Browse content similar to 05/07/2017. Check below for episodes and series from the same categories and more!
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Live from London, that's our top story on Wednesday 5th July. | :00:00. | :00:18. | |
General Motors is hoping to get the all-clear for the sale of Opel | :00:19. | :00:21. | |
and Vauxhall today, but workers fear for their future, | :00:22. | :00:23. | |
as the new buyers talk of "speedy" cost savings. | :00:24. | :00:29. | |
And Narendra Modi has become the first | :00:30. | :00:34. | |
Indian Prime Minister to visit Israel ever, with new military | :00:35. | :00:37. | |
and cyber security deals at the top of the agenda. | :00:38. | :00:39. | |
And we have the latest from the markets. | :00:40. | :00:44. | |
All of them down, but the FTSE only a touch, just .03 of a percent. More | :00:45. | :00:51. | |
on that later. And we'll be getting | :00:52. | :00:53. | |
the inside track on on a business that's been milking big profits | :00:54. | :00:55. | |
around the globe, we're going to be speaking | :00:56. | :00:57. | |
to the boss of Arla, one of the world's | :00:58. | :01:00. | |
biggest dairy companies. Also, as Volvo calls time | :01:01. | :01:01. | |
on the internal combustion engine, are you ready to give | :01:02. | :01:04. | |
up your gas guzzler? Get in touch, just use | :01:05. | :01:07. | |
the hashtag #BBCBizLive. whether or not to give the green | :01:08. | :01:16. | |
light to General Motors for the $2.5bn sale | :01:17. | :01:22. | |
of its European operations. GM is hoping to off-load Vauxhall | :01:23. | :01:28. | |
and Opel to the PSA group, that's the French company, | :01:29. | :01:32. | |
which owns Peugeot and Citroen. It's easy to see why | :01:33. | :01:36. | |
General Motors wants to sell - their European operation, | :01:37. | :01:39. | |
which is dominated by Opel, has lost If successful, | :01:40. | :01:41. | |
the deal would make PSA the continent's second-biggest car | :01:42. | :01:49. | |
maker, after Volkswagen, and ahead Opel employs 38,000 | :01:50. | :01:51. | |
people across Europe, and it's feared the sale could put | :01:52. | :02:01. | |
thousands of those jobs under threat, with workers in the UK and | :02:02. | :02:04. | |
Germany considered to be most at With me is Ozgur Tohumcu, Chief | :02:05. | :02:07. | |
Executive of Tantalum Corporation - who specialise in analysing | :02:08. | :02:11. | |
automotive data. Ozgur, thank you so much for joining | :02:12. | :02:19. | |
us in the studio. Do you think this deal will go ahead? I think it will | :02:20. | :02:23. | |
go ahead, because if you look at all the data and the money just | :02:24. | :02:27. | |
presented, it will be the second largest auto-maker in Europe. I | :02:28. | :02:30. | |
don't necessarily think it will be a moniker listed position for the new | :02:31. | :02:36. | |
company, so it will be cleared in my opinion -- a monopoly. Given that GM | :02:37. | :02:44. | |
have lost $9.1 billion through Opal, why do PSA want to buy the company? | :02:45. | :02:51. | |
To your point, the European operation for GM has not made a | :02:52. | :02:55. | |
profit since 1999, and PSA once it probably for two reasons, one is | :02:56. | :02:58. | |
that you will have access to the second largest market in Europe, | :02:59. | :03:03. | |
which is the UK, and then it allows them to distribute their cars across | :03:04. | :03:07. | |
a larger scale. Will they use it to get out of Europe at all, because | :03:08. | :03:13. | |
PSA is notoriously European continent based? Will they go to | :03:14. | :03:16. | |
China, export to the States, anything like that? Towards emerging | :03:17. | :03:21. | |
markets may be, I doubt towards the US because PSA tried to enter the | :03:22. | :03:25. | |
American market for many years and has not been successful, but | :03:26. | :03:29. | |
ultimately I think it is a play for the European market. There is | :03:30. | :03:32. | |
concern this merger could bring job cuts for workers. There must be a | :03:33. | :03:36. | |
lot of overlaps. There has been a lot of good communication between GM | :03:37. | :03:41. | |
and the PSA group, Opel and Vauxhall, as far as I can look at | :03:42. | :03:46. | |
the media following the press releases, the German work | :03:47. | :03:48. | |
councillors and the UK unions were given a lot of assurances about now | :03:49. | :03:52. | |
job cuts, but history says in the long-term if you want to achieve the | :03:53. | :03:56. | |
