Sue Dougan is joined in the studio by Hannah Maundrell, editor in chief of money.co.uk. Today they discuss the big story of the day, that we owe an average of £30,000 each in household debt, mainly built up through mortgages and credit debt. Elsewhere, it's bad news for customers with Tesco Bank, as the firm had to halt online payments for current account holders after thousands were affected by fraudsters. Plus, an overhaul of the power grid system in the UK could save you £90 a year. All these stories and more on The News Review.
Welcome to the This is Money and Share Radio podcast, presented in partnership with NS&I. This week all eyes have been on the unreliable boyfriend of banking Mark Carney. Just days after committing to another year in the job the Governor of the Bank of England was thrust into the limelight again for Super Thursday. Meanwhile the High Court ruled parliament must be given a vote on triggering Article 50 casting further speculation on Brexit, and indeed Carney’s role in overseeing it. At any rate the Bank of England’s forecasts did not make for easy listening. Despite some hints of future growth interest rates are set to remain at rock bottom whilst inflation is set to soar leaving many to question just where they can safely invest their money. Editor Simon Lambert and Deputy Editor Adrian Lowrey join Georgie Frost this week to work out what’s on offer also weighing up alternatives such as overpaying the mortgage and investing in premium bonds, which celebrate their 60th birthday this week. Also on this week’s show they look at calls for a Government crackdown on cold calling and the prospect of a post-work economy thanks to the rise of robots and automation. This is Money is presented by Georgie Frost in partnership with NS&I.
Georgie Frost is joined in the studio by Independent personal finance expert, Simon Read. Today they discuss the big story of the day, a UK High Court ruled that the government does not have the power to trigger the Article 50 process without a parliamentary vote. Eslewhere, it's good news for the economy as interest rates have been kept on hold because the economy's doing better than expected. But, nearly a quarter of under-40s don't save into a pension due to debts. All these stories and more on The News Review.
Bonfire Night has crept swiftly upon and the fun has already begun. However, amongst all the colour and noise that comes with the 5th November weekend, there are major safety concerns. Around 1,000 people visit A&E every year with firework related injuries which are usually avoidable. This year already, there have been two incidents, in London. Georgie spoke to fire fighter Pat Goulbourne about how to stay safe.
The Bank of England has warned that households face a sharp upturn in inflation over the next few months after tearing up its economic forecasts. The rise in the cost of living is now predicted to shoot up to 2.7% next year, nearly three times its current level of 1%. The new outlook for inflation means the Bank has dropped the suggestion that it could cut interest rates to near-zero to stimulate growth. Dr Howard Archer, Chief European & U.K. Economist/ Senior Director at IHS Economics, joined Share Radio to look at the outcomes of 'Super Thursday'.
The face of manufacturing is on the move and it is a revolution that is happening at a rapid pace. Birmingham is the place to be this week if you are in manufacturing - the Smart Factory Expo brings together all those involved in manufacturing to discuss how they can future proof their operations to ensure they don't stay stuck in the past.
What are the best foods to eat over Christmas? What is the best way to find out what you would like to eat? And what are the best prices of some of those delicious treats you like feast upon. Sara Benwell takes us through the Christmas taste test and even tastes mince pies in the studio from different suppliers, along with Georgie.
It's been a hectic time economically since the EU Referendum - with Sterling devaluing, and most recently Mark Carney announcing he'll stay on as Governor just one additional year up to 2019. As the state of the UK economy post-Brexit remains uncertain, Share Radio's Matt Cox spoke to Jeremy Cook, Chief Economist at World First, about what we can expect from this Super Thursday during which the BoE will announce its quarterly Interest Report and the latest interest rate decisions.
How much are you planning of spending over the holiday season? Do you feel the pressure of giving your loved ones the best gifts possible? The average price people spend on Christmas has been worked at £440 on presents alone. Georgie is joined in the studio by Lisa Hardstaff, credit information expert from Equifax to discuss Christmas spending.
Georgie Frost is joined in the studio by Kevin Pratt Web editor MoneySuperMarket.com. Today they discuss the big story of the day, that the Bank of England are soon to announce the interest rates and a report on inflation. Andrew Sentance, a former member of the bank's monetary policy committee says there could be a case for raising interest rates soon. Elsewhere, diesel car drivers could be charged for entering city centres. All these stories and more on The News Review.