Share
The Standard
How ‘at risk’ is my money?
Season 1
•
As commuters headed for morning trains, the Bank of England made a bombshell announcement - it’s stepping in again to try and restore market conditions following the chaos after the Chancellor Kwasi Kwarteng’s mini-Budget.
The Bank announced at 7am it would expand buying emergency gilts, amid “material risk” warnings to the UK economy’s stability caused by “dysfunction” from the mini-Budget fallout.
Bank chiefs say the institution would buy up to £5 billion of index-linked debt, known as ‘linkers’, alongside its previously announced purchase of up to £65 billion worth of conventional long-dated government bonds.
It comes after the Bank’s first emergency intervention when the mini-Budget sparked a tumble in the pound - leading to fears some pension funds could collapse.
All this follows wage figures showing a gulf between earnings and inflation, and shoppers face paying £643 more a year for food.
So, what’s on Bank of England governor Andrew Bailey’s mind, how safe are pension funds and why are we still not being told what the Office for Budget Responsibility thinks?
Deputy Prime Minister Thérèse Coffey responded to the move that she was “confident” that people’s pensions are safe.
To find out what all this means for the pound in your pocket and the winter ahead, we’re joined by Dr Grace Lordan, a labour economist at the London School of Economics.
We discuss gilts, personal finance, government stalling and hopes for Kwarteng’s forthcoming Halloween budget.
More episodes
View all episodes
Impact of inflation rise & cold weather on 2025 energy bills
14:05||Season 1UK inflation has risen to its highest level since April driven by an increase in household energy bills, according to official figures.The Office for National Statistics said Consumer Prices Index inflation rose to 2.3 per cent for October, up from 1.7 per cent in the previous month.It is the sharpest month-on-month increase in the rate of inflation for two years.So, what’s behind this jump, and what does 2025 hold for energy bills and Bank of England interest rates?The Standard podcast is joined by Theo Harris, a researcher in economic and environmental policy at the New Economics Foundation think-tank.In part two, six new London Overground lines, each with a new name and colour, were being rolled out by Transport for London on Wednesday.Mayor Sadiq Khan says the £6.3 million rebrand will make it easier for passengers to find their way on the Overground and to “celebrate” London’s culture and recent history - but does it offer passengers value for money?The London Standard’s transport editor, Ross Lydall, discusses the new direction for London’s orange line, which was delayed after a cyberattack against TfL.
Farmers protest against Labour’s ‘tractor tax’ on inheritance
11:23||Season 1Thousands of British farmers marched on Westminster as tractors converged in central London to protest against Labour plans to end inheritance tax exemption.Chancellor Rachel Reeves announced last month in the budget that farmers with land worth more than £1 million will no longer be able to leave their farms to their children tax free from 2026.We’re joined from Westminster by The London Standard’s chief political correspondent Rachael Burford, who’s been covering the protest.In part two, electric Lime bikes have overtaken Boris bikes as London’s preferred method of pay-as-you-go transport on two wheels.But it comes amid complaints about bikes being ditched across pavements and riders jumping red lights - so what’s the firm’s future in the capital?The London Standard’s transport editor visits Lime’s servicing depot in White Hart Lane, Tottenham, to find out.
Storm Shadow: what’s next for UK policy after US-Ukraine missiles deal?
13:11||Season 1Cabinet minister Bridget Phillipson stressed Britain was giving “full backing” to Ukraine amid a report that it will join America in allowing Kyiv to fire West-supplied long-range missiles into Russia.Outgoing US president Joe Biden’s decision could see long-range missiles used initially in the Kursk region of Russia, where Ukrainian troops seized a swathe of territory in a surprise attack in the summer - ahead of Donald Trump taking office in January.So, where does this leave British policy now, after many months of holding off approval for its version of the American ATACMS weapons, known as Storm Shadow?We’re joined from Parliament by The London Standard’s political editor Nicholas Cecil. In part two, we speak with Erik Gauger, professor in quantum theory at Heriot-Watt university’s Institute of Photonics and quantum sciences in Edinburgh, about an innovative space energy project.Researchers are seeking to use bacteria more usually found in ponds on earth help convert sunlight into laser beams to send power across space- could the technology be used on future Mars missions?
Dr Aubrey de Grey (Brave New World preview)
12:32||Season 1Evgeny Lebedev joins Dr Aubrey de Grey, a pioneer in biomedical gerontology - the study of life extension and rejuvenation - and co-founder of the SENS Research Foundation.Known for his radical approach to ageing, Dr de Grey discusses his latest research, society’s attitude to the human lifespan and his hopes for future anti-ageing treatments.
