Watch: Insider's Business Briefing - 30th October - video Dailymotion

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Jennifer and Laurence discuss the Budget, a law firm on the look out for a new office and a pudding maker in Northern Ireland.

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00:00A landmark budget, a law firm on the lookout for new offices and a pudding

00:06manufacturer in Northern Ireland. That's all coming up in today's business

00:10briefing.

00:16My name is Lawrence Cullganan. And I'm Jennifer O'Keefe. Well morning Jen, so it's a

00:22big day for the world of business where proceedings are dominated by the

00:26budget. It's the first Labour budget for more than 14 years, so a huge day for

00:33for Labour. And actually I think it's a chance for them to start owning the

00:38sort of the Parliament because there's been a lot of talk about 22 billion

00:42pound black holes and so on. And eventually I think people want to say

00:45well what are you going to do about it? So today's a real chance to find out

00:49more. And for everyone else interested be sure to go to insidermedia.com because

00:54we're running a live blog through the day which will have the pick of the

00:58announcements, reaction to that. And we'll also be sending out our regionalised

01:02newsletters after the Chancellor sits down. So that'll be about 2.30 to 3

01:07o'clock. And we're getting a representative from MHA coming in to

01:12talk about the finer points of the budget. So it's a busy day ahead and an

01:15exciting day. I mean it's always a bit of a smoke and mirrors before any budget

01:21and this time there's been suggestions that there might be changes to the

01:25capital gap tax system, capital gains tax sorry, and also talk of maybe changes to

01:32inheritance tax. So we'll wait and see. And normally we expect a infrastructure

01:38announcement of some sort. So there has been machinations behind the scenes to

01:42create a bit more room I understand. So it'll be interesting to see if we do get

01:46some big announcements, big schemes going forward. But Jen what have we heard so

01:50far? Yeah so a few of the things that we know so far is that there will be a new

01:55£3 cap on bus fares which will replace the current £2 cap. Also the

02:01government has pledged during the week of a £240 million funding boost to

02:07accelerate the rollout of local services to help people get back into work.

02:12Aside from that in schools, from January 1st private schools will no

02:19longer be exempt from that. Yeah that caused a big fuss didn't it because I

02:25don't know people were saying oh no it was an outrage and there was some talk

02:30that the government was considering rowing back from that. But I think that's

02:33been sort of rubbish so we'll wait and see. But these are decisions that make

02:39big sort of difference to people's lives and the amount of

02:43disposable cash they have. So we'll certainly wait and see what's going on

02:48there. I mean there has been a lot of talk about we need to sort of reset the

02:53economy, bigger shoulders will bear the bigger burdens and so on. So the

02:58mood music is slightly different and it will be interesting to see how

03:02the government handle it because there was also a lot of talk that they

03:05won't be sort of increasing taxes for working people but they really have

03:09tied themselves up in knots as to what that equates to. So again

03:14we'll see what happens and it will be interesting. And as well as the

03:19announcements we'll have all the reaction afterwards as well so it'll be

03:22very interesting to see. Now away from that, away from the budget, we have some

03:28information, some news about a pudding manufacturer to lighten the mood. Yeah a bit different.

03:32So over in Ireland the Ironman based desserts manufacturer Davidson's

03:38it announced it's expanding its range with new ready-to-eat puddings.

03:42Fantastic. I saw that they make trifles, that was on my Sunday lunch

03:46this weekend. So the news came as it received a £6 million funding line

03:54from HSBC UK. So it's a family-owned business and it specialises in hot

03:59desserts for retail and food services and employs almost 120 people.

04:04Fantastic. Yeah so it said it will use the funding to refurbish an existing

04:08unit and that is on-site and to purchase a new automated process and

04:13packing line. Right okay, well good. More investment in puddings is always a good

04:18thing as far as I'm concerned. Another interesting story actually was over in

04:22the Northwest where JMW Solicitors has revealed they're on the lookout for a

04:27new office in Manchester City Centre. Often you find out that they've struck

04:32the deal but this time that they've sort of let us know that they are on the

04:35lookout for a new base. They have two sites in Manchester currently and three

04:39Harbour Street and one Byron Place where they employ about 600 people. So for

04:44landlords in the city centre it's a real sort of right okay well I've got just

04:48the thing for you. So it'll be really interesting to see where they turn up

04:51and I look forward to hearing more about that. So to find out more about the

04:56stories Jen and I have been talking about go to insidermedia.com. There you

05:00can also find out how to get on to our live vlog this afternoon for the budget

05:04and also subscribe to our newsletters and our magazines. That's everything from

05:11us today, see you next time.

Watch: Insider's Business Briefing - 30th October

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