types of savings they are looking for, you have to do some reductions. | :03:57. | :04:01. | |
What is interesting about the timing of this, the timing in the | :04:02. | :04:04. | |
development of Holkar industry is that we all know in ten years' time | :04:05. | :04:07. | |
the car industry will completely different from whatever it is like | :04:08. | :04:11. | |
at the moment. So how does this move really play -- the Hoff car injures | :04:12. | :04:22. | |
three. -- the Holkar industry. Yes, some of the emerging trends. You | :04:23. | :04:28. | |
highlighted one of them around a electric vehicles, you have the | :04:29. | :04:36. | |
drive towards autonomous vehicles. There is not much talk about how the | :04:37. | :04:39. | |
new entity will be embracing these new trends. So it is all up in the | :04:40. | :04:46. | |
air? For addressing these trends, think it is a lot in the air and we | :04:47. | :04:49. | |
have to realise all of these companies to be successful in the | :04:50. | :04:52. | |
long-term, they have to embrace of these big shifts in the car | :04:53. | :04:56. | |
industry. OK, thank you very much for your time. | :04:57. | :04:57. | |
Let's take a look at some of the other stories making the news... | :04:58. | :05:02. | |
Volvo has announced that it is the first traditional | :05:03. | :05:04. | |
car-maker to shift to pure electric and hybrid production - | :05:05. | :05:07. | |
signalling the end of the internal combustion engine. | :05:08. | :05:10. | |
Every model made from 2019 onwards will have an electric motor. | :05:11. | :05:15. | |
The company said it will also offer hybrid options on every model. | :05:16. | :05:19. | |
London remains Europe's number one hub for technology | :05:20. | :05:21. | |
The Mayor of London's agency, London Partners, say that | :05:22. | :05:26. | |
in the first half of 2017, private equity investment | :05:27. | :05:28. | |
in the capital's tech sector totalled a record $5.8bn. | :05:29. | :05:31. | |
During the same period, Berlin was the next most popular | :05:32. | :05:33. | |
Emirates has said the cabin ban on laptops no longer applies | :05:34. | :05:45. | |
In March, the US banned cabin laptops and other large electronic | :05:46. | :05:49. | |
devices to and from eight mostly Muslim nations, fearing bombs may | :05:50. | :05:52. | |
Just a quick look at this story coming out of India on our live | :05:53. | :06:08. | |
page, posted by Simon Atkinson, saying snapped deal rejects flip | :06:09. | :06:12. | |
card offer. This was a long awaited merger, India's two biggest | :06:13. | :06:15. | |
home-grown online retailers. It looks like talks have hit the rocks. | :06:16. | :06:23. | |
Snapped deal rejected a takeover. Amazon is making big inroads into | :06:24. | :06:26. | |
India so it is thought that negotiations might get back on | :06:27. | :06:29. | |
track. Nobody has said anything officially yet on that one. | :06:30. | :06:32. | |
Nahendra Modi is in Israel on the first ever official | :06:33. | :06:34. | |
Sameer Hashmi is in Mumbai - what's on the agenda? | :06:35. | :06:39. | |
A lot, if it is the first visit ever. That's right, it is a | :06:40. | :06:49. | |
significant and historic trip, the first Indian Prime Minister to visit | :06:50. | :06:54. | |
Israel in 70 years, since India got independence. A lot is on the menu, | :06:55. | :07:00. | |
especially deals, I want to talk about the fence first, that is the | :07:01. | :07:04. | |
big area where deals are expected. India is Israel's biggest market for | :07:05. | :07:08. | |
arms -- want to talk about defence first. India is expected to order | :07:09. | :07:16. | |
8000 spike anti-tank missiles, which would cost about $500 million. That | :07:17. | :07:20. | |
deal could be signed on this trip. India could also signed MoUss for | :07:21. | :07:28. | |
buying more weapons in the future. Last year India signed deals worth | :07:29. | :07:31. | |
$2 billion alone when it comes to defence. Israel and India space | :07:32. | :07:38. | |
agencies could sign a deal where they could collaborate on some | :07:39. | :07:42. | |
projects, and Israel could look at buying or using India space research | :07:43. | :07:47. | |
Organisation's lunches to launch its own satellites. In addition to that, | :07:48. | :07:53. | |
water and agriculture are the other two sectors where deals are expected | :07:54. | :07:57. | |
to be announced. So yes, multi-billion dollars of deals could | :07:58. | :08:00. | |
be announced at the end of this trip and we are expected to hear | :08:01. | :08:03. | |
