Browse content similar to 20/04/2016. 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. | :00:00. | :00:08. | |
Airforce One is on its way to Saudi Arabia as we speak. | :00:09. | :00:18. | |
With trade relations currently on the rocks, will the two sides be | :00:19. | :00:20. | |
Live from London, that's our top story, today Wednesday, 20th April. | :00:21. | :00:37. | |
President Obama is beginning a visit to Saudi Arabia today at a time | :00:38. | :00:40. | |
of strained relations between the US and Gulf countries. | :00:41. | :00:42. | |
So what can we expect from this 71-year-old US-Saudi | :00:43. | :00:44. | |
Also in the programme, the world's largest computer chipmaker, Intel, | :00:45. | :00:56. | |
has announced it is shedding 12,000 jobs as it seeks to reduce reliance | :00:57. | :00:59. | |
Markets are downbeat. Shares in Mitsubishi Motors as the company | :01:00. | :01:18. | |
admits that one of its models failed a fuel economy test. | :01:19. | :01:22. | |
We'll get the inside track on the booming market for drones. | :01:23. | :01:26. | |
From farming to filming, they're increasingly popular | :01:27. | :01:37. | |
in the commercial world but at what cost | :01:38. | :01:39. | |
So for fear of droning on - what do you think? | :01:40. | :01:43. | |
Are drones great fun or a dangerous device that can | :01:44. | :01:46. | |
You know what to do - just use the hashtag BBC Biz Live. | :01:47. | :01:51. | |
President Obama lands in Saudi Arabia in around three hour's time. | :01:52. | :02:02. | |
It will be his first visit to the country since King Abdullah's | :02:03. | :02:05. | |
As well as security issues, the leaders of the two countries | :02:06. | :02:10. | |
will also discuss their trading relationship including the key | :02:11. | :02:13. | |
The US imports around 11% of its oil from Saudi Arabia, making it | :02:14. | :02:20. | |
America's second biggest external source of oil. | :02:21. | :02:24. | |
Saudi Arabia meanwhile is the biggest importer of US arms | :02:25. | :02:38. | |
and has spent $95 billion on American hardware | :02:39. | :02:40. | |
However that close economic relationship has been put | :02:41. | :02:43. | |
Increasing supplies of US base shale oil have decreased America's | :02:44. | :02:46. | |
That's been compounded by the Iran nuclear deal which helps | :02:47. | :02:50. | |
to strengthen the economy of Saudi Arabia's key revel | :02:51. | :02:52. | |
With me is Dr Stuart Thomson, public affairs expert | :02:53. | :02:56. | |
at Westminster-based law firm Bircham Dyson Bell. | :02:57. | :03:02. | |
Stewart, nice to see you. Good morning. Sally running through some | :03:03. | :03:06. | |
of the issues there, just highlight for us | :03:07. | :03:06. | |
what will be top of the agenda today between | :03:07. | :03:11. | |
the talks with Saudi and the US, of course, Obama now on his way to | :03:12. | :03:16. | |
Saudi Arabia? A number of issues, but particularly around the economy, | :03:17. | :03:19. | |
Saudi Arabia's position in the region and of course, the fight | :03:20. | :03:24. | |
against IS, a range of issues across all those three things and also the | :03:25. | :03:25. | |
legislation which has been proposed in the States at the | :03:26. | :03:32. | |
moment which, the so-called 9/11 Bill or the ability to challenge | :03:33. | :03:35. | |
foreign countries that are involved in terrorism acts on US soil which | :03:36. | :03:39. | |
is a big issue at the moment. Yeah and one of the key issues will be | :03:40. | :03:44. | |
Saudi's place as you touched on in the world's economy and we know | :03:45. | :03:46. | |
Saudi, of course, for its oil, but the picture is changing quickly. | :03:47. | :03:55. | |
We've talked about their attempts to set-up a sovereign wealth fund for | :03:56. | :04:02. | |
life after oil. What role does Saudi Arabia | :04:03. | :04:02. | |
play if it is not in the oil market? Today's discussions with President | :04:03. | :04:11. | |
Obama will start to tease out those issues, Saudi Arabia if it is a more | :04:12. | :04:13. | |
open or closed society, it is based on the economy, its relations with | :04:14. | :04:23. | |
Iran and others in the region, until you can get to the bottom of those | :04:24. | :04:25. | |
issues, it is difficult to know what issues, it is difficult to know what | :04:26. | :04:30. | |
