The City View podcast, from Morning Wire, with Michael Spencer
In this episode Christian is joined by billionaire financier and City grandee Michael Spencer.
Subscribe to The City View Podcast: Apple / Google / Spotify / RSS
Spencer urges the government to “be brave” in easing the UK out of lockdown – a state of affairs he described as “agonising”. He warns of lasting damage to the British economy and to businesses if we don’t get the economy up and running again as soon as possible.
In a wide-ranging interview, Spencer:
– Suggests that the Prime Minister’s own experience of coronavirus “may incline him to a more cautious approach” to easing the lockdown
– Warns that the hospitality sector in particular faces “a profoundly challenging outlook” and that it’s “almost impossible to conceive how restaurants can take customers on any commercial basis – if social distancing is maintained”
– Says that the government’s economic support measures will see national debt reaching “eye-watering numbers”
– Stresses the need for a robust free-market response to the economic challenges presented by the global pandemic
– Urges the government not to extend the December deadline for a Brexit deal
In association with ETX Capital
ETX Capital is one of the UK’s leading spread betting and CFD trading providers, offering services to retail, institutional, professional and high net worth customers via an award-winning trading platform. With over 50 years of experience in the financial markets, customers and service are always put first at ETX, and the company prides itself in offering a tailor-made trading experience to every customer. The multi-device TraderPro platform delivers a fully customisable, award-winning trading technology with customisable charts, instant execution and over 5,000 markets to trade.
Disclaimer: Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76% of retail investor accounts lose money when spread betting or trading CFDs with ETX. You should consider whether you understand how spread bets or CFDs work and whether you can afford to take the high risk of losing your money. Authorised and regulated by the Financial Conduct Authority with Financial Services register number 124721. ETX Capital provides an execution-only service and therefore any market analysis, opinion, commentary or other information provided during this webinar is for educational purposes only and is not intended to be a personal recommendation or construed as advice. ETX Capital and the presenter are not financial or investment advisors and do not recommend any instrument of any kind. Any instruments that are mentioned throughout are cited only for illustrative and educational purposes.