Financial apocalypse, now - This is Money Show
This is Money Podcast
This is Money
4.4 • 735 Ratings
🗓️ 15 January 2016
⏱️ 56 minutes
🧾️ Download transcript
Summary
The four horsemen of apocalypse trotted into the money markets last week each brandishing a tool of financial destruction.
Plummeting oil pricesGlobal uncertaintyTrouble in the Middle EastCrisis in China
Luckily, this week everything is ahhh… sorry it’s not looking good.
According to a statement from RBS, the bank, this year is going to be cataclysmic.
But hey. Financial apocalypse makes for entertaining listening thanks to Share Radio’s Georgie Frost, This is Money editor Simon Lambert and consumer affairs editor Lee Boyce.
Also on the agenda…
Britain v Germany – who’s winning the supermarket wars?
Not Germany?
Buy to let landlords fight back
Can you fiddle the credit card points system to make a mint?
No
Is it possible to name an example of good customer service?
No
And in hopeful news, a young lad is on a mission to provide free legal advice for everyone.
Could it work?
D’yer know, it might just. Thank the Lord for young people.
Apologies for the sound quality this week, building work was taking place in the street outside the studio. Building work is taking place all over London but that’s another story.
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Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane
Producer: Georgie Frost
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Transcript
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| 0:00.0 | This is Money, brought to you in partnership with MS and I, giving you 100% security for your savings. |
| 0:15.2 | A very warm welcome to This Is Money and Share Radio podcast. I'm Georgie Frost here with you on DAB online and through |
| 0:22.1 | the Share Radio mobile app every weekday from 9 until midday sharing ideas about money. I'm joined today by |
| 0:28.1 | Ed to Simon Lambert and Consumer Affairs editor Lee Boyce from the award-winning This Is Money to talk |
| 0:33.3 | through some of the stories on their website that they've been investigating over the past seven days. |
| 0:38.0 | Now the start of the new year looked rather ominous. |
| 0:41.1 | Last week we were warned of 12 months of turmoil ahead due to global uncertainty, tensions |
| 0:46.1 | in the Middle East, oil prices continuing to tumble and of course madness on the Chinese |
| 0:50.4 | markets. |
| 0:51.4 | So how are things looking a week on? |
| 0:53.4 | Well, not great if RBS are to be |
| 0:56.0 | believed. They've been telling us to sell everything because of the cataclysmic year ahead. |
| 1:01.0 | I think there's a certain element of dramatisation in this. |
| 1:04.0 | RBS itself has had a dreadful record over the last decade or so in timing of investment. |
| 1:10.0 | After a rather underwhelming week last week for a number of our high street retailers, |
| 1:13.6 | next, M&S, poundland, all reporting disappointing Christmas sales, our attention turned to the |
| 1:19.6 | supermarkets. |
| 1:20.6 | Over the last few days we've been hearing from Morrisons, from Tesco's and from Sainsbury's, |
| 1:25.6 | was it a Merry Christmas for the big boys or Froly |
| 1:28.4 | Chevalynautton for the discounters? |
| 1:31.1 | And what does the year ahead look like? |
| 1:33.3 | They're now thinking about their tactics in a lot more detail and recognising that they've |
... |
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