Browse content similar to 24/08/2017. Check below for episodes and series from the same categories and more!
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Hello, this is Business Live from the BBC with Jimmy Robertson and Ben | :00:09. | :00:16. | |
Thompson. Top talks or hot air? The world central bankers gather in | :00:17. | :00:22. | |
Wyoming for their annual meeting, will the talks deliver any insight | :00:23. | :00:26. | |
into the global economy. That is our top story on Thursday, the 24th of | :00:27. | :00:28. | |
August. Will today's talks deliver any real | :00:29. | :00:48. | |
progress in boosting the global economy? We will have the details on | :00:49. | :00:54. | |
where, what why and who and if this matters? And wonder no more. China's | :00:55. | :01:00. | |
global entertainment giant goes deeper into the red. We'll explain | :01:01. | :01:06. | |
why. It's been a week of ups and downs for global markets. We will | :01:07. | :01:09. | |
have an expert view on why any of this matters for all of us. And also | :01:10. | :01:16. | |
coming up... This maybe little cheesy, but the interview will be | :01:17. | :01:20. | |
great. We will get the inside track on growing demand for British | :01:21. | :01:28. | |
cheese. Who writes these scripts? We want to know, what would you do if | :01:29. | :01:34. | |
you won the Powerball. Let us know using the hashtag at BBC bids live. | :01:35. | :01:44. | |
I know who writes these scripts, Jamie, it's the people laughing | :01:45. | :01:51. | |
uncontrollably in our ears, Chris, Adrian and Jenny this morning! Good | :01:52. | :01:57. | |
morning to you all. Jackson hole, Wyoming, population 9000 is normally | :01:58. | :02:04. | |
known for its trout fishing, but today it hosts something different. | :02:05. | :02:07. | |
The annual general meeting of central bankers from more than 40 | :02:08. | :02:11. | |
countries. The top billing goes to the host, US Fed chief Janet Yellen. | :02:12. | :02:16. | |
What will investors be listening out for when she speaks? Top of the list | :02:17. | :02:20. | |
will be the US policy on interest rates. There have been three rate | :02:21. | :02:24. | |
rises since December. Markets will be watching to see if she offers any | :02:25. | :02:29. | |
indication on her plans for future risers. She may lay out some plans | :02:30. | :02:34. | |
to share the $4.5 trillion worth of bonds, Betts, to you and me, that | :02:35. | :02:38. | |
the bank acquired as part of its aggressive money printing programme, | :02:39. | :02:43. | |
trying to off-load some of those. Markets will be looking to see what | :02:44. | :02:47. | |
European Central Bank President Mario druggie has to say. He is | :02:48. | :02:51. | |
attending for the first time in three years. -- Mario drag you. | :02:52. | :02:56. | |
There is an expectation that he may say something significant, but don't | :02:57. | :02:59. | |
get your hopes up. The rush by Tel is with me from IMG bank. First, | :03:00. | :03:05. | |
interest rates, are they going to say anything about that? Central | :03:06. | :03:08. | |
bankers will be very careful about the words they use, given how | :03:09. | :03:12. | |
sensitive financial markets have been two recent subtle policy since. | :03:13. | :03:16. | |
There will be a lot of reading between the lines for us and lists | :03:17. | :03:21. | |
to do, but those looking for any major policy announcements... They | :03:22. | :03:26. | |
do it far ahead and give us lots of warning now. I'm not expecting | :03:27. | :03:30. | |
anything major. There will be a lot of prep work, laying the foundations | :03:31. | :03:35. | |
for policy changes. What about the pile of bombs sitting in a vault | :03:36. | :03:39. | |
somewhere... I imagine it's probably not, it is electronic -- pile of | :03:40. | :03:50. | |
bombs. Pile of bonds. Janet Yellen is ready to start the process of | :03:51. | :03:54. | |
shrinking the balance sheet and unwinding some of them are produced | :03:55. | :03:58. | |
by what effect does that have on the market? It hasn't had too much of an | :03:59. | :04:02. | |
effect. One would have expected bond yields to be higher and equity | :04:03. | :04:07. | |
prices to be of a bit. Maybe the perfect storm is coming soon, but | :04:08. | :04:11. | |
maybe not. It will be so gradual, markets will back their eyelids. | :04:12. | :04:16. | |
There is this issue about asset prices, a really interesting one. No | :04:17. | :04:20. | |
