Original Broadcast: This is Money
Making predictions can be a mug’s game and never has that proved more true than for any made at the start of 2020. It’s been an astonishing year, when the lives and freedoms we took for granted were dramatically disrupted – and one where ordering people to stay at home triggered the biggest economic crash in the UK since the Great Frost of 1709. While looking forward to what might happen in 2020 will have proved fruitless, looking back certainly provides a few things to talk about. On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look back over 2020 and by popular podcast listener demand combine it with the return of a socially-distanced Zoom Christmas taste test. The team look at the low points, the high points and the bits in the middle of the year that has passed so far – and probably still has more to give. From the economic nosedive, to the flirtation with negative rates and the stock market and housing market’s surprising buoyancy, they pick through the main issues. And they look for the stories that provided some light relief, including Britain’s unlikely pandemic spending spree and hot tub boom.
Guests: Simon Lambert,Lee Boyce
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In this episode of Policy Matters, hosts Franz Buscha and Matt Dickson look back at some of their favourite episodes from 2020, highlighting the things they found most interesting about the research shared by a selection of different guests.
Guests: Matt Dickson
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Original Broadcast: This is Money
Is buy now, pay later the demon it’s made out to be? Klarna, Laybuy and the rest of the delayed spending crew are coming in for lots of scrutiny at the moment. Shoppers love them and shops pay them, but there are concerns on over-spending and the cost of not meeting payments. Yet, surely spreading the cost of a purchase interest-free is a sensible financial move? On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss the rise of the buy now, pay later firms, how they work, how they make their money on interest-free credit, and why there are worries over what on the surface looks like a great deal. On the topic of shopping, the team also talk trying to avoid Amazoning everything this Christmas – and where to turn to get things from local shops with convenience. Also, the team looks at why the Bank of England held interest rates even as more tiers pain descended on Britain, the website that matches start-up ideas and the people who can do the work and finally Grace Gausden joins the show to discuss her Grace on the Case consumer column.
Guests: Simon Lambert,Lee Boyce
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Original Broadcast: The Talk by the WealthiHer Network
Tamara Gillan takes a look back at some of her favourite episodes and top tips from guests in 2020.
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Original Broadcast: This is Money
This week, a new in-depth report from the Wealth Tax Commission recommended a one-off 'wealth tax' on the richest households rather than hiking taxes for the masses. It comes as the national debt has spiralled this year as the Government spent more than £280billion tackling the pandemic and its financial fallout, with Chancellor Rishi Sunak claiming the 'economic emergency' has only just begun. How would it work, could it be a good idea and how unpopular would it prove? Simon Lambert, Lee Boyce and Georgie Frost take a look. Elsewhere, millions of mortgage payment holidays have been handed out since March - an agreement with lenders to help homeowners during the coronavirus crisis. But for one couple who extended the payment holiday, it turned into a credit report headache when they looked to downsize. In the property market, a new report suggests that stamp duty savings are now being wiped out by house price gains in recent months. Should investors run to the hills if one of the companies that you are invested in or are tempted by has a big pension scheme? And lastly, we give yet another update on the port fiasco in Britain, with the perfect storm of coronavirus, Brexit and Christmas.
Guests: Simon Lambert,Lee Boyce
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Original Broadcast: This is Money
December had barely begun when two of Britain's biggest High Street names collapsed. Sir Philip Green's Arcadia, the group that contains Topshop and Miss Selfridge, fell first - followed swiftly by Debenhams. Bonmarché, owned by retail tycoon Philip Day, then also slumped into administration. So how bad is the crisis on the High Street, if these stores couldn't even make it through the Christmas trading period? Can traditional bricks and mortar compete against the online giants and upstarts? Have the likes of Boohoo and Asos, put the fashion High Street online-only and there is no place for the likes of Topshop anymore? Or is there more that lies behind this story, such as financial engineering, debt, sale and leasebacks, and the lack of wriggle room that leaves when things take a downturn? On this week's podcast, Georgie Frost, Lee Boyce and Simon Lambert discuss the pre-Christmas High St collapse. Plus, why you should avoid gift vouchers and cards this year, the art of flipping houses for a profit - and why those after a quick buck should beware - and why it is worth having a pension.
