Money Box

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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.

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Money Box: Energy costs: your questions answered

Energy costs: your questions answered

BBC Radio 4 - Money Box, Energy costs: your questions answered

As price predictions for the cost of energy rise, we answer your questions.

A new forecast predicts electricity and gas bills will be even higher than we thought from October. What can be done?

This week, energy analysts Cornwall Insight predicted that the already record breaking price for energy will rise further and the annual cost for a typical household would be £2880, which is £900 more than it is now. The Chancellor has promised more help but the questions we've received recently show that many listeners are still not clear about exactly what they will get and when. Our reporter Dan Whitworth finds investigates how it will work for people who live in park homes or pay their utility bill direct to their landlord.

Some vulnerable people are being excluded from using their own money to shop online, as a result of new procedures imposed across the banking industry in March.
We speak to UK Finance about what the banks are doing to make new anti-fraud features usable by people who are disabled, getting old, or don't have a mobile phone signal.

New figures from HMRC have revealed that 61% of eligible families are not claiming tax-free childcare, missing out on billions of pounds in savings. It comes as the Social Market Foundation announces a cross-party commission, that will work to analyse the impact of poor childcare provision on wages and poverty.  We speak to John Penrose, the conservative MP, who will be part of the commission.

Also, who gets what from the hundred pounds it now costs us to fill up a reasonably sized car?

Presenter: Paul Lewis
Reporter: Dan Whitworth
Researcher: Sandra Hardial
Editor: Jess Quayle

(First broadcast 12noon, Saturday 11th June, 2022)

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