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Money Box

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The latest news from the world of personal finance plus advice for those trying to make the most of their money.

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

Location:

London, United Kingdom

Networks:

BBC

Description:

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

Language:

English


Episodes

Self-employed grant extended

5/30/2020
Over 2 million people have received a grant from the government’s self-employment income support scheme. This week Chancellor Rishi Sunak announced that it will be extended to pay out another lump sum worth 70% of average monthly trading profits, capped at £6,570. Guest: Andy Chamberlain, Director of Policy for the Association of Independent Professionals and the Self-Employed. It's been more than a month since a ban on using credit cards as a source of funds for gambling came into force....

Duration:00:25:47

MBL: Furlough problems

5/27/2020
A quarter of British employees have been furloughed since the Chancellor Rishi Sunak’s announcement in March. Under the Coronavirus Job Retention Scheme workers are entitled to receive 80% of their pay up to a maximum of £2500 a month but they’re not allowed to do any work for their employer while on furlough. Earlier this month the scheme was extended until October - but from August the government will expect employers to contribute to the huge ongoing costs - estimated at between £10-£15...

Duration:00:42:09

Festival goers refund woes

5/23/2020
Festival goers are trying to get their money back from the organisers of Afro Nation but are being told that Portuguese law means they’re not entitled to a refund – what can they do? Lenders are cutting credit card limits and that could affect your credit rating... but not in the way you might think. Former pensions minister Steve Webb tells us that tens of thousands of older married women pensioners are being paid up to £80 a week too little - how do you go about seeing if you're missing...

Duration:00:33:45

Finding a mortgage during Coronavirus

5/20/2020
Your questions on the challenges of getting and holding on to a mortgage or re-mortgage during coronavirus. How does being furloughed affect your prospects? Are some job sectors now less desirable to mortgage providers? What if pandemic-related delays in conveyancing are pushing you close to the expiry of your existing mortgage offer? Should fears of a market dip make you reconsider and sit tight where you are - or is it time to reduce your offer? Why are interest rates rising for some types...

Duration:00:30:50

Furlough scheme abuse

5/16/2020
Money Box has been hearing from furloughed workers who say their employers are abusing the Coronavirus Job Retention Scheme. It allows staff to be put on leave while the government pays 80 per cent of their wages up to £2500 a month. One worker says he’s being forced to keep working and another says she’s been furloughed but isn’t being paid. Guest Sarah Chilton, partner with employment law specialists CM Murray We hear from Endija who bought her two-bedroom home after viewing it through a...

Duration:00:38:13

MBL: Starting a business during lockdown

5/13/2020
Felicity Hannah and guests talk to young entrepreneurs who've started businesses during the lockdown. She'll hear about the successes and challenges they encountered along the way. Guests: Emma Jones, founder of Enterprise Nation Zara Khalique, creator of Keep It Bright Email moneybox@bbc.co.uk or tweet @Moneybox with stories, experiences or questions for the panel. Producer: Ben Carter Editor: Emma Rippon

Duration:00:34:47

Can I get a mortgage on furlough?

5/9/2020
Pandemic-related salary cuts and being furloughed could affect your ability to get a mortgage. What will mortgage providers take into account - your previous normal salary or your 80% rate? And will job types in sectors hit badly by the coronavirus now be deemed less desirable by lenders? We hear your stories and get advice from Martin Stewart, Director of the independent mortgage broker, London Money. Millions of self-employed workers are being offered help through the government's new...

Duration:00:31:03

Young workers affected by coronavirus

5/6/2020
Graduates and young workers face huge challenges getting and staying in a job as coronavirus changes the employment picture. Louise Cooper discusses the consequences and solutions. Guests: Laura Gardiner, Research Director at the Resolution Foundation Michele Farmer, Regional Director at the Prince's Trust Email questions and experiences to moneybox@bbc.co.uk Reporter: Kafui Okpattah Producer: Ben Carter Editor: Emma Rippon

Duration:00:31:11

Furlough problems and obtaining cash refunds

5/2/2020
On this week’s Money Box we hear from people who’ve been furloughed by their employer but are being pressured into working anyway - something very much against the rules of the Job Retention Scheme. And can an employer force those people still working to take a pay cut? Paul talks through the legal implications with Susie Al-Qassab, partner at Hodge, Jones and Allen Solicitors. As the consumer watchdog threatens legal action against companies refusing to refund customers during the...

