0:00:05 > 0:00:09This is Business Live from BBC News, with Sally Bundock and Ben Thompson.
0:00:09 > 0:00:11Tackling the tariffs - carmakers meet in Geneva
0:00:11 > 0:00:14for the world's largest car show, but they face a battle over
0:00:14 > 0:00:19President Trump's promise to impose tough tax on foreign-made cars.
0:00:19 > 0:00:24Live from London, that's our top story on Tuesday 6th March.
0:00:39 > 0:00:43America is the most valuable market for European car exports -
0:00:43 > 0:00:46so how will car markers respond, and does it really help US
0:00:46 > 0:00:50manufacturers as much as President Trump has promised?
0:00:50 > 0:00:52Also in the programme...
0:00:52 > 0:00:54Cut out the calories - food manufacturers, supermarkets
0:00:54 > 0:01:02and fast-food chains are told to cut fat in food or face legal action.
0:01:02 > 0:01:04And from farm to fork.
0:01:09 > 0:01:14-- and financial markets are riding high in Europe following a bumper
0:01:14 > 0:01:16session in Asia. We will explain why.
0:01:16 > 0:01:19And from farm to fork.
0:01:19 > 0:01:21We'll get the inside track on the app that puts farmers
0:01:21 > 0:01:24directly in touch with customers, cutting out the big supermarkets.
0:01:24 > 0:01:26We'll assess what it means for prices and pay for farmers.
0:01:26 > 0:01:29And with that warning to food producers we want to know,
0:01:29 > 0:01:33is the food industry cashing in on sugar-loaded, unhealthy food?
0:01:33 > 0:01:38Let us know, use the hashtag #BBCBizLive.
0:01:46 > 0:01:52Hello and welcome to Business Live.
0:01:52 > 0:01:57Are you a foodie or do you have strong opinions about food? This is
0:01:57 > 0:02:00the programme for you, get in touch with your comments.
0:02:00 > 0:02:02The Geneva Motor Show starts today.
0:02:02 > 0:02:04It's the largest event of its kind in the world,
0:02:04 > 0:02:05bringing together manufacturers and petrol-heads from
0:02:05 > 0:02:08all over the planet.
0:02:08 > 0:02:10But among the glitzy product launches, one topic of conversation
0:02:10 > 0:02:13is likely to dominate - President Trump's threat
0:02:13 > 0:02:21to impose tariffs on imports of European cars to the US.
0:02:21 > 0:02:24So what is at stake for the car industry?
0:02:24 > 0:02:28Well, if we take a look at the current state of play,
0:02:28 > 0:02:31the United States already imposes a 2.5% tariff on cars
0:02:31 > 0:02:39assembled in Europe.
0:02:39 > 0:02:42That is 2.5%.
0:02:42 > 0:02:52Meanwhile Europe imposes a higher 10% tariff on US-built cars.
0:02:53 > 0:02:55Cars which are then brought into Europe.
0:02:55 > 0:02:58But many German firms - like Daimler, BMW and VW -
0:02:58 > 0:03:02already build many of their vehicles at plants within the United States.
0:03:02 > 0:03:04In fact, Germany's car body, the VDA, said their factories
0:03:04 > 0:03:09in the US made 804,000 units last year - way more than the 494,000
0:03:09 > 0:03:19exported from Germany.
0:03:20 > 0:03:26Quite interesting when you look at the facts. Over to you, Ben.
0:03:26 > 0:03:30Andrew Walker is with me now.
