The Fed's Next Interest Rate Decision

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The UK planning system is slow. It's under resourced and it's very, very kind of detailed and exacting in this country. The cost of debt has gone up a lot this year, so it's harder for developers to get financing. Most real estate development is debt fueled. There's more projects where you say, at the end of the day, we just can't do it.

EY’s global chief executive Carmine Di Sibio says he is planning to retire next year, and the FT’s Joshua Franklin explains the impact of JPMorgan settling a lawsuit over its 15-year relationship with Jeffrey Epstein. Plus, in the fourth and final part of our housing series, we look at what the government can do to bring down prices.

Mentioned in this podcast:

EY chief Carmine Di Sibio to retire after failure of split plan

JPMorgan to pay up to $290mn to settle Epstein accusers’ lawsuit

The Fed’s waiting game: is the US economy finally starting to crack?

How stubborn inflation has undermined the UK housing market

The FT News Briefing is produced by Fiona Symon, Sonja Hutson and Marc Filippino. The show’s editor is Jess Smith. Additional help by Katie McMurran, Peter Barber, Michael Lello, David da Silva and Gavin Kallmann. Topher Forhecz is the FT’s executive producer. The FT’s global head of audio is Cheryl Brumley. The show’s theme song is by Metaphor Music.

Read a transcript of this episode on FT.com

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