Browse content similar to 09/08/2017. 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. | :00:07. | :00:17. | |
It was ten years ago - exactly a decade after | :00:18. | :00:19. | |
the credit crunch began - have we really learnt the lessons | :00:20. | :00:22. | |
Live from London, that's our top story on Wednesday, 9th August. | :00:23. | :00:35. | |
Stock Markets are at record highs and personal debt is soaring | :00:36. | :00:38. | |
We will assess what's changed and what hasn't. | :00:39. | :00:47. | |
Also in the programme, Disney's Frozen relationship with Netflix. | :00:48. | :00:50. | |
The media giant says it's going pull all its movies off the streaming | :00:51. | :00:54. | |
And as President Trump threatens North Korea with "fire and fury | :00:55. | :01:01. | |
like the world has never seen", markets and others remain on edge. | :01:02. | :01:06. | |
And we'll be getting the inside track on the controversial business | :01:07. | :01:11. | |
The founder of Nosh Detox will be in the studio with us. | :01:12. | :01:19. | |
And ten years on from the beginning of the credit crunch, | :01:20. | :01:22. | |
we want to hear your memories of the crisis and how | :01:23. | :01:29. | |
Let us know. Use the hashtag BBCBizLive. | :01:30. | :01:40. | |
Get in touch with your memories. I know for us, it was the start of ten | :01:41. | :01:55. | |
long years of covering the stories and the repercussions of it. | :01:56. | :01:58. | |
This week the main stock markets in the US have had another record | :01:59. | :02:01. | |
run and London's FTSE 100 flirted with breaking into record territory. | :02:02. | :02:05. | |
It's a far cry from ten years ago when the global credit crunch began. | :02:06. | :02:10. | |
Ten years ago today - 9th, August 2007 - | :02:11. | :02:16. | |
banks suddenly found that they had billions of dollars in toxic | :02:17. | :02:19. | |
debts that customers couldn't afford to repay. | :02:20. | :02:21. | |
So overnight, they stopped offering loans. | :02:22. | :02:24. | |
The financial crisis that followed cost the British economy over | :02:25. | :02:28. | |
?7 trillion in lost output - that's close to $10 trillion. | :02:29. | :02:31. | |
For the US economy, the cost hit a staggering $22 trillion. | :02:32. | :02:35. | |
So with traders now celebrating a record breaking run | :02:36. | :02:42. | |
on the Dow and other markets, have we really learnt | :02:43. | :02:44. | |
lessons from the mistakes of the financial crisis? | :02:45. | :02:48. | |
On Monday, new figures showed that consumer credit card debt in the US | :02:49. | :02:57. | |
had risen above its previous record, set in 2008, to just | :02:58. | :03:00. | |
In the same month unsecured consumer debt here in the UK | :03:01. | :03:03. | |
topped ?200 billion - that's $260 billion. | :03:04. | :03:08. | |
Again, the previous record was set in 2008. | :03:09. | :03:11. | |
So do the stock markets have it wrong or is this level of debt | :03:12. | :03:15. | |
Ann Pettifor is a Director at Prime Economics and was one | :03:16. | :03:24. | |
of the key voices at the time that said the crisis was coming. | :03:25. | :03:35. | |
Nobody was listening then, were they? No, they thought I was a bit | :03:36. | :03:42. | |
crazy actually. I had some rude comments. I kept being called | :03:43. | :03:52. | |
"Chicken licin" On social media. You saw it coming and you were analysing | :03:53. | :03:55. | |
the levels of debt that countries were exposed to. You weren't looking | :03:56. | :03:59. | |
at sub-prime in particular, were you? No. Just explain what you | :04:00. | :04:03. | |
thought would happen? I was working on the debt of the poorest countries | :04:04. | :04:06. | |
which is really small and I looked up and I looked at the debt of the | :04:07. | :04:11. | |
Anglo-American economies and realised that the overhang of debt | :04:12. | :04:15. | |
massively exceeded the income of those countries and people don't | :04:16. | :04:18. | |
repay their debts by selling their properties. They repay their debt | :04:19. | :04:23. | |
out of income and there wasn't enough income to deal with that. | :04:24. | :04:30. | |
Today, those levels of debt are even higher, global income, GDP is about | :04:31. | :04:36. | |
$77 trillion. Global financial assets are $225 trillion which makes | :04:37. | :04:43. | |
$1 trillion that Ben was talking about in consumer credit tiny in | :04:44. | :04:48. | |
proportion. Our real problem is we have had this mass jiff overhang of | :04:49. | :04:53. | |