something by this evening. Good to hear from you, thank you. A quick | :08:04. | :08:11. | |
look at markets. Completely unfazed, then OK, by the missile tests in | :08:12. | :08:19. | |
North Korea. All of the markets a little bit of looking reasonably | :08:20. | :08:21. | |
healthy. On the European markets, this is where they have started. The | :08:22. | :08:28. | |
FTSE hovering around 73.50, 73.60. Read tax is down a touch. Remember, | :08:29. | :08:32. | |
later in the week we have the jobs figures coming out of the US. We are | :08:33. | :08:37. | |
slightly holding our breath for that but we would talk about that a bit | :08:38. | :08:40. | |
in a second. Meanwhile, looking ahead to what is going on in the US | :08:41. | :08:44. | |
later today, remember we had a holiday yesterday. | :08:45. | :08:50. | |
People will be rubbing their eyes as they get back to business on | :08:51. | :08:54. | |
Wednesday after the July four holiday. Markets and businesses were | :08:55. | :08:59. | |
closed in observance, so Wednesday will really be back at it for most | :09:00. | :09:04. | |
people. The Federal Reserve, America's central bank, will release | :09:05. | :09:07. | |
the minutes from their last committee meeting back in June. At | :09:08. | :09:12. | |
that meeting, they decided to raise interest rates, and it was the | :09:13. | :09:15. | |
fourth time they have done so since the end of the recession. The Fed | :09:16. | :09:21. | |
also revealed plans to reduce its monster sized bond portfolio but | :09:22. | :09:26. | |
during the financial crisis. -- bought during the financial crisis. | :09:27. | :09:30. | |
The minutes will be interesting because policy members have | :09:31. | :09:33. | |
expressed concerns about inflation, that it is quite tepid, so investors | :09:34. | :09:36. | |
will be looking to see if any of that anxiety might put the brakes on | :09:37. | :09:38. | |
further increases to interest rates. Joining us is Mike Amey, | :09:39. | :09:45. | |
Managing Director and Portfolio Manager at investment | :09:46. | :09:49. | |
management firm, PIMCO. We will start with the Asian | :09:50. | :09:56. | |
markets, something you might have expected to see a big reaction on | :09:57. | :09:59. | |
the markets with a North Korean missile test, but it hasn't really | :10:00. | :10:02. | |
happened. If you look back to the last six to nine months, one of the | :10:03. | :10:06. | |
things we were worried about with a change in the US presidency was some | :10:07. | :10:10. | |
more aggressive foreign policy, and potentially that could create some | :10:11. | :10:13. | |
volatility is in the markets. You have had all of these nuclear tests, | :10:14. | :10:18. | |
these ballistic tests, rather, and a very muted response, effectively | :10:19. | :10:21. | |
just moving on. Because they just anything it is going to come to | :10:22. | :10:28. | |
anything, for...? I think there is no clarity. I thought markets hate | :10:29. | :10:33. | |
uncertainty? But nothing has changed. We have seen this before, | :10:34. | :10:38. | |
one way or another. I do think it is quite interesting that the markets | :10:39. | :10:42. | |
are just not interested, which is potentially a little bit complacent, | :10:43. | :10:47. | |
frankly. I have written down in my notes here, missiles and money. The | :10:48. | :10:52. | |
second question is about money, world pay, this great transaction | :10:53. | :10:56. | |
processor. People are chasing it. It will go for a lot of money. WorldPay | :10:57. | :11:09. | |
is a transaction system, when you pay through your mobile phone | :11:10. | :11:13. | |
banking app or through contactless, these are the people who do the | :11:14. | :11:16. | |
transactions, and they are doing very well at it. The company has | :11:17. | :11:20. | |
been valued at eight to nine Ilion pounds. It rose by ?2 billion | :11:21. | :11:27. | |
yesterday alone. Which ironically is what RBS sold at four in 2010. Poor | :11:28. | :11:33. | |
RBS. A tough one to look back on. Unfortunately the time they had to | :11:34. | :11:39. | |
sell it, they had no choice was that RBS a British state-owned bank that | :11:40. | :11:42. | |
had to be bailed out in 2008 and then had to sell off its assets, and | :11:43. | :11:48. | |
this was one of them. Enda yes, sold the two billion and now it is worth | :11:49. | :11:51. | |
eight to nine. We will be talking about Bravo getting rid of the | :11:52. | :11:58. | |
internal combustion engine, do you have a hybrid car? We do have an | :11:59. | :12:04. | |
