Browse content similar to 08/08/2016. Check below for episodes and series from the same categories and more!
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The UK's Serious Fraud Office has launched an investigation | :00:00. | :00:00. | |
into allegations of fraud, bribery and corruption at Airbus. | :00:00. | :00:28. | |
Also in the programme, building walls and trashing trade agreements. | :00:29. | :00:33. | |
Donald Trump laying out his economic plans for the world's biggest | :00:34. | :00:38. | |
economy. We have the latest from the markets where Asian markets hit a | :00:39. | :00:42. | |
high for the year following the Wall Street stunning job figures in the | :00:43. | :00:47. | |
USA on Friday. Does that make you thirsty or even hungry? We will hear | :00:48. | :00:54. | |
an amazing smoothie success story and meet the fastest-growing | :00:55. | :00:57. | |
smoothie company in the UK and ask what is their winning recipe? We | :00:58. | :01:02. | |
want to hear from you, too. Do you buy into the story or perhaps you | :01:03. | :01:09. | |
are an addict or believe it is a fad which will pass. Get in touch with | :01:10. | :01:11. | |
us. The UK's Serious Fraud Office has | :01:12. | :01:24. | |
launched an investigation into allegations of fraud, | :01:25. | :01:26. | |
bribery and corruption involving The allegations relate | :01:27. | :01:28. | |
to irregularities concerning the use Airbus said it was co-operating | :01:29. | :01:38. | |
with the probe, which was The bosses of Britain's biggest | :01:39. | :01:41. | |
companies now take home an average of around $7.2m per year- | :01:42. | :01:45. | |
this according to a report Tell us more about this | :01:46. | :02:03. | |
investigation. We know that air bus was carrying out an internal | :02:04. | :02:07. | |
compliance review and back in April, it reported itself to the | :02:08. | :02:12. | |
authorities because it found inaccuracies in the applications it | :02:13. | :02:16. | |
had been making for exporter credit guarantees from the UK Government, | :02:17. | :02:21. | |
so Airbus has been talking about this in recent months and we know | :02:22. | :02:26. | |
that last night, late on Sunday in the UK, Airbus put out a statement | :02:27. | :02:30. | |
saying the Serious Fraud Office has launched a criminal investigation | :02:31. | :02:33. | |
looking at fraud, bribery and corruption. Potentially very serious | :02:34. | :02:41. | |
allegations indeed. For those were not familiar, explain how these | :02:42. | :02:44. | |
exporter credits work and where the third parties come in? This is where | :02:45. | :02:49. | |
companies such as Airbus is exporting something abroad and it | :02:50. | :02:53. | |
may well be you need some kind of financial guarantee to make sure | :02:54. | :02:56. | |
that sale takes place, until you apply to the agency and the country | :02:57. | :03:02. | |
concerned. We know 6% of Airbus sales were guaranteed by exporter | :03:03. | :03:10. | |
credit finance but, since the Airbus notified the authorities about these | :03:11. | :03:13. | |
inaccuracies earlier this year, Britain has frozen new applications | :03:14. | :03:18. | |
and so has France and Germany as well. So this does potentially have | :03:19. | :03:24. | |
some kind of financial impact. Clearly some serious ramifications | :03:25. | :03:27. | |
for the company but what happens next? What is the next stage of | :03:28. | :03:32. | |
this? The Serious Fraud Office can take an incredibly long time. | :03:33. | :03:37. | |
Rolls-Royce has had a separate investigation by the SFO and it's | :03:38. | :03:41. | |
already been going on for about four years so Airbus may well not know | :03:42. | :03:44. | |
the outcome of this for quite some time. Of course, this could be a | :03:45. | :03:50. | |
blow to the company, not just in terms of access to export credit | :03:51. | :03:54. | |
guarantees, but also reputations as well, because Airbus is locked in a | :03:55. | :03:57. | |
great global battle with its archrival Boeing to dominate the | :03:58. | :04:05. | |
battle for passenger jets and this could mean the company takes a hit | :04:06. | :04:08. | |
to its reputation. More detail on that on the website. Shares are | :04:09. | :04:17. | |
falling in early trade. Let's check on some other news for you. The | :04:18. | :04:20. | |
Chinese economy has shown further signs of weakness. The latest trade | :04:21. | :04:25. | |
figures came in worse than expected exports shrinking for the 21st month | :04:26. | :04:31. | |
