Browse content similar to 22/11/2016. Check below for episodes and series from the same categories and more!
Line | From | To | |
---|---|---|---|
This is Business Live from BBC News, with Rachel Horne and Sally Bundock. | :00:00. | :00:08. | |
Britain's Brexit Minister meets with the European Parliament's chief | :00:09. | :00:11. | |
negotiator in the next few hours, but will they see eye to eye? | :00:12. | :00:15. | |
Live from London, that's our top story on Tuesday 22nd November. | :00:16. | :00:35. | |
The EU says no single market without free movement of people, | :00:36. | :00:38. | |
but the UK says other countries have access without this | :00:39. | :00:42. | |
Also in the programme, Trump trashes TPP. | :00:43. | :00:47. | |
After seven years of painstaking negotiations the US President-elect | :00:48. | :00:52. | |
says he will quit the deal on his first day in office. | :00:53. | :00:56. | |
And, what is the butterfly kite mark, and is it making a difference? | :00:57. | :01:01. | |
Asian stocks are up, all for American markets hit highs | :01:02. | :01:08. | |
yesterday, and in Europe they following the global rally. | :01:09. | :01:11. | |
And, what is the butterfly kite mark, and is it making a difference? | :01:12. | :01:14. | |
That's a conversation we'll be having with its creator. | :01:15. | :01:16. | |
The aim is to give high-end brands a social seal of approval. | :01:17. | :01:20. | |
And today we want to know, have you got an appetite | :01:21. | :01:22. | |
Apparently, this is the answer to the global food shortage | :01:23. | :01:27. | |
Get in touch, just use the hashtag #BBCBizLive. | :01:28. | :01:43. | |
It may not be a boxing match but there's no doubt that those | :01:44. | :01:48. | |
involved in the upcoming Brexit negotiations will come out swinging, | :01:49. | :01:53. | |
as both sides look to get the best-possible deal. | :01:54. | :01:56. | |
In the next few hours the UK's Brexit Secretary David Davis, this | :01:57. | :02:00. | |
guy, will meet with his counterpart, Guy Verhofstadt, and both gentlemen | :02:01. | :02:05. | |
Mr Verhofstadt has said that if the UK wants to remain part | :02:06. | :02:10. | |
of the single market, it will have to accept the free | :02:11. | :02:13. | |
But Mr Davis says that about 40 countries have some sort | :02:14. | :02:17. | |
of free-trade agreement with Europe without a deal on migration | :02:18. | :02:22. | |
If a deal can't be done before the UK leaves the EU, | :02:23. | :02:28. | |
and it's a distinct possibility, the UK would trade with the bloc | :02:29. | :02:31. | |
under World Trade Organisation rules, pending a possible | :02:32. | :02:35. | |
Andrew Walker, our economics correspondent, is here. | :02:36. | :02:50. | |
It is interesting, David Davis is doing the rounds, speaking to the | :02:51. | :02:58. | |
European Commission's negotiated yesterday, now the European | :02:59. | :03:02. | |
Parliament's negotiator. The parliament does matter, the famous | :03:03. | :03:06. | |
article 50, which has not been triggered yet, does say that any | :03:07. | :03:10. | |
agreement that is reached between the exiting country and the rest of | :03:11. | :03:15. | |
the EU has to be agreed by the member states, by a majority, but it | :03:16. | :03:22. | |
first needs to have the consent of the European Parliament, so if there | :03:23. | :03:26. | |
is going to be an Article 50 agreement, the people that the | :03:27. | :03:31. | |
European Parliament is representing have to give their consent. When the | :03:32. | :03:37. | |
EU appointed him, Nigel Farage was very forthright in his opinions on | :03:38. | :03:41. | |
how that will go, he said the EU has declared war on negotiations. He is | :03:42. | :03:47. | |
very much from the federal and of the spectrum on political views | :03:48. | :03:53. | |
former Belgian Prime Minister, he former Belgian Prime Minister, he | :03:54. | :04:00. | |
