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Business Matters

Business Matters

Business Matters

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Summary

The man in charge of the UK government's finances, chancellor Philip Hammond, pledges more borrowing after it's estimated an exit from the European Union could leave it $150bn worse off by 2020. The government's debt could grow to more than 90 per cent of GDP in the next few years to about $3tn, but Roger Bootle, from Capital Economics, explains this might not be as dangerous as some economists think. Despite the recent bad headlines for large-scale trade agreements, regional trade isn't dead yet. Jane O'Brien reports on how China is investing billions of dollars building rail and road connections to connect its factories with European and Middle Eastern markets. Questions around conflicts of interest are dogging Donald Trump before he has even assumed office. Now Congress is raising the issue of Deutsche Bank, one of Mr Trump's biggest lenders, which is currently negotiating a settlement with the Department of Justice over its role in the 2008 financial crisis. What will Mr Trump have to do to prove there is an effective and credible division between his business and political interests? We discuss the issues. Plus, would you pay someone else to queue for you? A pair of enterprising businessmen in India have spotted an opportunity in the ongoing currency crisis - their online service allows you to hire out errand boys to stand in line for the long ATM queues for cash. We talk to J'Net Nguyen, co-founder of a similar app in the US called LineAngels. Roger Hearing is joined throughout the programme by Peter Morici, professor of International Business at Maryland University and Catherine Yeung from Fidelity International Investments in Hong Kong. (Photo: A pedestrian shelters from the rain beneath a Union flag themed umbrella, near Westminster 2016. Credit: AFP/Getty Images)

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