Fraud Refunds Report and Savings Tax
Money Box
BBC
4.2 • 825 Ratings
🗓️ 2 December 2023
⏱️ 26 minutes
🧾️ Download transcript
Summary
For the first time we know the record of individual banks on reimbursing victims of fraud. The Payment Systems Regulator published figures this week which show, bank by bank, what proportion of the victims were reimbursed and what proportion of their money they got back.
Millions of people, some with quite modest savings, now face the prospect of paying tax on the interest those savings earn. Who does it affect and what do you need to do about it?
We'll discuss a new report from the University of Bristol about finances and divorce.
And as recent research suggests two out of three British adults have told a 'financial fib' by lying about their earnings or what something cost, we want to know your financial fibs - email moneybox@bbc.co.uk
Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Sandra Hardial and Jo Krasner Editor: Jess Quayle
(First broadcast 12pm, Saturday 4th November, 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. |
| 0:43.2 | Hello, welcome to this Moneybox podcast. Nearly three million people will soon have to pay tax on their savings interest. |
| 0:51.0 | But how will it be collected? What's the biggest fib you've ever told about money? |
| 0:56.9 | And more than 100,000 couples divorce in England and Wales each year, but new research |
| 1:01.8 | indicates that less than a third divide their stuff equally, and two out of three take no |
| 1:07.6 | legal advice at all. But we start the programme with the news that for the first time we know how individual banks treat customers |
| 1:16.2 | who have money stolen from their bank accounts. |
| 1:19.4 | The payment systems regulator published figures this week which show, |
| 1:23.3 | bank by bank, what proportion of their money victims got back. It's something campaigners have |
| 1:29.7 | long called for and critics say banks have long resisted. Some of the figures are quite shocking. |
| 1:35.7 | Dan Witt was here, Dan, this really is a big moment, isn't it? It is. And we'll get to the detail |
| 1:40.7 | in just a minute, Paul, but it's worth reminding people that for all the data, for all the numbers, for all the reports that cover fraud, what this is actually all |
| 1:48.7 | about is helping try to stop people becoming victims in the first place. People like Jan, |
| 1:54.8 | Steve, James and Yakopo, who we've heard from on Moneybox this year. I was just so gutted. |
| 2:02.5 | I was so, so, so upset that someone could do this to me |
... |
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.