:00:00. > :00:13.This is Business Live from BBC News with Ben Thompson and Sally Bundock.
:00:14. > :00:16.So less than 24 hours until Britian goes to the polls, so which party
:00:17. > :00:19.has the policies to make voters prosper in a post-Brexit world?
:00:20. > :00:38.Live from London, that's our top story on Wednesday, 7th June.
:00:39. > :00:41.We'll hear from both main parties on how they'll pay for public
:00:42. > :00:43.services and manage the country's finances.
:00:44. > :00:50.Australia sees yet another quarter of economic growth,
:00:51. > :00:58.but is 26 years of growth a world record?
:00:59. > :01:05.We will have the details. Markets are looking like this across Europe
:01:06. > :01:07.as the last day of campaigning gets under way before the UK's general
:01:08. > :01:09.election. We will have all the details.
:01:10. > :01:13.100,000 hotel rooms and 20 million visitors.
:01:14. > :01:16.Dubai sets its sights high as it prepares for the 2020 World Expo.
:01:17. > :01:20.We'll get the inside track from the hotelier hoping to cash
:01:21. > :01:29.So luxury hotelsment we want to know what's the best perk you got from a
:01:30. > :01:32.hotel. Keep it clean. I dread to think what people will
:01:33. > :01:46.send after that comment from Sally. There is just one day
:01:47. > :01:48.to go until voters here in the UK head to the polls
:01:49. > :01:51.for the general election. It's the second national
:01:52. > :01:54.poll in two years after the referendum
:01:55. > :01:57.on EU membership. In light of recent terror attacks,
:01:58. > :01:59.security been a key issue on the campaign trail,
:02:00. > :02:02.but the economy will be a key factor And that could be
:02:03. > :02:11.determined by Brexit. Minimising disruption to the economy
:02:12. > :02:17.is one of the most divisive issues between the governing Conservatives
:02:18. > :02:21.and the opposition Labour Party. Since the 2005 election,
:02:22. > :02:24.you can see how the UK economy has gradually recovered
:02:25. > :02:26.since the 2008 financial crisis. But growth has been
:02:27. > :02:34.slow and unsteady. For many businesses,
:02:35. > :02:43.Brexit means uncertainty. 29th March 2019 is the current
:02:44. > :02:46.deadline for the UK Without a trade deal in place firms
:02:47. > :02:50.in the UK and in the EU And maintaining growth is critical
:02:51. > :02:58.for the UK's growing national debt. This year it's expected
:02:59. > :03:02.to be 88% of GDP or everything the country produces -
:03:03. > :03:04.which is higher than most In the year to the end of March
:03:05. > :03:10.the government spent $67 billion more than it raised through tax
:03:11. > :03:12.and other revenues. The Conservatives say that they'll
:03:13. > :03:15.get this deficit back down zero Labour says it wants to eliminate
:03:16. > :03:19.the deficit on day to day spending in five years,
:03:20. > :03:22.but will borrow to invest. But the independent economic
:03:23. > :03:24.think-tank the Institute for Fiscal Studies says Labour's
:03:25. > :03:28.figures don't add up. That's something we put
:03:29. > :03:36.to Shadow Chief Secretary I disagree with the Institute for
:03:37. > :03:41.Fiscal Studies. What we've tried to do in our manifesto is set out what
:03:42. > :03:45.our spending plans are going to be and we've got another document which
:03:46. > :03:50.sets out how we're going to raise those figures. They are set out
:03:51. > :03:55.clearly. It is the most clearly costed manifesto for many years. It
:03:56. > :04:00.is certainly more clearly costed than the Conservative manifesto and
:04:01. > :04:02.it is there for all to see and the Institute for Fiscal Studies have
:04:03. > :04:08.had the opportunity to pour over our figures. They disagree to some
:04:09. > :04:10.extent, but nevertheless we stand by the figures.
:04:11. > :04:12.With me is David Gauke who is the UK's Chief Secretary
:04:13. > :04:15.to the Treasury and the Conservative candidate for South West
:04:16. > :04:22.Hertfordshire which is just north of London.
