93. The Children's Homes Scandal

The Rest Is Money

Goalhanger Podcasts

Business, Politics, News, Tech News

3.8 • 903 Ratings

🗓️ 15 September 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

A special episode on the hundreds of millions of pounds of profit disappearing out of our children's homes and into the hands of private investors. With four out of five owned by private companies, and some ultimately owned by private equity firms and sovereign wealth funds, Robert and Steph look at why our cash strapped councils are forking out so much and what needs to be done to make sure our most vulnerable children are not losing out. Sign up to our newsletter to get more stories from the world of business and finance. Email: [email protected] X: @TheRestIsMoney Instagram: @TheRestIsMoney TikTok: @RestIsMoney goalhangerpodcasts.com Assistant Producer: India Dunkley Producer: Ross Buchanan Head of Content: Tom Whiter Exec Producers: Tony Pastor + Jack Davenport Learn more about your ad choices. Visit podcastchoices.com/adchoices

Transcript

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0:00.0	This episode is presented by Monsor Business.
0:05.7	Now, being your own boss is great.
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0:08.8	You get to choose your hours.
0:09.9	And of course, you get to pay yourself and say, good job me.
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0:22.2	the FAF. That'll be why they were voted Best Business Banking Provider 2024 by Smart Money People.
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0:43.5	five pounds a month. T's and C's apply. This episode is brought to you by Lloyds. Now, it's got to be
0:52.5	said that technology has changed how we interact with money.
0:56.5	We now all hold the power of finance in our hands. The new Lloyd's app is a great example of this.
1:02.7	It does the things you need every day, like checking out your upcoming payments and spending
1:07.7	insights, which is so helpful. But also, there are some neat extras. We're talking
1:13.0	big stuff like leasing a car or taking out a pension. You've got the power to do it all on the new
1:19.1	Lloyd's app. Download it now. Teas and C's apply. This episode is brought to you by Google.
1:30.2	Now, amongst all the debates swirling around about the adoption of AI and its impact on the economy, its potential is undeniable. As part of their latest
1:36.7	AI research, Google is forecasting that the benefits of AI could be worth up to 400 billion
1:43.0	pounds to the UK economy.
	...

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