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Wake Up to Money

Gilts up, pound down

Wake Up to Money

BBC

Business

4.4754 Ratings

🗓️ 14 January 2025

⏱️ 50 minutes

🧾️ Download transcript

Summary

Sean Farrington has the latest as borrowing costs climb and the pound falls further. Plus will homeowners in California be able to afford insurance after the latest wildfires?

Transcript

Click on a timestamp to play from that location

0:00.0

Before you listen to this BBC podcast, I'd like to quickly tell you about some others.

0:05.2

My name's Andy Martin and I'm the editor of a team of podcast producers at the BBC in Northern Ireland.

0:11.3

It's a job I really love because we get to tell the stories that really matter to people here,

0:16.3

but which also resonate and apply to listeners around the world.

0:19.6

And because the team is such a diverse

0:21.2

range of skills and strengths, we have trained journalists, people who love digging through

0:26.0

archives, we've got drama and even comedy experts. We really can do those stories justice. So if

0:31.8

you like this podcast, head to BBC Sounds where you'll find plenty more fascinating stories

0:37.1

from all around the UK. BBC Sounds where you'll find plenty more fascinating stories from all around the UK.

0:40.3

BBC Sounds, music, radio, podcasts.

0:44.3

Wake Up to Money from BBC 5 Live.

0:47.6

Hello, welcome. It is Wake Up to Money. We're going to have the very latest on what's

0:52.4

going on in the financial markets. Have you been following the level of the pound a little bit more closely than you might

0:58.1

have done for a good few months, borrowing costs for the UK government, sneaking up a bit.

1:03.6

Again, the pound has actually dropped to its lowest level since November 2023.

1:09.1

It's a tiny bit stronger as we wake up this morning,

1:11.1

but still not seen these kind of levels since the end of 2023.

1:15.3

We'll have a deep dive into exactly what's going on there.

1:18.6

There is a lot going on globally and both here in the UK.

1:22.1

Of course, also will homeowners in California be able to afford their insurance premiums after those

1:28.9

costliest wildfires in US history? We'll get the latest on that. And the photographer behind

1:35.3

the controversial Benetton adverts of the 1990s has died at the age of 82. We'll have a look at

...

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