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.
Welcome to the This is Money Show on Share Radio, brought to you in partnership with NS&I. It’s the start of a new financial year and with it a number of new tax changes and price hikes. Taking an Easter themed look through what all this means for the pound in your pocket Georgie Frost is joined by Personal Finance Editor Rachel Rickard Straus and Consumer Affairs Editor Lee Boyce. Plus we put the biggest retailers to the test with the annual Easter taste test.
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.
Theresa May has launched the Tory local election campaign today, saying that there are no 'no go areas' where Tories can't win. She is set to meet EU Council Chief Donald Tusk for Brexit talks later today. Rachel Cunliffe, Writer & Deputy Editor of Reaction, joined Share Radio's Ed Bowsher for all the latest political news.
The House of Commons Brexit committee says that Theresa May's claim that 'no deal is better than a bad deal' is 'unsubstantiated'.
However, the committee's verdict wasn't unanimous, only 11 of the 17 committee members supported the report.
For this and more on the latest political news, Ed Bowsher was joined by John Rentoul, Chief Political Commentator at The Independent.
Catch up with the latest Twitter chat from the UK Money Blogger community with founder of Be Clever with Your Cash Andy Webb. This week they look at what the changes coming this financial year will mean for the pound in our pockets.
This week sees the introduction of the apprentice levy for many UK employers of 0.5% on their annual pay bill. It's aimed at funding training for apprentices but we're hearing a worrying number of firms have little or no knowledge of how the system will affect them. So what will it mean for businesses? To find out Share Radio's Tom Hill spoke to Chris Gray managing director at management consultancy ManpowerGroup.
Thousands of podcasts covering politics, economics, philosophy and entertainment, plus unlimited online radio including some great folk music (instrumental) - all free of charge, and practically no ads!