Money Box

Original version

BBC Radio 4 FM

BBC Radio 4 is a radio channel that started transmitting on the 30th September 1967. It replaced BBC Home Service.

BBC Radio 4

Radio 4

Radio 4 (FM)

Discussion & Talk

Podcasts

Factual: Money

The latest news from the world of personal finance

The latest news from the world of personal finance plus advice for those trying to make the most of their money.

BBC Radio 4 LW

Money Box: Coping with ‘income shock’

11/04/2020

Coping with ‘income shock’

BBC Radio 4 - Money Box, Coping with ‘income shock’

How to manage the financial impact of coronavirus.

What can the millions of people who have lost earnings due to coronavirus do to survive?

Millions of people are still facing huge financial pressure despite government measures to help them deal with the fallout from coronavirus.

Some estimates show that up to half of the 5m people who are self employed won’t be helped by the support package that the government has announced. Many thousands more, who are employees, are not eligible for the job retention furlough arrangements.

Unsurprisingly the benefits system has seen an unprecedented number of new  applications for Universal credit. We’re hearing of a back log of many weeks as the Department for Work and Pensions tries to work through more than a million new cases.

So if you are one of the millions of people affected by a huge and sudden loss in income, what can you do to survive?

Paul Lewis and guests discuss their top tips for surviving financial shock. 

Joining Paul are:

- Nick Hill - money expert, Money And Pensions Service
- Laura Peters - from Mental Health and Money Advice 
- Anna Stevenson - welfare benefit expert at charity Turn2us

Producer: Alex Lewis
Editor: Emma Rippon

Intelligent speech, the most insightful journalism, the wittiest comedy, the most fascinating features and the most compelling drama and readings anywhere in UK radio.

Accessibility links

Programme Index

Money Box

Coping with ‘income shock’

Genres

Brand

BBC Radio 4 FM

About BBC Radio 4