Browse content similar to 11/07/2017. Check below for episodes and series from the same categories and more!
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Now it's time for World Business Report. | :00:00. | :00:18. | |
A major review published in the UK today says workers need more rights | :00:19. | :00:30. | |
and everyone involved needs to pay more tax. | :00:31. | :00:32. | |
And cleaning up Russia's nuclear mess. | :00:33. | :00:34. | |
We visit an old navy base thought to be one of the most toxic sites | :00:35. | :00:38. | |
in the whole of the country - now getting a facelift. | :00:39. | :00:41. | |
The world of work is changing, but are employment and tax | :00:42. | :00:51. | |
Here in the UK, a government review is calling for workers | :00:52. | :01:06. | |
in the so called gig economy to get new rights. | :01:07. | :01:09. | |
These are people using technology to take short term jobs such | :01:10. | :01:12. | |
This type of companies offer flexibility over hours, | :01:13. | :01:16. | |
but often with lower pay and poorer conditions. | :01:17. | :01:18. | |
The Taylor Review says there should be a new category of worker called | :01:19. | :01:21. | |
They would get benefits such as some form of minimum wage and sick pay. | :01:22. | :01:36. | |
This is relevant to more and more people around the world. | :01:37. | :01:39. | |
McKinsey found that across the EU and US 20 to 30% of people | :01:40. | :01:42. | |
That's as many as 162 million people worldwide. | :01:43. | :01:46. | |
For about 44% of them, it's their primary source of income | :01:47. | :01:49. | |
- so the rights they get make a big difference. | :01:50. | :01:52. | |
The European Union is currently looking at how it can make sure gig | :01:53. | :01:55. | |
economy workers can get similar social protections, | :01:56. | :01:58. | |
such as out of work benefits and employment services, | :01:59. | :02:01. | |
as those in traditional jobs. | :02:02. | :02:06. | |
In the world's biggest economy, the US, two Senators have proposed | :02:07. | :02:09. | |
portable benefits including paid leave, training and unemployment | :02:10. | :02:11. | |
insurance that move with individuals across different jobs. | :02:12. | :02:13. | |
The report's author, Martin Taylor, told us some of the aims behind | :02:14. | :02:17. | |
In my view, there is too much work at the bottom end of the Labour | :02:18. | :02:23. | |
market. There are people who are not having their right to -- rights | :02:24. | :02:30. | |
fully respected. There are too many people who don't see a route from | :02:31. | :02:34. | |
their current job to progress, earned more and do better. -- earn. | :02:35. | :02:40. | |
Our report will start that process, but all of us in society, employers, | :02:41. | :02:47. | |
customers, play a role in getting better laws for everybody. | :02:48. | :02:48. | |
With me is Nigel Mackay, Employment Law Specialist | :02:49. | :02:51. | |
It is no surprise that report has come out, we have had a number of | :02:52. | :03:02. | |
court cases here in the UK that have established that these people are | :03:03. | :03:10. | |
legal workers and deserve rights. Would you go further? Yes, we have | :03:11. | :03:17. | |
talked about introducing this new category of independent contractors. | :03:18. | :03:21. | |
However, we already have a category of workers. They are entitled to | :03:22. | :03:26. | |
rights. In some ways it is disappointing that they have not | :03:27. | :03:30. | |
gone any further than that in terms of introducing new protections. What | :03:31. | :03:35. | |
does it actually mean? It doesn't mean much different to what we've | :03:36. | :03:40. | |
already got. It is a sort of intermediate category. At the top | :03:41. | :03:49. | |
are employees with the most rights, then at the bottom you have contract | :03:50. | :03:52. | |
is with no rights. They are saying you will have a new category of | :03:53. | :03:57. | |
contract is with the same rights that workers have, such as holiday | :03:58. | :04:02. | |
pay and minimum wage. If workers have those rights, if employers have | :04:03. | :04:07. | |
to give them those rights and make more tax payments, what is the | :04:08. | :04:13. | |
appeal left for employers? You have to look at the wider economy. Other | :04:14. | :04:23. | |
employers have to work with the law, paid minimum wage, there is no | :04:24. | :04:28. | |
reason why new technology companies operating in the gig economy should | :04:29. | :04:32. | |
not do the same. I think it is right that there is a level playing field | :04:33. | :04:38. | |
