Money Box Live: Christmas Spending and Scams

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 10 January 2024

⏱️ 29 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This week we're tackling the cost of the festive season and looking at how to avoid scams.

The cost of Christmas is up almost a quarter over the last three years according to the The Centre for Economics and Business Research. What can you do to keep costs down?

And as figures from UK Finance, the trade body for banks, suggest nearly £100m will be stolen from around 200,000 people through fraud and scams over the Christmas period we'll discuss what you can do to avoid them.

With Felicity Hannah today to go through your questions and comments we have Sarah Pennells, consumer finance specialist at Royal London and Professor Sharon Collard, Research Director at the University of Bristol's Personal Finance Research Centre.

We'll also be hearing from Paul Askew a chef and the owner of the Art School restaurant in Liverpool and he'll be giving us some tips on how to cut the cost of Christmas Dinner.

Presenter: Felicity Hannah Producer: Sarah Rogers Reporters: Dan Whitworth and Kath Paddison Editor: Jess Quayle

(First broadcast 3pm Wednesday 13th December, 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.
0:43.1	Hello, welcome to this Moneybox Live podcast, where we're talking about...
0:47.1	The most wonderful time of the year.
0:52.7	But can you feel that good cheer when you're queuing up at the till after battling through shopping
0:58.5	centre crowds, or my version sitting on the sofa, adding items to an online basket?
1:03.6	Yes, this week we are tackling the cost of Christmas. Some people, of course, finished their
1:08.6	shopping back in November. The rest of us are now frantically searching for the must-have toys,
1:14.3	which could put us at risk of scams.
1:16.8	And paying for it can be a challenge as well.
1:19.1	Are you dreaming of a white Christmas, or are you already in the red?
1:23.0	We've been asking people in Carlisle how their Christmas is looking this year.
1:27.3	We're being a bit penny-pinching. It's going to be a little bit more of a frugal Christmas.
1:32.4	Know what you're looking for is the best thing. Or just look for the bargains.
1:35.7	It's expensive, but we have to do it because otherwise the children, they're not happy anymore.
1:41.5	Think with the bills the way they are, you've got to be sensible.
	...

Please login to see the full transcript.

Previous episode | Next episode

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.