Wake Up to Money - 25/09/2009

Andy Verity and Mickey Clark present this morning's business stories. The High Court is expected to rule today on whether employers can force people to retire at 65. Employment lawyer, Owen Warnock, explains what the current law means in practical terms for people turning 65. Could the current fall in sterling aid the UK's economic recovery? The pound fell to one euro and nine cents, its lowest since early April, and dropped by almost two cents to one dollar and sixty cents. We talk to Jonathan Bellwood, managing director of People Vox and Jeremy Stretch, senior markets strategist at Rabobank. "Zombie stocks", the stock of dead or damaged companies are becoming increasingly popular but they carry a big risk. Washington Mutual collapsed into bankruptcy this time last year but its stock is still trading and this week posted a 64 percent gain. We are joined by Christopher Thornberg, Principal at Beacon Economics. Banks and building societies are gearing up for a battle to attract deposits from the over fifties next month. The ISA allowance is rising from 7,200 pounds to 10,200 pounds from October 6th, with the amount that can be saved into cash going up from 3,600 pounds to 5,100 pounds. Mark Dampier, head of research at Hargreaves Lansdowne, explains why this is just for the over-50's.