Browse content similar to 11/08/2016. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News with Ben Thompson and Sally Bundock. | :00:00. | :00:14. | |
The Chinese e-commerce site Alibaba dominates the mainland, but it is | :00:15. | :00:25. | |
expected to announce a rise in revenues today. | :00:26. | :00:28. | |
Live from London, that's our top story on Thursday 11th August. | :00:29. | :00:37. | |
Storing your data in the cloud - it's key area of growth | :00:38. | :00:41. | |
for the Chinese internet giant Alibaba. | :00:42. | :00:44. | |
The firm is also hoping to expand its retail presence | :00:45. | :00:46. | |
with Australia at the top of the list. | :00:47. | :00:49. | |
We'll be looking at its plans for global expansion. | :00:50. | :00:51. | |
Are the curtains falling on China's cinema boom? | :00:52. | :00:56. | |
July ticket sales tumbled - adding to the ongoing | :00:57. | :00:58. | |
We will explain. European markets have looked like this in the first | :00:59. | :01:09. | |
45 minutes of trade, we will have the details. | :01:10. | :01:10. | |
And from being an executive at one of the world's biggest advertising | :01:11. | :01:17. | |
agencies to setting up a youth summit dubbed the Davos | :01:18. | :01:19. | |
We'll find out why founder Kate Robertson moved | :01:20. | :01:22. | |
And, apparently we are not going to the movies as much as we were. Have | :01:23. | :01:33. | |
you moved online? Let us know - just use the hashtag | :01:34. | :01:35. | |
#BBCBizLive. Working the hours that we do, I can | :01:36. | :01:46. | |
never stay awake for any film at the cinema! | :01:47. | :01:49. | |
We start with the tech giant Alibaba. | :01:50. | :01:51. | |
In a few hours, the world's biggest e-commerce firm is expected | :01:52. | :01:54. | |
to post strong revenues in its latest results. | :01:55. | :01:55. | |
It's based in China but can it fulfil its ambitions of becoming | :01:56. | :01:58. | |
Analysts say the online marketplace - a cross between Ebay, | :01:59. | :02:05. | |
Amazon and PayPal - will see its revenue for the first | :02:06. | :02:08. | |
It's cloud computing business - AliCloud - is expected to be | :02:09. | :02:16. | |
Earlier this year it announced it had reached half-a-million | :02:17. | :02:22. | |
It now hopes to challenge industry giants like Microsoft | :02:23. | :02:26. | |
But its global ambitions go beyond the cloud. | :02:27. | :02:31. | |
Alibaba says Australia is also a big part of its expansion plans - | :02:32. | :02:40. | |
and it hopes to open an office in Melbourne by the end | :02:41. | :02:43. | |
Ben Preston, e-commerce analyst at the consultants | :02:44. | :02:48. | |
Then outlining that Alibaba is growing, getting bigger, but what | :02:49. | :03:00. | |
about its international plans? You are right, first of all what an | :03:01. | :03:04. | |
extraordinary success story it has been. Alibaba is only 17 years old | :03:05. | :03:08. | |
and in that relatively short period of time it has grown to become not | :03:09. | :03:12. | |
only the largest e-commerce retailer in China but the entire world. As | :03:13. | :03:19. | |
they move on, as you rightly say, towards international markets, the | :03:20. | :03:20. | |
challenge for them is to replicate challenge for them is to replicate | :03:21. | :03:24. | |
the success they have had in China and do that | :03:25. | :03:44. | |
in new markets all over again. How will they pull that off? Many of us | :03:45. | :03:48. | |
have heard of Alibaba, that is one hurdle, but the other is the fact | :03:49. | :03:51. | |
that those of us outside of China are used to Amazon, eBay and others, | :03:52. | :03:54. | |
we have got our details with them, we rely on them, trust them. How | :03:55. | :03:57. | |
will they move into our world? It is one thing to grow as the market | :03:58. | :03:59. | |
leader, quite a different matter to gain customers away from an existing | :04:00. | :04:01. | |
market leader. An example, Alibaba tried to enter the US a couple of | :04:02. | :04:05. | |
years ago but had no success after a year. Likewise, Amazon try to go | :04:06. | :04:07. | |
into China and saw no success. As a customer, once you have got your | :04:08. | :04:10. | |
delivery details, credit card details entered, you trust the | :04:11. | :04:16. | |
retailer to deliver on time, you need something special to persuade | :04:17. | :04:20. | |
you to change your mind. Just because you have success in one | :04:21. | :04:24. | |
