0:00:04 > 0:00:08This is Business Live from BBC News with David Eades and Ben Bland.
0:00:08 > 0:00:11Has Coca-Cola lost its fizz?
0:00:11 > 0:00:18The world's biggest beverage maker reports results in a few hours -
0:00:18 > 0:00:20amid a 12 year decline in soft drink sales.
0:00:20 > 0:00:21Live from London,
0:00:21 > 0:00:23that's our top story on Friday the 16th of February.
0:00:35 > 0:00:36Consumers are choosing healthier options -
0:00:36 > 0:00:39which is good for the waistline, but bad for companies
0:00:40 > 0:00:42like Coca Cola's bottom line.
0:00:42 > 0:00:45Also in the programme, shampoo,
0:00:45 > 0:00:51deodorant and other household products could be as hazardous
0:00:51 > 0:00:53to health as car emissions, a new study has found.
0:00:53 > 0:01:00We'll find out more in our paper review.
0:01:00 > 0:01:04As for the markets, let's look at how the European markets and the
0:01:04 > 0:01:09FTSE have opened, around half a percent, following on from
0:01:09 > 0:01:19encouraging signs from the Nick Cave. -- Nikkei.
0:01:19 > 0:01:22And we'll wrap up the week's big events with our
0:01:22 > 0:01:23economics correspondent - including what's ahead
0:01:23 > 0:01:25for South Africa's new president?
0:01:25 > 0:01:30What's waiting in his economic in tray?
0:01:31 > 0:01:35And we want to know have you ditched fizzy drinks and what are you having
0:01:35 > 0:01:41instead to quench thirst? No fizzy drinks, just coffee, ignored the
0:01:41 > 0:01:45three sugars! Contact us.
0:01:47 > 0:01:50Hello and welcome to Business Live.
0:01:50 > 0:01:54When it comes to our eating habits, it turns out that many people
0:01:54 > 0:01:57are choosing healthier options - or at least cutting
0:01:57 > 0:01:59back where they can.
0:01:59 > 0:02:02But for a company like Coca-Cola, does a shrinking waste-line mean
0:02:02 > 0:02:04a shrinking bottom line?
0:02:04 > 0:02:08Just to give you an idea, one can of Coke has about seven
0:02:08 > 0:02:11teaspoons of sugar in it - and it accounts for 139 calories.
0:02:11 > 0:02:15That's about the same as eating a Daim bar!
0:02:15 > 0:02:18Americans are definitely cutting back.
0:02:18 > 0:02:22In 2016, soda sales hit a 31-year low in the United States.
0:02:22 > 0:02:25Coke will be reporting earnings in a few hours' time
0:02:25 > 0:02:28and expectations are that revenue will fall 21% in the last
0:02:28 > 0:02:31three months of 2017.
0:02:31 > 0:02:38So the world's largest beverage company is looking to expand further
0:02:38 > 0:02:40into sugar-free alternatives and bottled water.
0:02:40 > 0:02:45But will that be enough?
0:02:45 > 0:02:47Thank you.
0:02:47 > 0:02:49Andy Morton is news editor of the online trade
0:02:49 > 0:02:53magazine Just Drinks.
