An explosion of online and social media fraud led to a series of warnings from banks over the past year, as they see more of their customers scammed.
Now, Britain’s biggest bank Lloyds has revealed where it expects most people to be ripped off in 2024.
On this episode of Lunch Money, Simon Lambert and Lee Boyce, of This is Money, reveal that list and discuss why FOMO and too-good-to-be-true bargain hunting can lead to people losing hundreds or thousands of pounds.
And Lee explains how to stay safe if you are tempted to buy those Taylor Swift or Euros tickets or track down a cheap designer handbag.
In other news, watchdog Ofcom has declared that it will crack down on mobile and broadband firms’ inflation-busting mid-contract price hikes. Will this work?
And finally, it’s the time of year when investors hope for a Santa Rally to boost their returns.
Will the festive period deliver this year, after a bumper November? Richard Hunter, of interactive investor, talks us through the December stock market.
