The UK stock market is still attracting investment, beating out other countries in spite of potential political risks such as leaving the European Union and the upcoming General Election. So what makes it such an enticing prospect? For more on this and the latest best bits from Moneyweek, Ed Bowsher was joined by Merryn Somerset Webb, Editor in chief of the magazine.
With the General Election on June 8th is still dominating political news headlines, Ed Bowsher spoke to Matt Singh, founder of Number Cruncher Politics, to get his take on initial election predictions and more as politicians hit the campaign trail.
Did anyone see Theresa May's shocking General Election announcement coming? Ed Bowsher was joined by John Rentoul, Chief Political Commentator at the Independent, to hear if he was surprised or if it was inevitable.
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.
Prime Minister Theresa May has called for an early General Election on June 8th. The Prime Minster has implored MPs to pass an election motion tomorrow in Parliament allowing the process to begin. The bill would need the backing of two-thirds of MPs.
To get his reaction to the news and what it means for Britain, Ed Bowsher was joined by Mike Indian, senior political analyst at DeHaviland.
Hammond defends Johnson over failed Russia sanctions demand
Steve ClarkeOriginal Broadcast:
Share Radio Afternoon
Philip Hammond has defended Boris Johnson's failed attempt to get the G7 to increase sanctions against Russia. The Chancellor also supported the UK continuing to make the case for extended sanction in response to Putin's support of the Assad regime. Share Radio's Steve Clarke was joined by Asa Bennett, Assistant Comment Editor at the Telegraph for all the latest political news.
The G7 has rejected Boris Johnson's call for further sanctions against Russia for its continued support of the Assad regime. It follows news that Theresa may and Donald Trump have agreed there is a 'window of opportunity' to put pressure on Russia to abandon Assad. To discuss the latest political news, Ed Bowsher was joined by John Rentoul, Chief Political Commentator at The Independent.
New evidence suggests the Bank of England may have been involved in the Libor rigging scandal.
A secret recording from 2008 uncovered by the BBC suggests that the UK's central bank pressured commercial banks to push Libor rates down during the Financial Crisis.
Libor is the rate at which banks lend to each other, setting a benchmark for mortgages and loans for ordinary customers.
In one section of the recording, Senior Barclays manager Mark Dearlove speaks to Libor submitter Peter Johnson, telling him: "The bottom line is you're going to absolutely hate this... but we've had some very serious pressure from the UK government and the Bank of England about pushing our Libors lower."
Ed Bowsher was joined by Chris Justham of 7IM.
Jeremy Corbyn has pledged to increase the national living wage to £10 an hour within the first months of a Labour government, a rise that would benefit nearly 6 million workers. But is it enough to sway voters in the next general election? For this and more of the day's political news, Ed Bowsher was joined by Robert Colvile, Editor of CapX.
Cabinet Eurosceptics reportedly backed Theresa May's softer approach to Brexit, supporting the idea of a transition period after April 2019. And, Bank of England Governor Mark Carney said that the City must not be cut off from the rest of Europe, advising against protectionism in financial markets. Asa Bennet, Assistant Comment Editor at the Telegraph, joined us for the latest political news.
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