debt, but income, which we repay our debt in terms of wages and so on is | :04:54. | :04:57. | |
shrinking. Today, for many of us, debt is very cheap. Interest rates | :04:58. | :05:02. | |
are so low and so actually, it pays to borrow in some senses. Right. Are | :05:03. | :05:07. | |
we in for another nasty shock? I think we are. Central banks have not | :05:08. | :05:12. | |
put up rates almost since the crisis, but they're going to at some | :05:13. | :05:17. | |
point. We don't pay Central Bank rates on our debt. We pay market | :05:18. | :05:21. | |
rates. And if you're running a business and you want an overdraft, | :05:22. | :05:26. | |
you gopbt get 0.25% on your overdraft. You would probably get... | :05:27. | :05:35. | |
Have banks learnt a lot of lessons and make sure that they are not | :05:36. | :05:41. | |
subject to bad debt again? The central authorities have ensured | :05:42. | :05:45. | |
they have more capital to shore up their banks, but mainstream banks | :05:46. | :05:49. | |
are peripheral in terms of the global economy. There is a lot going | :05:50. | :05:52. | |
on in the shadow banking system which we don't know and understand. | :05:53. | :05:57. | |
There is a lot going on in that area within China? Absolutely. There is | :05:58. | :06:01. | |
real concern about the level of debt there, the kind of debt within the | :06:02. | :06:05. | |
banking system in China and what that could mean if they have a | :06:06. | :06:09. | |
financial crisis? China is not a free-market economy. It is run by | :06:10. | :06:13. | |
the Communist Party and it is a top down economy and they do a lot to | :06:14. | :06:17. | |
manage their system. They will bail out their banks and we know that | :06:18. | :06:21. | |
they use capital controls to manage flows and so on and so forth. It is | :06:22. | :06:25. | |
hard to judge whether or not they will be able to manage it, but they | :06:26. | :06:31. | |
are being more proactive in managing in than central banks were before | :06:32. | :06:36. | |
2007-2008. Ann thank you for coming in and sharing your warnings acht | :06:37. | :06:40. | |
the time. So you went from the crazy economist to the one that got it | :06:41. | :06:48. | |
right? Yes. Who had ever heard the word, "Sub-prime" Before 2007? It | :06:49. | :06:53. | |
suddenly entered the dictionary. And quantitative easing. That one as | :06:54. | :06:54. | |
well. Plenty of them. Let's take a look at some of | :06:55. | :06:58. | |
the other stories making the news. The media giant Disney says | :06:59. | :07:02. | |
it will launch its own It will show movies, | :07:03. | :07:04. | |
TV shows and sports and will mean the end of Disney's current | :07:05. | :07:08. | |
distribution deal with Netflix. Some sports will also be removed | :07:09. | :07:11. | |
from its US TV channels. It comes as Disney announced a 9% | :07:12. | :07:14. | |
fall in profits for the three We'll be getting more | :07:15. | :07:17. | |
on this later in the show. The Australian bank accused of more | :07:18. | :07:22. | |
than 50,000 breaches of anti-money laundering laws has | :07:23. | :07:24. | |
admitted its reputation is at risk. It comes as Commonwealth Bank | :07:25. | :07:28. | |
of Australia reported record profits of more than US $7.8 billion | :07:29. | :07:30. | |
for the year to the end of June. The big safety scare in the European | :07:31. | :07:48. | |
egg industry mean Belgium's Parliament will interrupt its summer | :07:49. | :07:51. | |
break for a summer hearing. Ministers will have to answer | :07:52. | :07:54. | |
questions about why the country didn't act faster when it was found | :07:55. | :07:58. | |
that traces of a banned pesticide had been found in eggs which ended | :07:59. | :08:01. | |
up in several other European countries. | :08:02. | :08:04. | |
The United States says it is imposing tariffs on imports | :08:05. | :08:07. | |
It's the first case of its kind since Donald Trump became president | :08:08. | :08:18. | |
and raises fears of a trade war between the world's | :08:19. | :08:21. | |
So Monica Miller is in our Asia Business Hub in Singapore. | :08:22. | :08:27. | |
Monica, really, we're going to have a trade war about foil? Is that the | :08:28. | :08:41. | |
case? Well, yes. The US foil makers lodged a pedestrian tuition. They | :08:42. | :08:47. | |
say the foil makers are subsidised by their own country and they get to | :08:48. | :08:51. | |
sell their product in the US at low prices. The US Commerce Department | :08:52. | :08:54. | |
