram: @hmrwpod
TikTok: @hmrwpod -
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Season 2 Episode 1: Iran, Inflation, Bonds and Britain’s Political Meltdown
DescriptionHow Money Really Works is back for Season 2.
Hosted by journalist and foreign correspondent Peter Oliver alongside financial adviser Stephen Hope, the podcast breaks down the biggest economic and political stories in plain English and explains what they actually mean for your money, your mortgage and your future.
In this episode:
How the conflict involving Iran is driving up fuel prices and inflationWhy interest rates may stay higher for longerWhat bond markets and gilts actually areWhy government borrowing affects ordinary peopleThe growing pressure on Keir Starmer and what political instability means for marketsMortgages, household finances and what could happen nextStephen explains inflation through the “Freddo Index,” while Peter looks at the political fallout currently gripping Westminster.
As always, this podcast is for educational and informational purposes only and does not constitute financial advice.
Follow UsInstagram: @howmoneyreallyworkspod
Live Show Tickets
TikTok: @howmoneyreallyworkspod
YouTube: @HowMoneyReallyWorksPeter will be appearing live at the Fire Station in Sunderland for a special live recording of the WTF Sunderland podcast featuring former Sunderland AFC star Carlos Edwards.
Tickets available here:
Chapters
Fire Station Sunderland Live Show Tickets00:00 Season 2 begins
Tags
06:15 The lost episode and where we’ve been
10:40 Iran, fuel prices and inflation
14:30 What is inflation?
17:10 The Freddo Index
21:00 Why prices go up
24:30 Bonds, gilts and government borrowing explained
31:30 Why bond markets matter
36:30 Mortgages, interest rates and household finances
41:40 Labour leadership pressure on Keir Starmer
47:30 Angela Rayner, Andy Burnham and Wes Streeting
54:00 Bond markets and political instability
56:40 Ed Miliband, energy policy and net zero
1:03:40 Final thoughts and outroUK economy, inflation, interest rates, mortgages, bonds, gilts, Iran, fuel prices, Keir Starmer, Labour Party, Wes Streeting, Andy Burnham, Angela Rayner, Ed Miliband, politics, personal finance, economics podcast, UK politics, How Money Really Works
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Saknas det avsnitt?
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This week’s episode is… slightly stitched together.
Peter is in Macau for Chinese New Year. Stephen is in Tenerife on half term. The tech did not cooperate. We move.
Despite the “funk on the line”, this emergency episode still tackles some big themes:
• Why every new AI launch seems to shake markets
• What volatility actually means and why it is not the enemy
• The behavioural mistakes investors make during uncertainty
• Why Asia is outperforming while parts of the US tech sector wobble
• What the Industrial Revolution can teach us about AI today
• Diversification, time horizons and staying investedStephen explains why missing just a handful of the best recovery days can dramatically change long term outcomes. AI may feel like a steam horse in the next field, but reacting emotionally is rarely the winning strategy.
As always, this is financial education, not personal financial advice. Investments can rise as well as fall and you may get back less than you invest. Always take advice specific to your own circumstances.
This episode also marks the end of Season One. Peter is finishing one book and starting another, and Season Two is already in development with some very special guests lined up.
We will be back in around a month.
Until then, Gong Xi Fa Cai. May you get rich.
Watch the show on YouTubehttps://www.youtube.com/@HowMoneyReallyWorksPodcast
Follow How Money Really WorksInstagram
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https://www.tiktok.com/@howmoneyreallyworks -
Season 1, Episode 6 - Politics, Power & Money.
Politics, power and money collide this week as we unpack three big themes shaping confidence, behaviour and markets.
First, the renewed political noise around the Epstein-linked revelations in the UK, the spotlight on Peter Mandelson, and what this means for Keir Starmer’s authority. We look at why markets hate uncertainty, how leadership risk feeds into policy risk, and why bond investors pay attention when Westminster starts to wobble.
Then, Peter joins from Shanghai to talk about how Starmer’s China visit was seen on the ground, what visa liberalisation actually changes for business travel, and whether warmer signalling can translate into real commercial advantage. We also get into the difference between headlines and long-term exposure, and why face-to-face meetings still matter in Chinese business culture.
