Browse content similar to 09/05/2017. 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. | :00:08. | :00:11. | |
Voting is under way in South Korea - but will new leadership make | :00:12. | :00:14. | |
Kante break the cosy relationship between big business and government? | :00:15. | :00:20. | |
Live from London, that's our top story on Tuesday 9th May. | :00:21. | :00:34. | |
South Korea's massive conglomerates dominate the country's economy, | :00:35. | :00:38. | |
but the election frontrunners say that more needs to be done to tackle | :00:39. | :00:41. | |
Who will win and what can they achieve? | :00:42. | :00:53. | |
Also in the programme, there's a new kid on the block | :00:54. | :00:56. | |
in the world of online payments - can the Chinese giant | :00:57. | :00:59. | |
Alipay give Paypal a run for its money in the US? | :01:00. | :01:05. | |
We will take you three winners and losers in Europe, on the they are | :01:06. | :01:11. | |
all up. Also in the programme, | :01:12. | :01:12. | |
we'll get the inside track on a smartwatch that allows parents | :01:13. | :01:14. | |
to keep tabs on their children. But is wearable tech really | :01:15. | :01:17. | |
the solution to parenting problems - Welcome to the programme. Please get | :01:18. | :01:41. | |
in touch with your views on that story about parenting, wearable | :01:42. | :01:44. | |
technology, or anything else we are covering. | :01:45. | :01:45. | |
South Korea is just a few hours away from finding out | :01:46. | :01:47. | |
The election comes after the former President Park Geun-Hye was removed | :01:48. | :01:51. | |
from office as part of an ongoing investigation into corruption. | :01:52. | :01:55. | |
The country's economy bounced back strongly | :01:56. | :01:58. | |
following the 2008 financial crisis, but in recent years, | :01:59. | :02:00. | |
quarterly growth has struggled to break above 1%. | :02:01. | :02:18. | |
What are the presidential hopefuls offering to try to change the | :02:19. | :02:20. | |
fortunes of South Korea? The current frontrunner Moon Jae-In | :02:21. | :02:22. | |
has vowed to boost government spending and create | :02:23. | :02:28. | |
over 800,000 new jobs His main rival - Ahn Cheol-Soo - | :02:29. | :02:30. | |
feels the government should be more cautious with its spending plans, | :02:31. | :02:34. | |
but both candidates are united over Big business is still reeling from a | :02:35. | :02:47. | |
money for influence scandal that has seen several top executives grilled | :02:48. | :02:48. | |
by politicians. This includes the bosses of massive | :02:49. | :02:51. | |
corporations such as Samsung, In the past, large conglomerates | :02:52. | :02:53. | |
were credited with South Korea's rise to economic prominence, | :02:54. | :02:57. | |
but now many experts are questioning whether the country has | :02:58. | :03:00. | |
become too over-reliant To give you a sense of scale - | :03:01. | :03:03. | |
the biggest company in South Korea is Samsung, | :03:04. | :03:12. | |
the group spans every aspect of life and its business | :03:13. | :03:16. | |
accounts for roughly 20% of Currently the 10 biggest companies | :03:17. | :03:19. | |
in South Korea account for nearly a quarter of the country's total | :03:20. | :03:24. | |
corporate tax revenue. With me is Agathe L'Homme, | :03:25. | :03:33. | |
Asia analyst at the Sally getting into some of the | :03:34. | :03:45. | |
details there about how the chaebol works, the influence they have over | :03:46. | :03:48. | |
the South Korean economy. How dominant are they, how much pressure | :03:49. | :03:52. | |
can they exert on politics and economics? They are very dominant | :03:53. | :03:56. | |
and can exercise a lot of pressure. I think that is what we have seen | :03:57. | :04:02. | |
with Park Geun-Hye, the former President, that was impeached. The | :04:03. | :04:06. | |
Vice President of Samsung is in jail on bribery charges, which he denies. | :04:07. | :04:11. | |
They have a very cosy relationship. The candidates running in the | :04:12. | :04:14. | |
election right now have been campaigning on that topic very | :04:15. | :04:21. | |
intensely. We do expect changes in that regard. How likely is it they | :04:22. | :04:25. | |
can break up that cosy relationship? We posed the question at the start | :04:26. | :04:29. | |
of the programme, the links are so intertwined with many parts of | :04:30. | :04:32. | |
society and the economy. Is it realistic to expect there will be | :04:33. | :04:36. | |
