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Money Box: Crowdfunding in Eden; Flight compensation cash delays; Banks told to be nicer

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21/02/2015

Crowdfunding in Eden; Flight compensation cash delays; Banks told to be nicer

BBC Radio 4 - Money Box, Crowdfunding in Eden; Flight compensation cash delays; Banks told to be nicer

Personal finance news with Paul Lewis, including the risks and rewards of crowdfunding.

Personal finance news with Paul Lewis. The risks and rewards of crowdfunding, a potentially crucial court case over cash for flight delays, and banks told to be nicer to customers.

On Money Box with Paul Lewis:

A County Court case in Liverpool next week could decide what happens to the backlog of claims over compensation delays. Five airlines are defying the Supreme Court by refusing to obey EU law and pay passengers for long delays. Simon Calder, travel editor of the Independent joins the show.

Crowdfunding has grown from almost nothing to more than £80 million in a few years. But what are the risks and potential rewards for investors? How far are you likely to get your money back if the firm you've put your cash into goes bust? Sonia Rothwell reports. Julia Groves, UK Crowdfunding Association, also joins the programme.

A new briefing for banks tells them to treat customers with long term illnesses more sympathetically. The briefing was issued by the trade body the British Bankers' Association. Eric Leenders of the BBA and Mike O'Connor from the debt charity StepChange debate the issues.

Microbusinesses find it harder to get good deals on their energy. And energy firms make a much bigger profit from small firms than from domestic consumers. That's according to this week's report from the Competition and Markets Authority. How can microbusinesses avoid being trapped in a poor value contract? Jonathan elliott from Make it Cheaper speaks to the programme.

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