And finally, when trust feels shaky, where does money go. Gold, silver, crypto, defensive assets and the idea of a “digital hedge”. We talk about why these assets can rise fast, fall fast, and why diversification is usually the dull answer that keeps people sane.
As always, this is not financial advice. It is a conversation about how money really works.
Follow the show
Instagram: https://www.instagram.com/hmrwpod/
TikTok: https://www.tiktok.com/@howmoneyreallyworks
If you have a question you want us to tackle, send it in the comments or through the socials.
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In this episode, Peter Oliver is joined by Frankie Francis, musician, venue operator and one of the people behind Sunderland Music City.
They talk about the real economics of live music in the UK. This includes the impact of 20 percent VAT on venues, what government support helped after Covid, where it fell short, and how Brexit has changed touring for UK bands nearly ten years on.
A practical, first hand look at why grassroots venues are still under pressure and what that means for artists, audiences and local music scenes.
Follow How Money Really WorksInstagram
https://www.instagram.com/hmrwpod/TikTok
https://www.tiktok.com/@howmoneyreallyworksX
https://x.com/HMRWpodYouTube
Follow Frankie Francis and Sunderland Music City
https://www.youtube.com/channel/UCuH_AxxJZ_ojBdLL3C2LpfA/Frankie Francis
https://www.instagram.com/frankie____/Frankie and The Heartstrings
https://www.instagram.com/frankiestrings/Sunderland Music City
Disclaimer
https://www.instagram.com/musiccity.uk/This podcast is for general information and discussion only.
Nothing should be taken as financial, tax or legal advice. -
How Money Really Works – Season 1, Episode 4
This week, we start with the pressure people are actually feeling at the checkout.
UK shop prices are rising at their fastest pace in almost two years, even as headline inflation is supposed to be easing. We look at why everyday essentials still feel more expensive, what that means for household budgets, and how rising costs quietly change behaviour and financial decisions.
We then turn to the UK’s relationship with China, as Keir Starmer heads to Beijing. Not alignment, not confrontation, but a reset. We discuss what that signal means for confidence, trade, visas, and long-term investment, and why calm diplomacy matters more to markets than political noise.
Finally, with the self-assessment deadline days away and the tax year moving toward April, we break down what actually matters now. What happens if you miss the deadline, what penalties really look like, and why January closes the paperwork but not the planning.
Important note:
Nothing you hear on this podcast is financial advice. This is financial education only. You should always seek professional advice before making decisions about your own money.You can find us on:
Instagram: @HMRWpod
TikTok: How Money Really Works
YouTube: How Money Really Works Podcast
X: @HMRWpodIf you enjoy the show, please follow or subscribe wherever you listen or watch. It really helps more people find us.
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Why does earning more money in Britain increasingly not feel like getting richer?
In this episode, Peter and Stephen look at how geopolitical uncertainty, tariffs, and quiet tax changes shape markets, confidence, and everyday financial decisions. From global politics feeding directly into household costs, to why uncertainty changes behaviour more than bad news, we break down what’s really going on beneath the headlines.
We explore the impact of shifting rules on retirement planning, why ordinary families are increasingly considering trusts, and what that says about confidence in the system. Finally, we explain the £100,000 tax trap — how it works, why it creates an effective 60 percent marginal tax rate, and why it can discourage people from earning more.
This episode is about incentives, behaviour, and confidence — and why none of this is random once you understand how the system fits together.
Key TakeawaysGlobal political uncertainty feeds directly into markets and consumer confidenceQuiet tax changes influence behaviour as much as headline tax risesConfidence matters more than performance in long-term planningThe £100k tax trap creates powerful disincentives to earn morePolicy design shapes financial behaviour, intended or notImportant NoteThis podcast is financial education, not financial advice.
Get in Touch
Always seek professional advice before making financial decisions.Have a question, situation, or story you’d like us to explore?
Instagram: https://www.instagram.com/hmrwpodTikTok: https://www.tiktok.com/@howmoneyreallyworksYouTube: https://www.youtube.com/@HowMoneyReallyWorksPodcastTakeaways
Uncertainty in global politics affects markets and consumer confidenceTax planning and financial decisions are impacted by policy changesChapters
00:00 Geopolitical Uncertainty and Market Impact16:45 Impact on Retirement Planning25:24 Rising Interest in Trusts37:00 The 100K Tax Trap47:28 Policy Impact on Financial Decisions -
How Money Really Works
Season 1, Episode 2
Business Rates, Pubs and Public Spending
Published: 15 January 2026Episode summary
In this episode of How Money Really Works, Peter Oliver and Stephen Hope examine how political decisions filter through to everyday finances, from household bills to local businesses.
