Money Box - Energy Bill Support and AI in Banking
Download Energy Bill Support and AI in Banking
New data shows more than 700,000 households across Great Britain have missed out on £300 million worth of support with their energy bills. The government said in February 900,000 households were eligible to apply for a one-off £400 payment because they did not have an energy supplier that would apply it automatically. The government said it had spent more than £50m 'supporting households without a domestic energy supplier', but this data suggests just over £300 million of the possible £360 million in Great Britain had not been claimed before the deadline.
The big high street banks have been told to be more open with their customers about savings rates - what will that mean in practice?
And could Artificial Intelligence transform how banks decide whether to lend us money?
Presenter: Paul Lewis
Reporters: Dan Whitworth and Sarah Rogers
Researcher: Sandra Hardial
Editor: Jess Quayle
(First broadcast 12pm Saturday 8th July, 2023)
Published on Saturday, 5th August 2023.
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