How safe are your bank, your energy firm and your gig tickets?
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 2 December 2016
⏱️ 51 minutes
🧾️ Download transcript
Summary
An energy firm collapsed this week, but even if you were one of GB Energy's customers you might not have even realised. If you've ever wondered where all those strangely named energy firms have come from, listen to this week's This is Money Podcast to find out. Simon Lambert and Lee Boyce, of This is Money, join Georgie Frost in the Share Radio studios to discuss why our energy firms are feeling stressed. They also look at why our banks are being stress tested, with the majority state-owned RBS setting an example by failing. But how do you get from that to Guns N' Roses and OPEC? Listen to this week's podcast to find out.
Transcript
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| 0:00.0 | This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings. |
| 0:12.0 | A very warm welcome to This Is Money and Share Radio podcast in partnership with NS and I. |
| 0:17.1 | I'm Georgie Frost. And joining me in the studio is editor Simon Lambert and Consumer Affairs editor Lee Boyce to round up the week's top stories they've been covering on their financial website of the year. And it's been a stressful week. |
| 0:30.6 | The Bank of England's tests have become a bit more severe. |
| 0:33.6 | Eight years after the financial crisis, Royal Bank of Scotland still isn't delivering for its customers |
| 0:39.2 | or its owner of the UK public. |
| 0:41.0 | GB Energy collapse. |
| 0:42.0 | They've been struggling. |
| 0:43.0 | They stess up in 2014 and the price of crude oil just fell since then. |
| 0:48.8 | Real and imagined RBS failed the Bank of England's simulated stress test scenario. |
| 0:59.7 | Small energy supplier, GB Energy, failed the real world's rising fuel cost stress test. |
| 1:02.6 | What next for their 160,000 customers? |
| 1:03.6 | Don't panic. |
| 1:06.0 | After M, we've done a good job of getting this sorted. |
| 1:09.7 | Co-up energy took over the supply as of midnight. |
| 1:12.0 | Perhaps they could switch to this is money energy. |
| 1:15.4 | Simon asks just how easy is it to set up an energy firm? |
| 1:19.0 | He goes on the trail of the jumble of names in his postcode. |
| 1:24.4 | Well, with energy supplies collapsing, oil prices rising and the upcoming Italian referendum, |
| 1:28.7 | 2017 is looking a little more troublesome, and that's before we've got to Brexit. |
| 1:35.9 | It's taking a massive $5 billion a year out of business and consumers' pockets, which has got to be bad for the weak economic growth that's now being forecast for next year. |
| 1:41.4 | The cost of filling up our tanks may be rising, so we look at cutting |
... |
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