Browse content similar to 31/07/2017. Check below for episodes and series from the same categories and more!
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This is Business Live from BBC News, with Sally Bundock and Ben Thompson. | :00:07. | :00:09. | |
HSBC splashes the cash on a share buyback as profits soar. | :00:10. | :00:16. | |
Live from London, that's our top story on Monday 31st July. | :00:17. | :00:39. | |
It looks like a towering success across the business but with Brexit | :00:40. | :00:54. | |
on the horizon and change at the top of HSBC can it | :00:55. | :00:57. | |
Apple is criticised for helping China censor the internet after it | :00:58. | :01:02. | |
It says it was just sticking to the rules. | :01:03. | :01:05. | |
We will be live in Shanghai. And we'll be talking to the winners and | :01:06. | :01:13. | |
losers. And who would you trust with your bank account. We will need one | :01:14. | :01:19. | |
London digital bank that promises a new way of managing your money. We | :01:20. | :01:23. | |
ask what would be the one thing you change about the bank you use, | :01:24. | :01:29. | |
cheaper loans, better interest rates, faster service? | :01:30. | :01:34. | |
Good to have you with us. Banking is dominating the programme today, get | :01:35. | :01:48. | |
in touch with your thoughts. We are talking about Europe's biggest bank, | :01:49. | :01:50. | |
HSBC. One of the world's biggest banks, | :01:51. | :01:52. | |
HSBC, has reported its latest set of earnings and if | :01:53. | :01:55. | |
you're a shareholder you are going to be very pleased | :01:56. | :01:57. | |
with what they have to say today. The bank made a pre-tax | :01:58. | :02:15. | |
profit of $5.28 billion in the second quarter of the year - | :02:16. | :02:25. | |
that's more than the $4.6 HSBC announced a share | :02:26. | :02:30. | |
buyback of up to $2 billion as it looks to make the most | :02:31. | :02:41. | |
of its huge cash pile. The move will effectively restrict | :02:42. | :02:44. | |
the supply of shares in the market and should lead | :02:45. | :02:46. | |
to the company's value rising. In the last 12 months | :02:47. | :02:49. | |
the bank has had a good run with its stock price almost doubling | :02:50. | :02:52. | |
in value as you can see here. Peter Hahn is a Professor of Banking | :02:53. | :02:55. | |
at The London Institute So many things to discuss when it | :02:56. | :03:01. | |
comes to things like HSBC. The results are better-than-expected, | :03:02. | :03:02. | |
beating pretty modest expectations. Yes, most banks have delivered a | :03:03. | :03:06. | |
message that they could beat so the banks have generally all exceeded | :03:07. | :03:13. | |
expectations, that is good news. We said managing expectations, didn't | :03:14. | :03:17. | |
they set the bar pretty low? I think they set it pretty low. There's some | :03:18. | :03:25. | |
good news in HSBC 's results. Its business mix is hitting more | :03:26. | :03:29. | |
across-the-board. It was more concentrated on one business before | :03:30. | :03:32. | |
so some of their weaker businesses have come back. The results also | :03:33. | :03:36. | |
show a greater dependence. They were stating that they were going more | :03:37. | :03:41. | |
towards Asia. Asia is more of the real money for Aegis PC. A lot of | :03:42. | :03:47. | |
change underway for the banks, we know it has been cutting costs, it | :03:48. | :03:52. | |
also has to split the retail and the investment is required by changes in | :03:53. | :03:56. | |
regulation. That has cost it quite a lot of money to put into place. Yes, | :03:57. | :04:04. | |
in the UK, in the statement they put out, they spent ?400 million, and | :04:05. | :04:10. | |
they had millions of people involved, when you mention splitting | :04:11. | :04:14. | |
their retail from their corporate business, it's a UK phenomena. I | :04:15. | :04:22. | |
think it is still an integrated bank and other places but the UK has | :04:23. | :04:24. | |
decided to take this route to separate. It solves some issues yet | :04:25. | :04:32. | |
probably creates more than it solves! Also management changes will | :04:33. | :04:35. | |
figure in this over the coming years. We've got some confirmed, | :04:36. | :04:44. | |
some not confirmed. Talk us through it. A new chairman is coming in, | :04:45. | :04:51. | |
Douglas Flint was the finance director before, and new chairman | :04:52. | :04:59. | |
