Could interest rates really rise this year and do we need to worry about car loans?

What do you mean you’ve never seen The Big Short? It was nominated for five Oscars, won one and features Brad Pitt, Christian Bale and the part-time stripper with five houses and a condo. Watch it. Now! It’s all true. It’s about the financial crisis and it might all be about to kick off again. The Bank of England this week issued its Financial Stability Report and it’s terrifying. We’re in debt again folks. Last time it was houses and condominiums, this time it’s cars and credit cards, house prices and wages. People are buying cars on credit like they take out mobile phone contracts. Car companies have turned into money lenders, egged on by the banks. Yep the bank again. Did they learn nothing? Meanwhile, the Bank of England needs to combat inflation by raising interest rates. How on earth can they do that in this climate? Simon Lambert, Georgie Frost and Lee Boyce do their bejesus to explain. Also on the show, there’s some brilliant stuff on… Cash forever! Can ATMs survive? And what’s your favourite ATM fact? The one that makes Batman appear, maybe? Will the sneaky fund management industry finally reveal what charges they’re really skimming off? The future of final salary pensions and the triple lock. And the Queen’s beard. Enjoy.

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