We begin with the global backdrop. Rising geopolitical tensions involving Iran, Venezuela, and energy supply routes are once again pushing oil prices higher. While there are no immediate shortages, markets are pricing in risk, keeping inflation expectations elevated and interest rates higher for longer. Stephen explains why oil acts as a silent tax on households and why inflation easing does not mean prices fall.
Back in the UK, we look at the government’s £45 billion commitment to rail infrastructure through Northern Powerhouse Rail and the Trans-Pennine upgrade. The discussion focuses on what long-term infrastructure spending really means for savers and taxpayers, why the benefits take decades to materialise, and why short political cycles often undermine delivery.
The second half of the episode turns to business rates and the growing crisis facing pubs and hospitality. With the current 40 percent business rates relief ending in April and a full revaluation coming into force, many pubs face sharp cost increases with no confirmed replacement policy in place.
We hear directly from David Lawrence, landlord of the Black Bear Inn in Moreton-in-Marsh, on what these changes mean on the ground. David explains how rising fixed costs, VAT rules, and rateable value calculations are pushing independent pubs to the brink, and why hundreds of venues could close if nothing changes.
Finally, Peter and Stephen zoom out to the wider implications. How higher business costs feed into prices, jobs, and local communities. What sticky inflation and higher interest rates mean for mortgages, savings, and day-to-day living. And why governments are increasingly boxed in between debt, growth, and voter pressure.
What we cover in this episode
• How geopolitics feeds into inflation and interest rates
• Why oil prices matter even when supply is stable
• UK rail investment and the reality of long-term infrastructure spending
• Business rates reform and the end of hospitality relief
• The financial reality facing independent pubs
• How rising costs affect prices, jobs, and local services
• What higher-for-longer interest rates mean for households
• The political trade-offs shaping public spending decisionsImportant disclaimer
Nothing discussed on this podcast is financial advice.
This show is for financial education only.
Always seek professional advice before making decisions about your money.Follow and contact the show
Instagram
@hmrwpodTikTok
@howmoneyreallyworksYouTube
@HowMoneyReallyWorksPodcastX (Twitter)
@HMRWpodQuestions, comments, or ideas for future episodes are always welcome.
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In our first episode of How Money Really Works, we look at the gap between the headlines you see in the news and what actually happens to people’s money afterwards.
We start with global politics and oil, looking at why events involving the United States, Venezuela and Greenland matter to markets, even if they don’t hit household finances immediately. From there, we bring it back to the UK and unpack the economic backdrop, the Office for Budget Responsibility outlook, and the quiet consequences of last year’s Budget that are only now starting to be felt.
We talk about fiscal drag, frozen tax thresholds, ISAs, pensions, cost of living pressures and why many people feel worse off even when markets appear calm. We also look ahead to the political debate heading into the UK local elections and why cost of living has become the battleground.
This is a show about financial education, not financial advice. We don’t make predictions or tell you what to do. We explain how the system works, how policy decisions filter through over time, and what that means for ordinary people trying to plan ahead.
Follow the showInstagram: @hmrwpod
Important notice
TikTok: @howmoneyreallyworks
YouTube: @HowmoneyReallyWorksPodcastThis podcast is for financial education only and does not constitute financial advice. Always speak to a qualified financial adviser before making decisions about your money.
Contact Stephen Hope WealthIf you would like to make an appointment with Stephen Hope to discuss any of the topics covered in this episode:
Email: [email protected].uk
Instagram: https://www.instagram.com/stephenhopewealth
LinkedIn: https://www.linkedin.com/in/stephen-hope-0ab30b54 -
This is the trailer for How Money Really Works.
A new podcast about the gap between what gets announced in Westminster and what actually shows up in real life.
Taxes. Pensions. Mortgages. Markets.Peter Oliver and Stephen Hope have known each other since they were teenagers.
One spent his career covering politics.
The other works every day with money.This show connects those two worlds.
No hype.
No panic.
No pretending there’s one right answer.This is financial education.
It is not financial advice.New episodes every Thursday.
