Cost of Living Crisis: Working People

Money Box

BBC

Business

4.2 • 825 Ratings

🗓️ 11 March 2023

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

The charity Citizens Advice says it's seen a sharp rise in the number of working people accessing crisis support in the past few years. In 2022, of the 200,000 people helped with a food bank voucher or an emergency grant, almost 24,000 - about 1 in 8 of them - worked. That figure was up more than double the number in 2020. We'll speak to Citizens Advice and get a response from the government.

We'll hear from Harriett Baldwin, the Chair of the Treasury Select Committee, on how she wants banks to stop dragging their feet when it comes to implementing changes designed to stop people from becoming victims of push payment fraud. UK Finance, which speaks for banks, says the industry is investing billions to try to keep customers' money safe and is working on plans to slow down certain high-risk payments to prevent fraud.

From this week unmarried parents whose partner dies can claim bereavement support payment worth up to £9800. We reported a few weeks ago that the change was coming and this week the application process has opened. Anyone who thinks they should be eligible can now put in a claim online via gov.uk, over the phone or using a paper application form. More details here: www.gov.uk/bereavement-support-payment and from the charities Child Bereavement Network (https://childhoodbereavementnetwork.org.uk/) and Widowed and Young (https://www.widowedandyoung.org.uk/).

And we'll discuss what GDP means for our personal finance with Diane Coyle, Bennett Professor of Public Policy at the University of Cambridge and a former advisor to the UK Treasury.

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

(First broadcast 12pm Saturday 11th Feb, 2023)

Transcript

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0:00.0	You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.
0:06.5	I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.
0:11.2	I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,
0:16.0	relationships, identity, comedy, even one that mixes poetry, music and inner city life.
0:22.4	So one day I'll be helping host develop their ideas, the next fact-checking, a feature,
0:28.3	and the next looking at how a podcast connects with its audience, and maybe that's you.
0:33.6	So if you like this podcast, check out some others on BBC Sounds.
0:39.4	BBC Sounds, music, radio podcasts.
0:43.1	Hello, welcome to this Moneybox podcast.
0:46.1	Proposals to make banks compensate customers who have money stolen from their accounts
0:50.7	would give the banks too much power, say MPs. Unmarried parents whose partner
0:56.6	has died can at last claim bereavement benefits and they can be backdated to 2018.
1:04.1	And do the latest numbers about gross domestic product, GDP, tell us anything about our
1:09.4	personal finances. But first there's been a sharp rise in the number of people in work who are asking for crisis support from citizens' advice. The charity says that last year it helped 24,000 people in employment with a food bank voucher or an emergency grant. That figure was more than double the number in 2020
1:28.3	and now accounts for about one in eight of those needing urgent help. I reported Dan Whitworth's here
1:34.4	and Dan, this is something you've encountered, isn't it, over the past year, since the cost of living
1:38.5	crisis started to bite. Yes, definitely, Paul. Last June, in fact, I spent some time with the
1:43.9	broke, not broken food bank in Kinross.
1:46.7	And something that really struck me when I was out with volunteer Katie making deliveries
1:50.8	was how some of their clients weren't at home when she was dropping off the food parcels.
1:56.8	Katie, that delivery was in and out in 20 seconds. Were they in? Were they not in or what? What happened there?
2:02.0	No, a lot of the people that we delivered to are actually at work all day.
	...

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