it will do about its economy, any country that's alined with one | :04:31. | :04:32. | |
particular industry to loosen itself is a huge challenge, | :04:33. | :04:37. | |
so Saudi Arabia is not alone in that. On that issue of oil, it is | :04:38. | :04:40. | |
likely to be tense when it comes to the discussions on fracking and | :04:41. | :04:45. | |
shale energy because the US clearly pushing that, so it is less | :04:46. | :04:50. | |
dependant on foreign oil, but at the same time Saudi Arabia made it known | :04:51. | :04:56. | |
that they are willing for the price to stay low so they can push those | :04:57. | :05:00. | |
producers out of business? There is a shift in the relations between the | :05:01. | :05:04. | |
US and Saudi Arabia with America wanting it to be a more independent, | :05:05. | :05:10. | |
not so utterly reliant country as it would see it on the States, but when | :05:11. | :05:14. | |
it does, when Saudi Arabia does take a more independent role for instance | :05:15. | :05:17. | |
in Yemen around Yemen and other issues as well, that America doesn't | :05:18. | :05:21. | |
like that. These challenges aplay to the States as well as to Saudi | :05:22. | :05:24. | |
Arabia itself in the future relationships. I have been to Saudi | :05:25. | :05:27. | |
Arabia a few times and what strikes you when you go there is how slowly | :05:28. | :05:31. | |
everything changes and we have seen this recently too | :05:32. | :05:32. | |
in terms of the speed of changes starting to increase and by historic | :05:33. | :05:39. | |
standards it is pretty fast and yet, there are still calls for Saudi | :05:40. | :05:42. | |
Arabia to do more to open up its economy, to embrace the outside | :05:43. | :05:45. | |
world, it is not quite happening yet, is it? | :05:46. | :05:45. | |
It is not, but as you say, the pace of change has picked up, but there | :05:46. | :05:50. | |
are still those that say that it needs to go faster. It needs to open | :05:51. | :05:56. | |
itself up more quickly, but again, to bring a population along and to | :05:57. | :06:00. | |
protect the position of the Royal Family there as well, that's going | :06:01. | :06:03. | |
to be sometime before any of those things happen. Fascinating stuff. Dr | :06:04. | :06:07. | |
Stewart Thompson, thank you, nice to see you from the Westminster based | :06:08. | :06:09. | |
law firm. Malaysia Airlines is looking | :06:10. | :06:16. | |
for a new boss AGAIN. Christoph Mueller was brought | :06:17. | :06:19. | |
in to restructure the carrier and was the first first ever | :06:20. | :06:21. | |
non-Malaysian to head the company. But now, less than a year | :06:22. | :06:26. | |
into his three-year contract he's announced he's leaving | :06:27. | :06:28. | |
for personal reasons. The airline say he will | :06:29. | :06:30. | |
depart in September. Yahoo's results came in better | :06:31. | :06:34. | |
than expected and shares actually The internet firm reported a loss | :06:35. | :06:37. | |
of $99 million for the quarter, compared to a $21.2 million profit | :06:38. | :06:50. | |
for the same time last year. Yahoo is still looking for a buyer - | :06:51. | :06:54. | |
with US mobile giant Verizon Tata Steel's boss in Port Talbot, | :06:55. | :06:58. | |
Stuart Wilkie, is to launch a management buyout | :06:59. | :07:12. | |
for the company's UK operations. Mr Wilkie was one of the architects | :07:13. | :07:13. | |
of a survival plan presented to the Tata board in India | :07:14. | :07:16. | |
last month, but that was ultimately rejected | :07:17. | :07:19. | |
and the firm put up for sale. The group says it could threaten | :07:20. | :07:31. | |
London's eminence as a financial capital. The eight say it is the | :07:32. | :07:35. | |
UK's decision alone where its future lies, but the US has a critical | :07:36. | :07:40. | |
interest in the outcome. Leave campaigners accuse the men of double | :07:41. | :07:43. | |
standards and belittling Britain's place in the world. | :07:44. | :07:52. | |
Shares in the Japanese car-maker Mitsubishi have fallen sharply after | :07:53. | :07:55. | |
It relates to fuel economy data for its cars in Japan. | :07:56. | :07:59. | |
Tim McDonald is following this from our Asia Business Hub. | :08:00. | :08:02. | |
Tim, what do we know about the emissions tests? As you | :08:03. | :08:07. | |