information, prices are not going up, except on the stock market. | :04:21. | :04:24. | |
Property prices are going up, everywhere else, no inflation. What | :04:25. | :04:28. | |
does the Fed do in a situation like that? Central banks have been | :04:29. | :04:31. | |
talking about the distributional effects of duty and how their | :04:32. | :04:35. | |
policies are not set up to do that. We will be hearing about that -- of | :04:36. | :04:41. | |
Q is. It is the short-term interest rates that have put up the prices | :04:42. | :04:45. | |
begin at everybody has or money and they are all on the stock market. | :04:46. | :04:51. | |
Partly, but there two views within the Fed. No interest rates are here | :04:52. | :04:56. | |
to state. One other question on regulation -- low interest rates. | :04:57. | :05:00. | |
There is a lot of talk in the White House about getting regulation of | :05:01. | :05:03. | |
banks. Will the central bankers have anything to say about that? This | :05:04. | :05:07. | |
meeting will be about fostering global economy. Central bankers will | :05:08. | :05:13. | |
reiterate the need for regulation to safeguard future growth. I think | :05:14. | :05:18. | |
that will be the message. I like it on that camera four, it looks like | :05:19. | :05:22. | |
Janet is that at the desk with us! Let's take a look at some of the | :05:23. | :05:27. | |
other stories. Uber said it took bookings worth $8.7 million, up 7% | :05:28. | :05:37. | |
on last year. The total number of bookings was up 150%. But it is | :05:38. | :05:41. | |
still losing money, but that figure is falling every quarter. The | :05:42. | :05:45. | |
results, after an unprecedented series of scandals that have | :05:46. | :05:51. | |
engulfed the company in 2017. People searching for, quote, depression, | :05:52. | :05:54. | |
and Dougal, will soon be prompted to take a questionnaire to assess if | :05:55. | :05:58. | |
they may be suffering from the illness. The search giant has | :05:59. | :06:02. | |
partnered with the US national lines on mental illness to roll out the | :06:03. | :06:06. | |
project, although it is currently only for US users. The UK food | :06:07. | :06:10. | |
industry has warmed but the post-Brexit Labour shortage could | :06:11. | :06:15. | |
leave a third of businesses and viable. The food and drink | :06:16. | :06:20. | |
Federation said the sector faces a rapidly approaching workforce | :06:21. | :06:23. | |
shortage and skills gap. Nearly half of all of the businesses it survey | :06:24. | :06:28. | |
said that EU nationals working in the UK were considering leaving. | :06:29. | :06:31. | |
We're going to talk about that as well with our inside track get a | :06:32. | :06:35. | |
little later, he will is suffering from exactly that. Stay tuned for a | :06:36. | :06:40. | |
discussion about what that means for the labour force here in the UK | :06:41. | :06:45. | |
after Brexit. Away from the UK, though, shares in a Chinese hotel | :06:46. | :06:49. | |
group plunged today after a disappointing result. Tell us about | :06:50. | :06:58. | |
the story? Well, that's right, it is the Hong Kong unit of a huge Chinese | :06:59. | :07:03. | |
development. It has fallen as much as 11% after reporting a first half | :07:04. | :07:08. | |
loss of $30 million, although it has since recovered somewhat. It is down | :07:09. | :07:14. | |
7.5% right now. It blamed its losses on smaller gains in investment | :07:15. | :07:17. | |
properties and the impact of exchange rates on the company sale | :07:18. | :07:21. | |
of a project in Madrid. The sale of this project was called the | :07:22. | :07:27. | |
wonderment or development, for 272 million euros, it losses skyrocketed | :07:28. | :07:36. | |
more than 700% from one year ago. We know the Chinese firm has been in | :07:37. | :07:39. | |
the news quite a lot recently. It walked away from a planter by | :07:40. | :07:41. | |
London's nine Elm Square just recently. -- from a plan to buy. It | :07:42. | :07:45. | |
would buy $1 billion of assets for one. 'S -- for Wonda's projects. Of | :07:46. | :07:58. | |
course, the first half profits cannot possibly be helpful. Bearing | :07:59. | :08:04. | |
mind that the Hang Seng, when the stock trade was shut yesterday | :08:05. | :08:08. | |
because of a hugely devastating typhoon. Thanks very much. More on | :08:09. | :08:16. | |
that a little later, but interesting times as far as the business is | :08:17. | :08:21. | |