market, it does not guarantee you can replicated elsewhere. How will | :04:25. | :04:31. | |
Alibaba you are as? They will make acquisitions of existing market | :04:32. | :04:33. | |
players so they can get existing users. There will also send us | :04:34. | :04:41. | |
marketing offers and so forth to try and encourage us. Will it just be | :04:42. | :04:45. | |
about price? It cannot just be about price, date have to offer something | :04:46. | :04:51. | |
special. Amazon is not just about price, we trust them as retailers. | :04:52. | :04:55. | |
As long-term investors we have to identify the retailers that will win | :04:56. | :04:59. | |
because they offer price and trust and service and quality all in one | :05:00. | :05:04. | |
place. OK, thank you so much for coming in and giving us your views | :05:05. | :05:08. | |
on Alibaba, result out later, we will update you when we get them. | :05:09. | :05:12. | |
Some of the shine has come off the silver screen in China | :05:13. | :05:18. | |
after a 15% fall in cinema attendance in July, | :05:19. | :05:20. | |
on top of an ongoing downturn box office takings. | :05:21. | :05:22. | |
The slowdown comes in the wake of more than 50% growth last year. | :05:23. | :05:25. | |
Ticket sales in the three months to June fell by 10%, | :05:26. | :05:28. | |
marking the first drop in as many as five years. | :05:29. | :05:32. | |
The UK housing market has weakened following the referendum vote | :05:33. | :05:35. | |
to leave the European Union, according to the Royal Institution | :05:36. | :05:38. | |
Its July survey points to the biggest drop in transactions | :05:39. | :05:42. | |
since the global financial crisis in 2008. | :05:43. | :05:45. | |
Prices continued to rise nationally, but at the slowest | :05:46. | :05:47. | |
pace in three years - and actually fell in London. | :05:48. | :05:53. | |
South Korea's Samsung has denied withholding crucial information | :05:54. | :05:55. | |
from workers about chemicals they may have been exposed | :05:56. | :05:57. | |
The families of workers say there are about 200 cases | :05:58. | :06:07. | |
of employees contracting serious diseases. | :06:08. | :06:11. | |
Samsung said the safety of its workers was its | :06:12. | :06:13. | |
It says the allegations are not true. | :06:14. | :06:21. | |
As always, there are many stories and we cannot cover them all, but if | :06:22. | :06:26. | |
you want to get across just about everything in business you can go to | :06:27. | :06:31. | |
the Business Live page. This is the company that organises the bottling | :06:32. | :06:37. | |
of Coca-Cola soft drinks. It is a FTSE 100 company and has done | :06:38. | :06:40. | |
extremely well in the sense that it bottled more than 1 billion cases in | :06:41. | :06:46. | |
the last six months in 28 countries. That gave it a sales of 3 billion | :06:47. | :06:52. | |
euros, first half profits were roughly flat, though, for the | :06:53. | :06:55. | |
Coca-Cola bottling Company. Full details on the website and | :06:56. | :07:05. | |
worth looking at this story here, TUI, the biggest travel operator in | :07:06. | :07:09. | |
Europe, worries about the failed coup in Turkey there, it worries | :07:10. | :07:16. | |
that sales growth this year will be between two and 3% rather than the | :07:17. | :07:20. | |
5% previously expected. That is all on our website. | :07:21. | :07:27. | |
Singapore has some lacklustre numbers out this morning-its shaved | :07:28. | :07:29. | |
off a full 1% from its growth forecast for 2016 - | :07:30. | :07:32. | |
and it's now estimated at between 1% to 2%. | :07:33. | :07:34. | |
The economy grew by 2.1% in the second quarter | :07:35. | :07:36. | |
compared to a year ago, which is also lower than forecast. | :07:37. | :07:39. | |
The interesting thing about Singapore, as you can see behind me, | :07:40. | :07:48. | |
it is seen as a bellwether for the region, how Singapore is doing. | :07:49. | :07:54. | |
Indeed, you are right, it is often among the first to signal a slowdown | :07:55. | :07:58. | |
as it is such a financial and trading centre, as you can see from | :07:59. | :08:01. | |
all of these buildings behind big, it reflects what is going on | :08:02. | :08:06. | |
elsewhere far quicker. The government has cut its economic | :08:07. | :08:10. | |
growth forecast to 1%, 2%, it was previously stated as closer to 3%, | :08:11. | :08:18. | |
