NS&I Delays and Youth Unemployment
Money Box
BBC
4.2 • 825 Ratings
🗓️ 30 May 2026
⏱️ 24 minutes
🧾️ Download transcript
Summary
Some bereaved listeners whose relatives had money put away with National Savings and Investments are facing weeks and months of delay in getting their own money. It comes as NS&I works to track down the accounts of tens of thousands of people who had died, after it admitted keeping nearly half a billion pounds in its coffers that should have been passed to their estates. The state-owned bank has apologised and says its working hard on its plan to ensure those affected are paid what is owed to them, along with returning the processing of current and new bereavement claims to their normal time-frame.
The cost of borrowing has been held steady by the Bank of England. On Thursday its Monetary Policy Committee held the Bank Rate at 3.75%. How is that affecting mortgage deals?
And, how can young people, who’re out of work, find a job? Dan Whitworth reports on a scheme run by the charity Spear to address barriers to work. It comes as University College London publishes research which finds being out of work and education between ages 16 and 24 has long-term consequences for people’s employment and finances in midlife.
Presenter: Paul Lewis Reporters: Dan Whitworth and Jo Krasner Researcher: Catherine Lund Editor: Jess Quayle Senior News Editor: Sara Wadeson
(First broadcast 12pm, Saturday 2nd May 2026)
Transcript
Click on a timestamp to play from that location
| 0:00.0 | BBC Sounds, music radio podcasts. |
| 0:07.2 | Things just swirling around my head. |
| 0:09.6 | Am I really the product of this? |
| 0:12.1 | Astonishing secrets uncovered by at-home DNA tests. |
| 0:17.0 | Little did I know what more was to come. |
| 0:19.5 | I'm Jenny Clemen, and in the new series of The Gift, we'll hear more stories emerging out of the ever-expanding global DNA database. |
| 0:28.8 | They did know that I was different. |
| 0:31.7 | You had kids together. |
| 0:33.0 | Yeah. |
| 0:33.5 | Then you met. |
| 0:34.3 | Then we met. |
| 0:35.2 | The Gift. |
| 0:36.1 | Listen on BBC Sounds. |
| 0:39.5 | Hello, welcome to this Moneybox podcast. |
| 0:42.8 | The Bank of England warns inflation and interest rates will rise this year, |
| 0:46.6 | creating difficult choices for people who need a mortgage. |
| 0:50.6 | And youth unemployment scars the young people affected for life. |
| 0:54.8 | A new study finds that as the number not in work, education or training grows to nearly a million. |
| 1:01.3 | But first, serious delays in releasing funds after a customer dies are occurring at national savings and investments, |
| 1:09.2 | leaving many grieving families distraught. |
| 1:11.8 | It admits it's not meeting its normal 14-day target, even to respond to inquiries about bereavement claims. |
| 1:19.4 | And many listeners are telling us of delays of months before they actually get the money. |
... |
Transcript will be available on the free plan in 22 days. Upgrade to see the full transcript now.
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.
Copyright © Tapesearch 2026.

