0:00:00 > 0:00:02This is Business Live from BBC News with Sally Bundock and Ben Thompson.
0:00:03 > 0:00:09A number of uses on the table as we assess Switzerland and the EU
0:00:09 > 0:00:19squaring up over cash.
0:00:27 > 0:00:31Very warm welcome to the programme. We are at the mercy of the robots
0:00:31 > 0:00:36today with a few glitches! Will talk you through what's coming up on
0:00:36 > 0:00:40Business Live. In Switzerland Jean-Claude Juncker will be holding
0:00:40 > 0:00:48talks with the government, that's coming up. Also as well in the
0:00:48 > 0:00:53programme, more Japanese companies seem to be accused of cheating. This
0:00:53 > 0:00:56time Mitsubishi Materials is in the limelight for the wrong reasons. And
0:00:56 > 0:01:00for the markets today it will be quieter with it being the
0:01:00 > 0:01:04Thanksgiving holiday break in the USA. Yet Europe is open and training
0:01:04 > 0:01:08and as you can see the markets are all headed south. And we meet the
0:01:08 > 0:01:13man who revived an iconic brand, the Royal Enfield motorbike, as it
0:01:13 > 0:01:26returns to the UK for the first time since
0:01:28 > 0:01:31the 1950s. We will find out what has driven that decision. And as holiday
0:01:31 > 0:01:33shopping season begins is your budget squeezed, are you planning on
0:01:33 > 0:01:36spending more or less or just cutting back on Christmas. Let us
0:01:36 > 0:01:46no, using our hashtag, #bizlive. A very warm welcome to the programme.
0:01:46 > 0:01:51We live, this is Business Live. I think we have our technical problems
0:01:51 > 0:01:55sorted now so let's begin in Switzerland. European Commission
0:01:55 > 0:01:58President Jean-Claude Juncker will be holding talks very soon with the
0:01:58 > 0:02:05government. About trying to get the strained EU - Swiss relations back
0:02:05 > 0:02:09on track. The talks are being closely watched in the UK not least
0:02:09 > 0:02:13because Switzerland is held up by some as a model for post-Brexit
0:02:13 > 0:02:19Britain. Not in the EU yet enjoying close trade ties all the same. When
0:02:19 > 0:02:25it comes to the issues, the big ones are very familiar. Money. That's one
0:02:25 > 0:02:29of the key issues. The Swiss are due to pay another 1 billion francs,
0:02:29 > 0:02:34that's around 1 billion US dollars to the EU's cohesion fund. That
0:02:34 > 0:02:39supports newer members in Central and Eastern Europe. It is a sticking
0:02:39 > 0:02:43point. Another familiar one. This issue has been on hold since
0:02:43 > 0:02:48February 20 14th when this was narrowly voted, in a referendum, to
0:02:48 > 0:02:54bring back quarters for the number of EU workers that they let in. --
0:02:54 > 0:02:58quotas. Some see this as a test case for Brexit. That can Switzerland get
0:02:58 > 0:03:05the benefits of trade with the EU, that is, access to the single
0:03:05 > 0:03:10market, while still controlling its borders? Many people see it that way
0:03:10 > 0:03:15although not Jean-Claude Juncker. He calls it a Swiss specific situation.
0:03:15 > 0:03:20He said last year any deal reached with Switzerland would not be a
0:03:20 > 0:03:26blueprint for the UK. Ben, overdue. Thank you. Let's speak to image and
0:03:26 > 0:03:37folks who joins us from Burma.
0:03:39 > 0:03:43Imogen we heard this would not be a blueprint for the UK but there are
0:03:43 > 0:03:49similarities.Yes, but some differences as well. We know that
0:03:49 > 0:03:57this was narrowly voted to introduce quotas on EU migrants in 2014. After
0:03:57 > 0:04:02that the EU put Switzerland's bilateral deals, very important to
0:04:02 > 0:04:07the Swiss economy, on hold. Since then the Swiss have found a
0:04:07 > 0:04:11compromise, which would mean introducing quotas only in certain
0:04:11 > 0:04:13sectors and only if unemployment reaches levels that it has not
0:04:13 > 0:04:20reached in Switzerland for decades. So Switzerland 's commitment to free
0:04:20 > 0:04:23movement of people remains unchanged. That is something that
0:04:23 > 0:04:26voters in Britain who wanted Brexit. Want any more. So there's the
0:04:26 > 0:04:34difference. In terms of payment, in 2006, this was, in a referendum,
0:04:34 > 0:04:41voted in favour of 1 billion francs, $1 billion, to the EU, what was then
0:04:41 > 0:04:46the enlargement fund. Now it is the cohesion fund. And it looks as if
0:04:46 > 0:04:50this was government is ready to pay up again to preserve what it sees as
0:04:50 > 0:04:55the most crucial thing for Switzerland and that is the trade.
