• Home
  • Episodes
  • About
    • Awards
  • Contact

Make the most of your money

martin@icfp.co.uk
Informed Choice RadioInformed Choice Radio
  • Home
  • Episodes
  • About
    • Awards
  • Contact
ICR 102_ They’ve only gone & cut interest rates!

ICR 102: They’ve only gone & cut interest rates!

05/08/2016 Posted by Martin Bamford Podcast No Comments

 

In this episode of Informed Choice Radio, Martin talks about the Bank of England cutting interest rates and what it means for your personal finances.

There is also a roundup of the latest personal finance news and an update from the world of Informed Choice.

Subscribe in iTunes | Click to listen now | Right click to download episode

They’ve only gone & cut interest rates!

UK interest rates have been cut from 0.5% to 0.25%. This is a new record low for interest rates in the UK and the first rate cut since 2009.

Announcing the rate cut, which was a unanimous decision, the Monetary Policy Committee at the Bank of England also signalled that interest rates could go lower still if the British economy worsens.

The Bank announced extra measures to stimulate UK economic growth. This included a £100bn scheme forcing banks to pass on the low interest rate to households and businesses. There will also be an extension to the Bank’s programme of quantitative easing, buying £60bn of UK government bonds and £10bn of corporate bonds.

What does this interest rate cut and extra QE mean for your mortgage payments, cash savings, retirement planning or investment portfolio?

In this episode, Martin shares the views of a range of personal finance experts to help you figure it out.

Right click here and save as to download this episode to your computer

Personal finance news update

-Home ownership is falling in England, with the sharpest falls recorded in large cities.

-One of the fund managers who penalised investors withdrawing money from their commercial property fund following the referendum result has eased restrictions for investors.

-A deadline for making claims for payment protection insurance mis-selling could be introduced.

-The state pension ‘triple lock’ could have a limited shelf life, with two former pensions ministers disagreeing about its future.

-The world’s first ever “masala” or rupee-denominated bond issued outside of India by an Indian company was listed on the London Stock Exchange earlier this week.

Useful links mentioned in this episode

–Black Box Thinking by Matthew Syed

–Jigsaw Run 10k

–River Dart 10k

Get answers to your personal finance questions

Do you have a personal finance or investing question for Martin?

Email martin@icfp.co.uk or ask on Twitter @martinbamford.

You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.speakpipe.com/InformedChoicePodcast to leave an online voicemail.

Help us spread the word!

Thank you for listening to this episode of Informed Choice Radio. Please use the comments section below to share any feedback you have.

If you enjoyed this episode, please share it by using the social media buttons on this page.

If you enjoy the show, please subscribe in iTunes and write us a review! Reviews really help us stand out from the crowd and reach more listeners.

Subscribe in iTunes | Click to listen now | Right click to download episode

No Comments
Share
0

About Martin Bamford

Your host for Informed Choice Radio is Martin Bamford, an award-winning Chartered Financial Planner and Fellow of the Personal Finance Society. Martin is Director of Client Education at Informed Choice and the author of several personal finance books including The Money Tree, Brilliant Investing and How to Retire 10 Years Early.

You also might be interested in

Calling the top of the Bitcoin boom, with Glen Goodman

Calling the top of the Bitcoin boom, with Glen Goodman

Jun 3, 2019

My guest on the podcast today is Glen Goodman. His[...]

Living a richer life by design, with Jonathan Krueger

Living a richer life by design, with Jonathan Krueger

Aug 17, 2020

How can you become a better steward of your money?[...]

Better financial services communication, with Joe Craig

Better financial services communication, with Joe Craig

Aug 12, 2019

The world of retail financial services is notorious for its[...]

Leave a Reply

Your email is safe with us.
Cancel Reply

Latest episodes

  • Investing lockdown savings (Talking Money #16 from Informed Choice Radio)
  • Gain Big & Give Back, with Patrick Rush
  • One Year Later (Talking Money #15 from Informed Choice Radio)
  • How to Bring Clarity, Contentment and Certainty to Your Financial Life
  • White chocolate out, loungewear in (Talking Money #14 from Informed Choice Radio)

Subscribe to Informed Choice Radio

 

Like us on Facebook

Get social with us!

About us

Welcome to Informed Choice Radio, the personal finance podcast all about achieving your financial goals and living a better life.

Find us here

  • Martin Bamford
  • Informed Choice Ltd
  • Sundial House, 20 High Street
  • 01483 274566
  • martin@icfp.co.uk
  • www.icfp.co.uk
  • martinbamford

Fresh from our podcast

  • Investing lockdown savings (Talking Money #16 from Informed Choice Radio)
  • Gain Big & Give Back, with Patrick Rush
  • One Year Later (Talking Money #15 from Informed Choice Radio)
  • How to Bring Clarity, Contentment and Certainty to Your Financial Life
  • White chocolate out, loungewear in (Talking Money #14 from Informed Choice Radio)

© 2021 · Informed Choice Ltd. Site by Bamford Media

  • Home
  • Contact
Prev Next
This site uses cookies: Find out more.