Budget Impact, 4% Brexit Hit & Wall Street Capital Win

Budget Impact, 4% Brexit Hit & Wall Street Capital Win

Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:
(1) Chancellor Jeremy Hunt has handed millions of British workers a £10 billion a year tax cut paid for by stealing Labour's flagship policies and squeezing public services as he drew political battle lines for the upcoming election.

(2) Britain's budget watchdog said a hit to the economy from leaving the European Union is unfolding as it expected. The Office for Budget Responsibility says its long-running prediction is "broadly on track" to show a 15% fall in trade and a 4% reduction in the UK economy's potential productivity compared to if the UK had stayed in the EU.

(3) Wall Street banks are on the cusp of a sweeping regulatory victory after Federal Reserve Chair Jerome Powell signaled officials would scale back plans to make them hold more capital.

(4) A missile strike on a commercial ship in the Gulf of Aden resulted in the first confirmed deaths of crew members since Houthi militants began a wave of attacks against commercial shipping in one of the world's busiest sea lanes.

(5) Deutsche Bank has cut the bonus pool at its investment banking division by more than 10% after a slump in deals and a slowdown in trading last year.

See omnystudio.com/listener for privacy information.

Episoder(1101)

An Interview With The UK's Deputy PM & Deutsche Bank Trading Revenue Drops

An Interview With The UK's Deputy PM & Deutsche Bank Trading Revenue Drops

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Fed Pauses, PBOC Cuts, ECB To Hike, Plus Another London IPO Scrapped

Fed Pauses, PBOC Cuts, ECB To Hike, Plus Another London IPO Scrapped

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) China's central bank ramps up rate cuts as the economy weakens. (2) Jerome Powell says there is near consen...

15 Jun 202316min

UPDATE: UK GDP Goes Back To The Future & Bailey Warns Of Labor Hoarding

UPDATE: UK GDP Goes Back To The Future & Bailey Warns Of Labor Hoarding

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK GDP finally exceeds pre pandemic levels for the first time (2) The BOE Governor laments slowly cooling i...

14 Jun 202316min

The Fed Prepares For A Pause & Bailey Warns Of Labor Hoarding

The Fed Prepares For A Pause & Bailey Warns Of Labor Hoarding

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Fed prepares for a pause, but have rates also peaked. (2) The Bank of England Governor laments slowly c...

14 Jun 202317min

UPDATE: Wages Surge As Unemployment Drops & The CEO of SVB UK

UPDATE: Wages Surge As Unemployment Drops & The CEO of SVB UK

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) Unemployment unexpectedly drops as wages surge, creating another headache for the BOE. (2) Silicon Valley B...

13 Jun 202316min

Barclays CEO on Top Bankers Exodus & ARM Looks To Get A Leg Up

Barclays CEO on Top Bankers Exodus & ARM Looks To Get A Leg Up

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The boss of Barclays tells us an exodus of top bankers was driven by a decision to refocus the business. (...

13 Jun 202316min

Britain Adrift Interview: Martha Lane Fox on a People's Crisis

Britain Adrift Interview: Martha Lane Fox on a People's Crisis

Some of the world's biggest companies are highlighting the deteriorating investment climate in the UK. An investigation by the Bloomberg has found business leaders believe the government has failed to...

12 Jun 20235min

Britain Adrift Interview: Archie Norman on a Missing Industrial Strategy

Britain Adrift Interview: Archie Norman on a Missing Industrial Strategy

Some of the world's biggest companies are highlighting the deteriorating investment climate in the UK. An investigation by the Bloomberg has found business leaders believe the government has failed to...

12 Jun 20236min

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