would like to see deeper you reap -- European integration. It is expected | :04:01. | :04:06. | |
to be prickly, tellers about the background. David Davis has | :04:07. | :04:16. | |
expressed some strong views about Shifa Hospital out, he is alleged to | :04:17. | :04:20. | |
have said in the past, get behind me, Satan, when his name was | :04:21. | :04:28. | |
mentioned. He himself has set out red lines about his views about | :04:29. | :04:32. | |
where the negotiation should go. No full access to the European single | :04:33. | :04:38. | |
market without some sort of corresponding free movement of | :04:39. | :04:44. | |
people to work across in the UK and the EU. It is true there are | :04:45. | :04:47. | |
countries that have substantial access to the EU single market | :04:48. | :04:52. | |
without the agreement, but it is not the degree of full barrier free | :04:53. | :04:58. | |
access that you have if you are a member. Like all of these | :04:59. | :05:04. | |
discussions, we are not going to know what has been said, we are just | :05:05. | :05:10. | |
going to get the party line after the private discussion. Yes, and the | :05:11. | :05:17. | |
view coming from big Europeans has been not any informal negotiations | :05:18. | :05:22. | |
before the triggering of article 50 takes Place, so no doubt they will | :05:23. | :05:29. | |
be exchanging views, but they will say, no, we have not been | :05:30. | :05:33. | |
negotiating as such. A lot more on that on our website. Nigel Farage | :05:34. | :05:41. | |
was going to be our guest, but he perhaps had other things to do, a | :05:42. | :05:42. | |
call from the US, perhaps. South Korea's troubled shipping firm | :05:43. | :05:44. | |
Hanjin will sell part of its container-ship business | :05:45. | :05:48. | |
to Korea Line in a $31 million deal. Korea Line will take over Hanjin's | :05:49. | :05:51. | |
operations in seven countries, In those markets, the new owner | :05:52. | :05:54. | |
will manage the shipping routes as well as assets and manpower | :05:55. | :05:59. | |
related to Hanjin's Brazil's government has | :06:00. | :06:02. | |
cut its economic growth forecast for next year | :06:03. | :06:07. | |
to 1%, from 1.6%. It also says the economy | :06:08. | :06:12. | |
will contract this year by 3.5%, The news echoes recent market | :06:13. | :06:16. | |
pessimism as the country struggles to exit its worst | :06:17. | :06:21. | |
recession in decades. Britain's Finance Minister Philip | :06:22. | :06:27. | |
Hammond is expected to announce a $500 million investment | :06:28. | :06:29. | |
into fibre broadband. He's due to say that the UK must | :06:30. | :06:33. | |
move towards providing fibre Currently, only 2% of the UK has | :06:34. | :06:36. | |
access to fibre internet. As we have just been discussing, | :06:37. | :06:56. | |
President-elect Donald Trump says the US will quit | :06:57. | :07:03. | |
the Trans-Pacific Partnership trade deal on his first | :07:04. | :07:04. | |
day in the White House. What has been the reaction? Only | :07:05. | :07:18. | |
yesterday Asian leaders agreed that they would continue pursuing | :07:19. | :07:24. | |
free-trade and the TPP, which would lower trade and investment barriers | :07:25. | :07:27. | |
among the countries come which account for 40% of the global GDP, | :07:28. | :07:32. | |
but now, without the United States, Japan is seen as the catalyst for | :07:33. | :07:37. | |
the TPP, but even the Japanese Prime Minister says that it is meaningless | :07:38. | :07:42. | |
without America, so the fate is somewhat uncertain. We have been | :07:43. | :07:46. | |
speaking to some governments in the region, seeking statements, and the | :07:47. | :07:53. | |
rest of the TPP nations, 11 countries, will continue issuing it, | :07:54. | :07:56. | |
in a hope that America will change its mind at one point all stop the | :07:57. | :08:03. | |
TPP is no longer what it could have been, but Asian nations would still | :08:04. | :08:08. | |
