Understand: The Economy

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Adam Fleming unpicks some of the key elements of the UK election.

Adam Fleming, host of Newscast and AntiSocial, unpicks some of the key elements of the UK election.

The Economy

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Understand: The Economy: The Economy: 12. Credit

The Economy: 12. Credit

BBC Radio 4 - Understand, The Economy, The Economy: 12. Credit

How we use credit can either grow the economy, or crash it.

Collectively, our individual financial decisions have a big impact on what the wider economy does.  That includes how we manage our own money, including what we buy and how we buy it.  One way we make large purchases, smooth out big bills and sometimes just spend some cash we can’t afford - is credit.  In this episode Dr Victoria Bateman looks back to the Tallyman in the 19th century, a very early way of shopping with credit.  We’ll explore what exactly credit is and how we use it. 

Everything you need to know about the economy and what it means for you. This podcast will cut through the jargon to bring you clarity and ensure you finally understand all those complicated terms and phrases you hear on the news such as Inflation, GDP, National Debt, energy markets and more.  We’ll ensure you understand what’s going on today, why your shopping is getting more expensive or why your pay doesn’t cover your bills.


Guest: Prof John Gathergood, Professor of Economics at the University of Nottingham
Producer: Louise Clarke-Rowbotham
Researcher: Beth Ashmead-Latham
Technical Producer: Nicky Edwards
Editor: Clare Fordham
Theme music: Don’t Fret, Beats Fresh Music

A BBC Long Form Audio Production for BBC Radio 4.  

This programme has been edited to change a section of music.

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Factual: Money

Tim Harford cuts through the jargon of the economic terms and ideas dominating the news.

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The Economy: 12. Credit

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