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Business Daily Podcast Transcripts

BBC World Service · 1,987 episodes with transcripts

The daily drama of money and work from the BBC.

Spoken has transcripts of 1,987 Business Daily episodes, with the speakers named. The newest listed here is from October 19, 2026.

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Latest Business Daily transcripts

Follow the Money: The cost of sending money home

October 19, 2026

Sam Fenwick (0:02)

It's Monday lunchtime in a house in London, and Reza, the housekeeper, has just finished her morning's work. She's spending her break doing what she does two or three times every month, sending money home to the Philippines. Today it's 410 pounds, about 540 dollars, and by the time it reaches her family, some of…

Millions of people around the world do the same. So once the money leaves Reza's phone, who takes a cut on the way, who gains from it, and who ends up paying? Hello, I'm Sam Fenwick, and this is Business Daily on the BBC World Service. Today we're following the money home.

Gideon Long (1:02)

It's a huge amount. The World Bank estimates that migrants sent $905 billion across borders in 2024

And three quarters of that, $685 billion, went to low and middle income countries. That's more than those countries received in foreign direct investment and overseas aid put together. The Philippines is the fourth biggest recipient in the world of these transfers, which are known as remittances. And last year…

Sam Fenwick (1:33)

And a lot of that money starts with women like Riza.

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