in a row. Experts fell 4% in July, worse than expectations in dollar | :04:32. | :04:36. | |
terms. China is a crucial driver of the worldwide economy so the data is | :04:37. | :04:40. | |
seen as a snapshot of a global outlook and that uncertainty ranging | :04:41. | :04:46. | |
from commodity prices to the EU debt crisis and the UK leaving the EU | :04:47. | :04:50. | |
bloc continues to mute some activity around the world. The bosses of | :04:51. | :04:58. | |
Britain's biggest companies take home on average $7.2 million per | :04:59. | :05:01. | |
year according to a report by the UK high pay centre. | :05:02. | :05:03. | |
The study found that chief executives of firms on London's FTSE | :05:04. | :05:05. | |
100 index saw their mean average income rise by 10% in 2015. | :05:06. | :05:08. | |
The findings come just weeks after the UK's new prime minister | :05:09. | :05:11. | |
proposed a crackdown on excessive boardroom salaries. | :05:12. | :05:21. | |
You can imagine it's got a lot of people and their tongues wagging | :05:22. | :05:29. | |
today both for and against the high pay. It's a big story on our website | :05:30. | :05:34. | |
as well as our other stories. We have some data which is just come in | :05:35. | :05:40. | |
early today, German industrial production, of course, Germany is a | :05:41. | :05:43. | |
big trade partner with the UK, so there has been some concern about | :05:44. | :05:47. | |
what would happen with German growth. We have German production | :05:48. | :05:51. | |
figures here, growing again in June before the referendum result. | :05:52. | :05:57. | |
Slightly better than expected. A little bit better. All eyes are on | :05:58. | :06:00. | |
Germany to see what impact they will be, if any, on the Brexit about and | :06:01. | :06:08. | |
the end of it. Ben is covering the story. He is tweeting. The longest | :06:09. | :06:13. | |
rail strike since 1968 has begun. A five-day walk-out by members of the | :06:14. | :06:18. | |
RMT union here in the UK, affecting many travellers on the southern | :06:19. | :06:21. | |
network. So do take a look before you set off if you're not already | :06:22. | :06:24. | |
stuck on a train now. You probably are. | :06:25. | :06:26. | |
Japanese Prime Minister Shinzo Abe that his government would take | :06:27. | :06:28. | |
"seriously" Emperor Akihito's hint at a possible future abdication. | :06:29. | :06:30. | |
The Japanese Emperor has expressed concern about his ability to carry | :06:31. | :06:33. | |
Our correspondence is in Singapore. This is not an expected news but an | :06:34. | :06:54. | |
enormous story, isn't it, in Japan? Indeed, Sally. Very significant. | :06:55. | :06:58. | |
Only the second time the Japanese emperor has addressed the people of | :06:59. | :07:02. | |
Japan directly. The first time was after that massive earthquake and | :07:03. | :07:09. | |
tsunami in 2011. As he said, we had a report by Japan's national | :07:10. | :07:13. | |
broadcaster saying he was hoping to abdicate, so there was no major | :07:14. | :07:17. | |
surprise except I personally felt his wording was stronger than | :07:18. | :07:22. | |
expected though it was very carefully worded because, under the | :07:23. | :07:27. | |
post-war constitution of Japan, he is Japan's symbol, and not supposed | :07:28. | :07:31. | |
to make any political statements but he made it clear he is increasingly | :07:32. | :07:35. | |
finding it difficult to fulfil his duties as the Emperor. And after | :07:36. | :07:41. | |
that report, about a month ago, there have been a number of opinion | :07:42. | :07:44. | |
polls and it does seem to suggest the majority of the Japanese public | :07:45. | :07:49. | |
seem to support his desire, if that is the case, so the government will | :07:50. | :07:55. | |
now look at a possible law change to make it happen. OK, thank you. Let's | :07:56. | :08:06. | |
check in with the markets. The same picture right across Asia at the | :08:07. | :08:10. | |
moment, towards one-year highs full to the dollar has strengthened. | :08:11. | :08:14. | |
Expectations of a rate rise are round about 47% after that stunning | :08:15. | :08:16. | |
jobs number we had on Friday. The payroll data signals a recovery | :08:17. | :08:21. | |
in spending power and the overall US economy, and that's | :08:22. | :08:24. | |
driving positive sentiment. This is how the picture has | :08:25. | :08:25. | |
opened up across Europe. Let's have a quick look and speak to | :08:26. | :08:40. | |
