This is Money Podcast

Energy firms rapped for bad customer service... while still making mega profits


Listen Later

Energy firms have had their feet held to the fire this week.

The industry as a whole has been blasted by the regulator Ofgem over poor customer service, while our investigation revealed that 200 customers don't think Ovo has been billing them properly.

Meanwhile, British Gas has been in the spotlight for its bumper profits, which jumped by a whopping 889 per cent for the first half of this year. 

These firms are certainly making plenty of money - so should they be spending more of it to help their customers?

Lee Boyce, Helen Crane and Georgie Frost ask why things are going so wrong, and what people can do if they don't think they are being billed correctly. 

We also look at what's going on with bank accounts. Crisis-hit Natwest is winning the switching battle thanks to its tasty cash incentives, and it’s not just Farage being 'de-banked'.

We hear the story of one vulnerable couple who were left unable to pay bills and buy food after HSBC closed their account.

Inheritance tax has also been in the news, as there are noises it might be scrapped - but the Treasury are raking in even more money from it. Will it go?

Finally, we explain what blended families need to know about making a will - after one woman was forced to bid for her late mother's belongings at auction when her stepfather amended their mirror wills after she had died.  

...more
View all episodesView all episodes
Download on the App Store

This is Money PodcastBy This is Money

  • 3.8
  • 3.8
  • 3.8
  • 3.8
  • 3.8

3.8

9 ratings


More shows like This is Money Podcast

View all
Wake Up To Money by BBC Radio 5 Live

Wake Up To Money

56 Listeners

Money Box by BBC Radio 4

Money Box

49 Listeners

Money Clinic with Claer Barrett by Financial Times

Money Clinic with Claer Barrett

59 Listeners

The Martin Lewis Podcast by BBC Radio 5 Live

The Martin Lewis Podcast

75 Listeners

The Meaningful Money Personal Finance Podcast by Pete Matthew

The Meaningful Money Personal Finance Podcast

91 Listeners

The Property Podcast by Rob Bence and Rob Dix from The Property Hub

The Property Podcast

73 Listeners

The Money To The Masses Podcast by Damien Fahy

The Money To The Masses Podcast

16 Listeners

Cash Chats UK Money & Personal Finance podcast by Andy Webb

Cash Chats UK Money & Personal Finance podcast

5 Listeners

AJ Bell Money & Markets by AJ Bell

AJ Bell Money & Markets

15 Listeners

Which? by Which?

Which?

13 Listeners

On The Money by interactive investor

On The Money

5 Listeners

Switch Your Money On by Hargreaves Lansdown

Switch Your Money On

2 Listeners

Many Happy Returns by PensionCraft

Many Happy Returns

39 Listeners

Merryn Talks Money by Bloomberg

Merryn Talks Money

48 Listeners

Making Money by Most

Making Money

8 Listeners