consider pursuing it. It will be interesting to see what is going | :08:09. | :08:11. | |
through the minds of those in China, they were not a part of TPP, perhaps | :08:12. | :08:17. | |
they feel they are winning as a side bar in this story. Indeed. Many | :08:18. | :08:22. | |
analysts seem to think that China is the winner in this case. As you | :08:23. | :08:30. | |
mentioned, China is not part of TPP. It was Barack Obama's way of saying | :08:31. | :08:33. | |
that America remains the leader in the region. Now, if Donald Trump | :08:34. | :08:40. | |
does scrap joining the TPP, does it mean that China could fill that gap? | :08:41. | :08:46. | |
Some are sceptical, because some leaders in the region are quite | :08:47. | :08:51. | |
concerned about China's export machine, but it has been issuing its | :08:52. | :08:54. | |
own free-trade deal, and it appears that it is winning quite a bit in | :08:55. | :08:56. | |
this deal. Markets in Asia climbed | :08:57. | :08:59. | |
for a second day following big gains on Wall Street, | :09:00. | :09:03. | |
pushed by an surge in oil, as hopes grow that Opec, | :09:04. | :09:06. | |
the Organization of the Petroleum Exporting Countries, | :09:07. | :09:09. | |
will give the green light In Europe yesterday, | :09:10. | :09:10. | |
the Ftse was flat, underperforming European markets after a jump | :09:11. | :09:23. | |
in the value of sterling. All of the European market up by | :09:24. | :09:32. | |
similar percentage points. Some individual stocks worth noting, | :09:33. | :09:45. | |
including HP, with demand for its printers weaker against a backdrop | :09:46. | :09:49. | |
of a shrinking PC market, the technology company is expanded to | :09:50. | :09:52. | |
report a drop in its fourth-quarter revenue. America's biggest discount | :09:53. | :09:57. | |
store dollar tree will turn in its results for the third quarter. Back | :09:58. | :10:02. | |
in August they already scaled back their full year sales forecast. | :10:03. | :10:05. | |
Joining us now is Nandini Ramakrishnan, global market | :10:06. | :10:07. | |
strategist at JP Morgan Asset Management. | :10:08. | :10:18. | |
Talk us through the oil price, the spike in oil, it is affecting | :10:19. | :10:26. | |
markets all over the world, in anticipation of the Vienna meeting. | :10:27. | :10:30. | |
Yes, towards the end of the month, it should give us some idea if there | :10:31. | :10:35. | |
will be a cut. The past two days have been defined by an oversupply, | :10:36. | :10:39. | |
producers producing as much as they can to gain market share, and when | :10:40. | :10:43. | |
you have oversupply, that drive the price down, so when we hear about a | :10:44. | :10:47. | |
potential cut, markets start pricing it up. I was mentioning the US | :10:48. | :10:55. | |
indices were all up yesterday following the global rally, is that | :10:56. | :11:00. | |
oil, the president elect, or a combination? Accommodation. A lot of | :11:01. | :11:08. | |
the American indices are oil or energy producers, so with a higher | :11:09. | :11:12. | |
oil price, the revenues will be higher, you have more confidence | :11:13. | :11:15. | |
that the companies will do well. You mentioned the indices in the US, | :11:16. | :11:19. | |
some include medium-sized companies, will benefit from a more | :11:20. | :11:26. | |
isolationist or closed off American political and trade situation, where | :11:27. | :11:31. | |
investors say small and medium-sized businesses are going to do better. | :11:32. | :11:37. | |
Some tech companies are doing badly. IT, telecoms, those large IT and | :11:38. | :11:44. | |
trade oriented stocks suffer when you have trade and the movement of | :11:45. | :11:50. | |
ideas and products and companies getting under the limits of a | :11:51. | :11:56. | |
potential presidential policy. You have more to discuss later, | :11:57. | :11:59. | |
including seaweed pastor. Yummy! Maybe not at this time in the | :12:00. | :12:03. | |
