General Election and Fraud report

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 22 June 2024

⏱️ 27 minutes

🔗️ Recording | iTunes | RSS

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Summary

What are the financial issues that you will be considering when you decide how to cast your vote in the General Election in July? Research shows that the economy and inflation are two big issues on our minds - we'll hear from some potential voters on what they'd like to see.

New figures from UK Finance, which represents banks and other finance firms, revealed that in 2023 a record number of people lost more than £450 million to thieves who tricked them, manipulated them and then drained their bank account. The slightly better news is that more of them got their money back. We'll delve into the details.

And almost three quarters of a million tax credit renewal letters are hitting people's doormats over the next few weeks - and thousands of people will need to act or face losing their payments. What should you do if that’s you?

Presenter: Paul Lewis Reporters: Dan Whitworth, Sandra Hardial and Neil Morrow Studio Producer: Craig Henderson Editor: Jess Quayle

(This programme was first broadcast Saturday 25th May 2024)

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for
0:21.7	Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman.
0:27.4	This is The Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts.
0:36.4	Hello, welcome to this Moneybox podcast.
0:39.2	Fraud is still massive, new figures reveal,
0:41.5	so why do 30 banking firms want to slash the amount they repay their customers who fall victim?
0:47.4	Energy bills will fall again for the summer, but they'll be up again in time for the winter.
0:52.2	And red stripe, black stripe or no stripe at all,
0:55.9	why people on tax credits are getting confused over official letters about their benefits.
1:01.2	But first, almost everyone seems to have been taken by surprise by the Prime Minister's announcement
1:06.0	that he'd asked the King to dissolve Parliament and would call a general election on July
1:10.0	the 4th, abandoning much
1:11.3	of his parliamentary business. Protection for tenants in England and Wales from arbitrary
1:15.4	eviction, just one casualty of the announcement as the Renters Reform Bill has been lost. So what are
1:21.4	the financial issues that you'll be considering when you decide how to cast your first vote
1:25.5	for a new Parliament since December 2019.
1:29.2	Since then, we've had the pandemic, the war in Ukraine, record energy bills and the highest rate of inflation for 40 years,
1:35.4	creating a cost of living crisis which has left many people poorer.
	...

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