0:02:53 > 0:02:57Good to have you with us. Already the tweets are coming in, including
0:02:57 > 0:03:03Edward, I saw the line, ditched fizzy drinks, have swapped it for
0:03:03 > 0:03:09glasses of water bodies that where the problems lie?Partly, it's
0:03:09 > 0:03:14something that's been ongoing for the past picked, people drinking
0:03:14 > 0:03:20fewer sodas and turning to healthier alternatives.The drinks companies
0:03:20 > 0:03:24are aware of this, it's not a sudden thing happening overnight, it's been
0:03:24 > 0:03:30a long-term health push, the Rabin government campaigns, health kick
0:03:30 > 0:03:35campaigns...Absolutely, Coca-Cola and the drinks companies know about
0:03:35 > 0:03:41this and that the past 5-6 years they've been trying to buy as many
0:03:41 > 0:03:44new and trending products as possible. For example they bought
0:03:44 > 0:03:50coconut water, sparkling water, and they have also what plant -based
0:03:50 > 0:03:54drinks such as soya -based drinks, those kind of things, on trend,
0:03:54 > 0:03:59things that have less sugar and that people want to drink.On trend is
0:03:59 > 0:04:04one thing, persuading people is a long-term buy, they know that
0:04:04 > 0:04:10Coca-Cola sells, but it's on the decline, what do they do?What they
0:04:10 > 0:04:19do is they tried to convince people that Coca-Cola is still a rewarding
0:04:19 > 0:04:24brand...It is for them.It is still a massive moneymaker. They don't
0:04:24 > 0:04:28want to ditch it, it's still the Crown Jewels, what able trouble they
0:04:28 > 0:04:34do is reduced packaging sizes, they've been doing that for the past
0:04:34 > 0:04:38few years, you will have full sugar drinks in smaller packages, it's
0:04:38 > 0:04:45seen as and we'll be seen more as a luxury, and indulgence. We have seen
0:04:45 > 0:04:55what some people are
0:04:58 > 0:05:05calling the adultification of drinks like Coca-Cola, making them sleeker.
0:05:05 > 0:05:10We have seen some bigger companies like Pepsi, moving into things like
0:05:10 > 0:05:13Kraft sodas, to see if that will work. What has happened in the beer
0:05:13 > 0:05:18industry, trying to replicate it in the soft drinks industry, but it's
0:05:18 > 0:05:24still early days.What do you think the future is, are we likely to see
0:05:24 > 0:05:29consolidation, companies merging to survive?That's something that could
0:05:29 > 0:05:32happen, Coca-Cola, always rumours floating that a bigger company is
0:05:32 > 0:05:42going to buy it. There are these larger companies, owned by a large
0:05:42 > 0:05:44private equity firms, these are the kind of companies that may in the
0:05:44 > 0:05:54future look to buy Coca-Cola, Pepsi Cole have lines in food and drinks
0:05:54 > 0:06:03business, they could divert the businesses, food going one way drink
0:06:03 > 0:06:06scoring another.
0:06:06 > 0:06:09Let's take a look at some of the other stories making the news...
0:06:09 > 0:06:12Theresa May is due to hold talks with German Chancellor Angela Merkel
0:06:12 > 0:06:14today as she seeks to make progress on negotiating Brexit.
0:06:14 > 0:06:17The UK PM is expected to set out her vision of how she wants
0:06:17 > 0:06:20the financial services to operate once Britain leaves the EU.
0:06:20 > 0:06:23This comes a day ahead of a speech on Saturday in which the British PM
0:06:23 > 0:06:25will set out the security partnership she wants
0:06:25 > 0:06:26to maintain with the EU.
0:06:26 > 0:06:30French car giant Renault has asked Carlos Ghosn to stay on as chief
0:06:30 > 0:06:31executive for a further four years.
0:06:31 > 0:06:34If approved, he would also remain on as head of the world's
0:06:34 > 0:06:36biggest automotive group, which also includes the Nissan
0:06:36 > 0:06:45and Mitsubishi brands.
0:06:45 > 0:06:47US regulators have rejected the sale of the Chicago Stock Exchange
0:06:47 > 0:06:50to a group led by Chinese based investors, over concerns
0:06:50 > 0:06:53with its ownership structure.
0:06:53 > 0:06:56The deal has drawn criticism from US lawmakers who questioned the SEC's
0:06:56 > 0:06:58ability to regulate the foreign buyers if the proposal
0:06:58 > 0:07:01was approved.
0:07:04 > 0:07:07Japan's government has today nominated Haruhiko Kuroda
0:07:07 > 0:07:11for a second term as the country's central bank governor.
0:07:11 > 0:07:16The decision is being seen as an indication that the country
0:07:16 > 0:07:18is in no rush to dial back its massive stimulus programme.
