Interest Rate Cut, Boots Data, Children’s Finances

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The Bank of England has cut its base rate to 5% for the first time in 4 years. With consumer confidence rising, will this impact spending? Plus: as mortgage lenders offer an increasing amount of fixed deals around 4%, what will this mean for the housing market? According to Solar Together, Solar panel installations have decreased by 25% in the first half of 2024 compared with the same period last year. We discuss whether this will change and what the new government’s plans are for solar power. Boots is planning to use data collected from users of its Advantage Card to help researchers identify suitable participants for clinical trials. Natwest Rooster Money has released its latest data on children’s finances. We find out the going rate for chores and how much the tooth fairy gives, as well as looking at how children learn about their finances in the digital age. PRESENTER: WINIFRED ROBINSON PRODUCER: CHARLIE FILMER-COURT