Money talks: Banking bad
Money Talks from The Economist
The Economist
4.4 • 1.2K Ratings
🗓️ 18 June 2019
⏱️ 18 minutes
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| 0:00.0 | Are you receiving tax credits? |
| 0:02.0 | If so, this message is for you. |
| 0:04.5 | Tax credits are coming to an end, |
| 0:06.3 | and most people will be asked to apply for universal credits instead. |
| 0:10.0 | The Department for Work and Pensions is writing to Tax Credit claimants. |
| 0:14.0 | You won't be moved automatically, so look out for your letter explaining what you'll need to do and by when. |
| 0:19.0 | And there's also lots of support to help you make the move. |
| 0:22.0 | Get ready for your Universal Credit Switchover. |
| 0:25.2 | Search Understanding Universal Credit today. |
| 0:28.2 | Eligibility criteria apply. Hello, I'm Patrick Fowles, the Business Affairs Editor of The Economist, and you're listening to Money Talks |
| 0:44.8 | on Economist Radio. |
| 0:47.0 | Coming up on today's show, China's economic woes mount up. |
| 0:55.0 | It doesn't mean that China is at a crisis point, |
| 0:58.0 | but it does mean that it faces a big headache. |
| 1:02.0 | And a new museum opening in France that is dedicated to economics. |
| 1:07.0 | I mean, ultimately what the exhibit makes you realize is that there's just so much economics. |
| 1:12.0 | There's so much to cover. You know you have to give them credit. |
| 1:14.4 | They really have tried to give a new division they are labelling a bad bank to hold tens of billions of euros of dodgy assets. It's part of a serious |
| 1:36.1 | overhaul of its operations by its chief executive Christian saving who is trying to |
| 1:41.5 | move the bank's focus away from trading. |
| 1:44.8 | This could mean Germany's biggest lender will significantly shrink some of its American operations |
| 1:49.8 | too. |
... |
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