Christmas isn't cancelled but what if your event is?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 24 December 2021

⏱️ 67 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

There was some good news this week, or at least the absence of more bad news: Christmas isn't cancelled.

In England at least, more Covid restrictions have been dodged for now.

This Christmas time people can enjoy meeting up with their friends and family without having to break any rules to do so - they just have to use their own judgement, an old-fashioned concept but one many are happy with.

But that doesn't mean that things haven't been cancelled left, right and centre, as the hospitality and entertainment industry once more bears the brunt of Covid.

So, what can be done to help pubs, restaurants, cafes, music venues, theatres etc? Has the Chancellor gone far enough with his latest rescue package? And what happens in terms of getting your money back if your event is cancelled or you have to skip it yourself?

On this week's podcast, Georgie Frost, Lee Boyce and Simon Lambert, look at the muddle that another year of having to cancel and postpone stuff has left people in.

Also on this week's podcast, the good news for the Treasury as more tax rolls in, but what's gone up and is it enough to tave off a wealth tax?

Plus, would you invest in fine wine... or even music? The team look at how to do both.

And finally, is a Christmas update on the PLSA retirement living standards research a cracker or a dud?

Merry Christmas from all of us at the This is Money podcast.

Christmas bonus: Simon’s ten supermarket wines for about a tenner that taste more expensive

Co-op: Château Millegrand Minervois - £10

Co-op: Château Joanin Castillon- £9

Co-op: Vavasour £10

Tesco: Finest Ribera Del Duero £12.50

Tesco: Finest Rioja Reserva - £8.50

Waitrose: Les Nivières Saumur Loire, France - £9.99

Waitrose: Beaujolais Villages - £7.99

Sainsbury's: Zweigelt - £9

Sainsbury's: Albarino - £7.50

Sainsbury's: Gruner Veltliner - £9

Transcript

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0:00.0	Welcome to This Is Money podcast. I'm Georgie Frost and joining me and editor Simon Lambert today is Deputy Editor Lee Boyce. And Christmas is still on. They might need to tell those in the hospitality and entertainment industries. What help is on offer and what rights do you have if a show gets cancelled or you have to self-isolate. Simon Lee cut through the chaos to answer your
0:21.3	COVID queries. Also today, 11 bottles of Burgundy for almost 270 grand. We explain how to
0:28.9	invest in fine wine for much less. Plus, we taught music investing, ask whether we really need
0:34.5	a wealth tax, and we muse about what kind of Christmas spread our pension pots might buy us.
0:41.3	More sprouts, anyone?
0:42.3	Don't forget, you know to date with all the latest breaking money news.
0:45.2	Just go to this ismoney.com.uk or download the app at first.
0:50.0	Just when we'd started to dare to dream that life might be getting back to some normality.
0:56.8	Bam, we get on McCrom.
0:58.6	Events shows, restaurant bookings, office Christmas parties all cancelled,
1:02.0	as either people get sick, need to self-isolate,
1:04.3	or they attempt to avoid catching it altogether and ruining the big day.
1:08.0	But especially with theatres and concert shows, where tickets can be
1:13.1	50 to 100 pounds more, you want to know whether you can get your money back. So let's run
1:19.1	through some of you, right? You've been speaking to the experts. But first, Simon, I'm going to
1:23.0	come to you. It's been a torrid time for many industries, but particularly hospitality. This is such
1:30.2	an crucial, crucial time of year for these creative industries and hospitals that this must
1:37.0	be absolutely devastating. Rishi announced some money, not enough though, some people might suggest.
1:43.4	No, not enough in the view of many people
1:46.2	in the hospitality industry. If you follow, as I do, a number of people who are restaurateurs,
1:52.7	pub owners, hospitality industry people, Twitter and conversed with them regularly or on other
1:57.6	social media, then you will see that it was viewed as a bit of a
	...

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