electric car actually. Head of the curve, I am still on a diesel. So am | :12:05. | :12:10. | |
I. Still to come, we will be getting the inside track on a business that | :12:11. | :12:12. | |
has been milking big profits around the globe. | :12:13. | :12:15. | |
You are with Business Live, from BBC News. | :12:16. | :12:24. | |
Food prices at the supermarket are continuing to rise, | :12:25. | :12:26. | |
according to the latest shop price index from the British | :12:27. | :12:29. | |
ambient food up 1.5% - over prices were down 0.3% in june | :12:30. | :12:38. | |
ambient food up 1.5% - over prices were down 0.3% in June | :12:39. | :12:41. | |
helped by non food products falling 1.4% in price. | :12:42. | :12:48. | |
Rachel Lund is Head of Retail Insight Analytics | :12:49. | :12:50. | |
I suppose what surprises me about these figures is in some respects of | :12:51. | :13:00. | |
them are still going down, even though we have got inflation at | :13:01. | :13:06. | |
2.9%. You are absolutely right. Year-on-year, some of these prices | :13:07. | :13:09. | |
are going down, although what we have seen the last six months as | :13:10. | :13:12. | |
they are edging up, it is just that at the back end of last year there | :13:13. | :13:16. | |
were some big falls in prices, so quite a lot of ground to recover, | :13:17. | :13:23. | |
particularly in non-food prices. So what is actually reversing the sort | :13:24. | :13:26. | |
of devolutionary trend in food prices? Is it to do with the weaker | :13:27. | :13:32. | |
pound or what? It has a big part to play. The currency has fell 12% | :13:33. | :13:35. | |
since the referendum last year, which has a big impact on input | :13:36. | :13:39. | |
costs, but also to monitor prices as well first we have been through a | :13:40. | :13:43. | |
period of low and falling commodity prices, which has reversed over the | :13:44. | :13:47. | |
past year, so we have seen some big gains in underlying commodity | :13:48. | :13:50. | |
prices. Looking forward, where do you think prices will go in the | :13:51. | :13:54. | |
supermarkets? Prices will continue to head upwards. We have probably | :13:55. | :13:58. | |
seen the lion's share of increases in food prices, they will almost | :13:59. | :14:01. | |
certainly had up a little bit but we have still got a little bit more to | :14:02. | :14:11. | |
come, particularly in the non-food area. We expect to see the shop | :14:12. | :14:13. | |
price index, which we report on, heading to inflationary territory in | :14:14. | :14:15. | |
the next few months. What you think is the major factor in the moment in | :14:16. | :14:18. | |
terms of determining where prices go? I think it very much is the | :14:19. | :14:22. | |
currency movement. That takes some time to feed through, because of | :14:23. | :14:25. | |
hedging contracts and also because of stock cycles as well, and we | :14:26. | :14:28. | |
haven't seen all of those impacts play out. Thank you very much for | :14:29. | :14:32. | |
joining us. We will look at another food related item on our live page. | :14:33. | :14:39. | |
Food and cars and missiles today, isn't it? Do you do your grocery | :14:40. | :14:44. | |
shopping online? Sometimes but very rarely. What do you think the | :14:45. | :14:53. | |
average weekly Ocado costs? 50 quid. ?108 and that has gone down. More | :14:54. | :14:55. | |
details on that on our live page. You're watching Business Live - | :14:56. | :15:04. | |
our top story The EU Commission will decide today whether or not | :15:05. | :15:06. | |
to give the green light to General Motors sale | :15:07. | :15:09. | |
of its European Vauxhall and Opel A quick look at how | :15:10. | :15:11. | |
markets are faring.... We have moved upwards. A little bit | :15:12. | :15:28. | |
undecided, the FT-SE up one quarter of a percent. | :15:29. | :15:35. | |
Now let's get the inside track on the big business | :15:36. | :15:37. | |
Our next guest, Arla Foods, is one of the world's | :15:38. | :15:42. | |
biggest dairy companies - that's been going since | :15:43. | :15:45. | |
the 1880's and now turns over in excess of $10bn. | :15:46. | :15:52. | |
The brand does not have an enormous profile. | :15:53. | :15:55. | |
Based in Denmark, Arla is an international | :15:56. | :15:57. | |
It's major brands include Lurpak butter and Castello cheese. | :15:58. | :16:04. | |
Peder Tuborgh is the Chief Executive of Arla... | :16:05. | :16:09. | |
Welcome to the studio. The company has a long and deepest to read. | :16:10. | :16:17. | |
