Browse content similar to 16/03/2016. Check below for episodes and series from the same categories and more!
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Hello this is business live from the BBC. The world's top central bank | :00:09. | :00:15. | |
and the world's biggest economy, the US Fed takes centre stage again as | :00:16. | :00:19. | |
it wraps up its interest rate meeting. Live from London, it is our | :00:20. | :00:23. | |
top story on Wednesday the 16th of March. | :00:24. | :00:39. | |
It is the big one, the US Federal reserve meeting wraps up, with | :00:40. | :00:45. | |
insight into the health of the biggest economy and global growth. | :00:46. | :00:49. | |
Also in the programme, balancing the books, it is budget day in the UK | :00:50. | :00:55. | |
cuts and tax rises over worrying cuts and tax rises over worrying | :00:56. | :01:02. | |
over the global economy. This is the London stock exchange, and Deutsche | :01:03. | :01:08. | |
Post, agreeing to a merger, we will look at what they call a merger of | :01:09. | :01:13. | |
equals. And it has got a cult following, so we will look at the | :01:14. | :01:18. | |
man behind the Brompton foldable bike, but will the man behind the | :01:19. | :01:23. | |
expansion plan reap the rewards? We will talk to him very soon. Also do | :01:24. | :01:29. | |
get in touch with us, use the hashtag. | :01:30. | :01:41. | |
Hello to you, a warm welcome. We are starting the day in America where | :01:42. | :01:48. | |
the world's largest central bank, the US Federal reserve NZ stay | :01:49. | :01:52. | |
meeting. Investors will be looking at that very closely for insights | :01:53. | :01:55. | |
into the health of the world's biggest economy and for grow ball | :01:56. | :02:00. | |
growth. He, we will scrutinise every word used by Janet Yellen, for the | :02:01. | :02:05. | |
path of interest rates, known as a. Plot. And for the American economy. | :02:06. | :02:12. | |
The Fed raised the cost of borrowing in December for the first time in a | :02:13. | :02:16. | |
decade. For the first time it hinted that rates could go up four more | :02:17. | :02:21. | |
times this year but many economists are now predicting, that two or | :02:22. | :02:26. | |
three in 2016. Recent data has shown that the US economy is in pretty | :02:27. | :02:30. | |
good health with inflation and jobs figures continuing to get stronger. | :02:31. | :02:36. | |
I am joined by Professor Richard Portis who is an economist at the | :02:37. | :02:41. | |
London business School. Welcome to the programme. You are with the vast | :02:42. | :02:45. | |
majority who believes in no interest rate change today, what will Janet | :02:46. | :02:51. | |
Yellen say? I'm with the consensus on that, I think that she will say | :02:52. | :02:55. | |
that there is probably no balance of risk statement which they omitted in | :02:56. | :03:00. | |
January which was quite significant. And that suggests that there is a | :03:01. | :03:05. | |
real disagreement within the Federal open market committee. I will | :03:06. | :03:11. | |
elaborate on that in the moment. She will also communicate, they will | :03:12. | :03:16. | |
communicate what their plot is, their projections by the market | :03:17. | :03:20. | |
community members of where they think interest rates will be in | :03:21. | :03:24. | |
three months, in six months, in nine months and so forth. It is not the | :03:25. | :03:30. | |
same as the market but it gives us an insight into how they are | :03:31. | :03:37. | |
evaluating the risks. What is the disagreement? The disagreement is | :03:38. | :03:42. | |
really about substantively, it is about inflation expectations, and | :03:43. | :03:45. | |
the state of the labour market and there are disagreements partly | :03:46. | :03:53. | |
arising from the date. There is real confusion on the data about | :03:54. | :03:56. | |
inflation expectations, and different measures and so forth. But | :03:57. | :04:03. | |
the labour market, again we don't know how much slack there is in the | :04:04. | :04:08. | |
US labour market. You can say goodness, unemployment is very low, | :04:09. | :04:12. | |
but then there is still a lot of people out of the labour force who | :04:13. | :04:17. | |
were there, before the crisis. So it is quite hard to read how healthy | :04:18. | :04:22. | |
the US economy is, so for that reason patients will be the message | :04:23. | :04:27. | |
