0:00:05 > 0:00:07This is Business Live from BBC News with Ben Thompson
0:00:07 > 0:00:09and Samantha Simmonds.
0:00:09 > 0:00:12China stops taking the world's recycling -
0:00:12 > 0:00:15so where will it go and what it will it mean for the
0:00:15 > 0:00:16packaging we all use?
0:00:16 > 0:00:21Live from London, that's our top story on Tuesday, 2nd January.
0:00:36 > 0:00:41Beijing says the rest of the world's waste is damaging its environment,
0:00:41 > 0:00:44but with few options to fill the gap, will we all
0:00:44 > 0:00:46be recycling less?
0:00:46 > 0:00:51Also in the programme...
0:00:51 > 0:00:53Browser battles - Google searches for answers in Asia as it
0:00:53 > 0:01:00struggles to keep up with China's Alibaba.
0:01:00 > 0:01:06The new year and new markets starting on a high. We will assess
0:01:06 > 0:01:09what is ahead for 2018.
0:01:09 > 0:01:11And we'll be getting the inside track on the first app
0:01:11 > 0:01:14in the world to be approved as a contraceptive with the nuclear
0:01:14 > 0:01:16physicist who came up with the idea.
0:01:16 > 0:01:18A new study says happiness at work improved last year,
0:01:18 > 0:01:21but nearly half of us still looking for a new job this year.
0:01:21 > 0:01:22Are you?
0:01:22 > 0:01:23Let us know.
0:01:23 > 0:01:25Just use the hashtag #BBCBizLive.
0:01:35 > 0:01:39Hello and happy New Year and welcome to Business Live.
0:01:39 > 0:01:42The world gets back to work after the New Year break,
0:01:42 > 0:01:44leaving behind piles of plastic, textiles and paper waste
0:01:44 > 0:01:46from the festive season.
0:01:46 > 0:01:49Much of the the stuff we recycle would be shipped to China,
0:01:49 > 0:01:55but Beijing is banning imports of many waste materials this year.
0:01:55 > 0:01:5824 different substances are on the banned list,
0:01:58 > 0:02:03as China tries to tackle environmental damage
0:02:03 > 0:02:05caused by hazardous waste.
0:02:05 > 0:02:07It's big business - each year the world uses more
0:02:07 > 0:02:09than 800 million metric tons of scrap commodities
0:02:09 > 0:02:11to make new stuff.
0:02:11 > 0:02:17And China is the biggest importer of that.
0:02:17 > 0:02:22In 2016, the country took in 27% of the world's scrap imports.
0:02:22 > 0:02:24It's not clear what will now happen to it.
0:02:24 > 0:02:27And it's plastic that's the biggest worry.
0:02:27 > 0:02:29It's one of the most environmentally damaging materials,
0:02:29 > 0:02:37but plastic production is expected to grow by 40% over the next decade.
0:02:37 > 0:02:40Lots of the material finds its way to China via Hong Kong,
0:02:40 > 0:02:45from where Danny Vincent reports.
0:02:45 > 0:02:53Recycling in Hong Kong. This may be where your waste ends up, used
0:02:53 > 0:02:59plastic comes from near and far, but recyclers must now just change the
0:02:59 > 0:03:03way the process waste because of China's new ban on used plastic
0:03:03 > 0:03:07products. Hong Kong will face a challenge when it comes to dealing
0:03:07 > 0:03:12with plastic waste. Right now the majority goes to mainland China but
0:03:12 > 0:03:18that could be set to change. The policy change also represents an
0:03:18 > 0:03:22opportunity for recyclers. Waste management is big business. Hong
0:03:22 > 0:03:27Kong has a relatively underdeveloped recycling sector activists are
0:03:27 > 0:03:30hoping the Chinese ban will encourage Hong Kong companies to do
0:03:30 > 0:03:36more to develop the industry. This is the founder of a community-based
0:03:36 > 0:03:43recycling programme.If the Chinese policy is run properly, I think
0:03:43 > 0:03:48South Asia may take the same policy also because they do not want to
0:03:48 > 0:03:52accept the waste from the other country, they want good quality
0:03:52 > 0:03:57items, good quality recyclable materials.For years, Hong Kong
0:03:57 > 0:04:01companies depended on China's appetite for waste products. Now
0:04:01 > 0:04:05many plastics are no longer welcomed, these Hong Kong companies
0:04:05 > 0:04:08will have to process the rubbish themselves, if they wish to make a
0:04:08 > 0:04:13profit.