Guests: Simon Lambert,Lee Boyce
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Original Broadcast: Policy Matters
In the midst of the second COVID-related national lockdown for England, this episode of Policy Matters sees hosts Franz Buscha and Matt Dickson revisit some of the questions that were being asked in the first episode recorded under lockdown restrictions back in April. They start with some personal reflections on what life has been like juggling working-from-home and home-schooling over the months since the pandemic began, and thinking about the impact that the disruptions to education will have on school-aged children and inequality. Franz and Matt then discuss some of the academic research related to the pandemic; highlighting in particular the unintended consequences of policies like the “Eat out to help out” scheme, and considering the different ways in which the pandemic has affected the self-employed. The programme ends with a look ahead at some of the longer-term effects this experience might have on birth-rates and the implications these may have, and also considers what positive policy lessons could be taken forward and acted upon in the future.
Guests: Franz Buscha
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Original Broadcast: This is Money
'Be greedy when others are fearful.' Warren Buffett's investment adage was tested this year when the coronavirus crash hit and sent stock markets tumbling in late February and early March. But as nations went into lockdown, economies nosedived and draconian measures surpassing most seen in living memory were introduced, it was hard for most investors to get up too much of an appetite, however many times they may have heard that line. There seemed to be no way that markets would recover for some time and the most likely course was down. Then the rebound came, but still it all looked to good to be true - as if it was just fools and their money being parted in a FOMO rally. Except, it turned out to have legs. The world's dominant stock market, the US, has been on a tear since late March and many other countries have bounced back too. So, has the opportunity to go bargain hunting passed? Could our own humble stock market be one of the last places left where you can do it? Are we missing a trick and ignoring the fact the world has changed and there is no point talking about cheap value investments, just get on the tech train? On this week's podcast, Georgie Frost and Simon Lambert discuss investing bargains: what that means and whether there are any left? Also, while the stock market has been on the rise, the economy has been taking another lockdown beating. Chancellor Rishi Sunak updated us this week on the state of the UK economy, so how bad was the news? Also this week, NS&I and Marcus cut rates, so what can savers do now, and finally, is triple glazing worth splashing out on?
Guests: Simon Lambert,Lee Boyce
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Original Broadcast: Economist Questions
Many aspects of the COVID-19 pandemic have been unprecedented – including the extent to which it has forced the UK population to engage with statistics. This has been a challenge for Government, and it has not always gone well. However, with 190 policies enacted in the first six months of the pandemic - costing around £210 bn - it was never going to be easy. We talk to Vicky Pryce, Chief Economic Adviser and board member at the Centre for Economics and Business Research (CEBR), on lessons that can be learnt from the last 9 months. This matters enormously, as a recent global survey identifies a clear relationship between individuals’ trust in information from government and the likelihood of engaging with vaccination programmes.
Guests: Vicky Pryce
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Original Broadcast: The Talk by the WealthiHer Network
This month we launched The WealthiHer 2020 report “The Changing Faces of Women’s Wealth” which gives valuable insights into women’s and men’s financial confidence, attitudes to and needs around money, workplaces and equality, both in the UK and Asia. It is clear Covid-19 has had a major impact and nowhere was this truer, than for women and their responsibilities to family, job security and financial prosperity. Women are 1.8 times more likely to have lost their jobs or quit, compared to men. The Institute of Fiscal Studies found that women in the UK are working 156 more hours a month than their partners in support of care of the family or the household; and the gender pay gap has shifted back 60 years as a result of the crisis. In this episode, Tamara Gillan is joined by Michelle King: world-renowned equality expert who has led the charge on strategy for UN Women and Netflix Inclusion. Michelle is armed with more than 16 years’ research and a deep understanding of the invisible barriers that hold women back at work, and how we need to face up to these and collaboratively fix workplaces, not women. Michelle has also just joined us as the MD of WealthiHer female leadership Academy.
Guests: Michelle King
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