cut overnight? They will not be cut overnight, I don't think that is | :04:37. | :04:42. | |
desirable. But there should be some reining in happening. The leading | :04:43. | :04:47. | |
candidate, Moon Jae-In, has been campaigning on that topic. There are | :04:48. | :04:55. | |
already bills in the pipeline. Should he be elected, that is | :04:56. | :04:59. | |
forecast, he will have momentum to pass them through the National | :05:00. | :05:02. | |
Assembly. It is probably easy as outsiders to criticise the system. | :05:03. | :05:05. | |
We should also remember that system is what has but South Korea on the | :05:06. | :05:09. | |
map will stop economically, some of the most well-known names in the | :05:10. | :05:12. | |
world have come from South Korea, Samsung or the other is that Sally | :05:13. | :05:19. | |
Ryan through. It is a double-edged sword, it works, but we have seen | :05:20. | :05:24. | |
the downside? Yes. Domestically, what is problematic is that they | :05:25. | :05:27. | |
have such a strong hold on the economy that there is no trickling | :05:28. | :05:36. | |
down any more. A lot of SMEs are suffering, suppliers of the big | :05:37. | :05:39. | |
chaebol, they don't really see growth happening. A word on North | :05:40. | :05:44. | |
Korea, we can't talk about the south without concern for the North, what | :05:45. | :05:51. | |
effect could not have? We see Moon Jae-In wanting to re-engage with the | :05:52. | :05:56. | |
North. We think they could rekindle the Sunshine Policy, and to the | :05:57. | :06:00. | |
regime. That is one we will all watch closely. Really nice to see | :06:01. | :06:02. | |
you. Let's take a look at some of | :06:03. | :06:06. | |
the other stories making the news. Toshiba has told its memory chip | :06:07. | :06:12. | |
partner Western Digital not to interfere with the sale | :06:13. | :06:14. | |
of its chip unit. Western Digital claims | :06:15. | :06:16. | |
that the Japanese firm has breached a contract between the two | :06:17. | :06:19. | |
by transferring rights it doesn t Toshiba says it will use | :06:20. | :06:21. | |
all available remedies if Western Digital continues | :06:22. | :06:26. | |
to pursue the complaint A woman who alleges she was sexually | :06:27. | :06:31. | |
harassed at Fox News has asked UK media regulators to block 21st | :06:32. | :06:34. | |
Century Fox's planned Ofcom is examining the bid | :06:35. | :06:36. | |
for the UK broadcaster, Dr Wendy Walsh's legal team says | :06:37. | :06:41. | |
the deal would allow Fox to bring a "culture of sexual and racial | :06:42. | :06:48. | |
harassment" to the UK. The company says it has addressed | :06:49. | :06:50. | |
the allegations and made The International Monetary Fund has | :06:51. | :06:53. | |
raised its growth forecast for the Asia Pacific region to 5.5 | :06:54. | :06:57. | |
percent from its previous But the IMF also warned | :06:58. | :07:00. | |
that the near-term outlook for the region is "clouded | :07:01. | :07:09. | |
with significant uncertainty". In a report, the fund said | :07:10. | :07:15. | |
medium-term growth faced difficulties from a slowdown | :07:16. | :07:18. | |
in productivity growth in both Alipay, China's biggest | :07:19. | :07:20. | |
online payments platform, is stepping up its global expansion | :07:21. | :07:39. | |
with a major foray into North America - | :07:40. | :07:41. | |
the home of PayPal and ApplePay. Leisha Chi is across | :07:42. | :07:44. | |
the story from our Asia Tell us what Ali pay has in mind? | :07:45. | :07:56. | |
PayPal is the 800 pound gorilla in the room when it comes to mobile | :07:57. | :08:00. | |
payments. But this new deal for Alipay puts it in the same league as | :08:01. | :08:04. | |
ApplePay. Basically, users will now be allowed to use the app to shop at | :08:05. | :08:09. | |
4 million merchants in the US. That is quite significant. The Chinese | :08:10. | :08:11. | |
billionaire that owns Alipay has billionaire that owns Alipay has | :08:12. | :08:18. | |
declared his intention is to expand his business empire globally. He is | :08:19. | :08:23. | |
looking at the US, the world's biggest consumer market. In China, | :08:24. | :08:26. | |
Alipay already dominates the mobile payment landscape, together with | :08:27. | :08:34. | |
rival they account for most of the market. If the foray into the US is | :08:35. | :08:41. | |
successful, they can expand into other countries where they don't | :08:42. | :08:45. | |
