Banking blues and budget bonanzas
On this week’s Money and Markets podcast Dan Coatsworth and Danni Hewson consider what’s been a tumultuous week for global markets after not one, but two US banks collapsed sending banking stocks tumbling. There was more turmoil after Credit Suisse revealed material weakness in its financial reporting which only served to ratchet up the tension. And into the mix dropped the latest US inflation figures which showed headline prices are falling slowly but the all-important core number edged up raising the question – what will the Fed think is more important to deal with next week - because investors are betting on a rate hike slowdown
We’ve also got your Budget special right here with post-game analysis from Tom Selby AJ Bell’s head of retirement policy digging into the scrapping of the lifetime allowance and head of investment analysis Laith Khalaf looking at the big picture as the chancellor sails close to the wind with public finances whilst delivering some crowd pleasing moments including rolling out free 30 hours childcare to children from 9 months and a U-turn on plans to increase the amount households pay on their energy bills over the next three months.