0:07:18 > 0:07:20Let's go to our Asia business hub where Sarah Toms
0:07:20 > 0:07:25is following the story.
0:07:25 > 0:07:32Tell us more.How is this going down? It's been a good day for
0:07:32 > 0:07:34Japanese markets, investors breathing a sigh of relief. The
0:07:34 > 0:07:41markets up just 1%, the yen is the strongest in 15 months up against
0:07:41 > 0:07:53the US dollar, showing investors want continuity over change.
0:07:54 > 0:08:01Kuroda has been key to the success of the Japanese Prime Minister,
0:08:01 > 0:08:05needs approval from both houses, but there is a comfortable majority
0:08:05 > 0:08:08silver should not be a problem but in his new term there are a couple
0:08:08 > 0:08:14of problems he will to deal with, and although Japan is out of the
0:08:14 > 0:08:18dangerous cycle of falling prices, inflation is not yet at the target
0:08:18 > 0:08:232% in the second problem he must sort is how to figure out how to
0:08:23 > 0:08:28exit from the stimulus programme. Thanks very much. Let's look quickly
0:08:28 > 0:08:43at the markets. On the Nick Cave... Up just over 1%. -- Nikkei. Things
0:08:43 > 0:08:47going in the same direction within the Japanese economy. The markets
0:08:47 > 0:08:55here in Europe... London, the FTSE, all opening up around half a
0:08:55 > 0:09:00percent. A little bit more correction to the big correction
0:09:00 > 0:09:01taking place there.
0:09:08 > 0:09:11Now the details about what's ahead on Wall Street Today.
0:09:11 > 0:09:13On Friday Kraft Heinz, known for its ketchup,
0:09:13 > 0:09:16Jello and Kool-Aid - and for its brutal
0:09:16 > 0:09:18cost-cutting regime - is expected to report an increase
0:09:18 > 0:09:21in profits for the past year.
0:09:21 > 0:09:24The company, which is partly owned by billionaire
0:09:24 > 0:09:26investor Warren Buffett, attempted to buy consumer goods
0:09:26 > 0:09:30giant Unilever last year, only to be quite swiftly rebuffed.
0:09:30 > 0:09:32And the world's largest soup maker, Campbells, whose iconic tins
0:09:32 > 0:09:36were immortalised by Andy Warhol, is expected to report a drop
0:09:36 > 0:09:40in second-quarter profit.
0:09:40 > 0:09:43It's been hurt, in part, by harvest delays of one
0:09:43 > 0:09:48of its key ingredients, carrots, in California.
0:09:48 > 0:09:52And Wall Street will be watching to see whether monthly home-building
0:09:52 > 0:09:57data picks up after a sharp fall in December.
0:09:57 > 0:10:00A fall in demand for homes can have a ripple effect
0:10:00 > 0:10:02on the construction industry, on employment and the
0:10:02 > 0:10:07wider retail economy.
0:10:07 > 0:10:12Shaun Port is chief investment officer at Nutmeg.
0:10:13 > 0:10:21Good to have you with us. The UK is trying to ensure it has alignment of
0:10:21 > 0:10:24financial rules with the EU post Brexit, why is that so significant
0:10:24 > 0:10:30and how could it affect our kids? Financial services are a big
0:10:30 > 0:10:34employer in the UK and a bigger contributor to the budget, with tax
0:10:34 > 0:10:38receipts. Under EU rules there is something called equivalents, we
0:10:38 > 0:10:43could have similar rules covering a third financial services and the EU
0:10:43 > 0:10:48could revoke that with 30 days notice. It's important to UK gets
0:10:48 > 0:10:51alignment on the rules so financial services can export to the EU.It's
0:10:51 > 0:10:57early days. Getting the ball rolling with mean something.It's
0:10:57 > 0:11:02significant, the first time we've heard anything from the government
0:11:02 > 0:11:06on financial services given how important it is to the UK economy.
