British citizens should be able to keep various benefits of EU membership including freedom of movement after Brexit, the European parliament’s chief negotiator has said. Guy Verhofstadt said Britons could be allowed to keep certain rights if they applied for them on an individual basis. “All British citizens today have also EU citizenship. That means a number of things: the possibility to participate in the European elections, the freedom of travel without problem inside the union". Joining Nigel Cassidy is Chris Bailey, Founder of financial orbit to discuss today's top finance news.
Tom Carroll, Director at Sanlam FOUR, joined Share Radio's Ed Bowsher to look at today's most important economic stories. They talked about Chancellor Hammond facing criticism from Tory MPs over a planned national insurance rise for self-employed; the ECB leaving interest rates and QE unchanged; UK pay growth being at its worst level since the Napoleonic Wars; Pret A Manger facing a staffing crisis because of Brexit.
Profits at Morrisons have risen 40% but why is the share price is down 6%? Plus John Lewis has cut staff bonus for fourth year in a row and Countrywide shares slump to an all-time low. For more on the latest company news, Share Radio's Ed Bowsher spoke with Richard Hunter of Wilson King Investment Management.
Amongst the spending pledges made by the Chancellor in this year's Budget we've heard millions will be set aside for research into futuristic technologies such as biotech, driverless cars and robotics. Money will also be put into a 5G network and supporting education in the STEM industries- science, technology, engineering and mathematics- with funding for 1,000 new PhD and fellowship positions. To discuss the investment Georgie Frost was joined by Dr Cian O'Donovan, research fellow at the Science Policy Research Unit.
Georgie Frost was joined by Simon McCulloch, Commercial Director at comparethemarket.com this morning. Today on the agenda, they discussed why rent is rising faster than income. Plus they look into how nearly half of shoppers would rather pay more for their favourite brand than see it fall victim to 'shrinkflation. All these stories and more on The News Review.
To go through all the political headlines this morning with Georgie Frost was Josh Lowe of Newsweek magazine. Of course dominating the news was Chancellor Philip Hammond's Budget speech. But how was it received? Moving elsewhere within British politics, and Nicola Sturgeon has been talking about a second Scottish Referendum. She has said that it would be 'common sense' to hold a vote in Autumn 2018. And it's the EU Leaders Summit today in Brussels - Theresa May will be there. But will it be her last before triggering Article 50?
Joining Georgie Frost to discuss the latest market headlines was Mike Ingram, market strategist at BGC partners starting with some budget reaction. How have the markets reacted to yesterdays announcements? It's also been a reasonably busy morning of company announcements. Morrisons has released final results this morning.
According to The Royal Institution of Chartered Surveyors (RICS) latest residential market survey the UK’s most vulnerable tenants are being pushed out of the private rental market due to rising rents and benefits cuts. However, could the government offer some assistance? Respondents to the survey suggested that more than half of the UK's private landlords would be prepared to rent their properties to homeless people or those on housing benefits if the Government introduced some form of state-endorsed deposit guarantor scheme. But is this really feasible? Joining Nigel Cassidy to give his analysis is Simon Rubinsohn, Chief Economist at RICS.
Phillip Hammond of course delivered his spring budget yesterday, it was pretty quiet according to some. However there were some notable points on business rates, forecasts and national insurance hikes. To give his take on the Budget is Stephen Boyle, Chief Economist at Natwest.