May 19th, 2015
Episode 342 of 935 episodes
The UK economy slips into deflation for the first time in more than 50 years, but are falling prices a cause for consumer relief or monetary concern? We speak to Roger Bootle of Capital Economics. There are fresh calls to cap bankers' pay from an influential UK political advisor. Steve Hilton, a former right hand man of UK Prime Minister David Cameron, argues salaries should be capped at public sector rates in banks which have been bailed out by the taxpayer. Anthony Browne, chief executive of the British Bankers' Association, says that would be a disaster for the industry. Plus, we have a special report from Gaza, a year after conflict erupted with Israel. Many firms and factories remain in ruins and movement of people in and out of the territory is severely restricted. But business is still being done amid the rubble, as Roger Hearing explains.