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This year's Reith Lecturer is the Chairman of Lloyds Bank, Sir Oliver Franks. He is the former Provost of Queen's College, Oxford, and the former Professor of Moral Philosophy at University of Glasgow. He was the British Ambassador in Washington, DC, between 1948 and 1952, and has been described as "one of the founders of the post-war world". He delivers his Reith series entitled 'Britain and Tide of World Affairs'.

In his fifth lecture entitled 'The Balancing Act', Sir Oliver considers the economic aspect of Britain's relationship with other countries. He explores the need for a global economic market in order to sustain the standard of living we are accustomed to.