Britain's £135 Billion Premium Bonds Delusion | Jordan Walker #229

<p>14.3 million people in the UK hold premium bonds and have never won a single prize. Not £25. Not once.</p><p><br></p><p>That stat sent Jordan down a rabbit hole this week, and what he found underneath it is worse. 23 million people hold £135 billion in premium bonds, making it the UK&#39;s most popular savings product — while the average prize winner is sitting on around £23,400 and 94% of £1 million jackpot winners held over £10,000 in bonds. Then there&#39;s the bigger problem: £610 billion of long-term UK cash with no job to do at all.</p><p><br></p><p>Premium Bonds Article: https://bitcoincollective.co/blog/premium-bonds-why-winning-feels-like-losing</p><p><br></p><p>In this solo episode:</p><p> • Where premium bonds came from in 1956, and why ERNIE has a Bletchley Park connection</p><p> • The Freedom of Information request that revealed who never wins</p><p> • Why even winning can still be losing once you account for purchasing power</p><p> • How premium bonds became the cheapest borrowing the state has</p><p> • The £610 billion sitting idle, and why the UK has the lowest investing rate in the G7</p><p><br></p><p>Chapters:</p><p>00:00 Why premium bonds sent me down a rabbit hole</p><p>00:55 1956: ERNIE, Colossus and a &quot;squalid raffle&quot;</p><p>02:00 The UK&#39;s most popular savings product</p><p>02:55 Two thirds have never won a prize</p><p>03:40 Why the wins go to the already wealthy</p><p>04:35 Even winning is losing</p><p>06:15 The cheapest borrowing the state has</p><p>07:30 £610 billion with no job to do</p><p>09:15 Rates rose and Britain saved harder</p><p>11:15 8% vs 33% — and why I talk about Bitcoin</p><p><br></p><p>🇬🇧 Join the UK Bitcoin Business Network here: https://www.joinbbn.com/</p><p><br></p><p>CONTACT JORDAN:</p><p>X: https://x.com/JayW132</p><p>LinkedIn: https://www.linkedin.com/in/jordan-walker-293955106/</p><p>Email: hello@bitcoincollective.co</p><p><br></p><p><br></p><p>📬READ OUR NEWSLETTER: https://newsletter.bitcoincollective.co/</p><p><br></p><p>LISTEN / SUBSCRIBE:</p><p>Spotify: https://open.spotify.com/show/06sBiOznJDxuhafDmkE9VK?si=3f0a8bb8abd64eec</p><p>Apple: https://podcasts.apple.com/gb/podcast/the-bitcoin-collective/id1561573613</p><p>Fountain: https://fountain.fm/show/AYHiNhTTv0HOgGEjRjWN</p><p>YouTube: https://www.youtube.com/@bitcoincollective?sub_confirmation=1</p><p><br></p><p>All content provided by The Bitcoin Collective and guests in this episode is for informational and educational purposes only and is not financial, trading, or investment advice.</p><p><br></p><p>⸻</p><p>EDITED BY JAMES PEARCE</p><p>www.selectedfrequencies.com</p><p><br></p><p>Available now on YouTube and all major podcast platforms. This episode is for educational purposes only and does not constitute financial advice. Always do your own research.</p>