morning. We speak to the company that wants | :12:04. | :12:04. | |
to make sure high-end brands care as much about their employees | :12:05. | :12:09. | |
and the environment as they do You're with Business Live from BBC | :12:10. | :12:11. | |
News. A new breed of autonomous vehicles | :12:12. | :12:17. | |
are already on the road with driverless features, | :12:18. | :12:20. | |
but how should the insurance Vital to working out a claim | :12:21. | :12:22. | |
would be finding out if a car was being driven by the computer | :12:23. | :12:31. | |
at the time of an accident. British insurers want a standard set | :12:32. | :12:34. | |
of data agreed at an international level which would be | :12:35. | :12:38. | |
easily available in On an insurance-industry test | :12:39. | :12:40. | |
drive in Oxfordshire, a car which can drive itself | :12:41. | :12:48. | |
is being put through its paces. I am now switching on autopilot, | :12:49. | :12:54. | |
so the car is now driving Right now, even in a Tesla | :12:55. | :12:57. | |
or another car with self-driving features, you are not allowed | :12:58. | :13:01. | |
to take your hands off But as this kind of technology | :13:02. | :13:04. | |
becomes commonplace, all sorts of rules of the road | :13:05. | :13:09. | |
will have to change, a big challenge for drivers, | :13:10. | :13:13. | |
as well as insurers. And huge potential confusion, | :13:14. | :13:17. | |
as well, because the insurers need to know what system | :13:18. | :13:19. | |
is being fitted to what vehicle, and whether it is | :13:20. | :13:23. | |
switched on or not. When there is a crash, | :13:24. | :13:25. | |
were you driving, or was the car? In theory, in a few years' time, | :13:26. | :13:29. | |
I could be driving this car from the passenger seat, | :13:30. | :13:33. | |
letting the car take the strain. But that is going to involve big | :13:34. | :13:36. | |
changes in the law, and in the way the whole | :13:37. | :13:39. | |
insurance system works. Since Google unveiled | :13:40. | :13:44. | |
its driverless-car project, traditional car makers have raced | :13:45. | :13:46. | |
to introduce But insurers say in future cars | :13:47. | :13:48. | |
will have to record data about what happens before | :13:49. | :13:55. | |
and after every accident. We need access to a really basic set | :13:56. | :13:59. | |
of data, on the rare occasions that something goes wrong, | :14:00. | :14:03. | |
so that we can tell straightaway whether the car was driving itself | :14:04. | :14:05. | |
or whether the motorist And that will help us process | :14:06. | :14:07. | |
claims, it will help emergency services investigate accidents, | :14:08. | :14:11. | |
and it will help manufacturers In the long term, driverless cars | :14:12. | :14:13. | |
should make roads much safer. But we can expect many arguments | :14:14. | :14:20. | |
over whether the motorist or the machine is responsible | :14:21. | :14:22. | |
for an accident. Lots more on our website, take a | :14:23. | :14:39. | |
look at our page. This is one story that broke this morning, the B | :14:40. | :14:45. | |
owner reporting a boost in third-quarter trade. Driven by the | :14:46. | :14:49. | |
trader subsidiary. B doing well. Our top story, key Brexit | :14:50. | :15:07. | |
negotiators are meeting later today and both sides | :15:08. | :15:09. | |
will come out swinging. A quick look at how | :15:10. | :15:11. | |
markets are faring. The oil majors are doing well, | :15:12. | :15:19. | |
aren't they Rachel? We may get a cut in production from Opec. That's | :15:20. | :15:22. | |
pushing a global rally around the world with high markets in Asia and | :15:23. | :15:26. | |
we can see the European markets all opening up. | :15:27. | :15:31. | |
When you hear the term luxury goods what do you think of? | :15:32. | :15:35. | |
Expensive watches, the latest designer handbags or | :15:36. | :15:37. | |