and economists are projecting Singapore could see its slowest pace | :08:19. | :08:23. | |
of growth since the financial crisis of 2009, in line with what the | :08:24. | :08:27. | |
government has projected as well. Trade and industry blaming concerns | :08:28. | :08:31. | |
of a Brexit weakening global growth, also said they are worried about the | :08:32. | :08:39. | |
rise in debt default in China, the economy expanded 2.1% in the second | :08:40. | :08:43. | |
quarter, slower than initial estimate as well. | :08:44. | :08:47. | |
As always, thank you. You saw it on the screen there, but | :08:48. | :08:51. | |
confirmation of what the Asian markets did overnight. New | :08:52. | :08:57. | |
indications of oversupply in the oil market remaining problem. All of | :08:58. | :09:01. | |
that on top of lower global outlook is for growth. | :09:02. | :09:04. | |
The dollar also fell against other major currencies overnight | :09:05. | :09:06. | |
as expectations of a US rate interest rate hike in the near | :09:07. | :09:09. | |
European markets look like this in the first 35 minutes. | :09:10. | :09:23. | |
Yesterday was a real mixed session, with the FTSE 100 managing to finish | :09:24. | :09:26. | |
the day higher, largely as a result of a weak pound. | :09:27. | :09:28. | |
It's a pretty light day for economic data - so make the most of it | :09:29. | :09:32. | |
But the latest weekly jobs data is due in the US. | :09:33. | :09:36. | |
Samira has the details about what's ahead on Wall Street today. | :09:37. | :09:38. | |
The Republican presidential candidate did it on Monday. | :09:39. | :09:40. | |
It's time now for the Democratic presidential candidate | :09:41. | :09:42. | |
Hillary Clinton will outline her plans for America's economy | :09:43. | :09:46. | |
at a manufacturing plant in the state of Michigan. | :09:47. | :09:49. | |
The Clinton campaign said the speech will offer a stark contrast | :09:50. | :09:53. | |
to Donald Trump's economic policies, which he laid out in a speech before | :09:54. | :10:01. | |
Also happening on Thursday, three of the biggest US | :10:02. | :10:04. | |
department store operators will be reporting earnings. | :10:05. | :10:10. | |
The better weather in June and July is expected to have helped | :10:11. | :10:13. | |
the bottom lines of Macy's, Coles and Nordstrom. | :10:14. | :10:16. | |
Investors are hoping it will make up for the last quarter, | :10:17. | :10:19. | |
where retailers really took a big hit. | :10:20. | :10:23. | |
And finally import prices for the month of July. | :10:24. | :10:25. | |
Economists are expecting that the strong US dollar | :10:26. | :10:28. | |
and weak oil prices put pressure on inflation. | :10:29. | :10:40. | |
Touching on a theme for the markets this week, oil prices falling. | :10:41. | :10:43. | |
Joining us is Alpesh Patel, chief executive at Praefinium Partners. | :10:44. | :10:47. | |
There is a mixture of issues grabbing headlines, we have got the | :10:48. | :10:53. | |
effect of quantitative easing in the UK and the effect that is having on | :10:54. | :10:58. | |
pension funds here, or your inflation as Samir mentioned. It is | :10:59. | :11:03. | |
supposed to be good news, the Bank of England pumping more money into | :11:04. | :11:08. | |
the economy, the way it does this, it buys bonds and hopefully the | :11:09. | :11:12. | |
people who sold those bonds will put the money into small businesses or | :11:13. | :11:15. | |
lend it to consumers. But it is not turning out to be a good news story | :11:16. | :11:21. | |
at all because it has driven down bond yields, so if you are a pension | :11:22. | :11:26. | |
fund, if you are a pensioner, the return you are getting, there is a | :11:27. | :11:29. | |
pension deficit for the big corporate, so that is a negative. We | :11:30. | :11:34. | |
thought lower oil prices would be a positive, less cost at the petrol | :11:35. | :11:39. | |
pump, but the oil companies are complaining, said that is not a good | :11:40. | :11:45. | |
story. Who will invest in alternative energy? These supposedly | :11:46. | :11:48. | |
positive stories are telling negative. Do we need to be | :11:49. | :11:53. | |
concerned, especially with the negative interest rate story? For | :11:54. | :11:56. | |
those people thinking, what does this mean for my pension, if it's | :11:57. | :12:01. | |
bad news, is it a short-term thing? I don't think it is short-term. You | :12:02. | :12:06. | |
