The Bank of England has moved interest rates to their highest level in almost a decade. If you’ve got a mortgage, it might get more expensive. If you’ve got savings, you might get a bit more interest on your money. Does this tell us anything about what the Bank of England thinks is going to happen to the economy? And was it the right decision?
Ayeisha Thomas-Smith speaks to Alfie Stirling, head of economics at the New Economics Foundation.
With power struggles within Parliament dominating the headlines, it’s all too easy to forget the bigger picture of our departure from the EU. Yet, with public consultations opening up about our first bilateral trade agreements, this debate is continuing – though perhaps not getting the attention it deserves. Today we’re joined by Shanker Singham, Director of the IEA’s International Trade and Competition Unit, and Senior Policy Analyst Dr Radomir Tylecote. They examine these consultations, what it could mean for business – and what the government should be doing to give firms more certainty and help them prepare for the future. Finally, they examine public opinion towards free trade. If recent polling is anything to go by, the public mood is decidedly anti-protectionist – just as it was in the 19th century, when free exchange triumphed over mercantilism in the battle of ideas.
Want to keep up with the latest earnings updates from the States? Well, join Chris Hill and the Motley Fool Radio Show team here on Share Radio, direct from Washington DC, for news, views and analysis of the US stocks that matter. In this week's show: Apple reaches a trillion-dollar milestone; Baidu faces a Google-sized potential competitor; Blue Apron fails to deliver; And Red Robin and TripAdvisor lose altitude.
Interest rates have finally risen above 0.5 per cent for the first time in almost a decade. The Bank of England has decided that the UK's economy is healthy enough to finally get above the financial crisis emergency level, but was the hike a wise move or a mistake. Of those in favour, some have been calling for a rate rise for a long time, others believe we must try to get back to normal before recession hits. But those opposed believe even this tiny shift up to a very low base rate level of 0.75 per cent, is a gamble too far from the Monetary Policy Committee's ratesetters.
On this week's podcast, Simon Lambert, Lee Boyce and Georgie Frost dive into the rate rise.
Why did the bank hike rates, who will it affect, why do interest rates even move up and down and how did they end up at 0.5 per cent in the first place?
Also on this week's show, Lee introduces us to the world of micro-saving, we discuss the case of the financial adviser who suddenly ask for £10,000 more and Simon tries to show he is down with the kids who are making money by selling on Depop.
Want to keep up with the latest earnings updates from the States? Well join Chris Hill and the Motley Fool Radio Show team here on Share Radio, direct from Washington DC, for news, views and analysis of the US stocks that matter. In this week's show: Facebook plummets on slowing growth; Amazon rises on record profits; Chipotle serves up big earnings; Atlassian surrenders to Slack; And Spotify tries to produce sweet music for investors.
This is Money is going on holiday… Don’t worry, loyal podcast fans they aren’t really going anywhere, but they are dedicating this week’s show for those lucky among you who are! And even if that’s not you, there’s some pretty useful stuff coming up for when you do. From your pre-travel arrangements, travel insurance and holiday money, to when you land abroad, paying the right way and what you eat! And touching down back home…whenever that may be. So seats and traytables back to the upright position, seatbelts on and notepads at the ready…
Almost everyone is in favor of advancements in green energy. But we’re still a long way off from cleaner sources being able to take over from more traditional forms of energy, like fossil fuels. If we were to make the switch now, it would inevitably mean moving from a high-energy society to a low-energy society. But what would this mean in practice?
Today we’re speaking with the IEA’s Head of Education, Dr Steve Davies. Steve paints a picture of radical changes that would have to be made in order to adapt to a low-energy society. Two major changes include a return to agriculture focus in local areas, with over 30 per cent of the population needing to return to the farms to make sure communities could be fed. Furthermore, it would almost certainly mean the return of traditional gender roles, as it was the many advancements in energy in particular, that enabled women to liberate themselves out of the home and into the workforce. And while many people who advocate for a low-energy society seem to think that the things they like will continue, while the things they loathe will be scrapped, Steve argues that many conveniences, and indeed miracles, of modern society – like international plane travel and use of the internet – would be wiped out almost completely, with only the world’s elite having access to such luxuries.
How would you feel about compulsory three year tenancies? Would they provide essential security of tenure for families or pose too big a risk for landlords? The government has appointed the third housing minister this year. What will Kit Malthouse bring to the table and how confident are you that housing really is a priority for ministers? Will the Bank of England end nearly a decade of ultra low interest rates and increase them this August? And we discuss a new initiative to help student landlords support tenants with mental health issues. Richard Blanco is joined by Chris Norris, Director of Policy & Practice at The National Landlords Association and and Carol Lewis, Deputy Editor of Property and Personal Finance at The Times.
Some projections suggest a third of UK jobs are at high risk of computerisation. The impact of technical progress has been debated since Karl Marx predicted advancement of the means of production to the point where abundance would end the division of labour. J. R. Shackleton, Professor of Economics at the University of Buckingham and Editorial and Research Fellow at the Institute of Economic Affairs, considers the modern debate in Robocalypse Now?. Prof. Shackleton argues that estimates of the number of jobs-at-risk are excessive; that regulatory and legal barriers to automation will result in slower than anticipated change, and that the last 200 years show how new employment opportunities are created to replace jobs lost to automation. We consider these various debates and ask whether the emergence of AI and robotics mean that, this time it’s different.
Adam talks to Dr. Erica Mallery-Blythe, an expert on medical conditions related to radio frequency and Brian Stein of the Radiation Research Trust about the growing scientific evidence that mobile phone radiation and WIFI are now linked to various cancers. They discuss why there is an unwillingness to talk about the dangers as mobile phones and WIFI is often ranked as the things we want and need most in our lives. They discuss why the government and the telecoms industry have a vested interest in not warning people of dangers and what you can do if you’re worried about the health risks but still want to keep using WIFI and your phone.