fiscal rules

 Your morning briefing, the business news you need in just 15 minutes.

On today's podcast:

(1) The UK and Switzerland will sign an agreement around financial services on Thursday, a post-Brexit accord to deepen ties between their respective financial centers.

(2)  An escalation of attacks on marine vessels in the Red Sea is causing widespread trade disruption as the world's biggest vessel owners take alternative longer routes, sending shipping rates soaring.

(3) European Union finance chiefs ended months of wrangling over fiscal rigor to agree on new rules that will aim to rein in debt and define the bloc's ability to invest in key sectors such as defense for years to come.

(4) Citigroup has decided to exit the distressed-debt trading business, the latest retrenchment in Chief Executive Officer Jane Fraser's effort to reshape the firm in pursuit of higher returns.

(5) With aid from allies increasingly in doubt, companies are stepping in to support Ukraine's war economy. 

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Anoosh Chakelian and Freddie Hayward answer your questions. 

After a routing in 2015, the Liberal Democrats have languished as a minor player in the Commons while the SNP have enjoyed the advantages of being the third largest party in parliament. Their positions could reverse at the next election. Our listener asks how politics would change if the Lib Dems became the third largest party.  

Liz Truss’ premiership proved disastrous for the Conservatives – but did it scar Labour too? Anoosh and Freddie explore the long tail of the Truss debacle and its impact on both sides of the house.

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