Browse content similar to 21/11/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:08. | :00:11. | |
Will France's next President give l'economie some va va voom? | :00:12. | :00:16. | |
And will voters opt for radical change like in Britain and the US? | :00:17. | :00:19. | |
Live from London, that's our top story on Monday 21st November | :00:20. | :00:35. | |
As competition narrows to become the next President, | :00:36. | :00:41. | |
we look how the challenges facing one of Europe's biggest economies | :00:42. | :00:44. | |
could help to decide the country's next leader. | :00:45. | :00:48. | |
Also in the programme: British Prime Minister Theresa May | :00:49. | :00:53. | |
will tell business leaders she plans to keep UK's business taxes | :00:54. | :00:56. | |
But will it be enough to give British business | :00:57. | :00:59. | |
And markets look like this at the start of a new trading week. | :01:00. | :01:05. | |
We'll have the expert view on what to watch this week. | :01:06. | :01:09. | |
And we'll be getting the inside track on how augmented | :01:10. | :01:15. | |
The boss of one company tells us how it could revolutionise the way we | :01:16. | :01:27. | |
get around in the great outdoors. And what do bosses believe when you | :01:28. | :01:31. | |
have been sick? If you have taken a city, what has been your best | :01:32. | :01:43. | |
excuse? Use the hashtag and confess. There are some brilliant excuses in | :01:44. | :01:47. | |
that top ten list. The former French leader, | :01:48. | :01:52. | |
Nicolas Sarkozy, has been unexpectedly eliminated | :01:53. | :01:55. | |
from the contest to choose the centre-right candidate for next | :01:56. | :01:57. | |
year's presidential election. He finished third in a nationwide | :01:58. | :01:59. | |
vote, behind two former prime ministers, Francois | :02:00. | :02:01. | |
Fillon and Alain Juppe. They go to the final round next | :02:02. | :02:03. | |
Sunday. With France's Socialists | :02:04. | :02:08. | |
in disarray, the presidential election is expected to come down | :02:09. | :02:10. | |
to a fight between the centre-right candidate and the far-right | :02:11. | :02:13. | |
leader, Marine Le Pen. At the heart of that contest will be | :02:14. | :02:15. | |
a battle over improving the lives of France's | :02:16. | :02:18. | |
struggling working class. Last week the government | :02:19. | :02:21. | |
lowered its growth expectations for this year saying it now | :02:22. | :02:23. | |
forecasts just 1.4%. The country's independent watchdog | :02:24. | :02:31. | |
says even that figure is optimistic. Meanwhile the unemployment rate | :02:32. | :02:38. | |
remains stubbornly high at 9.7%. The former economy minister | :02:39. | :02:40. | |
Emmanuel Macron is running He's proposing ditching France's | :02:41. | :02:42. | |
35-hour working week for young people in a bid to give | :02:43. | :02:47. | |
them more experience. And another big shake-up has been | :02:48. | :02:51. | |
pitched by Marine Le Pen She wants a referendum on whether | :02:52. | :02:55. | |
France should leave the EU. Tomasz Michalski is | :02:56. | :03:03. | |
Associate Professor in Economics Welcome to the programme. First of | :03:04. | :03:18. | |
all, your reaction to that result? Nicolas Sarkozy is no longer in the | :03:19. | :03:23. | |
frame. First of all, he ran a very divisive campaign and he is not a | :03:24. | :03:26. | |
very beloved figure, even among the right. He is remembered as the one | :03:27. | :03:37. | |
that did not conduct necessary procedures when he was in charge and | :03:38. | :03:42. | |
he had a catastrophic foreign policy. On security grounds, he | :03:43. | :03:45. | |
contracted the police force, which sowed the seeds for some attacks | :03:46. | :03:51. | |
that were witnessed afterwards. That is what many people believe. Talking | :03:52. | :03:57. | |
through those that are still in the frame, Alain Juppe, Francois Fillon, | :03:58. | :04:01. | |