mentioned shares took a tumbling, about 15% merely on reports that the | :08:08. | :08:13. | |
Japanese car-maker conducted improper fuel tests. Now, we don't | :08:14. | :08:15. | |
really know anything about the nature of the tests and | :08:16. | :08:20. | |
how they were improper, but on the market reaction alone, it is a very | :08:21. | :08:22. | |
bad day for Mitsubishi. If this all seems just a little | :08:23. | :08:29. | |
familiar, it is probably because of another car maker, Volkswagen, it | :08:30. | :08:30. | |
was hammered about six months ago when it emerged they installed | :08:31. | :08:36. | |
emissions test cheating software into 11 million diesel engines | :08:37. | :08:39. | |
worldwide and it affected the bottom line for them, VW is recalling | :08:40. | :08:43. | |
millions of cars worldwide as a result | :08:44. | :08:44. | |
of the scandal and they have set aside $7 billion to cover the costs | :08:45. | :08:49. | |
and VW posted its first quarterly loss | :08:50. | :08:50. | |
in eight years and Volkswagen isn't alone, another car maker | :08:51. | :09:01. | |
agreed to pay penalties for overstating | :09:02. | :09:13. | |
their vehicle ratings. Will it be a similar story for Mitsubishi? We | :09:14. | :09:16. | |
don't really know. This comes a week before they release their full-year | :09:17. | :09:21. | |
results for 2015 and it revised down estimates, but you know, of course, | :09:22. | :09:24. | |
that won't apply to, you notion what happened today won't apply to last | :09:25. | :09:31. | |
year's results, but we will hear in an hour or so, in half an hour, | :09:32. | :09:35. | |
there will be a press conference that will shed more light on what | :09:36. | :09:38. | |
it can mean for Mitsubishi and how serious these results are. | :09:39. | :09:41. | |
close eye on that story. Tough times ahead for Mitsubishi. | :09:42. | :09:58. | |
We did see the main market in Japan close | :09:59. | :10:02. | |
on the day, but we saw significant losses in Hong Kong and China. It is | :10:03. | :10:10. | |
a mixed day for markets around the world. Lots of issues, the oil price | :10:11. | :10:13. | |
sliding again in Europe, we have I say the main markets, London, | :10:14. | :10:21. | |
France and Germany all down on the day. | :10:22. | :10:22. | |
The big losers are the energy stocks. As I haven't got any numbers | :10:23. | :10:28. | |
to show you, I will move on. We will discuss the markets in detail in a | :10:29. | :10:32. | |
moment, but let's talk you through the news from | :10:33. | :10:39. | |
Intel, In the US, The tech giant Intel | :10:40. | :10:45. | |
that is taking drastic action to boost its bottom line as it | :10:46. | :10:48. | |
grapples with the swift decline The CEO admitted Intel missed a move | :10:49. | :10:51. | |
to mobile wallet was dominating the business of making chips | :10:52. | :10:55. | |
for personal computers. More of our technology was moving | :10:56. | :10:57. | |
on to mobile phones and tablets. In the fastest-growing | :10:58. | :11:00. | |
and most lucrative part And now it faces the daunting | :11:01. | :11:03. | |
prospect of the next stage of the IT An increasing number | :11:04. | :11:07. | |
of the electronic devices in our homes and offices | :11:08. | :11:15. | |
are becoming Internet devices, It is already a sizeable market, | :11:16. | :11:20. | |
but it is expected to get much That's why even though Intel | :11:21. | :11:26. | |
is still a huge force in technology, it needs to restructure and quickly | :11:27. | :11:32. | |
to try to dominate the market for Internet devices and the cloud | :11:33. | :11:35. | |
just as it dominated the PC market. If it doesn't, many more jobs might | :11:36. | :11:45. | |
be lost than the 12,000 it shed. Joining us is Manji Cheto, | :11:46. | :11:53. | |
an analyst at London-based Good morning. Good morning. Let's | :11:54. | :12:03. | |
talk markets because we touched on Intel and there was a lot of | :12:04. | :12:05. | |
movement yesterday because we had the likes of Yahoo and Goldman | :12:06. | :12:11. | |
Sachs. What's caught your eye today? I think, you know, the Yahoo story. | :12:12. | :12:15. | |
That's been dragging on for a little bit. | :12:16. | :12:16. | |
have been expecting a sale happening. I don't know if it is | :12:17. | :12:20. | |
going to come, if it is going definitely considering actually was | :12:21. | :12:27. | |