UK cold snap: keeping your brain healthy this winter
10:35||Season 1The temperature in London next week is set to plummet into chilly single digits.But what effect is this cold weather having on our brains - and what can we do to keep our wellbeing levels topped up as the mercury drops, stave off seasonal depression and ensure our bodies enjoy a regular rest pattern in order to reboot effectively?It comes after the ‘anticyclonic gloom’ loomed over the capital, when fog and grey clouds blotted out the sun.Rachelle Abbott asked neuroscientist Dr Henry Mahncke, chief executive of ‘brain fitness’ platform BrainHQ, about winter’s impact on the brain and our mental health.You’ll also hear Dr Mahncke’s top tips for boosting mood and staying more balanced during the colder months.
A Place To Call Home: Our Winter Appeal with Comic Relief
16:42||Season 1Today marks the launch of The London Standard’s 2024 Winter Appeal, in collaboration with Comic Relief. The campaign’s aim is to help organisations in London and across the UK that support refugees and homeless people. In this episode we’re joined by our campaigns editor, David Cohen, and CEO of Comic Relief, Samir Patel.We also hear of Claude's story. One of the organisations we are backing is The Running Charity, which uses the power of running to help both refugees and those who are homeless to build mental health, confidence and fitness — and where Claude now works as programme manager and head coach. The group will be given a grant of £50,000 to assist its work of mentoring more than 120 vulnerable people aged 16 to 25 each year.To make a donation, visit comicrelief.com/winter.
Church of England abuse victims urge more resignations after Welby quits
13:38||Season 1Victims of the Church of England’s worst ever child abuser have demanded further resignations after the Archbishop of Canterbury quit in ‘shame’ over the scandal.Justin Welby had been under days of pressure after a damning review into attacks by barrister John Smyth QC - who died in South Africa 2018 - that found he may have been brought to justice had Welby formally alerted authorities in 2013.Over decades from the 1970s, Smyth, a lay church reader, subjected as many as 130 boys and young men in the UK and Africa to sadistic physical, sexual and psychological attacks, the independent Makin review found.So, why did the scandal take so long to come to light, what are the victims calling for, and what is future for the Church of England?We’re joined by Melanie McDonagh, a columnist at The London Standard, and a leader writer at the Catholic Herald.In part two, president-elect Donald Trump has handed Elon Musk the job of running a new Department of Government Efficiency, as part of his new cabinet.The London Standard’s deputy political editor Jitendra Joshi discusses the focus of Musk’s new role and whether there are potential conflicts of interest.
Team Trump 2.0: who’s in president-elect’s new inner circle?
13:33||Season 1The second incarnation of president-elect Donald Trump’s cabinet is taking shape.The London Standard’s deputy political editor Jitendra Joshi reports on Tuesday that Team Trump 2.0 ushers in potentially dismal consequences for Ukraine, illegal immigrants and the global climate.Trump has already announced a few cabinet-level appointments - so, who’s in?Joshi joins us to discuss what we know about the Republican president-elect’s appointments so far, and whether there’s anyone who could be considered a voice of American unity in Trump’s new inner circle.In part two, as The London Standard’s transport editor Ross Lydall reports that buses in central London are now nudging below 7mph - as detailed in London TravelWatch data - so, how is this impacting passenger journeys, now slower than a decade ago?We also discuss the various factors contributing congestion, including on-demand minicabs and internet deliveries, plus whether cycle lanes impact traffic flow.
Starmer-Macron Armistice Day commemorations & Paris defence summit
11:17||Season 1Sir Keir Starmer joined French president Emmanuel Macron for Armistice Day commemorations in Paris - the first time a British leader attended the remembrance event in the French capital since Winston Churchill with Charles de Gaulle in 1944.They met French and British veterans as part of commemorations for the 106th anniversary of the 1918 Armistice, with services held across the UK following Remembrance Sunday.The London Standard’s political editor Nicholas Cecil discusses the significance of Sir Keir’s Paris visit, bilateral defence talks and the current health L’Entente Cordiale.In part two, thousands of delegates are heading to Baku in Azerbaijan for the Cop29 climate summit, where politicians face pressure over delivering finance for developing countries to cope with climate change, and increasing their ambitions on emissions cuts. The Standard podcast is joined by Simon Lewis, professor of global change science at UCL, to discuss the summit goals, its controversial host, the importance of climate multilateralism and why the UK’s Cop29 involvement under Labour marks a “sea-change” from the Conservatives’ environmental outlook.