Welcome to the This is Money and Share Radio podcast, presented in partnership with NS&I. This week all eyes have been on the unreliable boyfriend of banking Mark Carney. Just days after committing to another year in the job the Governor of the Bank of England was thrust into the limelight again for Super Thursday. Meanwhile the High Court ruled parliament must be given a vote on triggering Article 50 casting further speculation on Brexit, and indeed Carney’s role in overseeing it. At any rate the Bank of England’s forecasts did not make for easy listening. Despite some hints of future growth interest rates are set to remain at rock bottom whilst inflation is set to soar leaving many to question just where they can safely invest their money. Editor Simon Lambert and Deputy Editor Adrian Lowrey join Georgie Frost this week to work out what’s on offer also weighing up alternatives such as overpaying the mortgage and investing in premium bonds, which celebrate their 60th birthday this week. Also on this week’s show they look at calls for a Government crackdown on cold calling and the prospect of a post-work economy thanks to the rise of robots and automation. This is Money is presented by Georgie Frost in partnership with NS&I.
The Bank of England has warned that households face a sharp upturn in inflation over the next few months after tearing up its economic forecasts. The rise in the cost of living is now predicted to shoot up to 2.7% next year, nearly three times its current level of 1%. The new outlook for inflation means the Bank has dropped the suggestion that it could cut interest rates to near-zero to stimulate growth. Dr Howard Archer, Chief European & U.K. Economist/ Senior Director at IHS Economics, joined Share Radio to look at the outcomes of 'Super Thursday'.
Federal Reserve officials have been meeting over the past two days and later we'll learn the result of their deliberations. It's widely predicted they will leave short-term interest rates unchanged, and indicate they remain on track to raise them in December. But how strongly will they signal their intentions just a week before the US elections? Kully Samra, Managing Director at Charles Schwab, joined Share Radio to offer his view.
What is Open Data, why is it important and what will happen to this ideology in Post-Brexit Britain? These are the big issues being discussed at the Open Data Institute's Annual Summit. And Share Radio’s Matt Cox has been speaking to the institute's policy associate, Peter Wells.
The US Presidential election is just two weeks away and the most recent polls suggest a Hillary Clinton presidency may remain the most likely outcome. Many believe that the FBI reopening the investigation into Clinton's prior use of a private email server has irrevocably damaged her credibility to the point where a Clinton presidency would be seen as illegitimate. But it has also emerged that, in revealing the new investigation, the FBI Director James Comey may have broken the law - a US act which forbids officials from influencing an election. Share Radio's Robert Van Egghen reports.
Earlier this week, the historic CETA EU-Canada trade deal was being scuppered by the opposition of Belgium, and the objections of one of its provinces, Wallonia. As a result, Thursday's signing ceremony was cancelled. Yet, Belgian political leaders have now reached a consensus in support of CETA. To discuss this, Jeremy Cook, Chief Economist at World First, joined Share Radio.
Anne Bromley, co-owner of Newcastle's Travel Bureau, which manages corporate travel for companies across the North East, joined Share Radio Morning Money to look at why the Heathrow expansion presents huge opportunity for North East business. Anne suggests that the North East will benefit if the project is properly managed and backed up with connectivity development.
Post-Brexit infrastructure will be one of the discussion points at today's Westminster Energy, Environment and Transport Forum, where delegates will be debating the next steps for major infrastructure projects in the UK, such as Hinkley and HS2. So is Brexit a threat, or will these projects go ahead as smoothly as possible? Matt Cox spoke to Richard Threlfall, Partner and Head of Infrastructure Building & Construction at KPMG, to find out.
European trade policy has been thrown into disarray after Belgium’s government said it could not overcome regional objections to an EU-Canada trade deal, despite weeks of talks to rescue the agreement. The so-called CETA pact is on the brink of collapse, and for more Jeremy Cook, Chief Economist at World First, joined Share Radio Morning to explain further.
Aerospace industry analyst Howard Wheeledon, of Wheeldon Strategic, joined Share Radio Morning Money to look ahead to the airport expansion decision, which is due out later. But is it the end of the line, or will this debate rumble on for years to come?