14/11/2017

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0:00:00 > 0:00:00during his trip to Asia.

0:00:00 > 0:00:04But the devil may be in the detail.

0:00:04 > 0:00:05Live from London, that's our top story

0:00:05 > 0:00:15on Tuesday the 14th November.

0:00:23 > 0:00:33President Trump says he's open for free and fair

0:00:33 > 0:00:36international trade but Asian leaders

0:00:36 > 0:00:39international trade but Asian leaders still have their doubts -

0:00:39 > 0:00:41we get an expert view on just how successful the mammoth

0:00:41 > 0:00:43Trump tour of Asia was.

0:00:43 > 0:00:45Also in the programme...Uber and out.

0:00:45 > 0:00:48Another boss leaves the ride hailing firm, this time in India.

0:00:48 > 0:00:56We'll cross to Mumbai to find out more.

0:00:56 > 0:00:58He's the founder of Easyjet and one of Europe's

0:00:58 > 0:01:01best known businessmen.

0:01:01 > 0:01:05Sir Stelios Haji-Ioannou will be talking us about

0:01:05 > 0:01:08being a trailblazer and why it's important to give back.

0:01:08 > 0:01:11And reports say pets are the latest victim of the UK housing crisis,

0:01:11 > 0:01:13as houses get smaller with little or no outside space.

0:01:13 > 0:01:17So we want to know - do you still find space for your pet?

0:01:17 > 0:01:22Let us know, preferably with pictures of your pets!

0:01:22 > 0:01:32Just use the hashtag #BBCBizLive.

0:01:32 > 0:01:37Hello and welcome to Business Live.

0:01:37 > 0:01:42To get the ball rolling I've already tweeted a picture of my dog in the

0:01:42 > 0:01:48sea so have a look at that. Let's start with the top business story.

0:01:48 > 0:01:50Five countries, nearly two weeks, and billions

0:01:50 > 0:01:55of dollars in deal-making.

0:01:55 > 0:02:02Well that is the line from the White House.

0:02:02 > 0:02:04After all, the President is known to be a deal-maker.

0:02:04 > 0:02:07So much so, in fact, that he's promised a major statement

0:02:07 > 0:02:09on trade before he arrives back in Washington.

0:02:09 > 0:02:10That means the clock is ticking.

0:02:10 > 0:02:14The White House is touting

0:02:14 > 0:02:23the rather whopping figure of $300 billion in deals

0:02:23 > 0:02:24during his trip of Asia.

0:02:24 > 0:02:27The lion's share of that came during his trip

0:02:27 > 0:02:29to China - $250 billion.

0:02:29 > 0:02:32South Korea, Japan, and Vietnam make up the remaining 50-odd billion.

0:02:32 > 0:02:34Mr Trump is still in the Philippines, so we'll

0:02:34 > 0:02:38hold off on that figure.

0:02:38 > 0:02:44An announcement may come. This is business and you have to pay

0:02:44 > 0:02:47attention to the small print.

0:02:47 > 0:02:50So dig a little deeper and you'll see that some of these

0:02:50 > 0:02:52are Memoranda of Understanding - MOUs - so more promises

0:02:53 > 0:02:54of agreements to come.

0:02:54 > 0:02:56Or they're deals that had already been in the works,

0:02:56 > 0:03:00for months or even years.

0:03:00 > 0:03:08All will need official approval.

0:03:08 > 0:03:13Sarah Fowler, from the advisory firm Oxford Analytica is with me.

0:03:13 > 0:03:21Nice to see you. Sally running through the details and the small

0:03:21 > 0:03:26print, there's devil in the detail. President Trump has been tweeting,

0:03:26 > 0:03:31saying lots of meetings and we will turn them into great deals for our

0:03:31 > 0:03:35country, but I wonder if they are really as good as they would have us

0:03:35 > 0:03:41believe.I think there is a lot of relief nothing disastrous has been

0:03:41 > 0:03:46tweeted but equally disappointment because a lot of that 300 billion,

0:03:46 > 0:03:51some of it is not guaranteed. For example I think there's an 80

0:03:51 > 0:03:54billion shale gas deal that is subject to a lot of nonbinding

0:03:54 > 0:04:01clauses. There's also a feeling some of the deals were already agreed,

0:04:01 > 0:04:07they just waited to announce them on the big stage, as it were. I think

0:04:07 > 0:04:13the 38 billion Boeing deal for China buying US aircraft, a lot of that