0:04:13 > 0:04:15Keith Freegard is vice chairman of the British Plastics
0:04:15 > 0:04:17Federation's Recycling Group.
0:04:17 > 0:04:22He joins us now. Warm welcome, happy New Year. As well as being chairman
0:04:22 > 0:04:26of the recycling group, your businesses recycling. You have a bit
0:04:26 > 0:04:31of a show and tell, you recycle cars, tell us what you do with them.
0:04:31 > 0:04:37My company is linked with a business that recycles about 20% of the UK's
0:04:37 > 0:04:43waste motor vehicles, each car weighs about 1.3 tonnes and this
0:04:43 > 0:04:46material is shredded plastic which we have recovered from the shredding
0:04:46 > 0:04:51process for cars. In the past, when people were only interested in
0:04:51 > 0:04:56steel, this would go for waste. But we see it as a resource.That is the
0:04:56 > 0:05:00sort of stuff that until today would maybe have gone to China, lots of
0:05:00 > 0:05:05ships leave Europe going east, taking stuff like this, paper,
0:05:05 > 0:05:12steel, plastic, and it is press test -- and it is processed there and
0:05:12 > 0:05:16comes back as finished goods. You are doing it here and it is unusual.
0:05:16 > 0:05:22We collect a lot of plastic packaging, I show you a good
0:05:22 > 0:05:25recyclers, you put it in your bin commie go away, you expect it to be
0:05:25 > 0:05:31a useful resource that turns into new materials -- you put it in your
0:05:31 > 0:05:35bin, you go away.At the moment we are sending a lot to China. When
0:05:35 > 0:05:43China was growing, it was an opportunity. Now this year they are
0:05:43 > 0:05:45saying they will not actually ban but make sure they only get really
0:05:45 > 0:05:54clean materials, they are saying about 0.5% of waste in a bale of
0:05:54 > 0:05:58material, so it is a huge challenge for the country.Michael Gove has
0:05:58 > 0:06:02accepted they have been slow off the mark in dealing with this. My
0:06:02 > 0:06:09recycling bin is overflowing. You started this business from scratch,
0:06:09 > 0:06:14you invented the technology to take the plastic out of cars and to
0:06:14 > 0:06:19recycle it, you are employing local people, a British business, what do
0:06:19 > 0:06:23other companies who are perhaps inspired by what you have done need
0:06:23 > 0:06:26to do and the Government to make sure all of the waste we are
0:06:26 > 0:06:32producing stays here and gets put to good use?One of the key thing is, I
0:06:32 > 0:06:35have seen Michael Gove is focused on making a collection and quality of
0:06:35 > 0:06:41material going into the collection phase better, he says use less types
0:06:41 > 0:06:44of plastic, design products which are much simpler so they are easier
0:06:44 > 0:06:49to get a high yield of material out of, but the area missing is demand
0:06:49 > 0:07:01creation. The reason China was so successful is because it was a huge
0:07:01 > 0:07:03demand. Give business people somewhere to sell something, they
0:07:03 > 0:07:05will find it. We need to focus on creation of demand within the
0:07:05 > 0:07:09circular economic model in the UK. If I can make... Here is our part we
0:07:09 > 0:07:16make for a BMW car, I am taking plastics from old cars, creating
0:07:16 > 0:07:21jobs, economic value and wealth in the UK using UK technology, building
0:07:21 > 0:07:25assets, employing UK graduates, fantastic, and then we are supplying
0:07:25 > 0:07:30the UK motor industry. That type of self sufficient flow of materials to
0:07:30 > 0:07:35me is a real opportunity we should be focusing on.Really interesting,
0:07:35 > 0:07:39really good to talk to you and thanks for bringing in your bits and
0:07:39 > 0:07:42pieces. Nice to see you.
0:07:42 > 0:07:45Let's take a look at some of the other stories making the news.
