UK funeral industry investigated for high prices
Money Box
BBC
4.2 • 825 Ratings
🗓️ 5 December 2018
⏱️ 30 minutes
🧾️ Download transcript
Summary
The competition regulator has stepped up its investigation into the £2 billion a year funerals market, after finding prices have risen above inflation for over a decade.
Transcript
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| 0:00.0 | You're about to listen to a BBC podcast, but this is about something else you might enjoy. |
| 0:05.4 | My name's Katie Lecky and I'm an assistant commissioner for on demand music on BBC Sounds. |
| 0:10.8 | The BBC has an incredible musical heritage and culture and as a music lover, I love being part of that. |
| 0:17.5 | With music on sounds, we offer collections and mixes for everything, from workouts to |
| 0:22.4 | helping you nod off, boogie in your kitchen, or even just a moment of calm. And they're all put |
| 0:28.3 | together by people who know their stuff. So if you want some expertly curated music in your life, |
| 0:35.0 | check out BBC Sounds. |
| 0:41.2 | BBC Sounds, music, radio, podcasts. |
| 0:46.7 | Welcome to the download of Moneybox Live, the program about your money, and today is all about funeral costs. Good afternoon. The government's investigation into the funeral industry has |
| 0:52.5 | revealed that the bereaved are at risk of being exploited, thanks to their emotional vulnerability. |
| 0:59.1 | The Competition and Markets Authority initial findings note that prices for funerals and cremations have risen substantially above inflation for well over a decade, |
| 1:08.8 | and that the scale of these price rises does not currently appear |
| 1:12.1 | to be justified. It is a damning critique of this £2 billion a year industry. So have you |
| 1:19.2 | arranged a funeral for a loved one and how much did it cost? Have you paid for your funeral in |
| 1:24.2 | advance, a pre-pay funeral? If so, we'd love to hear from you. Please call |
| 1:29.3 | Moneybox live now on 0.3-700-100-444 geographic charges from landlines and mobiles apply or email |
| 1:38.3 | moneybox at BBC.co.uk. And we've had an email from Owen who writes, my wife's funeral in 2006 cost about £2,000. |
| 1:47.2 | We organised everything in advance because my wife knew she was dying. |
| 1:51.3 | She chose the funeral director, the music, the speakers and the venue. |
| 1:54.6 | And included in the cost was £500 we put behind the bar at my wife's insistence. |
| 2:00.0 | So that all the drinks at the wakes for our friends were free. |
| 2:04.1 | It was a very memorable day. |
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