Record release

Wake Up To Money

BBC

Business

4.1 • 775 Ratings

🗓️ 12 March 2026

⏱️ 54 minutes

🔗️ Recording | iTunes | RSS

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Summary

Sean Farrington hears about the IEA's release of 400 million barrels of oil reserves. Elsewhere, Sean discusses the largest withdrawal of mortgage products since Liz Truss' mini-Budget, and staff at John Lewis await an update on the reinstatement of their annual bonus payments.

Transcript

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0:00.0	BBC Sounds, Music, Radio Podcasts.
0:05.6	Hello, I've just nipped in before your BBC podcast starts to tell you all about
0:09.4	You're Dead to Me. We're the comedy podcast that takes history seriously. Also from the BBC
0:13.9	and presented by me, Greg Jenner. I should have told you that at the beginning. Sorry.
0:17.9	Anyway, like many other BBC podcasts, such as Desert Island Discs, Evil Genius, or In Our Time, your dead to me is available first on BBC Sounds,
0:26.3	a whole month earlier than anywhere else, in fact. So if you can't wait another day to hear the very
0:31.6	latest in history and loads of other good stuff, then listen first on BBC Sounds.
0:36.9	Wake up to Money from BBC 5 Live.
0:40.2	Hello, welcome. It is Wake Up to Money.
0:42.9	We had that biggest ever release of stockpiled oil.
0:47.4	400 million barrels.
0:49.0	The idea being to stem market volatility.
0:52.5	Today we wake up and the oil price is back above $100 a barrel.
0:57.7	Didn't seem like that was part of the plan. We'll look at what's going on, what that means for prices next.
1:03.9	500 mortgage products here in the UK have been pulled from the market in the past few days.
1:08.5	That's been the biggest withdrawal of those products since
1:10.9	Liz Truss's mini-budget all those years ago. And we're going to have a look at John Lewis this
1:16.3	morning. Staff there are awaiting an update on whether or not their annual bonus payment will be
1:21.1	reinstated for the first time in four years.
1:24.2	Wake up to money with Sean Fararrington. Good morning to you.
1:28.4	It is Wake Up to Money on this Thursday morning, the 12th March, just after 5 o'clock.
1:33.7	Interested in your thoughts about John Lewis, one of those veterans on our high street
	...

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