0:07:45 > 0:07:47Aviation industry research has found that 2017 was the safest year
0:07:47 > 0:07:49in history for commercial airlines.
0:07:49 > 0:07:51Two separate air consultancies say no passenger jets crashed
0:07:51 > 0:07:53anywhere in the world, in spite of more flights
0:07:53 > 0:07:56being made than ever before.
0:07:56 > 0:07:59But one of the firms, the Dutch consultancy To70,
0:07:59 > 0:08:02warned that the extraordinarily low accident rate must be
0:08:02 > 0:08:05seen as good fortune.
0:08:05 > 0:08:08Hundreds of Hollywood actresses and filmmakers have launched
0:08:08 > 0:08:12a campaign in the United States to fight sexual harassment at work.
0:08:12 > 0:08:15The Time's Up campaign is fronted by stars including
0:08:15 > 0:08:17Meryl Streep and Cate Blanchett.
0:08:17 > 0:08:22It aims to tackle harrassment in Hollywood as well as low paid
0:08:22 > 0:08:24jobs in other industries and is raising money to provide
0:08:24 > 0:08:27legal support to women and men who are abused in the workplace.
0:08:27 > 0:08:29The South African retailer Steinhoff has warned investors
0:08:29 > 0:08:31that the company is likely to need to restate its accounts
0:08:31 > 0:08:38prior to 2015.
0:08:38 > 0:08:41Steinhoff lost more than 90% of its market value after it
0:08:41 > 0:08:48announced accounting regularities in December.
0:08:48 > 0:08:50What could take on Google and win?
0:08:50 > 0:08:51Not much, right?
0:08:51 > 0:08:54Wrong.
0:08:54 > 0:08:56A little-known web browser is proving to be a match
0:08:56 > 0:08:59for Google's web browser in parts of Asia.
0:08:59 > 0:09:04It's called UC Browser and is owned by internet giant Alibaba.
0:09:04 > 0:09:06Christine Hah has the details for us from our Asia
0:09:06 > 0:09:11business hub in Singapore.
0:09:11 > 0:09:14It is interesting, most people will not have heard of this, yet it is
0:09:14 > 0:09:20topping the rankings in some parts of Asia?Exactly. If you look at the
0:09:20 > 0:09:29global market share for Google and the macro Google Chrome against UC
0:09:29 > 0:09:35Browser, Google has 37% and UC Browser was launched before Google
0:09:35 > 0:09:45Chrome came on the market. If you look at it today, it UC Browser,
0:09:45 > 0:09:49they are getting a lot of market share, a lot of users in developing
0:09:49 > 0:09:57markets like India where it has a 51% market share, Chrome has 30%.
0:09:57 > 0:10:01Indonesia, UC Browser is dominating as well and it matters because these
0:10:01 > 0:10:05are two of the last untouched mobile markets, fastest-growing in the
0:10:05 > 0:10:09world. If UC Browser wins these markets, they have more market share
0:10:09 > 0:10:15in the future. It is backed by Alibaba and takes up much less
0:10:15 > 0:10:18memory, faster, built-in technologies, soap in places where
0:10:18 > 0:10:25the internet speed is patchy and people use cheaper mobile phones, it
0:10:25 > 0:10:32is good.Not often we talk about Google facing stiff competition from
0:10:32 > 0:10:37arrival, but thanks for that. The new year kicking off with a strong
0:10:37 > 0:10:41recession, traders drifting back to work after the festive break, Hong
0:10:41 > 0:10:44Kong, the standout performer.
0:10:44 > 0:10:47Most markets still riding the wave of Donald Trump's tax cut
0:10:47 > 0:10:49in the US which it's hoped, certainly among investors,
0:10:49 > 0:10:50will boost US growth.
0:10:50 > 0:10:53There's also key US jobs data due at the end of the week
0:10:53 > 0:10:55which will provide fresh clues about the strength of
0:10:55 > 0:11:00the world's biggest economy.
0:11:00 > 0:11:02We will talk about that in a moment.
0:11:02 > 0:11:04Later today, there's a whole load of manufacturing
0:11:04 > 0:11:06reports from Germany, France, the UK and the US.
