 |
BBC Radio 4's Money Box
Saturday 11 November 1204 GMT on Radio 4 and Online
|
Interest rates are now at their highest level for five years following the Bank of England decision to raise them to 5%.
The widely expected move comes soon after a 0.25% increase in August and already some economists are predicting more ahead.
What effect will this have on your mortgages and savings? Money Box's Samantha Washington has been monitoring changes.
Plus we spoke to independent economist Rosemary Radcliffe, Martin Upton from the Open University Business School and Nick Lord from Citizens Advice.
Further information:
Farepak
Customers of Farepak paid money monthly to the firm or its agents
|
We investigate the latest developments after the collapse of the Christmas savings club Farepak, including this week's debate in Parliament.
The Swindon-based firm ran a savings scheme for about 150,000 people, but it collapsed in October offering customers no compensation.
Bob Howard reported on the people who have lost money, the moves going on to help them and how a similar crisis could be avoided in future.
Further information:
New rules help shareholders
We speak to shares expert Gavin Oldham about the new rules
|
Thousands of people who hold shares in nominee accounts have more power after new rules received Royal Assent.
Nominee accounts contain shares owned by an investor but registered in the name of a brokerage firm.
The shareholders will now be able to attend and speak at company general meetings and join other shareholders to table resolutions.
But many will still not be able to receive shareholder perks such as vouchers or money-off deals.
We spoke to Gavin Oldham, chief executive of the Share Centre about the changes.
Further information:
Small business banking costs
Banks were criticised six years ago for treating small businesses badly
|
People who work for themselves or run small businesses still face difficulties finding or switching to a good value account.
Years after the issue was first highlighted by Money Box and the Competition Commission, new research shows switching accounts is still time-consuming and costly.
And the promise of free banking is not always what it seems.
Samantha Washington reported.
Further information:
Other news: Credit card cheques
Credit card company Capital One has been publicly criticised for the way it sent out credit card cheques.
Further information
BBC Radio 4's Money Box will be broadcast on Saturday, 11 November, at 1204 GMT and will be repeated on Sunday, 12 November, at 2102 GMT.
~RS~q~RS~~RS~z~RS~35~RS~)
~RS~q~RS~~RS~z~RS~35~RS~)
One-Minute World News
News services
E-mail this to a friend
Printable version
Listen to this item
Free e-newsletter
