Apr 29, 2017
The snap election called by Theresa May last week is already upsetting some policies. In this episode, I'm taking a look at what the snap election means for your personal finances.
There’s also a roundup of the latest personal finance news – everything you need to know about what’s going on in the world of money in five news items.
I share my favourite money article this week, a random fact about money and an inspirational quote.
There’s also the aftershow, where I talk about what’s been going on at Informed Choice this week.
Personal finance news update
-8 out of 10 people who retire wish they’d kept working longer.
-House prices fell again in April, for a second month in a row.
-The majority of consumers underestimate the percentage of protection claims paid by insurers.
-More than half of parents of young drivers have ‘fronted’, or would consider ‘fronting’, a car insurance policy for their children in order to get them lower car insurance premiums.
-There is less than a week left to spend your old five pound notes, before they cease to become legal tender.
Money article of the week
-Women need to take back control of the financial agenda, by Iona Bain
Random fact of the week
5% of the people who buy lottery tickets account for 51% of all tickets sold. Add to that sad fact that a person who drives 10 miles to buy their lottery ticket is 3 times more likely to be killed in a car accident while driving to buy the ticket than they are to win the jackpot. Not the best odds!
Our money quote this week comes from Benjamin Franklin, who said:
"Beware of small expenses; a small leak will sink a great ship."
Get answers to your personal finance questions
Do you have a personal finance or investing question for Martin?
Email firstname.lastname@example.org or ask on Twitter @martinbamford.
You can call our dedicated podcast voicemail line on 020 8144 2745 with your question or visit www.icradio.co.uk/voicemail to leave an online voice message.