:04:23. > :04:29.Good morning David. Now, of course, everybody now in this country is
:04:30. > :04:34.trying to crystallise its thought process on what's been a very swift,
:04:35. > :04:39.but for some, very confusing campaign period. For Theresa May she
:04:40. > :04:43.wanted to present a strong and stable message, but many are saying
:04:44. > :04:47.she has not really delivered a credible picture on what life will
:04:48. > :04:52.be like outside of the European Union which was kind of her trump
:04:53. > :04:56.card. What's your response to Well, I disagree. Clearly, we are going to
:04:57. > :05:00.enter into a period of negotiations. Negotiations that begin in 11 days'
:05:01. > :05:04.time. They are crucial for the future of this countriment they are
:05:05. > :05:08.crucial for the economy. And what is very important is we have the right
:05:09. > :05:12.leadership to go in and undertake that negotiation, to get the best
:05:13. > :05:18.possible deal for the United Kingdom, one that strengthens our
:05:19. > :05:21.economy, makes best use of the opportunities that are created, but
:05:22. > :05:24.also addresses some of the risks that may arise from Brexit. It's
:05:25. > :05:27.really, really important that we have the right leadership with a
:05:28. > :05:32.strong mandate to go out there and negotiate that deal. But looking at
:05:33. > :05:36.your manifesto, the Institute for Fiscal Studies, if I can get my
:05:37. > :05:39.words out, says it is extremely light when it comes to the details
:05:40. > :05:42.on the tax and spend proposals as is the Labour manifesto. There is a lot
:05:43. > :05:47.of detail in there, but they don't believe it adds up. But in terms of
:05:48. > :05:52.yours, not enough detail? Well, the difference, of course, is that we
:05:53. > :05:56.produced a Budget in March, signed off by the Office for Budget
:05:57. > :06:01.Responsibility, we set out more detail there in terms of what we are
:06:02. > :06:04.doing and as the Institute for Fiscal Studies have said we build on
:06:05. > :06:07.that approach. It's not a vast departure from what we've said
:06:08. > :06:11.before in the very detailed Budget. What we got from the Labour Party is
:06:12. > :06:15.a huge wish-list of spending proposals with some very dubious tax
:06:16. > :06:20.increases, dubious in terms of unlikely to raise anything like the
:06:21. > :06:23.revenue that they say in the short-term, they'll clearly fail to
:06:24. > :06:27.get the money, but in the longer term really damaging the capacity of
:06:28. > :06:29.the United Kingdom, damaging business confidence and as a
:06:30. > :06:33.consequence, really weakening the economy and that's a huge risk for
:06:34. > :06:38.the British people that they face when they go to the polls tomorrow.
:06:39. > :06:42.You criticised Labour for not having detail about how it would fund some
:06:43. > :06:45.of the proposals in its manifesto. The criticism of the Conservative
:06:46. > :06:48.manifesto is you can't afford the austerity measures that you're
:06:49. > :06:52.putting in place. That after seven years of austerity, already, you
:06:53. > :06:55.can't actually deliver the promised spending cuts. How can people
:06:56. > :06:59.believe that you will deliver what you're saying. ? Well, if you look
:07:00. > :07:02.at what we have done over the last seven years, we have delivered the
:07:03. > :07:06.spending reductions that we promise that had we would deliver and in
:07:07. > :07:09.that time, we have got more children going to good or outstanding
:07:10. > :07:13.schools. We have seen crime fall. You know, the NHS is treating more
:07:14. > :07:17.people than it has ever treated before. So I believe that we can
:07:18. > :07:21.continue to deliver the spending plans we've set out. Yes, there is
:07:22. > :07:26.more money for the NHS, yes, there is more money for schools. But
:07:27. > :07:29.within the great scheme of things, that is continuing an approach which
:07:30. > :07:32.I think has delivered for the British people, we've got record
:07:33. > :07:35.levels of employment in the UK. We have been one of the faster growing
:07:36. > :07:40.major economies of the last three years or so, so I think we can build
:07:41. > :07:43.on that. But just briefly, David, for businesses whether they be
:07:44. > :07:47.small, medium or large, I mean the situation with Europe and leaving is
:07:48. > :07:50.one of their key concerns and they are very concerned about the
:07:51. > :07:54.commitment you've made to net migration of the tens of thousands
:07:55. > :07:57.and what that will do to the labour market, to the skilled workers
:07:58. > :08:03.they're relying on from outside the UK? Well, what I would say to they
:08:04. > :08:07.will, look,er' not going to end immigration, but it is -- look,
:08:08. > :08:12.we're not going to end immigration, but we are looking to move to a
:08:13. > :08:17.different model because it is not sustainable. What is important is
:08:18. > :08:22.that we train up our people that we do more on skills, that employers
:08:23. > :08:25.are engaged with that's a key part of our modern industrial strategy so
:08:26. > :08:29.we have got our own skilled workforce so that employers have got
:08:30. > :08:36.the people that they need. All right, David Gauke, thank you.
