:00:02. > :00:12.same to to identify the baby. Those are the headlines. Now it's
:00:12. > :00:29.
:00:29. > :00:33.time for Show Me the Money. This is your weekly guide to who is
:00:33. > :00:41.making the cash, how they're doing it. He boar red a few quid off his
:00:41. > :00:47.dad to buy the building firm he works for Steve Morgan is chairman
:00:47. > :00:53.of red row. Kevin Green says he's one of the UK's biggest residential
:00:54. > :00:57.landlords and Louise Cooper works for BCG partners. No U-turn, but
:00:57. > :01:03.the Government is tweaking plans for the economy. Laws on unfair
:01:03. > :01:07.dismissal could be overhauled. More small businesses may be let off
:01:07. > :01:11.expensive pensions to provide retirement savings. And it might
:01:11. > :01:17.try to build a recovery with acres of Government-owned land handed
:01:17. > :01:21.over to developers. Kevin, we start with you for the discussion on this.
:01:21. > :01:25.Those things that we outline, do they make a plan for growth? Yes,
:01:25. > :01:32.they certainly do. The housing market's gone stagnant. We need to
:01:32. > :01:35.free up the planning permissions and the land to encourage a supply
:01:35. > :01:40./demand equality. Extreme shortage will only prop housing prices in
:01:40. > :01:43.the medium term. 3,000 acres can make all that difference? It will
:01:43. > :01:53.make a big difference. This slacking of planning law, the
:01:53. > :01:56.document of a thousand page sz now down to 25, long overdue. Steve,
:01:57. > :02:00.from Redrow, the release of land, you're from another perspective in
:02:00. > :02:04.the property business, what do you think? I'm very much in favour,
:02:04. > :02:08.anything the Government can do to get the housing industry moving has
:02:08. > :02:15.got to be welcome. But 100,000 homes sounds a lot, but it's a drop
:02:15. > :02:19.in the ocean compared to what we need. Government's owns statistics
:02:19. > :02:24.talk of 250,000 new homes per annum. We are building at levels the
:02:24. > :02:29.lowest since 1923. The population of Great Britain in 1923 was 40
:02:29. > :02:34.million people. Today it's 65 million people. So in real terms,
:02:34. > :02:38.we're building the lowest we've built for centuries. I keep reading
:02:38. > :02:45.about developers such as yours having huge banks of land, horde
:02:45. > :02:54.add way in the background. It's just rubbish. Part of the issue of
:02:54. > :02:57.land banks is that some builders, flankfully not us, some are stuck
:02:57. > :03:00.with planning permission for city centre apartments, but the market
:03:00. > :03:04.isn't there any more. The real issue is when planning was given in
:03:05. > :03:08.the past it was given in too large a lump, thousands of houses here.
:03:08. > :03:14.It's not economical to develop them. No big superdevelopment. Something
:03:14. > :03:19.a lot smaller, more intimate? you know what, we wonder why our
:03:19. > :03:23.village schools and shops and pubs are closing, and the reality is the
:03:23. > :03:28.planning system has stagnated growth in villages and small towns
:03:28. > :03:32.for decades. That's why there's been no growth and people then
:03:32. > :03:36.wonder why the shops close or the schools close or the pubs close.
:03:36. > :03:39.The reality is you can't stand still. You have to grow. That's
:03:39. > :03:45.what the new national planning policy framework is all about. It's
:03:45. > :03:49.saying to local people, local government, you have got to provide
:03:49. > :03:52.housing in your locality and you decide where it goes. We'll pick up
:03:52. > :03:56.and develop that thought later in the programme. Louise, sticking
:03:56. > :04:00.with growth and how you get recovery in the economy, instead of
:04:00. > :04:03.tackling red tape and releasing land, which these two have got
:04:03. > :04:06.quite excited about, is it more important that the Bank of
:04:06. > :04:11.England's meeting this week and could decide to release another 50
:04:11. > :04:15.billion into the economy? This is quantitative easing to MPC meeting
:04:15. > :04:21.this Thursday is expecting, either this month or next month to come up
:04:21. > :04:26.with more money printing. The jury's really out on QE as to
:04:26. > :04:30.whether it works or not. It might flood the system with liquidity,
:04:30. > :04:36.but small businesses still can't get their hands on it. So, to be
:04:36. > :04:39.fair, the economy needs much more than QE2. That's a critical point.
