Joe Lynam

speaker

2,756 appearances 106 recordings 1 series first heard Sep 2025 last heard 23 Dec

Joe Lynam’s voice in public audio — every appearance, attributed to the second.

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recordings per month · last 12 months

Recordings per month over the last 12 months — 96 in all, peaking in Oct 2025 with 44.

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But should we be encouraging shoppers to take out money on credit, even if the rate is 0%?

Callum Levy is the Country Service Experience Lead with IKEA UK and Ireland and is on the line.

Good morning, Callum.

Morning, Joe.

Thanks for having us.

Tell us a little bit about how the 0% credit works for customers.

So it's Hum you do the deal with.

In other words, someone signs up with Hum and they get the financing by you guys.

Okay, so did you say 99 euros is the smallest amount you can put on finance?

And how does it work financially between you and Hum who provide the credit?

I mean, they're not going to do it for free.

Now, this sounds to me like it's only of use to the already fairly well-off.

You're not going to give credit to people whose credit is not great.

So the people who have the money can benefit again with the zero interest rate.

Now, what happens if the European Central Bank raises interest rates next year?

As many market commentators think they will, will the zero percent rate be maintained?

Okay, so even if interest rates go back up to 4%, you're still going to stick with the 0%?

Yes, absolutely.

How's business?

And most of your furniture is made outside Europe.

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