The mortgage price war claimed a high profile victim this week as Tesco Bank scrapped lending. Tesco Bank will continue with its other products, but why has it ditched mortgages, why have a string of other smaller players shut their doors in recent months, and why did building society behemoth Nationwide issue its own caution on home loans this week? On this week’s podcast, Simon Lambert, Sarah Davidson and Georgie Frost dive into what is currently a weird world of mortgages: where a greater supply of money to lend than demand to borrow it means there are some very cheap deals on offer. Also on this week’s show, the team look at a reader’s problem with a neighbour upstairs, who has stripped the floor back to floorboards and is creating noise issues, despite a lease that says there must be carpets. How do you enforce that? Thomas Cook’s troubles and what they mean for holidaymakers are under the spotlight too. And finally, ever wondered why sometimes drivers get a ticket but at others escape with just a warning, or what really drives police officers mad behind the wheel?
Inheritance tax is a conundrum. Just 5 per cent of estates currently incur it but it’s been voted Britain’s most unfair major tax. Even with the number of people hit by it expected to double, it seems we just don’t like the concept. It’s no wonder then that the Chancellor commissioned a report into it from the Office of Tax Simplification, but no one forecast that to be as damning about the system as it was. It’s complicated, more than ten times as many bereaved families have to fill in forms as pay it, and it turns out the very rich pay proportionally less than those directly below them. Does that make inheritance tax ripe for a change and how could it be adjusted? Simon Lambert and Georgie Frost discuss that on this week’s podcast. Also, on the show they discuss why tenants are still waiting for a fees ban, whether the latest move to curb private parking tickets goes far enough and the least reliable cars you can buy second hand. And finally, we’ve all heard the one about how airlines might use your browsing history to hike flight costs, but have you heard about error fares that can get you somewhere for a fraction of the normal price? And more to the point are both these true. We bust five flight booking myths.
Child benefit and state pension - It’s not the most obvious link. But if you are a parent who is looking after a child instead of working, you need to register for child benefit in order to build up your entitlement in retirement age. Austerity swept away the universal child benefit and those households where one parent earns more than £50,000 have to start giving it back until it is removed altogether above £60,000. Unsurprisingly, many who fall into this bracket simply opt not to take it and see no point in registering. Unfortunately, mums and dads who stopped work to look after children are now finding they’ve missed building up their state pension. It should be easy to fix, but HMRC and the government have been stalling parents affected. That’s why This is Money has started a campaign to get this mess fixed, before it gets any worse.
On this week’s podcast, Simon Lambert, Lee Boyce and Georgie Frost discuss how this all happened and why it matters to not just those affected. And finally, can you really have a weekend away in Europe, flights and a decent hotel for £57? Yes you can, thanks to a very clever new website we tracked down.
It's time to check-in with our friends over at Money Saving Expert. This week Georgie was joined by personal finance writer Sam Mc Faul. With the Easter holidays coming up they look at how to make sure booking your holiday runs smoothly as well as what to do if you've been affected by Virgin Money's recent glitch. Plus all the latest deals the team have come across this week.
Every year Travel Technology Europe comes to London's Kensington Olympia to showcase some of the leading companies and new start ups in the travel industry. With technology playing an increasingly vital role in how we plan and organise trips the show is an ideal place to see some of the suppliers leading this change. Our reporter Tom Hill visited the show to meet some of the 260 exhibitors helping shape the travel industry.
Tom Hill, Steve Reynolds, Raphael Babalola, Max Rangeley, Aly Thompson
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.
Welcome to the This is Money and Share Radio podcast, presented in partnership with NS&I. This week, we're finally seeing the real-world of effect of Brexit: Marmite is gone from Tesco's shelves! Well, digital shelves at least, and it seems the supermarket giant and its main supplier Unilever have sorted out their differences for now, so you can rest easy. But if the battle is over for now, we can't be so sure about the war. As companies are squeezed from all sides by a falling pound and the soaring popularity of online delivery, can it lead to anything but higher prices at the checkout? Editor Simon Lambert and Consumer Affairs Editor Lee Boyce joined Georgie Frost this week to examine Marmite-gate, and see what it portends. They also took a look at Sterling's effect on holidaymaker's plans, the latest round of cuts at the beleaguered Lloyds, and what if anything we can know about housing prices in the future.
This is Money is presented by Georgie Frost, in partnership with NS&I.
This week financial journalists Lindsay Cook and Anne Caborn take on landlords letting out properties with low energy efficiency ratings- new legislation may mean they have to start making improvements to get up to scratch. Plus we find out why airlines are being awarded the Sucker Punch this week and negotiate the topic of pocket money.
Georgie Frost is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the troubles facing Deutsche Bank as shares fall to a new record low as well as the new rise in the minimum wage for young workers. Plus the news British Airways is scrapping free in-flight meals. All these stories and more on The News Review.
Georgie Frost is joined in the studio by Share Radio's senior analyst Ed Bowsher. Today they discuss the falling sales figures currently facing Sainsbury's as well as the, now banned, estate agent scam 'portal juggling'. Plus why men are more likely to complain about ads than women. All these stories and more on The News Review.