The economics of weddings, scones and packets of cereal

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 23 September 2016

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s a really fun show this week and a fantastic antidote to the Bake Off and Brangelina hysteria.

For the initiated, two well-known Hollywood actors announced their divorce this week and the makers of televised cake-making competition revealed they were moving it to Channel 4 from the BBC.

And we don’t care.

Not that making cakes doesn’t get a look in. It does but with the usual financial twist.

How to save money baking is one of the more popular stories of the week. Have you any idea just how cheap it is to make a scone?

Rachel Rickard Straus, Lee Boyce and Georgie Frost also find time to be utterly horrified about the cost of a wedding.

Tip: Get married abroad, says Lee.

Also discussed are:

Retweaked economic forecasts from the Office for National Statistics (ONS)

The idiocy of the lifetime Isa – another ill-conceived, complicated tax change from the previous Chancellor

House prices

Fluffy surveys from banks

Shrinking products – that get smaller and smaller to keep the price the same

And are we losing control of our money?

Enjoy.

Transcript

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0:00.0	This is Money brought to you in partnership with NS&I, giving you 100% security for your savings.
0:19.9	A very warm welcome to This is Money in Share Radio podcast in partnership with NS&I.
0:24.8	I'm Georgie Frost.
0:25.7	Joining me in the studio today is personal finance editor Rachel Rickard Strauss
0:29.8	and Consumer Affairs editor Lee Boyce to round up the week's top stories they've been covering on their financial website of the year.
0:37.2	And after Project Fear comes, well, project not too bad. the week's top stories they've been covering on their financial website of the year.
0:41.3	And after project fear comes, well, project not too bad.
0:46.6	So fears of a house price slump, job losses and a falling consumer confidence yet to appear.
0:49.6	No emergency budget. Are we out of the recession woods yet? The indications that we've had since the 23rd of June is that at least consumer spending has carried on
0:56.5	growing robustly. Maybe we shouldn't just be looking at all the numbers and the stats. For a
1:01.6	better idea of how we're doing, economically speaking, we'll just take a look inside your cereal box.
1:06.8	We focus on signals and the ever-shrinking products in your food cupboard.
1:11.4	Also, how in control are you of your money?
1:14.2	We look at the rise and rise of the nudge.
1:17.1	Now it aims to get you to pay your taxes.
1:19.7	People can be influenced in the choices they make.
1:22.4	Simply by the way the choices are laid out and described.
1:25.5	So you don't need to incentivise people or coerce people
1:29.0	in any way. We'll also be looking at one of the crown jewels of the last budget, the lifetime
1:34.1	ICER, losing it shines somewhat as treasury documents come out. Young people have quite a lot of
1:39.5	things that they have to save for and life can be tricky. And if there's a worry that the government
1:42.8	would take a huge chunk of your money and its interest and you'd end up with less than you put away in the
	...

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