01/03/2016

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:00:00. > :00:00.This is Business Live from BBC News with Victoria Fritz and Sally

:00:07. > :00:14.Barclays' profits plunge at the end of last year and it's forced

:00:15. > :00:33.Live from London, that's our top story on Tuesday the 1st of March.

:00:34. > :00:36.The new boss of Barclays says a more focused,

:00:37. > :00:40.trustworthy and streamlined bank is the way forward.

:00:41. > :00:43.You can hear from Jes Staley in a few moments, who tells us

:00:44. > :00:45.why its business in Africa must be scaled down.

:00:46. > :00:51.Volkswagen's boss tells us a deal with US authorities

:00:52. > :00:53.over its emissions cheating scandal could take longer and cost

:00:54. > :00:58.And we'll tell you all you need to know about financial markets

:00:59. > :01:02.The European trading day has just kicked off.

:01:03. > :01:10.Would you rent your precious pad to tourists make some extra cash?

:01:11. > :01:14.This may not resemble your home, certainly not mine, but holidaying

:01:15. > :01:16.in someone else's home is a growing trend.

:01:17. > :01:24.We speak to the boss of a firm who's making money

:01:25. > :01:33.And we want to know what you think on the programme.

:01:34. > :01:34.Was this an accident waiting to happen?

:01:35. > :01:37.It's been revealed Google's driverless car crashed into a bus

:01:38. > :01:39.in California - nobody was hurt and the authorities are investigating.

:01:40. > :02:04.As ever, the show is packed. So let's get started. We begin with

:02:05. > :02:10.banking giant, Barclays. It just revealed that 2015 was a really

:02:11. > :02:11.tough year. 80% full and its adjusted pre-tax profits during that

:02:12. > :02:18.12 months, to ?5.4 billion. It was battered

:02:19. > :02:19.by falling investment banking fees and

:02:20. > :02:20.mis-selling scandals. In a moment, we'll hear

:02:21. > :02:24.from our Economics Editor, who has been speaking

:02:25. > :02:26.to the bank's relatively but first a look

:02:27. > :02:29.at its troubled times. Since the financial hurricane

:02:30. > :02:32.of 2008, Barclays has been hit Four different bosses in five years,

:02:33. > :02:39.and clashes with regulators. The share price tells the story,

:02:40. > :02:42.down 40% since last summer. A big part of this is the shrinking

:02:43. > :02:48.investment bank business, which makes much less money

:02:49. > :02:51.and recently announced 1,200 jobs Meanwhile, Barclays is paying

:02:52. > :02:55.for past misdemeanours, like its rivals RBS,

:02:56. > :02:59.Santander and Lloyds, with hefty provisions for

:03:00. > :03:05.mis-selling products to consumers. Barclays will focus on its key

:03:06. > :03:10.markets, the US and UK, which bring in two-thirds

:03:11. > :03:17.of investment banking fees, and will sell its stake

:03:18. > :03:24.in Barclays Africa Group. That will cut its costly exposure

:03:25. > :03:30.to the volatile currency the rand, but the downside is losing

:03:31. > :03:32.12 million customers across 12 Our Economics Editor Kamal Ahmed

:03:33. > :03:40.is in the City of London. Barclays has been in

:03:41. > :03:46.Africa over 100 years. The new boss Jes Staley has been

:03:47. > :03:49.in the job for less than three months, so a big decision

:03:50. > :04:00.to leave the continent. Yes, it is quite a U-turn, you are

:04:01. > :04:02.absolutely right, for Barclays. If you remember, the previous Chief

:04:03. > :04:07.Executive Antony Jenkins made Africa one of the key pillars of Barclays

:04:08. > :04:12.boss macro strategy and said the continent, the emerging economies

:04:13. > :04:16.across Africa were very important for the business. Bob Diamond,

:04:17. > :04:23.Antony Jenkins' predecessor was also very keen on Africa but Jes Staley

:04:24. > :04:28.has said for regulatory reasons, the bank will now look at selling down

:04:29. > :04:32.its stake in Berkeley 's Africa. I've just interviewed him at the top

:04:33. > :04:33.of the building there. He told me that it was a very difficult

:04:34. > :04:41.decision. The reality is, the new regulatory

:04:42. > :04:48.environment means we carry 100% of the liabilities of owning Berkeley

:04:49. > :04:52.'s Africa. We only own, however, 62% of Berkeley 's Africa. The rest is

:04:53. > :04:56.owned in the public market in Johannesburg. We have 100% of the

:04:57. > :05:03.liabilities and 62% of the earnings. It means it truncates the possible

:05:04. > :05:07.U-turn -- returns for Barclays shareholders of investing in Africa.

