On the dire economic warnings of an EU-out

This is Money Podcast

This is Money

News, Business News, Investing, Business

4.4 • 735 Ratings

🗓️ 13 May 2016

⏱️ 50 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

If Britain were to leave the EU, it MIGHT prove to be an economic disaster for us.

The Bank of England governor Mark Carney, whose job it is to point things like this out, and other commentators, have said so. And the leavers don't like it.

Interest rates, house prices and all the other things that make Britain's dinner parties great might be affected.

Is this just politics dressed up as economics? Or should we be worried?

Simon Lambert and Rachel Rickard-Straus of This is Money and newly crowned financial broadcaster of the year, Share Radio's Georgie Frost discuss this and...

The fact that, Europe vote aside, UK growth is looking like a problem.

Whether the middle class dream is over for young people who need to earn more than £100,000 a year to even hope of buying a property in London.

Are these fancy new 'challenger banks' up to same sneaky old tricks as the established ones?

Minor investor is back with a few new ideas.

Why bother with 4 quid insurance for a theatre ticket and other possibly completely pointless things we're urged to insure?

And finally...

'Mustang Sally... I bought you a brand new Mustang 'bout nineteen sixty five.' Well, 51 years later you can buy a right-hand drive one. What's it like?

Email us hello@dmgmedia.co.uk

Text us 020 7938 6000.

Hosts: Georgie Frost, Simon Lambert, Lee Boyce, Helen Crane

Producer: Georgie Frost

Hosted on Acast. See acast.com/privacy for more information.

Transcript

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0:00.0	This is Money, brought to you in partnership with NS&I, giving you 100% security for your savings.
0:26.5	A very warm welcome to This Is Money and Share Radio podcast in partnership with NS.
0:29.4	And I'm Georgie Frost here with you on DAB across the country.
0:36.4	We're online and through the Share Radio mobile app every weekday from 9 until midday sharing ideas about money. I'm joined in the studio by editor Simon Lambert and personal finance editor Rachel Rickard Strauss
0:41.5	from the financial website of the year.
0:44.7	This is Money to talk through some of the stories on their site they've been investigating
0:48.4	over the last seven days and on the agenda today.
0:51.8	Could Brexit lead to recession?
0:53.7	The Bank of England suggest it could, costing jobs,
0:56.1	raising prices, seeing the pound fall sharply,
0:59.0	but it's called something of a political row.
1:01.3	It is our responsibility to analyze those risks,
1:04.8	to consider how and if we should mitigate those risks.
1:07.9	We have to communicate those.
1:09.1	Well, I think the governor ought to be very careful with what he says.
1:12.2	This is the third dire warning. They become ever more dire each time he speaks.
1:18.0	Also today we focus on the troubles of youth.
1:21.0	Inflation, as measured by the Consumer Prices Index, is 0.5, right?
1:26.0	Or is it not for millennials we're hearing? Welcome to Generation
1:29.9	Inflation.
1:30.9	If I'd known all of this kind of three years ago, I probably wouldn't have done a degree.
1:34.8	So are things really worse for our young people than previous generations? We explore
	...

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