0:04:13 > 0:04:17was in the plans.I think a lot of the focus for President Trump has

0:04:17 > 0:04:21been the trade deficit that he sees the US having with Asian countries

0:04:21 > 0:04:26and that has been a motivating factor for him to try to rebalance

0:04:26 > 0:04:31that trade relationship.His tone in this trip has been slightly more

0:04:31 > 0:04:36conciliatory. Previously during his campaign and early months in office,

0:04:36 > 0:04:42he blamed other countries for the deficit. This trip, he has shifted

0:04:42 > 0:04:47his stance a little bit and he's blaming previous US administrations

0:04:47 > 0:04:51for lowering barriers and not insisting that other countries

0:04:51 > 0:04:59reciprocated. But actually good service is only one part of the deal

0:04:59 > 0:05:05because the US runs a big services surplus with many of the Asian

0:05:05 > 0:05:08countries and actually because the Asian domestic markets are largely

0:05:08 > 0:05:15growing faster than the US, in many cases to war three times,

0:05:15 > 0:05:19maintaining a good economic relationship between the two is

0:05:19 > 0:05:29actually really important. Overriding the tendency to attack on

0:05:29 > 0:05:32trade is the importance of maintaining good relations for both

0:05:32 > 0:05:40sides.We have heard so much from President Trump and he has blamed

0:05:40 > 0:05:45other administrations for the trade deals, things he's tried to get out

0:05:45 > 0:05:49of, yet you might think those are the things that would help that

0:05:49 > 0:05:52trade relationship. I suppose there are some unofficial ones in place

0:05:52 > 0:06:05already.Trump has been quite positive on this trip about the

0:06:05 > 0:06:07bilateral deals with individual countries, and when he was in Japan

0:06:07 > 0:06:18last week, he and Abe were both quite positive on working towards a

0:06:18 > 0:06:24free trade deal. When he was in South Korea the tone was also quite

0:06:24 > 0:06:27conciliatory in terms of renegotiating, talking about the

0:06:27 > 0:06:37career free trade deal. -- Korea. He has been less supportive on the

0:06:37 > 0:06:44multilateralism. The US taking less of global governance may give China

0:06:44 > 0:06:48more impetus in that area to take more global responsibility, which is

0:06:48 > 0:06:54also bringing the rest of the world together for more cooperation,

0:06:54 > 0:06:58climate change, less protectionism against each other. We may also see

0:06:58 > 0:07:09with the rest of Asia TBP ex-US is also on the cards.It is pretty

0:07:09 > 0:07:14complicated but thank you for explaining it.

0:07:14 > 0:07:17Let's take a look at some of the other stories making the news.

0:07:17 > 0:07:20Credit Suisse has agreed to pay a settlement of $135 million

0:07:20 > 0:07:22after regulators in New York found its foreign exchange unit

0:07:23 > 0:07:24was involved in unlawful conduct.

0:07:24 > 0:07:26It's the latest settlement to emerge from a global investigation

0:07:26 > 0:07:27into foreign currency markets.

0:07:27 > 0:07:31Credit Suisse said it was pleased "to put this matter behind it".

0:07:31 > 0:07:33Goldman Sachs has written off the value of its stake

0:07:33 > 0:07:35in the Weinstein Company after claims from

0:07:35 > 0:07:45more than 50 women.

0:07:51 > 0:07:52that ex-chairman Harvey Weinstein

0:07:52 > 0:07:53sexually harassed or assaulted them.

0:07:53 > 0:07:56Weinstein has denied the claims but the firm is seeking fresh

0:07:56 > 0:07:58funding after a number of investors severed links.

0:07:58 > 0:08:00Shares in toymaker Mattel - which owns Barbie -

0:08:00 > 0:08:02jumped 20% after reports that rival Hasbro could be

0:08:02 > 0:08:03considering a takeover.

0:08:03 > 0:08:06Hasbro, the owner of Play Doh and My Little Pony, were also up.

0:08:06 > 0:08:09Last month, shares in both companies fell on concerns that the bankruptcy

0:08:09 > 0:08:11of Toys R Us could hurt sales.

0:08:11 > 0:08:14Let's head to India, where Uber's chief of policy for the country

0:08:14 > 0:08:18and South Asia has quit.

0:08:18 > 0:08:23It's the latest high-level departure at the ride-hailing firm.