:08:37. > :08:37.The UK's Chief Secretary to the Treasury and a member of the
:08:38. > :08:39.Conservative Party. And there's plenty more on the UK
:08:40. > :08:42.election on a special section of our website including
:08:43. > :08:44.on the economy and the policies You can also access via the BBC News
:08:45. > :08:49.app and select Election 2017. You can also access via the BBC News
:08:50. > :08:53.app and select Election 2017 tab. Let's take a look at some of
:08:54. > :08:56.the other stories making the news: The Spanish bank Banco Popular has
:08:57. > :09:04.been rescued by its larger Santander will pay just one euro
:09:05. > :09:12.for the bank but inject almost Banco Popular has been struggling
:09:13. > :09:16.since the eurozone crisis of 2012 because of billions of dollars
:09:17. > :09:18.of toxic loans and The ride hailing app Uber has fired
:09:19. > :09:23.20 of its staff as part of an investigation into sexual
:09:24. > :09:25.harassment and other problems around Action is also being taken
:09:26. > :09:28.against other staff. The company launched
:09:29. > :09:31.an investigation in February after former employee wrote a blog
:09:32. > :09:34.detailing what she said was systemic sexual harassment and gender
:09:35. > :09:36.bias at the company. The boss of Tesla says that
:09:37. > :09:40.new buyers of its Model 3 vehicle It will be the end of next year
:09:41. > :09:57.before they receive their new car. They've each paid a deposit
:09:58. > :10:00.of $1,000 to Tesla but the firm has needed to raise funds to prepare
:10:01. > :10:08.for the launch. That's something our correspondent
:10:09. > :10:12.prejicted would happen! Some breaking news coming into it
:10:13. > :10:17.us. It is news from Iran. State media is reporting two operate
:10:18. > :10:21.attacks in Tehran. In the first, gunmen, we're told opened fire
:10:22. > :10:25.inside the Iranian Parliament. It's reported that several people have
:10:26. > :10:28.been injured. One member of Parliament told local media that
:10:29. > :10:40.there were four gunmen inside the complex at one point. They were
:10:41. > :10:44.armed with rivals and a peus -- rifles and a pistol. As and when we
:10:45. > :10:49.get more detail what about is happening, we will update you.
:10:50. > :10:56.Here's a staggering statistic for you.
:10:57. > :10:59.Australia has just reported its 103rd quarter of economic growth
:11:00. > :11:05.Hence the nickname the Wonder from Down Under!
:11:06. > :11:09.Monica Miller has the details from our Asia Business hub.
:11:10. > :11:16.I suppose we're wondering how they have done this. China has a big part
:11:17. > :11:19.to play. It is a long streak, however some economists are
:11:20. > :11:25.questioning whether this is a record and this is why. They say that Japan
:11:26. > :11:30.actually experienced better growth between the 1960s and 1990s so that
:11:31. > :11:35.kind of phrase is actually, you know, it's a bit under question at
:11:36. > :11:40.this point. What it means is that Australia's economy grew by 0.3%.
:11:41. > :11:45.Now, that's modest compared to what they had a quarter ago which was
:11:46. > :11:48.1.1%. But, you know, exists were having their doubts going into
:11:49. > :11:51.today's announcement and that's because a lot of families in
:11:52. > :11:54.Australia really aren't seeing the benefits of this strong economy.
:11:55. > :12:01.They're struggling with low wages and punishing debt. The results
:12:02. > :12:06.should however be a relief to the reserve bank of Australia. Yesterday
:12:07. > :12:10.they decided to keep their interest rate at 1.5% where it has been since
:12:11. > :12:13.August because they were worried about lower GDP, we will have to see
:12:14. > :12:19.what happens next session. Back to you Sally and Ben. Monica, thank
:12:20. > :12:23.you. We will be back with you for the latest in the region.
