Will 2023 be a better year for our finances... or worse?

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 6 January 2023

⏱️ 44 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

The New Year has arrived and with it promises of inflation falling and a ray of hope on energy bills.

But even if Rishi Sunak halves inflation, as he claims he will, it would still be running at 5 per cent and his promise to get Britain back to growth may prove harder than the simple maths that sees inflation slow.

Meanwhile, a slowdown in the rise of the cost of living doesn't mean things will get cheaper and the better energy price forecasts will still see costs at more than double what they were a year ago.

So, will 2023 prove better or tougher for our finances? Georgie Frost, Helen Crane and Simon Lambert delve into the prospects for the year ahead on this podcast.

Plus, what is on the cards for the property market, for pensions and savers and why is Divorce Day tipped to be even bigger this year?

And finally, the year is going to better financially for at least one person: the lucky January £1million Premium Bond winner who bagged the jackpot with less than £5,000 saved. Is it time we all stuck more in Premium Bonds, as the prize find is boosted?

Transcript

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0:00.0	Welcome to This Is Money Podcast. I'm Georgie Frost and joining me and editor Simon Lambert today is Deputy Editor Helen Crane.
0:08.7	And coming up, the great This Is Money debate. Are we in line for another financial anusoreblis in 2023 or are things on the up?
0:17.5	And this will in fact be an annes mirablus. Simon and Helen fight their corners.
0:22.9	I'm not sure what the Latin is for not so good, not so bad, pretty average. Anus tolerablus,
0:27.8	maybe. Anyway, also today, a burst of properties listed for sale on Boxing Day, but is this
0:32.7	a last tariff before the market goes quiet? Until that is, all those couples who are going to split on
0:38.4	Monday, aka Divorce Day, put their homes up for sale. But is the cost of living, forcing miserable
0:44.1	couples to stick together? Plus pensions in 2023, what savers and retirees need to know, and
0:50.7	NS&I is up to its price rate. It is now a good time to get some premium bonds.
0:55.2	Don't be engaged up to date with all the latest breaking money news.
0:57.4	Just go to this ismoney.co.org or download the app.
1:00.9	Market updates and conversations around the financial world don't have to be boring.
1:05.2	The Digest and Invest podcast by Eatoro is a great way to tune into what's happening in a fun and easily digestible format.
1:12.2	Discover the Digest and Invest Podcast at E-Toro.com forward slash academy forward slash podcasts.
1:17.6	But first, a happy new year.
1:20.5	Loyal listeners, a happy new year, Simon and Helen, and a happy new year to Simon.
1:26.4	Not this Simon, another Simon. Loyal listener to This Is Money and pilot of the Christmas Day flight from Gatwick to Cyprus.
1:34.9	I just have to give a special honorary mention here, as I was.
1:38.1	I was on this flight, by the way.
1:40.0	Front seat, apparently that's first class.
1:42.0	So Simon told me, Simon the pilot, came out and said,
1:46.6	I'm a big fan of your podcast. Wow. You have no idea how the people in the seats around me looked
	...

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