Mic Mills, Head of Client Services at Capital Index, joined today’s Finance show, along with Nick Batsford, CEO at Tip TV, to discuss UK rates and the financial industry, and Cameron’s speech.
Carney: UK financial industry set to be the best regulated in the world in 5 years’ time
Mills highlights Carney’s comments on the UK’s financial industry, and adds that the people are beginning to trust the industry a bit more when compared from 4 years ago.
BoE not in the same boat as Fed
Mills speaks on the UK and US rate hike scenario, noting that BoE is not in a position to hike rates, with there being no inflation, and not much wage increases in the economy. He further warns of a lot of defaults in the housing mortgage if Carney hikes rates now.
Cameron’s Speech: Long awaited letter to the Eurozone
Mills highlights 4 key points from Cameron’s letter to the EU, and adds that he wants to be strong but doesn’t want to leave the EU either.
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