that we will get today? Not just for that reason, it is hard to read and | :04:28. | :04:31. | |
there is substantive disagreement among members of the committee. On | :04:32. | :04:35. | |
the one side you might say is Stanley Fischer and several others | :04:36. | :04:39. | |
who I can name if you wish, and on the other side, is Lionel braid, who | :04:40. | :04:46. | |
will be making the case for great caution, because she is concerned | :04:47. | :04:50. | |
about the inflation expectations. And the state of the global economy. | :04:51. | :04:55. | |
You might member that if you weeks ago, the IMF just before the G20's | :04:56. | :05:01. | |
summit, the IMF warned about the risks, the major risks in the global | :05:02. | :05:06. | |
economy. The T20 did nothing. Team might still think there is cause for | :05:07. | :05:08. | |
concern. Thank you so much for sharing your | :05:09. | :05:13. | |
thoughts on that. As soon as we do get any news, from the federal | :05:14. | :05:17. | |
reserve we will bring it to you. Deutsche Boerse says it has | :05:18. | :05:26. | |
reached a merger agreement It says it sees additional potential | :05:27. | :05:28. | |
cost savings of almost 500-million dollars a year | :05:29. | :05:32. | |
for the combined company. The german exchange said its saw | :05:33. | :05:34. | |
potential cost savings of 450 million euros | :05:35. | :05:36. | |
($499 million) per year Unemployment in South Korea hit | :05:37. | :05:38. | |
a five-year high in February It was higher than economist | :05:39. | :05:50. | |
expected, due to shrinking manufacturing and construction | :05:51. | :05:53. | |
sectors. Apple has said the Founding Fathers | :05:54. | :05:57. | |
of the US would 'be appalled' by the ongoing battle | :05:58. | :06:00. | |
between the technology giant and the US government over access | :06:01. | :06:02. | |
to an encrypted mobile phone. The FBI wants Apple to develop | :06:03. | :06:04. | |
software so it can unlock the iPhone which belonged to one of the gunmen | :06:05. | :06:07. | |
involved in the San Bernadino Plenty more stories on the business | :06:08. | :06:17. | |
line website, it is dominated by the UK budget as you can see, that is | :06:18. | :06:23. | |
our Chancellor or finance minister if you prefer Chancellor George | :06:24. | :06:26. | |
Osborne of course. You can see plenty more about that. Other | :06:27. | :06:32. | |
stories feature China backing a new five-year economic plan, we will | :06:33. | :06:36. | |
have more details about that. Also, Amazon is investigated for alleged | :06:37. | :06:43. | |
tax evasion in Italy, and Spain. Amazon responding to a statement | :06:44. | :06:48. | |
saying that it pays all applicable taxes in every juror sticks and were | :06:49. | :06:53. | |
it operates including Italy. Once again, Amazon hitting the headlines | :06:54. | :06:54. | |
for all of the wrong reasons. In Asia, China's annual | :06:55. | :06:59. | |
National People's Congress has ended, with the country's leader | :07:00. | :07:01. | |
pledging to keep the country's What else did we learn? We have | :07:02. | :07:12. | |
heard the sort of statements before and they have pledged some ambitious | :07:13. | :07:17. | |
targets, flesh this out, what did we hear? Guillem act you can probably | :07:18. | :07:22. | |
see the dreadful smog behind me, that is one issue on the minds of | :07:23. | :07:27. | |
China's leader. As they close the session. But it is the economy that | :07:28. | :07:34. | |
has dominated proceedings, and it dominated the closing press | :07:35. | :07:37. | |
conference of the Premier, he spoke about the challenges and | :07:38. | :07:41. | |
opportunities. He insisted that it was possible for China to both carry | :07:42. | :07:47. | |
out difficult reforms, reduce overcapacity, reformed those | :07:48. | :07:49. | |
inefficient state-owned enterprises and at the same time as all of that, | :07:50. | :07:55. | |
keep hitting that growth target of 6.5% every year for the next five | :07:56. | :07:59. | |
years. That is an extraordinary ambitious plan, there are many | :08:00. | :08:03. | |
people who have their doubts and their is one thing that you are left | :08:04. | :08:07. | |
with at the end of the session, that is the lack of scrutiny. Those in | :08:08. | :08:12. | |
the parliament but also in the press conference, in which all questions | :08:13. | :08:17. | |