0:04:55 > 0:05:00More than half its exports go to the EU. It can't have tariffs. And once
0:05:00 > 0:05:07the single market. It doesn't want WTO rules. So differences with
0:05:07 > 0:05:14Britain -- it wants the single market.What is interesting Imogen
0:05:14 > 0:05:18is that very concept, if you want some of the nice things like a
0:05:18 > 0:05:21free-trade area or a customs union and you want to do business with us
0:05:21 > 0:05:27you will have to pay a bit, that's what the Swiss have found.Yes,
0:05:27 > 0:05:31there is a price tag attached. Switzerland contributes to many EU
0:05:31 > 0:05:36programmes. It wants access to things like scientific research,
0:05:36 > 0:05:41creative Europe, which is coming, it wants access to all those things and
0:05:41 > 0:05:47it knows it will have to contribute. It thinks it gets more out in terms
0:05:47 > 0:05:53of its good trade deals with the EU yet there are sticking points. The
0:05:53 > 0:05:58right wing party which proposed the quotas are used this donation of 1
0:05:58 > 0:06:05billion francs to the new EU states is blackmail. There will be problems
0:06:05 > 0:06:09getting it, but ducks as of this was government will promise it to
0:06:09 > 0:06:13Jean-Claude Junker today. Interesting times, thank you, Imogen
0:06:13 > 0:06:19in Burma. No other stories making the news.
0:06:19 > 0:06:21Foxconn, a main supplier for Apple's iPhone, says it has now stopped
0:06:21 > 0:06:24interns from working illegal overtime at its factory in China.
0:06:24 > 0:06:27It comes after a Financial Times report found at least six students
0:06:27 > 0:06:30worked 11-hour days at its iPhone Ten plant in Henan province.
0:06:30 > 0:06:33The US Federal Reserve looks set to raise interest
0:06:33 > 0:06:34rates again next month.
0:06:34 > 0:06:41Minutes of its last meeting showed a majority of committee members
0:06:41 > 0:06:43saw the need for a rise in the "near term".
0:06:43 > 0:06:46That's despite concerns about the weak level of inflation
0:06:46 > 0:06:52which has been below the Fed's 2% target for years.
0:06:52 > 0:06:54The taxi app Uber is now facing investigations in Italy,
0:06:54 > 0:06:59the Netherlands and in the UK.
0:06:59 > 0:07:01Uber failed to disclose a hacking attack last year
0:07:01 > 0:07:04where personal data from 57 million customers and drivers was stolen -
0:07:04 > 0:07:06and that it had then paid-off the hackers.
0:07:06 > 0:07:08The UK regulator has said that the incident
0:07:08 > 0:07:17raises 'huge concerns".
0:07:17 > 0:07:22Now to Asia, there could be more damage to the reputation of Asian
0:07:22 > 0:07:25manufacturing after one company was found to have been falsifying
0:07:25 > 0:07:27quality data figures.
0:07:27 > 0:07:30Today, reports say a division of Mitsubishi Materials has also
0:07:30 > 0:07:31been caught cheating.
0:07:31 > 0:07:38Leisha Santorelli is following the story in Singapore....
0:07:38 > 0:07:46Leisha, an interesting one because just after that scandal, potentially
0:07:46 > 0:07:52Mitsubishi involved in something similar.Exactly Ben. That made in
0:07:52 > 0:07:55Japan label seems to be losing even more of a shine because of this
0:07:55 > 0:08:00scandal. This comes from another famous Japanese name, Mitsubishi,
0:08:00 > 0:08:07and according to a report by Japan's financial daily, a division of the
0:08:07 > 0:08:11company called Mitsubishi Cable Industries has been falsifying
0:08:11 > 0:08:17product data for centuries. The product is plastic seals used by
0:08:17 > 0:08:21hundreds of companies in the aircraft, aerospace and nuclear
0:08:21 > 0:08:27sectors. It is no joke. Mitsubishi has launched an investigation that
0:08:27 > 0:08:32no safety issues have been reported yet. Yet after that quality scandal
0:08:32 > 0:08:37at the steel company as well as with Subaru, which allowed and qualified
0:08:37 > 0:08:41inspectors to sign off on their vehicles, it looks like there's a
0:08:41 > 0:08:46lot of soul-searching going on in Japan as to how they can allow such
0:08:46 > 0:08:51lapses to happen among their ranks. Thank you so much Leisha. We will
0:08:51 > 0:08:55keep an eye on that situation as it develops.
