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Georgie Frost

This Is Money: What's happening to the economy, mortgage deals and the pound?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: What's happening to the economy, mortgage deals and the pound?
It has been an incredibly turbulent week for the UK economy as the Bank of England stepped in to protect pension funds, the pound hit a record low against the dollar before rebounding and lenders pulled mortgage deals to re-price them at far higher rates. Georgie Frost, Simon Lambert and Lee Boyce tackle what has been a truly remarkable one in the world of personal finance with a message of: don't panic. So, is the UK economy in crisis… again? How much is the Chancellor's 'mini' Budget to blame? And what can the Government do now? Simon gives an economics 101 on why the pound fell and why the Bank of England stepped in, seemingly with a u-turn on plans for quantitative tightening. What is happening to mortgages? With lenders pulling deals and replacing them with higher rates, how will that impact first-time buyers, those looking to remortgage and the property market in general? Will base rate continue to head higher and what does that mean? And a chink of light for savers: this week, NS&I boosted Premium Bonds, while savings rates continue to race higher.

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Adam Cox

Modern Mindset: Lee Elliott on Why So Many Brits are Being Priced Out of New Phones

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Lee Elliott on Why So Many Brits are Being Priced Out of New Phones
Adam Cox is joined by Lee Elliot, from Compare and Recycle, who have conducted new research which reveals 60% of Brits are no longer able to buy a new phone. They discuss how much money could be made from phones left laying in drawers, and why so many people aren't aware of their old phones value. www.compareandrecycle.co.uk
Guest:

Lee Elliott


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Georgie Frost

This Is Money: The pound, inflation, interest rates and energy bills... what happens next?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: The pound, inflation, interest rates and energy bills... what happens next?
The Bank of England is tipped to raise interest rates by at least 0.5 per cent this week, but the pound fell to a 37-year low last week - reaching $1.351, a level not seen since 1985. That comes against a backdrop of inflation edging down slightly to 9.9% - taking Britain out of the double-digit inflation club - with a colossal rescue plan to save households and businesses from spiralling energy prices about to kick in. The details on that energy price guarantee rushed out by new Prime Minister Liz Truss - and how it's potential £150billion cost will be paid for - are still sparse, but are expected to be sketched out in more detail this week. Meanwhile, on Friday a mini-Budget is due to arrive with a rumoured round of tax cuts as Truss and her new Chancellor Kwasi Kwarteng go all out for growth. Georgie Frost, Helen Crane and Simon Lambert look at the pound, energy bills, inflation and interest rates, how all these issues connect and what could happen next. Also on the agenda are rising savings rates and whether savers should fix or stick with short-term easy access deals, and a question over a life-changing £500,000 early inheritance and where the balance lies between saving, paying off the mortgage or investing. And finally, overshadowing all the financial events of a whirlwind fortnight, Queen Elizabeth II died ending her 70 year reign, and ushering in a period of national mourning that came to a close under the eyes of the entire world with her funeral. But what will happen now to Britain's money and when will we start to see King Charles III on our cash?

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Adam Cox

Modern Mindset: Matt O'Donovan on Outdated Hospital Entertainment Systems

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Matt O'Donovan on Outdated Hospital Entertainment Systems
Adam Cox is joined by Matt O'Donovan, from WiFi Spark, to discuss new research which reveals the UK's perception of hospital entertainment, and why good entertainment and engagement is so important in hospitals. He explains what can be done to fix the issues caused by poor entertainment options and who should be paying for the updates. https://www.wifispark.com/
Guest:

Matt O'Donovan


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Simon Rose

The Bigger Picture: The PM's Energy Speech

Simon Rose
Original Broadcast:

The Bigger Picture

The Bigger Picture: The PM's Energy Speech
The sad news of the Queen's death cut right across the House of Commons debate on Energy, and wholly understandably eclipsed reporting on this important subject. The Government's strategy is based on a set of significantly new principles, particularly on energy supply, and we therefore thought it appropriate to bring you Liz Truss's opening speech, complete with points of order, setting out the way forward.

