This article is from the source 'bbc' and was first published or seen on . It will not be checked again for changes.
You can find the current article at its original source at http://news.bbc.co.uk/go/rss/-/1/hi/programmes/moneybox/7928614.stm
The article has changed 12 times. There is an RSS feed of changes available.
| Version 6 | Version 7 |
|---|---|
| Treasury takes 65% Lloyds stake | Treasury takes 65% Lloyds stake |
| (10 minutes later) | |
| BBC Radio 4's Money BoxSaturday, 7 March 2009at 1204 GMTOn Radio 4 and Online 7 March 2009 | BBC Radio 4's Money BoxSaturday, 7 March 2009at 1204 GMTOn Radio 4 and Online 7 March 2009 |
| The government has announced it is taking a majority stake in Lloyds Banking Group, committing to lending an extra £28bn. | The government has announced it is taking a majority stake in Lloyds Banking Group, committing to lending an extra £28bn. |
| In effect this means taxpayers now own half the country's major banks. | In effect this means taxpayers now own half the country's major banks. |
| LloydsTSB, Halifax, Bank of Scotland, Royal Bank of Scotland, Natwest and Northern Rock are all now owned by the state. | LloydsTSB, Halifax, Bank of Scotland, Royal Bank of Scotland, Natwest and Northern Rock are all now owned by the state. |
| We discuss the implications for you with Alistair Milne, lecturer in banking and finance at the Cass Business School and Stephen Timms, Labour MP of East Ham. | We discuss the implications for you with Alistair Milne, lecturer in banking and finance at the Cass Business School and Stephen Timms, Labour MP of East Ham. |
| Treasury takes 65% Lloyds stake | Treasury takes 65% Lloyds stake |
| Related stories / further information: | Related stories / further information: |
| Treasury takes 65% Lloyds stakeExternal internet links | Treasury takes 65% Lloyds stakeExternal internet links |
| Bank begins quantitative easing | Bank begins quantitative easing |
| Will printing money stimulate the economy? The Bank of England's Monetary Policy Committee did what everyone expected on 5 March and dropped interest rates by another half point. | Will printing money stimulate the economy? The Bank of England's Monetary Policy Committee did what everyone expected on 5 March and dropped interest rates by another half point. |
| Official rates are now a mere 0.5% - the lowest in the Bank's 315 year history. | Official rates are now a mere 0.5% - the lowest in the Bank's 315 year history. |
| But it did something else too - it released £75bn of cash for quantitative easing. | But it did something else too - it released £75bn of cash for quantitative easing. |
| So what exactly is quantitative easing and will it have the desired effect? | So what exactly is quantitative easing and will it have the desired effect? |
| We ask Stephen Gifford, chief economist at accountants Grant Thornton. | We ask Stephen Gifford, chief economist at accountants Grant Thornton. |
| Bank begins quantitative easing | Bank begins quantitative easing |
| Further information/related stories: | Further information/related stories: |
| UK interest rates lowered to 0.5%Q&A: Quantitative easingBank steps into unknown territoryExternal internet links | UK interest rates lowered to 0.5%Q&A: Quantitative easingBank steps into unknown territoryExternal internet links |
| Savings and bonds We examine the implications for your savings | Savings and bonds We examine the implications for your savings |
| What does the interest rate cut mean for savers? | What does the interest rate cut mean for savers? |
| According to official figures, a staggering £2.3bn was withdrawn from bank deposit accounts in January; £390m was withdrawn from building society accounts. | According to official figures, a staggering £2.3bn was withdrawn from bank deposit accounts in January; £390m was withdrawn from building society accounts. |
| One of the things people have been doing is switching into corporate bonds - with £1bn being ploughed into them in January. | One of the things people have been doing is switching into corporate bonds - with £1bn being ploughed into them in January. |
| A corporate bond is effectively an IOU issued by companies on which they pay interest and when they mature, return the capital. | A corporate bond is effectively an IOU issued by companies on which they pay interest and when they mature, return the capital. |
| But crucially if the company goes bust an investor can lose everything. | But crucially if the company goes bust an investor can lose everything. |
| Kevin Mountford of moneysupermaket.com joins us to discuss what is on offer and we speak to Brian Dennehy from IFA Dennehy Weller and Co. | Kevin Mountford of moneysupermaket.com joins us to discuss what is on offer and we speak to Brian Dennehy from IFA Dennehy Weller and Co. |
| href="http://www.bbc.co.uk/mediaselector/check/player/nol/newsid_7930000/newsid_7930300?redirect=7930370.stm&news=1&nbram=1&bbwm=1&bbram=1&nbwm=1" onClick="javascript:newsi.utils.av.launch({el:this});return false;">Savings and bonds | |
| Further information/related stories: | |
| What now for borrowers and savers?Anger at rate cut blow to saversMoney Box Live: ISAs & tax free savingsExternal internet links | |
| Airline compensation The leisure group collapsed leaving customers out of pocket | Airline compensation The leisure group collapsed leaving customers out of pocket |
| Thousands of people are still waiting for compensation following the collapse of leisure group XL last September. | Thousands of people are still waiting for compensation following the collapse of leisure group XL last September. |
| Most customers who booked through an ATOL travel agent believed getting their cash back would be straightforward. | Most customers who booked through an ATOL travel agent believed getting their cash back would be straightforward. |
| But anyone who paid on a credit card - even if it was just the deposit - has been told an appeal to their bank is the only way they may get recompense. | But anyone who paid on a credit card - even if it was just the deposit - has been told an appeal to their bank is the only way they may get recompense. |
| Bob Howard reports. | Bob Howard reports. |
| Airline compensation | |
| Have Your Say: Airline compensation | Have Your Say: Airline compensation |
| Further information/related stories: September 2008: Thousands stranded by XL collapseExternal internet links | Further information/related stories: September 2008: Thousands stranded by XL collapseExternal internet links |
| Customers face a fee from 6 MayOverseas card use | Customers face a fee from 6 MayOverseas card use |
| Customers of Nationwide will soon be charged a fee for using their cards outside of Europe. | Customers of Nationwide will soon be charged a fee for using their cards outside of Europe. |
| Until now Nationwide has absorbed the fee levied by Visa - but that is all about to change. | Until now Nationwide has absorbed the fee levied by Visa - but that is all about to change. |
| We speak to Martyn Hocking, Editor of Which? about the development. | We speak to Martyn Hocking, Editor of Which? about the development. |
| Further information/related stories: Charges for using cards overseasExternal internet links | Further information/related stories: Charges for using cards overseasExternal internet links |
| BBC Radio 4's Money Box was broadcast on Saturday, 7 March 2009 at 1204 GMT. | BBC Radio 4's Money Box was broadcast on Saturday, 7 March 2009 at 1204 GMT. |
| The programme will be repeated on Sunday 8 March 2009 at 2102 GMT. | The programme will be repeated on Sunday 8 March 2009 at 2102 GMT. |