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.
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New research has found that businesses are losing out on billions of pounds every year by not creating products and services for disabled people. The report by the Extra Costs Commission claims that the oversight is costing businesses up to £420 million a week in lost sales. To find out more, Matt Cox spoke to the chair of the commission, Robin Hindle Fisher.
Many banks are looking into new ways to replace the password. But is the tech contained in our smartphones good enough to protect our assets, or is this another fad being leapt on by banks trying to appeal to the younger and tech savvy generation? Matt Cox spoke to Meaghan Johnson, Co-Founder and Director of Research at fintech thinktank 11:FS, about why there is so much interest in this area.
Tesla has announced that all cars it now builds will have the hardware needed to be "self-driving". The electric carmaker, headed up by Elon Musk, is planning on including vital equipment such as cameras, sensors and forms of radar. To find out the implications of this announcement, Matt Cox spoke to David Bailey, Professor of Industry at Aston Business School.
Sue Dougan is joined by Rachel Springall, personal finance expert at moneyfacts.co.uk. Today they discuss Sir Philip Green's upcoming meeting with the pensions regulator as well as the news a third of people get poor or no mobile phone reception at home. Plus how self driving cars could become the future of motoring. All these stories and more on The News Review.
In the past 24 hours, the Euro has weakened against the US Dollar. Investors are focusing on catching any signs of a slow down from the European Central Bank. Steen Jakobsen, Chief Investment Officer at Saxo Bank, spoke to Share Radio ahead of an ECB meeting.
A new research by Direct Line for Business reveals that the cost of a two week disruption to a small business in the UK averages £8,775. More than 550,000 UK small businesses have been forced to halt trading for a range of reasons, including damaged stock and delivery vehicles breaking down. Simon Smith, Head of Direct Line for Business, joined Share radio to discuss this.