were vetted in advance. So we heard him arguing in that very same event, | :08:18. | :08:25. | |
for more media scrutiny. John, thank you for the details of what we have | :08:26. | :08:29. | |
heard in what is always an interesting statement, the question | :08:30. | :08:32. | |
is whether the market will believe what they have heard. You can see | :08:33. | :08:37. | |
the nick a ending down on the day, and a similar picture in Hong Kong. | :08:38. | :08:41. | |
But there are only one or two stories in town, it is the US | :08:42. | :08:48. | |
Federal reserve, that investors will be keeping an eye on. In the UK, | :08:49. | :08:54. | |
there is budget day, so it will have big imprecations for the equity | :08:55. | :08:59. | |
markets, particularly the FTSE, in terms of spending and taxation. We | :09:00. | :09:02. | |
will talk about that in a bit more detail but let us head to Wall | :09:03. | :09:07. | |
Street, and speak to Michele Ferrari who will be talking about what is | :09:08. | :09:13. | |
happening ahead. All eyes are on the Federal reserve, at least on Wall | :09:14. | :09:17. | |
Street, they are on autopilot until the result of the US central bank | :09:18. | :09:23. | |
lost a policy meeting are out, cute expect any changes in the rates, | :09:24. | :09:30. | |
they will be scaring Janet Yellen's comments for clues, about how likely | :09:31. | :09:33. | |
a move in June is. Rising prices would lay a foundation for that and | :09:34. | :09:38. | |
an uptake in one measure of inflation is expected this | :09:39. | :09:42. | |
Wednesday. But a second report on industrial production may paint a | :09:43. | :09:46. | |
gloomy picture of the economy. In terms. To keep an eye on, watch out | :09:47. | :09:52. | |
for Valiant shares, the embattled maker plunged more than 20% after it | :09:53. | :09:57. | |
said that it might default on its debt, and cut its revenue forecast. | :09:58. | :10:02. | |
That prompted an activist investor to say that his hedge fund would | :10:03. | :10:07. | |
take a much more proactive role to try and protect its loss-making | :10:08. | :10:14. | |
investment that is Michele in New York, Amy is with us, he is a | :10:15. | :10:24. | |
manager at PIMCO. Guillem act two things that are focusing investor's | :10:25. | :10:28. | |
mind, one, which will have more of an impact on weight UK market will | :10:29. | :10:32. | |
go, which is the Fed that we were talking about earlier. For us, as | :10:33. | :10:38. | |
individuals the budget is key. So on the one hand, you have got the Fed | :10:39. | :10:43. | |
who will try and talk up the US economy and hopefully the global | :10:44. | :10:46. | |
economy and will say that hopefully things are still OK and they look to | :10:47. | :10:51. | |
raise rates in the months ahead ideally, an George Osborne will say, | :10:52. | :10:55. | |
that things are a bit trickier from my seat so I will worry about the | :10:56. | :11:00. | |
global outlook. A little bit of a balancing act. Our senses that | :11:01. | :11:04. | |
things are generally OK but a bit of both. Budget day in the UK, clearly | :11:05. | :11:11. | |
we will be live to gnat that pretty closely, it is about the direct | :11:12. | :11:14. | |
coronation that will have on the stock markets because there are | :11:15. | :11:17. | |
certain firms that will benefit on it very well. Spending on | :11:18. | :11:21. | |
infrastructure, others can suffer if there is a rise on tax, things like | :11:22. | :11:27. | |
petrol in the spotlight, cigarettes, syntaxes as they are called. | :11:28. | :11:30. | |
Different parts of industry like insurance could be hit? That is | :11:31. | :11:33. | |
right, you have really hit the nail right, you have really hit the nail | :11:34. | :11:36. | |
on the head with the budget, the budget will know the broad brush | :11:37. | :11:40. | |
approach, to try and keep spending down and to try and keep the deficit | :11:41. | :11:45. | |
down so it will be about individual sectors, and I suspect, things like | :11:46. | :11:48. | |
petrol duty, it does look like quite a popular one. OK, you will return | :11:49. | :11:54. | |
in five-minute time to talk about some other stories in business. In | :11:55. | :12:00. | |
the meantime, a folding fortune, we meet the man behind the cult folding | :12:01. | :12:05. | |
bike, the Brompton. We will try and do that live. The firm has big plans | :12:06. | :12:11. | |
