Liam Byrne is the Labour MP for Birmingham Hodge Hill & Solihull North. He’s written a book called ‘The Inequality of Wealth’. ✉️ 80% of what you need to know about personal finance on 2 pages Download: https://makingmoney.email/basics-guide 🤝 Improve your finances with our adviser service - book free consultation: https://makingmoney.email/financial-advisors-video 🎉Sponsors Vanta - Get your company secure and compliant, with $1k off: https://vanta.com/makingmoney. Tide - Get 4.33% AER Variable for your business account: https://tide.co/offers/makingmoneyq1 MoneyWeek - Get 6 editions of quality financial journalism for free: https://moneyweek.com/makingmoney ✉️ Newsletter If you want a summary from this episode in an easy format, please subscribe to our newsletter: https://makingmoney.email/S5E1 Disclaimer: This is not financial advice. The reason it’s not financial advice is because it’s not tailored to you. We explain the principles of building wealth but if you want personalised advice, it’s worth speaking to a financial advisor. As with everything financial, please do your own research. We really encourage that because no one cares more about your money than you and if you learn the basics then it will change your life. Chapters: 00:00-00:32 - Intro 00:32-02:38 - Has Keir Starmer read the book? 03:28-07:04 - How bad is wealth inequality? 07:04-14:10 - Politics, the media and big money 13:21-14:23 - Tide ad 14:23 - 19:20 - Why hasn’t Labour been stronger on inequality? 19:20-21:44 - Does the government actually want to devolve power? 21:44-25:21 - A 1% windfall tax on the super rich 25:21-26:16 - Vanta ad 26:16-29:20 - How to raise 200 billion to tackle inequality 29:20-33:25 - Do you pay more tax than Rishi Sunak? 33:25-38:10 - Could the UK create a sovereign wealth fund? 38:10-41:59 - A revolution in financial education 41:59-44:46 - Are wealth taxes coming? 44:46-51:51 - What about government waste? 51:51-53:35 - Can things actually change? 53:35 - 53:57 - 80% of everything you need to know about personal finance