Browse content similar to 07/05/2014. Check below for episodes and series from the same categories and more!
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locating the schoolgirls kidnapped by Boko Haram, but now on BBC | :00:00. | :00:18. | |
Good evening. There was more evidence today of the | :00:19. | :00:22. | |
increased investment in the capital's economy from overseas. | :00:23. | :00:26. | |
London Partners, the body which promotes the capital, says ?3 | :00:27. | :00:29. | |
billion of funding from Asia was announced this year, including | :00:30. | :00:31. | |
record investments in technology companies. Whilst the money is | :00:32. | :00:33. | |
creating new jobs some economists are concerned it's also fuelling | :00:34. | :00:36. | |
London's housing crisis and hitting manufacturers. Alex Bushill reports. | :00:37. | :00:43. | |
Forget the global Village, London is the global city if the billions of | :00:44. | :00:47. | |
foreign currency flowing in are to be believed. The biggest single | :00:48. | :00:52. | |
winner ` technology start`ups. Christian is part of that | :00:53. | :00:55. | |
phenomenon. He's moved the HQ of his ticketing company from his hometown | :00:56. | :00:59. | |
of Copenhagen to London. We believe London is the most interesting | :01:00. | :01:02. | |
market and we believe London is a hop for a lot of people in Europe. | :01:03. | :01:08. | |
So if we get access to the interesting people here, they will | :01:09. | :01:11. | |
take it to their own countries when they go back. That's why it in the | :01:12. | :01:14. | |
last financial year 260 foreign companies have set up shop in | :01:15. | :01:17. | |
London. That a 16% increase on last year. The figures include a record | :01:18. | :01:20. | |
number of tech companies ` 90 new firms this year. It's though in all | :01:21. | :01:27. | |
this will create more than 4400 jobs in their first year. So is this good | :01:28. | :01:31. | |
news pure and simple? Not necessarily, as these two economists | :01:32. | :01:33. | |
explained over a cuppa in the heart of Tech City. The problem that | :01:34. | :01:38. | |
everyone in London is this creates extra pressure on things like | :01:39. | :01:41. | |
housing in particular. You are creating new jobs here but not | :01:42. | :01:45. | |
necessarily creating new housing supply to meet them. And that has | :01:46. | :01:47. | |
immediate consequences for affordability of houses, of course. | :01:48. | :01:50. | |
It's fantastic news when there's investment in the capital. You just | :01:51. | :01:53. | |
have to be conscious of the fact the Holy Grail for the economy is | :01:54. | :01:56. | |
balanced growth, so capital flows coming into one region do have an | :01:57. | :01:59. | |
impact on the currency. Of course, that's having a negative impact on | :02:00. | :02:03. | |
the manufacturing sector which has to struggle against this strong | :02:04. | :02:05. | |
pound that we are enjoying at the moment. For London though, it means | :02:06. | :02:13. | |
big regeneration projects as well with Chinese money flowing in as | :02:14. | :02:19. | |
never before. So for example, ?700 million on the one Nine Elms | :02:20. | :02:21. | |
development and a billion each regenerating the Royal Albert and | :02:22. | :02:23. | |
Deptford Docks. Should we be demanding more from these foreign | :02:24. | :02:29. | |
developers? More investment in local infrastructure or affordable | :02:30. | :02:33. | |
housing? Not according to London Partners whose job is to bring them | :02:34. | :02:37. | |
here in the first place. This is a very competitive market. These | :02:38. | :02:39. | |
investors are looking elsewhere throughout the world, so it's very | :02:40. | :02:41. | |
competitive with other locations, other cities. And quite frankly, | :02:42. | :02:44. | |
they could go elsewhere and look at investment so they've got to see a | :02:45. | :02:53. | |
return on that investment. So the smart money, the dollars, the Euros | :02:54. | :02:57. | |
are heading our way. The question is for how long and how can we make | :02:58. | :03:05. | |
sure it stays? And we can join Tarah Welsh who's in | :03:06. | :03:11. | |
central London. We've heard much about foreign investment in London's | :03:12. | :03:13. | |
property market ` but this suggests it's wider than that? | :03:14. | :03:17. | |
According to this report, the money is coming in two ways, into the | :03:18. | :03:23. | |
smaller technology firms and those larger infrastructure projects. | :03:24. | :03:28. | |
Tomorrow, a reminder of the impact of this investment. The Bank of | :03:29. | :03:35. | |
England will make its latest announcement on interest rates. And | :03:36. | :03:39. | |
there have been plenty of people saying the bank needs to take action | :03:40. | :03:43. | |
to keep the London housing market under control ` namely raising | :03:44. | :03:47. | |
interest rates. Now there's no suggestion that our mortgage | :03:48. | :03:49. | |
repayments will be going up after tomorrow's announcement. But it | :03:50. | :03:53. | |
serves as a warning ` an economy can't grow with no investment but | :03:54. | :03:56. | |
too much investment creates its problems too. | :03:57. | :04:05. | |