:05:08. > :05:11.It is a very difficult decision. You go to places like Uganda and Kenya

:05:12. > :05:18.and the brand of Barclays is as strong there as it is in the UK. I'm

:05:19. > :05:22.sure this is a very difficult decision, not just for Jes Staley,

:05:23. > :05:27.the Chief Executive but for the board as well. As you say, 100 years

:05:28. > :05:31.of history of Barclays in Africa. South Africa, great controversy

:05:32. > :05:35.during the apartheid in Iraq, Barclays was facing a boycott them.

:05:36. > :05:41.In his interview with me, Jes Staley spoke about trust and spoke about

:05:42. > :05:46.the need to regain the notion of honest advice from banks and the

:05:47. > :05:52.public would only trust the banks when they believed that is what it

:05:53. > :05:55.was doing. He also spoke about the European Union. Of course, Britain

:05:56. > :06:01.is facing a referendum on whether to leave or remain in the European

:06:02. > :06:04.Union in June. He said that after a board meeting and discussions with

:06:05. > :06:09.his chairman, John McFarlane, he thought it was better for his

:06:10. > :06:15.customers in the UK and for his corporate business clients that

:06:16. > :06:20.Britain remained inside the European Union. Finally, I asked him if he

:06:21. > :06:22.would repeat the pledge John McFarlane, the chairman made, that

:06:23. > :06:27.Barclays share price would double in the next three years. He would not

:06:28. > :06:31.be that robust but he said that with the changes, the simplification,

:06:32. > :06:35.investors could see that despite profits being down and despite the

:06:36. > :06:39.dividend being cut, that this bank was a better business and he hoped

:06:40. > :06:44.the markets would respond positively. Speaking of which, we

:06:45. > :06:51.have just checked out the share price and at the moment, it is down

:06:52. > :06:55.roughly 7-8%. I wonder what investors make of Jes Staley? What

:06:56. > :07:00.is your sense of the man? This is the first interview we have done

:07:01. > :07:05.with him. It is. His background comedy was very senior at JP Morgan

:07:06. > :07:10.but missed out on the big job there when Jamie Dimon and made it clear

:07:11. > :07:16.he was not going anywhere fast. He is the chief executive of JP Morgan.

:07:17. > :07:23.He is seen as a very solid operator, somewhere between the tee previous

:07:24. > :07:26.Chief Executive 's. Bob Diamond was big, Flash, American, a man so

:07:27. > :07:31.American he had a baseball bat in his office. Antony Jenkins was the

:07:32. > :07:34.Englishman, the last Chief Executive of Barclays, more scholarly, known

:07:35. > :07:39.as Saint Anthony. I think Jes Staley is somewhere in between. Investors

:07:40. > :07:42.will be looking at him making the bank simpler and then they may look

:07:43. > :07:46.at the share price but with the dividend being cut, that is why the

:07:47. > :07:50.share price has taken such a big hit this morning. It is a long, hard

:07:51. > :07:56.journey for Jes Staley. Thank you for joining us. Who would have

:07:57. > :07:58.thought, the Goldilocks of Barclays, the man in the middle, Jes Staley?

:07:59. > :08:03.Trading and mining giant Glencore says its adjusted net income fell

:08:04. > :08:06.a whopping 69% to $1.34 billion last year.

:08:07. > :08:09.That's down from $4.28 billion in 2014.

:08:10. > :08:13.The slump is blamed on weaker commodity prices.

:08:14. > :08:18.Glencore had to take exceptional charges of $5.8 billion,

:08:19. > :08:20.mainly due to impairments, restructuring costs and net losses

:08:21. > :08:29.One of Google's self driving cars crashed into a bus in California

:08:30. > :08:32.last month. Thankfully, there were no injuries but it's not the first

:08:33. > :08:36.time on a Google's famed self driving cars has been involved in a

:08:37. > :08:39.crash. But it may be the first time it has actually caused one.

:08:40. > :08:41.A judge in the United States has ruled that Apple cannot be forced

:08:42. > :08:45.to give the FBI access to a locked iPhone, in a case that echoes

:08:46. > :08:46.an ongoing legal battle in California.