What about the impact making those things has on the people | :15:38. | :15:43. | |
who put them together and the planet as a whole? | :15:44. | :15:45. | |
They are concerns that are increasingly being raised | :15:46. | :15:52. | |
in a market worth $268 billion worldwide last | :15:53. | :15:56. | |
year according to the consultancy firm, Bain. | :15:57. | :15:58. | |
Most of the profit comes back to western Europe. | :15:59. | :16:00. | |
Italy has 29 of the top 100 luxury goods companies by sales | :16:01. | :16:03. | |
They say the biggest luxury company in the world is France's | :16:04. | :16:11. | |
LVMH with sales of more than $23 billion a year. | :16:12. | :16:14. | |
It owns brands including Louis Vitton, Tag Heuer and Bulgari. | :16:15. | :16:17. | |
Some of those are amongst more than 300 brands that | :16:18. | :16:20. | |
This means they are deemed to have "a positive impact | :16:21. | :16:25. | |
It was the brainchild of Diana Verde Nieto | :16:26. | :16:31. | |
who is the co-founder and Chief Executive | :16:32. | :16:32. | |
of Positive Luxury the company which hands out the Butterfly Mark. | :16:33. | :16:39. | |
Thank you very much for coming on the programme. Where did this all | :16:40. | :16:45. | |
begin? What made you think of coming up with this idea? I used to work, | :16:46. | :16:51. | |
my first business was a sustainability communications | :16:52. | :16:54. | |
consultancy. We used to work with the brands. In that space you have a | :16:55. | :17:02. | |
lot of different certifications. You have the Fairtrade Foundation, and | :17:03. | :17:06. | |
the Soil Association, but there was nothing for luxury. Luxury is | :17:07. | :17:10. | |
aspirational and it is really what the consumer really aspire to have. | :17:11. | :17:14. | |
So I thought, it will be amazing to be able to provide, to people, | :17:15. | :17:18. | |
transparency on what luxury brands are doing and the way we do it is in | :17:19. | :17:24. | |
a holistic way. We don't focus on one area of the business, but 360, | :17:25. | :17:32. | |
we look at governance and mental frameworks and philanthropy. What's | :17:33. | :17:39. | |
the response been like? At the beginning, it is hard, but five | :17:40. | :17:44. | |
years on, it has been phenomenal and brands are willing to open up and | :17:45. | :17:48. | |
start disclosing what are the positive steps they are making. When | :17:49. | :17:54. | |
I approached the luxury, you know, high earning companies, big | :17:55. | :17:57. | |
turnovers and big revenues, when you initially approached them, how many | :17:58. | :18:01. | |
of them were able to say? Yes, we're already doing that. Open their books | :18:02. | :18:04. | |
and show you the positive things that they were doing and how many | :18:05. | :18:08. | |
did you have to change, change what they were doing and change the | :18:09. | :18:10. | |
environment for their workers? A lot. So we normally kind of reject | :18:11. | :18:19. | |
about 30% to 40% of brands because they don't meet the criteria that we | :18:20. | :18:23. | |
have for our assessment, but they're willing to do the work. So it is | :18:24. | :18:29. | |
slow. On the contrary also there a lot of the brands that were super | :18:30. | :18:32. | |
excited to really start communicating this. But I think the | :18:33. | :18:38. | |
media has an incredible role to play and to really celebrate | :18:39. | :18:41. | |
sustainability instead of every time that we talk about this, oh, a | :18:42. | :18:45. | |
brand, is in the headlines because what they haven't done instead of | :18:46. | :18:50. | |
what they have done. What's the consumers response to this? Are | :18:51. | :18:57. | |
consumers of luxury goods looking for these kind of kitemarks? For the | :18:58. | :19:05. | |
younger consume they are is a must. They don't live without. They go | :19:06. | :19:08. | |
online and really look for the information. So either the brand | :19:09. | :19:13. | |
