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Money Box

How much should the state pension rise by?

Money Box

BBC

Business

4.2804 Ratings

🗓️ 30 October 2021

⏱️ 34 minutes

🧾️ Download transcript

Summary

How much should the state pension rise by? Baroness Ros Altmann says pensioners are being short changed by a government plan to temporarily break the link with earnings. It'll save tax payers billions, but cost each pensioner hundreds of pounds. Baroness Altmann tells how she hopes to block the plan in the House of Lords next week and force a rethink.

A Money Box investigation has discovered that criminals are openly buying and selling your financial information online. This data is known as “fullz”. This illegal trade used to take place on what is called the dark web but has now moved to social media and the ordinary web where it's much easier to find. Money Box Reporter Kaf Okpattah has been delving into the "fullz" trade. We also hear from a victim of the fraudsters, from Jason Dyer of cybercrime intelligence firm Scylla Intel, and from Amber Burridge, Head of Fraud Intelligence at CIFAS.

People in Northern Ireland are facing even bigger rises in their gas and electricity bills than those in the rest of the UK. It's been described as the "worst energy price shock since the 1970s.” Gas bills have already gone up by 35 per cent in some cases, and there have been big price rises for electricity and heating oil - which most people use in Northern Ireland. More increases are expected in December. We hear John French, the CEO of the Utility Regulator of Northern Ireland.

And the boss of one energy supplier says it's up to customers to wear more clothing if they want to keep their bills down. We hear from Bill Bullen, Chief Executive of Utilita Energy, about his Wear Warm campaign and why he says householders should not let their home temperature rise above 21°C.

Presenter: Paul Lewis Producer: Paul Waters Reporter: Kafui Okpattah Researcher: Chris Blake

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 Lucan.

0:21.6

It's honestly one of the most powerful stories of my lifetime.

0:25.6

I'm Alex Fondunzelman.

0:26.6

This is The Lucan Obsession.

0:28.6

Listen on BBC Sounds.

0:30.6

BBC Sounds, music, radio, podcasts.

0:35.6

Hello, welcome to this Moneybox podcast.

0:38.3

Are your financial details for sale on the web?

0:42.3

Criminals are now being much more open about selling personal information.

0:46.3

Households in Northern Ireland face even bigger rises in their energy bills than those in the rest of the UK.

0:52.3

The utility regulator tells us why.

0:55.6

And one English energy boss tells us customers are to blame for their high fuel bills.

1:01.7

But first, the government will save more than £5 billion next year by scrapping the law,

1:06.9

which says the state pension must increase in line with earnings.

1:10.6

Instead, it plans to raise it

1:12.1

in line with prices using the Consumer Price Index or CPI for September. That will give a 3.1%

1:19.4

increase in April instead of an 8.3% rise. The billions saved by doing that were revealed in the

1:26.2

budget papers published earlier this week,

...

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