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Money Box

Cancer Costs and Mortgage Deals

Money Box

BBC

Business

4.2804 Ratings

🗓️ 6 June 2025

⏱️ 25 minutes

🧾️ Download transcript

Summary

Around 1 in 2 people living in the UK will be diagnosed with cancer during their lifetime according to Cancer Research UK. That stark statistic is a reminder how the disease can impact families up and down the country, but it's not just the health of people diagnosed that can forever be changed. The finances of those who survive the disease can also be devastating too. We'll hear from a man recovering from a cancer diagnosis about how it impacted his life, and speak to a charity that is calling for better financial support for cancer survivors.

As the Bank of England cuts interest rates to 4.25%, we’ll discuss what the best deals are at the moment. Data shows that while some lenders are offering deals at less than 4%, you’d need a big deposit and have to pay a fee, so what is out there and who can get it?

And investment platforms should be required to pass on voting rights to shareholders. That's the call from the trade body, the Association of Investment Companies. If you buy a share in a company you have the right to vote on corporate decisions. At the moment, some investment platforms pass on the right to vote, others require you to opt-in, some don't pass on the rights at all and some even charge to do it. The AIC wants that to change so that all platforms are required to pass on the rights, which would require a change in the law. In response, the Personal Investment Management and Financial Advice Association says a wholesale change to regulation to force this issue could result in significant costs to firms and an overwhelming level of paperwork for customers.

Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Eimear Devlin and Jo Krasner Editor: Jess Quayle

(First broadcast on Radio 4 at 12pm on Saturday 10th May 2025)

Transcript

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0:00.0

Before this BBC podcast kicks off, I'd like to tell you about some others you might enjoy.

0:05.1

My name's Will Wilkin and I Commission Music Podcast for the BBC.

0:08.7

It's a really cool job, but every day we get to tell the incredible stories behind songs,

0:13.5

moments and movements, stories of struggle and success, rises and falls, the funny, the ridiculous.

0:19.1

And the BBC's position, at the heart of British music

0:21.7

means we can tell those stories like no one else.

0:24.5

We were, are and always will be right there at the centre of the narrative.

0:28.6

So whether you want an insightful take on music right now

0:31.3

or a nostalgic deep dive into some of the most famous and infamous moments in music,

0:36.1

check out the music podcasts on BBC Sounds.

0:40.2

BBC Sounds, music, radio podcasts.

0:43.6

Hello, welcome to this Moneybox podcast. The Bank of England trimmed bank rate by a quarter point

0:49.3

this week, but how hard is it to actually get those sub-4% mortgage deals?

0:55.6

And why are some shareholders being denied the right to attend meetings and vote on company policy?

1:01.3

We hear calls for new rules to ensure they can.

1:04.6

But first, it's estimated that around one in every two people in the UK

1:08.8

will be diagnosed with cancer at some point in their lives.

1:12.8

That alarming statistic from the charity Cancer Research UK is a reminder that the disease can affect

1:18.6

any of us at any time. But frightening as the diagnosis is, it also brings fears about the damage

1:25.3

to the finances of the people affected.

1:28.4

Steve lives in Crewe. Seven years ago, he was told he had kidney cancer then, 18 months later,

1:34.6

that it had spread to his stomach. Well, it was horrendous because on my original diagnosis,

...

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