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Wake Up to Money

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News and views on business and the world of personal finance

News and views on business and the world of personal finance. Plus the very latest from the financial markets around the globe

Wake Up to Money: 22/12/2010

22/12/2010

BBC Radio 5 Live - Wake Up to Money, 22/12/2010

Rupert Murdoch's bid for remaining BSkyB shares cleared by European competition regulators

Rupert Murdoch's bid for remaining shares in BSkyB is cleared by European competition regulators and speculation about how UK retailers will survive this snowed-out festive period.

News and views from the business world with Stephanie McGovern and Jeremy Naylor.

Rupert Murdoch's News Corporation owns several UK newspapers and currently has a 39.1% stake in BSkyB.

Its bid to buy the remaining shares was cleared on Tuesday by European competition regulators. We hear from Professor Julian Petley, Chair of the Campaign for Press and Broadcasting Freedom and Professor of Screen Media and Journalism at Brunel University, about why this bid is so controversial.

A committee of MPs is warning the Government to think again over planned changes to housing benefit rules. Gary Vaux, head of money advice at Hertfordshire County Council, explains how nearly 800,000 claimants will be affected.

There's speculation about how the UK's retailers will make it through this year's 'snowed out' festive period.

We ask Stephen Robertson, director general of the British Retail Consortium, which represents the large High Street players, whether he expects any big names to go under, and, if so, what type of stores are most at risk.

Finally, Lord Hutton faces the dilemma of how to ensure millions of public sector workers in Britain retire with adequate pensions, whilst still remaining affordable for the country. The programme hears from Mike Taylor, chief executive of the London Pension Fund Authority, about what a career average scheme is, and how it differs from a final salary.

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22/12/2010

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