Are diesel cars and bitcoin being demonised?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 1 December 2017

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Britain’s car industry is crying foul, as not a single new diesel car avoids the Budget tax hike because the test they have to pass hasn’t come in yet.

Car makers claim that new diesels are fine, but can we believe them? Meanwhile, campaigners want extra taxes and a serious crackdown on diesel drivers, but it’s ended up with councils leading the way with a piece-meal approach.

Who should we believe, has the drive to get rid of diesel gone too far, and is it employing bad science?

This week, Simon Lambert, Tanya Jefferies and Georgie Frost drive into the murky world of diesel cars.

And also on the show, we look at a victory for those with small annuities and how to invest for income with ETFs.

Former hedge fund manager Lars Kroijer explains why you should stop trying to beat the market and just be a passive investor.

Or if that’s not for you, how about joining the bitcoin boom?

We look at what on earth is going on with the cryptocurrency rollercoaster and the gold Rolls-Royce that you can buy for £117,995 but it must be paid for in bitcoin.

And you might be surprised quite how little bitcoin you’d need to have bought at the start of 2017, to buy that Roller now.

Enjoy.

Transcript

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0:00.0	Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup of the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website.
0:13.8	I'm your host, Georgie Frost, and alongside Simon Nye today is pensions expert Tanya Jefferies.
0:19.3	And this week, as ministers go full throttle towards a green future,
0:23.4	has the drive to get rid of diesel gone too far, too fast?
0:27.9	Also a victory for savers trapped on shoddy annuity incomes,
0:31.9	but will this mean many driving their retirement plans off the road
0:35.3	running out of money before the finish line. From front
0:38.5	to backseat driving, indeed driverless when it comes to investing. Simon speaks to one hedge fund
0:43.9	manager who reckons passive is the way to go. And to the rise and rise and rise of Bitcoin,
0:51.3	a car crash waiting to happen. All that and plenty more coming up. Don't forget,
0:55.2	you can stay up today with all the latest breaking money news. Just go to this ismoney.com.org
0:59.5	or download the app.
1:01.9	This is Money. Brought to you in partnership with NS&I premium bonds, making saving that little bit more exciting.
1:10.6	But first, diesel drivers could be forgiven for feeling a bit hard done by of late.
1:15.4	The Chancellor's new budget tax is the latest in a string of moves to get us to go green with plans
1:20.2	to ban internal combustion engines by 2040.
1:24.0	Yet it was only back in 2001 that tax changes were brought in that led to a fourfold increase in diesel's on our roads.
1:30.6	Now car bosses have hit back saying ministers are hell-bent on destroying Britain's motor industry
1:36.4	and policies are putting prosperity and jobs at risk.
1:40.7	So what's changed is the science sound?
1:43.8	Who do we believe?
1:46.0	Is diesel being unfairly demonised?
	...

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