Original Broadcast: This is Money
The Bank of England decided to hold the base rate for the sixth time in a row this week – but was it the right decision? Should the MPC have been bold and made a cut? What does it mean for our mortgages and savings? And when will a move come - and in what direction? Georgie Frost, Simon Lambert and Lee Boyce talk about the base rate decision and what happens next. In the world of property, the number of homes being devalued is on the rise. So, what's going on? And what can you do if it happens to you? Bungalows are having a moment. They're not just for the elderly and downsizers, young families and first time buyers are also increasingly interested - pushing the price of them higher since the pandemic. Energy firms have been trying to push smart meters on us for years: have they uncovered a new trick to get us to make the swap? And finally, it's been good news for JD Wetherspoon - the no frills pub chain said it expects annual profits to come in towards the 'top end' of forecasts. Where do you stand on Spoons? Lee and Simon face-off with different pints of view on the pub giant.
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Original Broadcast: Thought for the Week
England delivered a withering verdict on its ruling Conservative Party last week, but the motley spread of replacement parties plus low turnout revealed a population thoroughly disenchanted by politics. Democracy is calling for a fresh perspective, based on reason and logic. We need to draw inspiration from people like Thomas Jefferson who said, 'We hold these truths to be self-evident: that all are created equal, that they are endowed with certain unalienable rights, and that among these are life, liberty, and the pursuit of happiness.' Background music: 'Freedom' by Dan Lebowitz
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Original Broadcast: This is Money
You can wait a long time for a FTSE 100 record high but for peak-starved British investors this week delivered a bonanza. Four record highs were racked up by the FTSE 100, with only Wednesday's slight dip spoiling what would have been a perfect run over a week. The return to new highs on Thursday came as a mega-mining merger bid arrive from BHP for Anglo American - and that was followed swiftly by one of the UK's few tech stars Darktrace announcing it had accepted a bid on Friday. Are these the catalysts that fund manager Nick Train was talking about when he said it could take a big takeover to shake UK stocks out of their slumber and get the world investing in Footsie companies again? Georgie Frost, Tanya Jefferies and Simon Lambert look and what's moving the UK market, why it is judged to be cheap and whether you should invest. Plus, the top investment trusts for retirement investing and the latest twist in the state pension top-ups saga. Should we cut inheritance tax - or at least sort out the mess - as the take soars? And finally, are you a backseat driver? See if you can pass the test.
Guests: Tanya Jefferies
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Original Broadcast: This is Money
How long before inflation reaches 2% — and could record rainfall send food prices soaring? The new ISA comes in, but will your bank provide access? Plus — Georgie Frost, Simon Lambert and Angharad Carrick discuss how much supermarkets charge for a bag, and what they get out of it. Also — Woodford is back ...
Guests: Angharad Carrick
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Original Broadcast: Thought for the Week
Just in the United Kingdom alone, it has been estimated that there is £200 billion lying unclaimed as dormant assets. Better analysis is needed, more use should be made of search facilities by families — but the money needs to be put to work, prioritising inter-generational rebalancing. The Dormant Assets Act 2022 is a major step forward by Government, and the Reclaim Fund will enable its provisions to be put into practice. This will become an increasingly important contribution to empowering disadvantaged young people as the birth rate falls. Background music: 'Sea of Ancestry' by Jesse Gallagher.
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Original Broadcast: Thought for the Week
The Bank of England has sounded its strongest warnings yet of the danger to financial stability from Private Equity, and the London Evening Standard simultaneously reported the serious attrition of London Stock Exchange trading activity. We explain the close connection between these, and call for a more global perspective. It's important that both Finance and Government rise to this challenge, so that the United Kingdom can continue to provide a leading role in the development of the global manifesto for which we called on 2nd January. Background music: 'Dark Alley Deals' by Aaron Kenny
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Original Broadcast: The Financial Outlook for Personal Investors
The debate on 19th March 2024 was hosted by Sir Jeremy Quin MP to call for the need to simplify family access to Child Trust Funds for disabled young people, and a number of MPs contributed to the debate, including Danny Kruger and Ed Davy. The audio record is provided by Parliament Live, and is an unabridged recording of proceedings, without additional comment. Listeners may notice an adjournment for voting in the House of Commons.
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Original Broadcast: This is Money
There are just a few days to go before the end of the tax year and that means it's time to sort your ISA, pension and finances before it's too late. With another tax raid on the way for investors on capital gains and dividends, this is one of the most important tax year ends in years. Simon Lambert talks to Rob Morgan, of Charles Stanley Direct, to find out what investors need to do and why sorting your pension and ISA can save you a substantial amount in tax.
Guests: Rob Morgan
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Original Broadcast: Thought for the Week
Rachel Reeves points to a sea change in economic policy, 'As we did at the end of the 1970s, we stand at an inflection point': but there's no indication, apart from a tiny hint of criticism for an 'inflexible welfare state', of moving away from the socialist dogma which is ruining health services in the United Kingdom. Meanwhile the Conservatives' fear of losing electoral support among the elderly leaves them incapable of introducing mandatory health insurance for wealthy old folk which the NHS can draw down as it's used. It's a confrontation where no strategy exists that allows any party to achieve victory — the only way through is to look for a consensus. Background music: 'People Watching' by Sir Cubworth
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Original Broadcast: This is Money
The Bank of England held interest rates again this week as inflation dropped once more. So, are we out of the woods yet? Will inflation keep coming back down towards target and the Bank of England soon seamlessly switch back to cutting rates? Or will central bankers be keen to hold onto higher rates, even if we get hit by a bout of disinflation? Georgie Frost, Lee Boyce and Simon Lambert look at what next for inflation and interest rates and what it means for your money. Also, should the Waspi women who saw their state pension age rise rapidly be compensated for the poor communication and how much of a victory was this week’s Parliamentary Ombudsman Waspi report a victory for them? As that happened, more news emerged on underpaid state pensions – as exposed by our Tanya Jefferies and pension columnist Sir Steve Webb, and the team update us on that. Plus, what’s going on with the chaos at HMRC and who is to blame for the failure to keep up with our increasingly tricky tax system. And finally, meet the Scambaiters – we find out what they do and why.
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