:12:24. > :12:28.Shares in Japan barely moved. Investors are waiting to see
:12:29. > :12:38.what happens in potentially market moving global events later this week
:12:39. > :12:40.including, as we've discussed, the general election in the UK,
:12:41. > :12:43.a European Central Bank policy decision and former FBI director
:12:44. > :12:45.James Comey's Senate testimony There's also a whole load of data
:12:46. > :12:55.from China due this week. Tensions in the Gulf also not
:12:56. > :12:58.helping oil prices much. In Europe it's all eyes on the UK
:12:59. > :13:01.ahead of the general election. The opinion polls all show different
:13:02. > :13:10.outcomes for tomorrow's vote. The pound hasn't been
:13:11. > :13:13.significantly affected, but is still vulnerable
:13:14. > :13:15.if there's a hung parliament More on that shortly,
:13:16. > :13:19.but first let's head to the US where Michelle has the details
:13:20. > :13:28.about what's ahead on Wall Street. With economic data light and with
:13:29. > :13:33.politics on the minds of many investors this week, from the UK
:13:34. > :13:36.election to former FBI director James Comey's testimony before the
:13:37. > :13:41.Senate on Thursday, unsurprisingly markets are shying away from taking
:13:42. > :13:45.on too much risk. Against this backdrop Donald Trump continues his
:13:46. > :13:49.push this week to spend more on infrastructure. On Monday you may
:13:50. > :13:53.recall the president spoke of the need to upgrade America's air
:13:54. > :14:07.traffic technology by privatising the system. This Wednesday, he will
:14:08. > :14:10.be in Cincinnati. Trump's economic agenda from infrastructure to tax
:14:11. > :14:14.reform as well as deregulation proved popular with voters,
:14:15. > :14:17.businesses and with the stock market, but lately fears have grown
:14:18. > :14:19.about just how much of his agenda will the president be able to
:14:20. > :14:24.deliver? That's the question on many people's
:14:25. > :14:28.minds, since November last year. Joining us is Jeremy Stretch,
:14:29. > :14:39.head of currency strategy Good morning. Good morning. We are
:14:40. > :14:43.looking at the story of Santander rescuing a bank. Give us your take.
:14:44. > :14:46.It is a reminder of the risk out there in Europe? This is one of the
:14:47. > :14:50.reasons why Europe has been slower in terms of the recovery process
:14:51. > :14:53.because a until of banks in Europe have still been rather under
:14:54. > :14:59.capitalised and one of the reasons why this bank was struggling was the
:15:00. > :15:06.fact they had almost 37 billion of non performing real estate loans. So
:15:07. > :15:09.it is a reminder if it were needed that there are still problems in the
:15:10. > :15:13.banking sector, not just in Spain, but in parts of Europe which have
:15:14. > :15:21.been holding back the eurozone recovery somewhat. Sepp
:15:22. > :15:28.Some reaction to the acquisition of Banco Popular. This is Nick Leeson.
:15:29. > :15:34.He says that banks are getting cheaper, Banco Popular only 1 euro.
:15:35. > :15:38.He says this underlines the risk of that banks face and the desperate
:15:39. > :15:41.need to recapitalise. Indeed. We have been seeing these problems in
:15:42. > :15:47.the banking sector going back to Northern Rock in the UK, although we
:15:48. > :15:50.had a liquidity crisis which has been one of the problems for this
:15:51. > :15:56.particular bank. And there are still ongoing concerns. And for viewers in
:15:57. > :16:01.Spain, the European Commission is at pains to say that their deposits are
:16:02. > :16:05.safe. Indeed. That is the message we are getting, that the supervisory
:16:06. > :16:10.mechanism across Europe is doing what it should do in terms of making
:16:11. > :16:14.sure, and guaranteeing that a failing bank is taking over by
:16:15. > :16:19.another one, well funded institution such as Santander so that investors
:16:20. > :16:22.will see their deposits maintained. We note that there will be no
:16:23. > :16:29.uncertainty in that context. Jeremy is coming back later. Two. To us
:16:30. > :16:30.about other stories. -- to talk to us.
:16:31. > :16:32.Still to come, build it and they'll come.
:16:33. > :16:35.We get the inside track on Dubai's latest building boom - for hotels.
:16:36. > :16:37.AS the city prepares for 20 million visitors ahead
:16:38. > :16:53.You're with Business Live from BBC News.
