Was the Bank of England wrong on Brexit? How to beat low rates and the robots after your job
This is Money Podcast
This is Money
4.1 • 650 Ratings
🗓️ 4 November 2016
⏱️ 49 minutes
🧾️ Download transcript
Summary
The Bank of England updated us on post-Brexit vote Britain this week and managed to admit it was wrong while telling us it was right. Simon Lambert, Adrian Lowery and Georgie Frost rake through the inflation report and outlook for interest rates and the economy on the This is Money podcast with Share Radio. They also look at what that High Court victory means for Brexit, business and our money. While this rumbles on, savers are being stung by terrible rates and inflation rising. So what should you do with your spare cash and what even counts as spare? We look at whether you should switch banks, invest it, buy premium bonds, or perhaps just go on holiday (be warned this is now more expensive). Watch out though if you do go away, you might find a robot has nabbed your job by the time you get back. We also take a look at what the rise of the robots means – and the jobs we’d rather they had taken of us.
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. |
| 0:12.2 | A very warm welcome to This Is Money in Share Radio podcast in partnership with NS&I. I'm Georgie Frost. |
| 0:18.2 | Joining me in the studio is editor Simon Lambert and Deputy Editor |
| 0:22.0 | Adrian Lowry to round up the week's top stories they've been covering on their financial website |
| 0:26.6 | of the year. And what a week. Hard Brexit, soft Brexit, I'll just scramble Brexit. The High Court |
| 0:33.0 | threw a spanner into the works of Theresa May's plans to get the ball rolling on the UK's divorce from the EU. |
| 0:39.5 | This case was very much about protecting our parliamentary sovereignty. |
| 0:43.4 | I think actually it's a bad day for democracy. |
| 0:45.7 | It could delay things, of course. |
| 0:47.8 | Speculation about a general election is always with us. |
| 0:50.7 | Forget what this means for the country. |
| 0:52.2 | What about Mark Carney? |
| 0:53.5 | After much speculation this week about the future of the Governor of the Bank of England, that unreliable boyfriend committed to stay on for another year until 2019 to guide Britain through Brexit. But if the process is all delayed, then what then? Not everyone, though, would like to see him stay after some rather |
| 1:11.5 | dire pre-vote warnings. This is a man who politicised the Bank of England, provided some very |
| 1:16.4 | dire forecast in the event of us voting to leave personally older preferred if he'd left far sooner. |
| 1:21.8 | He's going to have his critics. He's staunchly defended the rate cut that they made post-the-Brexit |
| 1:26.2 | decision. And this was the week that the Bank of England admitted the economy |
| 1:29.2 | was perhaps doing a little bit better than expected. |
| 1:31.3 | We had Super Thursday, was it as super, as the name would suggest? |
| 1:34.6 | Perceptions of job security remains strong. |
| 1:36.9 | Wages are also growing at around the same modest pace as at the start of the year, |
| 1:41.5 | and confidence is solid. |
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