0:08:55 > 0:09:03Let's look at the financial markets. On the one hand and has been quiet
0:09:03 > 0:09:10because Japan has a public holiday today, it had such a stellar day the
0:09:10 > 0:09:17day before and in the final hour of trading dipped dramatically by
0:09:17 > 0:09:26nearly one percentage, in China, it saw quite a big fall in share
0:09:26 > 0:09:30markets in Shanghai mainland China. There is no clear reason why this
0:09:30 > 0:09:34happened but the dollar has been extremely weak, which is not good
0:09:34 > 0:09:42news for many markets trading in Asia. Again for example, you know
0:09:42 > 0:09:49you know what that does. In Europe, no action in Wall Street because of
0:09:49 > 0:09:54the Thanksgiving break. They are all headed lower, we will talk more
0:09:54 > 0:10:05about the markets, it was Budget Day and the UK on Wednesday.
0:10:05 > 0:10:06The Chancellor
0:10:06 > 0:10:09of the Exchequor has been speaking to the BBC this morning -
0:10:09 > 0:10:11again highlighting how Tory plans will help young
0:10:11 > 0:10:13people in particular.
0:10:13 > 0:10:17It is about the future prospects of Britain and the budget has been
0:10:17 > 0:10:21designed to secure Britain's prospects that the feature, to
0:10:21 > 0:10:26assist the next generation, to help them get on the housing ladder, give
0:10:26 > 0:10:29them confidence that they will be the high skilled high-paying jobs
0:10:29 > 0:10:32available for them so they can prosper in the future and we can
0:10:32 > 0:10:38pass on an economy and a nation in good shape to the next generation.
0:10:38 > 0:10:44That was the Chancellor, Philip Hammond, talking about the details
0:10:44 > 0:10:50in his budget yesterday.
0:10:50 > 0:10:53Mike Amey is managing director and portfolio manager at PIMCO.
0:10:53 > 0:10:58What did you make of the budget, some giveaways but some debit
0:10:58 > 0:11:04assessments.Yes, one was an admission that growth will be slower
0:11:04 > 0:11:08than we helped...Slower than anyone helped including the Bank of
0:11:08 > 0:11:14England!The Bank of England has some revisions to do as well, you
0:11:14 > 0:11:18would've expected ten or 15 years ago two and a half would have been a
0:11:18 > 0:11:24normal number. On the other hand the Chancellor is spending some money so
0:11:24 > 0:11:27there's a bit of an increase in spending relative to where we were,
0:11:27 > 0:11:30that is what he was alluding to in that clip about freeing up some of
0:11:30 > 0:11:38the purse strings for spending. Housing was a focus as well
0:11:38 > 0:11:43certainly for first-time buyers. In all of this, until we start building
0:11:43 > 0:11:48more houses, nothing will really change with the housing market.The
0:11:48 > 0:11:51key underlying problem there is if you don't burden of houses relative
0:11:51 > 0:11:54to demand you put pressure on prices. That's the fundamental
0:11:54 > 0:11:59problem. The change is how you unlock that spending. The government
0:11:59 > 0:12:03can make it easier for planning or they can force home builders one
0:12:03 > 0:12:08they've got these so-called land banks to build housing. They are
0:12:08 > 0:12:14trying to build a bit more on encouragement rather than the
0:12:14 > 0:12:18physical spending.Let's talk about the United States, the Federal
0:12:18 > 0:12:21reserve minutes were released, they tell us nothing we don't anticipate
0:12:21 > 0:12:26for December, that is, a rate rise. Quite concerned about the lack of
0:12:26 > 0:12:31inflation in the US. A problem we modern experiencing here.This will
0:12:31 > 0:12:37be the fifth time that the US has raised interest rates. To one point
0:12:37 > 0:12:424%. They have the opposite problem to us. They have slightly higher
0:12:42 > 0:12:47growth, 2% as opposed to our one and a half but they have low inflation,
0:12:47 > 0:12:51and their target is two, the same as ours. They are approaching it
0:12:51 > 0:12:55differently. Raising rates because they can. The Bank of England is
0:12:55 > 0:13:00worried about inflation staying higher so it's a different dynamic.