overseas so the question is, can it keep the wheels turning? First more | :12:12. | :12:21. | |
on the budget and down unusual look ahead from Steph McGovern. | :12:22. | :12:24. | |
Come rain or shine, every spring the chance presents Britain with a | :12:25. | :12:30. | |
budget, a plan for the country's future which involves a fair bit of | :12:31. | :12:34. | |
forecasting. This time last year, the outlook was pretty sunny for our | :12:35. | :12:39. | |
economy, but it seems that the forecasts were off the mark and in | :12:40. | :12:44. | |
the Chancellor 's own words, there are storm clouds gathering. Growth | :12:45. | :12:50. | |
this year, is cooling, with a 2.5% predicted, more likely to be 2.2%. | :12:51. | :12:57. | |
One of the pressure is bringing in those storm clouds is coming from | :12:58. | :13:03. | |
the East. China is like the sun, it has been relied on for its warmth to | :13:04. | :13:07. | |
warm up the world, it has not been as hot as it would have been like so | :13:08. | :13:13. | |
we have not grown as much, it has also caused turmoil in the financial | :13:14. | :13:18. | |
markets, so we have not sold off our stake in Lloyds because we didn't | :13:19. | :13:21. | |
think we would have a good enough price. If the economy is not growing | :13:22. | :13:26. | |
as fast, the economy will be taking as much money as it hoped from tax, | :13:27. | :13:31. | |
making it tougher for the Chancellor to balance the books by 2020. The | :13:32. | :13:36. | |
calls of this we are expecting to hear today about more spending cuts, | :13:37. | :13:41. | |
it is not all gloom though, and there are some warm fronts. One ray | :13:42. | :13:46. | |
of sunshine has come from changes to the interest that the government | :13:47. | :13:51. | |
pays on its debts, giving us an extra ?27 billion. Also there are | :13:52. | :13:58. | |
more people on work than ever before, 31 million and fewer people | :13:59. | :14:03. | |
claiming benefits. But critics argue that the employment statistics are | :14:04. | :14:06. | |
not as sunny as they look with some of the growth coming from part-time | :14:07. | :14:09. | |
work and wages are not growing as fast as expected. It is likely to | :14:10. | :14:14. | |
mean that we will see some tax rises to make up that shortfalls such as | :14:15. | :14:21. | |
some possible rises in fuel duty, and more so-called syntaxes. But | :14:22. | :14:25. | |
like a lot of forecast it is a mixed picture. Either way the Chancellor | :14:26. | :14:30. | |
has said that there will be more austerity, so unprotected government | :14:31. | :14:36. | |
departments are likely to have to make more savings. That brings you | :14:37. | :14:39. | |
up to date with the weather on budget day. What is this? And Q. | :14:40. | :14:46. | |
And you can keep abreast of the budget as it happens | :14:47. | :14:49. | |
in our special programme with Huw Edwards at 11:30 on this | :14:50. | :14:51. | |
channel and BBC2 and of course BBC online. | :14:52. | :14:53. | |
Our top story: The world's top central bank and the world biggest | :14:54. | :14:58. | |
economy - no wonder the US Fed takes centre stage today as it wraps | :14:59. | :15:01. | |
And we'll see what Fed boss Janet Yellen has to say | :15:02. | :15:07. | |
about the path of interest rates, the health of the US economy | :15:08. | :15:10. | |
And now let's get the inside track on a British company that's cornered | :15:11. | :15:26. | |
the market for upscale commuter bikes. | :15:27. | :15:34. | |
Brompton's folding bike has a bit of a cult following, | :15:35. | :15:38. | |
its a familiar sight in the capital's streets and tucked | :15:39. | :15:40. | |
It was designed and built by Andrew Ritchie in 1975 | :15:41. | :15:51. | |
The bikes are British made - Brompton is the UK's largest bike | :15:52. | :16:02. | |
manufacturer, churning out more than 45,000 per year. | :16:03. | :16:08. | |
With a headcount of 240, the firm sells its bikes all over | :16:09. | :16:11. | |
Now, more than three-quarters of sales are overseas. | :16:12. | :16:18. | |
Here with us in the studio is Will Butler-Adams, | :16:19. | :16:20. | |
Chief Executive of Brompton Bicycle. | :16:21. | :16:25. | |
Now, you started out, your career, you are an engineer and you were | :16:26. | :16:34. | |
working in the chemicals industry, how did you become the boss of | :16:35. | :16:42. | |
Brompton? I was looking after chemical plants in Middlesbrough and | :16:43. | :16:46. | |
