Treat: Isabel Webster loves to buy new handbags
GB News presenter Isabel Webster would cut the cost of public sector pensions and cancel an increase in national insurance if she were made Chancellor of the Exchequer.
The 39-year-old girl, who presents a GB News breakfast show with Iman Holmes on weekday mornings, reveals that she hides her head in the sand when it comes to money problems.
Webster lives in south-west London with husband Liam Pierce, 38, and two children, William, 6, and Poppy, 4. She talked to Donna Ferguson.
What did your parents teach you about money?
Not to mention that. Both of my parents were hard-working architects who cared more about doing interesting and stimulating work than making a lot of money and being cheeky. In fact money was a taboo subject when I was growing up.
My mother was self-employed and was careful with money – she was never slapped – but she just didn’t like to talk about it. We swore or talked more about sex than about money. I still frown as an adult when discussing money.
Was money limited when you were growing up?
I don’t remember it being hard, but I recently learned that there were times when my parents worried about paying for school.
As a result, my brother and I were encouraged to go on scholarships. I remember my parents were thrilled when we got them.
Have you ever had a hard time making ends meet?
Hand on heart, the answer is probably no. Like most people, I started not making a lot of money in my 20s.
There were times when I was worried I wouldn’t be able to afford to buy a house. But I was lucky that my parents supported me financially.
They helped me buy my first apartment. This meant that I never got to the place where I struggled to make ends meet, thanks to their generosity.
They did not spoil me or my brother, but helped us if otherwise it was difficult for us. I don’t know if I will be able to do the same for my children.
Have you ever been paid stupid money?
No. I want to, but never say never.
What year was the best in your financial life?
It was 2014. This year I went from a full-time correspondent to a TV presenter.
My new job came with a significant salary jump. I didn’t want to go into detail about how much I was earning, but it was my big break.
On set: Isabel Webster presents the GB News breakfast show with Iman Holmes on a weekday morning
What is the most expensive thing you bought for fun?
It was a week-long family vacation in Portugal that we set off in May 2021. I remember Covid’s rules changed while we were there and everyone tried to get home, but luckily we survived. And we had a good time.
It cost a few thousand pounds – more than I had ever spent on vacation before – and was worth every penny.
What is your biggest money mistake?
Burying his head in the sand. Money doesn’t interest me, and I don’t like to talk about it when there are problems or a bill to pay.
When an account arrives in the mail, my husband has to make me open it. Even when it comes to paperwork or billing for work I do – things that are entirely in my best interest – it’s always at the bottom of my list. I can always find 8,000 other things to do.
The best money decision you made?
Bought my first property, a two bedroom apartment in Clifton, Bristol, in the late 2000s when I was in my mid 20s.
When my grandmother died, she left an inheritance on which I received money to buy this apartment along with some parental support. I sold it in 2015 for £ 215,000 and I think I earned around £ 100,000 on it.
A good move: Isabel Webster says buying an apartment in the Clifton area of Bristol in her mid-20s was the best money decision she ever made when she sold it for around £ 100,000
Are you postponing retirement?
Yes, and I’ve been doing it since I got my first job at the BBC at the age of 25. It seemed reasonable to me because the BBC was also making contributions to my pension.
If you take into account the employer’s contributions, then for the entire period of work I paid a pension of about 10 percent of what I earned.
I want to be able to maintain the standard of living I received when I retire and not have to work forever.
Do you invest directly in the stock market?
Yes, over the last few years I have reached the maximum allowance of Isa on stocks and shares. My husband and I have also made similar investments for our children. We tend to invest in funds that track certain stock markets.
Do you own any property?
Yes, a townhouse in south-west London. We turned it from two bedrooms to four before the birth of the second child. We spent £ 80,000 and added about £ 200,000 worth of value.
What is this little luxury that you will treat yourself to?
I like the new handbag. When I got a new job at GB News, I was treated to a classic Louis Vuitton bag. I think it cost about £ 1,000.
If you were Chancellor, what would you do in the first place?
The public sector needs to be trimmed and be more efficient. I would start by reducing the cost of pensions in the public sector. I would also get rid of a trip to National Insurance.
Do you donate money to charity?
I do. I donate to the Rescue of Children and Emergencies Foundation, which raises money to help those fleeing the bombings in Ukraine.
What is your number one financial priority?
To give my children a better start in life, as my parents did for me. We are already saving to help our children at school and university.
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UK news star Isabel Webster: “I bought a £ 1,000 handbag when I got a job with Iman Holmes”
Source link UK news star Isabel Webster: “I bought a £ 1,000 handbag when I got a job with Iman Holmes”