Money Box
Summary
A new survey shows that about one-third of people in the UK think they lost money last year because they are not good at math. The government has asked a House of Lords committee to investigate this problem. The price of petrol is the highest in almost four years, and experts explain why and how to reduce costs. The programme also marks 50 years since the first index fund was created and discusses unclaimed government-backed Child Trust Funds.Key Facts
- Nearly one in three UK people believe poor math skills cost them money in 2025.
- The estimated total cost of innumeracy (lack of math skills) to the UK economy is £25 billion a year.
- The government has tasked a House of Lords committee, chaired by Lord Agnew, to look into this issue.
- Petrol prices in the UK have reached 160p per litre for the first time since autumn 2022.
- The 50th anniversary of the first index fund, started by John Bogle of The Vanguard Group, was noted.
- Over £1.5 billion in Child Trust Funds remains unclaimed and will be reviewed by the Financial Conduct Authority.
- The programme is presented by Paul Lewis and first aired on 5th September 2026.
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