0:11:06 > 0:11:09The reports from Germany and France will be watched
0:11:09 > 0:11:13closely, given their strong performance of late.
0:11:13 > 0:11:15Hoping for continued strong performance.
0:11:15 > 0:11:18The FTSE 100 in the UK finished last year with a record high
0:11:18 > 0:11:20and is starting 2018 in a similar manner.
0:11:20 > 0:11:24We will talk about what is ahead for 2018 again in just a moment.
0:11:24 > 0:11:26And Samira Hussain has the details about what's ahead
0:11:26 > 0:11:30on Wall Street Today.
0:11:30 > 0:11:36Tuesday marks the first trading day of 2018 and many market watchers
0:11:36 > 0:11:39believe stocks will keep going higher in the next several weeks now
0:11:39 > 0:11:44that tax reform is done and dusted. Next on the President's agenda is
0:11:44 > 0:11:48passing and Infastructure Bill which financial markets are also looking
0:11:48 > 0:11:53forward to. Things to watch coming out this week, on Wednesday, we will
0:11:53 > 0:11:57get the minutes from the last meeting of the Federal Reserve, the
0:11:57 > 0:12:04US central bank raised interest rates by 0.25% meeting. On Friday,
0:12:04 > 0:12:08we will get the latest look at America's labour market when the
0:12:08 > 0:12:10latest unemployment numbers are released.
0:12:10 > 0:12:13Joining us is James Hughes, chief market analyst at Axi Trader.
0:12:13 > 0:12:21Happy New Year.Crystal ball time. 2nd of January, the FTSE up slightly
0:12:21 > 0:12:27this morning, others down slightly, what is your vision for what the
0:12:27 > 0:12:31markets will do, will they continue to rally over the coming weeks and
0:12:31 > 0:12:35months?That is literally the million-dollar question. The key
0:12:35 > 0:12:39thing was and we knew from Donald Trump was my point of view that it
0:12:39 > 0:12:44was to get the tax deal done before Christmas, even put a makeshift West
0:12:44 > 0:12:47conference together, the fact it went through, it has helped the
0:12:47 > 0:12:52markets push higher -- makeshift press conference. The markets have
0:12:52 > 0:12:56been rallying on the tax cuts since the 9th of November when Donald
0:12:56 > 0:13:01Trump got into the presidency. The key thing is, they will continue in
0:13:01 > 0:13:06the first month or so of this year, I would say, in terms of the equity
0:13:06 > 0:13:12markets. However we need to look at huge changes, a new Fed chair at the
0:13:12 > 0:13:17end of February probably, a complete change in the way the markets in the
0:13:17 > 0:13:20US particularly look, and the reason we focus on the US markets is
0:13:20 > 0:13:24because that is what drives everything, we are talking about the
0:13:24 > 0:13:31FTSE finishing a record year at the end of 2017, that is because the US
0:13:31 > 0:13:34markets rallied that weight as well. The markets are fickle with a short
0:13:34 > 0:13:38attention span, as soon as something else comes along, they will be
0:13:38 > 0:13:44obsessed about the new thing, and that is the worry, something else.
0:13:44 > 0:13:48That is the truth. Looking at the whole of last year, we thought the
0:13:48 > 0:13:53news about the tax cut would go away long before it did. We saw North
0:13:53 > 0:13:57Korean intentions, tensions all over the world, big oil industry issues,
0:13:57 > 0:14:01yet it still did not detract from what Donald Trump was going to do in
0:14:01 > 0:14:08terms of the tax reform -- North Korean intentions. The stimulus
0:14:08 > 0:14:11pumpkin in the credit crunch has been taken away, but the taxpayer
0:14:11 > 0:14:21has been adding most minutes to the economy -- the stimulus pumped in in
0:14:21 > 0:14:27the credit crunch. The Warriors, when the markets go up, so
0:14:27 > 0:14:31aggressively, the chances are, when they come down, the moves are just
0:14:31 > 0:14:38as aggressive -- the worry is.Bumpy ride ahead, perhaps.Could well be.
0:14:38 > 0:14:40Nice to see you.
0:14:40 > 0:14:41Still to come...
0:14:41 > 0:14:43Could an app replace the pill?