our correspondence about Wall Street today. Company United spirits and | :08:41. | :08:48. | |
others supporting financials. The price of oil has been low but it's | :08:49. | :08:53. | |
starting to increase and that could impact the future outlooks for some | :08:54. | :08:57. | |
airlines. Other companies are reporting earnings later this week | :08:58. | :09:05. | |
including Disney, China's online retailer, Ali baba, and American | :09:06. | :09:11. | |
department store Macy's. Speaking of Macy's, US retail sales for July are | :09:12. | :09:15. | |
released this week and these are important since two thirds of the US | :09:16. | :09:20. | |
economy depends on consumer spending. Economists suggest those | :09:21. | :09:24. | |
numbers continued their upward climb and will show that the last three | :09:25. | :09:28. | |
months will be the country's strongest consumer spending numbers | :09:29. | :09:34. | |
since the end of 2014. Thank you. James is with us. Nice to see it. | :09:35. | :09:42. | |
Are you a smooth the kind of man or not? I'm talking about... I don't | :09:43. | :09:50. | |
drink smoothies, put it that way. I'm not an overly healthy person | :09:51. | :09:54. | |
particularly anyway. Healthy eating isn't necessarily one of my forte | :09:55. | :09:57. | |
is. I imagine all your colleagues are grabbing smoothies on the way to | :09:58. | :10:03. | |
the trading floor, surely? Yes, kind. Depends what kind of person | :10:04. | :10:08. | |
you are. I'm trying to push this up as much as I can but mainly coffee. | :10:09. | :10:13. | |
Lots of caffeine. China data and the trade debt, we've not mention that, | :10:14. | :10:20. | |
but it's 21 months in a row of exports coming down for the are we | :10:21. | :10:25. | |
worried? Yes, it is worrying the full Chinese data is it is bad and | :10:26. | :10:30. | |
continues to be bad and the market grabs onto it, big movements on the | :10:31. | :10:35. | |
back of it but then something else comes along, we ignore the negative | :10:36. | :10:39. | |
Chinese data which continues to be there. Once we get strong data out | :10:40. | :10:43. | |
of the US, and something else negative on a Sunday night, from | :10:44. | :10:48. | |
China, we grab onto that straightaway again, but these | :10:49. | :10:53. | |
numbers are bad for the 4.4% down in exports, around 12% in dollar terms, | :10:54. | :11:00. | |
so massive, OK, it's... Market is not necessarily phased but we had | :11:01. | :11:03. | |
good news last week but we got to look for something negative to grab | :11:04. | :11:07. | |
onto. I wonder whether or not be imported picture is a bit more | :11:08. | :11:10. | |
concerning because that had fallen quite a lot and that suggests that a | :11:11. | :11:17. | |
bit of a waning in domestic demand. For the rest of the world, that can | :11:18. | :11:22. | |
be a very big deal. That's the key thing we have in China for the | :11:23. | :11:25. | |
domestically, things are not looking particularly good and anything which | :11:26. | :11:28. | |
has been negative domestically has been helped by the export picture | :11:29. | :11:32. | |
but with both of them being so negative at the moment, it paints a | :11:33. | :11:36. | |
pretty unhealthy picture going forward. China are trying to do | :11:37. | :11:40. | |
something with the economic policy that as we know, monetary policy | :11:41. | :11:44. | |
around the world, poor economic, don't necessarily always help so | :11:45. | :11:49. | |
that the picture we have got. Fire all your bollard early, there's not | :11:50. | :11:51. | |
much you can do when things continue to go wrong. James, thank you. -- | :11:52. | :11:58. | |
bullets. I won't be offering you a smoothly, though. A strong coffee. | :11:59. | :12:04. | |
Still to come, making a smoothly a success story. We will meet the | :12:05. | :12:08. | |
fastest-growing smoothie company in the UK and asking what is their | :12:09. | :12:14. | |
recipe for success. You are with business life from BBC News. Let's | :12:15. | :12:20. | |
analyse the fact that in this country apparently, we are a nation | :12:21. | :12:23. | |
of shoppers, restaurant goers, and drinkers. So says various research | :12:24. | :12:30. | |
coming out lately. Yes, a fresh report out today from these for the | :12:31. | :12:34. | |
babe released figures suggesting consumer spending rose last month, | :12:35. | :12:38. | |
despite concerns about the wider economy. Why were their concerns? | :12:39. | :12:45. | |