Telus when it started, and how it is led by cooperatives? The company is | :16:18. | :16:23. | |
much older than us. Since the 1880s. We are owned by farmers in seven | :16:24. | :16:28. | |
different countries. Including 2500 farmers in the UK. We have a big | :16:29. | :16:36. | |
base of farmers that own the company this because it is owned by the | :16:37. | :16:40. | |
farmers, what difference does that make? Why are you different from an | :16:41. | :16:45. | |
ordinary milk company? We're different, every penny we make our | :16:46. | :16:48. | |
profits go right back to the farmers. I have employed by farmers | :16:49. | :16:53. | |
to make sure the milk price is as high as it can be in any given | :16:54. | :16:59. | |
situation. Let's talk about the milk price. About one year ago in the | :17:00. | :17:05. | |
headlines in the UK. Unsustainable, farmers getting less than it was | :17:06. | :17:09. | |
costing them to produce it. Where is it now? We have been through a | :17:10. | :17:14. | |
recession, global recession, millions of farmers can echo that. | :17:15. | :17:18. | |
It has recovered. We are on an upward slope. We heard from your | :17:19. | :17:24. | |
previous interview there is inflation, but nothing to do with | :17:25. | :17:29. | |
the pound, it is a global thing. Do your farmers make more from their | :17:30. | :17:36. | |
milk than other farmers? We strive to be in a position. That is not a | :17:37. | :17:43. | |
yes. At the moment yes, but you can find times when we are just average. | :17:44. | :17:48. | |
Why is it so difficult to get a high price for milk, it is such a natural | :17:49. | :17:52. | |
food, something we will need. The world's population is growing. Why | :17:53. | :17:58. | |
is the milk price so volatile? It is Wallace are because of the supply | :17:59. | :18:03. | |
side. Farmers all over the world react to milk prices. When it is | :18:04. | :18:07. | |
down this stop producing. Which they have done in the last year. Then | :18:08. | :18:14. | |
there is a lack of milk, guess what, but very short at Christmas time. We | :18:15. | :18:21. | |
have a desperate need for butter. By your Christmas but now. Where will | :18:22. | :18:27. | |
milk come from in the future? The big mass intensive farms in the huge | :18:28. | :18:36. | |
acres of them. Or will it come from organic food and farms? We are the | :18:37. | :18:43. | |
world's biggest producer of organics food. 1 billion litres of milk. Our | :18:44. | :18:48. | |
organic farmers are amongst the biggest one. It is having bigger | :18:49. | :18:55. | |
farms, that is a trend for 125 years, but doing it in a sustainable | :18:56. | :18:59. | |
way. That is why we are unique, doing it without farmers, to make | :19:00. | :19:03. | |
sure as they become more efficient they are doing it in a sustainable | :19:04. | :19:08. | |
way. What new markets are opening up? More sales in China? Yes | :19:09. | :19:13. | |
certainly, we have partnerships and co-owner ships in China. I'm very | :19:14. | :19:18. | |
focused on Africa and sub Sahara, we have open the facility in Nigeria. | :19:19. | :19:25. | |
What concerns do have, compared to the UK? It is new consumption. Plays | :19:26. | :19:31. | |
out in a different way. The Chinese do not eat a lot of cheesier. How | :19:32. | :19:38. | |
that cheese market will play up is a wonder. What is your contribution to | :19:39. | :19:44. | |
greenhouse gas? Your methane production is massive. Actually a | :19:45. | :19:50. | |
serious problem. It is, that is how the carriers. A force of nature. | :19:51. | :19:58. | |
Well, you can do a lot of things to research, how you feed the cows. We | :19:59. | :20:03. | |
have great programmes around. On the supply side, we have the biggest | :20:04. | :20:13. | |
fresh milk dairy outside London, carbon neutral. 80%. That is how | :20:14. | :20:20. | |
you're going to feed an enormous market coming in China. Increasingly | :20:21. | :20:25. | |
using dairy products, which 20 years ago they did not. Still the per | :20:26. | :20:30. | |
capita consumption is much lower than Europe. That will drive the | :20:31. | :20:34. | |
excitement in the future of the dairy industry. Thank you so much | :20:35. | :20:36. | |
for coming in. In a moment we'll take a look | :20:37. | :20:38. | |
through the Business Pages but first here's a quick reminder of how | :20:39. | :20:41. | |
to get in touch with us. The business live pages where you | :20:42. | :20:50. | |
