Episode October 14, 2016 50 min 23s

Love it or hate it - the pound is not as strong as we're used to

From This is Money Podcast This is Money

The country appeared to take leave of its senses this week.

As the pound continues to take a steady route south through the Channel tunnel down to the capital of Armageddon, the effects are being felt by businesses across Britain. And bit-by-bit consumers are starting to notice. They’re not happy.

News of the famous savoury black paste, Marmite, being taken off the shelves at Tesco spread across the internet like a yeast infection.

People became hysterical - and not in a funny way.

You don’t mess with people’s brands as Unilever found out when it stopped supplying the supermarket many of its famous-name products because of the rising cost of foreign-sourced ingredients.

Join Simon Lambert, Georgie Frost and Lee ‘Bovril’ Boyce for an entertaining look at what it all means for the pound in your pocket.

Also in the podcast:

Former Bank of England governor Mervyn King believes the weak pound is a good thing for Britain.

Don’t wait until to get to the airport to change your money – you’ll be in for a nasty shock

There are transfer services for larger amounts of foreign currency – particularly useful if you want to BUY pounds

Are banks are a spent force? Lloyds seems to think so as it slashes rates on it accounts and slashes staff from its head count.

Rant of the week: the best savings account now pays a pointless 1% interest and that is affecting the whole economy.

How to spot a fund manager who talks sense and invests sensibly. There must be one or two.

It’s not just the exchange rate that's back in the 1970s, brown cars are popular again.

House prices might also get a mentions.

Enjoy.

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