Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

Starmer’s Costly U-Turn, Astra's UK Listing Risk, Trump Bill Rebellion Brews

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

On today's podcast:

(1) Keir Starmer dramatically abandoned his flagship welfare reforms to avoid a historic defeat, leaving the UK prime minister’s authority badly damaged and his government facing a widening fiscal hole to fill.

(2) The Trump administration is halting the transfer of artillery rounds and air defenses to Ukraine, depriving the country of much-needed weapons as it endures stepped-up missile and drone attacks from Russia.

(3) President Donald Trump said Israel has agreed to the conditions needed for a 60-day ceasefire in Gaza, adding that the plan would now be presented to Hamas.

(4) AstraZeneca's Chief Executive Officer Pascal Soriot wants to move the drugmaker’s stock listing to the US, the Times reported, in what would be another sign of the UK’s waning status as a magnet for global capital.

(5) Bank of England Governor Andrew Bailey said high interest rates are having less of an impact on inflation because of Britain’s low levels of debt among both businesses and consumers.

(6) Banco Santander agreed to buy Banco Sabadell SA’s UK unit for £2.65 billion ($3.64 billion), a deal that will make it the UK’s third-largest lender by some measures.

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Episoder(1044)

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 stea...

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UK Budget Tax Cuts & Trump's Super Tuesday Win

UK Budget Tax Cuts & Trump's Super Tuesday Win

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) Jeremy Hunt plans to put personal tax cuts at the center of his annual budget on Wednesday as he navigates t...

6 Mar 202416min

Why Britain Isn’t Such a Basket Case Anymore, at Least to Investors

Why Britain Isn’t Such a Basket Case Anymore, at Least to Investors

Your morning briefing, the business news you need in just 15 minutes.On today's podcast:(1) There’s a new sense of optimism in the UK as a global investment destination ahead of a general election lat...

5 Mar 202422min

Hunt's Budget Inflation Risk & Germany's Property Bubble

Hunt's Budget Inflation Risk & Germany's Property Bubble

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) UK Chancellor of the Exchequer Jeremy Hunt said his budget will be "prudent" and "responsible," as he tried...

4 Mar 202416min

Daybreak Weekend: Jobs Report, Jay Powell Speaks, Government Spending

Daybreak Weekend: Jobs Report, Jay Powell Speaks, Government Spending

Bloomberg Daybreak Weekend with Tom Busby takes a look at some of the stories we'll be tracking in the coming week. In the US - Jobs Report, Jay Powell on Capitol Hill and Target earnings In the UK -...

2 Mar 202437min

Is There A Bullish Case For Britain?

Is There A Bullish Case For Britain?

The UK’s reputation as a global investment destination hit rock bottom last April, when Microsoft President Brad Smith said The European Union was a more attractive place to start a business.Yet 10 mo...

1 Mar 202441min

Galloway Wins In Rochdale, China Economy & Sticky Inflation

Galloway Wins In Rochdale, China Economy & Sticky Inflation

Your morning briefing, the business news you need in just 15 minutes. On today's podcast: (1) Left-wing disrupter George Galloway won a seat in the UK Parliament in a special election that underscored...

1 Mar 202416min

Focus On Trump Grows & UK Weighs Ending Non-Dom Tax Status

Focus On Trump Grows & UK Weighs Ending Non-Dom Tax Status

Your morning briefing, the business news you need in just 15 minutes. On today's podcast:(1) The Supreme Court’s decision to take up Donald Trump’s bid for immunity from criminal prosecution raises th...

29 Feb 202416min

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