As inflation falls will the base rate now finally rise?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 20 April 2018
⏱️ 39 minutes
🧾️ Download transcript
Summary
What has Mark Carney, the governor of the Bank of England, got to do with long-forgotten television soap Eldorado?
Find out in the latest This is Money podcast, in which editor Simon Lambert and consumer affairs editor Lee Boyce discuss the inflation figures out this week and whether they have increased the likelihood of a base rate rise.
Discover why Simon believes raising interest rates wouldn't be a bad idea but raising rates because the country finally got a pay rise would be.
Meanwhile, house prices in London saw their first annual fall in price since 2009 and sellers across the UK are having to accept far less than their asking price.
Are values in the capital about to fall even faster?
Continuing the property theme, we take a look at new platform Raffle House which gives people the chance to win a home with a fiver – but is it too good to be true?
They may be billed as good for the environment but not for our wallets - we look at the hidden costs of electric cars.
And lastly, one for the gardening enthusiasts – how much of a drain on energy is the patio heater?
Enjoy .
Transcript
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| 0:00.0 | Welcome to This Is Money podcast in partnership with NS&I, your weekly roundup with the top personal finance, consumer and business stories that editor Simon Lambert and his team have been covering on their award-winning website. |
| 0:12.0 | I'm your host Georgie Frost and joining me today is editor Simon Lambert and Consumer Affairs Editor Lee Boyce. |
| 0:19.0 | And coming up, we're getting an interest rate rise in May, |
| 0:22.8 | aren't we? Inflation down wages up, Brexit on the horizon. What will the Bank of England do next? |
| 0:29.0 | Simon has some rather helpful views. Homes in the capital saw their first annual fall in prices |
| 0:34.8 | since 2009 as sellers across the UK are accepting around 10 grand less |
| 0:40.4 | on average than what they're asking for over optimism or is something else at play. Also today |
| 0:46.0 | they may be doing good for the environment but not it seems for our wallets. We look at |
| 0:51.4 | the hidden costs of electric cars, one for the gardening enthusiasts, just |
| 0:55.8 | how much of a drain on energy is the patio heater, and how you could get a £650,000 |
| 1:02.5 | flat for a fiver. All that and plenty more coming up and don't forget, you can stay up to date |
| 1:06.9 | with all the latest breaking money news, just go to this ismoney.co.uk or download |
| 1:11.7 | the app. |
| 1:12.7 | This is Money, brought to you in partnership with NS&I premium bonds, giving you the chance |
| 1:19.0 | every month to win up to £1 million tax-free. |
| 1:23.5 | We got some good economic news this week. |
| 1:26.2 | Our wages are now going up quicker than how much stuff is costing us and hold your hats. |
| 1:31.2 | You can even find some savings accounts that beat inflation. But it's got some wondering what will happen with interest rates as a result. |
| 1:39.6 | May was the date that experts were expecting the next rise, but the pound fell against the dollar following some rather dovetish comments by the Governor of the Bank of England. |
| 1:47.0 | So Simon, you've been writing about this, so May, is it still on and indeed, do you think |
| 1:52.0 | it should be? |
| 1:53.0 | I think in order to look at this, we need to go back a little bit to what happened in the |
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