Emmanuel Macron and Marine Le Pen, of course. Give us your take on what | :04:02. | :04:05. | |
these candidates will be saying about the French economy and how | :04:06. | :04:09. | |
important it will be in the spring next year. First of all, the first | :04:10. | :04:16. | |
three that you mentioned, they want to reform the system to different | :04:17. | :04:24. | |
degrees. The most credible the two because they have popular support | :04:25. | :04:27. | |
and representation in the Parliament are Alain Juppe and Francois Fillon. | :04:28. | :04:31. | |
They are both suggest the wide-ranging tax and social security | :04:32. | :04:36. | |
reform, raising the retirement age, and reducing the expenditure of the | :04:37. | :04:41. | |
government by 5% of GDP. And they are paying for this by various other | :04:42. | :04:46. | |
cuts, for example in the number of public servants. On the other hand, | :04:47. | :04:55. | |
the project of Marine Le Pen is really... I doubt that there is | :04:56. | :04:57. | |
anything that can help the French anything that can help the French | :04:58. | :05:02. | |
economy. It calls for abandoning the Euro, increasing tariff rates, | :05:03. | :05:06. | |
basically reversing globalisation, coming back to the good old 70s, | :05:07. | :05:14. | |
which are gone. From your point of view, do you think there is this | :05:15. | :05:17. | |
antiestablishment feeling in France to the degree that we have seen in | :05:18. | :05:24. | |
the UK and the United States? It has definitely been simmering but the | :05:25. | :05:31. | |
successful candidate, Francois Fillon, he rode this tide, taking | :05:32. | :05:34. | |
very strong positions on immigration and on Islam in recent weeks. That | :05:35. | :05:42. | |
probably put him ahead of Alain Juppe in the last days of the | :05:43. | :05:49. | |
contest in the Republican primary. His success doesn't mean that the | :05:50. | :05:57. | |
French are suddenly embracing the free market reforms espoused by | :05:58. | :06:02. | |
Francois Fillon, but the position of Nicolas Sarkozy in 2007 and now | :06:03. | :06:07. | |
Francois Fillon, which they hope to use to their favour and therefore | :06:08. | :06:13. | |
depressed the national front, -- depressed the national front vote | :06:14. | :06:18. | |
outcome will stop thank you very much. | :06:19. | :06:23. | |
This morning, Theresa May will tell business leaders she plans to keep | :06:24. | :06:33. | |
UK corporation tax at the lowest rate of the group of 20 | :06:34. | :06:35. | |
The Prime Minister will also pledge an extra ?2bn, roughly $2.5bn, | :06:36. | :06:46. | |
a year into funding for scientific research and development by 2020. | :06:47. | :06:48. | |
Mrs May's speech to the Confederation of British Industry | :06:49. | :06:52. | |
in London comes two days before the government delivers its first | :06:53. | :06:54. | |
post-EU referendum budget, in the form of the Autumn Statement. | :06:55. | :07:04. | |
Facebook says it will expand its presence in the UK by 50 per | :07:05. | :07:07. | |
cent when it opens its new London headquarters next year. | :07:08. | :07:09. | |
It will hire 500 additional employees, including engineers, | :07:10. | :07:11. | |
marketers, project managers and sales staff. | :07:12. | :07:13. | |
There has been speculation following the UK referendum vote | :07:14. | :07:17. | |
to leave the EU that international companies may reconsider investing | :07:18. | :07:20. | |
Bernie Ecclestone, the chief executive of Formula One, has | :07:21. | :07:29. | |
suggested to German media that the authorities in Singapore | :07:30. | :07:33. | |
may look at dropping the F1's only night race, | :07:34. | :07:35. | |
when the hosting contract ends next year. | :07:36. | :07:38. | |
This year's F1 race in Singapore attracted the lowest | :07:39. | :07:40. | |
number of ticket sales since it was first launched | :07:41. | :07:43. | |