The mother of a teenager with Down's Syndrome is lodging a formal | :04:06. | :04:08. | |
complaint against the Metropolitan Police after her son was held for | :04:09. | :04:11. | |
nine hours. He climbed through the window of his school in Tottenham to | :04:12. | :04:14. | |
retrieve a baseball cap. Police insist they treated the 19`year`old | :04:15. | :04:16. | |
appropriately as a vulnerable adult. Sonja Jessup has the story. | :04:17. | :04:25. | |
Here, and my leg here, it hurts. Abdul says his arm is still hurting | :04:26. | :04:32. | |
after being handcuffed by police. It's ridiculous. He has Down's | :04:33. | :04:39. | |
Syndrome and yet you handcuffed him and bruised his arms. I think it's | :04:40. | :04:43. | |
ridiculous. He has Down's syndrome, you can see that. His family says | :04:44. | :04:47. | |
Abdul only wanted to get his baseball cap back. He left it at | :04:48. | :05:00. | |
school and even though it was closed over Bank Holiday, he decided he | :05:01. | :05:03. | |
would go there to get it. It's thought Abdul left home on his own | :05:04. | :05:07. | |
and walked the three miles here to Haringey sixth form centre where he | :05:08. | :05:10. | |
is a student. He climbed in an open window and set off an alarm. Police | :05:11. | :05:13. | |
found him inside and arrested him. Police say he was found with not | :05:14. | :05:16. | |
only the baseball cap but other items that didn't belong to him. | :05:17. | :05:19. | |
They say they recognised him straightaway as a vulnerable adult | :05:20. | :05:23. | |
and treated him appropriately. The officers would not have handcuffed | :05:24. | :05:25. | |
him if it wasn't necessary. And equally, let's not make the | :05:26. | :05:27. | |
presumption because you suffer from Down's syndrome, then he's not | :05:28. | :05:30. | |
physically able young man who could have quite easily escaped from | :05:31. | :05:33. | |
police custody. His family, unaware that Abdul was being held in custody | :05:34. | :05:40. | |
reported him missing. Police say they quickly brought his mother to | :05:41. | :05:43. | |
the station, along with other adults trained in how to support people | :05:44. | :05:53. | |
with special needs. But Abdul 's mum says it was nine hours before he was | :05:54. | :05:57. | |
released. Something needs to be done about police arresting people with | :05:58. | :06:01. | |
learning difficulties. I think the laws need to be changed and they | :06:02. | :06:04. | |
need to be trained properly about how to handle people with learning | :06:05. | :06:06. | |
difficulties. Abdul says he's looking forward to going back to | :06:07. | :06:09. | |
school, but a police caution he was given will stay on his record. | :06:10. | :06:16. | |
That is all from me that I will hand you over for a look at the weather, | :06:17. | :06:20. | |
which seems to be going rapidly downhill. | :06:21. | :06:28. | |
We had a few showers today but we saw some sunshine. However quiet | :06:29. | :06:37. | |
spell of weather at the moment, there is rain tomorrow at times and | :06:38. | :06:42. | |
it will become pretty breezy, especially if you are heading to the | :06:43. | :06:45. | |
south coast through the English Channel. Gusty winds, near gale | :06:46. | :06:54. | |
force. By the end of the night you can see the rain arriving and with | :06:55. | :06:57. | |
it low cloud and misty conditions over the Chilterns. That is with us | :06:58. | :07:02. | |
through the rush hour. A relatively mild end to the night. But look at | :07:03. | :07:08. | |
this tomorrow, some heavy bursts of rain. Standing water an issue. It | :07:09. | :07:13. | |
won't be raining all of the day, but it will be overcast for most others. | :07:14. | :07:19. | |
Misty on the hills, and then heavy rain returning in the afternoon. | :07:20. | :07:23. | |
Could be some large totals. Not cold, 14, 16 degrees. The outlook | :07:24. | :07:32. | |
looks right as we look into Friday. But | :07:33. | :07:32. | |
looks right as we look into Friday. But more rain for the weekend. Now | :07:33. | :07:42. | |
we have the UK outlook. Spring last year might have been the | :07:43. | :07:47. | |
coldest in years, but we have already had the highest temperature | :07:48. | :07:51. | |
so far. But we're nowhere near that. 18 in north-west London today. Most | :07:52. | :07:56. | |
of us short of that and will continue to be through the rest of | :07:57. | :08:02. | |
the week and the weekend. The temperature is only one part of the | :08:03. | :08:10. | |
weather story, the other is rain. We saw some heavy downpours in | :08:11. | :08:13. | |
Scotland. Elsewhere the temperature holds up. Wind freshening across | :08:14. | :08:18. | |
southern areas in the night. Ahead of more rain coming into the | :08:19. | :08:22. | |
south-west as Thursday begins. Heavy rain at that. Badly timed for the | :08:23. | :08:27. | |
morning rush hour and still some around for the evening rush-hour. | :08:28. | :08:30. | |
This is the picture at 8am in the morning. Strong winds across the | :08:31. | :08:36. | |
South Coast and in the channel. Standing water, spray from the | :08:37. | :08:41. | |
morning rush hour, difficult driving. Outbreaks of rain with | :08:42. | :08:43. | |
hillfort heading | :08:44. | :08:45. |