has been named, his experience, significant in Asia, he was in Asian | :05:00. | :05:05. | |
insurance and for a short time had been finance director for HSBC. That | :05:06. | :05:14. | |
is telling about the focus of the bank. The Seoul government is | :05:15. | :05:18. | |
retiring so we'll see a change of chairman and CEO. The real question | :05:19. | :05:24. | |
for HSBC as they tried to determine the next CEO, Wilkie focus more | :05:25. | :05:33. | |
internally -- will he focus more internally or with the focus on | :05:34. | :05:40. | |
Asia, try to develop new business? If we look at many bank statements, | :05:41. | :05:46. | |
HSBC is not different from many. There's a lot of revenue growth in | :05:47. | :05:52. | |
this business, it is about control. Something we will be talking about | :05:53. | :05:56. | |
in future, I am sure, thank you, Peter. HSBC shares in London, one of | :05:57. | :06:05. | |
the leading winners on the FTSE this morning. Let's look at some other | :06:06. | :06:11. | |
stories making the news. The Chancellor, Philip Hammond, | :06:12. | :06:15. | |
suggested that the UK will not cut taxes and regulation after Brexit to | :06:16. | :06:21. | |
try to undercut European rivals. His interview with a French newspaper | :06:22. | :06:25. | |
contradicts what he said with a German newspaper earlier this year. | :06:26. | :06:30. | |
Shopper in the largest economy in the Eurozone, Germany, helped it to | :06:31. | :06:35. | |
see the biggest increase in retail sales last year, month by month | :06:36. | :06:40. | |
those retail sales rose by 1.1% all adding to the positive momentum | :06:41. | :06:43. | |
that's leading to a robust end to the second quarter of the year. | :06:44. | :06:47. | |
Official data from the Chinese government suggests | :06:48. | :06:53. | |
that the country's manufacturing sector, still the backbone | :06:54. | :06:57. | |
It is still growing though, propped up by a government-led | :06:58. | :07:01. | |
infrastructure push that's keeping construction humming | :07:02. | :07:02. | |
and propping up the world's second-largest economy. | :07:03. | :07:08. | |
Let's stay in China because Apple has been criticised after removing | :07:09. | :07:15. | |
some software from its app store in China that allows users to get | :07:16. | :07:19. | |
around tough restrictions on Internet access. The change comes | :07:20. | :07:23. | |
after the Chinese government announced a crackdown on what it | :07:24. | :07:25. | |
calls Virtual Private networks. What is a Virtual Private network, | :07:26. | :07:47. | |
it punches a tunnel from your iPod or your phone and allows you to see | :07:48. | :07:50. | |
what happens on the web. It is crucial in China because the | :07:51. | :07:55. | |
regulatory environment is so tough with so many filters and bands put | :07:56. | :07:59. | |
in place by the government on what you can see so if you want to look | :08:00. | :08:07. | |
at Gmail or Facebook you need a VPN. The government announced tougher | :08:08. | :08:11. | |
restrictions will come in next year so VPN providers will need licenses. | :08:12. | :08:17. | |
Apple which sells most VPN Dexter in China has moved quickly to remove | :08:18. | :08:23. | |
the VPN apps that don't have a license ready. Tim Cook, the CEO of | :08:24. | :08:28. | |
Apple, says he wants to continue to grow and invest in China. Apple gets | :08:29. | :08:36. | |
50 billion US dollars from China so China is very important to it. | :08:37. | :08:41. | |
Speaking to the rules it seems even more important. Interesting to see | :08:42. | :08:47. | |
how these relationships develop. Thank you, Robin. | :08:48. | :08:51. | |
A quick look at how markets are faring. | :08:52. | :08:57. | |
This is the Dow Jones on Friday. In general we have teams which we will | :08:58. | :09:04. | |
discuss in detail in a moment, if we look at the European markets, we | :09:05. | :09:11. | |
have commodities in general edging up, mining stocks are doing well and | :09:12. | :09:15. | |
so our energy stocks and that will boost the FTSE 100. A lot of those | :09:16. | :09:20. | |
are listed in London. Also among the winners HSBC. Rolls-Royce is the | :09:21. | :09:25. | |
biggest loser on the FTSE 100 today, coming up with their results | :09:26. | :09:28. | |
tomorrow. Let's keep an eye on them. We'll talk about their results | :09:29. | :09:32. | |