:08:47. > :08:49.The judge in Brooklyn denied a motion by the US

:08:50. > :08:53.Justice Department to get Apple to unlock a phone in a drug case.

:08:54. > :08:57.The FBI also wants Apple to unlock the iPhone of Syed Rizwan Farook,

:08:58. > :08:59.who killed 14 people in San Bernardino,

:09:00. > :09:17.We were going to look at the tablet but always with technology, this is

:09:18. > :09:22.what happens, just a blank screen. I apologise. We were going to talk a

:09:23. > :09:27.bit more about Barclays and big restructuring costs, there, lots of

:09:28. > :09:33.provisions for PPI, for example. But let's just move on and talk about

:09:34. > :09:35.China! So many stories coming out there today, not least the fact that

:09:36. > :09:40.it's reported the government is planning to lay off up to 6 million

:09:41. > :09:43.workers over the next two or three years. Yesterday, we were talking

:09:44. > :09:44.about significant job losses in the coal and steel industry.

:09:45. > :09:56.This is not great news. It seems to be the new normal when it comes to

:09:57. > :10:00.China. Absolutely right, Victoria, it seems to be going from bad to

:10:01. > :10:04.worse in the world's second largest economy. We all know China has been

:10:05. > :10:09.going from strength to strength in the last few decades but now growth

:10:10. > :10:13.is slowing down. Remember, China Clarke to the lowest growth seen in

:10:14. > :10:18.a quarter of a century recently. Now it appears that has translated into

:10:19. > :10:21.the worst possible scenario for the government there, job losses, as you

:10:22. > :10:26.were saying, in state companies, nonetheless. Reports saying that the

:10:27. > :10:30.cuts will come in the next two or three years and although that means

:10:31. > :10:34.the losses will be staggered, it raises the question, where are all

:10:35. > :10:37.these people going to find new jobs are to mark a big concern in terms

:10:38. > :10:44.of economic and social stability in China. -- to find new jobs?

:10:45. > :10:51.We had data at China which we will discuss in a moment but just to show

:10:52. > :10:56.you how the day in Asia. It does not reflect the full day because it was

:10:57. > :11:01.a seesaw session in Japan will stop in Europe, the big winner on the

:11:02. > :11:07.London stock exchange today is the London stock exchange. Its shares

:11:08. > :11:08.are up over 7%, one of the big winners, speculation that

:11:09. > :11:13.Intercontinental exchange is looking to make an offer for the London

:11:14. > :11:20.stock exchange, and let's not forget that the LSE is in talks to merge

:11:21. > :11:25.with the Deutsche horse. Glencore shares down 2.4% and we will discuss

:11:26. > :11:28.that shortly. But now, let's go to New York.

:11:29. > :11:33.Has America's manufacturing sector turned a corner? That is the

:11:34. > :11:36.question on the mind of investors this Tuesday. The sector has been

:11:37. > :11:40.flashing warning signs for a while, coming under pressure from falling

:11:41. > :11:43.oil prices and the strong dollar. When the Institute for Supply

:11:44. > :11:47.management releases its national Manufacturing index this Tuesday,

:11:48. > :11:52.investors will be looking for signs of any improvement. Most economists

:11:53. > :11:56.are forecasting a reading of 48.5 in February. Anything below 50 is

:11:57. > :12:03.considered a contraction. Meanwhile, car sales have been a bright US

:12:04. > :12:06.economy. Sales for February are expected to hit around 17.6 million.

:12:07. > :12:10.But there are fears that falling oil prices will drag down the local

:12:11. > :12:14.economies of states that depend on the energy industry in turn -- and

:12:15. > :12:20.in turn, the fear is that make impact demand for trucks and luxury

:12:21. > :12:22.cars. On the earnings front, dollar tree reports its fourth-quarter

:12:23. > :12:27.earnings, it is the country's biggest dollar store chain, still

:12:28. > :12:29.appealing to thrifty shoppers. Joining us is Bronwyn Curtis

:12:30. > :12:37.from Society of Business Economists. Good morning. Let's start with some

:12:38. > :12:40.of the data we had overnight from Asia coming out over China

:12:41. > :12:45.manufacturing, falling for the seventh straight session. It does

:12:46. > :12:50.not look good yet we saw the markets rise. Yes, interestingly, because it

:12:51. > :12:56.was a fall in manufacturing, seven months in a row. It is back to the

:12:57. > :13:01.levels of January 2009 on the manufacturing index and the services

