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(1048)

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100 Days: How Investors View The UK's Labour Government

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The City Voices Labour Frustration, Musk Unveils Cybercar & Big French Tax Hikes

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) One hundred days into Britain’s new Labour government, executives say ‘we can’t live without the details ind...

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Hurricane Milton Hits Florida, Fed 50bps Unlikely & The Casino Where Gambling Is Outlawed

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Hurricane Milton slammed into Florida’s west coast near Tampa with tree-snapping winds and heavy rain, pus...

10 Okt 202416min

US Weighs Google Breakup, Dimon's UK Warning & France's Years of 'Fiscal Murder'

US Weighs Google Breakup, Dimon's UK Warning & France's Years of 'Fiscal Murder'

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) The US Justice Department told a federal judge it’s considering recommending that Google be forced to sell...

9 Okt 202416min

China Stock Rally Fizzles, Reeves' Tax Plans Falter & US Tariffs Impact

China Stock Rally Fizzles, Reeves' Tax Plans Falter & US Tariffs Impact

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) A rally in onshore Chinese stocks on their return from a week-long holiday cooled as traders questioned Beij...

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One Year After October 7th Attack, Oil In Focus & Market Bulls and Bears

One Year After October 7th Attack, Oil In Focus & Market Bulls and Bears

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