0:03:30 > 0:03:35He is our economic correspondent. You start getting into tit-for-tat,
0:03:35 > 0:03:40you impose this, we will impose this. When we talk about tariffs,
0:03:40 > 0:03:45though, people will say it is bad for business?Of course, it makes it
0:03:45 > 0:03:48more expensive for people buying the stuff that is imported and means a
0:03:48 > 0:03:58lower pre-term for the exporter in the foreign country. The real
0:03:58 > 0:04:02economic burden does not depend on where you collected from, it is
0:04:02 > 0:04:06divided between buyer and seller in that way. There is no question that
0:04:06 > 0:04:11ultimately if you were to see a sufficiently large escalation in
0:04:11 > 0:04:15tariffs, you could see quite significant macro economic damage
0:04:15 > 0:04:19done around the world. We are not there yet, but clearly the worries
0:04:19 > 0:04:27about that are in play at the moment. We have a system of rules
0:04:27 > 0:04:32for managing international trade, policed by the World Trade
0:04:32 > 0:04:36Organisation, and the forces that brought as the WTA in the first
0:04:36 > 0:04:40place, going back to the aftermath of the Second World War, they were a
0:04:40 > 0:04:45desire to avoid the tariff escalation we saw during the 1930s.
0:04:45 > 0:04:49The potential costs, if it seriously got out of hand, are very high, but
0:04:49 > 0:04:55we have not got there yet.Despite that, President Trump says it is, in
0:04:55 > 0:05:02his words, putting America first and protecting jobs in the United
0:05:02 > 0:05:05States. Some would say is that a price worth paying, it helps protect
0:05:05 > 0:05:12jobs in America?When you impose a tariff on one thing going into the
0:05:12 > 0:05:16United States, you are raising costs for everybody who buys that stuff.
0:05:16 > 0:05:21It means the domestic producers can raise their prices so if we are
0:05:21 > 0:05:27talking about steel and aluminium, car-makers will have to pay more for
0:05:27 > 0:05:30their steel and aluminium raw materials, whether they are buying
0:05:30 > 0:05:34from American suppliers or importing it. You might be able to save jobs
0:05:34 > 0:05:38in one area but there are significant risks you will leave
0:05:38 > 0:05:43jobs -- lose jobs in other areas. What does this tell us about the
0:05:43 > 0:05:47nature of the business in the United States and firms that want to do
0:05:47 > 0:05:53business with the US?Many of the big manufacturers are very much
0:05:53 > 0:05:57international businesses and it is fair to say that some of them
0:05:57 > 0:06:04clearly get benefit from terrorist protection. The big industrial
0:06:04 > 0:06:11players are increasingly keen on Terror free trade. So many have
0:06:11 > 0:06:15international interests, production operations abroad, and they are
0:06:15 > 0:06:22likely to move their goods easily and cheaply across borders.Good to
0:06:22 > 0:06:27see you, thanks for that, Andrew water. -- Andrew Walker.
0:06:27 > 0:06:31Let's take a look at some of the other stories making the news.
0:06:31 > 0:06:32Facebook has hired the former head of BuzzFeed Studios
0:06:32 > 0:06:34and a former Pinterest boss to join its video team.
0:06:34 > 0:06:37The firm says Matthew Henick will lead its global video strategy.
0:06:37 > 0:06:39While Mike Bidgoli, who managed Pinterest's ads, will lead
0:06:39 > 0:06:47Facebook's Watch product team.
0:06:47 > 0:06:50In the UK, concerns over Brexit - and the fear it will make
0:06:50 > 0:06:52Brits less well off - has dampened household spending.
0:06:52 > 0:06:54According to Barclaycard, annual consumption growth slowed
0:06:54 > 0:06:55from January as spending in supermarkets eased.
0:06:55 > 0:06:57Separately the British Retail Consortium said that sales
0:06:57 > 0:07:03of non-food items also fell over the quarter.
0:07:03 > 0:07:06The Chinese messaging app - WeChat - has hit one billion monthly
0:07:06 > 0:07:09users for the first time.
0:07:09 > 0:07:12The vast majority of its users are based in China, where the recent
0:07:12 > 0:07:16Lunar New Year tipped usage past the milestone.
0:07:16 > 0:07:19But it still lags behind WhatsApp - which is owned by Facebook -
0:07:19 > 0:07:26which has around 1.5 billion monthly users.
0:07:26 > 0:07:36And they are across the world, of course.
