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New agency to protect consumers?

Picture of the FSA Office
BBC Radio 4's Money Box
Saturday, 19 June 2010 at 1204 BST on Radio 4 and Online

The Government announced this week - that the Financial Services Authority will be stripped off it's powers - which will be handed over to various other new bodies and organisations by 2012.

One that is of particular interest to Money Box is the creation of the Consumer Protection and Markets Authority . It will take over the FSA's responsibility for overseeing the conduct of all authorised financial firms providing services to people in the UK.

Money Box hears from Lord Lipsey, who resigned as chairman of the Financial Services Consumer Panel in 2008 and Peter Vicary-Smith, Chief Executive of the consumer group, Which.

Related information:

Lost in translation? Banks confusing travellers by blocking cards

Many of us have become used to notifying our bank when we travel abroad to make sure our credit or debit cards aren't blocked when we try to use them.

But some Money Box listeners who travel extensively are starting to find serious problems with the way some of these systems work.

Are some banks taking measures to cut card fraud too far? Bob Howard's been investigating:

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Withdrawal of Elgar £20 notes

A Money Box listener contacted us recently asking what they could do with £20 notes bearing the image of Sir Edward Elgar when they are withdrawn from circulation at the end of this month.

So we decided to ask Victoria Cleland who is Head of Bank Notes at the Bank of England.

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Budget Preview

Next Tuesday, as promised, the coalition government will honour their manifesto pledge of holding an emergency budget within 50 days of taking power.

The Prime Minister has warned that painful cuts will be necessary in order to deal with the projected budget deficit of £178bn for the current financial year.

But do the cuts really need to be as drastic as the government are suggesting?

Paul is joined by Linda Yueh, a fellow of economics at Oxford University and John Whiting, Tax Policy Directorat the Chartered Institute of Taxation.

Related information:

Choice Cuts

As George Osborne and his Treasury team work their way through Britain's accounts to find out where they can save money - Money Box is still taking your suggestions for what cuts you think the government should be making.

We'll hear some of your latest ideas on Saturday's show

BBC Radio 4's Money Box is broadcast on Saturday at 1204 BST and repeated on Sunday at 2102 BST.

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