0:14:43 > 0:14:49Take your temperature each morning. On a red day...
0:14:49 > 0:14:52We meet the woman who says technology can work
0:14:52 > 0:14:53as a natural contraceptive.
0:14:53 > 0:15:00You're with Business Live from BBC News.
0:15:04 > 0:15:07Average rail ticket prices have risen by 3.4% across the UK,
0:15:07 > 0:15:13in the biggest increase to fares since 2013.
0:15:13 > 0:15:15Protests are planned at 40 UK stations as many commuters face
0:15:15 > 0:15:18a £100 increase in the cost of their season ticket.
0:15:18 > 0:15:21Steph McGovern is at London Bridge Station for us.
0:15:21 > 0:15:26Steph, what's happening there? How much of a protest. It looks quiet
0:15:26 > 0:15:30behind you?Yes, good morning. No protests here. It is fairly mixed
0:15:30 > 0:15:34views. This is London Bridge Station. Fourth busiest in the UK
0:15:34 > 0:15:39and yeah, this is a station that's had a £1 billion revamp over the
0:15:39 > 0:15:43last five years and when you talk to ministers about why we have these
0:15:43 > 0:15:45rail increases one of the big reasons they say is because we need
0:15:45 > 0:15:50to make sure the network is modernised to cope with the demand
0:15:50 > 0:15:54of everyone using it. There are mixed views. Some people who think
0:15:54 > 0:15:57the train fare increase is OK for them because they see that things
0:15:57 > 0:16:02need to change. Others saying hang on a minute, I have been on an
0:16:02 > 0:16:05overcrowded train. I haven't got a seat. I don't want to keep paying
0:16:05 > 0:16:08more money. Dead easy to find people to talk to you about train fares
0:16:08 > 0:16:13here. Not least, the Chief Executive of Network Rail, Mark, who is with
0:16:13 > 0:16:18us this morning. I know you are pleased to see this done on time and
0:16:18 > 0:16:21all that jazz, but looking at the bigger picture can you understand
0:16:21 > 0:16:24why some people are a bit miffed that train fares have gone up?
0:16:24 > 0:16:30Absolutely. Of, course, I can understand that, especially if they
0:16:30 > 0:16:33are on congested trains. Now, we are working really hard, up and down the
0:16:33 > 0:16:37country to improve the quality of services for people and we're
0:16:37 > 0:16:40carrying out the biggest investment programme on railways since
0:16:40 > 0:16:44Victorian times. This is just one example of the kinds of projects
0:16:44 > 0:16:48that we're delivering. In the next year people are going to see a huge
0:16:48 > 0:16:51improvement because we've got the Great Western electrification
0:16:51 > 0:16:57project and the Waterloo upgrade and Crossrail coming here and Thameslink
0:16:57 > 0:17:03and the Great North Rail Project and Edinburgh and Glasgow elect
0:17:03 > 0:17:06trification, huge investment, 5,000 new trains and people will start to
0:17:06 > 0:17:12see the benefit.Some people are saying they feel like they have
0:17:12 > 0:17:17heard this for a long time?These projects take a long time to deliver
0:17:17 > 0:17:22and I'm hugely grateful to passengers for their patience during
0:17:22 > 0:17:27the times of disruption. But you know, Rome wasn't built in a day and
0:17:27 > 0:17:32these projects take a number of years to complete, but in the next
0:17:32 > 0:17:39year, you see, there is going to be a change change.Huge change. That's
0:17:39 > 0:17:41it from me at London Bridge.
0:17:41 > 0:17:42You're watching Business Live.
0:17:42 > 0:17:45Our top story:
0:17:45 > 0:17:49China says it will stop taking much of the world's recycling as it tries
0:17:49 > 0:17:52to clean up its own environment. It is concerned about the waste
0:17:52 > 0:17:54products that are shipped there for recycling.
0:17:54 > 0:17:57A quick look at how markets are faring.
0:17:57 > 0:18:07The FTSE. And the DAX and CAC down slightly.
0:18:07 > 0:18:10One of the most important decisions many of us will make
0:18:10 > 0:18:12during our lifetimes is whether or not to have a baby.
