Interest rates, Polestar without Volvo, and Phoneix Group overachieves
By Sky News
01/02/24ยท20m 36s
Ian speaks with Sky's Economics and Data Editor, Ed Conway, about the The Bank of England saying inflation could ease to its 2% target within a few months - despite it keeping interest rates on hold again at 5.25%.
Swedish carmaker Volvo said today it will stop providing funding to its electric vehicle start-up Polestar - we discuss this with Jim Rowan, Chief Executive of Volvo Cars.
And, Andy Briggs, Chief Executive of Phoenix Group - the UK's biggest long term savings and retirement business, talks to Ian about it hitting their 2025 target for new business cash generation two years early.