About this episode

The episode discusses the financial implications of choosing between a lump sum or weekly payments, alongside current savings rates and energy price increases.

It's the sort of theoretical question you might discuss at the pub with your mates. If you won the lottery and had the choice, would you pick a £1million lump sum, or take £1,000 a week for life?   Pollster YouGov posed the question to 7,000 Britons recently, and it is fair to say opinions are divided. According to two money experts, there is a right answer - so which is the best strategy, and why is likely to make you much richer? Georgie Frost, Lee Boyce and Helen Crane discuss. Easy access savings rates have barely budged in recent weeks, but fixed-rate deals are becoming much more attractive. We look at some of the best - and Helen explains why a number of HSBC customers are feeling disgruntled after Isa transfers to the bank were hit with a raft of delays. The team also looks at Volvo's chaotic EV recall, and what drivers who have been told their car is a potential fire risk can do. It has been confirmed that the energy price cap will rise by 13 per cent in July, with costs for the average household climbing by £221. So is it worth thinking about fixing your tariff? And in this week's heatwave, we discuss data which reveals exactly how expensive it is to keep cool. Are…

People in this episode

Hosts: Georgie Frost, Lee Boyce, Helen Crane

Topics covered

• lottery winnings
• financial advice
• savings rates
• energy prices
• air conditioning costs
• EV recalls

Keywords

• lottery
• savings
• energy prices
• air conditioning
• Volvo recall
• financial strategy

Mentioned in this episode

Organizations: YouGov, HSBC, Volvo

Places: Britons, UK

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