I thought I was going go and be trendy and do an M BA and go to | :16:47. | :16:52. | |
consultancy and in the midst of that I sat on a bus when I was visiting | :16:53. | :16:57. | |
London and it turned out that the man I sat next door to was the best | :16:58. | :17:04. | |
friend at university of the inventor of the Brompton. I got chatted and I | :17:05. | :17:11. | |
sounded interesting. I wept to the factory and saw a very cool product | :17:12. | :17:18. | |
and I whizzed around on and I saw the factory that was like something | :17:19. | :17:25. | |
stuck in the 50s and I thought this looks loads more fun and I got stuck | :17:26. | :17:33. | |
into making bikes. It is the design that is iconic and one that people | :17:34. | :17:38. | |
who don't have the space to store it and you can carry it around with | :17:39. | :17:42. | |
you. There is a hefty price tag, but it is the fact you can carry it | :17:43. | :17:48. | |
around and I'm going to try and assemble this bike. That is the bit | :17:49. | :17:53. | |
that people struggle with. Ben will try and unfold the bike. It is not | :17:54. | :18:01. | |
cheap. You're looking at ?750 to ?1,000. Yes The unique selling point | :18:02. | :18:09. | |
is you can carry it around. Yes, what is happening, we are moving | :18:10. | :18:12. | |
into cities and people are moving into cities and we are not that | :18:13. | :18:17. | |
happy. We are getting shoved down a little hole and going on tube and | :18:18. | :18:22. | |
not doing enough exercise and once you start getting on a bike, and | :18:23. | :18:27. | |
exploring your city, you find there is wonderful things to do and you | :18:28. | :18:33. | |
get fitter, but you need a bike that is flexible. Oh, my Lord, here he | :18:34. | :18:38. | |
goes. Not looking bad. I have got the handlebars. It is meant to be | :18:39. | :18:44. | |
less than 10 seconds. This is the kind of bike we see. He is six foot | :18:45. | :18:56. | |
7! Here we go. Nearly! Very good. That is it. Yes. There is a hinge | :18:57. | :19:03. | |
that you have forgotten to clamp, so you will probably fall off. But now | :19:04. | :19:08. | |
you're ready to go. How much research and development went into | :19:09. | :19:12. | |
this? A lot of work is involved to get it to this stage and once you | :19:13. | :19:17. | |
have that design you can replicate it around the world. To a point, the | :19:18. | :19:26. | |
bike is different to what Andrew built, but the design has changed. | :19:27. | :19:31. | |
If you look at great iconic design, the design doesn't change, but | :19:32. | :19:38. | |
material, science, engineering allows us to optimise it. It is | :19:39. | :19:46. | |
lighter and more efficient. The original design is still there. Yes. | :19:47. | :19:51. | |
That is what makes it so poop you already. -- popular. But the last | :19:52. | :19:58. | |
year, you didn't sell as many and your profits fell yet, you're | :19:59. | :20:04. | |
investing in a massive way on further expansion and new ideas for | :20:05. | :20:09. | |
the bike becoming an electric version. Just talk us through that. | :20:10. | :20:14. | |
There is a worry that you're investing a lot, spending a lot when | :20:15. | :20:22. | |
you're getting less in. We have grown for the last three to five | :20:23. | :20:27. | |
years, but we are investing for the future. There are two main strands. | :20:28. | :20:32. | |
One is that in northern Europe in particular there is a movement in | :20:33. | :20:39. | |
the urban area to electric. They're not motor cycles, most of the time | :20:40. | :20:46. | |
it does nothing and it you hit Notting Hill as it gives you help. | :20:47. | :20:53. | |
You don't sweat. Now the image, you mentioned Notting Hill. It is a | :20:54. | :20:57. | |
feeling that it is a very London bike. BBC manager bike! It featured | :20:58. | :21:04. | |
in that spoof doctmentry. -- documentary. How do you deal with | :21:05. | :21:13. | |
that image, it is expensive and used in cities. We want to make a product | :21:14. | :21:19. | |
that works. Doesn't work just the day you buy it, by five, ten, 15 | :21:20. | :21:25. | |
years later. We are not spending millions nurturing our image. We | :21:26. | :21:29. | |
just make a flipping good product. If it works it will be useful for | :21:30. | :21:36. | |
this, that and the other person. In most major cities, it is very | :21:37. | :21:42. | |
