Britain in gloom - This is Money podcast

This is Money Podcast

This is Money

Business News, Business, Investing, News

4.1 • 650 Ratings

🗓️ 8 July 2016

⏱️ 53 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

It’s started.

You can’t decide to leave the world’s biggest trading block and not expect some serious financial consequences.

Especially when the boys responsible for it ran away.

The economics of Brexit are suddenly looking dark.

We could be living under the cloud for many years.

Already, just two weeks on from the referendum, we are beginning to see the prospect of falling investment, falling house prices and job insecurity.

Householders, especially those in debt, need to prepare.

Investors in commercial property funds are also suffering.

It was always, says one commentator, a ‘disaster waiting to happen’. You invest in a shopping centre but when you want to take your money out you realise the secondhand market for shopping centres has collapsed.

Simon Lambert, Rachel Rickard Straus and Georgie Frost discuss the week’s events over a soundtrack of music and news clips from 1985, which is where, statistically, we’re back to.

Transcript

Click on a timestamp to play from that location

0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:10.4	A very warm welcome, I'm Georgie Frost. You're listening to Share Radio.
0:13.5	The team from the financial website of the year, This Is Money, are back in the studio with me for our weekly catch-up in partnership with NS&I.
0:20.4	I am joined today by editor
0:21.4	Simon Lambert and personal finance editor Rachel Rickard Strauss to go through some of the
0:26.2	stories they've been looking at this week. And this week, we went back in time. Well, the pound did.
0:33.5	Get out of my pump! Get out of my pump right now! Is this your car?
0:40.8	Oh no, in Beverly Hills we just take whichever car's closest.
0:42.9	You tell me that you built a time machine?
0:44.0	What of it, DeLorean?
0:45.9	Your troubles are over now.
0:48.4	Mine have just begun.
0:51.9	I am not frightened by what lies ahead. Ladies, not for turning.
0:57.4	Ah yes,
0:58.6	1985, the Uri Stenders came to our small
1:02.1	screens like a virgin shot up to the top of the Charles
1:04.9	Beverly Hills cop was in every cinema and Maggie and Ronnie
1:07.9	redefined the meaning of special relationships.
1:11.1	Well, the UK and US got a fair bit closer this week, but I'm talking currency.
1:16.3	The power fell to its lowest level against the dollar for more than three decades,
1:20.1	following a rather gloomy financial stability report from the Bank of England.
1:23.7	The FPC is announcing today that it's reducing the countercyclical buffer on banks'
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from This is Money, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of This is Money and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.