:16:54. > :16:58.Another day, another house price survey and a week after nationwide
:16:59. > :17:02.reported a cooling of prices, Halifax are saying that growth is
:17:03. > :17:09.slowing, too. If we look at the overall figure, prices have gone up
:17:10. > :17:14.by 3.3% year on year but have fallen by 0.2% over the last quarter. There
:17:15. > :17:23.has been a shift. Feel like it has been crunching the numbers. He is in
:17:24. > :17:26.our business newsroom. -- Theo Leggett. This has been pretty
:17:27. > :17:31.consistent. The message coming out of the moment is that the housing
:17:32. > :17:36.market is cooling. If you take that figure of 3.3% growth over the past
:17:37. > :17:43.year, a little more than a year ago it was 10%. This quarterly fall of
:17:44. > :17:46.0.2% is only the second quarterly fall since 2012. We're seeing that
:17:47. > :17:49.house prices have risen to such an extent in London and the south-east
:17:50. > :17:53.in particular that they are now becoming less affordable, and it is
:17:54. > :17:57.tailing off. That is not the case according to many of the surveys
:17:58. > :18:00.that we have had in the north of the country in particular. Those prices
:18:01. > :18:04.are still pretty buoyant. But because of the slowdown in the
:18:05. > :18:08.south, the picture across the country is that prices are easing
:18:09. > :18:13.off. And what is so interesting is that we get caught up in these
:18:14. > :18:16.numbers. We have to give it a bit of context and a bit of perspective
:18:17. > :18:20.because there is no point getting caught up on month by month, the
:18:21. > :18:26.overall trend is what we should care about. Yes, and the overall trend
:18:27. > :18:29.means you look at the trend year on year, where house prices are rising
:18:30. > :18:33.but not as quickly. Over the past year, don't forget that we have had
:18:34. > :18:36.a great deal of political uncertainty following the EU
:18:37. > :18:40.referendum vote, we got a general election, and people are not
:18:41. > :18:44.entirely sure what is happening with interest rates. What Halifax says is
:18:45. > :18:48.that there is still a relatively short supply of houses, would not
:18:49. > :18:52.that much on the market. Interest rates are still fairly low and there
:18:53. > :18:55.is every reason to expect that they will firm up a bit over the coming
:18:56. > :19:02.months. Thanks a lot. We will see you very soon. Stay away from the UK
:19:03. > :19:09.election for a few more minutes, Anglo-American has named a new
:19:10. > :19:12.chairman. A big player on the FTSE 100. They have appointed steward
:19:13. > :19:21.chambers, who was with a UK ship maker. Stewart is on the right-hand
:19:22. > :19:39.side there he is with the boss of Softbank. That is some more news.
:19:40. > :19:44.Our top story here, politicians across Britain making their last
:19:45. > :19:48.full day of campaign stops before the election. Both main parties have
:19:49. > :19:52.been criticised over their plans for the public finances. Labour
:19:53. > :19:56.criticised for how it plans to fund some of its manifesto promises and
:19:57. > :20:00.the Conservatives under fire for how they will continue austerity cuts.
:20:01. > :20:04.Looking at the market is very briefly, don't forget that we have
:20:05. > :20:09.got fact checking and all sorts on our website. Take a look at the
:20:10. > :20:14.manifestos and what they promise. The markets in Europe are fairly
:20:15. > :20:16.flat, as you can see. There is a European Central Bank meeting
:20:17. > :20:22.tomorrow, as well as the European election -- UK election. Investors
:20:23. > :20:25.remaining cautious. You might think the last thing Dubai needs is more
:20:26. > :20:32.hotels, but as the country prepares to hold the world Expo intention --
:20:33. > :20:37.world export to limit exposure in 2020s says it needs more than
:20:38. > :20:39.100,000 hotel rooms to cope with an extra 20 million visitors.
:20:40. > :20:42.So as well as building new hotels, the city
:20:43. > :20:44.is expanding existing ones - including the Atlantis Resort, built
:20:45. > :20:49.I met up with Serge Zaalof, the Managing Director
:20:50. > :20:52.at Atlantis Dubai and asked him what's driving Dubai's building
:20:53. > :21:02.The good thing about to buy, we have over 20 different nationalities in
:21:03. > :21:06.Dubai. If you are successful in Europe occupation, it does not
:21:07. > :21:12.matter what religion or ethnic to see you are, you will be taken
:21:13. > :21:16.seriously. It is a very good society. Logistically, they are
:21:17. > :21:19.working on it and it is improving year-on-year. But there is always
:21:20. > :21:24.some instruction happening. It is for the good of the country and the
:21:25. > :21:29.city and the people working here also, and for tourists of course.