dangerous to get on a bicycle. Well it isn't. Well it is, I know people | :21:43. | :21:46. | |
who have been knocked off. But we know people who have had accidents | :21:47. | :21:50. | |
in their cars. The perception is worse than the reality. If you talk | :21:51. | :21:55. | |
to people about burglaries and all sorts of things, they think it is | :21:56. | :21:59. | |
worse than it is, BP it is getting better. In London safety is going | :22:00. | :22:04. | |
up, because more people are cycling. It has been a pleasure to have you | :22:05. | :22:07. | |
on the programme. Is that your bike? Yes. And my aim is not to break it. | :22:08. | :22:15. | |
I'm feeling smug I did that, people say it is difficult to put up and | :22:16. | :22:21. | |
you see people struggling with them. Less than #10shgs maybe 15 seconds, | :22:22. | :22:26. | |
I think there is a market here. Do I get a badge? Ben got that job not | :22:27. | :22:32. | |
me. It would have taking me half an hour. We have more comment on the | :22:33. | :22:37. | |
elections in the United States this morning. It is the morning after | :22:38. | :22:49. | |
super Tuesday two. Trump and Hillary Clinton boosted their chances in the | :22:50. | :22:51. | |
White House race. It's early days yet, | :22:52. | :22:56. | |
so we've not heard much yet on the economic plans | :22:57. | :22:58. | |
from the presidential hopefuls. But there has been some debate | :22:59. | :23:00. | |
about the vast powers That was a question I put | :23:01. | :23:02. | |
to Ted Roosevelt Malloch, Fellow in Management Practice | :23:03. | :23:06. | |
at the Said Business School. There is animosity on some extreme | :23:07. | :23:14. | |
sides of Republican Party and the Democratic Party about the Fed and | :23:15. | :23:17. | |
its power and control over the economy. I don't think that it is | :23:18. | :23:22. | |
very likely that one would challenge that independence. But they do | :23:23. | :23:27. | |
operate in a politicised environment and it is an election year I would | :23:28. | :23:38. | |
think there would be caution on part of FMOC, they won't be moving | :23:39. | :23:47. | |
quickly. Sorry we were still chatting between ousts. Mike is | :23:48. | :23:52. | |
back. To talk through some of the paper storieses. We were going to | :23:53. | :24:00. | |
talk about the budget but we have talked about it a lot. Now Forex. | :24:01. | :24:08. | |
The big inquiry that has been going on with the Serious Fraud Office no | :24:09. | :24:14. | |
longer happening. No, the challenge here and they have dropped the case | :24:15. | :24:19. | |
if they think, in the article they say, they think there is wrong-doing | :24:20. | :24:24. | |
that has been done, but they can't get enough evidence to pursue the | :24:25. | :24:30. | |
case. That is bad news. The good news is that there have been some | :24:31. | :24:34. | |
significant fines for the banking industry on that. If wrong-doing was | :24:35. | :24:40. | |
done, it is not like the banks have off got free. It will be a | :24:41. | :24:46. | |
perception issue. There is that debate among the public about | :24:47. | :24:53. | |
whether banks got off Scott free during the banking crisis. I | :24:54. | :24:58. | |
wouldn't underestimate the discussion in the city, you have the | :24:59. | :25:01. | |
Bank of England and the Government, with a massive review of market | :25:02. | :25:06. | |
behaviour led by one of deputy governors. The city is aware of it, | :25:07. | :25:13. | |
but the perception is not good. Businesses insider is looking at | :25:14. | :25:18. | |
that investors in Iran are looking to London property to add to their | :25:19. | :25:24. | |
assets. Yes as the sanctions come down, Iranian investors will want to | :25:25. | :25:27. | |
diversify and there is speculation they will put money into London. | :25:28. | :25:32. | |
That I suspect is good news if you look along the London skyline. There | :25:33. | :25:38. | |
not a shortage of property for sale. Thank you. We appreciate you coming | :25:39. | :25:47. | |
in on such a busy day. We will be following the budget. Full coverage | :25:48. | :25:51. | |
across the BBC today. We will see you soon. Goodbye. | :25:52. | :26:10. | |
For some a day of gloomy skies, but for many after a grey start, more | :26:11. | :26:18. | |
sunshine than yesterday. That sunshine comes in the wake of this | :26:19. | :26:22. | |
cold front that has | :26:23. | :26:24. |