provides it or they will find it anyway. The response of the consumer | :19:14. | :19:19. | |
has been tremendous and it is not just the luxury consumer because | :19:20. | :19:23. | |
everybody aspires to have a handbag or a watch or also the experiences, | :19:24. | :19:28. | |
it is also hold disand drinks. So everybody kind of at some point | :19:29. | :19:32. | |
really kind of tries to find out what the brand is doing. Just | :19:33. | :19:36. | |
explain how do you make money when you are doing this as a business. | :19:37. | :19:42. | |
You are providing a Kite mark for brands. You as an organisation, how | :19:43. | :19:46. | |
do you pay your bills and pay your wages? This is a consumer facing | :19:47. | :19:52. | |
Kite mark. It is really to provide transparency about what the brand is | :19:53. | :19:57. | |
doing. We licensed our technology. Our technology, sow see the | :19:58. | :20:03. | |
butterfly mark into any website that sell their products and on any | :20:04. | :20:06. | |
retailers that are selling the luxury goods or booking for example. | :20:07. | :20:11. | |
So a consumer can really see what the brands are doing. So the brands | :20:12. | :20:15. | |
have to pay you to get the technology. Is there any conflict | :20:16. | :20:19. | |
when it comes to deciding whether or not to award them the Kite mark? It | :20:20. | :20:25. | |
is easy, if they don't meet the criteria, there is not technology to | :20:26. | :20:29. | |
licence. Personally, transparency and integrity crisis is a must for | :20:30. | :20:33. | |
the business so we will never compromise on that. So you've | :20:34. | :20:40. | |
dominated luxury. What's next? Keep dominating luxury, but now globally. | :20:41. | :20:47. | |
Diana, thank you. Diana Verde Nieto. I wasn't aware of that Kite mark. We | :20:48. | :20:55. | |
will be looking out for it in future on goods. | :20:56. | :20:58. | |
In a moment we'll take a look through the Business Pages but first | :20:59. | :21:01. | |
here's a quick reminder of how to get in touch with us. | :21:02. | :21:04. | |
The Business Live page is where you can stay ahead with all the day's | :21:05. | :21:10. | |
breaking business news. We will keep you up-to-date with all the latest | :21:11. | :21:14. | |
details with insight and analysis from the BBC's team of editors right | :21:15. | :21:18. | |
around the world. And we want to hear from you too. Get involved on | :21:19. | :21:25. | |
the BBC Business Live web page at: On Twitter we are at: You can find | :21:26. | :21:34. | |
us on Facebook at BBC Business News. Business Live on TV and online | :21:35. | :21:36. | |
whenever you need to know. Let's talk about the seafood past | :21:37. | :21:55. | |
ta? Different kinds of foods that we may expect have to fill the need for | :21:56. | :22:00. | |
a growing population. The key fact is the UN says 60% of an increase is | :22:01. | :22:06. | |
needed in food supply in order to meet food needs by 2050. So I guess | :22:07. | :22:10. | |
seaweed is one of the answers to that. It is an known fact. These | :22:11. | :22:19. | |
events like the World Economic Forum, there will abside bar | :22:20. | :22:22. | |
discussion about the problem of food shortage in 2050, it will become a | :22:23. | :22:26. | |
big issue, won't it? There will have to be some innovation and rethinking | :22:27. | :22:30. | |
of our agricultural products and practises as we go forward and have | :22:31. | :22:33. | |
to support a growing and different type of population. We have got a | :22:34. | :22:36. | |
lot of tweets on this from our viewers. We have got Terry who says, | :22:37. | :22:39. | |
"I will be 85 in 2050 and I was "I will be 85 in 2050 and I was | :22:40. | :22:44. | |
going to live forever, but the thought of seafood past ta, I'm not | :22:45. | :22:48. | |
sure! " Another viewer says, "It sounds tasty." Rachel has been | :22:49. | :22:55. | |
