to balance the books. plus, with the cost of living soaring around the world, global debt has hit a record $300 trillion. so we ll hear from the boss of europe s leading debt collection agency about how it balances the need to recover cash for its clients with people s ability to pay. wherever you rejoining me from around the world. once again, a big hello and a warm welcome to the show. getting old is something that happens to all of us. butjust how are we as individuals and as a society going to pay for it? this year, france has seen high profile and often violent demonstrations about government plans to address exactly that question. but the french aren t alone, across europe as well as in the us and japan and many other countries. our populations are getting older at a time when the global economic system has undergone a series of major shocks. since the second world war global life expectancy has risen steadily, while birth rates fall. in 2019 before the pandemic, the av
with president biden at the white house on thursday. it promises cooperation on advanced tech, clean energy and critical minerals. but it falls far short of the comprehensive free trade agreement with the us that the british government has been hoping for and had promised as a benefit of leaving the european union. our north america business correspondent michelle fleury has hopes of a full free trade deal were dashed sometime ago because it was clear that biden had been interested in that. there were noises for some time that we might get something more about an alliance against external threats to economic security and furthering ambitions on net zero. while this might seem like a pick and mix trade alliance, little bits here when it comes to talking about protecting supply chains, a little bit about making it easier to swap data between us and american firms and a little bit here about green energy and nuclear, it is very much tied together in looking at what of those co
hello everybody. a very warm welcome to talking business weekly. let s take a look at what is on the show. can we really afford to get old? ageing populations mean a rise in pensions and health care costs but, with government struggling for cash, who is going to pay? it is the problem at the heart of this year s protests with other countries facing similar challenges. well living standards need to step can change keep us comfortable in our senior years? i am going to discuss all of this with these two. a pensions expert who says we are sitting on a global pensions crisis time bomb that needs to raise retirement ages and from this leading economist who will explain why an ageing population isn t good news for governments trying to balance the books. plus, with the cost of living soaring around the world, global debt has set a record. $300 trillion. so we will hear from the boss of europe s leading debt collection agency about how it balances the need to recover cash for its cl
you have seen stress build up in the financial system over the last two years. financial system over the last two ears. financial system over the last two ears. . , ., ., years. are you finding that the economic years. are you finding that the economic environment - years. are you finding that the economic environment that i years. are you finding that the | economic environment that we years. are you finding that the i economic environment that we find ourselves in now, high inflation, high interest rates, is making the debt problem worse? the high interest rates, is making the debt problem worse? high interest rates, is making the debt problem worse? the answer is es. what debt problem worse? the answer is yes- what we debt problem worse? the answer is yes. what we see debt problem worse? the answer is yes. what we see is, debt problem worse? the answer is yes. what we see is, over - debt problem worse? the answer is yes. what we see is, over time i debt problem worse? the
we have not yet seen that lack of payment transfer over into things like mortgages and consumer credit to a degree, although you ve seen stress build up in the financial system over the last two years. are you finding that the economic environment that we find ourselves in now, high inflation, high interest rates, is making the debt problem worse? so, the answer is yes. what we see is over time and across countries, are comparative of who is in a more difficult situation and who isn t. when we look across all of europe, it s absolutely getting worse across the board, but it s very different by different countries, just as an example. the uk is probably the most difficult company or sorry country right now in terms of our ability to collect on past claims. not surprisingly, the uk is the highest, the most impacted and the first impacted by the energy crisis. it has the highest percentage of respondents in our recent survey as to how many firms are receiving inordinately high wage demand