tomorrow. Heineken saw their sales rising in the first half by almost | :09:33. | :09:36. | |
6% so a lot of earnings coming through, we'll try to keep you up | :09:37. | :09:39. | |
with all of that, now looking ahead to | :09:40. | :09:54. | |
Wall Street with Michelle. Stocks are trading near record highs, will | :09:55. | :09:57. | |
the corporate earnings this week help to keep prices aloft? We are | :09:58. | :09:59. | |
more than halfway through reporting season, good results so far, | :10:00. | :10:01. | |
companies listed on track to increase earnings by more than 10%. | :10:02. | :10:03. | |
There's also some positive economic data last week pointing to faster | :10:04. | :10:06. | |
growth in the second quarter. Which names should we look forward to | :10:07. | :10:10. | |
keeping the momentum going this week? Perhaps the biggest is Apple, | :10:11. | :10:15. | |
which reports on Tuesday. The tech giant is expected to turn in a rise | :10:16. | :10:19. | |
in revenue for the third quarter thanks to stronger sales of its | :10:20. | :10:23. | |
iPhone seven and seven plus smartphone. Apple often releases its | :10:24. | :10:28. | |
latest iPhone in September but this year there has been speculation that | :10:29. | :10:34. | |
it might be until October. So investors will be looking for more | :10:35. | :10:36. | |
guidance from the company on this issue. Tesla, Pfizer and Craft of | :10:37. | :10:42. | |
the other companies do to turn in report cards this week. | :10:43. | :10:52. | |
Joining us is Lawrence Gosling, editor-in-chief of Investment Week. | :10:53. | :10:58. | |
I'm interested in the parent company of Snapchat,. Senior executives said | :10:59. | :11:07. | |
they would not sell any shares in the company floated on the US market | :11:08. | :11:10. | |
but now they can. How much stock do they sell if any. We had a rise in | :11:11. | :11:16. | |
the snap price when it floated and now it's drifting back down. Looking | :11:17. | :11:20. | |
like one of those classics were everyone asks, how do they make | :11:21. | :11:25. | |
money. This is when we seek a look at its true value, who is selling it | :11:26. | :11:29. | |
and who is buying, who is investing. It's kind of an artificial period. | :11:30. | :11:35. | |
When executives sell its a good indicator of how much they believe | :11:36. | :11:40. | |
in the future, so normally people like to take some money off the | :11:41. | :11:43. | |
table to pay their mortgages or school fees, I suspect we will not | :11:44. | :11:47. | |
see as much as we might if the price was higher. The oil price is heading | :11:48. | :11:53. | |
up the game, various issues on the market. Sanctions against Russia | :11:54. | :12:00. | |
announced by the US. And political unrest in Venezuela. Valenzuela has | :12:01. | :12:04. | |
the most oil in the world, more than Saudi Arabia. -- Venezuela. We | :12:05. | :12:09. | |
talked about Chinese growth figures, they are probably slightly better | :12:10. | :12:13. | |
than people thought, and the spending on infrastructure shows | :12:14. | :12:18. | |
more demand for oil. This is about supply and demand, demand is | :12:19. | :12:22. | |
slightly higher and supply slightly tighter. Opec keeping a close eye | :12:23. | :12:26. | |
because they are figuring out how to get used to the new normal. Trying | :12:27. | :12:32. | |
to keep an almost artificial price of $50 on the price of a barrel of | :12:33. | :12:36. | |
oil, it could go lower if all the supply came into the market. We love | :12:37. | :12:42. | |
giving them fancy names to make them more exciting, Thursday is Super | :12:43. | :12:48. | |
Thursday! It's a big Bank of England meeting. I'm not sure why it is | :12:49. | :12:53. | |
super, it is a quiet Thursday in August! The focus will be on whether | :12:54. | :12:59. | |
there will be an interest rate rise. Three economists out of 80 expected | :13:00. | :13:03. | |
a rise. Probably not that super by the time we get to lunchtime! Damp | :13:04. | :13:10. | |
is good Thursday! What is the one thing you would change about your | :13:11. | :13:15. | |
bank if you could. I went temporarily overdrawn through paying | :13:16. | :13:19. | |
some direct debits, I would like them to tell me that, because the | :13:20. | :13:23. | |
end of the month cash flow issue we get, get paid on one day and direct | :13:24. | :13:27. | |
debits go out a couple of days before, your banks know when your | :13:28. | :13:30. | |