:04:39. > :04:41.It's all very well the Bank of England giving lots of cash to the
:04:41. > :04:46.banks and taking their distressed assets off their hands. Doesn't
:04:46. > :04:50.mean it trickles down to the level you're operating. Louise is spot on
:04:50. > :04:55.with that comments. First-hand I've found the problem of trying to
:04:55. > :04:59.borrow money from the banks recently. Until the banks start
:04:59. > :05:04.lending us money to grow businesses and start businesses, the economy
:05:04. > :05:08.won't the solved. Thank youment time now for that period of the
:05:08. > :05:12.programme where we look at some of the stoirz from the week that you
:05:12. > :05:16.maybe would rather not know about - it's boom or bust. You might think
:05:16. > :05:19.Europe's bankers have a fair bit of work at the moment, but none of it.
:05:19. > :05:24.This is the annual international table tennis tournament of European
:05:24. > :05:29.bankers, taking place in year in Austria. Greece managed to send a
:05:29. > :05:34.contingent, can you believe it? They lost to Germany. How much is
:05:34. > :05:39.that doggy on the surfboard? This is the third annual dog surfing
:05:39. > :05:43.event, held in California. They're attempting to break two world
:05:43. > :05:47.records, the longest wave ridden by a dog in open water and most dogs
:05:47. > :05:50.on a single board. Some of these mutts look like they're just having
:05:50. > :05:54.trouble going in the right direction. What's fat and screams
:05:54. > :05:58.and wobbles when it's at high speed? Supersized passengers at
:05:58. > :06:03.Thorpe Park in Surrey. It's installed bigger seats on one of
:06:03. > :06:06.its most popular rides to accommodate plumper pleasure
:06:06. > :06:11.seekers. Universal Studios in Orlando has had to do something
:06:11. > :06:16.similar, modifying seats on the Harry Potter roller coaster.
:06:16. > :06:20.We start with Steve and the table tennis and I assume the bankers had
:06:20. > :06:25.a good reason for being there, maybe they were letting off a bit
:06:25. > :06:29.of stress, a bit of steam? Ping- pong bankers, that makes the mind
:06:29. > :06:35.boggle. The only thing I could say, I wish they'd bat some mortgages
:06:35. > :06:41.around, particularly for first-time buyers. That has been the biggest
:06:41. > :06:45.problem with why the housing turnover has dropped to the levels
:06:45. > :06:49.it has dropped to historic levels, lack of mortgages. It's all down to
:06:49. > :06:53.we can't get mortgages out of the bank. If they were hitting pound
:06:53. > :06:58.coins you would have been happier. Bat a few mortgages to first time
:06:58. > :07:04.buyers and get the housing industry moving. It creates five jobs for
:07:04. > :07:08.every new house built. Half a million people, 1.5% on GDP,
:07:08. > :07:12.problem solved. Some of your best friends are bankers. I had friends
:07:12. > :07:15.all over the world in all kinds of professions. I work an a trading
:07:15. > :07:19.floor. I like the idea of playing ping-pong to relieve stress. It
:07:19. > :07:24.gets stressful on occasions. wonder whether bankers get such a
:07:24. > :07:26.hard time from everyone, they can't even indulge in everyday
:07:26. > :07:30.recreational activity without people wagging their fingers at
:07:30. > :07:36.them in disapproval. Exactly. I don't even work for a bank and you
:07:36. > :07:41.asked me the question! You get the baen for them by proxy. I'm going
:07:41. > :07:45.to ask about the surfer dogs. Some of those dogs didn't really look
:07:45. > :07:48.terribly happy. They didn't look they wanted to be there on those
:07:48. > :07:53.boards. How do you motivate people in business to do things that they
:07:53. > :07:56.really don't want to do? I think the first school of thought for
:07:56. > :08:05.myself is you can't teach an old dog new tricks. That was the case
:08:05. > :08:08.with that particular instance. You'll be putting a fine cliche box
:08:09. > :08:12.for that. Motivation can only come from the person themselves. We have
:08:13. > :08:15.to empower people to realise that's a passion that they want to achieve.
:08:16. > :08:20.Telling somebody to do something is no good. Once they realise they
:08:20. > :08:23.want to do it from their own guts and heart and soul, that's the key.