have a presence. It's a smart move, we are seeing increasing numbers of | :08:46. | :08:48. | |
Chinese travelling each year and they will be able to use Alipay to | :08:49. | :08:52. | |
book cabs, hotels and so forth. book cabs, hotels and so forth. | :08:53. | :08:56. | |
Interesting, we will keep an eye on that. | :08:57. | :09:02. | |
Lets see how markets fared. Japan down by 0.25%. A mixed picture in | :09:03. | :09:10. | |
Asia. Most markets down slightly because the previous day was such a | :09:11. | :09:14. | |
strong start to the week. Over 2% gain on Monday. A bit of a sell-off. | :09:15. | :09:21. | |
Sony is one of the big winners. Let's look at how Europe is faring. | :09:22. | :09:28. | |
Markets across the board or edging slightly higher. Oil prices are flat | :09:29. | :09:32. | |
after yesterday's jump off the back of rumours... Well, not rumours, | :09:33. | :09:38. | |
statements from Opec about plans to keep production cuts in place for | :09:39. | :09:42. | |
longer, to try to keep the price of oil higher. Now what is ahead on | :09:43. | :09:46. | |
Wall Street. Two media companies will be | :09:47. | :09:47. | |
reporting earnings on Tuesday, The recent film Beauty | :09:48. | :09:49. | |
and the Beast will help lift But the other part of the company, | :09:50. | :09:54. | |
ESPN, it has been losing The company will have to pacify | :09:55. | :09:58. | |
investors with a plan to strengthen ESPN, whilst also finding a capable | :09:59. | :10:06. | |
replacement to chief executive Bob Iger, who will be | :10:07. | :10:08. | |
stepping down in 2019. The decline in newspaper advertising | :10:09. | :10:13. | |
will certainly heard News Corp's earnings, | :10:14. | :10:15. | |
they own newspapers like the Wall Street Journal, | :10:16. | :10:23. | |
the Dow Jones newswires As part of its digital push, | :10:24. | :10:25. | |
the company has been cutting jobs, Joining us is Jeremy Cook, | :10:26. | :10:29. | |
Chief Economist, World First. Staying with the American team, the | :10:30. | :10:48. | |
issue that was being raised there, a lot of corporate news? But also we | :10:49. | :10:57. | |
heard from the Fed? Yes, trying to re-energise the communication coming | :10:58. | :11:00. | |
out of there. It has gone quiet in the last couple of weeks. Almost a | :11:01. | :11:04. | |
100% probability they will raise rates in June. It is a case of | :11:05. | :11:09. | |
whether they will come out and say, yes, we are going to do something in | :11:10. | :11:13. | |
June. Much like we heard from the IMF in Asia, there is still | :11:14. | :11:16. | |
uncertainty and clouds around this, they are not going to 2% any time | :11:17. | :11:24. | |
soon. They should call them the Fed Talk, you know, like the TED talk? | :11:25. | :11:33. | |
With Sony, quite interesting, following the fact that Emmanuel | :11:34. | :11:35. | |
Macron did get the election in France, it has gone quite quiet? It | :11:36. | :11:41. | |
has, we were expecting a bit of a bump and we got the tiniest bump, | :11:42. | :11:44. | |
and then everybody said, well, now the focus turns to the legislative | :11:45. | :11:48. | |
elections and whether he can get a mandate within Parliament to be able | :11:49. | :11:51. | |
to get up there and do what he was elected to do. The main conversation | :11:52. | :11:56. | |
I heard on Sunday night was, yes, France, but what about Italy? | :11:57. | :12:00. | |
Everybody is talking about the possible Italian election. Sony is | :12:01. | :12:03. | |
interesting, that has been around for years and years. Every time you | :12:04. | :12:08. | |
see Sony, it is new profit warnings. But they are starting to come back, | :12:09. | :12:13. | |
we are getting upgrades by Goldman Sachs. The oil price is going to be | :12:14. | :12:20. | |
capped, largely due to the fact that Opec are going to keep the cats | :12:21. | :12:23. | |
going into the market, the price remains pretty stable. An | :12:24. | :12:27. | |
interesting place to leave it, you're going to talk about how | :12:28. | :12:33. | |
petrol stations work out how much to charge? Robots are controlling as! | :12:34. | :12:35. | |
We know that already. Is wearable tech really the solution | :12:36. | :12:39. | |
to parenting problems - Should kids be left to be kids? We | :12:40. | :12:42. | |
will find out later. on a smartwatch that allows parents | :12:43. | :12:56. | |
to keep tabs on their children. You're with Business | :12:57. | :13:00. | |
