Is this the end of the line for the British steel industry. I talk to Steve Keen about the repercussions of the collapse of Greensill Capital. Plus, the US stimulus bill passed, but is it too much?
Phil’s daily business podcast. All you need to know in 30 minutes, with a bit of attitude thrown in. And a few laughs, sometimes.
The rail industry has been haemorrhaging money. The expectation is we’ll never go back to the full-time commute. Today I ask rail expert Sir Michael Holden whether the government or the industry has a plan for what happens next. Plus, China dips into its own share market. The Bank of England starts to recognise the inflation threat and is Italy at the start of another wave of COVID-19?
Tuesday 3rd March 2021
It’s already been revealed that the furlough scheme will be extended until September, and that the Chancellor will also extend support for the self-employed. But will Rishi’s budget today plug some of the gaps for those working for themselves, who have struggled through this crisis with no government support whatsoever. And could some of today’s budget measures make life more difficult for them? Andy Chamberlain, from the Association of Independent Professionals and the Self-Employed, talks through just how dire the situation is for many of those working for themselves.
Plus, yesterday the House of Lords Economic Affairs Committee questioned the independence of the Bank of England as they continue to buy up government debt. Alistair Darling was amongst those participating, where the question was raised about whether the banks remit needs to change to include a target on employment. Phil Dobbie talks through what happened at the committee yesterday, and asks whether we’re actually seeing the adoption of Modern Monetary Theory by stealth.
Today Berenger’s @KallumPickering reflects on the volatility in the markets last week. It’s largely good news as enthusiasm grows for a return to the sunny uplands later this year. But will it happen according to Boris Johnson’s schedule?
On Friday Jerome Powell says its time to taper, but not raise rates. The labour market needs time to heal, he said. Meanwhile, NAB’s Ray Attrill says positive PMIs at the end of the week show whilst we have inflation, there’s no sign of stagnation. https://t.co/hxi5Tythzk
This from a US Congress woman. Is there no decency left in America?
.@AlecBaldwin are these still available?
Asking for a movie producer…