:13:02. > :13:06.purchasing managers index also fell. But of course, China has started to

:13:07. > :13:09.pump money back into the markets. They did that yesterday. It was

:13:10. > :13:14.pretty big. I think the expectation is they will continue to do that. We

:13:15. > :13:17.talked about people being laid off. Of course, that is in the

:13:18. > :13:22.manufacturing sector, particularly in things like the commodities, the

:13:23. > :13:27.steel sector and someone. But I think the service sector, they are

:13:28. > :13:31.tried to push more into services. And January is a funny month in

:13:32. > :13:34.China with the lunar New Year celebrations which is basically a

:13:35. > :13:39.week when the economy is pretty much shot of people are not at work.

:13:40. > :13:43.Looking at the corporate news, shares all over the place, Barclays

:13:44. > :13:47.hit hard but the London stock exchange, it would seem is great

:13:48. > :13:56.interest at the moment. It has got another suitor! Deutsche Bourse came

:13:57. > :14:01.out and they were interested in a tie-up or a takeover. It depends who

:14:02. > :14:07.you talk to. And now we have someone else, the ICA, coming in and saying

:14:08. > :14:09.they might be interested as well. Mergers and acquisitions have been a

:14:10. > :14:15.big story in the last two or three years. I think that is going to

:14:16. > :14:20.continue. People think they can take costs out and that will push profits

:14:21. > :14:24.up. Every company looking for is an profitable opportunity right now.

:14:25. > :14:27.That is buoying up the markets but I have to say, we have got some

:14:28. > :14:32.economic data coming out in Europe and the US that I don't think is

:14:33. > :14:37.going to be that good and payrolls at the end of the week in America is

:14:38. > :14:44.the big number that people will be watching in the markets. Lots going

:14:45. > :14:49.on. Thank you for joining us. We will return later for more stories.

:14:50. > :14:52.home instead of a hotel - we ask to the boss of one home swap

:14:53. > :14:55.Still to come: Home from home - as more of us opt for someone else's

:14:56. > :14:59.home instead of a hotel - we ask to the boss of one home swap

:15:00. > :15:11.It does seem high risk, but we've got the answers for you.

:15:12. > :15:20.You're with Business Live from BBC News.

:15:21. > :15:26.More on glen core. The slump is being blamed on weaker commodity

:15:27. > :15:30.prices. We talk about did a lot on the programme. The shares in the

:15:31. > :15:33.company are listed in London and Joe Lynam joins us from the business

:15:34. > :15:39.roomment you have been taking a look at the numbers. What's the stand out

:15:40. > :15:44.issue for you with glen core? The stand out issue for me, the fact

:15:45. > :15:49.they posted the huge losses today. And one year ago, there were profits

:15:50. > :15:58.of $4 billion, there is a $12 billion gap between the years.

:15:59. > :16:03.That's reflected in the share price. Glen core the start of the year

:16:04. > :16:06.around year and it has been downwards until September when

:16:07. > :16:09.people feared for the future of the company, but the boss basically

:16:10. > :16:17.said, "I'm going to focus on getting rid of the assets that I don't need.

:16:18. > :16:22.The mines that I don't need." The share price was on the up. So people

:16:23. > :16:27.like the disposal process. They are getting rid of one mine in new

:16:28. > :16:31.Caledonia alone worth ?4 billion because it is over valued. The

:16:32. > :16:35.commodities that they own in that mine aren't bringing in the revenue

:16:36. > :16:38.that they are hoping for. So the direction in travel in terms of the

:16:39. > :16:42.share price over the last three months has been positive, but it has

:16:43. > :16:48.been an awful 2015 for glen core. This is a Swiss based commodities

:16:49. > :16:55.trading business which bout the London listed -- bought the London

:16:56. > :17:00.listed extrat ta. They bought at the height of the boom when China was

:17:01. > :17:05.building without an endless supply of skyscrapers. Since then things

:17:06. > :17:10.have gone into reverse and commodities have fallen and the turn

:17:11. > :17:13.around affected mining companies, platinum, zinc, copper, you name the

:17:14. > :17:16.commodity, it has been down and the question I suppose for glen core

:17:17. > :17:22.shareholders, is it over? Is the worst over? Is it up from here? Can

:17:23. > :17:25.the share price continue to inch upwards as it has done over the last

:17:26. > :17:29.two-and-a-half months? All right, thank you very much. Joe Lynam

:17:30. > :17:35.there. More on glen core on the Business Live page. As Joe mentioned

:17:36. > :17:39.there, the share prices have been on quite a journey. I remember you

:17:40. > :17:44.could buy a glen core share for ?5 and not many months ago, it was down

:17:45. > :17:51.to 70 pence a share and now up over ?1.