0:08:23 > 0:08:24Our correspondent Yogita Limaye is in

0:08:24 > 0:08:29Mumbai with the details.

0:08:29 > 0:08:33We have had a confirmation from both the company as well as the executive

0:08:33 > 0:08:39about the exit. Neither has given a reason but eyebrows have been raised

0:08:39 > 0:08:44because she has only been in the job about a year. She was mainly there

0:08:44 > 0:08:54to liaise with the Government, and policymakers in South Asia. This

0:08:54 > 0:09:00follows a slew of Uber exits around the world, the head of London Uber

0:09:00 > 0:09:07as well, and in India, which is its most important market after the US,

0:09:07 > 0:09:11Uber also faces stiff competition from its domestic rival. But it

0:09:11 > 0:09:16seems to have been a mixed bag of all week for the company. It also

0:09:16 > 0:09:21put out a statement yesterday saying it had agreed with a consortium led

0:09:21 > 0:09:26by Softbank about a potential investment in the country. We've

0:09:26 > 0:09:30also had a statement from Softbank today which confirms they are

0:09:30 > 0:09:34considering this investment but they do say no deal has been reached so

0:09:34 > 0:09:39far and if the price is not good enough for them they could pull out.

0:09:39 > 0:09:44Basically Uber saying they could in the coming months have an investment

0:09:44 > 0:09:59from Softbank.OK, we will keep an eye on that. So people at top

0:09:59 > 0:10:02level at Uber going, but at the same time Uber doing deals. The markets

0:10:02 > 0:10:05are down, profit-taking going on to a certain extent in Asia. Looking at

0:10:05 > 0:10:09Europe, for the UK in general very much on inflation watch, we will

0:10:09 > 0:10:15have the numbers at 9:30am this morning but we have had good

0:10:15 > 0:10:20readings from Vodafone, better than expected. Tesco shares up, they have

0:10:20 > 0:10:25a deal to take over Booker.

0:10:25 > 0:10:27And Samira Hussain has the details about what's ahead

0:10:27 > 0:10:29on Wall Street Today.

0:10:29 > 0:10:37The biggest high-profile hedge fund investors will reveal their

0:10:37 > 0:10:45third-quarter purchases and sales of such closely watched stocks like

0:10:45 > 0:10:48Apple and Amazon .com. Other than being a fascinating snapshot of how

0:10:48 > 0:10:55they invest, they will also reveal market trends including the stocks

0:10:55 > 0:11:06at the beginning of the second half of the year. The number one home

0:11:06 > 0:11:14improvement chain, home Depot, is expected to have benefited from a

0:11:14 > 0:11:16demand for home essentials and restoration equipment during the

0:11:16 > 0:11:21aftermath of powerful hurricanes that tore through the country during

0:11:21 > 0:11:22the quarter.

0:11:22 > 0:11:26Joining us is George Godber from Polar Capital.

0:11:27 > 0:11:31Let's talk about inflation because we get the latest update in the UK

0:11:31 > 0:11:34today and we have seen it rising consistently, what are you looking

0:11:34 > 0:11:41for?I think all eyes will be on the weakness in sterling which will

0:11:41 > 0:11:44trigger the governor of the Bank of England having to write to the

0:11:44 > 0:11:51Chancellor to explain why it is there but he would say it is

0:11:51 > 0:11:56temporary and it would be moderated as we go forward.How much impact do

0:11:56 > 0:12:00you think a rate rise would half? It takes time to filter through to the

0:12:00 > 0:12:05economy but it's only a quarter percentage rise so does it have an

0:12:05 > 0:12:14impact on the inflation figure?This is the line in the bank is taking.

0:12:14 > 0:12:18UK output is tricky and uncertain at the moment so the bank is pushing

0:12:18 > 0:12:23the line, this is one and done, we don't need to do any more from here

0:12:23 > 0:12:29and they were just taking off the emergency cut after the Brexit vote

0:12:29 > 0:12:34last year. But after inflation is out of the bag, can you push it back

0:12:34 > 0:12:41in?In terms of the story is out today, you were talking about ITV

0:12:41 > 0:12:46earlier, you were particularly interested in that one, why is that?