0:11:06 > 0:11:10Some things the UK needs to sort out with the EU, probably a deal will
0:11:10 > 0:11:16not happen until the last minute. Just mentioned earlier the bank of
0:11:16 > 0:11:19Japan, the governor staying in situ, that seems to have gone down nicely,
0:11:19 > 0:11:25it's part of the pattern and therefore important.Yes, it's good
0:11:25 > 0:11:30news, it was expected, taken off in extra area of risk, the Japanese
0:11:30 > 0:11:36economy performing the strongest in 28 years, nearly Shinzo Abe wants to
0:11:36 > 0:11:41continue the strong progress. It's also very good for financial
0:11:41 > 0:11:44markets, and mortgage rates here, it has an impact, would you believe?
0:11:44 > 0:11:51Right significant. Likely to be disappointment in China over the
0:11:51 > 0:11:53blocking of the Chicago stock exchange, what do you think is going
0:11:53 > 0:12:02on?It's the continuation of the theme, purchases blocked, some
0:12:02 > 0:12:04things in telecom, continuation of a theme along the lines of President
0:12:04 > 0:12:09Trump protectionist policy, anti China when it comes to trade deals.
0:12:09 > 0:12:18Continuation of a theme.We will continue to watch. Thank you. Still
0:12:18 > 0:12:19to come.
0:12:19 > 0:12:21We catch up on the week's business highlights -
0:12:21 > 0:12:23including stellar growth for the Eurozone.
0:12:23 > 0:12:24You're with Business Live from BBC News.
0:12:30 > 0:12:33Mid-earners have being locked out of buying a home,
0:12:33 > 0:12:39according to a report out today from the Institute
0:12:39 > 0:12:40for Fiscal Studies.
0:12:40 > 0:12:42With those aged 25 to 34-years-old hit the hardest.
0:12:42 > 0:12:45Joining us now is Jonathan Cribb, a Senior Research Economist
0:12:45 > 0:12:53at the IFS and author of the report.
0:12:53 > 0:13:00In some ways no surprises here, really?I don't think it's a great
0:13:00 > 0:13:04surprise what we found but I think it's important that we work out
0:13:04 > 0:13:08exactly who is being most affected by the increase in house prices that
0:13:08 > 0:13:13has gone on in the UK over the last 20 years. And quite how that has fed
0:13:13 > 0:13:19through to much lower home ownership rates for mid-income people.In
0:13:19 > 0:13:24terms of the scale of all if you like, the number of people looking
0:13:24 > 0:13:30to buy, how dramatic is this?It really is romantic. For middle
0:13:30 > 0:13:35income people, 20 years ago, about two thirds of young middle income
0:13:35 > 0:13:40people owned their own home, now it's done to just over a quarter.
0:13:40 > 0:13:43Look across the UK, falls by ten percentage points or more in every
0:13:43 > 0:13:51single region with the largest falls coming in the Southeast, evolve from
0:13:51 > 0:13:59about 64% down to 32% over the last number of years.How much further is
0:13:59 > 0:14:03the curve likely to go down?Hard to predict exactly. Some reasons to
0:14:03 > 0:14:10think this fall might slow. In the regions and nations of the UK,
0:14:10 > 0:14:13except for London and the south-east over the last ten years there's been
0:14:13 > 0:14:18relatively little rules in house prices when compared to incomes. You
0:14:18 > 0:14:26might think the fault would continue to slow down in those regions but in
0:14:26 > 0:14:30London and the south-east, has prices are outpacing income growth
0:14:30 > 0:14:34and so we might continue to see falls for those regions.I prices
0:14:34 > 0:14:40and growing interest interest rates, thank you. Plenty of business
0:14:40 > 0:14:47stories updated throughout the day. Right now, dig up a road, pay a
0:14:47 > 0:14:51fine, for those who hate those roadworks, those interminable
0:14:51 > 0:14:57roadworks. Councils can start fining utility firms who dig up roads and
0:14:57 > 0:15:03cause traffic congestion, read more about that and Brees a sigh of
0:15:03 > 0:15:08relief. That's all on the business news online.