:17:52. > :18:11.The boss of bank clays who has been in the job since December, tells us

:18:12. > :18:15.he will turn things around after a difficult few years. We will keep an

:18:16. > :18:19.eye on how he does that. More on the website. Kamal has been blogging

:18:20. > :18:26.about that story as well. Check it out.

:18:27. > :18:28.You've heard the expression home from home - the company we're

:18:29. > :18:31.about to talk to is making money from the trend of holidaying

:18:32. > :18:34.While it can dramatically cut your holiday bill,

:18:35. > :18:36.it comes with a host of other problems -

:18:37. > :18:39.personal safety or guests that trash your home to name a few.

:18:40. > :18:44.Airbnb has millions of global customers doing this but our next

:18:45. > :19:05.guest uses a membership club as her business model.

:19:06. > :19:12.Debbie Wosswow's company has been offering a home from home service.

:19:13. > :19:17.Global choice, of course, will be very important. It has got more than

:19:18. > :19:20.80,000 properties and in fact over 100,000 properties now in over well

:19:21. > :19:39.about 160 countries. I believe Jude Law, Cameron Diaz

:19:40. > :19:43.have got something to do with your business? They were my inspiration.

:19:44. > :19:47.I am an entrepreneur. I have run different businessesment this one

:19:48. > :19:50.came about of the back of a particularly challenging and

:19:51. > :19:55.expensive holiday in a hotel with very small children and for those of

:19:56. > :19:58.you who have taken that kind of holiday, it is cramped, it's dark,

:19:59. > :20:02.you're trying to watch TV with the sound off, you are eating a lot of

:20:03. > :20:15.room service and on the flight on the way home, I watched the movie,

:20:16. > :20:20.The Holiday. It is a cheesy rom-com and Kate Winslet swaps home from

:20:21. > :20:25.Cameron Diaz. I thought does that exist? My home in London has been

:20:26. > :20:29.sat empty while I have been on holiday and I have been in confined

:20:30. > :20:34.quarters. What I wanted to do was stay in a home. What I wanted to do

:20:35. > :20:41.was to swap my life with someone else's life and that was the idea

:20:42. > :20:45.behind Love Home Swap and because I am the restless entrepreneur who

:20:46. > :20:48.won't leave things alone, I got home and started to plot how I might

:20:49. > :20:54.build a business that would transform holidays for families, for

:20:55. > :20:58.empty nesters, for second homeowners, for people who want to

:20:59. > :21:02.make more from the asset they have invested all their money in which is

:21:03. > :21:06.their home. Plain how it works. I'm thinking of all the things that I

:21:07. > :21:10.would have to think about if I was considering this idea. Not least

:21:11. > :21:14.like you, I've got three little kids and before I go on holiday, it is

:21:15. > :21:18.complete mayhem in the house and the house looks like a bomb has gone off

:21:19. > :21:22.as I walk out the door. So I can't believe anybody would actually want

:21:23. > :21:26.to come in and stay. So, I suppose two-ways to answer the question. The

:21:27. > :21:31.first is, how do you sign up your home? The second is how do you get

:21:32. > :21:34.your home ready? So in terms of sign up, think online dating for homes,

:21:35. > :21:38.that's the business model. With three children, I suspect you're not

:21:39. > :21:42.spending your time on Tinder, however, you understand the concept,

:21:43. > :21:45.you put together your listing and photography is super important, but

:21:46. > :21:50.equally as important is saying, this is my neighbourhood. So the big

:21:51. > :21:53.driver behind Home swapping particularly for families is life

:21:54. > :21:58.swapping, it is knowing that there is a shorthand to having a great

:21:59. > :22:02.holiday because when you arrive, the kids playground, where to buy food,

:22:03. > :22:07.where to go for cappuccino and what to do. Sow put that together and

:22:08. > :22:10.that's free. And you put together your listing on the site. The point

:22:11. > :22:14.of engagement comes when you want to send a message or receive a message.

