Andy Burnham: Mayor of Manchester on financial education in schools and turbulence in the Treasury
05/19/22 • 32 min
Mayor of Greater Manchester Andy Burnham is Gabby’s guest on the pod this week. Andy became the Member of Parliament for Leigh in 2001 and served as both Culture Secretary and Health Secretary under Gordon Brown. Previously, he was Chief Secretary to the Treasury during one of the most turbulent times for the world’s financial markets.
In 2017 he left Westminster to successfully run for the new role of mayor of Greater Manchester, and was re-elected for a second term last year. Described unofficially by some as the ‘King of the North’, the married dad-of-three has been a vocal advocate for the north of England, holding the government to account over its levelling-up agenda in particular.
He tells Gabby why financial education should form part of a “curriculum for life” in schools, how Labour’s defeat in the 1992 General Election motivated him to pursue a career in politics, and why his children go to their mum for money advice rather than him.
Subscribe to the show for free to make sure you don’t miss next week’s episode, featuring the former chief executive of Virgin Money, Dame Jayne-Anne Gadhia.
The ii Family Money Show is brought to you by interactive investor (ii).
This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel.
Follow interactive investor:
Twitter @ii_couk
Facebook /weareii
Instagram @interactive_investor
Follow Gabby:
Twitter @GabbyLogan
Instagram @gabbylogan
Important information:
This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Mayor of Greater Manchester Andy Burnham is Gabby’s guest on the pod this week. Andy became the Member of Parliament for Leigh in 2001 and served as both Culture Secretary and Health Secretary under Gordon Brown. Previously, he was Chief Secretary to the Treasury during one of the most turbulent times for the world’s financial markets.
In 2017 he left Westminster to successfully run for the new role of mayor of Greater Manchester, and was re-elected for a second term last year. Described unofficially by some as the ‘King of the North’, the married dad-of-three has been a vocal advocate for the north of England, holding the government to account over its levelling-up agenda in particular.
He tells Gabby why financial education should form part of a “curriculum for life” in schools, how Labour’s defeat in the 1992 General Election motivated him to pursue a career in politics, and why his children go to their mum for money advice rather than him.
Subscribe to the show for free to make sure you don’t miss next week’s episode, featuring the former chief executive of Virgin Money, Dame Jayne-Anne Gadhia.
The ii Family Money Show is brought to you by interactive investor (ii).
This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel.
Follow interactive investor:
Twitter @ii_couk
Facebook /weareii
Instagram @interactive_investor
Follow Gabby:
Twitter @GabbyLogan
Instagram @gabbylogan
Important information:
This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Previous Episode
Sarah Willingham: Former Dragon on investing and letting her kids control the holiday budget
Sarah Willingham originally planned a career in finance before making her fortune in food. Growing up in Stoke, the entrepreneur and former Dragon on the BBC's Dragons’ Den started her first paper round at the age of 11, then took her first steps in the restaurant trade aged just 13. From there she went on to work for Pizza Express and Planet Hollywood, and then turned Indian restaurant chain Bombay Bicycle Club into a multi-million-pound business. She also, along with her husband, built and then floated the nutraceutical company NutraHealth on the London Stock Exchange.
After starting a family, she then totally changed the way she worked, pulling back from managing her businesses day-to-day so she could achieve a better work-life balance and spend more time with her four children.
Sarah tells Gabby about who gave her confidence early in her career, how she vowed to take a break from media commitments just hours before being offered a role on Dragons’ Den, and why she and her husband let their children control the daily budget on their family gap year.
Subscribe to the show for free to make sure you don’t miss next week’s episode, featuring the Mayor of Greater Manchester, Andy Burnham.
The ii Family Money Show is brought to you by interactive investor (ii).
This episode was recorded in February 2022 and is also available as a vodcast on the interactive investor YouTube channel.
Follow interactive investor:
Twitter @ii_couk
Facebook /weareii
Instagram @interactive_investor
Follow Gabby:
Twitter @GabbyLogan
Instagram @gabbylogan
Important information:
This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
Next Episode
Dame Jayne-Anne Gadhia: Former Virgin Money boss on Branson, banks and top investing tips
Dame Jayne-Anne Gadhia is widely regarded as one of Britain’s most successful bankers but, as she tells Gabby, didn’t always plan a career in finance.
Jayne-Anne helped Sir Richard Branson set up Virgin Money and as CEO steered the company through takeovers, a stock market float and eventual sale. She currently chairs the HMRC Board and, in 2020, launched Snoop, a money management app designed to help people become savvier with their spending and saving. Until last year, she was the Government’s Women in Finance Champion and was made a Dame in the 2019 Honours list. She met husband Ashok during freshers’ week at university and the couple have a daughter together.
Jayne-Anne reveals why her mum took charge of the family finances growing up, what life is like working for Sir Richard and why she’s always tried to make a positive difference when making big decisions at work.
Subscribe to the show for free to make sure you don’t miss next week’s episode, featuring adventurer Alastair Humphreys.
The ii Family Money Show is brought to you by interactive investor (ii).
This episode was recorded in April 2022 and is also available as a vodcast on the interactive investor YouTube channel.
Follow interactive investor:
Twitter @ii_couk
Facebook /weareii
Instagram @interactive_investor
Follow Gabby:
Twitter @GabbyLogan
Instagram @gabbylogan
Important information:
This material is intended for educational purposes only and is not investment research or a personal recommendation to buy or sell any financial instrument or product, or to adopt any investment strategy. The value of your investments can rise as well as fall, and you could get back less than you invested. SIPPs are aimed at people happy to make their own investment decisions. You can normally only access the money from age 55 (57 from 2028). The investments referred to may not be suitable for all investors, and if in doubt, an investor should seek advice from a qualified investment adviser. Pension and tax rules depend on your circumstances and may change in future. Past performance is not a guide to future performance. Interactive Investor Services Limited is authorised and regulated by the Financial Conduct Authority.
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