This is Money Podcast

This is Money

What you need to know about money each week and what the news means for you, from the UK's best financial website.

  • 1 hour 3 minutes
    Should the Bank of England have cut interest rates instead of holding firm?
    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?

    This week, 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.

    10 May 2024, 3:34 pm
  • 58 minutes 20 seconds
    Mortgage rates are rising again - should we be worried?
    With not one but two mortgage spikes fresh in our minds, a flurry of rate rises have got home owners and potential buyers worried again.

    A bunch of major mortgage lenders raised their rates this week - and Santander did it twice.

    So, are we about to see another mortgage spike or is this just what brokers and lenders like to optimistically call a mere 'repricing'?

    And what does this all mean if you need to remortgage soon or want to buy a home?

    On this podcast, Georgie Frost, Helen Crane and Simon Lambert take a look at what's happening in the mortgage market, why rates are rising and whether the Federal Reserve flapping its wings on the other side of the world pushes up our homeowning costs.

    Plus, Simon explains why you may not want to put all of your savings into your pension as it might dent early retirement chances.

    The team look at how at the other end of the scale someone with a bigger pension than they need could pass it to their grandchildren.

    Helen details a worrying Crane on the Case theft and how to protect yourself - and finally we discuss whether a passkey is the answer to our fraud fears.
    3 May 2024, 5:20 pm
  • 51 minutes 41 seconds
    Is the FTSE 100 finally having its moment in the sun?
    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?

    On this week's podcast, 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.
    26 April 2024, 6:01 pm
  • 53 minutes 12 seconds
    Is there a risk that inflation falls and then spikes again?
    19 April 2024, 5:21 pm
  • 55 minutes 28 seconds
    State pension boosted by 8.5% from this week - will it ever become means tested?
    Older people received another boost to the state pension this week taking the full rate to over £11,000 a year.

    This year's increase of 8.5 per cent was thanks to the triple lock commitment - a guarantee the state pension will rise each year by the higher of CPI, wages or 2.5 per cent.

    What does the future hold? While there is plenty of speculation the state pension may become means tested, in reality it could be incredibly hard to implement.

    This week, Tanya Jefferies, Georgie Frost, Helen Crane and Lee Boyce talk state pensions – and how they compare to other countries.

    And sticking on the theme, there is another delay for the Government’s new online state pension top-up service. When will it launch?

    NS&I has a four day IT meltdown that makes it a struggle for customers to log-in – and it suggests to one that she may have a ‘time drift.’ What does this bizarre explanation mean?

    Crane is on the Case once more, this time Eon is in the firing line after it insisted a part-time dance teacher used £95,000 worth of energy… in a month.

    And who on earth would hold an American Express card in their wallet with an APR 704.6 per cent? Lee has the answer.

    12 April 2024, 6:37 pm
  • 58 minutes 50 seconds
    Beware fixed-rate savings trap… and secrets from an Isa millionaire
    There's a warning for savers who's fixed term deals are coming to an end - don't take your eye off the ball now or risk having your returns wiped out in a matter of months.

    A year ago, there was a flurry of savers choosing fixed-rate bonds as they improved drastically. But if you don't act, the chances are it'll rollover into an awful rate.

    On this week's This is Money podcast, Helen Crane, Lee Boyce and Georgie Frost talk savings, just as we head into a new financial year.

    Also on the savings front, NS&I reveals the rate of the new British Savings Bond - is it worth it? And an Isa millionaire reveals all to This is Money on how he built up a seven-figure pot.

    Helen tackles another reader problem – this time, it's a case of the unwanted and unneeded Sim card costing a pensioner couple hundreds of pounds.

    And on the utilities front, Lee reveals how Ofcom saved him from a 75 per cent rise in his monthly broadband costs, and why you should check if you're out of contract with your mobile phone.

    Mortgage approvals are up - but house prices nudge lower. What's going on? 

    Meanwhile, research shows a record third of all homes are being bought by first time buyers – and they make up 89 per cent of buyers in one Berkshire town.

    Lastly, entrepreneur Tim Armoo runs the rule over five money-making fads doing the rounds on social media – are any of them worth your time?

    5 April 2024, 7:00 pm
  • 46 minutes 5 seconds
    Is a 99% mortgage really that bad?
    The row over small deposit mortgage is the gift that keeps on giving.

    Hot on the heels of the Budget plan that never appeared arrives Yorkshire Building Society's new deal, that's been dubbed a 99 per cent mortgage.

    But is it really one of those and does it have any redeeming features?

    And if it's cheaper than you rent, is there anything wrong with taking a 99 per cent mortgage?

    On this week's This is Money podcast, Georgie Frost and Simon Lambert talk tiny deposit mortgages, negative equity and buying vs renting.

    Plus, gift card draining scammers, can your pension last retirement, and finally, where are the experts investing their Isa and how can you easily sort yours?
    29 March 2024, 9:16 pm
  • 34 minutes 21 seconds
    How to sort your pension and Isa before the tax year ends
    There is less than a fortnight 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.

    On this special bonus episode of the This is Money podcast, 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.

    25 March 2024, 8:18 pm
  • 1 hour 2 minutes
    Will the Bank of England cut rates as soon as people think?
    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?

    On this week’s podcast, Georgie Frost, Lee Boyce and Simon Lambert look at what next for inflation and interest rates and what it means for your money.

    Also on the episode, 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.

    22 March 2024, 6:23 pm
  • 52 minutes 48 seconds
    Are you about to have to pay for your bank account?
    15 March 2024, 8:39 pm
  • 1 hour 7 minutes
    Was the Budget too little, too late - and what will it mean for your money?
    Jeremy Hunt bounced around delivering his Budget on Wednesday, proudly declaring his commitment to tax cuts and supporting working families.

    Another 2p was chopped off National Insurance and the threshold at which child benefit is removed was raised from £50,000 to £60,000.

    But you don’t need to be a financial expert to know that the Chancellor’s version of events isn’t quite the whole story.

    Because Mr Hunt is also presiding over a long-term stealth tax freeze to thresholds that is costing workers dear and his child benefit move merely kicked sky-high marginal tax rates down the road, rather than getting rid of them altogether.

    Nonetheless, a tax cut and an extra £5,000 Isa allowance – even if it’s a slightly iffy, limited one – is not to be sniffed at.

    So, was this an escape velocity Budget that puts Britain back on the path to growth?

    Or was it too little, too late, from a Tory party that has sported successive Chancellors who have been keener to raise our taxes by hook or by crook rather than cut them – or even just keep thresholds in line with inflation.

    On this week’s Budget special This is Money podcast, Georgie Frost, Lee Boyce and Simon Lambert look at the winners and losers and go searching for the devils in the detail.

    What is the NI cut worth to you? Will you get some child benefit back? Did pensioners deserve a tax cut too? With a failure to reverse his capital gains and dividend tax raid, what has the Chancellor got against small investors?

    And will the British Isa be any good?

    All that and more – plus a look at why Nationwide is buying Virgin Money and whether that’s good or bad for us all.

    8 March 2024, 6:08 pm
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