We wanted to take you to the Business Live page but we are having | :07:44. | :07:55. | |
a technical problem this morning. We can show it to you this way. This is | :07:56. | :08:02. | |
news from Greg Clark, all related to what we are expecting to hear in the | :08:03. | :08:06. | |
Autumn Statement on Wednesday. The Autumn Statement, you may know, is | :08:07. | :08:09. | |
the first tax and spending plans that we will hear from the new | :08:10. | :08:13. | |
Chancellor Philip Hammond when he takes to his feet on Wednesday. Ray | :08:14. | :08:18. | |
Clark is the Business Secretary. He is talking about the various stories | :08:19. | :08:23. | |
out there. -- Greg Clark. We will talk about that in more detail later | :08:24. | :08:27. | |
when we are joined by James. But first let's focus on the | :08:28. | :08:32. | |
Asia-Pacific region. They have closed their annual summit in Peru, | :08:33. | :08:33. | |
pledging to support global trade. But the conference was | :08:34. | :08:37. | |
overshadowed by fears the Trans Pacific Partnership trade | :08:38. | :08:40. | |
deal may not have a future Nice to see you. So much to discuss | :08:41. | :08:53. | |
there. Talk us through some of the key points. Remember, the | :08:54. | :09:00. | |
Asia-Pacific economic cooperation has always been for trade | :09:01. | :09:05. | |
liberalisation. They have a long-term goal to take the 21 nation | :09:06. | :09:10. | |
bloc to a free-trade zone including all of them. At the end of the two | :09:11. | :09:14. | |
day meeting the communiqu was to vow to keep trade borders open and | :09:15. | :09:18. | |
to fight protectionism, but really the media issue was what will happen | :09:19. | :09:24. | |
to the Obama backed transpacific partnership? Now that Donald Trump | :09:25. | :09:28. | |
is the US President elect he has talked about killing the deal which | :09:29. | :09:32. | |
is to be ratified by ComRes in the US, despite no support from the | :09:33. | :09:39. | |
incoming administration, some think it could go through. -- ratified by | :09:40. | :09:45. | |
Congress in the US. A modified version might still be possible. | :09:46. | :09:56. | |
Whatever is certain, whatever happens, China is standing by with a | :09:57. | :10:02. | |
trade deal for Asia, the regional comprehensive partnership. We will | :10:03. | :10:05. | |
watch that closely. Thank you for explaining it. It is a very | :10:06. | :10:08. | |
important issue for trade in the region and we will watch it closely. | :10:09. | :10:13. | |
Shares in Tokyo rose to a fresh 10-month high at the start | :10:14. | :10:16. | |
of a new week as the dollar soared against the yen on expectations | :10:17. | :10:19. | |
the Federal Reserve will hike interest rates next month. | :10:20. | :10:21. | |
In Europe, the numbers look like this. | :10:22. | :10:27. | |
This could be the start of another week where politics will dominate | :10:28. | :10:33. | |
proceedings. There will be more discussion over the President-elect | :10:34. | :10:36. | |
and what his Cabinet would mean and the French elections we have been | :10:37. | :10:41. | |
discussing and also the tax and spending plans from a new | :10:42. | :10:44. | |
Chancellor. We will talk about that in a moment but first let's get the | :10:45. | :10:48. | |
details about the day ahead on Wall Street. Thursday marks thanks giving | :10:49. | :10:53. | |
in the US, where family and friends gather, share a meal and share time | :10:54. | :10:57. | |
together. The day after Thanksgiving is Black Friday, the retail event of | :10:58. | :11:04. | |
the year. It is the time that traditionally kicks off the holiday | :11:05. | :11:08. | |
shopping season. But that comes at the end of the week. Before then, | :11:09. | :11:15. | |
Fed watchers will get a little gift in the form of minutes from the | :11:16. | :11:19. | |
policy reserve meeting. And also a Norman Rockwell painting depicting | :11:20. | :11:27. | |