:08:23. > :08:30.What's the best motivational technique you've used? Money is a
:08:30. > :08:36.good motivator. Louise, best motivational technique? I'm not
:08:36. > :08:39.going there. Fine. This is a family show after all. Motivational
:08:39. > :08:43.techniques? You're in a solid, decent business here, does this all
:08:44. > :08:49.sound like rubbish to you? No, it doesn't. I agree with Kevin, money
:08:49. > :08:54.is a great motivator. Pride in the job as well. We like to build,
:08:54. > :08:59.think we build the best product in the industry and we enjoy handing
:08:59. > :09:04.our new homes over to our customers. I think all our team get a great
:09:04. > :09:08.deal of pleasure out of that. It's very motivational. Louise, the
:09:08. > :09:14.people on the theme rides who, you know, I can say this without any
:09:14. > :09:17.sense of shame, some of us need a little bit more room. Extra room. I
:09:17. > :09:22.have no idea who you're talking about. I'm talking about myself.
:09:22. > :09:24.There's no denial about this one. It show that's when you try to
:09:24. > :09:30.predict what your customers are going to be like in the future,
:09:30. > :09:34.sometimes the predictions are a bit off the mark. I've been in my
:09:34. > :09:40.working career now for two decades, and what I find fascinating is how
:09:40. > :09:43.quickly the world of business moves. And how some firms that used to be
:09:43. > :09:47.these fabulously brilliant companies, their competitive
:09:47. > :09:51.position deteriorates rapidly. You look at the FTSE 100 and how many
:09:51. > :09:54.companies that were, that started off there 30 years ago, they've
:09:54. > :10:00.lost their position completely. I find it extraordinary how big
:10:00. > :10:03.companies seem to lose their creativity and lose their
:10:03. > :10:06.understanding their customer really well and fail to adapt. Because
:10:06. > :10:10.they stop listening to the customers? Or they're not looking
:10:10. > :10:14.at the broader world around them? don't know what it is. But very few
:10:14. > :10:20.companies adapt and change quickly enough for the fast moving world in
:10:20. > :10:24.which we're in. How closely do you listen to your customers? Very
:10:24. > :10:27.closely. Everyone says that. It's true! If I supply a house which a
:10:27. > :10:32.customer doesn't want they're not going to buy it. I have to lock at
:10:32. > :10:37.the customer needs 100%. Let's spend a bit more time talking to
:10:37. > :10:42.Steve now, the big boss here, chairman of house builder red row.
:10:42. > :10:49.You were talking about planning. The accusation is and forgive the
:10:49. > :10:52.glibness of this, that you are only happy when you're concreting over
:10:52. > :11:00.the countryside. That's quite right. Concrete over the lot. It's
:11:00. > :11:04.absolute rubbish. It is complete schizophrenia The reality is house
:11:04. > :11:08.builders, land banks and their output is 75% brown field land.
:11:08. > :11:12.That's the current rate and it's been that way for years. Ever since
:11:12. > :11:17.records began have house builders ever built on more than 50% green
:11:17. > :11:23.field land, ever. And let's just say they did. Let's just say that
:11:23. > :11:28.they built 250,000 new homes for the next 25 years, which is what
:11:28. > :11:35.the Government proinjects we need to do, and let's say half of it
:11:35. > :11:41.does go on green field land, in that scenario, we would just build
:11:41. > :11:44..7 of 1% on green field land of the English land mass. Why build on any
:11:45. > :11:48.green field land at all. You go around any major town or city and
:11:48. > :11:52.you'll see lots of land that's sitting there that is either not
:11:52. > :11:57.used at all or under used. It's brown field land. Why not use that?
:11:57. > :12:01.We are doing. 75% of all output is on breen field land. Why not make
:12:01. > :12:06.it higher than that It's impractical. If you want to build
:12:06. > :12:09.in the West Country for example, there is no breen field -- brown
:12:09. > :12:14.field. The West Country has no industrial background to be able to
:12:14. > :12:19.do so. London, by contrast, 1 hundred% of development in London
:12:19. > :12:25.is on brown field land. It depends where you are in the country.
:12:25. > :12:30.That's why you cannot have higher statistics than that. The higher
:12:30. > :12:35.factor though, house builders like putting houses on green field land
:12:35. > :12:39.because that's where the nice land is. It's got the beautiful view.
:12:39. > :12:45.You can charge a higher price. at all. House builders like to
:12:45. > :12:49.build houses where people live, in chimney pot areas, ie areas of
:12:49. > :12:53.population. We don't like to build houses in the middle of the
:12:53. > :12:57.countryside because the demand isn't there. We much prefer to
:12:58. > :13:03.build houses in urban areas where people live. We have no problem
:13:03. > :13:08.building houses on brown field land. The industry is building 75% of its
:13:08. > :13:13.output on brown field land to date. Inevitably to meet growth, we will
:13:13. > :13:17.have to build on more green field land. As I say, even since records
:13:17. > :13:22.began, and you go back to the '80s when house building was more than
:13:22. > :13:27.double what it is today, even then, the industry never built on more
:13:27. > :13:30.than 50% green field land. This hysterical rubbish that's being put
:13:30. > :13:34.about, urban sprawl and concreting over the countryside, is exactly
:13:34. > :13:39.that. Please, for those people against the national planning
:13:39. > :13:49.policy framework, stick to the facts and stop this silly rhetoric.
