Money Box Live: Working Over 50
Money Box
BBC
4.2 • 825 Ratings
🗓️ 29 March 2023
⏱️ 29 minutes
🧾️ Download transcript
Summary
The Chancellor, Jeremy Hunt, is expected to introduce measures in his March Budget to encourage people who have retired early to return to work in-order to help revive the economy.
In this podcast, we speak to people who are retired, people who are over 50 and looking for a new job, and some who are continuing to work after 70. With them, we identify what the barriers are keeping them out of work, and what the incentives are to keep them in the workforce.
The experts on the panel are, Kim Chaplain, specialist advisor for work at the Centre for Ageing Better, and Adrian Adair, chief operating officer at Morson Group.
Presenter: Felicity Hannah Producer: Amber Mehmood Researcher: Dan Bater Editor: Jess Quayle
(First broadcast 3pm Wednesday 1st March, 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 |
| 0:21.7 | Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman. This is |
| 0:27.8 | the Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts. Welcome to the podcast of Moneybox Live, the program about your money. |
| 0:40.3 | Now, if you're over 50, then where are you listening to this? |
| 0:43.3 | Are you on your way to work? |
| 0:45.3 | Or perhaps you're one of the people enjoying in early retirement? |
| 0:48.3 | Some time to yourself and the pleasures of no boss or deadlines. |
| 0:52.3 | Maybe you're listening to this on a dog walk. |
| 0:54.9 | If you're in that second group, then the Chancellor Jeremy Hunt might have plans for you. |
| 0:59.8 | He's pretty widely expected to announce measures to entice you back to work when he gives |
| 1:05.1 | his budget speech in a couple of weeks. This is because since 2019, there's been a sharp rise |
| 1:10.6 | in the number of over-fifties who are not working, not self-employed and not claiming job-seeking benefits. |
| 1:16.6 | For a variety of reasons, they've simply exited the workforce. |
| 1:20.6 | Now, last Saturday, Moneybox found out what specialist help was available to get this group back into work and dozens of you emailed in with |
| 1:28.8 | your stories. Before we take a call, let's dig into those numbers. How many over 50s have checked out |
| 1:34.8 | of the workforce and why? Earlier today, I spoke to Darren Morgan. He's director of economic |
| 1:40.5 | statistics at the Office for National Statistics. So if anyone will know, it is him. |
| 1:45.9 | Here's what he said. |
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