part of the Yahoo generation. We talked a lot about it on the | :12:28. | :12:30. | |
programme yesterday and because clearly we are still waiting for | :12:31. | :12:34. | |
details on a bid and the results coming | :12:35. | :12:34. | |
in much better than expected, but it is hard to know which way the | :12:35. | :12:40. | |
markets will perceive this in terms of their shares rising in after | :12:41. | :12:43. | |
hours yesterday, but it is a temporary blip. Exactly. | :12:44. | :12:45. | |
It is just because markets are anticipating that a sale will close | :12:46. | :12:51. | |
soon and I'm not sure, you know, that we're there. | :12:52. | :12:52. | |
The other thing as well, I mean, the actual numbers was a loss of $99 | :12:53. | :12:58. | |
million compared it a profit of $21 million the year before. | :12:59. | :13:00. | |
But not as bad as was expected. How low can expectations be? The same | :13:01. | :13:07. | |
with Goldman Sachs, the Goldman Sachs numbers were pretty awful and | :13:08. | :13:11. | |
yet shares went up? Yeah. I don't know. | :13:12. | :13:12. | |
I think we will see where things go with that. For now, you're going to | :13:13. | :13:18. | |
talk us through the paper stories later, | :13:19. | :13:19. | |
but for now, thank you. We'll get the inside | :13:20. | :13:25. | |
track on the booming Capturing incredible | :13:26. | :13:27. | |
shots like these has led to a boom in drones, | :13:28. | :13:35. | |
but are they safe You're with Business Live from BBC | :13:36. | :13:37. | |
News. Banking in the UK is still dominated | :13:38. | :13:42. | |
by the so-called big four - Barclays,Lloyds, | :13:43. | :13:52. | |
HSBC and Natwest. But what about those new challenger | :13:53. | :13:58. | |
banks designed to break up that monopoly and give | :13:59. | :14:01. | |
us all more choice? Well, one of those is Metrobank | :14:02. | :14:03. | |
and it's just released its first quarterly figures since it floated | :14:04. | :14:06. | |
on the stock exchange last month. It says 2016 saw record growth | :14:07. | :14:08. | |
in deposits and lending. Vernon Hill is the Chairman | :14:09. | :14:11. | |
of Metro Bank and joins us now. A good set of Figgs. The markets | :14:12. | :14:16. | |
seem to like what they have seen and the first set of Figgs since you | :14:17. | :14:20. | |
listed? Yes, this is the first public release after we listed in | :14:21. | :14:24. | |
March. It is the outstanding quarter, growth as you said in | :14:25. | :14:29. | |
deposits, loans and no accounts and the Metrobank model in Britain and | :14:30. | :14:32. | |
London just keeps going from strength to strength. | :14:33. | :14:38. | |
Having said that though, we are looking at ?11 million loss or | :14:39. | :14:41. | |
$16 million, but your net lending is up 125%. Talk us through the numbers | :14:42. | :14:52. | |
and what you are expecting next time because at the end of the day, | :14:53. | :14:55. | |
shareholders want to see profits, don't they, eventually? Well, | :14:56. | :15:02. | |
Metrobank is in its sixth year. We have under gone unbelievable growth | :15:03. | :15:06. | |
in deposits and lending. Nothing like this has been seen in America | :15:07. | :15:12. | |
or Britain. Our loss after when you deduct the special charge for the | :15:13. | :15:18. | |
public offering was actually ?7.9 million and our losses are dropping | :15:19. | :15:23. | |
and we expect to turn profit later this year. Metrobank is about giving | :15:24. | :15:28. | |
the British consumers and commercial clients a real choice. It is | :15:29. | :15:34. | |
different than the big four banks and the Brits have responded in a | :15:35. | :15:36. | |
great way. But you are still a bank on the High | :15:37. | :15:45. | |
Street and the trend would seem to be to have a bank on a smart device, | :15:46. | :15:53. | |
so are you really a challenge? 100%. Our job is to deliver the best in | :15:54. | :15:57. | |
consumer and business banking in every channel the client wants | :15:58. | :16:02. | |
in-store or online or mobile. We deliver the best on every channel. | :16:03. | :16:08. | |
unique service model works. We unique service model works. We | :16:09. | :16:11. | |
appreciate your time. Our top story, President Obama is on | :16:12. | :16:16. | |
