The Bank of England has raised its forecast for economic growth this year, the bank now expects growth of 2% this year up from the previous 1.4% forecast. The base rate has been left unchanged at 0.25% and the quantitative easing programme will continue this year as planned. Share Radio's Ed Bowsher spoke to Philip Booth, Professor of Finance, Public Policy and Ethics at St Mary's University to get some analysis on this. Philip is also a former adviser to the Bank of England on financial stability issues.
Georgie Frost was joined by Kevin White, Head of UK Financial at De Vere. Today on the agenda, they discussed how nearly a third of us haven't put any money aside for a "rainy day". Plus they look into why more than half of workers over the age of 50 have switched careers at least three times. All these stories and more on The News Review.
Now it's time to review some of the biggest political stories. Georgie Frost joined by Josh Lowe, Reporter at Newsweek. Let’s start with the vote in the House of Commons last night. MPs voted in favour of a bill giving consent to government to leave the EU.
Joining us to discuss what the main market headlines of the morning are is Share Radio's very own Juliette Foster. Vodafone has released a quarter trading update. And Royal Dutch Shell has released results this morning so what does it suggest about the commodities sector? Plus Reckitt Benckiser, the consumer goods giant behind Dettol and Nurofen, has announced they are in advanced takeover negotiations.
A leaked report seen by the Guardian says The European commission’s Brexit negotiators must strike a workable deal to protect the City of London. The financial centre is seen as critical to the economic health of other countries in the EU. It comes as the governor of the bank of England Mark Carney claimed there were greater short-term risks to the continent than there were to the UK. Share radio's James Brydges spoke to Nicolas Veron, Senior Research Fellow at Bruegel.
Will solid data be enough for the Bank of England to raise interest rates later? The Bank is expected to keep rates at 0.25 percent, as the economy defied the uncertainty that followed the Brexit vote. BOE Governor Mark Carney will announce his decision at mid-day. Share Radio's James Brydges spoke to Vicky Pryce, from the Centre for Economics and Business Research, who explained why she believes that rates will be left where they are.
Investors are already feeling Brexit's impact but this hasn't dampened growth prospects. Consultancy EY found more than half of global investors want to grow their presence in Europe despite uncertainty. Andy Baldwin, EY area managing partner for Europe, Middle East, India and Africa, explained more with Share Radio's Peta Fuller.
What do you do if you love a sport, want to play with your young daughter but don't have a tennis court size back garden? Naturally you start up your own version of the game. That's exactly what Rashid Ahmad did. In the last 15 years touchtennis has become one of the fastest growing pro raquet sports - with players around the world, and coverage on major outlets such as Sky Sports. So ahead of the sports first touchtennis masters event of the year in Portsmouth this weekend, Rashid joined Georgie in the studio to discuss more.
Despite positive figures, why are profits not going up at Apple? Plus management shuffles at the top for TalkTalk, Wizz Air profits double but share price still falls, and gold miner Centamin gets generous with dividends. For analysis on this and more, Financial Orbit's Chris Bailey joined Share Radio’s senior analyst Ed Bowsher.
TalkTalk chief executive Dido Harding to depart, UK house prices inch upwards according to Nationwide and good days for both the FTSE and pound - what's driving that? For these and more Chris Justham, relationship manager at Seven Investment Management, joined Share Radio's Ed Bowsher to discuss the day's need-to-know economic stories.
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