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BBC World News. Now for the latest financial news with World Business | :00:02. | :00:12. | |
:00:12. | :00:20. | ||
Windows 8 - the sequel - Microsoft back peddles on its new-look | :00:20. | :00:25. | |
operating system. A property revolution? Andalusia | :00:25. | :00:35. | |
:00:35. | :00:36. | ||
seizes hundreds of thousands of empty homes slated for repossession. | :00:36. | :00:40. | |
Welcome to World Business Report. Also in the programme - a fresh | :00:40. | :00:46. | |
round of spending cuts are expected to be announced in the UK. We'll | :00:46. | :00:50. | |
have the details. Its software powers millions of | :00:50. | :00:52. | |
computers around the world but, Microsoft's newest operating system | :00:52. | :00:58. | |
has not gone down well with users. Windows 8 with its new tablet-style | :00:58. | :01:01. | |
isn't compatible with much of the company's other software and many | :01:01. | :01:04. | |
customers say they preferred the more traditional layout of its | :01:04. | :01:11. | |
predecessor. In bid to draw a line under these problems Microsoft is | :01:11. | :01:14. | |
offering a free upgrade and will unveil version, 8.1, at its annual | :01:14. | :01:24. | |
:01:24. | :01:30. | ||
developers' conference in San Francisco today. Recognised this? | :01:30. | :01:34. | |
It is the windows start button. Microsoft got rid of that feature | :01:34. | :01:44. | |
:01:44. | :01:45. | ||
when they launched this. Windows eight - a complete redesign of the | :01:45. | :01:49. | |
operating system. Ballet to consumer demand, the Start button | :01:49. | :01:55. | |
is making a comeback. Windows eight has a look and feel of an operating | :01:55. | :01:59. | |
system you would see on a smartphone or target. Great for | :01:59. | :02:05. | |
mobile users, but a tough sell for people using desktop computers. | :02:05. | :02:10. | |
Microsoft hopes the new version will give consumers another view, | :02:10. | :02:17. | |
while still bring them in with the new. Windows XP is the bits that | :02:17. | :02:21. | |
make not supported any more. People need to upgrade. They are giving us | :02:22. | :02:26. | |
the way to do what in small enough steps that people get used to | :02:26. | :02:30. | |
bodies. There are a lot of things are really great and work a lot | :02:30. | :02:38. | |
better. We're role used to tapping on screens now. Despite we are all | :02:38. | :02:42. | |
used to. It may take a while to catch on, but some are already | :02:42. | :02:48. | |
casting doubt. One research firm is predicting four years from now, | :02:48. | :02:53. | |
Android will be the dominant operating system, Microsoft will be | :02:53. | :03:00. | |
second and Apple behind. With lusty's misstep, this is | :03:00. | :03:03. | |
Microsoft's second chance to get it right before consumers start tuning | :03:03. | :03:08. | |
them out. They say possession is nine tenths | :03:08. | :03:11. | |
of the law. The government of Spain's biggest region, Andalusia, | :03:11. | :03:16. | |
is set to seize thousands of homes. Andalusia says the empty properties | :03:16. | :03:19. | |
are, themselves, at risk of being seized by Spanish banks because the | :03:19. | :03:26. | |
owners have fallen behind with their mortgage payments. But the | :03:26. | :03:28. | |
government's decision to expropriate bank property may put | :03:28. | :03:36. | |
Spain on a head on collision with the European Commission. Tom | :03:36. | :03:43. | |
Burridge sends this report from Andalusia. This woman was due to be | :03:43. | :03:48. | |
evicted. They have started, she shuts down the phone. Then she | :03:48. | :03:55. | |
thinks the people blocking their front door. They are members of a | :03:55. | :04:00. | |
powerful protest movement. They are fighting to stop housing evictions | :04:00. | :04:05. | |
in Spain. After the property boom and bust here, record numbers of | :04:05. | :04:10. | |
people cannot pay their rent or mortgage. In the south of the | :04:10. | :04:20. | |
:04:20. | :04:21. | ||
country, things are even worse. These men have been massive work | :04:21. | :04:26. | |
for two years. They are facing eviction because they cannot pay. | :04:26. | :04:32. | |
They need help now. We cannot go one, she says. There is no money. | :04:32. | :04:40. | |
Housing repossessions are high because unemployment in this region | :04:40. | :04:45. | |
is at 37%. The regional government estimates that there are hundreds | :04:45. | :04:50. | |
of thousands of empty properties in this part of Spain. A Hanover from | :04:50. | :04:54. | |
the construction boom. The regional government has come up with a | :04:54. | :04:58. | |
controversial new law, allowing it to temporarily seized properties | :04:58. | :05:03. | |
from Spanish banks if the family living there is due to be evicted | :05:03. | :05:07. | |
because they cannot pay their mortgage to the bank. The regional | :05:07. | :05:12. | |
government says it will then pay the bank rent for the property that | :05:12. | :05:18. | |
it has seized. TRANSLATION: These laws are going to create a problem | :05:18. | :05:24. | |
with the housing market. Everything will be done legally. We will | :05:24. | :05:29. | |
create a fair market. We will have the right liquidity to make sure | :05:29. | :05:34. | |
that everyone has access to their homes. Those protesting a his | :05:34. | :05:41. | |
depictions in Spain welcome the new law. Some experts worry about the | :05:41. | :05:47. | |
impact on some already fragile Spanish banks. I think it is crazy. | :05:47. | :05:52. | |