0:18:12 > 0:18:15It's why the fertility industry is such big business.
0:18:15 > 0:18:17But would you be prepared to put your decisions
0:18:17 > 0:18:18in the hands of an app?
0:18:18 > 0:18:20It's thought that the global market for contraceptives
0:18:20 > 0:18:22will be worth $33.6 billion in the next five years.
0:18:23 > 0:18:27But the potential is even bigger.
0:18:27 > 0:18:30The UN says that worldwide 758 million women of reproductive
0:18:30 > 0:18:33age and in a relationship use some form of contraception.
0:18:33 > 0:18:36But our next guest has just raised more money to develop an app
0:18:36 > 0:18:40which could help women with their family planning.
0:18:40 > 0:18:43It means Natural Cycles has raised a total of $36 million.
0:18:43 > 0:18:45Dr Elina Berglund is the Chief Technology Officer
0:18:45 > 0:18:48and co-founder of Natural Cycles.
0:18:48 > 0:18:54The inventor of this app, welcome up to. Happy New Year. Explain how it
0:18:54 > 0:18:59works.Happy New Year to you as well. Natural Cycles is the only
0:18:59 > 0:19:03certified contraceptive app in the world. It works in the way that
0:19:03 > 0:19:07users measure their temperature with a thermometer in the morning and
0:19:07 > 0:19:12enters it into the app and our algorism runs in the background and
0:19:12 > 0:19:17returns a red day if there is risk of pregnancy or a green day if there
0:19:17 > 0:19:21is no risk of pregnancy.How reliable is it? People putting this
0:19:21 > 0:19:25in the hands of an app. They might feel a little worried?They do at
0:19:25 > 0:19:32first, but when they understand that technology and the medicine that's
0:19:32 > 0:19:38underlying, it's actually not rocket science in the end and I should
0:19:38 > 0:19:42know. We are performed three clinical studies to date and the
0:19:42 > 0:19:47last clinical study is the largest study that's been performed on
0:19:47 > 0:19:52natural contraception and it shows that the effectiveness of the method
0:19:52 > 0:19:59is compared to the pill. So it is less effective than a method that's
0:19:59 > 0:20:03inside your body, but as effective as the pill.The temperature
0:20:03 > 0:20:12indicates when you have been ovulating. Women have been using
0:20:12 > 0:20:17thermometers to discover when is the best time to get pregnant?The
0:20:17 > 0:20:22medical research is old. We have applied statistics and mathematics
0:20:22 > 0:20:26from my time in particle physics to make this old method effective and
0:20:26 > 0:20:32user-friendly.I want to talk about your time as a particle physicist,
0:20:32 > 0:20:36you still do that, but an interesting background. You were
0:20:36 > 0:20:40involved in the work at Sern, how do you make the leap from that to what
0:20:40 > 0:20:48you're currently working on?Well, that's a long story! So, I was part
0:20:48 > 0:20:55of a team that discovered the higs particle in 2012. From my own need
0:20:55 > 0:21:01of an effective natural contraceptive method I used my
0:21:01 > 0:21:06programmal knowledge to develop the algorism to use myself, but then my
0:21:06 > 0:21:10husband was also my co-founder and I realised this was a huge business
0:21:10 > 0:21:15opportunity as well so we decided to make this algorism into an app so
0:21:15 > 0:21:20all women and couples could profit from the innovation.The idea it is
0:21:20 > 0:21:23for women who don't want to use normal contraception such as the
0:21:23 > 0:21:27pill or the coil, or things, they don't want to put other stuff in
0:21:27 > 0:21:32their body. Is that what was behind the body?When it comes to
0:21:32 > 0:21:34contraception it is important to provide choice because one method
0:21:34 > 0:21:40doesn't fit all women and also not necessarily throughout her whole
0:21:40 > 0:21:46reproductive lifetime. We want to provide an effective way for women
0:21:46 > 0:21:49to prevent pregnancy without alternating their body and instead
0:21:49 > 0:21:54understanding their body which can be very empowering.It is
0:21:54 > 0:21:57fascinating. Thank you for explaining that.Thank you.Best of
0:21:57 > 0:21:59luck with it.
