If you find this podcast useful please give it a rating and review on iTunes by clicking here
5 Things You Need To Know, Today, on Monday 17th April 2023
5. The cost of decarbonising air travel is likely to push up ticket prices and put some off flying, a group representing the UK aviation industry says.
Measures such as moving to higher-cost sustainable aviation fuel will "inevitably reduce passenger demand", according to Sustainable Aviation.
4. The AA has joined campaigners in calling for all existing smart motorways to be scrapped.
It comes after the government cancelled the building of all new smart motorways over cost and safety concerns.
3. Barclays is joining the ranks of global investment banks taking the axe to jobs amid a slowdown in dealmaking and stock market flotations.
The British lender will this week cut more than 100 roles in its investment bank, with sources saying the layoffs would not be confined to a single country or function within the business.
2. The Bank of England is considering a major overhaul of its deposit guarantee scheme, including boosting the amount covered for businesses and forcing banks to pre-fund the system to a greater extent to ensure faster access to cash when a lender collapses.
The UK’s Financial Services Compensation Scheme is being urgently reviewed after the rapid failure of Silicon Valley Bank last month.
1. Confidence among finance chiefs at the UK's biggest companies has seen its sharpest rise since 2020.
The Deloitte survey of chief financial officers showed sentiment rebounded as their concerns about energy prices and Brexit problems eased with 25% more CFOs feeling better about the future than worse, compared to 17% more feeling the opposite three months ago.