concerned. Let's talk about shares. Tokyo stocks are down again on the | :08:22. | :08:25. | |
back of the strong yen. Worries over President Trump is my's remarks over | :08:26. | :08:32. | |
Nafta and Mexico. It has been a weird week is for us markets are | :08:33. | :08:38. | |
concerned. Down on Monday, by Tuesday, flat yesterday. We have had | :08:39. | :08:43. | |
earnings this week, but there is more uncertainty. No sign that | :08:44. | :08:46. | |
progress has been made any time soon. President Trump threatening to | :08:47. | :08:49. | |
shut down the US government. We will talk more about that in a moment. | :08:50. | :08:54. | |
Also Nafta, the North American Free Trade Agreement. We will discuss | :08:55. | :08:58. | |
that can get. I want to show you Europe, it is a slightly different | :08:59. | :09:02. | |
picture. Although there was not much to get excited about from this | :09:03. | :09:10. | |
speech from the of the European Central Bank. He was beating | :09:11. | :09:12. | |
yesterday, and he is expected to speak at that conference as we have | :09:13. | :09:15. | |
discussed. Here in the UK, we get the second reading of the | :09:16. | :09:17. | |
second-quarter GDP, the first one just a few weeks ago, up 0.3%. | :09:18. | :09:21. | |
Today's figure is seen as a more complete data, so we may get a big | :09:22. | :09:26. | |
update, but don't expect any big changes. That 3% figure came as a | :09:27. | :09:30. | |
bit of a surprise because unemployment is still falling in the | :09:31. | :09:32. | |
UK and yet it hasn't really changed much for the wide economy just yet. | :09:33. | :09:37. | |
More on all of that injustice item. Michelle has her assessment of the | :09:38. | :09:38. | |
day ahead on Wall Street. The world's top central bankers meet | :09:39. | :09:50. | |
and we will get results from Tiffany is. They will be following speeches | :09:51. | :09:54. | |
from Janet Yellen as well as the side of the European Central Bank. | :09:55. | :09:59. | |
They will be looking for any clues on monetary policy. Meanwhile, there | :10:00. | :10:05. | |
is plenty to worry the markets. Trump's threat to shut down the | :10:06. | :10:09. | |
government shook investors, this is the risk of America defaulting on | :10:10. | :10:14. | |
its debts looms on the horizon. US Treasury Secretary Steven Mnuchin | :10:15. | :10:16. | |
has said the government won't be able to pay all of its bills after | :10:17. | :10:22. | |
September 29 and last the debt ceiling is raised. That is the limit | :10:23. | :10:28. | |
on the amount the government can borrow. Credit ratings agency Fitch | :10:29. | :10:33. | |
has warned that America's triple-A rating was at risk if the debt | :10:34. | :10:36. | |
ceiling isn't raised in eight timely manner. Joining us is chief market | :10:37. | :10:44. | |
analyst at CMC markets. This is extraordinary, give me my wall or I | :10:45. | :10:47. | |
am going to close down the government. It seems to be upsetting | :10:48. | :10:51. | |
the markets and it is making waves. Are you worried? I think he was | :10:52. | :10:55. | |
talking to his support base, but with President Trump you have to | :10:56. | :10:58. | |
understand that what you see is what you get. He came to power on the | :10:59. | :11:02. | |
basis that he wanted to build this war, however ridiculous it may | :11:03. | :11:05. | |
sound, and we have been here before with the US and the debt ceiling. We | :11:06. | :11:11. | |
were here in 2011 and 2013. The question is, how far is President | :11:12. | :11:15. | |
Trump going to push this? The Republicans have control of both | :11:16. | :11:21. | |
Houses. This is manageable, unlike 2011 and 2013 when President Obama | :11:22. | :11:25. | |
was president. But President Trump is under pressure at the moment from | :11:26. | :11:29. | |
all sides, not only Democrats, but Republicans. There is a concern. He | :11:30. | :11:32. | |
did it may suggest that maybe the what the US government needs is a | :11:33. | :11:38. | |
government shutdown. Maybe he would do it. What does a shutdown look | :11:39. | :11:42. | |
like? What would it mean? It basically means that all | :11:43. | :11:46. | |
government-sponsored activities get suspended. Basically, government | :11:47. | :11:49. | |
staff don't get paid. There is some way around it. They can potentially | :11:50. | :11:55. | |
extend or defer certain operations. But ultimately it's not a good look | :11:56. | :11:59. | |
for the world's number one economy, if you're not playing your stuff or | :12:00. | :12:03. | |
