Pulling the plug on subsidies for green cars
Money Box
BBC
4.2 • 825 Ratings
🗓️ 20 October 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
If you're thinking of buying a new greener motor car you might want to hurry up. In less than three weeks' time government subsidies on more environmentally friendly vehicles, worth thousands of pounds, are going to be cut or disappear altogether.
Pay.UK have just released plans for banks to introduce confirmation payee in 2019 to help cut bank fraud. What's taken so long?
New figures out this week show that hard work in fact pays rather less well than it did four years ago - at least for people whose low wages are topped up by benefits. This week's inflation figure for September confirmed just how much worse off many people on benefits are.
High house prices make it incredibly hard, particularly for young people, to get on the property ladder. We report on a small but growing trend for people to buy their first home -- with someone other than a relative or a partner.
Presenter: Paul Lewis Reporter: Dan Whitworth Producer: Alex Lewis Editor: Richard Vadon
Transcript
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| 0:41.2 | BBC Sounds, music, radio, podcasts. |
| 0:45.0 | Welcome to the download of Moneybox, the program about your money. |
| 0:51.0 | Hello, in today's program, Banks will start checking the recipient's name when we transfer money online in an attempt to prevent errors and frauds, but not just yet. |
| 0:55.9 | One answer to high house prices is to buy with a friend, but is it really a good idea? |
| 1:00.9 | Is austerity over, or is it just beginning for some of those affected? |
| 1:04.9 | And Dan Witt was here, he's been going green. |
| 1:07.4 | That's right, because there are less than three weeks left to get the current subsidy |
| 1:11.1 | if you want to buy a green car. Cutting the subsidies is absolutely crazy, it's ridiculous, |
| 1:16.4 | and they incentivise people to go for these sort of things, and then as soon as everyone |
| 1:20.3 | signs up for it, they take it away. Thanks, Dan, look forward to it. But first, those new rules |
| 1:25.2 | that were announced this week to help stop fraud when people make online payments. |
| 1:29.9 | When the new system begins, an online payment will be checked against the recipient's name as well as their bank account numbers. |
| 1:36.6 | At the moment, that doesn't happen, even though we're always asked to put the name in, but it's not checked. |
| 1:42.2 | Pay.U.K., the organisation responsible for running the UK |
| 1:45.8 | payment systems, announced the change this week. In future, we will be warned if the name we put in |
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