made a preliminary decision to tax Chinese imports that could range | :08:55. | :08:59. | |
between 16.5% and.81% based on the subsidies that the Chinese | :09:00. | :09:03. | |
Government gives. Now, US data shows that imports of foil from China last | :09:04. | :09:09. | |
year were worth almost $390 million. That's just, this is the first case | :09:10. | :09:14. | |
since President Trump took office and he did make repeated promises on | :09:15. | :09:26. | |
the campaign trail that the US would tighten trade against China to bring | :09:27. | :09:30. | |
back jobs. We will talk more about those. | :09:31. | :09:34. | |
Well, ten years on from the financial crisis, | :09:35. | :09:38. | |
This time those escalating tensions between the | :09:39. | :09:43. | |
That's shaken investors in Asia with markets mostly | :09:44. | :09:47. | |
The falls on US markets continued after President Trump warned | :09:48. | :09:50. | |
North Korea that they would face "fire and fury like the world has | :09:51. | :09:53. | |
never seen", if they continued with their attempts to build | :09:54. | :09:57. | |
a nuclear warhead that's able to hit the western US. | :09:58. | :10:04. | |
That's translated to an open like this across Europe, | :10:05. | :10:06. | |
mirroring that weaker close on Wall Street last night. | :10:07. | :10:09. | |
A raft of earnings of some middle-of-the-road players. | :10:10. | :10:11. | |
We'll talk more about those in a moment. | :10:12. | :10:14. | |
Well, as we've talked about, shares in Disney and Netflix likely | :10:15. | :10:20. | |
Earnings continue with media company 21st Century Fox | :10:21. | :10:28. | |
The Rupert Murdoch-led company will likely report | :10:29. | :10:34. | |
a rise in revenue, helped, of course, by a strong performance | :10:35. | :10:37. | |
Now, the company is also seeing strong growth in its domestic | :10:38. | :10:41. | |
But Fox is likely to be weighed down by its weak box office results. | :10:42. | :10:46. | |
What investors will be looking for is any updates | :10:47. | :10:48. | |
Now you may not recognise the name Mylan, but the drug company came | :10:49. | :10:58. | |
under intense regulatory scrutiny recently over the price of its | :10:59. | :11:01. | |
Now, the company will be reporting earnings, but what investors will be | :11:02. | :11:07. | |
looking for is comments on the falling price | :11:08. | :11:09. | |
Richard Dunbar is Investment Director | :11:10. | :11:20. | |
We want to update you on a story that's developing in France. The | :11:21. | :11:26. | |
mayor is talking about what happened earlier today where a BMW drove into | :11:27. | :11:33. | |
soldiers and the mayor said this is no doubt it was a deliberate act. | :11:34. | :11:37. | |
More detail coming through to us. Reports that this car hit soldiers | :11:38. | :11:42. | |
who were on patrol outside Paris. It says it injured six people. Two of | :11:43. | :11:47. | |
them were seriously injured. The vehicle just drove off after that | :11:48. | :11:50. | |
incident. That took place at 8am this morning. That's 6 o'clock GMT | :11:51. | :11:56. | |
in the northern western suburb of Paris. We'll get much more on that | :11:57. | :11:59. | |
for you and bring it to you here on BBC News. When we hear more, we'll | :12:00. | :12:05. | |
update you. The markets across Europe. They are | :12:06. | :12:10. | |
edging lower. Richard Dunbar is | :12:11. | :12:11. | |
Investment Director I know you were listening to our | :12:12. | :12:19. | |
conversation about the ten year anniversary. Your thoughts on that | :12:20. | :12:23. | |
and the decade we've experienced? Well, I'm hoping it is a quieter day | :12:24. | :12:28. | |
than it was this day ten years. I suppose at that time we didn't fully | :12:29. | :12:32. | |
realise the interconnectness of the financial world. We didn't realise | :12:33. | :12:38. | |
the implications to the borrowing that it had been attached to that | :12:39. | :12:43. | |
interconnectedness and we didn't understand fully some of the | :12:44. | :12:47. | |
sub-prime lending you've touched on and the other lending that had been | :12:48. | :12:52. | |
pursued. The domino-effect was quite phenomenal really. The eurozone debt | :12:53. | :12:56. | |
crisis started. It was just incredible, wasn't it, we couldn't | :12:57. | :13:00. | |
have predicted any of that? It was a freezing of the markets that we | :13:01. | :13:03. | |
thought were broad and deep. The wholesale market were many of the UK | :13:04. | :13:08. | |