have got two types of companies to get your pension from, those who are | :12:07. | :12:10. | |
managing the problem and will say, look, we might end the final salary | :12:11. | :12:15. | |
pension scheme in years to come, so it does not affect you directly, it | :12:16. | :12:17. | |
affects future generations. Then other companies, you have seen | :12:18. | :12:41. | |
it with people like, I will not name corporate names because it can lead | :12:42. | :12:44. | |
to worry, but you have seen other companies not managing it so well, | :12:45. | :12:46. | |
those with big pension deficits, their employees, their pensioners | :12:47. | :12:48. | |
should be worried, I'm afraid. Thank you, more from you a little bit | :12:49. | :12:50. | |
later when we look at the papers. Could children succeed | :12:51. | :12:51. | |
where their parents have failed? We meet the woman behind Junior | :12:52. | :12:54. | |
Davos. With 1300 young leaders from nearly | :12:55. | :12:56. | |
200 countries, can they solve some Founder Kate Robertson | :12:57. | :12:59. | |
will be here. This is Business Live from BBC News. | :13:00. | :13:13. | |
You may have heard of smart cities, but what are they? | :13:14. | :13:18. | |
They could be on their way sooner than we think. | :13:19. | :13:24. | |
The national mapping agency Ordnance Survey has begun two-year | :13:25. | :13:26. | |
trial to try and turn Manchester into the UK's first Smart City. | :13:27. | :13:29. | |
But what does this mean exactly and how does a city become smart? | :13:30. | :13:32. | |
Simon Navin is leading the Project on Smart Cities | :13:33. | :13:34. | |
What is a smart city? They are really in response to global trends | :13:35. | :13:40. | |
like population increase, where we are likely to see over 50% of | :13:41. | :13:45. | |
citizens living in cities in the near future, increasing pressure on | :13:46. | :13:49. | |
public services. In the UK we have seen great work in cities like | :13:50. | :13:52. | |
Glasgow, Milton Keynes, Bristol, Greenwich, to work with an internet | :13:53. | :13:57. | |
of things technology to deliver public services in response to those | :13:58. | :14:01. | |
trends. There is a project in Manchester which is about to | :14:02. | :14:05. | |
commence with Ordnance Survey are proud to be part of which will | :14:06. | :14:10. | |
deliver the UK's first demonstrator site for internet of things | :14:11. | :14:12. | |
technology and Smart City technology. Why Manchester? It was | :14:13. | :14:19. | |
part of the bid process, a consortium of public and private | :14:20. | :14:23. | |
companies that came together, it is focused on a digital environment, it | :14:24. | :14:29. | |
will involve the citizens of Manchester to help devise solutions | :14:30. | :14:33. | |
that are needed, and it is very vibrant, it will be interesting for | :14:34. | :14:37. | |
the people of Manchester to become involved. How long will it take and | :14:38. | :14:41. | |
when will it be really smart as opposed to a city in transition and | :14:42. | :14:46. | |
therefore perhaps a bit frustrating? Cities are living and breathing so | :14:47. | :14:49. | |
these things take time, this is a two-year project which started in | :14:50. | :14:54. | |
July and lots of solutions will be tried and tested, researched and | :14:55. | :14:56. | |
developed, and some of those will go live, some of | :14:57. | :15:12. | |
them will take longer to mature. At the end of the project the idea is | :15:13. | :15:14. | |
the solutions can be used elsewhere in the UK and showcase our talent | :15:15. | :15:16. | |
around the world as well. I bet that wasn't helping your anger | :15:17. | :15:29. | |
management. It was frustrating. We are looking at housing data on the | :15:30. | :15:34. | |
website. If you want to know more, dig deep. | :15:35. | :15:35. | |
You're watching Business Live - our top story... | :15:36. | :15:39. | |
The Chinese e-commerce giant Alibaba is dominating on the mainland in | :15:40. | :15:48. | |
China but what about the rest of the world? It is expected to report a | :15:49. | :15:50. | |
massive rise in revenue. A quick look at how | :15:51. | :15:51. | |
markets are faring.... Today in Europe it's a mixed | :15:52. | :15:59. | |
picture, they started a little higher and now they have dipped | :16:00. | :16:02. | |
slightly. The FTSE is leading the losers. Japan is closed today for a | :16:03. | :16:07. | |