0:07:36 > 0:07:40As we have already mentioned, a top health official is recommending the
0:07:40 > 0:07:45diets that Brits should be on. Apparently we all need to go on a
0:07:45 > 0:07:49diet to ward against the problem of obesity. Also there is a real finger
0:07:49 > 0:07:54being worked at the food industry in general. That is about what is on
0:07:54 > 0:07:58offer in the supermarkets at what cost, the fact that lots of the
0:07:58 > 0:08:03cheap food on sale, which many are opting for right now, is actually
0:08:03 > 0:08:08full of sugar and calories. We want all your views on this,
0:08:08 > 0:08:12#BBCBizLive. Ben? Sorry, you just called me
0:08:12 > 0:08:18talking to the director. I thought you were talking to me!
0:08:18 > 0:08:24Another story I would like to flag up, Lego, this is a favourite in
0:08:24 > 0:08:27your household, Sally, Lego posting its first annual fall in sales for
0:08:27 > 0:08:3213 years.Despite my efforts.Sally gets through a lot of like the
0:08:32 > 0:08:37latter with three boys. Sales were down 8% to $4.2 billion.
0:08:37 > 0:08:47Profits were down 18%. Lego posting its first annual fall in sales in 13
0:08:47 > 0:08:54years.That is not one that I'd built. That is not one of my photos.
0:08:54 > 0:09:04The Lego is all in my Hoover or my dog's mouth.
0:09:04 > 0:09:07The Chief Executive of Japanese steel giant Kobe Steel has stepped
0:09:07 > 0:09:09down after an investigation found "inappropriate corporate behaviour".
0:09:09 > 0:09:13The company recently admitted falsifying key quality control data.
0:09:13 > 0:09:20Karishma Vaswani has details, she's in our Asia Business Hub.
0:09:20 > 0:09:24We know this scandal hits all the headlines, this is the fallout of it
0:09:24 > 0:09:29and you get a sense of how far around the world it was felt, that
0:09:29 > 0:09:33Steele is used a lot of manufacturing?Absolutely. The
0:09:33 > 0:09:39clients that Kobe steel had numbered from train manufacturers,
0:09:39 > 0:09:45car-makers, aircraft makers. You name it, they were supplying steel.
0:09:45 > 0:09:48In the mammoth report that has come out today into the investigation
0:09:48 > 0:09:54into actually what went wrong at Kobe steel, the company says out of
0:09:54 > 0:09:59the 688 or so incidents of misconduct, as it called Sid, at
0:09:59 > 0:10:05least 90% of these cases have been cleared of safety issues. --
0:10:05 > 0:10:09misconduct, as it called it. When the scandal broke it went the heart
0:10:09 > 0:10:13of what was wrong with corporate Japan. This investigation has found
0:10:13 > 0:10:18that some of the staff safety inspection data so it appeared the
0:10:18 > 0:10:22products they were sending into the WorldCom plied with what their
0:10:22 > 0:10:28clients wanted, and basically they were lying to clients. Apart from
0:10:28 > 0:10:32removing the CEO from his position, the company says it will address
0:10:32 > 0:10:35some of these corporate culture issues which they hope will rectify
0:10:35 > 0:10:41some of the problems at the firm. Thank you very much indeed. An
0:10:41 > 0:10:45interesting story about Kobe Steel, that news was quite shocking when it
0:10:45 > 0:10:51across the wires.
0:10:51 > 0:10:56Let's show you the markets. What a different picture in Asia compared
0:10:56 > 0:11:00to this time yesterday. Japan closing up 1.5%. I would like to
0:11:00 > 0:11:05quote a US traders saying the positive story today is the lack of
0:11:05 > 0:11:09anything bad happening. That is the general feeling. People are brushing
0:11:09 > 0:11:12off the fears we saw yesterday about possible trade was an turrets.
0:11:12 > 0:11:20Investors leave President shrimp is blustering and it will not become a
0:11:20 > 0:11:25reality -- investors believe. Let's look at Europe, Europe closed on
0:11:25 > 0:11:34Monday hair. It was not like Asia on Monday. Strong gains right across
0:11:34 > 0:11:37the board. We will dig deeper in just a moment, but let's hear from
0:11:37 > 0:11:44Joe Mellor in New York with what is ahead on Wall Street.