0:12:46 > 0:12:54The shares have been very tough in the wake of the Brexit vote, it has

0:12:54 > 0:12:58exposed the UK economy. Most of its earnings come from here and we have

0:12:58 > 0:13:02seen an important line in that statement which is important for all

0:13:02 > 0:13:10traditional media, fast moving consumer goods starting to put money

0:13:10 > 0:13:13back onto TV. They have been shifting their advertising dollars

0:13:13 > 0:13:19from traditional sources to Facebook and Google and so on. Earlier in the

0:13:19 > 0:13:28year there was a big furore when we saw advertisements alongside adult

0:13:28 > 0:13:36content on YouTube. The internet is unregulated and we are starting to

0:13:36 > 0:13:41see brand importance is muttering to the big advertisers.So our future

0:13:41 > 0:13:45is safe for now! We are still waiting for the robots,

0:13:45 > 0:13:51aren't we?

0:13:51 > 0:13:54Still to come, the founder of Easyjet has been talking to us

0:13:54 > 0:13:56about being a business trailblazer and why he's turning his

0:13:57 > 0:13:58hand to philanthropy.

0:13:58 > 0:14:00You're with Business Live from BBC News.

0:14:00 > 0:14:16Stay with us. Let's talk some more about ITV.

0:14:16 > 0:14:18ITV has announced a 1% fall

0:14:18 > 0:14:20in revenue to around $2.7 billion for the nine months

0:14:20 > 0:14:23to 30th September.

0:14:23 > 0:14:28The ale has the details. Just explain what these figures show, and

0:14:28 > 0:14:34clearly what state the broadcaster is in when Carolyn McCall starts.

0:14:34 > 0:14:40There are two sides to this. ITV has been coming under a fair amount of

0:14:40 > 0:14:51pressure in its business. The problem as ITV sees it is first of

0:14:51 > 0:14:55all its competitive market. As we are hearing, there's a lot of

0:14:55 > 0:14:58competition for advertising revenues at the moment and at the same time

0:14:58 > 0:15:04companies have been cutting back on advertising spending, as ITV it,

0:15:04 > 0:15:09because of economical uncertainty. There are signs those fast-moving

0:15:09 > 0:15:14consumer companies are starting to come back into the market, that's a

0:15:14 > 0:15:23positive development. ITV's business and producing content, ITV studios

0:15:23 > 0:15:27that produces things like Coronation Street, is doing very well, its

0:15:27 > 0:15:32revenues were up 9% and that is offsetting some of the losses in the

0:15:32 > 0:15:37traditional business so as you can see, the traditional advertising

0:15:37 > 0:15:40from television model that ITV has pursued is weakening at the moment.

0:15:40 > 0:15:47On demand television is where it seems to be making its money at the

0:15:47 > 0:15:52moment.

0:15:52 > 0:15:56Caroline McCall a regular on our business programme. She was in

0:15:56 > 0:16:01charge of Guardian Media Group. Interesting that she is going to

0:16:01 > 0:16:07take this on board in the New Year? She is known for taking businesses

0:16:07 > 0:16:11on that operate under tight margins and the obvious one is easyJet. The

0:16:11 > 0:16:15budget airline market is a particularly difficult one to

0:16:15 > 0:16:19navigate so she will be looking at this and seeing where the weaknesses

0:16:19 > 0:16:23are and how she can sort it out, while not reducing the improved

0:16:23 > 0:16:26income from the other areas of the business.Theo, thank you very much

0:16:26 > 0:16:29indeed. Lots more detail on that story and others on our Business

0:16:29 > 0:16:38Live page. We will have full coverage, of

0:16:38 > 0:16:42course from the inflation figure.

0:16:45 > 0:16:47You're watching Business Live. Our top story:

0:16:47 > 0:16:50President Trump announces $300 billion worth of deals

0:16:50 > 0:16:53during his trip to Asia.

0:16:53 > 0:16:58He's also stressed his commitment to free trade on fair terms.

0:16:58 > 0:17:04Keep your pictures coming in of your pets.

0:17:04 > 0:17:08We are talking about whether houses are too small in the UK to have a

0:17:08 > 0:17:14pet. A report suggests they are being squeezed out during the

0:17:14 > 0:17:17housing crisis.

0:17:17 > 0:17:19Our next guest is best known as the man behind budget airline

0:17:19 > 0:17:22Easyjet and the Easy brand that spans planes, hotels,

0:17:22 > 0:17:31pizzas even dog walking.

0:17:31 > 0:17:33He once said, "I have been lucky in life", having inherited

0:17:33 > 0:17:35wealth from his father, a self-made Greek-Cypriot

0:17:35 > 0:17:38shipping magnate.