and global banks were borrowing, moving away from borrowing from | :13:09. | :13:12. | |
customers to borrowing from the wholesale markets. Investors thought | :13:13. | :13:14. | |
the markets were broad and deep and would always be there, and quickly | :13:15. | :13:21. | |
the markets were turned. It has been about regulation and trying to put | :13:22. | :13:26. | |
right what went wrong there. We talked about the Disney Netflix deal | :13:27. | :13:31. | |
or no deal. Disney going it alone. We will see their shares being | :13:32. | :13:34. | |
volatile as investors try and work out what it means. It is great to | :13:35. | :13:38. | |
have a stand alone service, but then you end up having to subscribe to | :13:39. | :13:41. | |
every one of them? It is interesting. Netflix has been one of | :13:42. | :13:49. | |
the darlings of the US stock market. It has been leading the Nasdaq and | :13:50. | :13:52. | |
tech heavy index up and investors thought it was a one-way bet that it | :13:53. | :13:58. | |
could only get better and better for Netflix, but it is a bump in the | :13:59. | :14:02. | |
road for Netflix. It will be interesting to see how investors | :14:03. | :14:07. | |
react and that model isn't as bullet-proof as some investors | :14:08. | :14:09. | |
initially thought. All right, Richard, thank you very much. He | :14:10. | :14:13. | |
will return a lull bit later in the programme as we unpack some more | :14:14. | :14:16. | |
stories in the news at the moment in business. | :14:17. | :14:17. | |
We will get the inside track on the juicing business. | :14:18. | :14:28. | |
You're with Business Live from BBC News. | :14:29. | :14:36. | |
Global security firm G4S has announced increased revenue | :14:37. | :14:38. | |
and profits in its half yearly report The strong results come | :14:39. | :14:45. | |
despite an ongoing fraud investigation by the Serious Fraud | :14:46. | :14:47. | |
Theo Leggett has been looking through the figures for us. | :14:48. | :14:57. | |
Tell more about the results. They look pretty strong, 7.6% rise in | :14:58. | :15:06. | |
first-half profit compared to last year earned ?128 million from | :15:07. | :15:12. | |
continuing businesses. Important to say continuing, because it is in a | :15:13. | :15:15. | |
restructuring programme and is trying to get rid of some of its | :15:16. | :15:24. | |
subsidiaries. It is a global company and the biggest increase in profits | :15:25. | :15:31. | |
came from the US where it recently negotiated a contract for handling | :15:32. | :15:36. | |
cash with Walmart. That was up almost 19%, so solid results, except | :15:37. | :15:40. | |
in India and the Middle East where the monitor I is a nation and a fall | :15:41. | :15:43. | |
in the all price have taken their toll. The share price, down more | :15:44. | :15:53. | |
than 6%. Investors who have favoured this company, its share price has | :15:54. | :15:56. | |
risen a lot since the start of the year, they are not overwhelmed by | :15:57. | :16:03. | |
the results today. A brief word on the Serious Fraud Office | :16:04. | :16:06. | |
investigation. What does that mean for the business? It has been going | :16:07. | :16:12. | |
on since 2013, about an electronic tagging contract. Allegations G4S | :16:13. | :16:16. | |
was overcharging the government by charging for the tagging people who | :16:17. | :16:22. | |
had left the country, were in jail, or actually dead. That investigation | :16:23. | :16:27. | |
is ongoing. The company acquired a new contract for 25 million, links | :16:28. | :16:38. | |
to tagging earlier this year, the. This is a story you might agree | :16:39. | :16:43. | |
with. It is an anonymous story released to the Daily Telegraph from | :16:44. | :16:46. | |
a cabinet minister who wants to be anonymous. He says that he or she | :16:47. | :16:52. | |
believes stamp duty must be reformed because it is exacerbating the | :16:53. | :16:57. | |
housing crisis. Apparently it does save the rate of house moves is | :16:58. | :17:02. | |
reduced by one third because of the cost of stamp duty, just putting | :17:03. | :17:07. | |
people off from buying or moving up the ladder. It is creating a | :17:08. | :17:12. | |
mismatch in the market. More details on the live page. | :17:13. | :17:17. | |
You're watching Business Live - our top story. | :17:18. | :17:22. | |
Today's the tenth anniversary of the beginning of the credit crisis. | :17:23. | :17:30. | |
