Banking ‘gamblers’, UK-China visa conflict & goodnight payday loans? (EP 150)

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Afshin Rattansi goes underground on the UK economy. Michael Burke, economist with the People’s Assembly, says Osborne allowed banks to be ‘the most reckless gambler in town’ by letting them keep the profits whilst the State paid for their losses, and warns that his ‘primary concern is for the City.’ Dr. Tim Summers, Senior Consulting Fellow of the Asia Programme at Chatham House, looks at UK-China relations in the wake of Foreign Affairs Select Committee MPs being denied visas into Hong Kong. Mike Thomas, founder of debtwizard.com, wants more affordable alternatives to payday lenders, warning that with the coalition raising the fee, many can’t afford to declare themselves bankrupt. And ahead of the Autumn Statement we ask how much George Osborne really knows about the economy.