money is coming in so if they could signal it and give you a couple of | :13:31. | :13:34. | |
days grace without charging the full's interest I would be very | :13:35. | :13:40. | |
happy. Good suggestion. Good to see you, Lawrence. | :13:41. | :13:43. | |
But would you trust Apple, Google and Facebook | :13:44. | :13:57. | |
Or do you rely on the age-old institutions? | :13:58. | :13:59. | |
You're with Business Live from BBC News. | :14:00. | :14:10. | |
In the UK, the Financial Conduct Authority has said | :14:11. | :14:22. | |
unauthorised overdrafts may be regulated. | :14:23. | :14:24. | |
It said charges for the overdraft were complex | :14:25. | :14:26. | |
and hard for customers to understand. | :14:27. | :14:27. | |
Theo Leggett is in our business newsroom | :14:28. | :14:34. | |
Theo, talk is through this. They might ban unauthorised overdrafts, | :14:35. | :14:42. | |
these can be very costly. In fact according to the FSA they can be | :14:43. | :14:45. | |
more costly than payday loans which are already regulated because they | :14:46. | :14:48. | |
were proving to be too expensive. Today they have said about | :14:49. | :14:53. | |
unauthorised overdrafts, "Based on the evidence we have to date, we | :14:54. | :14:57. | |
believe there is a case to consider the fundamental form of an arranged | :14:58. | :15:01. | |
overdrafts and whether they should have a place in any modern banking | :15:02. | :15:05. | |
market. We have significant doubts about whether any and arranged | :15:06. | :15:09. | |
overdrafts in their current form can continue in a well functioning | :15:10. | :15:13. | |
market." That leaves two options which can be consulted on, | :15:14. | :15:16. | |
potentially banning them or tightening the rules considerably. | :15:17. | :15:23. | |
What did they say of payday loans? Remember they've been capped for the | :15:24. | :15:27. | |
last two is because they were generating headlines about sky-high | :15:28. | :15:32. | |
interest rates trapping people in a vicious cycle of payday borrowing | :15:33. | :15:35. | |
we'll had to borrow one month to make it to the end of the month and | :15:36. | :15:39. | |
there was a lot of interest charges loaded onto next month you had to | :15:40. | :15:43. | |
borrow more and so on. Well, nowadays, they are capped so that | :15:44. | :15:47. | |
the total in terms of fees and interest charges you can end up | :15:48. | :15:51. | |
paying is equal to the value of the loan so you never pay more than the | :15:52. | :15:55. | |
value of the original loan plus that again. They say that this cap is | :15:56. | :16:02. | |
working. The FSA says the 760,000 borrowers are saving a total of ?150 | :16:03. | :16:07. | |
million a year. Firms are less likely to lend to customers who | :16:08. | :16:10. | |
can't afford to repay. They will keep the cap in place until 2020 and | :16:11. | :16:16. | |
review it again. Thank you, Theo. More about that on our Business Live | :16:17. | :16:20. | |
page. Sales are down at Trinity Mirror. It | :16:21. | :16:32. | |
is a familiar tale. Pre-tax profits were down 11%. It is advertising | :16:33. | :16:40. | |
that's the problem for the print organisations. | :16:41. | :16:48. | |
You're watching Business Live. Our top story: | :16:49. | :16:54. | |
Shares in HSBC are up significantly in London on the news, it has seen a | :16:55. | :17:01. | |
big rise in profits in the second quarter and it has announced a about | :17:02. | :17:07. | |
billion share buy back. HSBC is boosting the FTSE 100. A | :17:08. | :17:12. | |
similar picture across Europe. Interesting times ahead. We were | :17:13. | :17:16. | |
discussing with Lawrence earlier about potential discussions of | :17:17. | :17:19. | |
interest rate rises and whether we will get one in the UK on Thursday. | :17:20. | :17:23. | |
The chances are it's not going to happen again. | :17:24. | :17:34. | |
Let's discuss the bank account you have got or the bank account you use | :17:35. | :17:37. | |
to do your money matters. When is the last time | :17:38. | :17:39. | |
you changed your bank account? Chances are you're still with | :17:40. | :17:41. | |
the same one you've had for years. And chances are it's one | :17:42. | :17:44. | |
of the big old institutions. So, the lack of competition | :17:45. | :17:46. | |
amongst banks has forced the government in | :17:47. | :17:53. | |
the UK into action. In 2015, UK authorities | :17:54. | :17:54. | |
