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Simon Jack
@BBCSimonJack
BBC Business Editor Today Programme on BBC Radio 4 Co-Presenter Good Bad Billionaire - Best Business Podcast 2024
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    Nigel Farage fell below the financial threshold required to hold an account at Coutts, the prestigious private bank for wealthy customers the BBC has been told. It also understood that he was offered a normal account at Natwest which owns Coutts. People familiar....
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    Holy cow. The folks who predicted the October price cap within 50 quid accuracy now saying price cap will be 5386 in January and 6616 in April. Ofgem boss urging caution on all future estimates but bloody hell…
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    Worth saying that Oz trade deal is estimated to add 0.02% of UK GDP in 15 years time while govts own estimates of leaving EU single market will reduce UK GDP by 4% over same time period. you’d need 2000 Australias to offset impact. These are govts own figures not mine.
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    Genuine question. Doesn’t fracking only make sense if its nationalised? Otherwise it’s just a bit more gas in an expensive international market?
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    Strong line form Nissan's Alan Johnson. "Simple fact is we (UK) are too expensive. Sunderland is most efficient plant Nissan has but once you've paid your elec, gas, NICs etc we are too expensive - any industrial strategy that doesn't tackle that is a waste of time.
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    Dyson have received uk govt order for 10,000 ventilators designed and made from scratch. Will also produce an additional 5,000 of which 1000 will be donated to uk. 4,000 to other countries.
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    The information on which we based our reporting on Nigel Farage and his bank accounts came from a trusted and senior source. However the information turned out to be incomplete and inaccurate. Therefore I would like to apologise to Mr Farage.
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    Freight crisis. France blocks lorry movements from UK for 48 hrs due to new COVID strain alarm. Government caught off guard by this. Ministers and officials just beginning to assess the situation. DFT in charge tonight but will be a Cabinet Office convened meeting tomorrow am..1/
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    Thank you to the Coutts customers who have been in touch saying they fall below financial thresholds but unlike Farage have not been threatened with account closure. Clearly a lot of discretion available to the bank.
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    No Erasmus participation. That's a blow for thousands of students now and in the future.
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    Interesting on page 63 of the OBR book - "since 2019 the UK appears to have become a less trade intensive economy with trade as % of GDP falling 12% since 2019 - two and a half times more than any other G7 country".
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    Supermarket exec tells me Matt Hancock has “totally made up what he said about working with supermarkets. We haven’t heard anything from govt directly.” Adds - teams are having to work “round the clock” to keep shelves stocked. Tinned goods,pasta sales “through the roof”
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    Nigel Green, CEO oof deVere Group abandons property investment in Uk
 
“Understandably, lenders are suspending mortgage offers and, in turn, we’re now suspending our property investment division. The Chancellor and PM Liz Truss have recklessly gambled with the UK economy.
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    no deal Brexit will annihilate UK farmers and fishing fleets. former cabinet secretary told me -“nothing is forever”. It’s a matter of fact that 70% of fish caught in UK waters is sold to EU and 70% of fish consumed in UK is from Norway/Iceland waters. Complicated for 0.1% of GDP