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Friday, February 03, 2012 2:24:00 AM
'Reluctant, risk-averse jerks'....the words of one Bank of England rate-setter talking about the banks on WUTM yesterday....we find out what banks have to say. We also look ahead to the latest insolvency numbers. And finally, does the pace of spending cuts threaten permanent damage to the UK economy...a leading thinktank makes the case.
Thursday, February 02, 2012 12:53:00 AM
Bank of England policymaker Adam Posen tells us why printing more money is essential to the economic recovery, and how to boost small business lending. Astrazeneca unveils its latest results, amid rumours of more job losses. And finally, can clubbing together on heating oil bills save you money?
Wednesday, February 01, 2012 3:45:00 AM
The former boss of the Royal Bank of Scotland, Fred Goodwin, has been stripped of his knighthood. Coming just days after the RBS bonus row, what can banks do to improve their image? As the government's plans to get people off welfare and into work return to the Commons, do the numbers add up? And the football transfer window has swung shut. But why was business so much quieter than last year?
Tuesday, January 31, 2012 2:05:00 AM
David Cameron's refused to sign up to a eurozone pact on budget discipline, but denies he's softened his position since his famous opt-out last year. A respected think tank's warning the government that its pensions shake-up might not save much after all. And why a strike at Her Majesty's Revenue and Customs is likely to mean a sign of relief for tens of thousands of people.
Monday, January 30, 2012 2:49:00 AM
The Chief Executive of RBS has given up a share bonus of nearly a million pounds. We look at what it means for the culture of City rewards and for the taxpayer. As eurozone leaders converge on Brussels to talk balanced budgets and growth, President Sarkozy has thrown in a firecracker with his plan for a 'robin hood' tax. And with Facebook reportedly planning to file for a flotation on the stock market this week, valued at up to 100 million dollars, is a new dotcom bubble getting dangerously big?
Friday, January 27, 2012 1:32:00 AM
RBS has decided to pay Chief Executive, Stephen Hester, a bonus of almost a million pounds. Who will benefit and could the final bill be considerably more? As the world waits to find out how the American economy performed in the fourth quarter of last year, is it really safe to go back into the water? And credit unions have been given powers to offer a wider range of services to more people. So are there risks to them becoming more like banks?
Thursday, January 26, 2012 1:17:00 AM
As David Cameron prepares to address the world's finest business brains at the World Economic Forum in Davos, will the meeting's slogan of "The Great Transformation" provide food for thought on the UK economy? Saudi-owned Thamesteel has gone into administration, putting hundreds of jobs at risk in Kent. It follows falls in activity in Britain's construction and manufacturing sectors. And although graduate starting pay is expected to rise for the first time in three years, will that help young people facing tough competition for jobs?
Wednesday, January 25, 2012 5:11:00 AM
No Wake Up To Money Due to Tennis
Tuesday, January 24, 2012 1:07:00 AM
Wake Up To Money asks 'Is boardroom pay out of control?' ahead of Vince Cable's proposals to give shareholders stronger powers to vote down executive pay packages. Unite Trade Union says a walkout by tanker drivers at major, oil company Wincanton over pay and conditions is justified. And finally, Eurozone finance ministers have set the stage for tough negotiations between Greece and its creditors.
Monday, January 23, 2012 2:00:00 AM
The Greek government fails to agree plans with creditors to write off 100 billion euros of outstanding debt. In an effort to force Iran to stop developing nuclear technologies the EU are expected to announce a ban on its oil imports and finally, Wake Up To Money looks at a worrying 70 per cent hike in profit warnings issued by companies in the last three months of last year.
Friday, January 20, 2012 1:25:00 AM
The TUC attacks the government’s plans to introduce charges for claimants bringing a case to an industrial tribunal. Sales at Intel surge, despite floods in Thailand damaging factories. Why Main Street is driving US banks’ profits, rather than Wall Street and how does the Co-operative movement view David Cameron’s praise of their model.
Thursday, January 19, 2012 4:29:00 AM
Why is the IMF seeking to raise more money, and will the UK Government stump up. Peacocks goes into administration as it’s revealed that more than 100 Woolies stores are still empty, and despite the Olympics, Euro 2012 and the Golden Jubilee, advertisers are cautious heading into the New Year.
Wednesday, January 18, 2012 12:57:00 AM
The giant behind brands from Persil to PG Tips faces eleven days of strike action by thousands of workers. Ahead of fresh unemployment figures, new research claims some areas are suffering disproportionately. And should a slowing Scottish economy affect its leader's plans for independence?
Tuesday, January 17, 2012 3:42:00 AM
Today's episode of Wake Up To Money was not broadcast due to coverage of the Australian Open. The 5 Live Money team will be reporting the big business stories throughout the day.
Monday, January 16, 2012 1:00:00 AM
Following the collapse of Greek debt talks on Friday, European institutions and the IMF arrive in Athens today to find out if the government is committed to its austerity programme. It's likely that the UK is already in a "technical" recession, according to the Ernst and Young ITEM Club. And is a boom in buy-to-let keeping house prices expensive?
Friday, January 13, 2012 1:13:00 AM
A powerful committee of MPs warns the government its new consumer watchdog must break with the "box-ticking culture" of the past. A leading accountancy firm tells us why the Bank of England needs to inject more money into the economy. And as Wall Street bonus season starts, what could hard times in New York mean for bankers in London?
