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Last Updated: Monday, 1 October 2007, 10:56 GMT 11:56 UK
Shareholder uncertainty
Customers in front of a Northern Rock branch
BBC Radio 4's Money Box
Saturday 29 September at 1204 BST
On Radio 4 and Online

There is uncertainty about the prospects for shareholders of the crisis-ridden bank, Northern Rock.

Although the government has underwritten all deposits and loans, ordinary shareholders will have to wait and see if anyone decides to buy the bank, which in turn will have an effect on its share price.

Northern Rock had been due
to pay a 59m dividend to ordinary shareholders next
month, but has now decided it would not be appropriate.

We spoke to one Northern Rock shareholder about his concerns, to Roger Lawson of the UK Shareholders Association and the BBC's business editor, Robert Peston.

Further information:

Sell and rent

To let sign
Equity in your property can be released if you sell your house

As mortgage repossessions continue to rise, some cash-strapped homeowners are turning to companies which offer to buy their property for cash - but below its market value - and then rent it back
to them.

Although it means they can remain in their homes, the tenants still face the risk of

Money Box's Bob Howard investigated and Paul Lewis asked John McFall, chair of the Treasury Select Committee, what his concerns were with this growing industry.

Further information:

Payment protection insurance

Glass door showing the FSA logo
The FSA regulates all providers of financial services in the UK

Following its latest survey, the Financial Services Authority says it is "cracking down" on those firms that mis-sell payment protection insurance (PPI).

The purpose of PPI is to
provide cover in the event of a person becoming ill or losing their job.

But the consumer organisation Which? says the regulator could do a lot more to end mis-selling scandals.

Vernon Everitt of the FSA and Doug Taylor from Which? joined us to discuss the pros and cons of this controversial insurance.

Further information:

Lasting powers of attorney

Hands of an elderly woman and her carer
The new LPAs will replace EPAs from 1 October 2007

The rules governing the way
we can appoint people to manage our financial affairs, if we can no longer do so, are about to change.

On 1 October 2007, Lasting Powers of Attorney (LPAs) will replace Enduring Powers of Attorney (EPA) in England and Wales.

The new LPA will be more complicated to arrange than the EPA and will be more expensive.

We discussed the new rules with Richard Brook, public guardian, Office of the Public Guardian.

Further information:


The national minimum wage will increase on Monday:

  • Workers of 22 or over: rise from 5.35 to 5.52 an hour
  • Workers of 18 to 21: rise from 4.45 to 4.60 an hour
  • Workers of 16 to 17: rise from 3.30 to 3.40 an hour

    Further information:

    BBC Radio 4's Money Box was broadcast on Saturday, 29 September 2007 at 1204 BST.

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