According to data released today by GfK, a market research institute, consumer confidence remains stable but still in the negative territory. Survey shows households carried on spending this month - suggesting consumer confidence has remained stable. GfK's index to measure this was unchanged from February. The finding has led the market research firm to suggest that those predicting a post-Article 50 slump "could be wrong". The negative data is most likely due to the generally bleak/unclear future of the UK economy post-Brexit. Now Theresa May has fired the article 50 gun, can we expect things to worsen in consumer confidence or be on the up? Joe Staton, Head of Market Dynamics at GfK joined Nigel Cassidy to discuss further.
Britain’s price for splitting from the EU could be as low as €25bn - much lower than the €60bn that had been suggested. That's according to influential European think-tank Bruegel. They say the final figure comes down to whether you consider coming out of the EU as like quitting a club, and therefore leaving all the club's equipment behind, or a divorce, where both parties must divide up the house. James brydges spoke to Zsolt Darvas from Bruegel, one of those responsible for the research.
Now Brexit is not the only problem facing the EU. The Greek government's set for a key meeting of euro zone finance ministers next Friday. Negotiations over a potential bailout between Athens, the EU, and the International Monetary Fund have been dragging on for months, but according to reports, Greece has agreed with its lenders on key labour reforms, spending cuts and energy issues. Joining Nigel Cassidy is an old friend of the program, Michael Kosmides!
It's been 9 months since the June 23 referendum and, despite warnings of political upheaval and economic ruin, Brits have no regrets about voting Brexit. The majority of Brits believed Brexit was the right decision when quizzed in the weeks following the vote, and that still has not changed. Chris Curtis, International Politics Research Executive at YouGov, joined Nigel to discuss the public's attitude to Brexit.
What's the best strategy for British companies as the UK starts negotiating with the EU? The guessing game has begun; should our businesses pursue a global outlook, or restrict their suppliers to from inside the UK itself? Share Radio's James Brydges spoke to Chris Baker from global tech giant Concur.
The financial service sector contributed over £128 billion to the economy last year, and accounted for over 2.2 million jobs across the country. It also paid £71.4 billion in tax in 2015. It's thought Theresa May needs a transitional deal in order to give the sector time to adapt to life outside the EU. James Brydges spoke to Mark Boleat, Policy Chairman of the City of London Corporation, and first asked whether there were any surprises in the letter to Donald Tusk.
Anglo Pacific, the only natural resources royalty company to be listed in London, has released full year results today. The company invests in mining projects and then receives a proportion of the revenues they generate. Julian Treger, CEO of Anglo Pacific spoke to Nigel Cassidy to discuss how the company's doing and what they're up to at the moment.
Joining Nigel Cassidy today is Mike Van Dulken, Head of Research at Accendo Markets to discuss the top finance stories. Britain's FTSE 100 index is seen opening down 5 points, according to financial bookmakers. Plus they looked at some of the winners and losers as the Brexit process begins – nine months after the leave campaign triumphed.
A big legal defeat has driven Uber out of Denmark. A new law requires all taxis to have expensive seat sensors, meters, and video surveillance, meaning Uber is an "illegal taxi service" and not a "ride sharing app" as it claims. The ride-hailing company says it's closing it's business from mid-April. Matt Cox spoke to Paul Henty, Partner and competition law expert at law firm Charles Russell-Speechlys.
Truckman, the West Midlands-based automotive manufacturer, has made a sharp U-turn on its stance on Brexit. The company was firmly anti-Brexit and has now become a supporter of leaving the EU and has set it's sights on doubling its export activity by targeting countries including Belgium, France, Germany, the Netherlands, Luxembourg and Sweden. Chairman Mike Wheeler joined Nigel Cassidy to discuss the change of heart.
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