AJ Bell Money & Markets

UK bank results, a surprise jump in inflation and are Elon Musk's politics starting to hurt his business interests


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In this week’s episode, Charlene Young and Laith Khalaf mull over the latest numbers from the UK banking sector after Barclays, NatWest and HSBC have posted their full year results. [1:30]

There’s also been a slew of UK economic data over the last week, so we’ll be taking a look at the jobs figures and a big jump in inflation back up to 3%. We’ll also be asking whether we should be celebrating 0.1% growth in the economy. [6:23]

Cash has also been making headlines, as NS&I changes its rates, and a record amount is reported sitting in bank accounts paying no interest. Meanwhile rumours are flying that the government might consider cutting back the cash ISA allowance. [15:42]

The activist investor Saba is back with a new plan for its foray into the investment trust sector. Laith brings us up to speed with what’s going on. [25:20]

Saba’s strategy isn’t unique; in fact, it’s the same one adopted by Migo Opportunities trust, yet the way Saba has gone about calling for change is different to Migo’s approach. Dan Coatsworth caught up with Migo’s co-manager Charlotte Cuthbertson to explore the differences. [28:55]

Finally we’ll be asking if Elon Musk’s political affiliations might be starting to hurt his business interests, as protestors gather outside Tesla showrooms in the US. [40:10]

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AJ Bell Money & MarketsBy AJ Bell

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