Banks are now in better shape of quarrelling is once again hitting | :17:31. | :17:34. | |
record levels, personal debt levels, record highs, and stock markets | :17:35. | :17:38. | |
soaring through new records and we are talking about whether it could | :17:39. | :17:42. | |
be the start another crisis. Thanks for your memories we will | :17:43. | :17:48. | |
talk about those in a few minutes. Let's now talk about the idea of | :17:49. | :17:49. | |
health. The idea of making yourself feel | :17:50. | :17:51. | |
healthier is something most people It can mean anything | :17:52. | :17:53. | |
from eating better to exercise It's such big business | :17:54. | :17:57. | |
that the global wellness economy is now worth $3.7 trillion, | :17:58. | :18:00. | |
according to the US based One business tapping into the trend | :18:01. | :18:02. | |
is London based Nosh Detox which produces freshly made, | :18:03. | :18:11. | |
non-pasteurised juice diets as well as detox | :18:12. | :18:15. | |
and nutritional plans. Geeta Sidhu-Robb is | :18:16. | :18:18. | |
the founder of Nosh Detox. It is nice to see you. Welcome. | :18:19. | :18:29. | |
Before we get into the business itself, how did you start this? I | :18:30. | :18:36. | |
understand you used to be a lawyer. Corporate. Telecoms, tax, really | :18:37. | :18:41. | |
corporate. My first child, I think for many mothers, you get derailed | :18:42. | :18:47. | |
when you have children. My first child was allergic to vaccinations | :18:48. | :18:51. | |
and the second and third he ended up with patches of eczema and then | :18:52. | :18:56. | |
covered in it and when he went into remission with the eczema, he had | :18:57. | :19:00. | |
asthma, said he was either scratching himself and leading every | :19:01. | :19:05. | |
night, or not able to breathe. He spent many days in hospital in his | :19:06. | :19:12. | |
first year which was awful. At the end he got cardiorespiratory arrest | :19:13. | :19:15. | |
and stopped breathing and died in my arms. We ended up in a coma, in | :19:16. | :19:22. | |
intensive care in St Mary's, who were lovely. I sat there looking at | :19:23. | :19:28. | |
this, and I was so young, and he was about this big with tubes everywhere | :19:29. | :19:32. | |
and I thought, never again. There was no medicine, nothing to treat | :19:33. | :19:37. | |
him with. What you treat eczema and asthma? It is supposed to be | :19:38. | :19:46. | |
incurable. I thought nothing would help him. When he finally woke up, I | :19:47. | :19:49. | |
took him out and said, we are never going back. I went searching for | :19:50. | :19:53. | |
alternative ways and I am a lawyer so I know how to read boring | :19:54. | :20:00. | |
information and pull a fact. Have you fixed your son? That is | :20:01. | :20:06. | |
debatable because he is a teenager. He is completely eczema free and | :20:07. | :20:12. | |
100% asthma free. He has not had asthma since I do not know when. | :20:13. | :20:18. | |
That is through what he is eating? 100% what he eats, when and how Pete | :20:19. | :20:24. | |
and the way he approaches nutrition. He is the only child at university | :20:25. | :20:28. | |
who cooks all his meals in the salad! We talked about detox in the | :20:29. | :20:35. | |
introduction. It is a misused word. Detoxes is going cold turkey or | :20:36. | :20:39. | |
needing treatment for alcohol addiction. It has been used by the | :20:40. | :20:46. | |
nutrition industry, everything is detox. Ultimately you are offering | :20:47. | :20:52. | |
healthier eating. I am yelled at a lot but the reason the company came | :20:53. | :20:59. | |
around I wanted to call it Nosh, which is natural and healthy and | :21:00. | :21:07. | |
then had to call it Nosh Detox. We should be looking at what we eat | :21:08. | :21:15. | |
which impacts how we are, we look, wrinkles, skin quality, everything | :21:16. | :21:20. | |
is about what goes in your mouth. Detox has a bad name because of the | :21:21. | :21:24. | |
emotional connotations of alcoholism and things like that. Doctors, | :21:25. | :21:30. | |
scientists, say... How would they know? They do about three hours | :21:31. | :21:35. | |
nutrition in their medical career. There has been research and analysis | :21:36. | :21:39. | |
into this process of detox and many argue it is not, there is no | :21:40. | :21:46. | |
scientific basis to say it is the truth as such in the sense it will | :21:47. | :21:52. | |
cure eczema or asthma. But you are what you eat, it will help you and | :21:53. | :21:56. | |