0:13:00 > 0:13:03The underlying message of this is that we are getting to the point
0:13:03 > 0:13:06where globally interest rates can come of the lowest levels they have
0:13:06 > 0:13:12been.Mike, for the moment, thank you, we'll talk about some of the
0:13:12 > 0:13:15stories in the papers later and the cost of Christmas, many of you
0:13:15 > 0:13:18getting in touch about whether you are cutting back on spending for
0:13:18 > 0:13:22Christmas, we will go through what you say. Keep your messages coming.
0:13:22 > 0:13:27Still to come...
0:13:27 > 0:13:30A revved up homecoming - after a revival in India,
0:13:30 > 0:13:34we meet the man bringing this iconic bike back to Britain.
0:13:34 > 0:13:45You are with Business Live from BBC News.
0:13:49 > 0:13:54Let's talk some more about the budget.
0:13:54 > 0:13:56So as the dust settles on the autumn Budget unveiled
0:13:56 > 0:13:58by the Chancellor yesterday, what are the key points?
0:13:58 > 0:14:05It depends how you die just it. Who will benefit? We saw some of the key
0:14:05 > 0:14:08points -- it depends how you die just it.
0:14:08 > 0:14:10Well, there's the help for first time buyers,
0:14:10 > 0:14:12a big homebuilding programme and extra spending
0:14:12 > 0:14:13on the National Health Service.
0:14:13 > 0:14:15But, the independent forecasting body, the Office
0:14:15 > 0:14:17for Budget Responsibility, says the economy is slowing -
0:14:17 > 0:14:19with growth of just 1.5% this year.
0:14:19 > 0:14:21That's behind most other major economies and is making it harder
0:14:21 > 0:14:28to cut our national debt.
0:14:28 > 0:14:32Richard Jeffrey is Chief Economist at Cazenove Capital Management.
0:14:32 > 0:14:39Nice to see you, Richard.Good morning.What did you make of it?It
0:14:39 > 0:14:42was uninteresting budget. The Chancellor didn't have much room to
0:14:42 > 0:14:46manoeuvre but used the room that he did have reasonably well. Most of
0:14:46 > 0:14:50the attention was grabbed by this downwards revision to the forecast
0:14:50 > 0:14:55for growth and behind productivity. A lot of evidence suggests that
0:14:55 > 0:15:01growth in the economy at the moment is being and recorded, and that
0:15:01 > 0:15:04although not spectacular productivity is slightly better than
0:15:04 > 0:15:09the currently published numbers suggest. Ironically, this might set
0:15:09 > 0:15:13the Chancellor, because I think growth would be a bit stronger than
0:15:13 > 0:15:18the 1.5% that is being projected on average for the next few years. It
0:15:18 > 0:15:23might be one and the quarters, or even 2%. If that's the case he will
0:15:23 > 0:15:27have more room to manoeuvre in future budgets than people currently
0:15:27 > 0:15:31reckon. As I say, there is some reason to suppose this. If we look
0:15:31 > 0:15:36at Labour market data suggesting the economy is much stronger than the
0:15:36 > 0:15:37output numbers are suggesting.
0:15:42 > 0:15:49Richard, good to top you. Thank you for so much for explaining all of
0:15:49 > 0:15:59that.
0:16:01 > 0:16:07There is lots more on the BBC News business live website, including a
0:16:07 > 0:16:12calculator. And there is also a story about Christmas fraud,
0:16:12 > 0:16:16smartphones and clothing, read all the detail, keep informed.
0:16:22 > 0:16:25You're watching Business Live - our top story - Switzerland
0:16:25 > 0:16:28and the EU square up over cash and immigration - as the UK looks
0:16:28 > 0:16:31on for signs of what might be to come in a future post-Brexit
0:16:31 > 0:16:37relationship with the European Union.
0:16:37 > 0:16:42The UK will be watching with great interest. We have been discussing
0:16:42 > 0:16:45with our correspondence that in many ways its payment for access to the
0:16:45 > 0:16:50Common Market, the European market and clearly a lot of questions
0:16:50 > 0:16:51continue over that funding.
0:16:51 > 0:16:53Va va-v-rooom!
0:16:53 > 0:16:55It's been more than a hundred years since the Royal Enfield motorbike
0:16:55 > 0:16:56first revved its engine.
0:16:56 > 0:16:59First made in 1901 - it lays claim to being one
0:16:59 > 0:17:01of the world's oldest motorcycle brands still in production.