0:11:44 > 0:11:47After another bumpy day on the stock markets there is little doubt
0:11:47 > 0:11:51investors will be on tenterhooks for the latest indication on whether the
0:11:51 > 0:11:56US is about to start a trade war and, if so, with soon -- with whom.
0:11:56 > 0:12:01There is plenty of the news to grapple with. In a big week the
0:12:01 > 0:12:07retail stocks, one of the biggest, retail chain target, reports on
0:12:07 > 0:12:12Tuesday. Its revenue are reported to have increased due to a particularly
0:12:12 > 0:12:16strong retail shopping season. Investors also want to hear news and
0:12:16 > 0:12:21how online businesses bearing against the Bailey Mes that is
0:12:21 > 0:12:26Amazon. The latest factory orders data is released on Tuesday morning,
0:12:26 > 0:12:31expected to show orders rose by 1.3% in January.
0:12:31 > 0:12:33Joining us is Nandini Ramakrishnan, global market strategist at
0:12:33 > 0:12:37JP Morgan Asset Management.
0:12:37 > 0:12:43Good morning. Let's start with some of the political stuff. At the start
0:12:43 > 0:12:46of the programme we mentioned President Trump and turrets, lots of
0:12:46 > 0:12:49uncertainty in Europe with the elections questionably got over the
0:12:49 > 0:12:54weekend there was the big general election in Italy, it happened on
0:12:54 > 0:12:59Sunday. We also had the results of the German coalition discussions.
0:12:59 > 0:13:03Two parties finally decided on the agenda and that they would work
0:13:03 > 0:13:07together for the next several years in Germany. Lots to wake up to one
0:13:07 > 0:13:13Monday morning. A bit of uneasiness. If we had to characterise the two
0:13:13 > 0:13:17results, the German sense of stability, patching together two big
0:13:17 > 0:13:22parties, a pro-Europe stance is very important. A bit of the opposite in
0:13:22 > 0:13:27Italy. A couple of the parties that received the most votes are some of
0:13:27 > 0:13:29the more antiestablishment parties, once interested in thinking about
0:13:29 > 0:13:33Italy leaving the euro zone or shaking up markets and economic is a
0:13:33 > 0:13:39bit more.There is a European Central Bank meeting this week?The
0:13:39 > 0:13:44European Central Bank has for the past several years then a huge job
0:13:44 > 0:13:48of getting interest rates very low, trying to get growth and being quite
0:13:48 > 0:13:51successful. We will have to see what they do in terms of winding down
0:13:51 > 0:13:56their big programmes and what they will forecast for growth.The
0:13:56 > 0:14:03markets shrugging off any concern about a terrorist war, Trump's
0:14:03 > 0:14:07tariff plans. Interesting that the Speaker of the House of
0:14:07 > 0:14:11Representatives said he was very concerned, the Republican leader, he
0:14:11 > 0:14:15does not want to see any of this going ahead. -- shrugging off
0:14:15 > 0:14:25concerns about a tarriff war. Opening into today's markets we saw
0:14:25 > 0:14:28that markets were stepping up, realising what has to happen before
0:14:28 > 0:14:33the implementation of this. Quite drastic, but an important tax tariff
0:14:33 > 0:14:37plan. If that happens there will be effects, but it is far from being
0:14:37 > 0:14:40implemented immediately, which is why markets might be taking a step
0:14:40 > 0:14:46back and regaining some fitting. Thank you, for now. Nandini will be
0:14:46 > 0:14:51back to look at some of the newspaper stories, including apple's
0:14:51 > 0:15:01new headquarters
0:15:02 > 0:15:05in San Francisco, $5 billion worth of lots of reports of people walking
0:15:05 > 0:15:08into glass-walled. A bit too trendy for its own good. I have done that
0:15:08 > 0:15:11in this building. They have had to put etching on the glass so you can
0:15:11 > 0:15:11see it.