launched an investigation It found that the four biggest banks | :17:55. | :17:56. | |
dominated the market with over It means few of us bother | :17:57. | :18:00. | |
to switch to a rival bank. A new breed of so-called challenger | :18:01. | :18:09. | |
banks have emerged as a result of the investigation, | :18:10. | :18:12. | |
many of these don't have high-street branches, | :18:13. | :18:14. | |
but use call centres Earlier this year it | :18:15. | :18:17. | |
received its full banking license meaning that it can now offer | :18:18. | :18:23. | |
conventional current accounts. Tom Blomfield is the Chief | :18:24. | :18:25. | |
Executive of Monzo Bank. Good morning Tom. Good morning. So | :18:26. | :18:35. | |
much to talk about when it comes to the changes in banking. It's | :18:36. | :18:38. | |
something we talked about before, but that idea of just shaking up the | :18:39. | :18:45. | |
entire market. We're reliant on the big old institutions that have | :18:46. | :18:47. | |
headquarters in the city and branches on the high street and | :18:48. | :18:51. | |
you're doing it differently? We are an app only smartphone bank. We | :18:52. | :18:56. | |
offer current accounts via an iPhone app or an android app. It strikes me | :18:57. | :19:00. | |
that you have got to be tech savvy to do that? It started out really | :19:01. | :19:07. | |
very focussed. 31-year-old males in Shoreditch. It has broadened out... | :19:08. | :19:16. | |
You're describing Ben. I don't live in Shoreditch. Most tend to be 20 | :19:17. | :19:23. | |
and 40. We talk about the shape up in banking and there is some big | :19:24. | :19:27. | |
changes on the way. It is called open banking, it is part of the EU | :19:28. | :19:30. | |
directive that would allow the information that we have at our | :19:31. | :19:33. | |
banks to be freed up. So, actually, there may come a day and we said | :19:34. | :19:36. | |
this earlier, that the likes of Apple or Facebook or Google could | :19:37. | :19:41. | |
create an app that encompasses all our bank accounts so we don't have | :19:42. | :19:44. | |
to go into each individual one and that could be a big shift? That's | :19:45. | :19:48. | |
right. So in January of next year, this piece of regulation called PSD | :19:49. | :19:57. | |
2, it requires any bank offering a payment account to open up the data. | :19:58. | :20:02. | |
It is a message that says look, this data in your bank accounts could be | :20:03. | :20:06. | |
very, very valuable, but the banks are sitting on it and not doing | :20:07. | :20:11. | |
anything. It forces them to make that data available to their | :20:12. | :20:15. | |
customers. If you were a customer of HSBC or Barclays and you want to | :20:16. | :20:19. | |
take that data and share it with a third party, you will be able to do | :20:20. | :20:24. | |
so from January of next year. There is the need out there, the desire | :20:25. | :20:29. | |
for change. But given what happened in 2008, and you know the collapse | :20:30. | :20:35. | |
of Lehman Brothers and the run on the bank at Northern Rock, the fear | :20:36. | :20:40. | |
factor kicked in and suddenly you like the old-fashioned bank that's | :20:41. | :20:42. | |
been there for hundreds of years because you believe it will get | :20:43. | :20:45. | |
bailed out by governments if things go wrong and your savings will be | :20:46. | :20:51. | |
OK. But Monzo Bank maybe not? Well, the changes that were introduced as | :20:52. | :20:54. | |
a result of those two big to fail banks RBS and Lloyds, which cost the | :20:55. | :20:59. | |
taxpayer tens of billions of pounds in bail outs. The Government | :21:00. | :21:03. | |
responded by saying actually we want more banks with more competition so | :21:04. | :21:07. | |
if one or two fail, that's OK. That's a sign of a well functioning | :21:08. | :21:11. | |
market and the way we will protect consumers is the Financial Services | :21:12. | :21:16. | |
Compensation Scheme. So your deposits are guaranteed up to | :21:17. | :21:20. | |
?85,000. That's the hassle though. It is easier if you're bailed out by | :21:21. | :21:24. | |
the Government and your savings is not touched? I'm not sure as an | :21:25. | :21:30. | |
economy we can afford another ?47 billion bail out. I'm not suggesting | :21:31. | :21:35. | |
we go that way. We talked a lot about the UK and clearly with Europe | :21:36. | :21:41. | |