0:17:01 > 0:17:04During the first and second world wars it supplied bikes
0:17:04 > 0:17:05to the British forces.
0:17:05 > 0:17:07In 1955 the company partnered with Enfield India to manufacture
0:17:07 > 0:17:09the motorbikes in the east of the country.
0:17:09 > 0:17:15Just over a decade later the British firm went bankrupt.
0:17:15 > 0:17:19But the name Royal Enfield has been carried on by the India-based firm -
0:17:19 > 0:17:26which now has plans to bring part of the business back to the UK.
0:17:26 > 0:17:31Siddhartha Lal is Chief Executive of Royal Enfield.
0:17:32 > 0:17:35He is with us now. Nice to see you and welcome.
0:17:35 > 0:17:40Thank you. Let's talk about your involvement,
0:17:40 > 0:17:44you've been doing this for quite a file, you did this as a result of
0:17:44 > 0:17:48your father's involvement. Tell us about this.Royal Enfield
0:17:48 > 0:17:55has been through many potential bankruptcies, it died once in the
0:17:55 > 0:17:59UK, nearly twice in India, but it is a resilient brand, finds its way
0:17:59 > 0:18:05back into life and hopefully this time it is for real. In the 90s, my
0:18:05 > 0:18:11father bought this brand, it was a link about to die, I was 18, I had
0:18:11 > 0:18:13the scheming, lovely motor cycle, it was obvious something really
0:18:13 > 0:18:18interesting to me and I started running the company in the year
0:18:18 > 0:18:232000, it was in a spot of trouble.I would imagine at the age of 18 it
0:18:23 > 0:18:29was cool for dad to buy a water bike company, James Dean and Steve
0:18:29 > 0:18:34McQueen, famous users of it and posing on them, but the bikes
0:18:34 > 0:18:39weren't selling, the competition was coming from Asia, extremely tough.
0:18:39 > 0:18:43To sell bikes en masse, the markets there, people want them, especially
0:18:43 > 0:18:51in India. What happened, as in the US, the UK,
0:18:51 > 0:18:56Europe in the 60s, 70s, 80s, the Japanese motorcycles came in they
0:18:56 > 0:19:00were more efficient, cheaper, and they were really good, they
0:19:00 > 0:19:05destroyed the industry and the same happened in India in the 80s, the
0:19:05 > 0:19:09joint ventures came in, destroying all the old-style motorcycle
0:19:09 > 0:19:14companies including Royal Enfield and it took us decades of not making
0:19:14 > 0:19:20any money, not growing, the Indo Japanese players were growing
0:19:20 > 0:19:24tremendously and at that point we found our resilience. We said we
0:19:24 > 0:19:29don't want to be in a small motorcycle market, we want to make
0:19:29 > 0:19:32something delightful, fun and leisurely and that's what you focus
0:19:32 > 0:19:37on and we didn't grow for well over a decade and in the year 2000 we had
0:19:37 > 0:19:40a ramp and it's been growing ever since.Do you think your growth
0:19:40 > 0:19:46story in India is how the Indian economy has developed in the sense
0:19:46 > 0:19:49that more people, they are more aspirational, they have more money
0:19:49 > 0:19:53because your motor bikes are more expensive than some of the cheap
0:19:53 > 0:19:57Asian models that they could easily opt for to do their commute.
0:19:57 > 0:20:03Absolutely, art motorcycle is nearly double the price but what happens,
0:20:03 > 0:20:07around the year 2010, and everything started working, it was the time
0:20:07 > 0:20:11when the IT revolution and the boom happened in India, people were
0:20:11 > 0:20:17earning a lot more, some young chap at 21 or 23 was earning a hell of a
0:20:17 > 0:20:21lot more and he wanted to express his individuality and difference in
0:20:21 > 0:20:25a different way and we expect to be able to take that to markets outside
0:20:25 > 0:20:30India and that is the future of Royal Enfield.Global company,
0:20:30 > 0:20:34Manufacturing still in India, your research and development done a lot
0:20:34 > 0:20:39in the UK, widespread that?We set up a UK technical Centre, the team
0:20:39 > 0:20:47we started holding a number of years ago, that's got around 125 engineers
0:20:47 > 0:20:51and it's growing. Over the last decade when we could not afford so
0:20:51 > 0:20:57many engineers we came to the UK, the Midlands, that is where we found
0:20:57 > 0:21:01the people who could resonate with what we were trying to accomplish,
0:21:01 > 0:21:05we came here for consultancy but now we can afford more we decided to set
0:21:05 > 0:21:10up our own bespoke centre and dedicated team and these are people
0:21:10 > 0:21:14who really understand leisure motor cycling. In India we understand
0:21:14 > 0:21:17engineering and manufacturing but the leisure side of motor cycling is
0:21:17 > 0:21:22what we are trying to get out of the team.How are you going to grab the
0:21:22 > 0:21:27market in the UK and elsewhere outside India in a significant way
0:21:27 > 0:21:32because some see it as a very niche, kind of like a Rikard Karlberg, cool
0:21:32 > 0:21:37bike, not necessarily a bike we will see on the streets, alongside all
0:21:37 > 0:21:44those Japanese manufacturers?That's what we are in markets like the UK,
0:21:44 > 0:21:50other such markets, we were a bit more obscure, different, right?
