Personal Finance

The Week Unwrapped: Mortgage penalties, waste and femcels

Olly Mann and The Week delve behind the headlines and debate what really matters.

You can subscribe to The Week Unwrapped wherever you get your podcasts:

  • Spotify 
  • Apple Podcasts
  • Global Player 

In this week’s episode, we discuss:

Green mortgages

The government has said it may link the cost of a mortgage to a property’s energy efficiency, making it cheaper to buy and own a greener home (and more expensive to buy and own one that uses more energy). Opponents of the move have attacked it on several fronts: they say it will make it even harder for first-time buyers to get onto the property ladder, they ask how accurate the energy assessments will be and they question whether the policy would create enough of a financial incentive to make the necessary improvements.

Corporate waste 

Whole Foods is under fire this week for throwing away unsold stock, a week after the fashion brand Coach was criticised for a similar practice. Both cases came to light because of a campaign by prominent TikTok users, who are now able to exert significant social pressure. Will other companies now be forced to sort out their waste problem?

Femcels

Incels – men who consider themselves to be “involuntarily celibate” – have gained notoriety through a series of violent attacks, and a broader culture of misogyny. Now some women are beginning to identify as “femcels”, their female equivalents – although their worldview appears to be less aggressive and more introspective. Is this a useful label for a growing trend towards extended periods of single living – or simply a new word for a longstanding sense of loneliness?

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