Al-Arm bells ringing at the dawn of things

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 22 July 2016

⏱️ 51 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

‘Exploited! Barmy Army!’

Come on? Who still remembers the early 80s war cry from post-punk nihilists, The Exploited?

And who else thinks it could equally now apply to first of the big post-Brexit foreign business invasions – the Japanese takeover of British chip-making legend, Arm?

With the pound down 20% against the yen since the referendum, heavily indebted Japenese company Softbank has made a massively overvalued offer to buy the crown jewels of mobile phone components. It’s apparently banking on Arm’s future role in the ‘internet of the things’.

Barmy Arm-y!

Is Britain about to be exploited by the suddenly wealthier rest of the world?

What on earth is the internet of things?

If none of this makes any sense, relax, Georgie Frost, Simon Lambert and Rich Browning are on hand to explain it all in this week’s fun look at week’s events.

Also on the turntable…

What should our new Government ministers tackle first? Pensions, Housing, Transport? Simon has a plan.

Who is the greediest of them all? The Post Office is paying NOTHING to savers and tops the latest League of Shame.

Why’s the country now obsessed with the idea of becoming a millionaire? Be prepared for a shock when you work out how many lifetimes it might take to achieve it.

And finally…

What would be your first job if you were Prime Minister? An extra holiday anyone?

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:15.0	A very warm welcome to This is Money and Share Radio podcast in partnership with NS&I.
0:20.2	I'm Georgie Frost here with you on DAB across the country.
0:23.4	We're online and through the Share Radio mobile app every weekday from 9 until midday sharing ideas about money.
0:30.1	I'm joined today by editor Simon Lambert and development editor Rich Browning to go through some of the stories that they've been looking at this week.
0:37.2	And good for business or good for politics post-Brexit.
0:42.1	We want to send a very powerful signal that we are open to investors
0:45.8	who want to deploy their capital here to use British talent to build world-class companies.
0:51.4	Well, the Chancellor is happy.
0:52.7	So why is the founder up in arms at the £24 billion sale of the jewel in Britain's
0:58.9	tech crown to a foreign company?
1:01.4	Could it put the future of tech in this country at risk?
1:04.1	And what is the internet of things anyway?
1:05.9	It's effectively a network that is linking together, appliances, lighting, security, coffee machines
1:14.1	that held together within your home.
1:16.3	There you go.
1:17.0	Also today, named and shame.
1:18.9	This week, we found out just how much loyal savers are being mocked if they fail to move
1:23.9	their money to new, better accounts, some as low as 0%.
1:27.7	The FCA's put out a list that includes the likes of post office, Yorkshire Bank, Ulster Bank,
1:32.7	HSBC is also in there and HSBC runs a subsidiary we all know called First Direct.
1:38.0	So where can you move your money? Current accounts, perhaps? Well, not to Santander's
	...

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