Money Box Live: The Battle Against Rising Bills
Money Box
BBC
4.2 • 825 Ratings
🗓️ 18 October 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
Inflation has dropped to 6.7% but that doesn't mean our bills will be coming down anytime soon.
The news offers a small amount of welcome relief as the dip means prices are rising slower than they have been.
But inflation is still way off the Bank of England's target of 2%.
This week on Money Box Live we're looking at how to try and lower your personal rate of inflation and cut costs.
Felicity Hannah is joined by Christopher Jenkins a Senior Inflation Statistician from the Office For National Statistics as well as personal finance journalist Martyn James and Lisa Webb from consumer group Which?
Presenter: Felicity Hannah Producer: Sarah Rogers Researcher: Luke Smithurst Editor: Jess Quayle
(First broadcast, 3pm Wednesday September 20th, 2023)
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 | Welcome to the podcast of Moneybox Live, the program about your money. I'm Felicity |
| 0:41.5 | Hannah and inflation, the rate of which prices rise fell in August, which was a nice surprise |
| 0:47.2 | this week. But it doesn't mean, of course, the prices are falling. It just means they're rising |
| 0:51.7 | a little bit more slowly. The official inflation number |
| 0:54.8 | is 6.7%. And while that is wildly off the 2% target, it's lower than we expected. Food prices |
| 1:02.7 | have slowed, petrol and diesel costs, though, they were on the up. Here's what the Chancellor |
| 1:07.3 | Jeremy Hunt had to say. Even at 6.7%, that is a lot of pain for ordinary families who are seeing their shopping bills go up there, fuel prices go up. |
| 1:17.2 | And that is why it is essential that we continue to stick to that plan, deliver the Prime Minister's pledge and the Bank of England's target, get it right down to 2%. |
| 1:26.3 | So prices are easing, but yes, it's still a painful time for our budgets. |
| 1:31.8 | We all spend, though, in slightly different ways, and your own rate of inflation could be very different. |
| 1:37.1 | So today on Moneybox Live, we're looking at the impact rising prices have had on all of us |
| 1:42.2 | and how we can bring our own personal inflation rate down. |
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