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Money Box

Money Box Live: Care Leavers

Money Box

BBC

Business

4.2804 Ratings

🗓️ 24 July 2024

⏱️ 29 minutes

🧾️ Download transcript

Summary

Around 38,000 children move into care every year in the UK. That's one every 15 minutes and a significant number of looked-after children will remain in the system until they reach adulthood. So what happens then?

In this programme Felicity Hannah talks about what happens when you leave care. Without the bank of Mum and Dad, what financial support are those young people promised?

We're joined by Jess and Callum, two care leavers as well as Kirsty Doull, Care and Transitions Lead at CELCIS, which is the Centre for Excellence for Children's Care and Protection, Carrie Wilson-Harrop from the Care Leavers Association and Clare Bracey, Policy, Campaigns and Communications Director at the care leavers charity, Become.

Presented and Produced by Felicity Hannah. Producer: Neil Morrow Editor: Jess Quayle

(First broadcast 3pm Wednesday 26th June, 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 Lucan.

0:21.6

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

0:25.6

I'm Alex von Tundselman.

0:26.6

This is The Lucan Obsession.

0:28.6

Listen on BBC Sounds.

0:32.6

BBC Sounds, music, radio, podcasts.

0:36.6

Hello. In today's Moneybox Live podcast, we're looking at the finances of leaving care.

0:42.4

Around 38,000 children move into care every year in the UK.

0:46.4

That's one every 14 minutes.

0:48.4

And a significant number of looked after children will remain in the system until they reach adulthood.

0:53.7

Now across the UK, school pupils are finishing exams and looking forward to starting adult life,

0:58.8

whether that's work, college or uni.

1:01.0

So on today's Moneybox Live, we're talking about how that happens when you leave care.

1:05.8

Without the Bank of Mum and Dad, what financial support are those young people promised?

1:10.2

And what impact does experience of

1:12.0

the care system have on their long-term financial security? Plus, what extra costs do they face

1:17.6

if they don't have that family support? There's a lot more associated costs with being a care lever,

1:22.9

so things like having to maintain your own tenancy because you don't go home during the summer and you need

...

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