this is worklife from bbc news, with victoria fritz and david eades. a spent force. not us! cash is in decline, but in a world of digital payments, who gets left? live from london, that's our top story on friday the 24th of january. the elderly, the disabled and the less well off. they're the most likely to be left behind from the cashless society. also in the programme... china's deadly virus outbreak spreads — minds start to focus on what this might mean for the world's second biggest economy.

and, staying safe online. the dating app tinder brings in a range of new measures to keep its 5 million users safe. also, getting shirty — would you buy a shirt specifically because it was meant to be worn untucked? we'll speak to one company that thinks its got casual fashion all sewn up. today we want to know, can you cope without cash? how do you feel about society going cashless? let us know. #bbcworklife. hello and welcome to worklife. we start with cash. the queen famously never carries it but neither, it seems, do a growing number of people around the world. today researchers here in the uk are warning that the rise of digital payments could mean vulnerable groups, such as the elderly, less tech savvy, or less well off, get left behind.

and they say a few technology firms could end up with far too much power over the economy. take a look at some numbers. by 2018, just 28% of payments in the uk were in cash. that is forecast to fall to just 9% by 2028. across the rest of europe, cash still dominates — for now. in countries that use the euro, over 78% of transactions are done with cash. but that share is falling and it tends to be for smaller payments. the move away from cash is now a major issue for the people who run the world's money. the bank for international settlements in switzerland — a sort of united nations for central banks — said this week it's looking into launching a digital currency. rachel statham is economic analyst at the institute for public policy research think tank and shejoins me now.

thank you forjoining us. it feels like cashless is a runaway train and it is changing so fast. we had that forecast 9% of cash used by the end of the decade but will it be even that much? yes, we can see the shift away from cash is definitely something that is inevitable but what we are calling for is action to shape how the transition happens and make sure it works for the blues don't rely on cash across the uk put by international standards, the uk transition is faster than other countries, particularly other european nations. although the prospect of a fully cashless uk is not on the horizon immediately, we will see quite a substantial shift in the next ten years so it's important that government, regulators and financial service providers are getting ahead and thinking about how to make sure the transition can be shaped to make sure everyone is transition can be shaped to make sure everyone is included. what you're saying is government needs to put the brakes on the speed of

change? we need to see action from the regulator is particularly so the shift is not handing a lot of economic power to big tech companies put it we have seen people like facebook and amazon moving into personal banking markets with new offers of things like wallets, personal loans and even digital currencies. those are potentially quite exciting innovations but it's important that action is taken to make sure that the shift away from cash, but italy financial gain is going to these companies, are recycled into communities affected but does it concern you when you hear of the un of central banks, if you like, saying we might issue a digital currency? it's a different question if central banks look at that issue, if that was the bank of england issuing digital currency so instead of the paper money you could hold digital currency with the central bank, that a different prospect to what someone like facebook is proposing to put it there have been important questions that regular it is an central banks are put to their plans and they are

developing their own plans as well. that could see a radical shift in terms of how we manage money and also how the banking sector in the uk works, retail banking and what it offers. it is interesting that people who might get left behind by this, the less well off, people with less access to tech, the disabled who might not be able to hold bank cards, interesting we heard from new york this week and lawmakers saying that stores have got to accept cash. there is a big section of society that, for whatever reason, still operates in cash and feels much safer with it put we have heard from oui’ safer with it put we have heard from our research and people we have been speaking with across the country about the issue that it is people on tight budgets in particular were most likely to rely on it, taking it out at the beginning of the week and thatis out at the beginning of the week and that is their budget. we have heard things like overdraft charges and unseen fees are real barriers for moving into digital payments and we have called for the development of

more inclusive financial technology so more inclusive financial technology so people with the full range of disabilities are able to access digital payments and take part in the digital economy in the way that people are locked out at the moment. do you have cash on you? people are locked out at the moment. do you have cash on you ?|j people are locked out at the moment. do you have cash on you? i don't. i have a little bit but not much. it has changed so quickly. thank you very much. let's take a look at some of the other stories making the news. the dutch firm takeaway.com says it will go ahead with its plan to buy britian‘sjust eat in an $8 billion deal. that's despite the uk competition authorities saying they are looking into the tie—up which will create one of the world's biggest fast food delivery firms. takeaway says the probe could delay the deal by a week although it's not clear what impact it will have on plans to bring the two companies together. uber has signed an agreement with nissan to introduce a fleet of 2,000 leaf hatchbacks for its drivers. the deal is part of a broader push from the company to go all—electric

in london from 2025. it comes despite uber‘s appeal against regulators decision to ban it from operating in london remaining unresolved. former wells fargo chief executive john stumpf is to pay $17.5 million to settle charges over the bank's fake accounts scandal. he was also banned from working in the financial industry "in any manner" for life. it's a rare example of a top banking executive being personally punished for failing to stop misconduct. let's go to asia now where companies are assessing the impact of the coronavirus outbreak. among them the film industry, which was expecting a big weekend at the box office. karishma vaswani is following the story. travel bans in place, cinemas closed, shanghai they're planning to close down disneyland. absolutely. it is notjust in the