you are laying off. On a temporary basis. -- if you are not paying your | :12:04. | :12:09. | |
staff. WPP, the big advertising company, saying it is worried about, | :12:10. | :12:14. | |
basically consumer spending or consumer appetite for advertising | :12:15. | :12:18. | |
seems to have dampened down. Figures we have just had out this morning | :12:19. | :12:24. | |
from the UK about Dixons cough on, it has a warning about profits. -- | :12:25. | :12:30. | |
Dixons cough on. You can read more on the BBC website. These things | :12:31. | :12:35. | |
drawing together a bit about consumer confidence, consumer | :12:36. | :12:38. | |
spending. They do a little bit. With Dixons, consumers are holding off | :12:39. | :12:41. | |
from upgrading their new friends. When you look at the prices of these | :12:42. | :12:47. | |
new phones that are coming out this year, it's a lot of money -- | :12:48. | :12:51. | |
upgrading their phones. The shape of the advertising market is changing | :12:52. | :12:56. | |
as well. Part of that is the way we consume advertising, Google, pay per | :12:57. | :13:00. | |
click, Amazon, Facebook, the way that advertising is pushed and we | :13:01. | :13:04. | |
consume it is different. On television and streaming, nobody | :13:05. | :13:11. | |
watches TV now with outbreaks. -- with outbreaks. Advertisers are | :13:12. | :13:14. | |
having to adapt to a changing digital, you know, road map if you | :13:15. | :13:19. | |
like. There is a concern about a wage squeeze, consumer squeeze. | :13:20. | :13:25. | |
Obviously, WPP and Dixons' resolve this morning could be reflective of | :13:26. | :13:28. | |
the timing and part of consumers, not just here in the UK but | :13:29. | :13:32. | |
globally. Michael, stick around, because we will be talking to you | :13:33. | :13:36. | |
later about the newspapers and what is going on in the world of print | :13:37. | :13:40. | |
media. Thank you. Still to come... It maybe a little cheesy... We've | :13:41. | :13:45. | |
said this one already! LAUGHTER | :13:46. | :13:48. | |
It's worth saying again, because the interview will be great. We're going | :13:49. | :13:52. | |
to get the inside track on the growing demand for British cheese, | :13:53. | :13:56. | |
especially in the United States, when it usually comes out of a tube. | :13:57. | :14:00. | |
There is nothing worse than repeating jokes! You with Business | :14:01. | :14:01. | |
Live from BBC News. We're being told off for not writing | :14:02. | :14:12. | |
our own jokes! Don't you worry, we've got some of the bike up our | :14:13. | :14:16. | |
sleeves. The number of cars built in the UK last month rose by 80%, that | :14:17. | :14:22. | |
according to the Society of motor Manufacturers and traders. But the | :14:23. | :14:26. | |
number of cars made in the UK in the last seven months of the year fell | :14:27. | :14:36. | |
16% to about 1 million. -- 1.6%. Sean, the numbers seem to be better | :14:37. | :14:40. | |
this month, why have we got this rise? Yellow morning, both. The | :14:41. | :14:44. | |
reason they have gone up in July is a few reasons. One is that we have | :14:45. | :14:49. | |
got those new registrations coming in in September. That generally | :14:50. | :14:52. | |
means there is a bit of a bump this time of year anyway. Compared to | :14:53. | :14:56. | |
last year, you have got to be careful comparing July and August | :14:57. | :14:59. | |
because you get various factory shutdowns and there has been more | :15:00. | :15:09. | |
investment in July this year than last making things look rosier. The | :15:10. | :15:11. | |
general trend for the year and expectations from the industry is | :15:12. | :15:14. | |
that in the UK we will be making fewer cars and selling a lot fewer | :15:15. | :15:16. | |
as well, which is really crucial. The selling issue is important, you | :15:17. | :15:19. | |
touched on the exports, for out of five cars made on the UK sold | :15:20. | :15:24. | |
overseas. That is where the demand has been coming from, traditionally. | :15:25. | :15:28. | |
It has. The demand in the UK, I like a good pun, it has been fuelled by | :15:29. | :15:33. | |
the car finance loan industry. The Bank of England said 85% of all new | :15:34. | :15:40. | |
car purchases in the UK are driven by car finance deals. That was a pun | :15:41. | :15:44. | |
I didn't mean, by the way! That is a bit of a concern for them, but not | :15:45. | :15:47. | |