:21:30. > :21:33.The last time I was in Dubai, I was astonished at how many new hotels
:21:34. > :21:40.were there. So many more hotel rooms. Does that worry you? No
:21:41. > :21:48.because we have been talking about this since the 90s. We thought we
:21:49. > :21:53.would be suffering from low occupancy rates but this is not
:21:54. > :21:59.happening. Compared to last year, we are 93% occupancy. In the old days
:22:00. > :22:03.we had a lot of problems and then the Russians started coming, and now
:22:04. > :22:06.we have the Chinese and the Indians. The Germans and French are coming
:22:07. > :22:11.back. And Russia is coming back also. You currently have the
:22:12. > :22:16.Atlantis hotel and you are about to expand and open a new one down the
:22:17. > :22:21.road. Tell me about that. We are opening at the end of 2019 and we
:22:22. > :22:24.have a very iconic architecture, a bit of a departure from what we have
:22:25. > :22:29.right now. It is very modern architecture. It will be linked by a
:22:30. > :22:34.bridge in the middle and I think that we are going to look at the
:22:35. > :22:38.Guinness book of records because we will have 94 swimming pools in the
:22:39. > :22:46.building, between the hotel and the residences. A lot of challenges for
:22:47. > :22:49.the global travel industry at the moment, be that travel bans or
:22:50. > :22:57.people having less money in their pocket. How do you keep people
:22:58. > :23:00.coming to your hotels? We have a lot of attractive offers for our
:23:01. > :23:05.customers. We are very flexible. One thing that is amazing about Dubai is
:23:06. > :23:12.that tourism works very closely with the private sector. The Minister of
:23:13. > :23:20.tourism, he calls me every two weeks. This would not happen in any
:23:21. > :23:26.other country. So to buy, they are keeping their hands on it, and it is
:23:27. > :23:33.very effective. The Emirates airline reported a big fall in profits last
:23:34. > :23:38.year, does that worry you? No. Emirates have dropped rates because
:23:39. > :23:42.they have to, and we have to also. Atlanta's have dropped their rates
:23:43. > :23:46.less than the competition, and we are doing what we expected to do,
:23:47. > :23:51.the same numbers in 2016. We are beating the budget and we are very
:23:52. > :23:56.happy. But we are not worried about Emirates. Dubai has a 2020 vision
:23:57. > :24:00.and it is all about getting everybody aligned behind that for
:24:01. > :24:06.the world Expo. How important is something like that for all the
:24:07. > :24:12.different parts of the economy to get behind? The committee for 2020
:24:13. > :24:17.is meeting with us at Atlantis, and we are very much involved in the
:24:18. > :24:21.discussion. It will happen and it will be positive. When Dubai does
:24:22. > :24:27.something, it does it well or does not. We are confident it will be a
:24:28. > :24:30.good success. The managing director of Atlantis India by speaking to me
:24:31. > :24:38.about their expansion plans. 100,000 hotel the target by 2020. So we
:24:39. > :24:40.asked you if you had had any incredible free hotel perks, and
:24:41. > :24:44.what was important to you when staying in a hotel. Suzy got in
:24:45. > :24:50.touch. She works for Alltel because she says, we arrange for guests to
:24:51. > :24:56.see the on the beach. -- we arranged for a guest to sleep on the beach.
:24:57. > :24:59.They moved the entire room out to the beach. Let's reintroduce Jeremy.
:25:00. > :25:04.He is back with us. The most important thing for you in a hotel?
:25:05. > :25:10.Obviously why fight is won, and I think a very good shower is always
:25:11. > :25:13.very useful. -- obviously wi-fi is one. I find that those cards that
:25:14. > :25:18.they use instead of a key, they always many function -- there was
:25:19. > :25:24.not auction. Let's talk about Qatar because they are looking at the
:25:25. > :25:27.diplomatic spat between Qatar and its neighbours. They are trying to
:25:28. > :25:34.count the economic cost as anger continues. It is an interesting
:25:35. > :25:38.story. Clearly there is this diplomatic impasse between the
:25:39. > :25:42.powers within the region and clearly that is related Berkeley to
:25:43. > :25:50.negotiations or relations with Iran, which obviously are a thorny issue
:25:51. > :25:52.for Saudi Arabia. In the context of Qatar, there are real concerns about
:25:53. > :25:58.price pressures and shortages of goods. Good to see you. Time is
:25:59. > :26:02.tight but thank you for coming in. We are back tomorrow.
:26:03. > :26:07.A busy day ahead of the general election. Bye-bye.