0:15:11 > 0:15:14You're watching Business Live. Our top story -
0:15:14 > 0:15:16is Coca-Cola losing its fizz?
0:15:16 > 0:15:19The drinks giant is releasing its 4th quarter results in a few
0:15:19 > 0:15:21hours amid a 12 year decline in the US market for
0:15:21 > 0:15:27carbonated soft drinks.
0:15:27 > 0:15:31Let's look at how the markets in Europe are faring. All of them are
0:15:31 > 0:15:37in positive territory across the main markets. That is the pound
0:15:37 > 0:15:44against the dollar, well above the $1.40 mark.
0:15:44 > 0:15:47And now let's get the inside track on this weeks big business stories.
0:15:47 > 0:15:53Andrew Walker our economics correspondent is here.
0:15:53 > 0:15:58The bond markets, T-cell off. Tell us more?Particularly in the United
0:15:58 > 0:16:05States. We had news about inflation in the US, people were expecting
0:16:05 > 0:16:14Consumer Price Index inflation to go to 2.9%, it didn't. That led
0:16:14 > 0:16:17investors to think that maybe the outlook for interest rates, the
0:16:17 > 0:16:22Federal Reserve, is for more increases than we were currently
0:16:22 > 0:16:30expecting. As a result, bond yields were rising, the longer term
0:16:30 > 0:16:33interest rate which partly reflects what people expect is going to be
0:16:33 > 0:16:35the path of the Federal Reserve interest rates over the coming
0:16:35 > 0:16:42years. It is quite a move upwards in what it costs, basically, to borrow
0:16:42 > 0:16:49in the US.You mentioned the inflation rate in the US coming in
0:16:49 > 0:16:52higher than expected. Normally, people would conclude that increases
0:16:52 > 0:16:55the likelihood of interest rates going up and that then pushes the
0:16:55 > 0:17:02dollar up?It is more attractive to invest in assets in the dollar.But
0:17:02 > 0:17:06it hasn't had that effect?The immediate impact was exactly what
0:17:06 > 0:17:09you would expect, the dollar going a little bit. It quickly reversed that
0:17:09 > 0:17:14entirely. There was a bit of reaction to retail sales figures
0:17:14 > 0:17:19that came out the same time, and perhaps there was a reflection that
0:17:19 > 0:17:25we shouldn't attach too much significance to one inflation
0:17:25 > 0:17:28number. The Fed will be looking at a lot of other things before it makes
0:17:28 > 0:17:31a judgment on what to do. It is striking, over the last year, the
0:17:31 > 0:17:35dollar has actually been weakening. Looking at what happens with
0:17:35 > 0:17:38interest rates, you might expect it to be moving in the opposite
0:17:38 > 0:17:41direction. There is a bit of a puzzle. There are theories about
0:17:41 > 0:17:47what is going on, but it is not absolutely clear.We have spent so
0:17:47 > 0:17:51much time focusing on South Africa this weekend, we should perhaps look
0:17:51 > 0:17:54at the economic prospects for a country that has been considered not
0:17:54 > 0:18:00far short of basket case by some people. Have we suddenly had a flip?
0:18:00 > 0:18:06Can you see investment rushing in, great excitement?Well, the markets
0:18:06 > 0:18:09did respond positively to the political development is. We had an
0:18:09 > 0:18:14increase in the value of the rand, quite a significant spike in the
0:18:14 > 0:18:17Johannesburg stock exchange. The way I put it is that they think the new
0:18:17 > 0:18:20President has got a fighting chance of making a worthwhile difference.