Live from BBC News. Theresa May has promised to end | :13:01. | :13:07. | |
the injustice of rising energy costs by including a cap | :13:08. | :13:11. | |
in the Conservative general The Prime Minister says the energy | :13:12. | :13:13. | |
market "is not working", with vulnerable people worst hit | :13:14. | :13:19. | |
by rip-off bills. Industry groups have | :13:20. | :13:22. | |
criticised the plan, first announced last month, | :13:23. | :13:24. | |
saying it could lead Labour, which offered its own bill | :13:25. | :13:25. | |
cap ahead of the 2015 election, accused the Tories | :13:26. | :13:31. | |
of desperate stuff. Chris Mason is at | :13:32. | :13:33. | |
Westminster for us. We are getting some details ahead of | :13:34. | :13:45. | |
the manifesto launch about what they might want to talk about today, | :13:46. | :13:51. | |
energy? It is. Energy is the big focus today. The Conservatives, | :13:52. | :13:55. | |
quite striking, trying to put themselves on the side of consumers | :13:56. | :13:58. | |
rather than the big energy providers. The other thing that is | :13:59. | :14:01. | |
striking is that it has a ring of familiarity about it. Why? Well, | :14:02. | :14:08. | |
here is the Labour manifesto from two years ago. Labour will freeze | :14:09. | :14:11. | |
energy bills until 2017, ensuring they can fall but not rise, and will | :14:12. | :14:16. | |
give the regulator the power to cut bills this winter. The Conservatives | :14:17. | :14:21. | |
seem to have done a bit of a cut and paste job. The idea was popular when | :14:22. | :14:24. | |
it Ed Miliband floated it, Conservatives decided to take it on | :14:25. | :14:28. | |
board two years on. They say it is different and more subtle, it is | :14:29. | :14:33. | |
less crude. But the similarities are pretty striking. The question is, | :14:34. | :14:40. | |
will it be a vote winner and is it a promise they can keep? They will | :14:41. | :14:45. | |
hope it is, that is the short answer to the first question. In terms of | :14:46. | :14:48. | |
whether it is something they can keep in terms of a promise, this is | :14:49. | :14:52. | |
where it gets a bit complicated. It would involve the regulator, of | :14:53. | :14:58. | |
common. There will have to be a consultation. -- of common. If there | :14:59. | :15:03. | |
are variations in the wholesale price, bills could still rise and | :15:04. | :15:08. | |
fall. The extent to which consumers will notice instantly, we will have | :15:09. | :15:09. | |
to wait and see. When we get news about the | :15:10. | :15:20. | |
manifesto, we'll fill you in. If you want more details on the energy | :15:21. | :15:25. | |
story, you'll find it on the BBC Business Live page. | :15:26. | :15:28. | |
It has details from Labour, of course, as you heard from Chris | :15:29. | :15:35. | |
Mason who already proposed it in a previous election campaign. | :15:36. | :15:46. | |
This is Business Live. Today we're focussed on South Korea. In a few | :15:47. | :15:58. | |
hours we will find out who the next Prime Minister will be. We have been | :15:59. | :16:03. | |
looking at what influence business has on politics in the country. | :16:04. | :16:08. | |
Let's look at markets quickly to bring you up-to-date. In Europe, | :16:09. | :16:12. | |
they were up by a quarter of a percent when we last looked. We'll | :16:13. | :16:17. | |
bring you the numbers later. The numbers are on the screen. | :16:18. | :16:21. | |
That's what Europe is doing. So details there. As you can see, | :16:22. | :16:24. | |
another rise in the CAC and the DAX. Imagine losing your | :16:25. | :16:44. | |
child at a theme park - something most people | :16:45. | :16:51. | |
would rather forget. But witnessing another parent's | :16:52. | :16:52. | |
panic resulted in our next guest giving up her career in investment | :16:53. | :16:55. | |
banking to become Last year, Colleen Wong launched | :16:56. | :16:58. | |
a smartphone watch, the Gator, it allows parents to keep track | :16:59. | :17:03. | |
of their kids, without having But Colleen says being a start-up | :17:04. | :17:05. | |
boss is not glamorous. As well as running a company, | :17:06. | :17:14. | |
she is a busy mum To keep costs down she employs two | :17:15. | :17:17. | |
flexible staff who look after IT and social media marketing, | :17:18. | :17:24. | |
and three advisors who are friends So far, the business has received no | :17:25. | :17:27. | |
