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Money Talks from The Economist

Money talks: Greek Lessons

Money Talks from The Economist

The Economist

Finance & Economics, Business News, Economy, News, Business

4.41.2K Ratings

🗓️ 31 July 2018

⏱️ 16 minutes

🧾️ Download transcript

Summary

Should the Bank of England raise interest rates this week?   As Greece prepares to exit its bail-out, what are the lessons to be learned from the crisis?  And open-plan offices - do they work? Helen Joyce hosts




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Transcript

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0:00.0

Imagine you in a nice comfy seat with your hands behind your head taking in the views instead of taking on the road maybe even taking a nap. That's the bliss of getting where you need to go

0:16.1

without worrying about driving. Book your train journey via avantiawestcoast.co.ukk.ukkow.co. and we'll take you there.

0:24.0

Avantee west coast, feel good travel. Hello, I'm Helen Joyce, the finance editor of the Economist.

0:37.0

Welcome to Money Talks.

0:42.0

Coming up on the programme. could we see UK interest rates rise above 0.5% this week?

0:48.0

As Greece prepares to exit its bailout, what are the lessons to be learned?

0:52.0

Over 20% of people are unemployed.

0:55.0

Over 40% of young people are out of work

0:58.0

and wages are being slashed if you happen to be lucky enough to have a job.

1:01.0

And why executives should consider closing the door on open

1:04.0

plan offices.

1:05.9

You are just a disposable cog in the machine and you don't even know when you come in whether

1:11.1

you're going to get a desk or not.

1:13.0

First, the Bank of England's Monetary Policy Committee is meeting on Thursday, and it's

1:17.8

expected to raise interest rates. Callum, Williams, is our Britain economics

1:21.2

correspondent.

1:22.3

Callum, there's a lot of talk about them raising rates.

1:24.2

This really looks like it might be on the cards for the first time since November this is,

1:28.4

and that's only the second time since the crisis hit.

1:30.8

Exactly. In a way, it's the first kind of real time since the crisis because what happened in November 2017

1:37.1

was the Bank of England reversed the cut that they had implemented after the Brexit referendum

1:42.1

when they thought the economy was going to go off a cliff.

...

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