make you healthier, perhaps, do you see what I mean? Many people look at | :21:57. | :22:02. | |
you and think you are making a massive industry and profit out of | :22:03. | :22:06. | |
something that is not necessarily realistic. It is such a shame | :22:07. | :22:12. | |
because what happens is I do not have the big budget to fight a | :22:13. | :22:16. | |
pharmaceutical company who will say it is scientifically proven to work | :22:17. | :22:21. | |
like this. If you drink a bottle of vodka... It is academics... If we | :22:22. | :22:27. | |
spent more time eating better and living better, we would spend less | :22:28. | :22:32. | |
time using up NHS resources. We should look at a diet and the way we | :22:33. | :22:36. | |
eat and live long before we go anywhere near a doctor. I look at | :22:37. | :22:42. | |
people who look really tired, they are grey and obese and nobody is | :22:43. | :22:47. | |
saying what you eat doesn't matter. I think most people would agree you | :22:48. | :22:53. | |
are what you eat and what you eat is important. What would be the | :22:54. | :22:56. | |
argument against it? I think they are saying you do not replace one | :22:57. | :23:01. | |
with the other. I think we do much. We should eat less. But we are | :23:02. | :23:07. | |
talking about medicine and eating. I say wellness and illness are | :23:08. | :23:11. | |
different things. There is a huge category of wellness way before you | :23:12. | :23:17. | |
get sick. ! And asthma, supposedly incurable but if you support the | :23:18. | :23:22. | |
body's natural process, what will happen is you would get so much | :23:23. | :23:28. | |
better and understand what to do about illness. We look at businesses | :23:29. | :23:32. | |
and I know celebrity endorsement is important because that will get you | :23:33. | :23:37. | |
headlines and get people to notice. Are we gullible? We see a celebrity | :23:38. | :23:45. | |
uses this, but if you look at the peer review and evidence, we get | :23:46. | :23:51. | |
blindsided by the celebrity. We are careful because around 24% of my | :23:52. | :23:56. | |
business is global household names that I make everybody pay, because | :23:57. | :24:00. | |
it is how we earn a living so we cannot talk about who is on the | :24:01. | :24:05. | |
database. Celebrities are obligated to look amazing and functioning. | :24:06. | :24:11. | |
Filming is hard work, starting at 4am and going to ten o'clock and you | :24:12. | :24:17. | |
cannot afford to get sick. Celebrities look for the newest and | :24:18. | :24:21. | |
most effective ways to look good and feel good and that is why we should | :24:22. | :24:25. | |
follow them, not just because they are a celebrity. When did a | :24:26. | :24:29. | |
celebrity last look tired and horrible? We know this because on | :24:30. | :24:37. | |
social media and anywhere, they will look beautiful, photographs, great | :24:38. | :24:41. | |
make-up. You meet them in person and they look amazing. They look amazing | :24:42. | :24:47. | |
all the time. I don't know, we get a lot of celebrities. It depends how | :24:48. | :24:51. | |
and when you meet them. My programme at 5am, they go to make up. How | :24:52. | :24:57. | |
accessible is what you are finding and providing in the marketplace to | :24:58. | :25:02. | |
those who really need it, the mum who has the child that has bad | :25:03. | :25:07. | |
eczema, and cannot afford what you are supplying. I am aware of that | :25:08. | :25:11. | |
because I have been a single mother and my business was set up to feed | :25:12. | :25:17. | |
my children, because there is a ten year gap between learning and | :25:18. | :25:22. | |
applying. We give away so much free information, free books, recipes and | :25:23. | :25:29. | |
ideas, everything. It is committed to helping people, Nosh Detox, not | :25:30. | :25:33. | |
just because you pay us. Really nice to see you. So much to talk about | :25:34. | :25:38. | |
that time is tight. A very good discussion. We can throw | :25:39. | :25:42. | |
out some of the memories. People getting in touch about the | :25:43. | :25:49. | |
global crisis. Matthew said he graduated after the crash and big | :25:50. | :25:54. | |
problems for employment. Pamela said she was made redundant and went back | :25:55. | :25:57. | |
to study and is happy in a new career so a good ending for Pamela. | :25:58. | :25:59. | |
Goodbye. Good morning, it is a wet start | :26:00. | :26:13. | |
across many parts of | :26:14. | :26:14. |