PDS 2 will change how we bank. What plans elsewhere? Is this being | :21:42. | :21:46. | |
repeated around the world or is it a European issue? It is very much | :21:47. | :21:50. | |
European for now. The FSA and the Bank of England are leading the | :21:51. | :21:53. | |
world, I think, in terms of pushing innovation and regulation to try and | :21:54. | :21:58. | |
drive competition and ultimately improvout comes for customers, so we | :21:59. | :22:01. | |
are at the fore front, but other countries will follow. Tom, it is | :22:02. | :22:04. | |
really nice to see you. Thank you for coming in. Best of luck. Keep us | :22:05. | :22:16. | |
posted. Ask Here is a tip from one of the | :22:17. | :22:20. | |
Chief Executives that we have been grilling. | :22:21. | :22:23. | |
Sukhinder Singh is the head of the Whisky Exchange, | :22:24. | :22:25. | |
one of the UK's largest online retailers of spirits and wines. | :22:26. | :22:28. | |
There can be nothing better than taking your | :22:29. | :22:31. | |
hobby or your interest and turning it into a business. | :22:32. | :22:45. | |
My brother and myself we grew up in the business | :22:46. | :22:49. | |
just surrounded by these interesting coloured bottles | :22:50. | :22:51. | |
and spirits and I guess it caught our imagination. | :22:52. | :23:05. | |
When your business is your passion, there is nothing more satisfying | :23:06. | :23:07. | |
than coming into work every day and living and breathing | :23:08. | :23:10. | |
Your staff can see, you know, the passion and the interest in you. | :23:11. | :23:16. | |
You still need an element of business acumen and a | :23:17. | :23:18. | |
You can't let your heart take over your mind. | :23:19. | :23:23. | |
I mean a business at the end of the day is there to make | :23:24. | :23:26. | |
money to, pay the bills, to pay for the staff. | :23:27. | :23:29. | |
We asked you what's the one thing you want to change about your bank? | :23:30. | :23:48. | |
One viewer said lower credit card interest rates. Adam, "Maintenance | :23:49. | :23:54. | |
of internet banking and early closing hours." These are the things | :23:55. | :23:59. | |
that annoy Adam. I have to agree the closing hours, the opening hours, I | :24:00. | :24:07. | |
guess that's a high street bank. Harry, I agree you, as a teenager, | :24:08. | :24:13. | |
watching teens, language to aid financial literacy. I don't know why | :24:14. | :24:17. | |
we don't teach more financial literacy in schools. | :24:18. | :24:20. | |
So the Financial Times, what's going on? MUFG is Japan's biggest bank and | :24:21. | :24:39. | |
it has decided to move its investment banking business, but set | :24:40. | :24:43. | |
up a new base in Amsterdam, it is part of the idea of City | :24:44. | :24:47. | |
institutions relocating out of the city of the London on to the | :24:48. | :24:49. | |
Continent in preparation for Britain leaving the European Union. What's | :24:50. | :24:54. | |
the competition? So Frankfurt, Paris, Amsterdam? The big winner has | :24:55. | :24:59. | |
been Frankfurt and Dublin. They have gone to Frankfurt and Dublin. | :25:00. | :25:03. | |
Luxembourg has done well for fund managers and Lloyds of London | :25:04. | :25:07. | |
surprised people by going to Brussels. Who is going to Berlin? | :25:08. | :25:10. | |
There is one going to Berlin, ush' right. The picture is of dispassion. | :25:11. | :25:16. | |
It is not that Frankfurt is suddenly overtaking the City of London or | :25:17. | :25:19. | |
Paris, some banks are going to Paris. Different companies are | :25:20. | :25:23. | |
choosing different locations, the idea that we were going to have a | :25:24. | :25:27. | |
new financial centre of Europe growing up to replace London doesn't | :25:28. | :25:31. | |
look to be true. How worried is the City of London? We don't know. It is | :25:32. | :25:36. | |
all around all this stuff, we don't know what the final trading | :25:37. | :25:39. | |
relationship between the UK and the EU will be. Once we know that, | :25:40. | :25:43. | |
that's when we will know how worried we have to be. Happy Monday. Enjoy. | :25:44. | :25:47. | |
We're back tomorrow. Are you back tomorrow? Yes. I'm back tomorrow. | :25:48. | :25:50. | |
Tune in. Bye-bye. Good morning. | :25:51. | :26:13. | |
It's the last day of July, but for some summer is temporarily on hold. | :26:14. | :26:20. | |
An unsettled week ahead summed up as sunshine and showers. Warm in | :26:21. | :26:21. |