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News and views on business and the world of personal finance. Plus the very latest from the financial markets around the globe

Wake Up to Money: 05/10/2010

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05/10/2010

BBC Radio 5 Live - Wake Up to Money, 05/10/2010

Iain Duncan Smith prepares to set out the future of welfare reform.

The welfare system is set for reform, Crown Currency Exchange goes into administration, renewable gas is to be made from sewage and Tesco and Sainsbury are to reveal their results.

Iain Duncan Smith is expected to set out the future of welfare reform to the Conservative party conference later. This comes after George Osborne's announcement on Monday about changes to the benefits system. We speak to Ed Holmes, a welfare specialist and research fellow at the Policy Exchange, and Rachel Hadwen, rights advisor for the charity Working Families.

13,000 customers could lose their money after the exchange business, Crown Currency Exchange, appointed administrators yesterday. We speak to our reporter Philipa Busby, who has been investigating the matter.

Householders in Oxfordshire will be cooking and heating their homes with renewable gas made from sewage, in a joint scheme between British Gas, Thames Water and Scotia Gas Networks. Martin Orrell, project manager from British Gas, explains how it will work.

And supermarket rivals Tesco and Sainsbury's will go head-to-head with company updates this week, along with Marks and Spencer who also release results. Dan Murphy, director at the retail consultancy AlixPartners, tells us what we can expect from the figures.

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Wake Up to Money

05/10/2010

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