can stay ahead of all the day's breaking business news. We keep you | :20:51. | :20:54. | |
up to the latest details with insight and analysis from the BBC's | :20:55. | :20:57. | |
team of editors right around the world. We want to hear from you, get | :20:58. | :21:04. | |
involved on the BBC Business Live page. We aren't Twitter. And you can | :21:05. | :21:08. | |
find us on Facebook. -- we are on. What other business | :21:09. | :21:18. | |
stories has the media been Joining us again is Mike Amey, | :21:19. | :21:20. | |
Managing Director and We will start with his Volvo story. | :21:21. | :21:31. | |
Explain what this is about. The end of the combustion engine? Volvo | :21:32. | :21:38. | |
announcing that by 2019 all of their cars, they will not have a | :21:39. | :21:42. | |
combustion engine in any car from 2019 onwards. The first classic car | :21:43. | :21:52. | |
company. They will have an option of combustion in the Highbury. Name one | :21:53. | :21:58. | |
is developing in internal combustion engine now, he would? You have the | :21:59. | :22:02. | |
transition going on. The key question for the car industry, where | :22:03. | :22:09. | |
the focus is. Whether the incumbents will be the dominant force, or the | :22:10. | :22:14. | |
newer companies coming through. Volvo trying to be one of the newer | :22:15. | :22:17. | |
companies, making the move early. You are a convert? We have an | :22:18. | :22:23. | |
electric car. It is great. Really enjoyed it. What about the range? | :22:24. | :22:30. | |
About to edge and 50, 200 six miles. What happens if you want to go 500 | :22:31. | :22:42. | |
miles. We have a diesel car. We thought that when we were told the | :22:43. | :22:46. | |
authority by diesel cars this would you give up your gas guzzler? Andy | :22:47. | :22:50. | |
says electric cars are not the future. Hydrogen fuel cells will be | :22:51. | :22:57. | |
the only way forward. Wolfgang says he would go for it for the right | :22:58. | :23:01. | |
place. Jim says why have a car when you can have a new | :23:02. | :23:11. | |
Uber. Story in the US about people employed in carp production going | :23:12. | :23:24. | |
down. What Mr Trump promised, to keep industries like this employing | :23:25. | :23:33. | |
people. There is a question as to whether the demand is not there. | :23:34. | :23:39. | |
Everyone has their new car. There are some issues there. The | :23:40. | :23:43. | |
workforces down a of percent. Of course the US is supposed to be one | :23:44. | :23:47. | |
of the stronger economies. Couple of warning signs we should all be aware | :23:48. | :23:52. | |
of. If there is a slowdown in the car industry, does that mean we will | :23:53. | :23:55. | |
get the broader slowdown in the consumer sector. A story about the | :23:56. | :24:06. | |
Green Day concert due to take place in Scotland, cancelled at the last | :24:07. | :24:11. | |
minute. A staff turning up to do a 12 hour shift did not get paid. You | :24:12. | :24:16. | |
many reasons. I was lucky enough, many reasons. I was lucky enough, | :24:17. | :24:22. | |
they are touring Europe, I was lucky enough to go to the London gig on | :24:23. | :24:28. | |
Saturday. We might have a photo of that. Team photo. That is a Lions | :24:29. | :24:34. | |
topped . People working at the gig, 200 | :24:35. | :24:46. | |
people not paid for this turning up to do the 12 hour shift. Zero hours | :24:47. | :24:50. | |
contract, the gig was cancelled, they got nothing. A good example of | :24:51. | :24:56. | |
how tough it is if you are on those contracts. What can you do about | :24:57. | :25:02. | |
that? Any legislation? Everybody would love to bring in laws and | :25:03. | :25:06. | |
regulations? You could say there has to be a role if you are there, this | :25:07. | :25:12. | |
was half an hour before the thing was supposed to start, one thing you | :25:13. | :25:16. | |
could say, if you are there X hours beforehand. People would pay for | :25:17. | :25:22. | |
childcare. They have to get there and get back. The workers can | :25:23. | :25:29. | |
dictate the terms of the contract. You can start to turn things around. | :25:30. | :25:36. | |
Let us know what gave you are going to next. All we have time for an | :25:37. | :25:42. | |
business. More business news through the day on the BBC website. | :25:43. | :25:52. | |
We will see a few contrasts in the weather across the UK in the next | :25:53. | :26:00. | |
few days. For many parts of England and Wales it will turn very warm, if | :26:01. | :26:01. |