0:18:20 > 0:18:27It is a big call to say that one change of regime is really going to
0:18:27 > 0:18:31fundamentally change everything. Clearly, there must be hope. But you
0:18:31 > 0:18:34are absolutely right that it has been a pretty dismal period for the
0:18:34 > 0:18:37South African economy. The average growth over the last ten years has
0:18:37 > 0:18:43been 1.4%. An emerging economy like South Africa should be managing 4%
0:18:43 > 0:18:47or 5%, that is what Malaysia and Turkey have managed over that
0:18:47 > 0:18:56period. China has done a great deal better than that. It has absolutely
0:18:56 > 0:19:07dreadful story to tell about equality. We are far enough on from
0:19:07 > 0:19:14the days of apartheid to hope that they can bring it on. No question
0:19:14 > 0:19:18that the President has a big agenda. He also has some belief among
0:19:18 > 0:19:27investors that he has got a chance of making some progress.And the
0:19:27 > 0:19:29rand strengthened. Even with the best will in the world, suddenly
0:19:29 > 0:19:32coming into office with clear ideas about how to tackle the problems, it
0:19:32 > 0:19:38is going to take time to turn it around?And there is a formidable
0:19:38 > 0:19:44agenda. Dealing with the government finances, which are a bit weak, but
0:19:44 > 0:19:47not catastrophically so, is easy. We are going to have a budget quite
0:19:47 > 0:19:53soon. There is an opportunity for the regime to make progress there.
0:19:53 > 0:19:55There are things like educational reform. South Africa is a terrible
0:19:55 > 0:19:59problem with many people who do not have the basic skills they need to
0:19:59 > 0:20:03make a really strong contribution to the labour market. That partly
0:20:03 > 0:20:06reflects the fact that a lot of their teachers were themselves and
0:20:06 > 0:20:10educated because they were trained under apartheid. Dealing with that
0:20:10 > 0:20:14kind of thing, absolutely, it takes years to turn around.Can I ask you
0:20:14 > 0:20:26about the eurozone? It has been more buoyant than previously, is that
0:20:26 > 0:20:30going to continue?The outlook is pretty good, we saw the economy
0:20:30 > 0:20:34growing a respectable 0.6% in the final quarter of the year. Every
0:20:34 > 0:20:38individual economy in the eurozone we have had so far, the breakdown is
0:20:38 > 0:20:42not compete so far, but every economy was in positive territory. I
0:20:42 > 0:20:48think there is cause for moderate optimism. But there are weaknesses
0:20:48 > 0:20:51in the eurozone, let's not get carried away!Good to see you.
0:20:51 > 0:20:53Today is the first day of the Lunar New Year -
0:20:53 > 0:20:56it's the biggest holiday celebrated in countries like China, Vietnam,
0:20:56 > 0:20:57South Korea, and Singapore.
0:20:57 > 0:20:59And with the new year comes a new Chinese zodiac -
0:20:59 > 0:21:00the Year of the Dog.
0:21:00 > 0:21:02Will it be the investor's best friend?
0:21:02 > 0:21:05Our reporter Leisha Santorelli met with Chinese astrologer Joey Yap
0:21:05 > 0:21:10to get his predictions.
0:21:13 > 0:21:19We are doing this interview in a special place, Singapore's biggest
0:21:19 > 0:21:23dog resort. That is because we want to get your predictions for the
0:21:23 > 0:21:28Chinese year of the dog.There are many types, some are like this,
0:21:28 > 0:21:32docile, happy and friendly. There are dogs that are fierce and noisy.
0:21:32 > 0:21:36This one is fierce and noisy, right? You might get some volatility, a lot
0:21:36 > 0:21:41of challenges, a lot of fights, just like how an aggressive dog would be.
0:21:41 > 0:21:45In the last few weeks we have seen extreme volatility in the stock
0:21:45 > 0:21:49market. Can we expect that to continue?At least for the first
0:21:49 > 0:21:55half of the year.For the global economy, what is the outlook?In the
0:21:55 > 0:22:03year of the dog, the strongest element is wood, so those related
0:22:03 > 0:22:09industries will be the strong as headlines, agriculture, education,
0:22:09 > 0:22:12palm oil and coffee, they are all related to wood. The second element
0:22:12 > 0:22:18is fire, so that as technology, oil and gas, and we are seeing a return
0:22:18 > 0:22:24on that now. That is the peak of fire energy.
