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  • 1 year ago
Eye-watering UK debt, toe-curling Italian liquidity, & more - with Ben Kumar

Eye-watering UK debt, toe-curling Italian liquidity, & more - with Ben Kumar

November's government borrowing dropped to £12.6bn, down £0.6bn from November 2015. This is according to the latest figures from the Office for National Statistics. Although the fall was less than analysts had expected, Britain's national debt now stands at an eye watering £1.655 trillion. Debt isn't the only concern causing the Prime Minister Theresa May to have sleepless nights. British companies have given her their Brexit wish list with easy access to European Union labour and markets at the top of their demands. Can she construct a one size fits all policy by the time the two year window for negotiations closes down? The jury's out on that one, just as it is with the saga of the world's oldest bank Monte dei Peschi, which could run out of cash within four months.

For more on those, and some of the day's other business stories, Juliette Foster was joined on the line by Ben Kumar, Investment Manager at Seven Investment Management.

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