Tax and the Election and Help with Bills

Money Box

BBC

Business

4.2 • 804 Ratings

🗓️ 13 July 2024

⏱️ 26 minutes

🔗️ Recording | iTunes | RSS

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Summary

Nineteen days to go before your cross on a ballot paper will help decide who runs the country. You have been telling Money Box what matters to you. This week we'll discuss how much tax you already pay and whether that will change after 4th July.

The head of the UK payment regulator has rejected calls to delay a new fraud reimbursement plan which is due to begin on 7th October. It will mean that victims of fraud are fully reimbursed for losses up to £415,000. We'll have more on this story.

And more than half a million people are now getting help with their finances, often saving substantial sums of money, thanks to something called the Vulnerability Registration Service. What is it and how does it work?

Presenter: Paul Lewis Reporter: Dan Whitworth Researchers: Immie Rhodes and Jo Krasner Editor: Jess Quayle

(First broadcast 12pm Saturday 15th June, 2024)

Transcript

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0:00.0	On a winter's night in 1974, a crime took place that would obsess the nation.
0:07.0	It was an extraordinary news story.
0:09.0	The story of an aristocrat, Lord Lucan, who's said to have killed the family Nanny,
0:14.0	mistaking her for his wife, then somehow just disappeared.
0:18.0	One of the great mysteries in English criminal history. We're still looking for
0:21.7	Lucan. It's honestly one of the most powerful stories of my lifetime. I'm Alex Fontunzelman.
0:27.4	This is The Lucan Obsession. Listen on BBC Sounds. BBC Sounds, music, radio, podcasts.
0:36.5	Hello, welcome to this Moneybox podcast. New rules to reimburse people who have tens of thousands of pounds stolen from their bank account will not be changed or delayed, says the regulator's new boss. And hundreds of thousands of people are saving money and sorting their finances, thanks to a growing service for those in need.
0:56.0	But first, 19 days to go before your cross on a ballot paper will help decide who runs the country.
1:03.6	You've been telling Moneybox what matters to you, and tax is one topic that keeps coming up,
1:08.6	how much you already pay, and how that might change after July
1:11.8	the 4th. Hello, Moneybox. My name is Carolyn. I used to be a nursing sister, but now I'm an artist
1:17.5	working for my studio near Bristol. Tax is important to every working person, to be honest, and
1:23.5	I think for the cost of living crisis, it affects you even more, And tax, I think, is probably number one on most people's lists.
1:31.0	I am 49 years old.
1:32.8	I am in a financial service industry working as a software engineer.
1:36.5	With inflation and other things, right now my mortgages had gone up
1:40.4	and all the utility bills, everything had gone up.
1:43.0	So my question would be why tax bans is not
1:46.7	linked to inflation? I'm 67, so I'm retired. I'm not struggling. I'm not doing lots of luxury things.
1:55.6	Big thing to me is that we should have a fair tax system. I get a basic state pension and if it gets taxed it will
2:02.1	be whittled away and then what am I going to be left with after that? Even after increasing the
	...

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