Brexit. Should I say that word? Ruth Gregory is from capital economic. | :12:46. | :12:50. | |
Why are we spending so much in July? It seems that consumers were | :12:51. | :12:53. | |
enjoying the warm weather in July by spending more on things like new | :12:54. | :13:00. | |
clothing, meals out and day trips. That is quite reassuring given the | :13:01. | :13:02. | |
thoroughly downbeat consumer related services we had recently. It | :13:03. | :13:09. | |
suggests consumer spending held up in July by more than some of these | :13:10. | :13:16. | |
things had originally thought. So perhaps some of these economic | :13:17. | :13:19. | |
reports that are predicting a really rough time ahead for the UK economy | :13:20. | :13:24. | |
might not necessarily be true? I think we should be more cautious | :13:25. | :13:28. | |
about putting weight on just one month's data. If you look at the | :13:29. | :13:31. | |
underlying trend, growth was weaker than earlier in the year so there is | :13:32. | :13:35. | |
still a slowing trend and, given that we have got weaker confidence, | :13:36. | :13:40. | |
the pound has fallen by around 10% since the referendum, which would | :13:41. | :13:47. | |
increase retail prices, and eat into household spending power, we were | :13:48. | :13:51. | |
expecting fairly subdued growth for the rest of this year. What sort of | :13:52. | :13:55. | |
lag time do we normally see between downturns in sentiment and what | :13:56. | :14:02. | |
we've seen from constructor in sector and services, to how it | :14:03. | :14:07. | |
impacts consumers and a real sentiment on the street? Some of the | :14:08. | :14:10. | |
survey evidence we've had so far has been about the especially turbulent | :14:11. | :14:16. | |
period immediately after the referendum so it's not clear how | :14:17. | :14:19. | |
much of this reflects the knee jerk reaction and initial shock factor so | :14:20. | :14:24. | |
it will take some time before we get a feel of what the clear impact has | :14:25. | :14:28. | |
been. Indeed, we won't have any hard data on consumer spending growth | :14:29. | :14:33. | |
until at least September or October. OK, wonderful, thank you very much. | :14:34. | :14:37. | |
Now a quick look at some of the stories on our web page. The CEO of | :14:38. | :14:45. | |
WPP, the highest-paid FTSE 100 boss on the day high pay is | :14:46. | :14:47. | |
controversial. This is the UK's serious fraud | :14:48. | :15:00. | |
Office launches a criminal investigation into Europe's biggest | :15:01. | :15:05. | |
aircraft manufacturer, Airbus. Let's show you how the markets are doing. | :15:06. | :15:10. | |
A new trading week under way. They are headed up and higher in Europe | :15:11. | :15:14. | |
across the board after a strong session overnight in Asia, with the | :15:15. | :15:17. | |
Japan market closing on a high. And now to the world of beverages | :15:18. | :15:22. | |
and health food fads. We're talking Savse smoothies, | :15:23. | :15:25. | |
which is the fastest growing In just three years, | :15:26. | :15:27. | |
the company has turned into a $13 million turnover business | :15:28. | :15:30. | |
And while there's a decline generally in the business, | :15:31. | :15:33. | |
Savse has seen a 600% increase The word 'savse' means crammed full | :15:34. | :15:35. | |
of goodness in Georgian. And the idea came when the founder's | :15:36. | :15:43. | |
mum was pregnant and had to start making her own smoothies | :15:44. | :15:46. | |
to combat iron deficiency - Guka Tavberidsy is the founder | :15:47. | :15:50. | |
and chief executive Welcome to the programme. Thank you. | :15:51. | :16:09. | |
It is a pleasure to be here. This is really your mum's recipe, 38 years | :16:10. | :16:16. | |
in the making. How hard was it to turn from your mum's kitchen into a | :16:17. | :16:24. | |
business? It was very challenging but very exciting. It was around | :16:25. | :16:28. | |
five years ago that I wanted to start something of my own. I wanted | :16:29. | :16:34. | |
to start something with the right values and watch it grow into | :16:35. | :16:37. | |
something spectacular. But I literally had no idea how to start. | :16:38. | :16:45. | |
I had no experience. I had no degree. Just a normal guy with a | :16:46. | :16:48. | |
dreamer wanting to do something on my own. Humble beginnings. The first | :16:49. | :16:54. | |
couple of years of setting up the brand and launching it generally, I | :16:55. | :16:58. | |
was actually sleeping on my mother's couch! That was my meeting room, | :16:59. | :17:06. | |
