About this episode
The episode discusses rising petrol prices, a scandal involving NS&I, and the need for financial education among young people.
The cost of filling up your car has risen every day over the past three weeks as the conflict continues in the Middle East. Diesel is now averaging £1.78 per litre - a price last seen on Christmas Day 2022, 10 months after Russia invaded Ukraine. Petrol is up 17p and has just tipped over £1.50 per litre. Those figures are UK averages from the RAC. What can you do to bring down the cost? The boss of government-backed bank NS&I has been replaced after a lost funds scandal, affecting thousands and delaying bereaved families’ access to relatives’ money. Bosses from Capita apologise again as MPs question them about the long delays facing retired civil servants awaiting pension payments. And if you're a regular Money Box listener we'd hope you to know your ISA from your IHT, but do you know the difference between your gross and net salary? Or how to work out how much interest you'd pay on a loan? A group of financial firms and charities is calling for the introduction of an exam which measures how much young people know about basic financial products and services. How might it work? Presenter: Paul Lewis Reporters: Dan Whitworth, Bisi Adebayo and Luke Jarmyn Researcher: Jo Krasner…
People in this episode
Host: Paul Lewis
Topics covered
- petrol prices
- financial education
- government policies
- pension delays
- financial products
- cost of living
Keywords
- petrol prices
- NS&I
- financial education
- pension payments
- cost of living
- UK average prices
- financial products
- interest on loans
Mentioned in this episode
Organizations: NS&I, Capita
Places: UK
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