for all companies. The tax is not just about getting employers to pay | :04:39. | :04:42. | |
more tax, they have also discussed cash in hand jobs such as window | :04:43. | :04:47. | |
cleaning, where they have said we should all be paying more tax? Yes, | :04:48. | :04:55. | |
it is right so that everybody should pay tax no matter what they do. If | :04:56. | :05:01. | |
you are letting people not pay tax, then, that would not be right. We | :05:02. | :05:11. | |
talked about the gig economy as a global phenomenon. It is happening | :05:12. | :05:15. | |
all around the world. It is becoming more common as a way of working. Do | :05:16. | :05:20. | |
you think other countries are going to look at this review and take some | :05:21. | :05:25. | |
pointers? I think they will be. We act for individuals working in the | :05:26. | :05:33. | |
gig economy, we spoke to lawyers in the US and other areas as well. They | :05:34. | :05:37. | |
have experienced the same problems, being paid less than minimum wage. | :05:38. | :05:43. | |
Governments will be looking at how to improve the situation, yes. Thank | :05:44. | :05:46. | |
you very much for your time. One of Russia's biggest Cold War | :05:47. | :05:47. | |
naval bases is still running up big bills - but not just | :05:48. | :05:51. | |
for the government in Moscow. Western nations are giving Russia | :05:52. | :05:55. | |
more than $100 million to clean up what is regarded as one of the most | :05:56. | :05:58. | |
toxic sites in the huge country. The European Bank of Reconstruction | :05:59. | :06:05. | |
and Development, which is behind the scheme, says it's a price worth | :06:06. | :06:08. | |
paying to prevent the facility in Andreyeva Bay turning | :06:09. | :06:11. | |
into another nuclear disaster. When you look at this kind of | :06:12. | :07:24. | |
investment, you have to compare them with the scale of disaster that a | :07:25. | :07:29. | |
nuclear accident can create. We have unfortunately seen that. We have | :07:30. | :07:35. | |
seen that fate. Shares of Snap have fallen | :07:36. | :07:38. | |
below its initial public offering The company, which owns popular | :07:39. | :07:50. | |
messaging app Snapchat, Snap shares have been under pressure | :07:51. | :07:56. | |
recently as investors doubt whether the social media company can | :07:57. | :08:00. | |
stay popular and fend off competition from tech | :08:01. | :08:03. | |
rivals like Facebook. Australian Prime Minister Malcolm | :08:04. | :08:09. | |
Turnbull is certainly At a joint press conference | :08:10. | :08:12. | |
in Downing Street with his UK counterpart, he announced Australia | :08:13. | :08:16. | |
is ready to negotiate a free trade deal with Britain as soon | :08:17. | :08:19. | |
as that is possible. Trade between the two countries | :08:20. | :08:21. | |
is worth around $27 billion. India's highest court will look | :08:22. | :08:27. | |
at the government's recent decision to ban the sale of cattle for | :08:28. | :08:30. | |
slaughter, through animal markets. The country's leather and beef | :08:31. | :08:33. | |
export industry says the government's move violates | :08:34. | :08:35. | |
the right to free trade. It's a case that could affect | :08:36. | :08:38. | |
the livelihoods of more than 20 million workers across | :08:39. | :08:41. | |
the meat industry Taking a quick look at what the | :08:42. | :08:56. | |
markets have in Optum. -- been up to. A lot of traders are waiting for | :08:57. | :09:03. | |
the US reporting season to kick off this week. We have figures coming | :09:04. | :09:09. | |
out from all of the big names. We will wait and see what is happening | :09:10. | :09:18. | |
with those companies. Oil is just 0.4, despite the fact we are getting | :09:19. | :09:22. | |
increased production in the US. There is a bit of chat about | :09:23. | :09:26. | |
production cuts in Libya and Nigeria. That may be helping the | :09:27. | :09:34. | |
idea that demand could come to meet overproduction. You can see how the | :09:35. | :09:37. | |
American markets closed yesterday. They will also be waiting for the | :09:38. | :09:42. | |
earnings figures coming out in the US this week. Once they come out, we | :09:43. | :09:47. | |
should see a bit more action. Not a lot going on right now. | :09:48. | :09:49. | |
Don't forget you can get in touch with me and some of the team | :09:50. | :09:52. | |
Plans to double the number of people who can speak the Welsh language | :09:53. | :10:03. | |
are being outlined by the government in Wales. | :10:04. | :10:05. | |
The latest census in 2011 shows the number of people who can speak | :10:06. | :10:08. | |
Welsh has fallen to fewer than a fifth. | :10:09. | :10:11. |