FT News Briefing Biden looks to unite Democrats, future of UK-US trade, Westfield threatens tenants
Nov 9, 2020
President-elect Biden is navigating a power struggle within the Democratic Party, balancing the demands of progressives and moderates. As tensions rise, the implications for upcoming elections are crucial. Meanwhile, post-Brexit trade negotiations with the UK are gaining urgency, with significant concessions at stake. The podcast also highlights Westfield's legal threats to tenants over unpaid rents, shedding light on the pandemic's impact on retail businesses during the crucial holiday shopping season.
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Biden's Unity Challenge
- Biden faces a challenge unifying Democrats, especially progressives and moderates.
- Abigail Spanberger criticized progressives for using terms like "socialism", making them vulnerable to attacks.
US-UK Trade Deal Symbolism
- A US-UK trade deal is more symbolic than economically impactful, according to Sebastian Payne.
- It's less of a priority under Biden, who has other trade priorities.
Westfield's Legal Threats
- Westfield threatened tenants, including The Entertainer, with legal action over unpaid rent during lockdown.
- The threat was withdrawn after The Entertainer's chairman contacted their MP.