The debt-laden UK high street
FT News Briefing
Forhecz Topher
4.4 • 1.3K Ratings
🗓️ 12 August 2021
⏱️ 9 minutes
🧾️ Download transcript
Summary
Read a transcript of this episode on FT.com
https://www.ft.com/content/baa5d27d-d16c-4f47-9902-abb72f02429d
A top Federal Reserve official told the FT that the central bank could dial back its ultra-accommodative monetary stimulus as early as this year, and the White House has called on Opec to boost oil production in an effort to curb high petrol prices. Plus, the FT’s property correspondent, George Hammond, discusses the complicated dilemma of unpaid rent that faces businesses, their landlords, lenders and the UK government.
Federal Reserve’s Daly says tapering could start as soon as this year
https://www.ft.com/content/e3320366-02f1-453e-ae42-e4af66a17eb0
White House calls on Opec to boost production to contain fuel prices, with Washington correspondent, Lauren Fedor
https://www.ft.com/content/a8a631cf-de43-47e8-8cc4-99732c39c4da
Unpaid rent: the £6.4bn question facing the UK high street, with property correspondent George Hammond
https://www.ft.com/content/ef6c975b-91f4-4328-8466-70b686f7309d
Burger chain Wendy’s to expand into ‘dark kitchens’ after raising forecasts
https://www.ft.com/content/31240e24-32e2-411f-8976-2127d16568c8
The FT News Briefing is produced by Fiona Symon and Marc Filippino. The show’s editor is Jess Smith. Our intern is Zoe Han. Additional help by Gavin Kallmann, Michael Bruning, and Persis Love. The show’s theme song is by Metaphor Music. The FT’s global head of audio is Cheryl Brumley.
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Transcript
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| 0:00.0 | Good morning from the Financial Times. Today is Thursday, August 12th. |
| 0:04.0 | And this is your FT News briefing. |
| 0:08.0 | A top federal reserve official told the FT that the US Central Bank |
| 0:12.0 | dialed back on its ultra-lust monetary policy as early as this year. |
| 0:16.0 | And the White House has called on OPEC to boost oil production. |
| 0:20.0 | Plus, during the pandemic, British businesses accumulated more than |
| 0:24.0 | 6 billion pounds of unpaid rent. |
| 0:26.0 | No one quite knows who's going to end up holding the can. |
| 0:28.0 | Is it going to be landlords, tenants, the government, lenders, we don't know. |
| 0:32.0 | I'm Mark Filipino and here's the news you need to start your day. |
| 0:40.0 | In an interview with the Financial Times, |
| 0:42.0 | San Francisco federal reserve president Mary Daley said that given the |
| 0:46.0 | strength of the US economic rebound, the Fed could start dialing back its |
| 0:50.0 | pandemic-related monetary stimulus by the end of the year. |
| 0:54.0 | Daley is the latest Fed official to say the central bank could start |
| 0:58.0 | reversing its ultra-lust monetary policy. |
| 1:00.0 | The Fed has said that it would continue buying $120 billion of |
| 1:04.0 | agency mortgage-back securities and treasuries each month until it achieved |
| 1:08.0 | what it called substantial further progress on its 2% inflation |
| 1:12.0 | and maximum employment goals. |
| 1:14.0 | Mary Daley expressed confidence in the economic recovery and said those |
| 1:18.0 | thresholds were likely to be met by the end of the year or early on in 2022. |
... |
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