0:22:24 > 0:22:34That was Joey Yap on the year of the dog. Happy Chinese New Year!
0:22:34 > 0:22:39We're going to look at some of the tweets coming in with regard to
0:22:39 > 0:22:44Coke, if it is good for you or bad for you, if you are drinking less.
0:22:44 > 0:22:54We gave them a bit of a hammering. Adam says Coke Zero four May, with
0:22:54 > 0:22:58lime, it tricks me into thinking it has sugar, but I don't read that
0:22:58 > 0:23:04often.Another, I have not had fizzy drinks for about ten years. Water,
0:23:04 > 0:23:11coffee or alcohol. Perhaps not the healthiest, but there you go!
0:23:11 > 0:23:15Alcohol with fresh fruit juice seems to justify it.I think the one that
0:23:15 > 0:23:29caught my eye is only tonic in a gin and tonic.Lynne said she stops flu
0:23:29 > 0:23:33stopped smoking and is now addicted to Coca-Cola. Nicholas says tap
0:23:33 > 0:23:41water, black coffee and black tea. Where is the joy in that?We should
0:23:41 > 0:23:49have Alan Haselhurst. He is a Coca-Cola nut.Let's look at some of
0:23:49 > 0:23:55these stories. The household sprays, apparently that is as bad as air
0:23:55 > 0:24:00pollution?Startling story, very interesting. In LA, apparently
0:24:00 > 0:24:05pollutants from household product is a greater source of pollution than
0:24:05 > 0:24:09cars. 42% of emissions are coming from household products, sprays,
0:24:09 > 0:24:12perfume is and the like. The interesting facet of the story is
0:24:12 > 0:24:15that it is bringing more awareness that the things we buy have a
0:24:15 > 0:24:19significant impact on the environment, like water bottles.
0:24:19 > 0:24:22Part of it is that there is a good news element, that emissions from
0:24:22 > 0:24:27petrol and diesel, the improvement is so significant that it is
0:24:27 > 0:24:33bringing it on a park, in terms of these particular emissions. But what
0:24:33 > 0:24:38struck me is that this includes shampoo, products you just think are
0:24:38 > 0:24:43clean and good for you. If we are currently take it seriously we have
0:24:43 > 0:24:46to have a fundamental rethink?These chemicals are designed to evaporate,
0:24:46 > 0:24:52we do not see them. They are designed to go into the environment.
0:24:52 > 0:24:56There are some businesses that just cannot's I mean, hotels, the
0:24:56 > 0:25:02turnaround is they have four rooms, they have no choice but to ask staff
0:25:02 > 0:25:10to use these sprays, bleach, chemicals.That might be a marginal
0:25:10 > 0:25:13case, but everyday household products we can move to
0:25:13 > 0:25:17environmentally friendly versions. This one is on the BBC News business
0:25:17 > 0:25:23page, £10,000 for everyone. Sounds great? Anyone under 55, reports
0:25:23 > 0:25:26suggesting if they introduce this new universal wage to deal with the
0:25:26 > 0:25:31threat to jobs, from automation? Automation is an interesting angle.
0:25:31 > 0:25:38It is for over 55s, the idea of a basic income is attractive to
0:25:38 > 0:25:45economists. How it would be funded is quite difficult. Looking at the
0:25:45 > 0:25:51Norway model, they have a lot of oil receipts, very different from here.
0:25:51 > 0:25:54Attractive for commerce, difficult to abhorrent.And they have a small
0:25:54 > 0:25:58population to deal with, which helps, the Norwegians. Have a lovely
0:25:58 > 0:26:02weekend.And a great weekend to you as well. We will be back soon.
0:26:02 > 0:26:03Goodbye.