outside investment yet, but Colleen With me is Colleen Wong, | :17:28. | :17:32. | |
developer of the Gator watch and founder of child tracker firm, | :17:33. | :17:36. | |
TechSixtyFour. Explain how the Gator watch works. | :17:37. | :17:45. | |
So it has a button here that can call mum or dad or up to ten other | :17:46. | :17:50. | |
members of the family and it is a tracker as well. Parents can | :17:51. | :17:56. | |
download the Gator app and track where their child is and uses GPS | :17:57. | :18:02. | |
when the child is outdoors and wi-fi when it is indoors. It is something | :18:03. | :18:09. | |
kids would probably want to wear. We touched on there why you saw the | :18:10. | :18:14. | |
need for it. Talk us through the moment when you realised this could | :18:15. | :18:18. | |
be a great product? I was with my two kids at a farm park and I | :18:19. | :18:23. | |
witnessed a mum running around looking for her five or six-year-old | :18:24. | :18:27. | |
son... It wasn't me, was it? That mum could have been looking for my | :18:28. | :18:31. | |
child and it does cause a moment where your heart stops for a few | :18:32. | :18:35. | |
minutes. In terms of how this works, you put the sim in yourself. So, if | :18:36. | :18:40. | |
we were to purchase this watch, we have to come to you to get the sim | :18:41. | :18:44. | |
and to get it up and running and it links up to any mobile network | :18:45. | :18:49. | |
wherever you happen to be, Vodafone, O 2 or EE or anything? No. I've done | :18:50. | :18:54. | |
it this way. As a parent, we don't have that much time. I wanted to | :18:55. | :18:58. | |
make it, easy solution for parents when they buy the watch, they sign | :18:59. | :19:02. | |
up for the service plan online and it connects within 24 hours. I guess | :19:03. | :19:06. | |
it varies where you are in the world. We posed this question at the | :19:07. | :19:10. | |
start of the programme, could kids not be kids? Part of the fun of | :19:11. | :19:15. | |
doing a kid you had independence just as you were starting to grow | :19:16. | :19:19. | |
up, as long as you didn't go too far and your parents would know you come | :19:20. | :19:23. | |
back at the end of the day, does that ruin that element? I think | :19:24. | :19:27. | |
times have changed and parents are more worried when their kids are out | :19:28. | :19:31. | |
and about on their own. So, when they want to give there. When they | :19:32. | :19:35. | |
think about giving their child a snOn, that increases other worries, | :19:36. | :19:39. | |
access to the internet, too much gaming, too much screen time. So | :19:40. | :19:45. | |
what's the happy medium? I think my solution offers that. You can stay | :19:46. | :19:49. | |
connected, but you don't have to have them using a smartphone and | :19:50. | :19:52. | |
getting access to too much information. The difficulty I have | :19:53. | :19:57. | |
to say, my children haven't got smart devices, but my son who is | :19:58. | :20:01. | |
nine, who I might get one of those for because he is all over the shop | :20:02. | :20:05. | |
and wild and I'd love to know where he is half the time. He would like | :20:06. | :20:11. | |
an Apple watch and he would want to swipe around and play games and do | :20:12. | :20:14. | |
all this stuff and that doesn't provide that. I would have a job | :20:15. | :20:17. | |
convincing him to wear that, I think? No, I agree. And that's the | :20:18. | :20:21. | |
thing, it's trying to keep that on a child. What I'm trying to do is work | :20:22. | :20:26. | |
with various partners to make it more exciting for children. So when | :20:27. | :20:31. | |
I do my crowdfunding and when I raise funds licensing would be | :20:32. | :20:33. | |
something I would be looking at. So I imagine this watch with the strap, | :20:34. | :20:37. | |
with Star Wars on it. Something to keep the child interested as well. | :20:38. | :20:43. | |
A word about your background. Investment banking to creating | :20:44. | :20:46. | |
watches for kids. Join the dots for us. OK, so I used to work in foreign | :20:47. | :20:55. | |
exchange sales. I left the business to have children. And then yeah, | :20:56. | :20:59. | |
that was it. That light bulb moment came when I took my kids to the | :21:00. | :21:04. | |
farm. Have you ever looked back? No, I love what I'm doing. You look | :21:05. | :21:08. | |
after the children and try and run this company at the same time? I | :21:09. | :21:12. | |