public holiday. It's the annual meeting of global | :16:08. | :16:10. | |
business leaders and politicians - and a few celebs, who get together | :16:11. | :16:17. | |
to thrash out answers to some of the People like us have been seen there | :16:18. | :16:20. | |
as well! But it's often criticised | :16:21. | :16:28. | |
for failing to agree any real, So could it be the turn | :16:29. | :16:31. | |
of the younger generation to solve was the Global President and UK | :16:32. | :16:37. | |
Chairman of international marketing and advertising group Havas | :16:38. | :16:48. | |
Worldwide. And went on to create a youth summit | :16:49. | :16:51. | |
that has been called leaders the opportunity to meet | :16:52. | :16:54. | |
with counterparts from every country It's attended by 1300 young people | :16:55. | :16:59. | |
from 196 countries who discuss And this year's gathering | :17:00. | :17:06. | |
is just around the corner, in September,and takes place | :17:07. | :17:12. | |
in Ottawa in Canada. Kate is here. Welcome to business | :17:13. | :17:25. | |
live. Why did you come up with the idea? I was frustrated by a lack of | :17:26. | :17:31. | |
leadership in the world, since we started five or six years ago it was | :17:32. | :17:35. | |
quite obvious in the world that there is not a lot of leadership and | :17:36. | :17:39. | |
being originally South African myself and seeing that people like | :17:40. | :17:48. | |
Mandela and Tutu can genuinely lead as opposed to just occupying a post | :17:49. | :17:54. | |
at the head of government, it is there. This age group is the most | :17:55. | :17:58. | |
educated and connected in history and among them are leaders already | :17:59. | :18:01. | |
anyway with immense power to affect change. If you look at global | :18:02. | :18:09. | |
business, it's been coming out of that age group for the Las Vegas | :18:10. | :18:13. | |
years. They are not there to be ignored and treated as office | :18:14. | :18:17. | |
juniors the way I was, it's a different time, and this age group | :18:18. | :18:22. | |
is a different animal. What do you hope to achieve? What would be a | :18:23. | :18:28. | |
tangible result? When I have been at Davos in the past... You have been! | :18:29. | :18:35. | |
I have, but there is not much achieved. A lot of talking but not | :18:36. | :18:40. | |
much action. The networking is the highest quality in the world and the | :18:41. | :18:45. | |
average global CEO goes there over two days to see every government | :18:46. | :18:51. | |
leader that he needs to see. It's a different thing. The problem with my | :18:52. | :18:55. | |
age group and that age group at Davos is that it is done already. | :18:56. | :19:02. | |
The age group that we deal with, under 13, are effecting change | :19:03. | :19:06. | |
themselves, they are frustrated with a lack of change and they are able | :19:07. | :19:11. | |
to affect change on a great scale. What we are looking for is that this | :19:12. | :19:18. | |
is not a youth summit, this is young leaders and many of them are already | :19:19. | :19:21. | |
leading and if we can help them to scale back in any way, and also | :19:22. | :19:29. | |
inspire that, then a lot will happen. -- scale that. When we were | :19:30. | :19:36. | |
talking earlier you were explaining the issues that they are discussing | :19:37. | :19:41. | |
this year and it was not what I was expecting. Explain what they will be | :19:42. | :19:46. | |
grappling with in September. They have focused on LGBT which is only | :19:47. | :19:50. | |
the second time it has come up and it has never been the headline | :19:51. | :19:54. | |
article for human rights. In education, the second time they have | :19:55. | :19:59. | |
come up, they wanted to discuss education as we know today which is | :20:00. | :20:04. | |
not preparing them for the modern workplace, you know about the coding | :20:05. | :20:07. | |
story. There is a strong view on that. Those are global values. We | :20:08. | :20:19. | |
have delegates from Tuvalu, Kiribati, this is the only place in | :20:20. | :20:22. | |
the world you will see those countries. They deeply care about | :20:23. | :20:26. | |
the migration crisis and Syria and the fact that global leaders are not | :20:27. | :20:31. | |
resolving the problems. All of them are very aware that something ought | :20:32. | :20:33. | |
to have been done and could have been done to prevent the cataclysm | :20:34. | :20:38. | |