for the industry. They say it is regulated and they are happy with it | :15:48. | :15:51. | |
as it stands, but it will be won to watch as we see any potential | :15:52. | :15:55. | |
interest rate rises in the future, loans become more expensive, what | :15:56. | :16:01. | |
will happen to car sales in the UK? Sean, before you go, favourite | :16:02. | :16:05. | |
cheese? I'm a simple Cheddar man. Stay watching, we will talk about | :16:06. | :16:07. | |
that next. More fallout from the story about | :16:08. | :16:18. | |
carphone warehouse, who have had a profit warning. They are also saying | :16:19. | :16:24. | |
that the mobile handset market may not recover this year. The chief | :16:25. | :16:27. | |
executive said: We have seen an increased number people hold onto | :16:28. | :16:32. | |
their phones for longer. While it is too early to say whether the trend | :16:33. | :16:38. | |
will be reversed, we believe it is prudent to plan on the basis that | :16:39. | :16:42. | |
overall demand will not correct itself. | :16:43. | :16:52. | |
You're watching Business Life. Our top story: Those central bankers who | :16:53. | :17:01. | |
are meeting in the United States. They will talk about all sorts of | :17:02. | :17:08. | |
things - inflation, interest rates. All the challenges for the global | :17:09. | :17:11. | |
economy. The big question is, will it make any difference or is it just | :17:12. | :17:16. | |
a jolly meeting? Lets see how the markets have | :17:17. | :17:19. | |
started in Europe. Looking reasonably healthy, despite that | :17:20. | :17:22. | |
fall at Dixons. The pound against the dollar at | :17:23. | :17:42. | |
?1.28. When should you go on a cheese diet? | :17:43. | :17:49. | |
When you need to Cheddar a few pounds! Cheese sales are up. Britain | :17:50. | :17:54. | |
is moving ahead as a cheese exporting nation. We sold $687.2 | :17:55. | :18:01. | |
million worth of the stuff last year. We produce 435,000 tonnes of | :18:02. | :18:10. | |
cheese in the last year. The majority of that was Cheddar, by far | :18:11. | :18:17. | |
the most popular British export, particularly to the United States. | :18:18. | :18:23. | |
And not all Cheddar is the same. Most of this is a standard variety, | :18:24. | :18:28. | |
though there are some producers who concentrate on traditional farmhouse | :18:29. | :18:37. | |
cheddar. The king of those cheeses is Cave- mature cheddar. Who knew | :18:38. | :18:41. | |
there were so many fascinating facts about cheese? Mike pulling joins us. | :18:42. | :18:54. | |
It is specialist cheese, isn't it? Yes, farmhouse cheddar. A cave is an | :18:55. | :19:03. | |
ideal situation. You have 100% humidity, 14 Celsius all year round. | :19:04. | :19:10. | |
What does that do to the taste? Cheese always picks up the flavour | :19:11. | :19:15. | |
of what ever is next to it, like an onion in the fridge. If we were to | :19:16. | :19:21. | |
do a blind tasting, could you tell your cheese? In the old days, the | :19:22. | :19:34. | |
graders could tell you which farm it came from. It is a really big | :19:35. | :19:38. | |
business, and we were talking about sales to the United States being | :19:39. | :19:42. | |
particularly strong - who is your competition? When I think of cheese | :19:43. | :19:46. | |
in the United States, either it comes in a rectangle or from a tube. | :19:47. | :19:53. | |
The French, they do a good job in America as well. The Americans like | :19:54. | :20:01. | |
English cheese, but they also like French cheese. Do you have to pay | :20:02. | :20:09. | |
tariffs on your cheese? Yes, it is something about ?1100 at -- 1100 | :20:10. | :20:18. | |
pounds per tonne. We have seen the dollar | :20:19. | :20:27. | |
strengthening in the last 12 months, and that has helped us a lot. So | :20:28. | :20:42. | |
that offsets any problems. If people particularly wanted English cheese, | :20:43. | :20:46. | |
they would buy it. Do we need a free-trade deal with the United | :20:47. | :20:50. | |
States, as far as you are concerned? For us, it has worked as it is. At | :20:51. | :20:56. | |
the moment, it's fine. When we talk about that fall in the Valley of the | :20:57. | :21:04. | |
pound, that makes it cheaper for you both but commodity prices are going | :21:05. | :21:08. | |
up, milk being no exception. Does that mean a big increase in your? In | :21:09. | :21:16. | |
July last year, it was around 20p, and it is 30p this year. So that is | :21:17. | :21:21. | |