bedroom, everything. It was quite challenging. But as an early | :17:07. | :17:09. | |
entrepreneur you are willing to do what it takes. You have managed to | :17:10. | :17:14. | |
pull it off. You didn't go to business school. But you were very | :17:15. | :17:20. | |
passionate about your product. How did you manage to get these | :17:21. | :17:26. | |
smoothies from your mum's kitchen onto the shelves of supermarkets in | :17:27. | :17:29. | |
this country, being sold by the millions? The first question I asked | :17:30. | :17:36. | |
myself was, why aren't other companies making smoothies which are | :17:37. | :17:42. | |
nutritious? The drinks were he'd pasteurised, made with powders and | :17:43. | :17:48. | |
additives. Loads of sugar as well. Absolutely. There was definitely a | :17:49. | :17:52. | |
gap in the market. The key challenge for me was how to take this from my | :17:53. | :17:56. | |
mother 's kitchen and put them on the shop floor is without | :17:57. | :18:01. | |
compromising on the taste, quality and nutrition of the drink. | :18:02. | :18:05. | |
Initially I was advised the pasteurisation was the only way. If | :18:06. | :18:09. | |
I didn't follow through on this method, I would not have a business. | :18:10. | :18:14. | |
I absolutely refused, purely because I wanted to stay faithful to the | :18:15. | :18:18. | |
consumers and to the values of my mother, the way she was making them | :18:19. | :18:24. | |
in her kitchen. Some of the bigger, better known competitors, use a | :18:25. | :18:29. | |
different process, a heat pasteurisation process and powders, | :18:30. | :18:34. | |
which is not as authentic and natural. That is why your smoothies | :18:35. | :18:38. | |
are wider bit more to buy them say the bigger names we have heard of. | :18:39. | :18:47. | |
Yes, you are effectively cooking the ingredients to 71 degrees. Once you | :18:48. | :18:53. | |
cook them to 71 degrees twice, you are stripping it of all nutrition | :18:54. | :18:57. | |
left in the drink. The way we make it is totally different. We use cold | :18:58. | :19:03. | |
pressing. You are preparing the ingredients in their natural form. | :19:04. | :19:08. | |
These ingredients are then blended. When they are blended, the recipe is | :19:09. | :19:18. | |
bottled. You have got purple, orange, green, white. Those are | :19:19. | :19:22. | |
similar looking in colour. To lots of others. They are more expensive. | :19:23. | :19:29. | |
Two people who do not know the brand and do not know about the fact that | :19:30. | :19:33. | |
cold press is better for you, why would people go out and buy this one | :19:34. | :19:38. | |
the one that looks really similar to it is maybe ?1, $1 cheaper. Us? This | :19:39. | :19:45. | |
is the challenge we face as a brand. Something we're looking to overcome. | :19:46. | :19:50. | |
It is important to us that we do talks like this and get as much | :19:51. | :19:54. | |
noise out there as possible that cold pressing is better for the | :19:55. | :19:58. | |
consumers. They get a fresher product. So much more to discuss. | :19:59. | :20:03. | |
But we are out of time. Thank you so much for coming in. We wish you all | :20:04. | :20:06. | |
the best. Thank you very much. In a moment, we'll take a look | :20:07. | :20:10. | |
through the Business Pages but first here's a quick reminder of how | :20:11. | :20:13. | |
to get in touch with us. The business life pages where you | :20:14. | :20:20. | |
can stay ahead of all the breaking business news. We will keep you | :20:21. | :20:25. | |
up-to-date with the latest details, with insight and analysis from our | :20:26. | :20:28. | |
team of editors around the world. We want to hear from you. Get involved | :20:29. | :20:38. | |
on the Business Live web page. On Twitter. And on Facebook. | :20:39. | :20:48. | |
We are now going to look at some of the stories in the papers. And they | :20:49. | :20:55. | |
are dominated by one certain individual today, yet again. It is | :20:56. | :21:00. | |
the Republican nominee for the presidential job, Donald Trump. And | :21:01. | :21:07. | |
we have got Jacob here, assistant head at Chatham House. Let's start | :21:08. | :21:13. | |
with a story in the financial Times that lays out the story about what | :21:14. | :21:17. | |
we're going to hear today. Donald Trump will be talking about the | :21:18. | :21:22. | |
economy later. He has had what might be the worst couple of weeks in any | :21:23. | :21:26. | |