in Syria and it was a lack of leadership on the global stage. | :20:39. | :20:44. | |
Let's point the finger at Russia and the USA at the moment, just to | :20:45. | :20:48. | |
shorthand it. There was a lack of leadership and look at what | :20:49. | :20:51. | |
happened. If people want to get involved, I believe I am too old | :20:52. | :21:01. | |
because it is 18-30... It's OK. It's around ?3000 for people to go, who | :21:02. | :21:04. | |
are people who can afford to take part? We sponsor almost 200 | :21:05. | :21:12. | |
scholarships to attend out of our own pocket, so we fund all of that. | :21:13. | :21:16. | |
That enables us to get the small countries and also people from, I | :21:17. | :21:24. | |
hate disadvantaged backgrounds, because when you see these young | :21:25. | :21:29. | |
leaders, you think that they may be disadvantaged by background but you | :21:30. | :21:33. | |
are sure a different thing now. This is taking place next month in | :21:34. | :21:38. | |
Canada. It is nice to see you. I am definitely over the hill as far as | :21:39. | :21:40. | |
that's concerned! Let's move on. Hillary Clinton, unveils her plans | :21:41. | :21:47. | |
for the US economy. Mrs Clinton will be | :21:48. | :21:49. | |
speaking in Detroit. This is just days after her rival | :21:50. | :21:51. | |
Donald Trump went to the same to city to lay | :21:52. | :21:54. | |
out HIS economic proposals. So how do the two candidates plans | :21:55. | :21:57. | |
for the US economy compare? These reforms will offer | :21:58. | :21:59. | |
the biggest tax revolution Which unleashed years of continued | :22:00. | :22:07. | |
economic growth and job creation. They tried to make his old, | :22:08. | :22:37. | |
tired ideas sound new, but here's what we all know | :22:38. | :22:40. | |
because we heard it again, his tax plans will give superb big | :22:41. | :22:44. | |
tax breaks to large corporations There has been a 15% fall in ticket | :22:45. | :23:48. | |
sales at the cinema in China. I went three times last week. In one week! | :23:49. | :23:56. | |
What did you see? I went to see an Indian film, Suicide Squad, and I | :23:57. | :24:00. | |
can't even Lambert the third one. They were mind numbingly, you can | :24:01. | :24:06. | |
switch your brain off, they are not arty farty like the ones you would | :24:07. | :24:13. | |
like! Going to the cinema three times in a week! He is managing my | :24:14. | :24:19. | |
fund. It is normally at midnight, you talk about declining numbers but | :24:20. | :24:23. | |
there are late showings at cinemas now and you have got insurance | :24:24. | :24:27. | |
companies giving you free tickets, I have two sets of companies giving me | :24:28. | :24:32. | |
free tickets. It is about switching off and forgetting about everything. | :24:33. | :24:39. | |
Justine says, eating stale popcorn and flat soda and listening to other | :24:40. | :24:43. | |
people's phone, why pay for that privilege? That sounds like home not | :24:44. | :24:50. | |
a cinema! A bill to clean up nuclear reactors, this is a story in the | :24:51. | :24:55. | |
Times will stop it has gone up by ?1.6 billion. What is the story? -- | :24:56. | :25:02. | |
in the Times. This is about decommissioning power plans, talking | :25:03. | :25:07. | |
about Hinckley in the UK, and the Chinese and French relationship, | :25:08. | :25:10. | |
this is about getting rid of the old ones. Decommissioning sounds very | :25:11. | :25:16. | |
important, but we are talking about getting rid of things like asbestos | :25:17. | :25:22. | |
and the cost has gone up and up as is often the case with big | :25:23. | :25:26. | |
contracts. It is easy to blame the government but I blame the private | :25:27. | :25:30. | |
sector, how can they get away with saying it will cost X but then they | :25:31. | :25:36. | |
find that it costs more money? A private contract tells you they | :25:37. | :25:41. | |
deliver a cost and they had better do that. I think it has decreased in | :25:42. | :25:47. | |
recent years because what the government has done is got in | :25:48. | :25:53. | |
professional negotiators, the nuclear decommissioning unit in the | :25:54. | :25:58. | |
government, this is a problem, but I blame the private sector and not | :25:59. | :26:01. | |
government officials who have been blindsided. Never one to mince his | :26:02. | :26:09. | |
words. We will be in the same place at the same time tomorrow. Goodbye. | :26:10. | :26:11. |