What drives you mad about going to the shops?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 1 December 2023

⏱️ 60 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

What drives you mad about going to the supermarket?

Is it self-service tills, scanning receipts to get out, loyalty scheme dual pricing, or prices being hiked well above inflation?

Many of us want to support bricks and mortar retail, but there are times when shops seem to mainly be involved in testing our patience.

In a week in which the competition watchdog fired a broadside at the consumer brands giants for pushing up prices, a practice dubbed ‘greedflation’ and sounded a warning to Tesco and Sainsbury’s over Clubcard and Nectar Prices, the This is Money podcast team head down the shops.

Georgie Frost, Lee Boyce and Simon Lambert discuss what’s good, what’s bad and what really gets their goat.

Plus, will a new online fraud charter make any difference?

The team discuss investing legend Charlie Munger and financial crisis Chancellor Alistair Darling, who both died this week.

And finally, what makes a house price hotspot – we look at the UK’s top 30 this year.

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and joining me and Simon Lambert. Today is Lee Boyce.
0:08.0	And coming up, nectar and club card face a probe by the competition watchdog.
0:12.0	Greedflation, loyalty card prices and self-service checkouts who'd be a shopper nowadays.
0:18.0	We're getting a new online fraud charter as the government promises to make
0:21.7	big tech do their bit in protecting us, but will it make any difference? Also today we pay
0:26.8	tribute to an American investing legend and the Labour Chancellor who steered Britain through the chaos
0:31.7	of the global credit crunch, who both died over the last week. And we reveal the UK's 30 house price hotspots of 2023.
0:39.8	Don't forget, in step upstate, with all the latest breaking money news,
0:42.6	just go to this ismoney.co.com.com or download the app.
0:46.7	Don't forget, you can stay on top of what's going on in the markets
0:49.4	by tuning in to the Digest and Invest podcast by Itoro.
0:52.4	Go to your regular podcast platform and listen on the go.
0:54.7	Digest and Invest by Itara, the podcast for those interested in trading and investing.
0:59.1	But first, Tesco's Club Card and Sainsbury's nectar prices are to be scrutinized by the UK's
1:05.9	competition watchdog in a probe into supermarket loyalty schemes. Now, the move comes alongside the
1:11.2	Competition of Markets Authority, revealing separately that it had found evidence of profiteering
1:16.7	by big name brands during the inflationary surge of the last two years, dubbed greedflation.
1:24.1	And while we're at it, Lee is having a go at the supermarkets as well, getting his supermarket
1:29.5	gripes out on the table and holding his own Christmas boycott. Did you like that, Lee?
1:35.1	Boycecott. Did you get it?
1:37.5	Very good. Thanks. Thanks. Took me ages to think of that. We'll get to you in a second. Lee.
1:43.8	Oh, Simon, Lee, I remember many, many years ago.
	...

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