Share Sounds. presented by Georgie Frost related to Personal Finance

The mortgage crunch has stalled the pandemic property boom and sent house prices down, but could they fall 20%? The risk of a severe house price downturn of that magnitude was flagged by Rightmove founder and property market veteran Harry Hill. Hill’s CV includes setting up property giant Rightmove and selling estate agency group Countrywide for £1 billion a year before the 2008 banking crisis. Hill told the The Mail on Sunday and This is Money: 'My view on the housing market is that it's going down in every direction. Transactions are going to go down. Prices are going to go down.’ He added that a bad recession would mean ‘we could see 20% price reductions’. Could house prices fall 20% from here? Why would it happen? How bad would that be? Georgie Frost and Simon Lambert discuss the prospects for the housing market, how the rapid rise in mortgage rates is affecting it and what prospective home movers or first-time buyers should do. Plus, they are joined by a very special guest: Lee Boyce, now Money Mail editor, is back on the programme to discuss the Wooden Spoon award for the worst customer service of the year. Who are the runners and riders, what did they do wrong, and why does Simon nominate a couple of firms that aren’t even on the shortlist? Savings rates have been a rare bit of good new recently and Simon talks through the attraction of small building societies and how some are offering market beating rates, but you might struggle to secure them. And finally, it’s time for a second special guest, John Mayhead of classic car specialist Hagerty, who is joins Simon to discuss the insurer’s Bull List of ten classics it tips to rise in value next year. How do these classic cars get on the list, what makes them ripe for appreciation and what’s a Citroen BX doing rubbing shoulders with a Lamborghini Diablo?

Simon Lambert, Helen Crane and Georgie Frost take a close look at the Capital Gains and Savings tax changes on personal investments, while their guest Sir Steve Webb unwraps another error in state pensions. Plus — is this it for the boom in used car prices?

Savings and mortgage rates rocketed after what must now always be known as the 'ill-fated mini-Budget', but even as the Bank of England continues to raise rates have they already peaked. The top fixed rate savings deals have edged down from their highest levels - a five-year fix can no longer be had above 5%, for example, while the best two year fix is at 4.75%. So, if you want to lock into a good savings deal, should you grab one now? Or did rates simply race ahead of the Bank of England and the next round of base rate rises will bump them up some more? Georgie Frost, Helen Crane and Simon Lambert look at the potential future of savings rates and why even if they are slightly off their peak, you should still move your money from old accounts. But if a dip in the top savings rates is bad, the easing of mortgage rates is good news. Average two and five-year fixed rates rocketed all the way to above 6.5%. The best five-year fix is now down to 5.95%. But this is still way higher than it was, so where will mortgage rates settle and is it worth holding off? The team discuss that and the implication for both house prices and first-time buyers. And finally, an energy double header: on a serious note, the energy price cap (which we won't pay due to the energy price guarantee) has jumped again, this time to £4,279 for the average household over a year. If we won't pay that, why does this matter? And on a lighter note, what happened when Harry Wallop (who refuses to let his family turn the heating on) tried out a bunch of oddball devices designed to warm the person not the room, ranging from an odd foot warmer, to a heated gilet, and a wearable sleeping bag that makes you look a bit like a crazy caterpillar?

‘Jeremy Hunt’s mini-Budget was like the tax part of the Corbyn manifesto with none of the benefits of the extra spending.’ That was This is Money editor Simon Lambert’s verdict on the Chancellor’s tax-hiking spree that painted a miserable picture of the years ahead, hit higher earners, and hammered small investors. In a blizzard of hikes – through threshold drops and stealth tax freezes – Hunt worked his way through a painful Autumn Statement, where good news was thin on the ground. The silver linings came from the government sticking by the pension triple lock and uprating benefits by inflation but the focus was on painful years ahead. Was this the right move? Why did Hunt feel the need to inflict tax pain – and spending cuts later on? How did we go from Rishi Sunak as Chancellor with a margin to hit his fiscal rules to Rishi as Prime Minister with a fiscal black hole? Georgie Frost and Simon discuss these questions and more and look at what the Autumn Statement means for people’ finances: How much more tax will you pay? How much will your energy bills rise by? Who came out best and who came out worst? And can Simon come up with a note of optimism to end the show on? — listen to this Autumn Statement tax raid special to find out.