an undecided voter during the 1944 presidential election between | :11:28. | :11:32. | |
Franklin Roosevelt and Republican candidate Thomas Dewey. That | :11:33. | :11:38. | |
painting is up for auction and it is called Which One? And Decided Man In | :11:39. | :11:44. | |
Voting Booth. And it has an estimate of $4 million. And I mentioned James | :11:45. | :11:55. | |
and here he is. How are you? I am magnificent. I am not crying off | :11:56. | :12:02. | |
today. No sickie pulled by James! Keep your text messages coming in on | :12:03. | :12:06. | |
that. Some good ones so far. What are you watching? In the UK we are | :12:07. | :12:11. | |
assessed with the Autumn Statement on Wednesday and we have got Theresa | :12:12. | :12:15. | |
May speaking at the CBI today. Absolutely and we have market | :12:16. | :12:19. | |
economies that have got to be focused onto element and | :12:20. | :12:23. | |
improvement. It is all very well to talk about growth but in a world | :12:24. | :12:26. | |
with shrinking populations and real challenges between the balance | :12:27. | :12:29. | |
between manufacturing and services, we have got to put economies on the | :12:30. | :12:33. | |
right path to greater prosperity. I do think Philip Hammond and Mrs May | :12:34. | :12:37. | |
will want to take the opportunity to try to set an agenda for forward | :12:38. | :12:41. | |
growth. We have talked about this a lot but central banks are running | :12:42. | :12:46. | |
out of options to kick-start growth. Are they passing this back to | :12:47. | :12:49. | |
government policy to kick-start growth? They have run out of | :12:50. | :12:55. | |
reducing interest rates and printing money. It was always wrong to assume | :12:56. | :12:58. | |
central banks can do anything other than push on a piece of string. | :12:59. | :13:03. | |
Monetary policy was always necessary but not sufficient to generate | :13:04. | :13:07. | |
growth. We need two initiatives, including fiscal support to get the | :13:08. | :13:11. | |
economy moving again with extra spending, but given the high levels | :13:12. | :13:14. | |
of government debt, we actually need the private sector to take up the | :13:15. | :13:19. | |
running. For that we need better infrastructure, good quality | :13:20. | :13:21. | |
education, both long-term investments, and a reduction in the | :13:22. | :13:25. | |
regulation and red tape that holds up businesses from creating wealth. | :13:26. | :13:31. | |
Will they deliver this week? I think we will see the first signs that the | :13:32. | :13:35. | |
government is focused on trying to engineer a longer-term solution to | :13:36. | :13:38. | |
the problems in the British economy. James Wilby back. Thank you. For now | :13:39. | :13:45. | |
he has got to respond to the sickie story. Theresa May will speak at the | :13:46. | :13:50. | |
CBI conference in exactly an hour from now, 9:45am local time, and | :13:51. | :13:54. | |
there will be full coverage from the BBC on that. Still to come: We will | :13:55. | :13:59. | |
be meeting the firm rethinking the way we get around. The boss of this | :14:00. | :14:04. | |
award-winning navigation firm will tell us why we will never look at | :14:05. | :14:08. | |
the map in the same way again. This is Business Live from BBC News. More | :14:09. | :14:15. | |
on that speech coming shortly from Theresa May one. She is at the CBI | :14:16. | :14:21. | |
annual conference today. And as well as that tax story we have been | :14:22. | :14:26. | |
talking about, expecting her to announce ?2 billion for science | :14:27. | :14:28. | |
funding, in a bid to convince business leaders that the UK is open | :14:29. | :14:32. | |
for business. She will face a sceptical audience of course and | :14:33. | :14:35. | |
delegates at the conference are likely to want more clarity on the | :14:36. | :14:39. | |
government's Brexit plans. Also their tone when it comes to big | :14:40. | :14:43. | |
