Fraud and Food Prices
Money Box
BBC
4.2 • 825 Ratings
🗓️ 10 June 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
The banking trade body UK Finance says that every minute of 2022 thieves stole £2,300 from bank and credit card accounts. In total they took £1.2 billion from nearly 3 million people. These figures were released this week in its Annual Fraud Report. We'll discuss the figures and get reaction from Arun Chauhan, a solicitor at Tenet Law, who specialises in fraud and financial crime.
There were new warnings about inflation this week. The Bank of England said that headline rate would soon fall, though not quite so much as it had predicted earlier this year. The Chief Economist at the Office for National Statistics answers your questions and talks about the new ONS comparison tool where you can check prices.
As HMRC stops sending paper tax returns out to under 70s – what does this mean for the 3 million over 55s who don’t have a digital presence?
And how to make sure you get a new Cost of Living payment if you're entitled to it.
Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Eimear Devlin and Jo Krasner Editor: Jess Quayle
(First broadcast 12pm, Saturday 13th May 2023)
Transcript
Click on a timestamp to play from that location
| 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. |
| 0:39.5 | BBC Sounds, music, radio, podcasts. |
| 0:43.4 | Hello, welcome to this Moneybox podcast. |
| 0:46.6 | Cheese, bread, butter, tea. |
| 0:49.1 | I share a cheese sandwich with the chief economist at the Office for National Statistics |
| 0:53.2 | and ask him, why does it cost a third more than it did last year? That's more than three times the official rate of inflation. If you do your self-assessment tax return on a paper form, beware. HMRC may not send you one this year unless you ask. Plus, how to get an extra £301 if you're a low-income |
| 1:14.3 | pensioner. But first, every minute of 2022 thieves stole £2,300 from bank and credit card accounts. |
| 1:23.0 | In total, they took £1.2 billion from nearly 3 million people. |
| 1:28.7 | These figures were released this week by the banking trade body UK finance in its latest |
| 1:33.8 | annual fraud report. David Postings is its chief executive, and he was clear about the scale |
| 1:39.9 | of the problem affecting bank customers in the UK. |
| 1:43.3 | Well, we are the fraud capital of the world, and I think that's part of the problem affecting bank customers in the UK. Well, we are the fraud capital of the world. |
| 1:46.7 | And I think that's partly because of our language and time zone, but partly because of the |
| 1:52.7 | payment system as well. And we do have international contacts. So I was talking to the home |
| 1:58.5 | office yesterday who just spent some time in America, |
| 2:01.1 | talking to the Americans about fraud there. So yes, international cooperation is important, |
... |
Please login to see the full transcript.
Disclaimer: The podcast and artwork embedded on this page are from BBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.
Generated transcripts are the property of BBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.
Copyright © Tapesearch 2026.