It is not efficient. It is a dangerous way of helping people | :05:52. | :05:55. | |
that may be legitimate be in need of some kind of relief. This relief | :05:55. | :06:01. | |
should not be achieved by expropriating houses from their | :06:02. | :06:09. | |
legal owners. In this city, Lucas is unpacking. Unable to pay his | :06:09. | :06:13. | |
mortgage, he had cleared out his house. He was ready for his | :06:13. | :06:18. | |
eviction. At the last minute, the courts intervened and he had a | :06:18. | :06:23. | |
reprieve. Spain's central government has made some | :06:23. | :06:29. | |
concessions to reduce the number of for closures. In the south, this | :06:29. | :06:33. | |
government was to go further, to stop many more homes being | :06:33. | :06:38. | |
repossessed. In other news: The UK Finance | :06:38. | :06:41. | |
minister George Osborne is set to unveil a fresh round of spending | :06:41. | :06:45. | |
cuts for 2015. He is expected to cut some budgets by nearly a third | :06:45. | :06:51. | |
in a bid to save �11.5 billion. Many expect more cuts to the police, | :06:51. | :06:55. | |
defence and transport spending. But, the coalition government has | :06:56. | :06:58. | |
promised to protect the budget for the National Health Service, | :06:58. | :07:04. | |
schools and state pensions in England. The European Union's | :07:04. | :07:07. | |
biggest farms stand to lose up to 40% of their government payouts as | :07:07. | :07:12. | |
part of a deal to reduce EU spending on agriculture. At the | :07:12. | :07:15. | |
moment, the EU pays 50 billion euros a year in subsidies to | :07:15. | :07:19. | |
farmers. After weeks of negotiations, ministers have now | :07:19. | :07:22. | |
agreed to give national governments the option to limit losses to 30% | :07:22. | :07:27. | |
for big farms. But, there are still disagreements about production | :07:27. | :07:37. | |
:07:37. | :07:41. | ||
quotas for key crops like sugar. They say the only certainties in | :07:41. | :07:46. | |
life but death and collecting taxes. Collecting taxes is an uphill | :07:46. | :07:49. | |
battle for many governments. Taiwan has a unique way of getting people | :07:49. | :07:55. | |
to pay their taxes. It offers them a chance to win a National Lottery | :07:55. | :07:58. | |
for every receipt they send him. It is proving so popular that the | :07:58. | :08:03. | |
island is planning to improve the system and go pop -- paperless. Our | :08:03. | :08:09. | |
correspondent has more. Buying breakfast at a cafe. This may seem | :08:09. | :08:14. | |
like an ordinary transaction, but there is much more involved. Every | :08:14. | :08:17. | |
time it churns out a receipt, the son seen tells the government how | :08:17. | :08:22. | |
much the cafe has just earned, so we can accurately collect the taxes | :08:22. | :08:26. | |
it is due. What makes the system work is that practically every | :08:26. | :08:30. | |
customer wants a receipt. It has become an obsession for many | :08:31. | :08:36. | |
Taiwanese to collect them. Every two once, the ministry of finance | :08:36. | :08:41. | |
holds a lottery. If the numbers on the receipt match the price from, | :08:41. | :08:46. | |
they could be a chance to hit the jackpot. TRANSLATION: I get a | :08:46. | :08:50. | |
receipt for everything I buy. They give them to my favourite charity | :08:50. | :08:54. | |
because I want them to win a big prize. My son says his receipts for | :08:54. | :09:00. | |
himself because he wants to win some pocket money. Most Taiwanese | :09:00. | :09:04. | |
donate their receipts to charities, to help gen?I ? to help genAll | :09:04. | :09:07. | |
of the Taiwan there are boxes like this for people to staff receipts | :09:07. | :09:16. | |
in force of cash prizes range from $6 all the way up to $330,000. More | :09:16. | :09:22. | |
than 24 million prizes, worth a total of $245 million, were given | :09:22. | :09:27. | |
out in 2011. Officials say the system has helped increase tax | :09:28. | :09:34. | |
revenue by 59 to 75%. TRANSLATION: We implemented the system because | :09:34. | :09:39. | |
in the past some businesses were not pay taxes. We encourage the | :09:39. | :09:43. | |
public to get the seats. After they get receipts they can donate them. | :09:43. | :09:49. | |
despite despite its popularity, the system | :09:49. | :09:54. | |
does not cover the sizable cash economy. Small businesses making | :09:54. | :10:01. | |
less than $6,000 a month are not required to give a recedes. Around | :10:01. | :10:06. | |
20% of businesses here not covered by this system. They include | :10:06. | :10:14. | |
traditional markets, roadside venues auras businesses like this. | :10:14. | :10:20. | |
They either have to pay no tax, or 1% of their estimated earnings. | :10:20. | :10:25. | |
Soon, the lottery system will undergo a major makeover. They | :10:25. | :10:29. | |
could make recedes obsolete. People are being encouraged to register | :10:29. | :10:33. | |
their mobile phone numbers online. Their receipts will be | :10:33. | :10:36. | |
electronically credited to their accounts. Those who go paperless | :10:36. | :10:40. | |
will have a chance to win even more prizes. This could prove to be | :10:40. | :10:48. | |
another winner for the tax collectors. A look at the markets, | :10:48. | :10:54. | |
which are a little bit more positive than what we have seen. It | :10:54. | :10:59. | |
has been pretty volatile and there have been some heavy losses in | :10:59. | :11:03. | |
China. We are seeing a better session today. That is because we | :11:03. | :11:07. |