Almost everyone in the UK is trying to cut all household bills, while daily we hear of increases. Kitkat, Unilever and Primark are the latest of to say they have no choice but to put prices up again. The ONS says that grocery prices are increasing by 6% year on year. But we should not just accept the increases. It takes time to save money, but it is definitely worth it. Remember Tesco made £2.2 billion last year and predicts it will increase profits to £2.4 billion to £2.6 billion. Sainsbury also doubled profits. Lidl and Aldi say they are […]
Category: Radio
Time for banks to serve their customers
Banks are holding on to their money once again. Interest rates were raised by the Bank of England last month and the banks increased their variable interest mortgage rates within minutes but we tens of millions of savers are still waiting for some improvement in our interest rates. Meanwhile credit card interest rates are at their highest since 1998 and overdraft rates are almost uniformly at 40%. At the same time hundreds of thousands of leasehold flat owners are stranded unable to sell or re-mortgage because banks are too frightened to loan on properties that have cladding. The government has […]
Getting ready to charge us more
The banks have started sending out letters. The first batch warned that credit card customers would have to pay more each month and in some cases that their credit limits were being reduced. Breach those and penalties have to be paid. Interest rates also average 24% even though bank base rates are still at 0.1%. Meanwhile latest letters warn that agreed overdrafts are to be reduced often by £1,000 or more. All this before the Bank of England has decided whether inflation currently 4.2% CPI and 6% RPI will be tamed by interest rate rises. Having already withdrawn the cheapest […]
Don’t let banks put us in danger
When my bank left town I did not think too much about it as I use its Internet service. But now I realise it has put me and many others in danger. I need to transfer a large amount of money to a solicitor . Last time I did it the branch organised the process and charged £25. Now with “Friday Fraud” a growing thing where thieves hack into accounts and send messages changing bank account details to people about to complete on properties or needing to pay a builder we need our banks to protect us. Unfortunately that is […]
Stay calm and shop
Empty shelves and Christmas shortages are worrying many shoppers as the supply chain crisis encompasses cleaning products, toys and chicken. It is not time to panic buy, but to plan ahead and settle for less. Shops have more to worry about than customers as container and delivery costs spiral, and their stock is delayed half way round the world, just as they were wanting to make up for the revenues they lost during lockdown. Shoppers have to be careful if they want to splash the cash with their contactless cards, which now have a limit per spend of £100. Keep […]
Supply chain, energy costs and other crises
Lindsay Cook reviews the financial news for Connections Radio and warns of more dangers to come. We have to be careful out there. There is worse to come on energy costs, council tax and shortages. […]
Financial news from Connections Radio
Lindsay Cook’s regular weekly broadcast alerts listeners to the big financial stories and warns how to protect yourself. […]
Connections Radio for Money fight Club
Every week Lindsay Cook talks to Connections Radio about all things financial. This week she looks at the economy but also welcomes the Treasury Committee’s interest in the number of bank accounts being frozen without warning. […]
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