:22:15. > :22:19.So that's how you sign up. In terms of how do you get your home ready, I

:22:20. > :22:22.did a half term home swap the week before last with my two little

:22:23. > :22:28.children. We went London to the Cotswolds. It does mean that there

:22:29. > :22:31.is that run around before you leave, tidying up and clearing out

:22:32. > :22:36.bathrooms, that's my main bit of advice. You don't want to arrive at

:22:37. > :22:40.someone's home and find a mouldy bar of soap in the shower room. Make

:22:41. > :22:43.space for that person, but they recognise that they are staying in a

:22:44. > :22:48.home and you don't have to turn your home into a hotel, but you do have

:22:49. > :22:52.to have the conversation with home swappers about sheets and towels to

:22:53. > :22:56.your point on what happens with the home swap, we have never had

:22:57. > :23:01.anything go wrong. In a big sense because of the swap. Because the

:23:02. > :23:05.arrangement. You are going to someone's home, someone is coming to

:23:06. > :23:08.your home, but do make sure that you know how you're going to find the

:23:09. > :23:13.house and how you're going to leave the home. Anything that you're

:23:14. > :23:16.worried about, in my experience, I have an owner's closet. Don't leave

:23:17. > :23:20.out the family silver and your engagement ring if you're going to

:23:21. > :23:24.panic about that. Lock it away, but you don't need to put your home in

:23:25. > :23:27.storage, just make your home ready for guests. We have run out of time

:23:28. > :23:31.which is such a shame because there are so many other issues we wanted

:23:32. > :23:37.to talk about. We're going to have to just... No problem. Sign up for

:23:38. > :23:39.Love Homes. You can experience it. You're going to have to come back. I

:23:40. > :23:44.look forward to it. Volkswagen's boss has warned that

:23:45. > :23:46.a deal with US authorities over its emissions scandal

:23:47. > :23:48.could take longer and cost Speaking at the Geneva Motor Show,

:23:49. > :23:52.Matthias Mueller told the BBC's Theo Leggett that VW

:23:53. > :23:54.was still in "constructive dialogue" with regulators and hoped the firm

:23:55. > :24:05.would be "judged fairly". TRANSLATION: I will not take part in

:24:06. > :24:08.the speculation that's been in the press. I think we are better off

:24:09. > :24:12.waiting for the result of the investigations. We are all

:24:13. > :24:22.impatient. I am as well, however, I think we should wait for a couple of

:24:23. > :24:25.days more. Jones Day and Volkswagen said they will publish a report in

:24:26. > :24:29.early April and then we will know the whole story. I think we should

:24:30. > :24:32.be careful and not pre-empt the results of that. Are you confident

:24:33. > :24:35.that a scandal like this could not happen again?

:24:36. > :24:39.TRANSLATION: We have drawn our conclusions and learned from them.

:24:40. > :24:43.We've reorganised our internal procedures and optimised them so

:24:44. > :24:48.that to the best of our knowledge, such a thing should never happen

:24:49. > :24:54.again. You can never be 100% sure, but we are confident.

:24:55. > :24:58.That was the Chief Executive of Volkswagen speaking at the Geneva

:24:59. > :25:03.Motor Show. Briton win is back. It is a story we talk a lot when we

:25:04. > :25:08.regard China and Beijing, but a problem of fog in Abu Dhabi. This is

:25:09. > :25:12.in the Gulf News newspaper is leading to what, Briton win? Well,

:25:13. > :25:16.accidents. Which is no surprise. It is no surprise, but everyone rushing

:25:17. > :25:20.to work at the same time are, you know, and it is foggy and they can't

:25:21. > :25:24.see, they don't want to be late for work and so on, they are getting

:25:25. > :25:27.more and more accidents. The story is about someone seeking flexible

:25:28. > :25:32.work hours on foggy days. So instead of everyone starting at the same

:25:33. > :25:37.time, I mean, it is a nice idea, but you know, it is still fog. It is

:25:38. > :25:42.still hard to see so I think, but I think remember earlier in the

:25:43. > :25:46.programme, you talked about the car, the driverless Google car that you

:25:47. > :25:51.know, didn't have, you know hadn't had an accident. No accidents if

:25:52. > :25:54.they all were driverless cars and everyone could get to work on time.

:25:55. > :25:57.The fog would make no difference at all. Good thinking Briton win. Thank

:25:58. > :26:08.you for coming in. That's all from us. Goodbye, see you soon.

:26:09. > :26:15.Hello there. Well, it is milder out there today, but wetter for many of

:26:16. > :26:17.us as well. The cold air will be back before too soon. Now the rain

:26:18. > :26:18.is