The world's rich and powerful have descended on Davos for the World Economic Forum - the 1%'s annual pilgrimage to the temple of globalisation. But, this year, a sense of unease will almost certainly shadow any worship at the altar, with the liberal world order having had not one but two slaps to the face from Brexit and then Trump. So, what exactly makes the global elite, well, elite? And what do they get up to behind closed doors? To find out, Share Radio's Alex Clark spoke to Daniel Levin, author of 'Nothing but a Circus: Misadventures among the Powerful'.
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Original Broadcast: The Share Radio Evening Show
Share Radio's Simon Rose is joined in the studio by Tim Evens, Professor of Political Economy at Middlesex University, for The Bigger Picture, a look at the deeper meaning behind the week's headlines. On today's programme: what were the strategies and tactics behind Theresa May's Brexit speech? Is there any truth to post-truth? And how Romania's corruption fight is a smokescreen for weakening its democracy.
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Public finance is on "an unsustainable path" according to data. The Office for Budget Responsibility, or OBR, has claimed that Chancellor Philip Hammond is likely to find it impossible to balance the books in the coming years without cutting spending or raising taxes. The Chancellor said in his Autumn Statement he expected the deficit to be 2 percent of GDP by 2020, revised down from previous chancellor George Osborne's plans to have a budget surplus by the end of next parliament. But the OBR says that public sector debt could go from being 82 percent of GDP now to a staggering 234 percent over the next fourty years. It blamed the increased spending on the NHS and state pensions in particular. To understand what this means for the UK, Share Radio's Matt Cox spoke to Suren Thiru, Head of Economics at the British Chambers of Commerce.
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Original Broadcast: The Share Radio Evening Show
A freight train has arrived in Barking, in East London, all the way from China. And its carrying 4 million pounds worth of socks Share Radio's James Brydges has been finding out more.
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24 hours have passed since Theresa May delivered her much anticipated speech on Brexit, pinning down her negotiating priorities after weeks of speculation. The Prime Minister told a crowded hall that Britain "cannot possibly" remain within the single market, arguing that a "half in, half out" approach to Brexit is no exit at all. She also confirmed that Parliament WILL have a vote on the final Brexit deal. For reaction to Theresa May's Brexit speech, Share Radio's Simon Rose was joined one by Tom Brake MP, the Liberal Democrat's spokesperson for Foreign Affairs, and Roger Godsiff, MP for Birmingham Hall Green and member of Labour Leave - a group of Labour MPs who campaigned for Brexit.
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Original Broadcast: The Share Radio Evening Show
Shares in Pearson have fallen by almost 30% after the international publisher warned of a big fall in its US education business. Profits for 2017 could drop by £60m and it could cut its dividend for shareholders. What now for the ? Join Share Radio's Simon Rose as he investigates this and what else has been happening in the bourses and businesses of Britain and the world. To put the day's events in context, he's joined by Russ Mould, Investment Direct at AJ Bell.
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Investors often ask if they're getting good value for their money - but what should they look out for in companies from a legal point of view? Jonathan Deverill, Partner in the Corporate department at DAC Beachcroft, spoke with Share Radio's Simon Rose to cover the key issues.
Guests: Jonathan Deverill
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Original Broadcast: The Share Radio Evening Show
The FTSE 100 has been hitting record highs since the start of 2017 with a weaker pound boosting the UK's main stock index. But what effect has a weak sterling had on the small cap's market? David Thornton, editor of the Growth Company Investor, joined Share Radio's Simon Rose for more on this subject.
Guests: David Thornton
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Original Broadcast: The Share Radio Evening Show
Donald J. Trump is officially set to become the President of the United States. Since announcing his intention to run for the White House on the 16th of June, 2015 to much initial scepticism, Mr Trump’s journey to the Oval Office has been characterised by the rise of the alt right, debate by twitter and a confrontational style that has dumbfounded many analysts leaving political observers and market watchers unsure how the next 4 years will look. Simon was joined in the studio by Professor John Weeks and on the line from New York by Michael Zweig, Professor of Economics, State University of New York, Stoney Brook, & political activist.
Guests: Professor John Weeks,Michael Zweig
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Original Broadcast: The Share Radio Evening Show
Theresa May has announced that the UK won't remain within the European single market in her long awaited Brexit speech. How did markets take the news? Join Share Radio's Simon Rose as he investigates this and what else has been happening in the bourses and businesses of Britain and the world. To put the day's events in context, he's joined by Garry White, Chief Investment Commentator at Charles Stanley Direct, and Paul Sedgewick Head of Investments at Frank Investments.
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