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Money Box: A whirlwind week: tax, pensions, savings and mortgages

15/10/2022

A whirlwind week: tax, pensions, savings and mortgages

BBC Radio 4 - Money Box, A whirlwind week: tax, pensions, savings and mortgages

A new chancellor and higher taxes for business but what does it mean for personal finance?

How could your income, savings, pension and mortgage be affected by recent developments in the economy?

The Prime Minister has announced another U-turn in her government's tax-cut plan, in an effort to reassure financial markets.  Liz Truss says she will reverse her plan to scrap an increase in corporation tax and admits the government's mini-budget had gone "faster and further" than many expected.  It comes after the PM sacked her chancellor, Kwasi Kwarteng, and replaced him with former health and foreign secretary Jeremy Hunt.  We'll ask what all this means for your income, pension, savings and mortgage.

The first £66 discounts from electricity bills are now being paid, but some suppliers are using the money to pay off old debts.  Felicity Hannah investigates.

Charities call for changes to a website which they say is misleading disabled people over their eligibility for a railcard.  We'll get a response from the Rail Delivery Group and the Department for Transport on that.
 
And the government has promised £100 to help with heating bills for households who are not on the mains gas network. We explain when and how it will be paid.

Presenter: Paul Lewis
Team: Felicity Hannah, Clare Worden and Sandra Hardial
Editor: Jess Quayle

(First broadcast 12pm Saturday 15th October, 2022)

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A whirlwind week: tax, pensions, savings and mortgages

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