logo
episode-header-image
Feb 2023
22m 51s

More Money, More Problems

bloomberg
About this episode

Wages are rising, but not by as much as inflation. Our UK correspondent Lizzy Burden breaks down the latest employment numbers, and the implications for the Chancellor ahead of next month's budget. Plus: what does the balloon controversy mean for relations between the UK and China? Asia government reporter Rebecca Choong Wilkins joins Bloomberg's Stephen Carroll and Yuan Potts to discuss. 

See omnystudio.com/listener for privacy information.

Up next
Yesterday
Pomp and Small Boats: Is The UK-France Migration Deal A Reset?
Keir Starmer secured a “one in, one out” migrant-return deal with Emmanuel Macron at the end of the first state visit from a French leader in more than 15 years. The Prime Minister is hoping he can prove his self-styled methodical, pragmatic approach works and can fix an issue wh ... Show More
14m 3s
Jul 4
A Year of Keir: Labour's Scorecard
The UK Prime Minister celebrates his first year in power this week. But what should be a positive occasion has been marred by a humiliating U-turn on welfare. We ask New Economics Foundation CEO Danny Sriskandarajah how the left view the achievements of the Labour government, and ... Show More
15m 39s
Jun 27
U-Turn To Where? Questions for Starmer After Benefits Climb Down
Prime Minister Keir Starmer has been forced into a U-turn on a planned £5 billion cut to disability entitlements, to quell a rebellion from within his own party. John Stepek, who writes Bloomberg's Money Distilled newsletter, discusses the pressure on Labour from both the left, a ... Show More
13m 40s
Recommended Episodes
Jul 2023
Is the Fed’s Battle Against Inflation Over?
P.M. Edition for July 24. The Federal Reserve is likely to raise rates this week. But the path after that is less certain. Chief economics correspondent Nick Timiraos explains why some officials aren’t ready to declare victory on Inflation. Plus, some of the workers cleaning up C ... Show More
18m 38s
Jun 2024
Central banks are scooping up the US dollar
Shari Redstone has ended talks with Skydance Media over a deal to control Paramount, the number of central banks seeking to increase their exposure to the US dollar has increased sharply this year, the EU plans to put hefty tariffs on Chinese electric vehicles, and the UK Tories' ... Show More
11m 12s
Sep 2022
Inflation, the Hamptons and an $800 grocery cart
China’s local government financing vehicles are bailing out cities and provinces that are struggling for cash, and UK prime minister Liz Truss is making a last-ditch effort to convince SoftBank to list its British chip maker, Arm, in the UK. Plus, the FT’s global business columni ... Show More
9m 38s
Aug 2022
Will student debt add up to more inflation?
The world’s second-largest cinema chain incorrectly reported the identity of its largest shareholder, and ExxonMobil is contesting Vladimir Putin’s decree blocking the oil company from exiting Russia. Plus, economists are debating the impact that US president Joe Biden’s student ... Show More
10m 12s
May 2023
China Wants The Yuan To Rival The Almighty Dollar
The US dollar is the world’s most-used currency for global transactions. Now China aims to elevate its currency as an alternative. Over the past year, President Xi Jinping's government has struck deals linked to the yuan stretching from Russia and Saudi Arabia to Brazil and even ... Show More
27m 28s
Jul 2023
Signs of a UK inflation cool-down
A crackdown on password sharing helped Netflix add nearly 6mn subscribers, UK inflation fell to a 15-month low of 7.9 per cent in June, Ukraine’s armed forces are having a hard time with Russian mines and Spain’s Sunday election could mean the end of Pedro Sánchez’s time as prime ... Show More
10m 29s
Jun 2023
Why is Britain getting inflation so wrong?
Despite the Prime Minister's pledge to halve inflation by the end of the year it's the Bank of England's job to deliver on that. Why is it struggling and what happens if it fails?Britain's facing an inflation crisis. Core inflation - which measures underlying inflation and disreg ... Show More
28m 47s
May 2024
The issue the political parties won't talk about
After several delays, Brexit checks finally came into force this week - adding cost and delay to how small businesses can get their goods into the UK. It'll see prices pushed up on the consumer's end too.But, you won't hear either main party discussing this in great detail. Why? ... Show More
40m 29s