saying yummy-yummy all morning. Alan says, "Having lived in Japan, | :22:56. | :23:03. | |
seaweed is a good idea, but I wonder what the environmental impact is? ?" | :23:04. | :23:09. | |
It is an interesting one because it is an economic and business combined | :23:10. | :23:13. | |
with environmental and agricultural issues in one theme. I'm guessing | :23:14. | :23:19. | |
2050 much more veg and much less meat. That's my guess. | :23:20. | :23:24. | |
Let's look at the other stories. We've got more than ?1 billion for | :23:25. | :23:31. | |
faster UK broadband expected in tomorrow's Autumn Statement. That's | :23:32. | :23:34. | |
happening here in the UK tomorrow where our Chancellor of the | :23:35. | :23:37. | |
Exchequer and Finance Minister Philip Hammond will be announcing | :23:38. | :23:39. | |
all sorts of things. What do you make of this story? It gives you the | :23:40. | :23:44. | |
impression that we're at the fore front, but we are way behind. It | :23:45. | :23:47. | |
does mention a couple of other countries who have faster | :23:48. | :23:50. | |
connections and better technology and the key point is for businesses | :23:51. | :23:54. | |
and for even consumers, but businesses more importantly having | :23:55. | :23:58. | |
that fast connectivity and that hi-tech infrastructure is really | :23:59. | :24:00. | |
important so we will be looking to see amongst the many details of the | :24:01. | :24:07. | |
Statement. Fibre to your home as opposed to cooper, it is faster, | :24:08. | :24:13. | |
isn't it? Much faster. They are saying it needs to be fibre all the | :24:14. | :24:18. | |
way into the home. How does that marry up with things like mobile | :24:19. | :24:24. | |
broadband or the idea is that this fibre to the roadside that we had | :24:25. | :24:27. | |
been focussing on has been leapfrogged? Is there a danger that | :24:28. | :24:31. | |
fibre to the home is going to be leapfrogged before we get there? It | :24:32. | :24:35. | |
is an interesting one. It is part of the larger infrastructure theme we | :24:36. | :24:37. | |
are looking for the statement tomorrow. It is part of the | :24:38. | :24:42. | |
technology boost that can help the UK business world. Just interesting | :24:43. | :24:44. | |
about this Autumn Statement tomorrow, of course there will be a | :24:45. | :24:48. | |
lot of announcements about lots of different measures, the idea is | :24:49. | :24:52. | |
giving the UK economy a much needed boost which will need during Brexit | :24:53. | :24:55. | |
negotiations and it is similar, isn't it, in the US with the Donald | :24:56. | :24:59. | |
Trump boost? Infrastructure projects and big spend. It seems like | :25:00. | :25:03. | |
infrastructure is the new seem. We have talked so much about monetary | :25:04. | :25:08. | |
policy and Central Bankers trying to stimulate growth in these economies, | :25:09. | :25:14. | |
is it time when we are seeing that fiscal stimulus, building roads, | :25:15. | :25:19. | |
technology that article we're talking about, it is a big theme | :25:20. | :25:22. | |
going forward and something we're looking forward to in tomorrow's | :25:23. | :25:26. | |
statement. Tomorrow, it will be roads, research and really fast | :25:27. | :25:31. | |
broadband. Sorted. She is on it tomorrow. We must keep an eye on the | :25:32. | :25:40. | |
pound as well in the next 24 hours. It has been fluctuating about the | :25:41. | :25:44. | |
support for Theresa May and it is one that will react quickly to news | :25:45. | :25:48. | |
flow. Thank you. It has been great to have you on Business Live today. | :25:49. | :25:49. | |
That's it. There will be more business news | :25:50. | :25:51. | |
throughout the day on the BBC Live webpage and on World | :25:52. | :25:56. | |
Business Report. Hello. | :25:57. | :26:11. | |
There are scores of flood warnings in place across England following | :26:12. | :26:14. | |
the last few days of wet weather extending into | :26:15. | :26:15. |