0:15:11 > 0:15:12Still to come...
0:15:12 > 0:15:13From farm to fork.
0:15:13 > 0:15:16We'll get the inside track on the app that puts farmers
0:15:16 > 0:15:18in touch with customers - cutting out the big
0:15:18 > 0:15:19supermarkets and their profits.
0:15:19 > 0:15:29You're with Business Live from BBC News.
0:15:29 > 0:15:31There is Live from BBC News.
0:15:31 > 0:15:31There is definitely Live from BBC News.
0:15:31 > 0:15:31There is definitely a Live from BBC News.
0:15:31 > 0:15:31There is definitely a food Live from BBC News.
0:15:31 > 0:15:31There is definitely a food theme Live from BBC News.
0:15:31 > 0:15:37There is definitely a food theme today.
0:15:37 > 0:15:39The online takeaway firm Just Eat has reported a pre-tax loss
0:15:39 > 0:15:42of £76 million for last year - that's compared to £91
0:15:42 > 0:15:43million the year before.
0:15:43 > 0:15:46But the firm says orders are up 26% over the period to 172 million.
0:15:46 > 0:15:48Laith Khalaf is senior analyst at Hargreaves Lansdown.
0:15:48 > 0:15:52He joins us from Bristol.
0:15:52 > 0:15:57Good morning. What do you make of the figures?It is a bit of a blip
0:15:57 > 0:16:04in an upward trajectory for Just Eat, on a charge of late, increasing
0:16:04 > 0:16:08orders, increasing revenues very strongly. What is happening it is
0:16:08 > 0:16:11being dragged into the delivery market. Until now, the business
0:16:11 > 0:16:18model has been very cosy, it has just provided a website, and app,
0:16:18 > 0:16:21connecting restaurants with their customers. But it is now getting
0:16:21 > 0:16:26into bed with some of the big chains like Burger King and Kentucky fried
0:16:26 > 0:16:32chicken and they want delivery as well. That is going to be soaking up
0:16:32 > 0:16:36some investment from Just Eat. That might be impacting on profit margins
0:16:36 > 0:16:39so we have seen a big fall in the share price this morning.What
0:16:39 > 0:16:49impact is Just Eat having an eating at industry? Are they getting into
0:16:49 > 0:16:52bed with Burger King and others because Burger King thought they
0:16:52 > 0:16:57would eat into their market?Yeah, they have got to get into the
0:16:57 > 0:17:00delivery market which is growing very strongly. There is a whole
0:17:00 > 0:17:04piece about what technology is doing to consumer behaviour. We have seen
0:17:04 > 0:17:09it on the high street. We have seen declining footfall on the high
0:17:09 > 0:17:14street because people are shopping online. People are also staying at
0:17:14 > 0:17:20home watching television, Amazon Video, it all impacts on the
0:17:20 > 0:17:25businesses and particularly Just Eat which has been a winner until now
0:17:25 > 0:17:30from that trend, but if we are looking at today's results, they are
0:17:30 > 0:17:33finally going to have to roll up their sleeves and get their hands
0:17:33 > 0:17:38more dirty than they have until now. Thank you for your analysis. That is
0:17:38 > 0:17:42in line with this whole discussion about food, what we are eating, the
0:17:42 > 0:17:49fact we are getting larger. Doing less exercise. And who is
0:17:49 > 0:17:54responsible. 16 MPs have written to the Business Secretary, Greg Clark,
0:17:54 > 0:18:07opposing the takeover we have talked about, GKN Cabinet Aerospace.
0:18:07 > 0:18:09Details on the Business Lives page.
0:18:09 > 0:18:10You're watching Business Live.
0:18:10 > 0:18:11Our top story...
0:18:11 > 0:18:13Carmakers meet in Geneva for the world's largest car show,
0:18:13 > 0:18:16but they're debating what to do about President Trump's threat
0:18:16 > 0:18:23to impose tariffs on imports of European cars to the US.
