Georgie Frost is joined in the studio Joanna Faith, editor of YourMoney.com. On the agenda today, Chancellor Philip Hammond has declared he is considering dropping the autumn statement in order to reduce the treasury's role in government. Elsewhere, shocking new figures have claimed a quarter of us have as little as £1 in their bank account by pay day. And contactless technology has meant that consumers now prefer to use debit cards to make payments instead of hard cash. All these stories and more on The News Review.
There are just seven days to go before the deadline to submit paper tax returns. But with HMRC aiming for a fully digital tax service by 2020, rushing to file your tax return before 31 October will soon be a thing of the past. Yet new analysis suggests that taxpayers who pay their taxes digitally may end up paying more than they are supposed to. Share Radio's Robert Van Egghen spoke to Mike Hodges, tax partner at chartered accountants Saffrey Champness, about whether the move to digital was welcome.
A lot of business attention on Brexit has been around how it might affect the UK politically and economically. But what about on the other side of the channel? With a report claiming that a lack of a trade deal would cost our present partners £13 billion a year in tariffs, Matt Cox reports on how the European Union and its member states may be affected by the UK’s exit.
Welcome to This is Money, the podcast, presented in partnership with NS&I. Editor Simon Lambert and Personal Finance Editor Rachel Rickard Straus join Share Radio’s Georgie Frost in the studio to go through the week’s biggest money stories.
And this week it’s all about inflation, and the news is leaving us all a little … deflated. Yes, that nebulous indicator, inflation has jumped to its highest level in 2 years - hitting spenders and savers alike. Blame Brexit if you like, and a lot of people have done, but is that really it? Michael O’Leary of Ryanair certainly is blaming the referendum as he hikes prices in even more obscure ways. And then, we’re looking at the banks: they’re slashing rates, deceiving switchers, and worst of all; this week it seems they don’t even know how to keep our money safe!
Meanwhile, we take a look at the treasury's U-Turn to allow retired savers to cash in their annuities. Is Chancellor Hammond just doing all he can to obliterate Chancellor Osborne’s legacy, or dare I say it, could there be an actual plan in place? Surely not, that’s madness.
At the other end of the show, Simon reckons we need a tax break on savings interest, what little we have, someone’s bought a car with Apple Pay and everyone’s amazed for some reason, and the new Churchill fiver sees even more inflationary trading.
This is Money is presented by Georgie Frost, in partnership with NS&I.
Georgie Frost is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the new team of experts being put together to tackle firms exploiting self-employed workers as well as the new Pension Schemes Bill. Plus why Kit Kat could be the next product affected by the falling pound. All these stories and more on The News Review.
Our focus on how business operates in the UK is inevitably focused on those firms we can see, such as quoted companies and well-known names on the high street. But what of home businesses? Vonage UK, the internet telecoms provider, has produced a report entitled 'The Heart of Home Business Britain', which shows the massive impact of home businesses on the UK economy. Simon Burckhardt, MD of Vonage UK, spoke with Share Radio Morning Money.
Ed Bowsher is joined in the studio by Andy Webb, personal finance journalist and blogger at 'Be Clever With Your Cash'. Today they discuss the latest reforms to pensions as well as the growing threat of current account fraud. Plus why many workers aren't using their full holiday allowance. All these stories and more on The News Review.
Sarah Pennells is joined in the studio by Kevin Pratt, web editor at MoneySuperMarket.com. Today they discuss the average fall in pay for self-employed workers as well as the growing cost of online fraud. Plus why fashion sales have suffered their worst decline in seven years. All these stories and more on The News Review.
Consumer confidence has grown in parts of the UK, hitting five year highs post-Brexit. But the figures aren't clear cut as consumer sentiment is being weighed on by the mostly "remain voting" London staying pessimistic. Has Brexit negatively affected some areas of the country economically whilst favouring others? Share Radio's Matt Cox has been speaking to Julian Jessop, Chief Global Economist at Capital Economics.
New data indicates the UK's fashion sector has suffered its sharpest decline this year since the financial crisis. The report from research group Kantar Worldpanel shows sales in the market encompassing clothing, footwear and accessories has fallen for four consecutive months. So why the steep decline, and will the situation improve as we move into the Christmas period? Matt Cox has been speaking to Glen Tooke, Consumer Insight Director at Kantar Worldpanel, to find out.