0:17:38 > 0:17:40Sir Stelios founded the Easyjet airline when he was just 28 years

0:17:40 > 0:17:43old but since then he has amassed considerable fortune.

0:17:43 > 0:17:47This year he joined the ranks of super-rich philanthropists,

0:17:47 > 0:17:49signing up to the Giving Pledge dedicating the bulk of his

0:17:49 > 0:17:51personal wealth to charity.

0:17:51 > 0:17:53He is also behind an annual award for disabled entrepreneurs

0:17:53 > 0:17:55which takes place tonight here in London.

0:17:55 > 0:17:58I caught up with him and started by asking about the awards

0:17:58 > 0:18:05and why he is involved.

0:18:05 > 0:18:10At that time I wanted to create a bit of an institution, a bit of a

0:18:10 > 0:18:14legacy if you like. So we sat is down together with the people from

0:18:14 > 0:18:18Leonard Cheshire and created a annual award that goes to a disabled

0:18:18 > 0:18:22person who started a business. Can you imagine how rare that is?

0:18:22 > 0:18:28Starting a business that does well is difficult enough, and you

0:18:28 > 0:18:31superimpose the requirement to be a disabled person and then you get

0:18:31 > 0:18:36some truly exceptional and unique individuals who apply.So clearly,

0:18:36 > 0:18:39Finnan tra pee is a very important part of who you are now and what you

0:18:39 > 0:18:44are about and you are part of the Giving Pledge which is a pledge to

0:18:44 > 0:18:50give the majority of your wealth away. Just tell us more about that

0:18:50 > 0:18:56and what you look for?The Giving Pledge was started by Bill and me

0:18:56 > 0:19:03Linda Gates and warren buffet in 2010. It now accounts about 160

0:19:03 > 0:19:08individuals or families around the world who have made a pledge to give

0:19:08 > 0:19:11more than half the majority, the majority of their fortune to a good

0:19:11 > 0:19:19cause. Essentially what I have decided to do is start a series of

0:19:19 > 0:19:22projects, good charitable projects which I'm involved with during my

0:19:22 > 0:19:27lifetime and then in the end, you live half -- leave half your estate

0:19:27 > 0:19:30to family, and half the estate to a charitable foundation and that

0:19:30 > 0:19:34foundation will carry on doing the good work forever.You tell us about

0:19:34 > 0:19:38the passion to give back and yet many might look at you and the fact

0:19:38 > 0:19:43that you are a resident of Monaco, a tax haven, how do you marry the two?

0:19:43 > 0:19:48Well, let's put things into prospective. I was born and raised

0:19:48 > 0:19:54in Athens in Greece. My family comes from Cyprus. My later father was a

0:19:54 > 0:19:59shipping magnet who left Greece and moved to Monaco in 1990, that's 27

0:19:59 > 0:20:02years ago and that's five years before I started easyJet or before

0:20:02 > 0:20:06any of you would have heard of me. So Monaco has been a family home if

0:20:06 > 0:20:11you like for many, many years, it's a very nice place to live. I also

0:20:11 > 0:20:15believe that, you know, I have done more than my fair share for the

0:20:15 > 0:20:18British economy. I created at least one very big business in this

0:20:18 > 0:20:24country. I created many others, this company has paid tax in the UK and I

0:20:24 > 0:20:30think where someone lives is a personal choice.So you own Easy

0:20:30 > 0:20:35Group which is an investment company in the UK that has more than 1,000

0:20:35 > 0:20:44registered trademarks, some we have heard of course, easyJet, Easy

0:20:44 > 0:20:48Hotel, Easy bus, what do you look for when a company approaches you

0:20:48 > 0:20:52looking for the Easy trademark?I look for someone who is ambitious

0:20:52 > 0:20:56and clever and know enough about business to be able to start it, but

0:20:56 > 0:21:00probably they are young enough not to know how much risk they are

0:21:00 > 0:21:04taking, a bit like myself when I started easyJet at the age of 28. I

0:21:04 > 0:21:07think 28 is a good year because you don't understand how much risk

0:21:07 > 0:21:12you're taking.Let's talk about easyJet, the most well-known Easy

0:21:12 > 0:21:20brand as it were. It has got a new boss in place. Just tell us about

0:21:20 > 0:21:27the outlook for the airline under his new stewardship?I would like