province and the district that has been affected. as you said, several films have cancelled their premiers this weekend. it is a big chinese lunar new year holiday and typically a really good time to get your film out but because of the concerns of infection, those plans have been shelved. some analysts are saying it could cost the film industry something like $200 million but it is not just something like $200 million but it is notjust the movie sector. the authorities have shut down the forbidden city, dating's palace complex which is at the centre of tourism in the city project that is traditional fares that have been cancelled —— beijing's palace complex. a football tournament in hong kong as well and the cancellation of all public lunar new year celebrations in macau. the shanghai disneyland has announced it is temporarily shutting its doors for a few days or at least until the situation becomes clearer. there will definitely be an impact on the travel and leisure sector. and the

thing is, this could go on for weeks and that is going to have real economic impact, isn't it? yes, it is frankly too early to say. everybody i speak to in the business community says the focus right now should be on containing the virus and treating the people affected and that's right. but what they also tell me is that if the size and scale of this virus grows, yes, there could be widespread economic fallout. not just in there could be widespread economic fallout. notjust in china. because this would come at a time when the chinese and regional economic cycle is just chinese and regional economic cycle isjust beginning to pick up chinese and regional economic cycle is just beginning to pick up steam. we have had the trade war and we are now out of that and this is what businesses are having to consider and grapple with. the memory of sars, to give audiences a sense of how much was lost at that time, hong kong lost about 2.5% of gdp and

singapore about 0.5% so a lot to consider but it is early days. thank you very much. asian equity markets traded with caution as china's coronavirus shows no signs of going away. travel bans have been extended to at least 11 cities now. hong kong shares were steady but are down sharply on the week. shanghai is shut for the new year holiday. just a quick word on oil. the oil markets are obsessed with china, specifically china's demand for oil. 0il demand was at the forefront of all the pricing moves throughout 2019. the thought of dampened demand from the world's second largest oil consumer outweighs even significant geopolitical risk. so that's why we're seeing a direct correlation between the oil price and the spread of a virus. tinder users will be able to input details about their dates, share location services, so the app tracks them

during a date, and hit a panic button if they need to alert emergency services. from new york, michelle fleury reports. more of us are making love connections online but have you ever felt unsafe or in need of help while out dating someone you have just met on an online dating app? tinder thinks it may have a way to address this issue. the popular dating app is introducing a new photo verification system that will place a blue check mark on daters' profiles. no more catfishing, hopefully. it is also rolling out new features that detect offensive comments and that let you share details about upcoming dates. to deliver this, tinder‘s parent company, match group, has partnered with moonlight, a safety app that tracks people's locations and can send that information to emergency services when an alarm is triggered. as for privacy concerns, the company says it will not have access to the location data, only moonlight will. it all goes according to plan, match has said it will extend the feature to its other popular dating apps like 0k cupid, match

and hinge later on in the year. this will help address criticism that it dating apps have not done enough to protect users from harassment and abuse both on and off the platform. as ever, though, that challenge is balancing privacy concerns with safety needs. let's continue with the tinder story and tania jackson, director of the red idea digital marketing agency has joined us for a look at the papers. what do you think aobut this? how do you feel about it?|j how do you feel about it? i think it isa how do you feel about it? i think it is a positive manoeuvre and they should be thinking about that because there have been a few cases, and quite dangerous really come using the app and meeting people you don't know who you are talking to. you might wonder why it has taken

this long. i was thinking the same and with these concerns in mind, they decided to roll out also intelligent artificial so they can check the pictures and internal messages. you picked out another story from the daily telegraph, a company clea rview, it story from the daily telegraph, a company clearview, it is a pretty secretive facial recognition start—up and depending on your point of view, either providing the ultimate in high—tech crime fighting 01’ ultimate in high—tech crime fighting oran ultimate in high—tech crime fighting or an existential threat to citizens‘ privacy! where do you stand? i think with any ai it is very clear that you can see both sides. i think for place and safety of civilians it‘s a very good thing. in new york, they have discovered a few cases in less than one week because they have the facility. but in another scenario, there could be

a lot of explanation about daily lives. they are taking pictures of everybody and anything that moves really, anyone on twitter, you and me, we are all in their data bank and we don‘t know it. me, we are all in their data bank and we don't know it. from their website, they say that they are only using pictures with open web so they don‘t take anything private. if you have a twitter or facebook account and it is set as private, they‘re not allowed to take any pictures. i think it is our responsibility, what we post in social media and websites. i want it to people with social media accounts are aware if they are public or private and where this information comes from because a p pa re ntly this information comes from because apparently they cant reveal your identity from a single photo. it‘s not like it is a huge digital footprint, you just need one little toe, i suppose! and you mentioned one important point, and from the