:13:49. > :13:51.
:13:51. > :13:56.Reported in a paper today that among the planning changes being
:13:56. > :14:01.considered by the government is removing the obligation that
:14:01. > :14:05.currently sits with developers but when they Deary decent sized
:14:05. > :14:15.development they will build a certain number of affordable homes,
:14:15. > :14:16.
:14:16. > :14:20.or social housing -- do a decent sized. They say half of social
:14:20. > :14:23.housing built every year is built because of that one rule. If the
:14:23. > :14:33.rule is removed does it not make it harder for hard-pressed people to
:14:33. > :14:37.afford? These are only proposals at the moment but what is happening is
:14:37. > :14:42.it is putting back decision-making like this into the hands of local
:14:42. > :14:48.people and governments. It is up to local people to decide whether they
:14:48. > :14:53.want social housing and poor levels they want. There are national needs
:14:53. > :14:57.here. There are, but that is what the Government has done with the
:14:57. > :15:00.new homes bonus, they have doubled the amount of new homes bonuses for
:15:00. > :15:10.social homes as they have for private homes, so it encourages
:15:10. > :15:10.
:15:10. > :15:14.local authorities to provide social homes when they draw up plans. We
:15:14. > :15:18.are planning nothing else but building a proportion of social
:15:18. > :15:21.homes into the future. It is interesting to hear you argue in
:15:21. > :15:26.favour of local planning because often the planning process tells us
:15:26. > :15:33.local communities do not want stuff in their back yard, they need
:15:33. > :15:39.national intervention to force them to take homes. Under the old system
:15:39. > :15:45.that is right. But under the new system he is saying that each local
:15:45. > :15:49.authority has to draw up a local plan that meets the local needs.
:15:49. > :15:59.Only 30 per cent of local authorities have a current local
:15:59. > :16:02.
:16:02. > :16:06.plan. We have a situation where there is two year land supplies. We
:16:06. > :16:09.have just been refused planning permission for housing on a
:16:09. > :16:18.chemical plant in Leeds because they did not want housing. This is
:16:18. > :16:21.the kind of the posture situation builders operate in. The government
:16:21. > :16:25.is saying Local Authority is can no longer avoid the issue. The
:16:25. > :16:32.presumption in favour of sustainable development only kicks
:16:32. > :16:36.in were Local Authority is do not fulfil their statutory duties.
:16:36. > :16:46.you have a good, or bad week this week? Did your business to
:16:46. > :16:51.
:16:51. > :17:01.something good, or were you part of You have been told that all growth
:17:01. > :17:03.
:17:03. > :17:07.is the same. All ways of doing We do not really care how they will
:17:07. > :17:13.fix the economy, or the whole situation, our job is to make money
:17:13. > :17:17.for people. Personally I have been dreaming of this moment for three
:17:18. > :17:24.years. I go to bed every night dreaming of another recession,
:17:24. > :17:34.another moment like this. Are you on the side of the wealth creators,
:17:34. > :17:34.
:17:34. > :17:37.or the asset-strippers? The producers, or predators? This is
:17:37. > :17:42.not a time right now to wishful think that the government will sort
:17:42. > :17:52.things out. The Government's don't rule the world, Goldman Sachs rules
:17:52. > :17:53.
:17:53. > :17:58.the world. Does it? Our used to work there. Not that I know of. --
:17:58. > :18:01.I used to work there. The euro-zone crisis, are they getting on their
:18:01. > :18:09.knees to Goldman Sachs, or Angela Merkel? Of course it does not rule
:18:09. > :18:15.the world. When Ed Miliband talks about good and bad business and the
:18:15. > :18:20.government choosing a positively good businesses, he means the city,
:18:20. > :18:23.doesn't he? I don't know who he means. I think making a moral
:18:23. > :18:26.judgement about business is difficult. Do you think the defence
:18:26. > :18:32.industry is bad? What about the tens of thousands of people who
:18:32. > :18:35.work in that industry? Do you say it boos, cigarette and betting a
:18:35. > :18:40.bad businesses? Try selling that to the Labour Party electorate, or
:18:40. > :18:48.many of them, all of which enjoy a drink on a Friday night and a
:18:48. > :18:53.cigarette on a Saturday night. We have laws in this country and have
:18:53. > :19:00.businesses abide by those laws, that should be it. Moral judgments
:19:00. > :19:05.are not... Is it not time for the city to be brought to to check?
