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(1046)

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20 Feb 202516min

More 25% Tariffs, DOGE Cuts, Russia Sanctions & HSBC Overhaul

More 25% Tariffs, DOGE Cuts, Russia Sanctions & HSBC Overhaul

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump said he would likely impose tariffs on automobile, semiconductor and pharmaceutical i...

19 Feb 202520min

US-Russia Talk Without Ukraine, Cuts To Fund Defence & Delta Plane Flips

US-Russia Talk Without Ukraine, Cuts To Fund Defence & Delta Plane Flips

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Emmanuel Macron held talks separately with Donald Trump and Volodymyr Zelenskiy on aligning with the US afte...

18 Feb 202516min

UK Pledges Ukraine Peacekeepers, Defence Spending & Xi Drives China Rally

UK Pledges Ukraine Peacekeepers, Defence Spending & Xi Drives China Rally

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Prime Minister Keir Starmer pledged to send British peacekeeping troops to Ukraine if needed as he sought to...

17 Feb 202517min

Daybreak Weekend: Housing Data, German Elections, Alibaba Earnings

Daybreak Weekend: Housing Data, German Elections, Alibaba Earnings

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14 Feb 202537min

Trump Seeks Reciprocal Tariffs, HSBC Job Cuts & European Security Concerns

Trump Seeks Reciprocal Tariffs, HSBC Job Cuts & European Security Concerns

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) President Donald Trump ordered his administration to consider imposing reciprocal tariffs on numerous tradin...

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