business. Simon is at the conference for us, our business editor. It is a | :14:44. | :14:49. | |
tricky audience for her. It will be interesting to hear what she has got | :14:50. | :14:50. | |
to say. Well she rattled a few cages when | :14:51. | :14:59. | |
she called out bad behaviour and made thinly veiled reference to say | :15:00. | :15:03. | |
certain business leaders. What she is going to say is listen, there is | :15:04. | :15:06. | |
the bargain on the table here. I will make the UK a good place to do | :15:07. | :15:12. | |
business. A new commitment to keeping taxes low and small research | :15:13. | :15:17. | |
and development spending that ?2 billion that she will mention today. | :15:18. | :15:27. | |
Call out bad corporate behave yor and don't pay yourself too much. | :15:28. | :15:32. | |
Worker representations on board and things like that, but the other | :15:33. | :15:36. | |
thing that's hard to reconcile she is going around the world to say we | :15:37. | :15:40. | |
want to be a champion for international trade. That was the | :15:41. | :15:45. | |
problem. You saw that in the referendum in the UK and the | :15:46. | :15:49. | |
election result in the US. To resolve that conflict you need a | :15:50. | :15:56. | |
conventionalist industrial strategy. So the Government is saying we are | :15:57. | :16:00. | |
not going to step back and let you get on with it, we are going to step | :16:01. | :16:05. | |
up and make sure we give you the tools to do your job, but you have | :16:06. | :16:09. | |
to behave yourself in return. That speech will be live on BBC News | :16:10. | :16:14. | |
Channel when she does take to the stage at the CBI conference. That's | :16:15. | :16:15. | |
the Prime Minister, of course. A stoiyard from Bonmarche. It is | :16:16. | :16:30. | |
going to target women and it has come up with model customers, Susan, | :16:31. | :16:37. | |
Linda, Margaret and Joan and it will favour Lisa instead. It is ditching | :16:38. | :16:44. | |
the rest and going for Lisa! Not a Sally in sight! | :16:45. | :16:50. | |
Our top story, two former prime ministers in France will face each | :16:51. | :16:59. | |
other in a run-off election to decide who will be | :17:00. | :17:02. | |
the centre-right candidate in next year's presidential election. | :17:03. | :17:03. | |
They are Francois Fillon and Alain Juppe came first | :17:04. | :17:06. | |
and second in the first round of the presidential primary | :17:07. | :17:08. | |
We shall be covering that, the general election in the spring of | :17:09. | :17:16. | |
next year. Election fever everywhere. | :17:17. | :17:17. | |
A quick look at how markets are faring. | :17:18. | :17:22. | |
The FTSE 100 up a quarter of one percent. | :17:23. | :17:33. | |
You might have heard of augmented reality, | :17:34. | :17:36. | |
not least because of the Pokemon Go craze. | :17:37. | :17:38. | |
It's a mix of real life settings with computer generated elements. | :17:39. | :17:42. | |
But it's not just confined to games as our next guest can explain. | :17:43. | :17:46. | |
ViewRanger is a GPS company mapping app which provides users | :17:47. | :17:48. | |
with directions by superimposing information onto the image captured | :17:49. | :17:50. | |
The software currently covers around 80% of the globe and is used | :17:51. | :18:00. | |
by over three million users including search and rescue teams. | :18:01. | :18:07. | |
The app is free to download, though users can pay | :18:08. | :18:09. | |
Many of the maps are Ordnance Survey maps. That's the kind of map that | :18:10. | :18:21. | |
you will see on your device. Craig Wareham is CEO | :18:22. | :18:23. | |
and co-founder of ViewRanger. Good morning, Craig. Good morning. | :18:24. | :18:32. | |
You were showing me this app on various devices to sort of have a | :18:33. | :18:37. | |
sense of how it works. I was saying, being someone who tries to use | :18:38. | :18:41. | |