:19:05. > :19:11.many businesses have cost us. One person's terrorist is another
:19:11. > :19:19.person's freedom fighter. Would you describe yourself as an asset
:19:19. > :19:26.stripper, or predator? I would not but Ed Miliband clearly does.
:19:26. > :19:30.it distress you? He is an idiot. He has lost reality on this. He is
:19:30. > :19:36.putting two segments in place there, one as producers, one as predators.
:19:36. > :19:39.It is not that simple. Business is integrated and whether we are in
:19:39. > :19:46.the supply side, production, or one the end of a wealth creator, as he
:19:46. > :19:50.calls it, so I do take offence. Does it matter? He is the Leader of
:19:50. > :19:53.the Opposition. He is not going to go to a white wall apart --
:19:53. > :20:00.department tomorrow and draw applause. It does matter because
:20:00. > :20:03.public perception matters and people look up to leaders. If the
:20:03. > :20:07.means a definition, make it clear. The way that comes across is people
:20:07. > :20:17.like myself would be asset- strippers and predators. I think he
:20:17. > :20:19.
:20:19. > :20:26.Everyone in business should know it is good to save money and also to
:20:26. > :20:31.make a bit of cash. With tips to get you started, here is death.
:20:31. > :20:35.the time you have paid for petrol, insurance and the MoT, having a car
:20:35. > :20:39.can put a real dent in your finances. But there are things you
:20:39. > :20:43.can do to try to get some of the cost back. The number of items you
:20:43. > :20:47.can rent out to others is going up. If you have a room, or driveway
:20:47. > :20:51.going spare there are plenty of people who will pay you money to
:20:51. > :20:55.use them. If you are not using your car all the time, you could even
:20:55. > :21:01.rent attack, too. This website allows drivers to rent out their
:21:01. > :21:05.car whenever they are not using it. Many people do not use their cars
:21:05. > :21:09.but often, on average one hour a day, so with the service they can
:21:09. > :21:14.rent out their cars and see how much they can make. When a booking
:21:14. > :21:20.is confirmed both sides are messaged on e-mail, text, they are
:21:20. > :21:25.told where to pick up the car. Let's meet somebody who has done
:21:25. > :21:35.this. Ian rents out his car regularly. Do you make much money
:21:35. > :21:35.
:21:35. > :21:41.from this? On to �300 a month. I usually do it between two and three
:21:41. > :21:45.times a week. Have you had any problems? There was one occasion
:21:45. > :21:50.where the car got damaged on the door. The company were really
:21:50. > :21:53.helpful, to go to we're and fix it on their insurance. No problem.
:21:53. > :22:00.might not fancy renting out your car to a stranger so how about
:22:00. > :22:06.getting adverts on the side, because some companies will pay you
:22:06. > :22:11.to have your logo -- their logo on the side of your car. There are
:22:11. > :22:14.lots of ways to save money as well. We all know cars are expensive,
:22:14. > :22:19.particularly petrol, but have you got any ideas for how people can
:22:19. > :22:23.save money on them? Shop around when you buy petrol but apart from
:22:23. > :22:27.that you can keep an eye on how you drive. It is amazing how much
:22:27. > :22:34.petrol you can save if you do not break or accelerate sharply. Make
:22:34. > :22:38.sure the tyres are always pumped up, that can help. Insurance is a big
:22:38. > :22:42.issue because the cost has gone up by 40 per cent. Is there anything
:22:42. > :22:46.you can do to cut that down? Those who have experienced the biggest
:22:46. > :22:49.price rises a young drivers, particularly young male drivers. We
:22:49. > :22:55.are starting to see the reintroduction of pay-as-you-go
:22:55. > :22:58.insurance. It means you have a little black box in your car the
:22:58. > :23:03.report -- that records how you drive, that could bring premiums
:23:03. > :23:07.down. If you are not young, what can you do? You can still save
:23:07. > :23:14.money. It is often said to shop around but I think you should shop
:23:14. > :23:18.around and be smart about it. So no cut a few price comparison sides.
:23:18. > :23:22.Taught we specialist Motion -- motor insurance broker and if you
:23:22. > :23:25.get a quote, go back to your insurer to see if they will Majid.
:23:25. > :23:29.With the you want to make money with your car, or just save a few
:23:29. > :23:35.pennies, there are many things you can do with your car to try to help