In 1966, Barclays sent out over a million credit cards to customers. And so began a revolution in the way we shop and pay for goods. None of the customers had asked for these cards - and it was an entirely new product in the UK. Many of those who received these credit cards were women, and it meant that women could get credit without having to get a man to sign for it or act as a guarantor. Sarah Pennells and her guests discuss how credit cards have changed over the past 50 years and look at current rates and deals available.
Maria Sienkiewicz, Liz Hodgkinson, Jane Clack, Tashema Jackson, Alastair Douglas
On this edition of This Is Money, Editor Simon Lambert and Personal Finance Editor Rachel Rickard-Strauss are in to talk more Brexit fall-out, of course; will Mark Carney’s reassuring tones be enough to steady the ship, as Sterling falls further than we've seen since Walter Mondale was a relevant cultural reference?
We’ll also be looking at property fund lockouts, and why you should NEVER trust them with your pension. And stay tuned to the end as we have a rare win for the little guy, to the tune of £19 Billion!
This is Money is presented in partnership with NS&I, and hosted by Georgie Frost.
And we're back for round two of This is Money's Brexit Special, presented in partnership with NS&I. This week, we're going to be taking a closer look at how the referendum will be affecting your own personal finances. We'll also be looking at migration, travel costs, and Bank of England Governor Mark Carney's attempts at reassurance. But it's not all Brexit! Life does, after all, go on. We'll be taking a look at the ins and outs of buying a 2nd-hand car, wonder if the millennials will be able to survive the coming economy, and there'll also be a quiz for keen-eared listeners.
This is Money, presented by Georgie Frost in partnership with NS&I
Pockit is a Digital bank alternative for low income, under served bank consumers in the UK. They've already got over 60,000 customers and are processing more than a quarter of a million transactions every month. Linda Lewis meets its founder, Virraj Jatania, who explains how the company works, how it was set up and their company values.
Sarah Pennells conducts a Brexit special analysis ahead of the EU referendum next week. Sarah and her guests look at how the vote will affect the currency, markets, travelling abroad and personal finance. Nina Schick, from Open Europe, demystifies any major Brexit facts and figures; Michelle McGrade, from TD Direct Investing, discusses the stock market, banks and trade deals; while Julia Rampen, Deputy Editor at Mirror Money Online, looks at whether the value of the pound will fall.
Challenger banks were hailed as the answer to the UK's troubled banking industry, forcing competition and making existing providers work harder to keep and win customers. These so-called challenger banks are keen to break into the market, to shake it up in a similar manner to the way we've seen small energy firms take on the 'big six' power companies. One of them is POCKIT, and their CEO and Founder, Virraj Jatania, joined Georgie to explain how they can break into the banks' top four.
t's estimated that almost half of first time buyers get some sort of help when they're buying their first property. And according to Legal and General, the 'Bank of Mum and Dad' will finance one in four of all property purchases this year. But what are the different ways family members can help someone buy their first property? Sarah Pennells is joined by our Young Money Champion, Rachel Healy, and guests Lina Bourdon from City and Country Financial Services, Andrew Montlake, founder of Coreco Mortgages, and David Hollingworth from London and Country Mortgages, to help share tips for first time buyers.
Rachael Healy, Lina Bourdon, David Hollingworth, Andrew Montlake
Joanna Faith, editor of YourMoney.com joins Georgie Frost in the studio to discuss the biggest finance stories of the last 24 hours. On the agenda today, unemployment figures have dropped by two thousand, are pensions safe after the BHS crash, people not knowing the price of their mortgages and much more. Consuming Issues goes out with Georgie Frost every day from 9 to 12 on Share Radio.