Social Tariffs and Open Banking

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 19 October 2024

⏱️ 25 minutes

🔗️ Recording | iTunes | RSS

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Summary

People are missing out on nearly two billion pounds' worth of discounts on water bills and broadband, according to Citizen's Advice. Social tariffs give lower prices to people on low incomes, but the charity says there's a "postcode lottery" when it comes to what people can get. The government says more than 1.3 million households in England and Wales benefitted from £200m worth of help with water bills in 2022/23 and that it's working with broadband providers to raise awareness of social tariffs. Industry groups say many customers choose low-cost broadband over social tariffs and the number of households getting help paying for water should double by 2030.

How might the Chancellor change tax relief on pensions in the upcoming budget?

More than 11 million people used Open Banking in July - that figure was up by 12 percent on the month before. We'll discuss how it works.

And, have you been affected by a scam? Ahead of a special programme on October 5th we'd like to know your experiences - email [email protected].

Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Jo Krasner and Emma Smith Editor: Jess Quayle

(First broadcast 12pm Saturday 21st September 2024)

Transcript

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0:00.0	You are about to listen to a BBC podcast and I'd like to tell you a bit about what goes into making one.
0:06.5	I'm Sadata Sese, an assistant commissioner of podcasts for BBC Sounds.
0:11.2	I pull a lot of levers to support a diverse range of podcasts on all sorts of subjects,
0:16.0	relationships, identity, comedy, even one that mixes poetry, music and inner city life.
0:22.4	So one day I'll be helping host develop their ideas, the next fact-checking, a feature,
0:28.3	and the next looking at how a podcast connects with its audience, and maybe that's you.
0:33.6	So if you like this podcast, check out some others on BBC Sounds.
0:39.5	BBC Sounds, music, radio podcasts.
0:43.2	Hello, welcome to this Moneybox podcast.
0:46.0	Pension tax relief costs the Treasury,
0:48.1	£43 billion last year.
0:50.5	Will the Chancellor cut that back in her budget?
0:53.1	And this week, the open banking roadmap was
0:55.7	completed and if you haven't a clue what that means you're not alone. More later. But first,
1:01.3	people are missing out on nearly £2 billion worth of discounts on water bills and broadband,
1:07.0	the oldest and newest essentials of daily life, I guess. That figure from a report by citizens' advice on what are called social tariffs,
1:14.9	their lower prices for people generally on low incomes.
1:18.1	The trouble is not enough people know about them and fewer still claim them.
1:21.9	So the potential savings are not being made by millions of people who need them.
1:26.1	There's also criticism that different rules lead to
1:29.0	what the citizens' advice call a postcode lottery. More from that report in a minute, but first,
1:34.6	Moneybox reporter Dan Whitworth has more details, Dan. So to be clear, Paul, this is not money from
	...

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