‘If they could tax the air you breathe they’d do it.’ That age-old moan about taxes going up has sprung to mind over the past week, as rumours about pretty much any tax you can think of being hiked were spread about. So many kites were flown about potential tax rises that even taxing selling your own home and bringing back the 50p rate were floated as potential Autumn Statement ideas troubling Jeremy Hunt and Rishi Sunak’s minds. If all this came to pass it would surely become known as ‘the everything tax raid’. But will it come to pass? Probably not. You get the sense this is a massive exercise in softening up the nation, so that when some but not all taxes go up on Thursday, people breathe a sigh of relief. Yet could this bout of not-officially-encouraged-but-definitely-not-discouraged speculation do lasting harm to the economy? Simon Lambert argues that case, when he says with sentiment already heavily depressed going into a recession, striking the financial fear of God into the population might not be the best move. Simon, Georgie Frost and Tanya Jefferies discuss the tax hikes that have been rumoured and how likely they are to happen: one gets a minus two in five chance of occurring but others seem more likely. Also, will Hunt stage a raid on pension, either via tax relief or the triple lock? Plus, the story of how Tanya helped a podcast listener win back money after paying over the odds for her mother’s care home. And finally — if among all this gloom you’ve still got room to save, should you save or invest the money, or overpay your mortgage?

Interest rates rise by the highest amount for decades: what does it mean for your money? But despite rising rates, are savers losing out and what can you do about it? Plus 'stealth' taxes — are they more palatable? And gas prices fall, but does it mean lower energy costs? And finally — should you invest in a BTT? Georgie Frost and Simon Lambert help to steer you through the money maze.

With the Chancellor gone, the Prime Minister going and the financial plan torn up - what does it all mean for your money? It looks like the triple lock on pensions is here to stay, but are we approaching a house price crash? And how much energy usage should you budget for? Georgie Frost, Simon Lambert and Helen Crane discuss.

Rocketing rates have sent the average two and five-year fixed rate mortgage through the 6% barrier. This is a level that would have been considered unthinkable a year ago, when there were fifty mortgage deals on the market at below 1%. The Bank of England belatedly playing catching up with inflation has sent base rate from 0.1% last December to 2.25% now - and with inflation far from tamed and the US Federal Reserve going in all guns blazing on monetary policy, rates are likely to keep going up from here. But the catalyst for the past month's big jump in mortgage rates has been the turmoil triggered by the Chancellor's ill-received mini-Budget and the flurry of borrowing Britain will have to do to fund it. So, what happens next to mortgage rates, what should people who need to fix now do, and will this send house prices sinking? Georgie Frost, Helen Crane and Simon Lambert dive into the mortgage market to look at what is happening and why - and what borrowers can do about it. Are expensive fixes now worth taking, what should you do if you are buying a home and is a variable rate mortgage really now the answer? They answer these questions and more. Plus, while rate rises are bad for mortgage borrowers they are proving good news for savers, who have been starved of decent deals for many years. The top fixed rate savings are knocking on the door of 5%, but how high will savings rates go and should you fix and risk losing out on better ones in future? The ill-fated mini-Budget also brought about the abolition of the 45p tax rate, except that's now been abolished itself as Kwasi Kwarteng staged a screeching U-turn this week. Nonetheless, Simon has some middle-class tax cutting ideas that he reckons make more sense and could be popular. And finally, a reader wrote to This is Money telling us they had some letters written to them in the 1960s by a rock star who then died young and they could be worth £20,000... but will they have to pay tax if they sell? More to the point, who could the mystery rock star be?

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.

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?