Business

The Bank of England has warned that the wider financial system in the UK – including pension and hedge funds – urgently needs to be made more resilient.

Interest rates have gone up to 4.25% – their highest level in 15 years.

Jackie spoke to the Labour MP Angela Eagle, who is on the Treasury Select Committee and began by asking her why the current regulation of IVAs doesn’t seem to be working?

At the start of Debt Awareness Week, charities are warning that more and more vulnerable people are being mis-sold repayment plans called IVAs that end up driving them into even more debt. 

The hours between markets closing on Friday and Monday are the opportunity for major financial moves that would otherwise cause market chaos.

We spoke to Mohamed El-Erian, chief economic adviser at Allianz and president of Queens’ College at the University of Cambridge, and began by asking him what lies behind this financial turmoil.

Share prices have tumbled again in the troubled Credit Suisse bank – sending markets across Europe and the United States into the red.

Economist Mariana Mazzacuto joins Krishnan Guru-Murthy on Ways to Change the World to discuss how economic theory can streamline everything from school lunches to handling a pandemic, and the link between knife crime and the economy. 

Shares in the troubled banking group Credit Suisse jumped up this morning, after it was able to announce a £45bn support package from Switzerland’s central bank. 

One big chance to win back voters – not just in the Red Wall but across the country – could come tomorrow when the Chancellor will present his budget. 

The UK economy performed better than expected in January – output grew by 0.3%.

Neil Macdonald on the state of our economy ahead of the budget.

High street stores are this week expected to report a rise in shoplifting and abuse against their staff. Thefts related to drug abuse, as well as by people struggling to make ends meet, costs retailers over 600-million pounds in revenue annually. And this programme understands that figures released by the British Retail Consortium later this…

The Chancellor could find himself borrowing tens of billions of pounds less than expected this year. So what does that mean for the public finances? Could the public sector get its pay rise? Economics reporter Neil Macdonald explains.

Liam Algor is an area organiser with the USDAW union which represents members who work for major retailers amongst others.