Should the Bank of England have cut interest rates instead of holding firm?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 10 May 2024

⏱️ 63 minutes

🔗️ Recording | iTunes | RSS

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Summary

The Bank of England decided to hold the base rate for the sixth time in a row this week – but was it the right decision?

Should the MPC have been bold and made a cut? What does it mean for our mortgages and savings? And when will a move come - and in what direction?

This week, Georgie Frost, Simon Lambert and Lee Boyce talk about the base rate decision and what happens next.

In the world of property, the number of homes being devalued is on the rise. So, what's going on? And what can you do if it happens to you.

Bungalows are having a moment. They're not just for the elderly and downsizers, young families and first time buyers are also increasingly interested - pushing the price of them higher since the pandemic. .

Energy firms have been trying to push smart meters on us for years. Have they uncovered a new trick to get us to make the swap?

And finally, it's been good news for JD Wetherspoon - the no frills pub chain said it expects annual profits to come in towards the 'top end' of forecasts.

Where do you stand on Spoons? Lee and Simon face-off with different pints of view on the pub giant.

Transcript

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0:00.0	Welcome for this is Money podcast sponsored by Charles Stanley Direct. I'm Georgie Frost and joining me and Simon Lambert today is Lee Boyce. And coming up, as you were with interest rates, but should the Bank of England have cut them? Also today, what to do if you're buying a home and it gets down valued? Bungalow Wars. Downsizes and young families are battling it out as prices soar.
0:24.4	Our energy firm's trying to trick us into getting smart meters and weather spoons.
0:29.5	Are you a lover or a hater?
0:31.8	Don't be getting you step today with all the latest breaking money news.
0:34.0	Just go to this ismoney.co.com.com or download the app.
0:39.0	Charles Stanley Direct. Investing made easy. Cost effective and flexible.
0:47.7	Using our website or app with our comprehensive range of investments, trade in shares, funds, investment trusts and
0:57.6	ETFs, there's a range to suit all levels of investor.
1:01.8	Choose your own or consider our ready-made solutions.
1:05.3	Charles Stanley Direct.
1:07.2	Sign up now.
1:08.0	Investment involves risk.
1:09.7	But first, warm welcome to Lee. Warm welcome to Simon. Simon, I think this episode is on you because I'm jet lagged. And Lee Boyce, congratulations. Is a new father again? Is a father again? You're always a father. How do you say that? I don't know. But Lee Boyce has just had a baby.
1:28.3	Well, his wife has had a baby. Oh, good Lee. This was not the smooth introduction that I'd
1:33.5	hopefully. But congratulations nonetheless. Are you sleeping? Thanks, George. Yes, very kind.
1:38.1	Yeah, sleeping much better than daughter one. Daughter two seems to be getting in a bit faster so yeah thanks for the congrats good to be back on
1:45.5	the pod yeah i'm sure it is i'm sure it is uh it gets betterly number three that's where the real
1:51.3	beauty lies i don't even know how to respond to that georgie you're just like oh not right now george
1:57.3	actually as one as one of four children i don't have four children but as one of four children, I don't have four children, but as one of four
2:03.7	children, I'm the eldest of four and knowing a friend who has four as well, actually it's number
2:08.7	four where it gets easier. You just basically let them do whatever you want. And if the older
2:13.8	siblings are old enough, you can just palm it off on them half the time anyway.
	...

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