Ordnance Survey maps and sometimes it is successful and the fact that | :18:42. | :18:44. | |
there is one there on a device which will show me where I am an the map | :18:45. | :18:48. | |
is a huge benefit. Normally I have no idea where you are! That's the | :18:49. | :18:52. | |
beauty of using those kind of maps on the digital device is it can | :18:53. | :18:56. | |
instantly show you where you are so you know where you are, you know | :18:57. | :18:59. | |
where you're going. You know which mountain is in front of you. That's | :19:00. | :19:04. | |
what we're doing with the augmented reality, you can hold up your camera | :19:05. | :19:09. | |
phone and it automatically labels the hills and the lakes around you. | :19:10. | :19:12. | |
It answers that age old question of what is that hill over there? Is | :19:13. | :19:17. | |
that Ben Nevis or not? Well, exactly. It is about making the | :19:18. | :19:21. | |
outdoor trips more engaging and more interesting. It is about the | :19:22. | :19:25. | |
experience of going outdoors. How does this vary from Google Maps or | :19:26. | :19:29. | |
Apple Maps that can pinpoint where you are and tell you when you turn | :19:30. | :19:34. | |
around with a compass what you're looking at. Tell me the difference. | :19:35. | :19:45. | |
So we're targeted and we're focussed on the outdoor recognise rational | :19:46. | :19:49. | |
experience. Hopefully inspire you where you want to go, giving you | :19:50. | :19:57. | |
good navigation which is where the maps and skyline augmented reality | :19:58. | :20:04. | |
come in. Who is this aimed at? Is this for recreational users or | :20:05. | :20:07. | |
search and rescue teams who use it? Our users are spread across both of | :20:08. | :20:14. | |
those. We started as very map focussed and targeting the | :20:15. | :20:18. | |
enthusiast and the search and rescue teams have adopted it widely, but | :20:19. | :20:22. | |
just as the outdoor market is shifting to be about this active | :20:23. | :20:27. | |
outdoor lifestyle, you know, we are seeing that represented in our | :20:28. | :20:31. | |
community as well, and you know, this is a mainstream activity. | :20:32. | :20:35. | |
People go walking. People go hiking and people go cycling around the | :20:36. | :20:39. | |
world. A huge boost for your boost was in September when Apple had its | :20:40. | :20:42. | |
big launch event and you were there, you were part of it. Launched this | :20:43. | :20:48. | |
as a part of the Watch, as a part of its new devices, but you're on | :20:49. | :20:51. | |
android as well. How important was that moment? Presumably for a | :20:52. | :20:55. | |
company that I had not heard of, it was a big deal? It was a unique | :20:56. | :20:58. | |
experience, yes. An exciting experience. So we were invited to go | :20:59. | :21:04. | |
on stage as part of the Apple Watch launch and demonstrate our app on | :21:05. | :21:09. | |
the Apple Watch. I have been told we are the only UK company to have been | :21:10. | :21:13. | |
on stage with Apple in that situation. And you know, it is a | :21:14. | :21:18. | |
huge worldwide audience for us, great exposure and of course, we | :21:19. | :21:21. | |
have seen our community grow rapidly. That's important because | :21:22. | :21:25. | |
there is so many mapping apps out there? There are few that are doing | :21:26. | :21:31. | |
what we do and doing it on a global stage, but it was a fantastic | :21:32. | :21:34. | |
opportunity. What do you want to hear from the Chancellor on | :21:35. | :21:37. | |
Wednesday as far as tech business in the UK is concerned? More funding | :21:38. | :21:42. | |
support and bringing through better educated students. Wonderful. Thank | :21:43. | :21:47. | |
you. Really nice to see you, Craig. Best of luck with it. | :21:48. | :21:55. | |
It derided as "the worst" when Japanese start up | :21:56. | :21:57. | |
Seven Dreamers revealed a laundry folding machine at least | :21:58. | :22:01. | |