the way to Saudi Arabia where trade relations have been tested thanks | :16:17. | :16:28. | |
to a much lower oil price We will keep you posted on | :16:29. | :16:31. | |
developments. Now let's get the inside | :16:32. | :16:37. | |
track on drones. They've only been around for a few | :16:38. | :16:41. | |
years but they're already fast While the sale of recreational | :16:42. | :16:44. | |
drones has exploded in recent years, it's commercial drone sales that | :16:45. | :16:48. | |
are transforming the way Commercial drone sales reached | :16:49. | :16:51. | |
$261 million in 2015 but are expected to almost double | :16:52. | :16:58. | |
to $481 million this year. More and more areas of business | :16:59. | :17:02. | |
are taking advantage of UAV technology, with agriculture | :17:03. | :17:07. | |
expected to account for 48% of all commercial | :17:08. | :17:10. | |
drone sales this year. The filming opportunities that | :17:11. | :17:15. | |
drones offer have allowed Airstoc have 5000 operators in over | :17:16. | :17:17. | |
100 countries and sells drone-shot aerial footage of everything from TV | :17:18. | :17:28. | |
shows to construction projects Giles Moore is the CEO | :17:29. | :17:31. | |
of Airstoc and joins me now. You have brought a couple of your | :17:32. | :17:44. | |
devices with you. People are getting increasingly familiar with what they | :17:45. | :17:48. | |
are and how they work. Talk us through the more unusual | :17:49. | :17:56. | |
applications. Agriculture? Used in a lot of different ways because of the | :17:57. | :18:01. | |
detail it can produce. It might look at what content in a wheat field. | :18:02. | :18:08. | |
Livestock control, crops are being, the detail is vast, which is why | :18:09. | :18:13. | |
people are starting to use it for farming, construction as well. Do | :18:14. | :18:22. | |
they round-up sheep? We have seen some of that on YouTube. What about | :18:23. | :18:31. | |
the sheepdog? They are still around. One of the most interesting ones I | :18:32. | :18:35. | |
have heard is someone trying to combat world deforestation with | :18:36. | :18:41. | |
maths forestation and trying to plant trees with drawings. We have | :18:42. | :18:50. | |
one on the desk, what you might call an entry level model. Costing about | :18:51. | :19:00. | |
?1500. You have also brought in a much more industrial one in the | :19:01. | :19:05. | |
corner, ominously staring at us. Talk us through what you would use | :19:06. | :19:10. | |
that for. That is the commercial grade drone which would be used for | :19:11. | :19:14. | |
media, for footage shown on television and cinema screens. Also | :19:15. | :19:23. | |
for construction, thermal imaging. Viewers' comments, we asked on | :19:24. | :19:28. | |
Twitter if people think they are great or dangerous. Someone says in | :19:29. | :19:33. | |
the wrong hands they could be very dangerous and then needs to be a | :19:34. | :19:38. | |
chord of conduct. We had a story about a drone hitting an aeroplane | :19:39. | :19:45. | |
coming into at Heathrow. It is on the minds of everybody, the | :19:46. | :19:51. | |
potential for good and bad. Yes, and the rules have been in place for a | :19:52. | :19:55. | |
long time and do not have to be changed. They have to be enforced. | :19:56. | :20:00. | |
What has happened with Heathrow and other incidents, it should be a mist | :20:01. | :20:07. | |
to accelerate the education of drones. You have people who it is | :20:08. | :20:13. | |
their passion and livelihood, consumers who want to fly at far | :20:14. | :20:17. | |
away as high and fast as they can and that is the danger. There are | :20:18. | :20:23. | |
specific rules and regulations about using them whoever you are. | :20:24. | :20:31. | |
Absolutely. It is that part of the Margetts than needs to be targeted | :20:32. | :20:35. | |
because the rules are in place and you can enforce them and people have | :20:36. | :20:39. | |
to be made aware of the rules. You can put things in place in terms of | :20:40. | :20:45. | |
technology, making it compulsory to register drones for accountability, | :20:46. | :20:50. | |
but it comes down to common sense. If your next Heathrow the last thing | :20:51. | :20:56. | |
you want to do is fly it 2000 feet in the hour. The industry is going | :20:57. | :21:00. | |
to get bigger. We have spoken about Amazon on delivering parcels using | :21:01. | :21:08. | |
