What would you spend a lottery win on? It could be you (but it probably won't)

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 17 November 2019

⏱️ 47 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It could be you. It probably won't, of course, but maybe, just maybe, it could be.

That's the attraction of Britain's lottery for its millions of players and this week it reached its 25th birthday.

For self-proclaimed Lottery mug, Simon Lambert, that's two-and-a-half decades of spending money on the draw week-in, week-out because foolishly he has six numbers committed to memory.

For some lucky people though, it's meant winning a life-changing sum of money, albeit for a handful it probably didn't change life for the better.

On this week's podcast, Simon, Georgie Frost and George Nixon look at 25 years of the lottery and the story of a couple, Elaine and Derek, from Newcastle who won £2.7million shortly after the game started.

So what did they do with the money - and what would our podcast team do?

Also, this week we discuss the 100 per cent mortgages for students who want to try their hand at becoming buy-to-let landlords.

Meanwhile, providers that know your new card details before you hand them over and Black Friday scams are also on the agenda.

Transcript

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0:00.0	Welcome to This is Money. I'm Georgie Frost and alongside me and editor Simon Lambert today is reporter George Nixon and it could be you.
0:08.7	Granted, it's unlikely, but as the National Lottery turns 25, we hear from one of the first winners about how she's lived off her jackpot.
0:17.3	Plus, we ruminate on a lottery concept that it could encourage millions to save.
0:22.6	Also, today we look at no deposit mortgages for students, a good idea. Can online firms really
0:28.0	find out about your card detail changes before you do? And my favourite time of the year,
0:34.4	it's Black Friday. We'll let you know how to avoid the scams, if not the day,
0:38.8	the week, the month itself. And don't forget you to help to date. With all the latest
0:43.1	breaking money news, just go to this ismoney.co.uk, or download the app. But first, I can't
0:49.5	believe it's a quarter of a century since the first national lottery draw.
0:54.9	I remember it well.
0:56.0	George, you were probably not even an apple.
0:58.2	In your parents, I don't even answer that because it'll make me feel depressed.
1:01.8	Noel Edmonds, Simon, you and I might remember this.
1:04.1	Anthea Turner live on BBC, 19 November, 1994, 22 million people tuned in to watch that.
1:17.1	Fast forward, though, to now, it's created 5,500 millionaires, handed out 71 billion in prize money, though not to me, at all.
1:22.8	So to celebrate, this is money tracked down one of the first millionaires the drawers created to see how they got on.
1:28.1	But before we find out more about Elaine and Derek from Newcastle, just take us back to the heady days of the mid-90s, Simon, obviously not George.
1:37.3	Well, I can not only take you back to the heady days of the mid-90s, I can take you all the way through from the mid-90s to today when a certain mug who is
1:47.2	sat in this studio is still playing the lottery and he's still playing the lottery twice a
1:52.0	week because when the lottery launched, you had to pick six numbers and I know my six
1:58.2	numbers.
1:59.1	7, 12, 16, 32, 32, 36, 42.
	...

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