Investing while Brexiting
Money Box
BBC
4.2 • 825 Ratings
🗓️ 17 November 2018
⏱️ 25 minutes
🧾️ Download transcript
Summary
This week the government's publication of its draft Brexit Withdrawal Agreement was followed by the cabinet resignations of Dominic Raab and Esther McVey. The financial markets responded with a sharp drop in the pound before it stabilised and a fall in the share price of UK focused companies. Guest: Tom Stevenson Investment Director at Fidelity Worldwide Investments.
Some of the biggest clothing retailers are being warned they could be encouraging young shoppers to get into problem debt. Major sports and fashion names are using a new type of “try before you buy” service from the Swedish bank Klarna for online orders. Guest Moira O'Neill, head of personal finance at Interactive Investor.
A childminder reveals how problems with the government's tax-free childcare system are impacting on her business. Earlier this month around 22,000 standing order payments from parents to childcare providers were delayed. HMRC have apologised and say it was an isolated issue which has been fixed. Guest: Aoife Hamilton, Policy and Information Manager at Employers for Childcare.
Until now Starling Bank services could only be accessed via a smartphone app. That changed this week after it joined a partnership which allows its customers to deposit and withdraw cash at Post Office branches. Is this a step backwards for digital banking? Guest: Anne Boden CEO and founder, Starling Bank.
Presenter: Paul Lewis Reporter: Dan Whitworth Producer: Charmaine Cozier Editor: Richard Vadon
Transcript
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| 0:00.0 | In Northern Ireland, from the late 70s to the early 90s, the IRA killed over 40 alleged informers. |
| 0:08.0 | But the man who often found, tortured and sometimes killed these people on behalf of the IRA |
| 0:12.0 | was himself an informer, a secret British army agent with the codename Stakeknife. |
| 0:18.0 | Who gets to play God? And why me? Why my family? When lies are still being told to this day, |
| 0:24.0 | who do you believe? I wouldn't even know where to start and I'm with the IRA. |
| 0:28.5 | Steakknife. Listen first on BBC Sounds. BBC Sounds, music, radio, podcasts. Hello, in today's program, Deal or No Deal, how should investors respond to three days of Brexit political drama? |
| 0:45.4 | Will a try before you buy online payment service lead young shoppers into unmanageable debt? |
| 0:51.6 | Childminders say their businesses are being damaged by delays in paying them through |
| 0:55.7 | HMRC's online tax-free childcare system, and why might you see customers of the mobile app bank |
| 1:01.8 | Starling queuing up in your local post office? But first, chaos. I've always wanted to start like that. |
| 1:09.6 | That's been one description this week of the |
| 1:11.6 | arguments over the 100,000 word draft agreement to withdraw from the EU. If you invest your |
| 1:17.8 | own money, can you take advantage of this political turmoil? The cabinet divided many MPs unhappy |
| 1:23.7 | and still the threat of a challenge to Theresa May's leadership of her party. |
| 1:28.6 | How have the markets responded and how should investors react to this uncertainty? |
| 1:34.1 | With me as Tom Stevenson, Investment Director at Fidelity International. |
| 1:39.8 | Tom Stevenson, lots going on politically, very dramatic. |
| 1:43.5 | What effects on the price of shares and the price of the pound and so on? |
| 1:47.2 | Well, it has been a very volatile week, as you suggest, Paul, although chaos probably does |
| 1:52.8 | overstate it slightly. |
| 1:54.6 | But I mean, earlier in the week, there was some relief that a withdrawal agreement had |
| 2:00.0 | been struck. |
... |
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