Episode Details

In the way that worried nuclear bunker owners are probably stock-piling food as the reality of a President Trump dawns on them, so the Bank of England is preparing for the financial equivalent.

The bank that has its finger on the financial pulse of the nation is worried.

Worried enough to create a ‘what if…’ model that incorporates total financial meltdown, a collapse in the value of housing and the end of banking as we know it.

It maybe the stuff of nightmares but it’s also what This is Money editor Simon Lambert, personal finance editor Rachel Rickard Straus and Share Radio presenter George Frost tackle on in this week’s light entertainment look at the week’s money events.

How will we cope if oil becomes so cheap there’s no point extracting it, if savings rates are so low they’re negative or if a lack of growth turns to depression?

Are we really on the brink of another financial crisis?

In other news…

There’s tough new checks on buy-to-let – the clampdown continues (the Bank of England is worried about that too)

Buy-to-let has caused a big fall in house prices – but only in Bolton

People who trusted a unauthorised online bank that issued fake cheques may lose their homes

You’ll learn how to use your body to make money (no, not like that)

And…

What’s the weirdest job you’ve ever had?

Bog standard like Georgie or bog standards like Rachel?

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