have an amazing childminder, but yes, it is a juggle every day and I | :21:13. | :21:18. | |
don't have much sleep. But, it's amazing and exciting and I love | :21:19. | :21:23. | |
every single minute of it. You're wide awake on this show. Thank you | :21:24. | :21:26. | |
for coming in. Interesting. Thank you. | :21:27. | :21:34. | |
Here is a reminder of how to get in touch. | :21:35. | :21:48. | |
We want to hear from you too. Get involved on the BBC Business Live | :21:49. | :21:58. | |
web page. On Twitter we're at BBC business and you can find us on | :21:59. | :22:04. | |
Facebook. Business Live on TV and online whenever you need to know. | :22:05. | :22:16. | |
Today, your comments on the smart watch for tracking kids. A viewer | :22:17. | :22:22. | |
says, "Honestly, it sounds like a breaking of trustment don't spy on | :22:23. | :22:27. | |
your kids when they say they can go somewhere without you." I love | :22:28. | :22:34. | |
Annie, "Just give your kid the watch, it can set an alarm for | :22:35. | :22:38. | |
bedtime so you don't need a baby-sitter." ." Tea being dinner, | :22:39. | :22:43. | |
not a cup of tea for the childminder. If it is the north of | :22:44. | :22:50. | |
England, it is tea. Tea is what? Tea is your evening meal. It's not | :22:51. | :22:53. | |
something in here? No, that's a brew! OK. Just to be clear. It is a | :22:54. | :22:56. | |
builder's. What's tea for you? It's a hot | :22:57. | :23:09. | |
refreshing drink! Let's talk Wall Street Journal. Why are the gas | :23:10. | :23:15. | |
prices changing and it is to do with computers? It is. It is to do with | :23:16. | :23:20. | |
software that petrol stations and these big oil companies are using to | :23:21. | :23:23. | |
make sure that they are constantly matching the demand this they are | :23:24. | :23:28. | |
seeing on the fore courts with higher prices. And only cutting | :23:29. | :23:32. | |
them, it seems, when demand is very, very low. Now, you normally see that | :23:33. | :23:38. | |
with this higher level of competition, classical economics, | :23:39. | :23:40. | |
would say that the prices will therefore have to fall, but | :23:41. | :23:43. | |
actually, in the Netherlands, it's where most of this seems to have | :23:44. | :23:47. | |
been trialled just outside of Rotterdam, we're seeing prices rise | :23:48. | :23:52. | |
and people are paying eight cents more per gallon. Some allegations of | :23:53. | :23:56. | |
collusion. They look at what everyone else is doing, they're | :23:57. | :23:59. | |
charging higher and I'll put mine up? There is probably evidence of | :24:00. | :24:04. | |
collusion in similar industries which are low margin, very, very | :24:05. | :24:10. | |
high volume, but also, you know, things like groceries and food. The | :24:11. | :24:16. | |
algorism story is something we talk about a lot in markets and | :24:17. | :24:24. | |
algorisms, Emmanuel Macron win by French stocks, we are starting to | :24:25. | :24:28. | |
see that in real life. So your job will be redundant soon? Yes, I'll go | :24:29. | :24:34. | |
and sort out a smart watch company. The Independent has got a story that | :24:35. | :24:37. | |
our economics editor has written about as well. This chap here, | :24:38. | :24:45. | |
Matthew Taylor who is leading a review. This is to do with the rise | :24:46. | :24:55. | |
of the gig economy and Uber and we are less fulfilled? Yes, whether you | :24:56. | :25:00. | |
come home and that's your day done or whether you are having to do more | :25:01. | :25:04. | |
and more hours to bring the cash in to pay the bills. Most of the | :25:05. | :25:09. | |
western economies are still seeing that, unemployment is at 30 year | :25:10. | :25:14. | |
lows, nearly 40 year lows here in the UK, but the level of pay that | :25:15. | :25:19. | |
people are getting and obviously the level of GDP that you would assume | :25:20. | :25:24. | |
with everyone in work for nine hours a day for example isn't actually | :25:25. | :25:27. | |
coming through and whether we are starting to see these zer hour | :25:28. | :25:34. | |
contracts, you look at places like JD Sports and whether we need to see | :25:35. | :25:38. | |
a more political change for that moving forward. Jeremy, thank you | :25:39. | :25:43. | |
very much. That's all from us today. Same time same place tomorrow. Yes, | :25:44. | :25:47. | |
I will have my statistic ready. Good. I'll look out for it. See you | :25:48. | :25:51. | |
soon. | :25:52. | :25:55. |