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Georgie Frost

This Is Money: The cost of living crisis cutbacks that could harm your long-term wealth

Georgie Frost
Original Broadcast:

This is Money

This Is Money: The cost of living crisis cutbacks that could harm your long-term wealth
Belts are already being tightened but as bills head even higher more people will look to save where they can. But are there some things that you should avoid doing or cutting back on at all costs? Campaigns to get people not to pay their bills have obvious flaws, but what about only paying for the energy you use, diverting your pension saving elsewhere or cutting back on ditching saving or investing. Some are at breaking point and will have little choice but to do some of these things, but what about those who are still heading off on holidays, going ou for dinner and drinks, or getting takeways in - should they hammer down on discretionary spending before stopping saving? In his This Is Money column last week, Simon Lambert came up with his five false economies to avoid, but was he right to pick them? Simon, Georgie Frost and Lee Boyce discuss them in this episode. Also, are buy-to-let landlords all bad or a crucial part of the property market, will an electric car still save you money after the energy price cap hike, and how high will savings rates go — as the best buys come in thick and fast.

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Georgie Frost

This Is Money: Why is the Bank of England raising interest rates into a recession?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: Why is the Bank of England raising interest rates into a recession?
The idea of the Bank of England raising base rate by 0.5% at the same time as warning about a long and painful recession would have been unthinkable a year ago. But things have dramatically changed and central banks are desperately trying to get a grip on runway inflation that just seems to keeo getting worse. Base rate has risen from 0.1% in December to 1.75% now and is set to keep climbing, but why trigger a recession to get inflation driven by outside forces under control. Georgie Frost, Tanya Jefferies and Simon Lambert discuss the rate rise and potential recession and what it means for borrowers, savers, the economy and our financial near future.
Guest:

Tanya Jeffries


Published:
Adam Cox

Modern Mindset: Mark Brown on the Future of the Wedding Industry

Adam Cox
Original Broadcast:

Modern Mindset

Modern Mindset: Mark Brown on the Future of the Wedding Industry
Adam Cox is joined by Mark Brown, CEO and Founder of Wedinsure, to discuss the trends currently occurring within the wedding industry relating to the claims people have made, and how the economic outlook of the country is affecting these. He recommends ways couples can protect their wedding day, and what to look for in wedding protection policies. https://wedinsure.co.uk/
Guest:

Mark Brown


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Georgie Frost

This Is Money: What would you teach someone about money?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: What would you teach someone about money?
Ten money rules from Simon on how to have a richer life — When will the big banks start paying interest? — Re-assuring words for first time buyers — Recovering costs of travel disruption. Listen in to Georgie, Simon and Lee

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Georgie Frost

This Is Money: What will Boris's downfall, a new Prime Minister and Chancellor mean for the economy and our finances?

Georgie Frost
Original Broadcast:

This is Money

This Is Money: What will Boris's downfall, a new Prime Minister and Chancellor mean for the economy and our finances?
Boris Johnson finally came unstuck this week and resigned as Prime Minister after one scandal too many caught up with him. Whatever you thought of the PM - and he certainly has the ability to divide a room almost as well as he can entertain it - there is no doubt that this ushers in another bout of 'what next?' instability for Britain. The economy is struggling, an inflation crisis is in full swing and the Bank of England is raising rates into a recession, yet at the end of a tumultuous week we are not just down one Prime Minister but a Chancellor and aren't quite sure if the new man in the job will be sticking around very long. The new Chancellor, Nadhim Zahawi, reportedly has designs of his own on the job next door at Number 10 and even if he makes an unsuccessful leadership bid, will a rival want him sticking around? Georgie Frost, Tanya Jefferies and Simon Lambert look at what the change in Prime Minister could mean for the UK's economy, businesses and households - and what a new Chancellor might do and the challenges they will face. Also, some big UK name household shares have taken a beating this year, but which would the experts pick as having fallen too far and as ripe for a bounce back? The team look at whether, with rates rising, a ten-year fixed rate mortgage is a good move and Tanya talks us through the latest round of state pension mistakes and what the DWP is doing. And finally, will you end up with a bit more cash when you get paid this month? Yet, another National Insurance change is kicking in, here's what it means.

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