Should the Bank of England have raised interest rates? Plus Steve Webb on pension delays

Should the Bank of England have raised interest rates? Plus Steve Webb on pension delays

Did the Bank of England bottle raising interest rates or should a rate rise have never been on the cards in the first place?

Inflation is mounting but hiking the base rate will do little to tame soaring energy prices, an oil price spike or the supply crunch.

On the other hand, the emergency 0.1 per cent base rate arrived at the start of the coronavirus crisis and the economy looks far better now than was expected then.

So where should rates be? And did the Bank of England make the wrong decision for the right reason?

On this week’s podcast, Georgie Frost, Tanya Jefferies and Simon Lambert dissect the Steady Eddie move that got the Bank of England labelled an ‘unreliable boyfriend’ again.

Plus, our pension agony uncle Sir Steve Webb joins the podcast to discuss state pension delays and what has happened since he and Tanya Jefferies exposed the situation.

And finally, it’s time for some council tax rants… just why is the tax so seemingly crazy and in terms of fixing it, should we be careful what we wish for?

Follow us on Instagram @dmgnewmedia.

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Email us hello@dmgmedia.co.uk

Text us 020 7938 6000.


Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

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Episoder(659)

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Does Andy Burnham have the right ideas - and can we afford them?

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The rise in the state pension age looks likely to speed up again, as it was revealed this week that the Government has already been banking the gains.It is now almost certain that the state pension ag...

17 Jul 41min

Is a mansion tax for properties 'worth' £1.5m or more fair?

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Twice as many households could be forced to pay a new 'mansion tax' latest speculation suggests - the threshold may fall from £2million to £1.5million.That rumour comes with Andy Burnham expected to b...

10 Jul 37min

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Halifax to vanish as Lloyds ditches the brand - should we care?

Goodbye Halifax! It’s being scrapped by Lloyds after 173 years. But why would you kill off one of Britain’s best known and trusted banking brands?Georgie Frost, Lee Boyce and Simon Lambert discuss the...

3 Jul 48min

Bonus episode: Bank of England's Victoria Cleland on the future of cash - and wildlife on banknotes

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1 Jul 15min

Can Andy Burnham fix Britain's tax and financial headaches?

Can Andy Burnham fix Britain's tax and financial headaches?

Another one bites the dust. Sir Keir Starmer has resigned just two years in to being Prime Minister.This latest rotation of Britain's PM merry-go-round comes despite Starmer having done nothing partic...

26 Jun 42min

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Most families don't pay inheritance tax but those that do can get hit with huge bills running into hundreds of thousands of pounds.With pension pots soon to be included in calculations, this is going ...

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House prices vs inflation: The slow motion property slump

House prices vs inflation: The slow motion property slump

Follow us on Instagram @dmgnewmedia.Follow us on TikTok @dmgnewmediaFollow us on X @dmgnewmediaEmail us hello@dmgmedia.co.ukText us 020 7938 6000.Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen...

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