0:21:50 > 0:21:54Maybe integer placement but what's happened as the result of our global
0:21:54 > 0:21:58ambitions and the type of work we do, our brand is still unique and
0:21:58 > 0:22:02different and we have this all school character and I believe a
0:22:02 > 0:22:07vintage style looking but with a modern under ten. And a green one as
0:22:07 > 0:22:14well? Will... More than green... It's very fuel-efficient, compared
0:22:14 > 0:22:20to other motorcycles and what's happening, we have a new range that
0:22:20 > 0:22:23we will bring into markets in the UK, they've been designed right
0:22:23 > 0:22:26here.We will have to leave it there, we are running out of time
0:22:26 > 0:22:32but so good to see you. Thank you for being on the programme. This is
0:22:32 > 0:22:41how to stay in touch. We will keep you up-to-date with the latest
0:22:41 > 0:22:46details, insight and analysis on the website. And we want to hear from
0:22:46 > 0:22:56you. Get involved on the web page. On Twitter and you can find us on
0:22:56 > 0:23:14Facebook. Business live on TV and online, whenever you need to know.
0:23:17 > 0:23:21Mike is back in the studio, lots to talk about, Black Friday tomorrow,
0:23:21 > 0:23:25Thanksgiving today, get out and spend but many are feeling the
0:23:25 > 0:23:31pinch.Absolutely, two things going on, Black Friday, historically
0:23:31 > 0:23:37retailers go into profit for the year. The challenge is retailers are
0:23:37 > 0:23:42under a lot of pressure and you certainly see that in the UK.
0:23:42 > 0:23:45Further our continual pressure is on the high street and the split
0:23:45 > 0:23:49between Street and the Internet is the key challenge, making the
0:23:49 > 0:23:54transition obviously the one we look for.So many retailers doing both,
0:23:54 > 0:23:59in tandem and there was a big swing over the last decade that everything
0:23:59 > 0:24:03would go online and we like the convenience of ordering online and
0:24:03 > 0:24:08picking it up at the shop.If you are a large retailer you need to
0:24:08 > 0:24:12have a presence, people can physically see the items that you
0:24:12 > 0:24:15have to make sure they buy it off you without going to another
0:24:15 > 0:24:21website, that is the challenge for a lot of retailers.Are you guilty of
0:24:21 > 0:24:26going into a store, you touch it you feel it, then you go and buy it
0:24:26 > 0:24:31elsewhere?I am not a very good shopper.You are probably saving a
0:24:31 > 0:24:36lot of money. Let's look at what you are doing, Stewart says I am cutting
0:24:36 > 0:24:41back significantly I cannot afford it. Sorry to hear that. Anna says
0:24:41 > 0:24:45Christmas sucks, I will spend as I normally do, not feel pressured. I
0:24:45 > 0:24:53want to know how Erica does her budgeting, Lincolnshire, 350 quid
0:24:53 > 0:24:58she limited her spending two, hoping to beat it this year. Well done with
0:24:58 > 0:25:08that. Mike, the other story dominating, Uber, huge hacking
0:25:08 > 0:25:13attack, paying off the hackers.Uber has been in the news a lot recently,
0:25:13 > 0:25:19this is the latest story, do people stop using the service, is this
0:25:19 > 0:25:23enough to tip it over the edge, so far it does not look like it but the
0:25:23 > 0:25:28bad news is stacking up.Thank you. So nice to see you. Thank you so
0:25:28 > 0:25:32much for your company. We will see you same time same place tomorrow.
0:25:32 > 0:25:35Have a great day. Goodbye.