The pound was firmly up after the surprise election news, wiping out earlier losses. To better understand the announcement's effect on the markets, Ed Bowsher was joined by John Barrass, deputy chief executive of the Wealth Management Association.
Georgie Frost checked in with the UK Money blogger community fresh from their Monday Twitter chat. Last night they looked at the different stages of bringing up a child, after research revealed raising a child to 21-years-of-age will cost £200,000. Laura Light joins to talk more. Her site is : savings4savvymums.co.uk
Today on the agenda, Georgie Frost and Sara Benwell, Consumer Editor at Good Housekeeping discussed one in five nurseries warned they would not partake in giving parents 30 hours of free childcare. Plus they look into grandparents passing on 400-billion pounds in wealth to younger generations. All these stories and more on The News Review.
Donald Trump's warning North Korea it has 'gotta behave'. His deputy Mike Pence is in the region for talks on what he's calling "the denuclearisation of the Korean peninsula". And Trump has called President Erdogan to congratulate his Turkish counterpart on his narrow referendum win. Sunday's result gives him extra powers and weakens the role of parliament.
Georgie Frost was joined this morning by Nigel Cassidy to speaking on the latest market headlines, starting with that major company announcement this morning from Weetabix. Plus we hear from Lloyds Banking Group also making the headlines.
The UK's retail sector enjoyed a much needed boost over the Easter weekend, with both footfall and card spending seeing a year-on-year rise. London's West End experienced a surge in shoppers over the holiday period, with a footfall increase of 6.8 per cent between Good Friday and Easter Sunday. This compares with a smaller increase in footfall across the whole country between Friday and Sunday.
Internet ad spending in the UK has passed £10bn for the first time last year. Companies are now spending more than double on mobile video ads as Brits watch clips, TV and movies on smartphones. Internet giant Google has benefited from the surge in internet advertising – but now faces a row over ads appearing next to extremist videos on YouTube.
New Crossrail 1, or Elizabeth line, trains are set to start running between Liverpool Street and Shenfield next month. But what about Crossrail 2? Council leaders from London and the South East have urged the government to green light public funding for the £30bn project.
There have been modest losses for some markets in Asia. Analysts say that political tensions over North Korea are causing some caution among investors. But Japanese shares were up, sending the Nikkei 225 index to its highest level in three weeks. A slump in the yen created buying opportunities in shares of exporting companies, including car makers Nissan and Honda.
Trump sends US dollar down after saying 'it's getting too strong'
Steve ClarkeOriginal Broadcast:
Share Radio Afternoon
Trump's latest remarks about the US dollar strength has triggered a currency drop, and in an interview he also said his administration will not label China as a 'currency manipulator', contradicting a promise made during his campaign. To discuss this and today's other major economic stories, Share Radio's Steve Clarke was joined by Adrian Lowcock, Investment director at Architas.
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