0:21:27 > 0:21:34him to do well. I want to do good out of his making the money out of

0:21:34 > 0:21:39the company and for himself so I wish him very well. I think the

0:21:39 > 0:21:45company easyJet has had its ups and downs like most companies. At the

0:21:45 > 0:21:49risk of offending the all the people who run big businesses I think they

0:21:49 > 0:21:52are like politicians in the sense that they ride the cycles and the

0:21:52 > 0:21:55cycles go up and down with the economy or with how much risk you

0:21:55 > 0:22:00want to take or other factors in your industry. So, in reality they

0:22:00 > 0:22:04are not, they shouldn't be taking all the credit when things are going

0:22:04 > 0:22:07well and we shouldn't blame them when things are going down. EasyJet

0:22:07 > 0:22:12at the moment is if you like not as profitable as it was three years

0:22:12 > 0:22:17ago, but it is growing faster and always the excuse is let's grow

0:22:17 > 0:22:22faster and let's get through to the other end stronger.That was Stelios

0:22:22 > 0:22:27who I spoke to yesterday. Really fascinating chat about all sorts and

0:22:27 > 0:22:36we gave you four minutes worth there!Did you talk about pets?

0:22:36 > 0:22:41There is an Easy dog walking company. Somebody approached him on

0:22:41 > 0:22:45a flight with their business plan and he said send me the information

0:22:45 > 0:22:53and if it is good enough, you can have the Easy brand. A-report talks

0:22:53 > 0:22:58about houses getting smaller so it means that pets are squeezed out.

0:22:58 > 0:23:09Sally, you were tweeting the picture of your dog.Where is that?That's

0:23:09 > 0:23:18Hastings.One viewer says I live in a one bed flat.Steve Smith says,

0:23:18 > 0:23:23"My dog Sky is big and we live happily in a cottage in Wiltshire."

0:23:23 > 0:23:30That's a beautiful, beautiful dog. And Sookie and Sadie are watching

0:23:30 > 0:23:35the show and controlling the remote control!So they should!Maybe this

0:23:35 > 0:23:39is the answer, get a dog that's small and then it doesn't take up

0:23:39 > 0:23:44any space in the house! There you go. Let's talk to George.

0:23:44 > 0:23:51George you have got the job of explaining why we have got lots of

0:23:51 > 0:23:55beautiful pictures.Those of us in the UK we are pet mad, but pet

0:23:55 > 0:23:58ownership has fallen and what the report says this is a function of

0:23:58 > 0:24:02the housing crisis and housing has got smaller, but importantly, less

0:24:02 > 0:24:07outside space. The ability for people to keep pets.Mental health,

0:24:07 > 0:24:11you know, it's not just about having pets, but having that outside space

0:24:11 > 0:24:14as well for people's mental health? The report touched on a few things.

0:24:14 > 0:24:19One of the things I thought was most curious, it says pets can help their

0:24:19 > 0:24:23owners get dates! I don't know if that's in addition to their profile

0:24:23 > 0:24:31on social media or whether it is like 101 Dalmatians, it is the pet

0:24:31 > 0:24:36that's driving the dating process. Pets have huge benefits of having

0:24:36 > 0:24:39people feel better and recover from illnesses and just improve their

0:24:39 > 0:24:44general purpose.Let's look at some other stories out there in the

0:24:44 > 0:24:48Independent, UK wages, you have moved on from it actually Ben.There

0:24:48 > 0:24:57is too many adverts on the page. Let me remove the page. UK wages...Go

0:24:57 > 0:25:02on, tell us more.The UK wage crisis still continues. There are pockets

0:25:02 > 0:25:04where we are starting to see improvement and parts of

0:25:04 > 0:25:07construction and some parts of engineering, but it is sluggish and

0:25:07 > 0:25:11this is what we are also seeing is not just the wages have gone up with

0:25:11 > 0:25:13the national Living Wage, but differentials, either bits above

0:25:13 > 0:25:18that is where it is still very, very tough. Now, the Brexit will harm the

0:25:18 > 0:25:22UK economy, but will this actually, you know, help the UK economy by

0:25:22 > 0:25:25having less workers come in? That could be light at the end of the

0:25:25 > 0:25:30tunnel.Thanks, George. Thank you for putting up with all our pet

0:25:30 > 0:25:33pictures. Thank you for your company. Keep them coming in. We

0:25:33 > 0:25:43will look at them later. See you soon. Bye-bye.