About this episode
The episode discusses delays in bereavement claims with NS&I and explores youth unemployment and its long-term effects.
Some bereaved listeners whose relatives had money put away with National Savings and Investments are facing weeks and months of delay in getting their own money. It comes as NS&I works to track down the accounts of tens of thousands of people who had died, after it admitted keeping nearly half a billion pounds in its coffers that should have been passed to their estates. The state-owned bank has apologised and says its working hard on its plan to ensure those affected are paid what is owed to them, along with returning the processing of current and new bereavement claims to their normal time-frame. The cost of borrowing has been held steady by the Bank of England. On Thursday its Monetary Policy Committee held the Bank Rate at 3.75%. How is that affecting mortgage deals? And, how can young people, who’re out of work, find a job? Dan Whitworth reports on a scheme run by the charity Spear to address barriers to work. It comes as University College London publishes research which finds being out of work and education between ages 16 and 24 has long-term consequences for people’s employment and finances in midlife. Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner…
People in this episode
Host: Paul Lewis
Topics covered
- bereavement claims
- youth unemployment
- financial delays
- mortgage rates
- employment barriers
- long-term consequences of unemployment
Keywords
- NS&I
- youth unemployment
- mortgage deals
- Bank of England
- Spear charity
- financial consequences
- bereavement claims
- employment research
Mentioned in this episode
Organizations: National Savings and Investments, Bank of England, University College London, Spear
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