0:18:23 > 0:18:27We will keep a close eye on that. This is what the markets are doing
0:18:27 > 0:18:34in Europe. Sally touched on it, some others suggesting the lack of
0:18:34 > 0:18:38anything bad is keeping markets afloat which is probably not a great
0:18:38 > 0:18:45basis to be trading on... Not a huge amount moving at the moment. We will
0:18:45 > 0:18:48hear from the European Central Bank later in the week and a lot of
0:18:48 > 0:18:52nervousness around the jobs figures and inflation in the US that caused
0:18:52 > 0:18:54the volatility of late.
0:18:54 > 0:18:57Now, it's often known as farm to fork - cutting out supermarkets
0:18:57 > 0:18:59and food retailers to let farmers sell directly to consumers.
0:18:59 > 0:19:01But is it as simple as it sounds?
0:19:01 > 0:19:04In the UK, the six biggest supermarkets control almost 83%
0:19:04 > 0:19:07of the grocery market.
0:19:07 > 0:19:11That buying power means supermarkets sell milk, for example,
0:19:11 > 0:19:16for around 45% more than they pay the dairy farmer who produced it.
0:19:16 > 0:19:20And that's had a big impact on the industry.
0:19:20 > 0:19:27Farmers are facing soaring levels of debt - up 57% since 2010 -
0:19:27 > 0:19:30and one in ten dairy farms has recently gone out of business.
0:19:30 > 0:19:34By putting farmers in direct touch with consumers,
0:19:34 > 0:19:37Farmdrop is hoping it can cut out the middleman and help
0:19:37 > 0:19:39farmers and shoppers.
0:19:39 > 0:19:44Joining us is Farmdrop's co-founder, Ben Pugh.
0:19:44 > 0:19:49Good morning. Welcome to the programme. Explain how this works,
0:19:49 > 0:19:54what is it you do?I thought that statistic was really interesting,
0:19:54 > 0:19:5945% of the retail price of a pint of milk goes to the dairy and that is a
0:19:59 > 0:20:03really big problem and at Farmdrop we are saying we need to close the
0:20:03 > 0:20:09gap between the retail price that the customer pays and what the dairy
0:20:09 > 0:20:15or Baker or organic vegetable grower retains. At Farmdrop, the dairy or
0:20:15 > 0:20:19baker get more like 70% of the retail price and the whole thing is
0:20:19 > 0:20:25about efficiency with mobile technology. As a customer, you go on
0:20:25 > 0:20:28and
0:20:28 > 0:20:31order from over 200 producers and they get the orders directly and we
0:20:31 > 0:20:36deliver the food in one nice big green box we take back the next day.
0:20:36 > 0:20:42It sounds idyllic but it sounds expensive. Could be convenient.
0:20:42 > 0:20:46Maybe not, depending on how long it takes.On the convenience, if you
0:20:46 > 0:20:51order before noon, you would get your delivery the following
0:20:51 > 0:20:54afternoon. We think that is very convenient and that is comparing to
0:20:54 > 0:21:00people like Tesco, Sainsbury's. One hour time slot which is important as
0:21:00 > 0:21:06well. No point in trying to fight the tide of convenience. In terms of
0:21:06 > 0:21:10pricing, our view is that by being so efficient, we can be the lowest
0:21:10 > 0:21:14price access to this kind of amazing independent locally produced food.