0:21:59 > 0:22:02In a moment we'll take a look through the business pages,
0:22:02 > 0:22:06but first here's a quick reminder of how to get in touch with us.
0:22:06 > 0:22:08Stay up-to-date with all the day's business news as it happens
0:22:08 > 0:22:10on the BBC's Business Live page.
0:22:10 > 0:22:13There's insight and analysis from our team of editors
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0:22:43 > 0:22:48James is back with us. It is New Year, new job and all that sort of
0:22:48 > 0:22:53thing. I was interested in this. It was in the Independent, happiness at
0:22:53 > 0:22:56work improves, but for nearly half of UK employees they will be looking
0:22:56 > 0:23:00for a new job. We're happier at work, but we can't be that happy if
0:23:00 > 0:23:07we're looking for a new job.This time last year, 59% were looking for
0:23:07 > 0:23:12a new job. This year it is 49%. Still half of the workforce. But I
0:23:12 > 0:23:18think when you look at some of the situations, you look at the economic
0:23:18 > 0:23:22data, it is wage growth which is the issue. I think and it's important to
0:23:22 > 0:23:27know that not everyone is driven to change jobs by money, but you have
0:23:27 > 0:23:31in the UK at moment you have household debt at its record levels
0:23:31 > 0:23:35and debt per person without mortgages is around £8,000 per
0:23:35 > 0:23:38person in the UK. So when you look at situations like that and you look
0:23:38 > 0:23:44at the fact that wage growth isn't rising at the same right as
0:23:44 > 0:23:46inflation people are looking at themselves in the New Year and
0:23:46 > 0:23:49saying well, the reason I need to change job is so my wages will
0:23:49 > 0:23:52increase. That's one of the big reasons why this actually does
0:23:52 > 0:23:56happen.What does that mean for employers? We know how difficult
0:23:56 > 0:24:00retaining staff can be. It's quite a cost, isn't it, every time you have
0:24:00 > 0:24:05got a new staff member coming in, so they want to keep turnover low?
0:24:05 > 0:24:11Exactly. Companies want to keep turnover low. In the UK, business
0:24:11 > 0:24:15isn't necessarily thriving. So, a lot of smaller companies don't have
0:24:15 > 0:24:19the ability to raise the wages of their staff members. They want to
0:24:19 > 0:24:22keep their staff, but they can't raise the wages. You have got debt
0:24:22 > 0:24:26at very high levels. So there are issues, but it's not just the fact
0:24:26 > 0:24:29that people are looking to move because of wages. There are so many
0:24:29 > 0:24:33other aspects of people looking to change their job for different
0:24:33 > 0:24:36reasons, career, personal circumstances, there is a lot.We
0:24:36 > 0:24:40have got one tweet from Jay Wallace who says that, they say I am looking
0:24:40 > 0:24:47for a new career having just turned 36. He said he had testicular cancer
0:24:47 > 0:24:55and made him reassess and life is too short not to be happy. Olivia
0:24:55 > 0:24:59said she is thinking about going overseas.Well, enjoy. You can still
0:24:59 > 0:25:05watch us. We are on BBC World News around the world.
0:25:05 > 0:25:09Let's talk about the airline story, 2017, the safest year for air
0:25:09 > 0:25:14travel. It's a good news story, but they say it's a lucky coincidence?
0:25:14 > 0:25:18You always worry about a story like this, don't you? There is one good
0:25:18 > 0:25:24thing from a business point of view, the airline industry which has
0:25:24 > 0:25:27struggled for a number of years after the credit crunch has some
0:25:27 > 0:25:30positive news to talk about and something that could well help to
0:25:30 > 0:25:34boost its numbers by saying 2017 is the safest year, but as you say,
0:25:34 > 0:25:38within that story, it does say that a lot of these this is down to luck,
0:25:38 > 0:25:43but they say, and again, this is the amazing stat, they say it is one in
0:25:43 > 0:25:4916 million chance of being in a fatal air crash. It is what some of
0:25:49 > 0:25:53these scientists will say.A cheery thought.Exactly right. Happy New
0:25:53 > 0:25:57Year.Happy New Year to you too. Thank you for your company. We will
0:25:57 > 0:26:04see you soon. Bye-bye.