Duration:00:35:28

MBL: Coronavirus and claiming benefits

4/29/2020
Many people are having to claim benefits for the first time due to coronavirus. Paul Lewis and guests find out how some people have found this experience. Was it clear how to claim? Did you find the rules easy to understand? Have you got your money yet? Is it enough? What other help is out there? Guests: Victoria Todd from Low Income Tax Reform Group and Will Hadwen, a welfare rights advisor with Working Families. Email: moneybox@bbc.co.uk Producer: Alex Lewis and Ben Carter Editor: Emma...

Duration:00:36:32

Umbrella companies and the contractors “left in limbo”

4/25/2020
650,000 people work as contractors in a wide range of jobs across the UK – supply teachers, IT engineers, health care workers. But some of them have told Money Box they’ve been left in limbo by umbrella companies who say they need more clarity from the government before they can decide to furlough them or not. Issues about how much the contractors would get, how much holiday pay they’d be owed and what the industry will do if they don’t get any more guidance from the government means huge...

Duration:00:33:16

Car Finance

4/24/2020
On our programme last Saturday we looked at the new Financial Conduct Authority guidance for people with car finance who are struggling to pay it due to coronavirus. 80% of all private new car buyers take out finance at the dealership and there’s £110bn worth of debt outstanding. We get lots of questions from listeners about how car finance actually works so for this special podcast extra we’ve got Stuart Masson, editor of thecarexpert.co.uk to explain. He’ll also talk about the FCA guidance...

Duration:00:27:26

Coping with debt and accessing credit

4/22/2020
Adam Shaw and guests talk to people struggling with bills and finding it hard to access credit. They offer practical advice about how to stay on top of your finances. Guests: Richard Lane from StepChange and Sara Williams from Debt Camel. Email: moneybox@bbc.co.uk Producer: Ben Carter Editor: Emma Rippon

Duration:00:32:28

Wage support changes and debt help

4/18/2020
Action to protect workers who would otherwise face redundancy due to the coronavirus outbreak was brought in by the government last month. Known as the Job Retention Scheme it pays 80 per cent of wages for people kept on by their employer up to a maximum of £2,500 a month. At the time there was disappointment from those who missed out because they didn’t start their job before the scheme’s cut-off date of February 28th. This week that date was extended to the 19th of March. The Treasury says...

Duration:00:25:08

Student Finance

4/15/2020
How are student finances being affected by coronavirus? Louise Cooper is joined by Tom Allingham from Save The Student and Hayley Borrett from The National Association of Student Money Advisers. They'll hear from students with concerns about paying fees, meeting rent obligations, making student loan payments and much more. Email moneybox@bbc.co.uk with questions and experiences or tweet @Moneybox Producer: Ben Carter Researcher: Kafui Okpattah Editor: Emma Rippon

Duration:00:31:24

Coping with ‘income shock’

4/11/2020
Millions of people are still facing huge financial pressure despite government measures to help them deal with the fallout from coronavirus. Some estimates show that up to half of the 5m people who are self employed won’t be helped by the support package that the government has announced. Many thousands more, who are employees, are not eligible for the job retention furlough arrangements. Unsurprisingly the benefits system has seen an unprecedented number of new applications for Universal...

Duration:00:29:55

Tenants and landlords rights

4/8/2020
Louise Cooper and guests discuss how government rules help tenants and landlords affected by coronavirus. Guests: Henry Pryor - Buying agent and property expert Anny Cullum - National organiser for Acorn, a community and tenants union John Stewart - Policy manager at the National Residential Landlords Association Email questions to moneybox@bbc.co.uk Producer: Ben Carter Editor: Emma Rippon

Duration:00:35:48

New starters and the furloughed worker scheme

4/4/2020
People who have recently begun new jobs say that the government’s plan to help businesses hit by coronavirus may treat them unfairly. Under the Coronavirus Job Retention Scheme, a business can choose to furlough workers – that is, keep them on the books but not working and at home. The government will pay 80 per cent of their wages up to £2,500 per month. Companies may choose to top up furloughed employee wages to 100 per cent. However, to be eligible for furloughing, workers have to have...

Duration:00:30:09

Coronavirus: Your travel queries answered

4/2/2020
In recent weeks the Money Box inbox has been inundated with your queries and questions about travel and holiday issues. So we invited Simon Calder, travel editor at The Independent, to shed some light on some of the most common problems people are facing.

Duration:00:26:10

Covid19 - Will insurance cover it?

4/1/2020
Wedding plans in ruins, holidays cancelled, business on hold and landlords unable to rent out their properties. This is exactly the kind of unexpected scenario we buy insurance policies for, but are they written to cover once in a century events like the coronavirus outbreak? Our panel of experts answer your questions on insurance policies and claims.

Duration:00:36:32