0:21:14 > 0:21:27You would be cheaper than an Ocado livery?We are 5% more. Our
0:21:27 > 0:21:33customers tell us our spinach is 20 times more delicious. -- Ocado
0:21:33 > 0:21:38delivery. It is so much fresher, it has come from close by, and that is
0:21:38 > 0:21:43one of the things that has helped the company grow tenfold.I am not
0:21:43 > 0:21:48going to ask you how you measure 20 times more delicious! The
0:21:48 > 0:21:52supermarkets say they put the margins on it because they have big
0:21:52 > 0:21:56stores, we pay for the convenience, I can nip in on the way home because
0:21:56 > 0:22:00I do not know what I am going to have for dinner tonight. If I order
0:22:00 > 0:22:04your box, I have to plan. Otherwise I just pop in on the way home and
0:22:04 > 0:22:11pick up something.It is a fair point that for the segment of
0:22:11 > 0:22:15shoppers and when I was in my 20s, it would not have occurred to me to
0:22:15 > 0:22:20have done online home food delivery because I was out most of the time,
0:22:20 > 0:22:25and now I have two small children, I will put my order in this morning,
0:22:25 > 0:22:28it will all arrive tomorrow afternoon, not a huge amount of
0:22:28 > 0:22:33planning in place. The value is I know I am supporting local
0:22:33 > 0:22:36producers, getting really amazing quality food, healthy food. I and I
0:22:36 > 0:22:40am not paying very much.Is the market solid enough for you as a
0:22:40 > 0:22:46company, given the economic environment? We are spending less on
0:22:46 > 0:22:49the supermarkets because we are concerned about the outlook.There
0:22:49 > 0:22:56are real issues. Certainly, I am not an expert on those on the economy.
0:22:56 > 0:23:00But I can tell you every day more and more people are waking up and
0:23:00 > 0:23:04having a better understanding about what food quality really means, not
0:23:04 > 0:23:08all calories are created equal, so if I do spend 5p more on an amazing
0:23:08 > 0:23:15fresh bag spinach, I'm going to be better off, it is a worthwhile
0:23:15 > 0:23:18investment, and that group of people is growing very fast at the moment.
0:23:18 > 0:23:24If you can make spinach 20 times more tasty and nicer, I will order.
0:23:24 > 0:23:28I accept your challenge!Really good to see you, thank you very much.
0:23:28 > 0:23:35Maybe that will be an online offering on the Business Live page,
0:23:35 > 0:23:42spinach tasting challenge with the two Bens. Stay up-to-date with the
0:23:42 > 0:23:48business news as it happens on the BBC's Business Live page. Insight
0:23:48 > 0:23:51and analysis from our team of editors around the globe. We want to
0:23:51 > 0:23:58hear from you. Get involved on the BBC's Business Live web page. And on
0:23:58 > 0:24:07Twitter... You can find us on Facebook. Business Live on TV and
0:24:07 > 0:24:14online. What you need to know when you need to know. There you have it.
0:24:14 > 0:24:17Let's take you to some of the stories the papers are looking at,
0:24:17 > 0:24:21including this one on the BBC business website. Britain needs to
0:24:21 > 0:24:24go on the diet, interesting because it is talking about who was
0:24:24 > 0:24:29responsible for the obesity crisis, the manufacturers putting too much
0:24:29 > 0:24:35sugar and fat end? Is it the retailers selling it cheaply? Or are
0:24:35 > 0:24:41we responsible because we are not eating properly? You do not need to
0:24:41 > 0:24:46see that in every angle. Interesting one as far as business is concerned,
0:24:46 > 0:24:51they are in it to make money, if we do not want to eat it, we should not
0:24:51 > 0:24:54buy it?Exactly. But looking from the health perspective, it is
0:24:54 > 0:24:59important how broader health issues like obesity cost the NHS and people
0:24:59 > 0:25:05in terms of days on their lives. It is quite an extensive list of
0:25:05 > 0:25:13products and the classic culprits, pizza, meat, interesting ones about
0:25:13 > 0:25:19dressings, sauces, trying to cut the calories.One of my favourite
0:25:19 > 0:25:23things!Sad reading each item on the list.We have heard from so many of
0:25:23 > 0:25:28you, thank you. John, people are not done, you cannot blame food for
0:25:28 > 0:25:33making a person fact, it is up to human beings to look after
0:25:33 > 0:25:37ourselves. Another one says, surely everyone knows what is good and bad,
0:25:37 > 0:25:43will informing us do more? Another one suggesting the cost of the NHS.
0:25:43 > 0:25:50Barry says, I would rather not worry about my weight, Aunt Sally. OK,
0:25:50 > 0:25:58don't! We are out of time. That is Business Live. Bye-bye.