moderate presidential campaign history. He got into a lengthy fight | :21:27. | :21:32. | |
with the family of a slain US soldier. He feuded with a baby. It | :21:33. | :21:36. | |
has not been a good couple of weeks. You have seen his popularity sliding | :21:37. | :21:41. | |
and Hillary Clinton's increasing to the extent that she is about seven | :21:42. | :21:47. | |
points ahead. Trump is trying to rebuild his campaign. He is trying | :21:48. | :21:52. | |
to focus on the economy and say, I am the candidate. Previously he has | :21:53. | :21:58. | |
talked about security and protecting America. Now he wants to talk about | :21:59. | :22:02. | |
protecting American jobs and the American economy. Will he convince | :22:03. | :22:07. | |
voters when it comes to the issue of the economy? DfT says one of the | :22:08. | :22:12. | |
things he is going to propose is that he will be able to double | :22:13. | :22:16. | |
growth of the world's biggest economy? Is that feasible? Many say | :22:17. | :22:25. | |
is policies don't add up. His spending plans don't add up. They | :22:26. | :22:28. | |
would add an enormous amount to the deficit. He has not provided | :22:29. | :22:34. | |
anything except for unspecified growth. We don't really know what | :22:35. | :22:42. | |
the impact would be. No one has really tried to turn back the clock | :22:43. | :22:49. | |
on American economic policy the way Trump is talking about, to penalise | :22:50. | :22:52. | |
American companies are outsourcing jobs. There is not a lot of evidence | :22:53. | :22:58. | |
either way. The weight of conventional evidence would suggest | :22:59. | :23:00. | |
he would be adding an enormous amount to the deficit without | :23:01. | :23:05. | |
bringing in Acomb parable amount in terms of tax receipts. Lots of | :23:06. | :23:10. | |
people around the world have been quite surprised by the rise of | :23:11. | :23:15. | |
Trump. People say he has been a lightning rod for populism and | :23:16. | :23:19. | |
anxiety and fear in the country. There is a Wall Street Journal | :23:20. | :23:23. | |
article today about discord, about what voters really care about. This | :23:24. | :23:28. | |
says it is not wages. This is not the problem when it comes to the | :23:29. | :23:34. | |
economy. In a way his economic reboot comes at a bad time. There | :23:35. | :23:40. | |
was a report on jobs which was quite good. The American economy has | :23:41. | :23:44. | |
continued to grow fairly strongly in recent months. That makes it | :23:45. | :23:47. | |
difficult for Trump to sell this message that the economy is broken | :23:48. | :23:51. | |
and only he can fix it. There is a lot of evidence. Trump voters are | :23:52. | :23:56. | |
actually wealthier than the media in America, according to some evidence. | :23:57. | :24:02. | |
Instead of those who are left behind, you have got this much more | :24:03. | :24:06. | |
upwardly mobile group of small business holders who were supporting | :24:07. | :24:11. | |
Trump. That suggests he is trying to appeal to voters who want to see | :24:12. | :24:17. | |
some sort of vague idea of America of the past, to make America great | :24:18. | :24:21. | |
again. It is interesting you should say that. We have all had the | :24:22. | :24:25. | |
assumption that the factory floor man and woman he has been appealing | :24:26. | :24:30. | |
to, those who want to devote four Bernie Sanders but can't now? I | :24:31. | :24:34. | |
don't think there is a lot of crossover between Bernie Sanders | :24:35. | :24:41. | |
folders and Trump voters. Trump is in fourth place among voters under | :24:42. | :24:46. | |
30. Sanders won massive margins among that demographic. Trump is | :24:47. | :24:49. | |
using to the Green Party and Libertarian candidates. A lot of | :24:50. | :24:56. | |
people who voted for sanders will not vote for Trump. There are major | :24:57. | :25:02. | |
issues between Trump and Clinton on the economy. What are they? I would | :25:03. | :25:10. | |
say primarily trade. Clinton is not a born and bred free-trade. She is | :25:11. | :25:14. | |
more willing to countenance it than Trump is. I would say taxes. She | :25:15. | :25:21. | |
wants to increase tax rates. Trump wants to cut them. Clinton for | :25:22. | :25:28. | |
education and Trump for business and manufacturing. Perfectly summarised. | :25:29. | :25:31. | |
You can come back. There will be more business news | :25:32. | :25:33. | |
throughout the day on the BBC Live webpage and on World | :25:34. | :25:38. | |
Business Report. | :25:39. | :25:40. |