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Money Box: Energy Bill Support and AI in Banking

08/07/2023

Energy Bill Support and AI in Banking

BBC Radio 4 - Money Box, Energy Bill Support and AI in Banking

Investigation shows over 700,000 households have missed out on energy bill support.

More than 700,000 households have missed out on £300m of government support for energy bills designed to help people who live off-grid.

New data shows more than 700,000 households across Great Britain have missed out on £300 million worth of support with their energy bills. The government said in February 900,000 households were eligible to apply for a one-off £400 payment because they did not have an energy supplier that would apply it automatically.  The government said it had spent more than £50m 'supporting households without a domestic energy supplier', but this data suggests just over £300 million of the possible £360 million in Great Britain had not been claimed before the deadline.   

The big high street banks have been told to be more open with their customers about savings rates - what will that mean in practice?

And could Artificial Intelligence transform how banks decide whether to lend us money?

Presenter: Paul Lewis
Reporters: Dan Whitworth and Sarah Rogers
Researcher: Sandra Hardial
Editor: Jess Quayle

(First broadcast 12pm Saturday 8th July, 2023)

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