How much will frozen income tax bands suck out of your pay packet?

How much will frozen income tax bands suck out of your pay packet?

Wages are up, but inflation is… the same. What does it all mean for mortgage rates, the state pension, benefits and the economy generally?

One thing we know won’t be affected by the latest figure is income tax bands. Just how much is the big freeze – AKA fiscal drag - going to cost us?
That’s on the agenda for Simon Lambert, Lee Boyce and Georgie Frost this week as the latest CPI reading stuck at 6.7 per cent.
At the start of the year, Prime Minister Rishi Sunak set the target to halve inflation by the end of 2023.

And it was looking promising. But this latest inflation figures might have thrown a bit of spanner into the works.

What’s going on at Royal Mail? Some households say they are only receiving their post once a week.

Hospital appointment letters, birthday cards, parcels and important bills have all gone missing in delays caused by a staffing crisis.

In Brighton, households say they’re receiving mail as infrequently as just once a fortnight.
Picking an estate agent to sell your home is so important. A good agent will make finding your buyer seem like a breeze.
Choose the wrong one and it can cause untold stress, drag the whole process out and you could end up being forced to reduce your asking price and ultimately sell for less.

So how do you pick a good ‘un? And just what is gazundering – and why is it back with a vengeance?

The new Tesla Model 3 arrives on our fair shores in January - but how much will it cost and is it any good?
If it proves to be out of your budget range what about Citroen's new e-C3, set to start from around £17,000

And…range anxiety is real - so would you take an EV on a continental road trip?
Paul Barker, motoring journalist of decades, gave it a go and diarised it for you...

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

Producer: Georgie Frost

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Episoder(657)

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

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

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

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

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

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

On this bonus episode of the This is Money podcast, Lee Boyce speaks to Bank of England chief cashier Victoria Cleland on her views over the future of cash.We talk about why preserving choice in payme...

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

Should you ask for an early inheritance?

Should you ask for an early inheritance?

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 ...

19 Jun 49min

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...

12 Jun 39min

The big inheritance shake-up for unmarried couples - and what it means

The big inheritance shake-up for unmarried couples - and what it means

The government is planning a major inheritance shake-up for unmarried couples but does it go far enough and will it trigger a wave of disputes?On this week's podcast Georgie Frost, Lee Boyce and Simon...

5 Jun 52min

Would you take a £1m lump sum or £1,000 a week for life?

Would you take a £1m lump sum or £1,000 a week for life?

It's the sort of theoretical question you might discuss at the pub with your mates. If you won the lottery and had the choice, would you pick a £1million lump sum, or take £1,000 a week for life? Pol...

29 Mai 39min

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