drones. The air is going to get more crowded and it is going to get | :21:09. | :21:15. | |
busier. How do you regulate something about there about who has | :21:16. | :21:18. | |
commercial rights of way and recreational right-of-way and not | :21:19. | :21:23. | |
least helicopters and planes who are up there as well? It takes a lot of | :21:24. | :21:32. | |
time to get in place. The same when cars first came about, there was a | :21:33. | :21:37. | |
lot of mess at the start. There is with the drones coming into play. | :21:38. | :21:41. | |
Things like the livery will happen at some point, but it is a lot more | :21:42. | :21:47. | |
in advance of what you can do when you get there. A lot of it is | :21:48. | :21:51. | |
working together with the manufacturers to try to create the | :21:52. | :21:57. | |
technology that can prevent issues happening. As long as the stories | :21:58. | :22:13. | |
that come out, it is good. Thank you for your comments. I hope we have | :22:14. | :22:21. | |
answered some of your questions. There are a lot of other stories. | :22:22. | :22:29. | |
Coca-Cola is rebranding and trying to push its healthy credentials, | :22:30. | :22:40. | |
calling itself the zero sugar. I wonder if the tax has anything to do | :22:41. | :22:46. | |
with that. House-building, a national obsession. The first three | :22:47. | :22:51. | |
months of the year delays and uncertainty related to be you | :22:52. | :22:55. | |
referendum, it seems we are building fewer houses. You can stay ahead | :22:56. | :23:07. | |
with all of the breaking business news. With insight and analysis from | :23:08. | :23:14. | |
the BBC's team of editors around the world. We want to hear from you. Get | :23:15. | :23:24. | |
involved on the web page. On Twitter and Facebook. Business Live, on TV | :23:25. | :23:35. | |
and online, whenever you need to know. | :23:36. | :23:43. | |
Now it's time for a look at the papers. | :23:44. | :23:45. | |
The New York Times reports on a story we have been | :23:46. | :23:48. | |
covering this morning, that Yahoo reported a $99 million | :23:49. | :23:50. | |
quarterly loss, as it reviews offers from potential bidders. | :23:51. | :23:52. | |
The Times meanwhile quotes the Grosvenor Group, | :23:53. | :23:53. | |
which manages billions of dollars in property. | :23:54. | :23:55. | |
They say the housing market looks like it will head downward | :23:56. | :23:58. | |
We had an opposite report earlier this week. | :23:59. | :24:07. | |
And the Huffington Post covers news that it may be more than a decade | :24:08. | :24:10. | |
before there is a woman on the front of a US dollar bill. | :24:11. | :24:13. | |
What other business stories has the media been | :24:14. | :24:15. | |
Manji Cheto from Teneo Intelligence is joining us again to discuss. | :24:16. | :24:19. | |
Banknotes. I am fascinated by how much of a political hot potato they | :24:20. | :24:29. | |
are. We have had this debate already about the ?10 note. This is the | :24:30. | :24:34. | |
American discussion. A lot of discussion about when a woman will | :24:35. | :24:39. | |
finally appeared on a banknote. Women will have to appear until 2030 | :24:40. | :24:45. | |
to get their face on a banknote. Reading the story made me think I | :24:46. | :24:49. | |
cannot believe we have had to wait this long to make it happen and it | :24:50. | :24:55. | |
is that we have to wait until 2030. A little bit of a step back for | :24:56. | :25:01. | |
women who have been campaigning. This is in the US specifically. If | :25:02. | :25:05. | |
we end up with a female president things might change. Whoever gets | :25:06. | :25:10. | |
the job I imagine we'll have other things on their mind. Do you live in | :25:11. | :25:19. | |
London? Yes. I am waiting for the correction to happen. I am renting | :25:20. | :25:30. | |
at the moment. I love the area that I live, Chiswick, and I cannot | :25:31. | :25:35. | |
afford to buy. Hopefully that correction will happen across the UK | :25:36. | :25:41. | |
including London. Why do they say a correction is coming? Stamp duty | :25:42. | :25:46. | |
changes and the strength of the pound. Concern about the EU | :25:47. | :25:51. | |
referendum and what happens to the markets. | :25:52. | :26:13. | |
Tonnes of sunshine on the way today. Enjoy it if | :26:14. | :26:15. |