the rise in the milk price, which obviously for us, we have to get | :21:22. | :21:26. | |
that out of the market. Another story that has come out today is a | :21:27. | :21:31. | |
survey by the food and drink industry about the supply chain, | :21:32. | :21:35. | |
saying there are something that 30% saying that if they lose EU labour | :21:36. | :21:40. | |
in this country, they will go under and be unviable. Is that true for | :21:41. | :21:45. | |
you? Our EU labour is important to us. Would you go wonder? I hope not! | :21:46. | :21:56. | |
Unviable was the word they used. We employ about 90 people from around | :21:57. | :22:00. | |
the world, mainly from Poland. Fantastic people to work with. We | :22:01. | :22:04. | |
are having a problem getting workers into the factory. Are they leaving? | :22:05. | :22:10. | |
Yes, some of them are giving back to Poland. And how easy is it to get | :22:11. | :22:15. | |
people to replace them? Very difficult. We put adverts in this | :22:16. | :22:20. | |
week. The basic wage will have to rise to get these people. You are | :22:21. | :22:25. | |
putting out adverts but not getting a response? We get a response, but | :22:26. | :22:31. | |
they are the kind of people who don't want to work in a cheese | :22:32. | :22:38. | |
factory. But you find EU labour. I do paying them enough? In the long | :22:39. | :22:43. | |
term, we will have to pay more. Which will push up prices are? Yes, | :22:44. | :22:48. | |
then we have to get that out of the market. We have to go to a broad | :22:49. | :22:52. | |
than the UK to get the price. Thank you for coming in. | :22:53. | :22:58. | |
We will have a look through what is in the business pages in a minute, | :22:59. | :23:02. | |
but here is a reminder of how to stay across all the business news at | :23:03. | :23:03. | |
the BBC. We want to hear from you. Get | :23:04. | :23:22. | |
involved on the BBC Business Like web page. | :23:23. | :23:37. | |
-- Business Live. Michael is back with us to talk | :23:38. | :23:48. | |
about what is happening in the newspapers. This is an interesting | :23:49. | :23:53. | |
story in the FT this morning - more debate and indecision about Heathrow | :23:54. | :23:56. | |
and whether Richard get that extra runway. The Leader of the | :23:57. | :24:01. | |
Opposition, Jeremy Corbyn, expected to vote against the expansion of | :24:02. | :24:07. | |
Heathrow. Why? Pollution, that is the bottom line. That was the | :24:08. | :24:11. | |
concern I had when they voted it through - how do you get under the | :24:12. | :24:18. | |
care quality regulations? The M25 is a car park already, let's face it. | :24:19. | :24:25. | |
What is the difference between West London and South London? It is the | :24:26. | :24:29. | |
density, given the concerns that there are about clean air in the | :24:30. | :24:36. | |
London area, do you want to argue that? We do need more capacity in | :24:37. | :24:40. | |
the south-east, but I don't think it needs to be yet Heathrow. There are | :24:41. | :24:46. | |
good transport links to Gatwick. Ultimately, a decision has to be | :24:47. | :24:49. | |
made and stuck to. We have been having this debate for ten years. I | :24:50. | :24:53. | |
wonder if it will just go won four more years now. I think it will. It | :24:54. | :24:59. | |
seems that the politicians are unable to make a decision unless it | :25:00. | :25:08. | |
is a significant project like HS2. All the while, our foreign rivals, | :25:09. | :25:15. | |
Amsterdam, Dubai, are stealing a lead on Heathrow because of this | :25:16. | :25:20. | |
indecision. We need it more than ever. Specifically now, with Brexit, | :25:21. | :25:26. | |
we need to attract that inward investment. This sort of | :25:27. | :25:29. | |
prevarication basically sends a terrible message to the rest of the | :25:30. | :25:33. | |
world that our politicians can't agree on anything. Thank you very | :25:34. | :25:38. | |
much indeed. And thanks for your messages this | :25:39. | :25:45. | |
morning. And questions about the Powerball, the $750 million. Caleb | :25:46. | :25:55. | |
says: 'S investment and a holiday. Is we will see you soon. Goodbye. | :25:56. | :26:08. | |
A very good morning to you. I'm sure many of you are trying to plan your | :26:09. | :26:14. | |
bank holiday weekend, and the forecast looks mixed - a mixture of | :26:15. | :26:19. | |
sunshine and showers, with the brighter and drier weather in the | :26:20. | :26:23. | |
south, thanks to high | :26:24. | :26:24. |