Some critics called it ridiculous, frivolous, and a waste | :22:02. | :22:05. | |
But Panasonic clearly think otherwise - they've invested | :22:06. | :22:08. | |
How about the laundroid, a robot that folds your laundry? | :22:09. | :22:23. | |
Apparently we can save 375 days over a lifetime by not having | :22:24. | :22:29. | |
So laundroid here can recognise the shape of the garment | :22:30. | :22:37. | |
This sleek wardrobe-sized carbon-fibre casing hides | :22:38. | :22:48. | |
The company says the clever bit is using image analysis | :22:49. | :22:53. | |
to recognise whether you've shoved in a sock or a shirt. | :22:54. | :22:58. | |
Then once laundroid knows what it's working with, | :22:59. | :23:00. | |
it can concentrate on the gentle art of folding! | :23:01. | :23:07. | |
Whatever it's doing, it's very quiet. | :23:08. | :23:22. | |
Would you use that machine? I wish I did. It looks impressive. Do you | :23:23. | :23:29. | |
iron your own shirts, James snr Nouf say no. The best excuses for calling | :23:30. | :23:35. | |
in sick according to your boss. They have gone through the excuses that | :23:36. | :23:39. | |
came in and compiled a list of the ones most feasible and most | :23:40. | :23:45. | |
reasonable and most believable. 42% of bosses think that flu is a good | :23:46. | :23:52. | |
reason to skip work. Flu, back pain. Migraine is high up there. Simon | :23:53. | :23:58. | |
says, "Someone I work with said they had a broken leg. They e-mailed in | :23:59. | :24:06. | |
an x-ray of the broken leg." But we searched online and found an image | :24:07. | :24:11. | |
of the broken leg. I imagine with a broken leg, that's some excuse. You | :24:12. | :24:15. | |
have got weeks in plaster pretending when it is broken and it is not. You | :24:16. | :24:21. | |
have got to be on a real trip of self indulgence to play that one! | :24:22. | :24:29. | |
James, let's look at some other stories. There is another story | :24:30. | :24:35. | |
about the French economy. The French hamburger, should I say. What are | :24:36. | :24:42. | |
they doing to make it more... There is a major divide between fast-food | :24:43. | :24:46. | |
and proper restaurant food and because many people grow up eating | :24:47. | :24:49. | |
fast-food, they want to go to a restaurant where there is something | :24:50. | :24:52. | |
that is similar to what they are used to and there have always been | :24:53. | :24:56. | |
up market hamburgers and the French are saying we're going to get more | :24:57. | :25:00. | |
customers if we play the game that the customer likes and instead of | :25:01. | :25:03. | |
having extraordinary things, we will give them a burger and it will be an | :25:04. | :25:12. | |
up market burger. It is also about competing with the more up market | :25:13. | :25:17. | |
chains. It is about the quite nearby and specific burger places that | :25:18. | :25:21. | |
charge a fortune just for a burger? And foot fall is high and people | :25:22. | :25:25. | |
want them. There you have it. France getting on board as it were. We have | :25:26. | :25:31. | |
a quick comment from you about the week on the markets. We've got that | :25:32. | :25:35. | |
statement on Wednesday. We have got Theresa May speaking today. How will | :25:36. | :25:39. | |
the UK markets fair this week, do you think? The markets are going to | :25:40. | :25:45. | |
be very focussed on not just the UK domestic agenda for trying to | :25:46. | :25:47. | |
generate growth, but also what is coming out of the United States | :25:48. | :25:50. | |
because we are clearly looking forward to hearing more of Mr Trump | :25:51. | :25:54. | |
he is agenda. We have the Federal Reserve on 14th December and that | :25:55. | :25:57. | |
will be a huge focus. Thank you James for coming in. I appreciate | :25:58. | :26:04. | |
it. We've never called in sick. Bye-bye. | :26:05. | :26:15. | |
Good morning, well, it is a hard frost at | :26:16. | :26:16. |