Debate: Inflation, rates & safer banks

Where are global inflation and interest rates heading, as China faces higher inflation and after the European Central Bank's raising of its main rate? and does the interim report of the Independent Commission on Banking headed by economist John Vickers go far enough in recommendations to establish safer UK banks? In the chair, analysis editor Frederick Studemann debates the issues with Jonathan Portes, director of the National Institute of Economic and Social Research, Megan Murphy, FT investment banking correspondent and Martin Sandbu, economics leader writer.