Financial crisis: forgive and forget? - This is Money Show
This is Money Podcast
This is Money
4.4 • 735 Ratings
🗓️ 13 November 2015
⏱️ 49 minutes
🧾️ Download transcript
Summary
What happened in the financial crisis? Is it time to forgive the banks and move on? Do we need the City?
Simon Lambert and Rachel Rickard Straus join Georgie Frost in the studio for a run through the week's essential money news.
This week's show features a potted history of what on earth went wrong in the financial system - and whether eight years down the line it is time to forgive and move on.
The team also look at how to fix Britain's tax mess, why the buy-to-let boom could blow up and quite why anyone would want a house with an underground showroom for 25 cars.
(The answer to which to a certain car-mad This is Money editor, is obvious).
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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 | A very warm welcome to This Is Money and Share Radio podcast. I'm Georgie Frost here with you on DAB online and through the Share Radio mobile app every weekday from 9 until 1 sharing ideas about money. |
| 0:16.7 | Today I'm joined in the studio by editor Simon Lambert, personal finance editor Rachel Rickard |
| 0:21.4 | Strauss. |
| 0:22.4 | From the award-winning, This Is Money, to talk through some of the top stories on their |
| 0:24.9 | website that they've been investigating on our behalf over the last seven days. |
| 0:28.8 | And on the agenda today, as job cuts and branch closures are announced to the already struggling |
| 0:33.7 | HM revenue and customs, can the taxman possibly cope? Back in 2005, they had about 97,000 staff and they're now down to about 56. |
| 0:43.3 | So they've actually had significant cuts in their resources and budget for 10 years now. |
| 0:49.3 | Sticking with tax, and we remind you of the changes coming in in April that could save you thousands. |
| 0:59.3 | We're also asking today, seven years on from the biggest single economic crash of our lifetimes, |
| 1:02.4 | is it time now to forgive and forget the bankers? |
| 1:09.3 | The idea that just a couple of years on you can go, oh well, let's forget about all of that and move on, is a bit optimistic. |
| 1:11.6 | There is a lot of good in financial services. |
| 1:13.4 | It makes a huge difference to our economy. |
| 1:15.1 | So I might not be hugging bankers, |
| 1:18.2 | but I think increasingly the British people will be respecting them. |
| 1:20.8 | The Governor of the Bank of England held an open forum in the latest attempt to rehabilitate the battered image of the city. |
| 1:24.6 | But will it work? |
| 1:26.2 | Also today we refocus on Vitalette. Simon has concerns the |
| 1:29.7 | boom could soon go bust but if you're still determined have you considered investing in a holiday |
| 1:34.8 | vitalet sticking with property and we'll be talking about the rise of silver splitters and ageism |
| 1:40.9 | in mortgage lending. Being a first time buyer at say the age of 55 age of 55 or 60, and you want a 25-year term and you've |
... |
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