Interest rate decision divides Bank of England - what does it tell us about the economy?
The Bank of England has cut interest rates again, but this time, the decision wasn’t straightforward. Georgie Frost, Lee Boyce and Helen Crane ask what the division in the Monetary Policy Committee tells us about the state of the economy right now, and what the cut means for our money. We also talk about plans to hit those in wealthier areas with bigger council tax bills. Why is the current system so unequal, and how could your area be affected? Helen discusses a water company who told an elderly couple they needed their pipework replacing at a cost of thousands - when in reality, all they needed was a new water meter (which is given away for free). Finally, Lee explains who can claim from the car finance scandal - and what to do if you can't find the paperwork.
The 37 taxes you pay and why it now takes £3.1m to feel 'wealthy'
While the average household pays £16,700 in direct tax on income, our audit shows this is just the tip of the iceberg. We all pay a multitude of other taxes, from air passenger duty to environmental levies on our energy bills. Lee Boyce, Simon Lambert and Georgie Frost discuss what the total sum is - and that our tax rate is more like 57 per cent. And tax rises don't always bring in more cash for the Treasury coffers. As the Government weighs up introducing yet another tax - this time a wealth tax - we explore why despite the allowance being slashed the capital gains tax take is down and what it means for the Chancellor's plans. How much you need to feel wealthy in different areas of Britain? Does £1million still cut it? The six burning questions everyone is asking financial advisers right now… and their expert answers And we answer a reader query: Could I give £250 gifts to 400 people who then pay them to my daughters to beat inheritance tax on £100,000?
When will you be able to retire... and will it be with a state pension?
Mortgage help or mortgage madness? What six times salary loans will mean
How do you solve a problem like high house prices without sinking the economy? That's a conundrum that's kept politicians and central bankers awake at night for years. Now there's a new plan. Rachel Reeves unveiled a push for bigger mortgages this week, with the backing of the Bank of England, financial watchdogs, banks and building societies? Protections in place since the credit crunch-induced crash will be swept away. Are we forgetting the lessons from the financial crisis or adjusting the rules to meet a world that's different? On this podcast, Georgie Frost, Tanya Jefferies and Simon Lambert talk bumper mortgages and what next. Plus, the Chancellor has more plans, to get people investing, support the stock market and fire up the economy, will they work? As the FTSE 100 flirts with a close above 9,000, is it time to buy British? And what do you need to know about paying inheritance tax rather than the usual topic of avoiding it?
Has the cash Isa been saved for good... or is a cut still coming?
The slashing of the cash Isa was considered a nailed on certainty in next week's Mansion House speech, but now it seems Rachel Reeves has had a change of heart. So, has the cash Isa allowance been saved for good, or is this just a victory for now - before the axe falls in the Budget? On this episode of the This is Money Podcast, Georgie Frost, Lee Boyce discuss what next for the cash Isa and whether there was any merit in plans to cut the allowance. Plus, why has Nvidia become the world's first $4trillion company, is it still worth investing in and have you got any chance of finding the next stock market superstar before it takes off? Should you combine your finances with your partner's and reveal all to them. And finally, it's the polarising question of our times: are you for or against Ring and other video doorbells?