Thursday, January 12, 2012 12:45:00 AM
Thousands of jobs are being axed in the investment bank division of the state-controlled bank RBS, but will taxpayers feel the benefit? Are personal injury claims sending car insurance sky high? And we predict the winners and losers as the markets gear up for more Christmas results from major high street brands.
Thousands of jobs are being axed in the investment bank division of the state-controlled bank RBS, but will taxpayers feel the benefit? Are personal injury claims sending car insurance sky high? Predicting the winners and losers as the markets gear up for more Christmas results from major high street brands
Wednesday, January 11, 2012 1:00:00 AM
Social Housing tenants who sub-let their homes could be sent to prison under Government plans. It's not in the eurozone, but Hungary is the latest country to start talks with the IMF about getting a bailout. For first time since the depth of the recession in mid-2009, fewer temporary staff were taken on by businesses around the country.
Tuesday, January 10, 2012 2:00:00 AM
Businesses across the United Kingdom are in for a stagnant 6 months, after a disappointing end to last year, say the British Chamber of Commerce Will the dazzling week before Christmas be enough to save retailers after an otherwise tough year? What new gadgets created a buzz after the launch of this year's Consumer Electronic Show in Las Vegas?
Monday, January 09, 2012 1:30:00 AM
The Prime Minister plans to get to grips with excessive boardroom pay levels after he promised shareholders more power to stop excessive pay. Rolls Royce Motor Cars announces it's sold the most cars in its 107 year history. The cost of fraud to British businesses is up by fifty per cent on last year according to research out today.
Friday, January 06, 2012 1:00:00 AM
The Financial Ombudsman says mis-sold Payment Protection Insurance will remain a big problem for consumers in 2012. Businessmen, economists and MPs this morning are coming out in support of high speed rail link, HS2. The Government's announced that it'll hold its first ever 'Satnav Summit' - to find solutions with in-vehicle technology.
Thursday, January 05, 2012 1:00:00 AM
Are you subsidising your employer by working for free? British workers are doing two billion hours of unpaid overtime according to the TUC. The scrap metal industry and police are launching a crack down on thieves who steal metal from churches and railways then sell it on. Could the motor industry sell more by offering car-buyers internet access on the move?
Wednesday, January 04, 2012 1:00:00 AM
The Institute for Fiscal Studies says families with young children are bearing the brunt of the government's austerity measures. The first high street retailers prepare to publish their Christmas performance. And Save the Children says just 25,000 families will get help with their energy bills this Winter.
Tuesday, January 03, 2012 1:05:00 AM
Actuaries warn of what they call "seismic collapse" of private sector pensions. Are company finance directors causing more problems by looking after number one - stripping out risks and conserving cash? And there's a warning that a third of households will slip into fuel poverty in 20 years unless the government sorts out new sources of energy.
Friday, December 30, 2011 12:21:00 AM
We look back at some of the biggest business stories of 2011, in the year's last Wake up to Money. Also in the programme, from 1st January the airline industry will have to join the Emission Trading Scheme that has applied to other industries since 2005. Airlines will have to buy and sell allowances to emit CO2, which is supposed to encourage the industry to invest in more fuel efficient aircraft. But consumer groups fear the costs will simply be passed onto passengers. Finally, the National Farmers' Union say farming could help kick-start UK economic growth if EU subsidies are reformed and the government delivers on its promises to cut red tape. It says that rising exports of food and drink make this one this year's more successful sectors.
Thursday, December 29, 2011 12:32:00 AM
Debt management companies are expecting a surge of calls for assistance once the New Year celebrations are over, as figures from the Insolvency Service show a sharp increase in a scheme known as a Debt Relief Orders. Though inflation has been easing and economists expect it to continue to fall next year, analysis from the financial research company Defaqto shows less than one per cent of savings accounts provide a real return when inflation and tax is taken into account. After the Irish government drew up an austerity programme of tax rises and spending cuts two years ago, more than 40,000 people have left the country and many more are expected to leave next year.
Friday, December 23, 2011 12:24:00 AM
The government's cracking down on credit and debit card surcharges, which it says are all too often "excessive, opaque" and "misleading". After much wrangling US politicians have struck a deal to extend a payroll tax cut to around 160 million workers; is it another sign of the American economy getting back on its feet? And will the busiest shopping day of the year be enough to pull some retailers back from the brink?
Thursday, December 22, 2011 12:29:00 AM
We get the third revision of how the British economy has performed in the third quarter of 2011. Sales of homes may rise a little over the coming year but prices will struggle to follow suit, according to the Royal Institute of Chartered Surveyors Housing Market Forecast published today. After yesterday's huge take u p by eurozone banks of the cheap money on offer from europe's central bank - was ita good thing or a bad thing?
Wednesday, December 21, 2011 12:27:00 AM
In Japan, Police have raided the headquarters of the camera maker, Olympus after the company admitted it had covered up losses of around a billion pounds. More than a quarter of a million people are to spend their second Christmas on the dole according to the Trades Union Congress. There are signs that all is not well in the 'I' of the BRIC countries - India. Two solar companies and environmental campaigners have begun legal action against the government over cuts to subsidies.
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