way i work with clients and dealing with students as well, the majority of people are not aware what is the privacy settings are so sometimes they are not aware they are basically on public view. and what they are used for. if they are being used by law enforcement there are questions still about the quality of the facial recognition, that is another issue. yes. and the last story here, clearview has got in trouble with twitter who have demanded the company stops taking images from its website. clearview has amassed more than 3 billion photographs from places like facebook and twitter. where is this going to end? nobody knows because what happens is everyone‘s bigger company asking for regulators, what happens is how long it takes them to research to get the point it‘s safe 01’ research to get the point it‘s safe or not and how long. uk said they

wa nt or not and how long. uk said they want five years to stop policy and everything to research further but technologies go very fast. it‘s impossible to know when they are going to stop and where it will end. and that accelerates as well, the regulators get further behind. by the time they sign, everything else is more advanced. absolutely. we will have to leave it there, thank you. according to the new york times, the clea rview according to the new york times, the clearview app includes programming that compares the images with augmented reality glasses which would allow users to identify names and addresses of anyone you see. interesting! 0ne and addresses of anyone you see. interesting! one more thing to worry about. still to come... untucking the fashion market — we‘ll speak to the company trying to sell shirts specifically because they are untucked. you‘re with worklife from bbc news.

the final cost of hs2, the proposed high speed rail link connecting london to the north, will be impossible to estimate, according to a new report by the national audit office. it‘s already behind schedule and ben thompson is at the hs2 site in birmingham. welcome to curzon street. work is well under way on this site that will form the station at the birmingham end of the first phase of the controversial hs2 project. another damning report this morning, this time from the government spending watchdog, suggesting the project, we will never know how much it will cost, already behind schedule and over budget. a lot of focus on when it will open, if it will open at all. but not much concern at the moment about the impact it could have on the communities at both ends of those lines. maria is with me come she is

the director of midland connect. give us a sense of what hs2 would mean to somewhat like this because we talk about the train track and the stations, about the cost. we don‘t often talk about the businesses that probably need this. absolutely and we saw the letter today, the point about what happens today, the point about what happens to places like birmingham, the west midlands and wider midlands, when it's already happening we have been living and breathing hsz for ten years and the transformation the city is experiencing its second to none. we never had the level of investment, the jobs creation, not only in construction but in terms of the regeneration plans that are happening for the city. and that takes time and resources to plan. we need to consider that this has been the biggest investment that has come to the midlands and we want to keep it going to put why would you stop it? when you talk about that time, how frustrating that there are still big questions about whether the project will even get built at all?

we are extremely frustrated and of course there has to be screwed to me and we welcome the report public scrutiny has to happen throughout the life of the project but this stop and rethink will not do any good for businesses. we need certainty more than ever and the midlands needs it because we have not had this for ages. nice to see you, thank you. thought from business certainly at this end of the line. we get the official government report in the next few weeks but still big questions over whether it will get the green light at all. you‘re watching worklife. a reminder of our top story: a british think tank is warning that governments need to act to make sure the move to cashless payments doesn‘t leave the elderly

and less well off behind. now, let‘s get the inside track on shirts. do you wear your shirt tucked in, or untucked? do you prefer formal or informal? shorter—cut shirts may have been around for decades — think workwear or the french riviera in the 1950s — but our next guest has built an entire business out of the untucked shirt. untuckit is a us shirt brand that now has more than 85 stores and is now here in the uk. chris riccobono is the founder of untuckit, and he is with us now. thank you forjoining us. the logical thing first double is to get a sense of the shirt so if you wouldn‘t mind, as one one today... everyone knows now. it was designed after research what was the optimal length and it was the middle of the fly with the pockets partially exposed. that was the definition.

with it a survey of 500 people to find the length of about six years ago. very precise but it is working well in the states. it‘s not your line of business particularly? no, i was a health care sales rep and the best ideas for entrepreneurs are ones that are sold your own problem andi ones that are sold your own problem and i simply needed a shirt meant to be worn untucked, they were all too long and too sloppy. i asked friends and they alter they had the same problem, they were too long. we did a lot of research and redesigned the shirt for about a year. when you are wearing a shirt untucked, in order for it to have the right length, there are different body types and if you are bigger or thinner, it can be higher or lower so we needed over 50 sizes or anybody wanted a shirt to be worn untucked, they could get it. of the billions of men around the world getting dressed today, what percentage of them are really thinking about whether or not their shirt needs to be untucked? surely they had to be thinking about money,

health concerns, personal safety, the rest. how big is the market? the world has gone much more casual. i think the us is even a bit more advanced and i think europe is a following to put all major institutions now, goldman sachs, pwc, you can go to work with your shirt untucked come to the best restau ra nts shirt untucked come to the best restaurants in the world, michelin star restaurant with your shirt untucked but it has become a lot easier put it meant you to just wear a and ties and now they don‘t that are the reason people love the shirt because people don‘t need to think about it put its intimidating to think about what to wear but you can dress up, where a casual shirt on the weekend, guys are buying the shirt and it is their entire wardrobe. you have your selling point but you‘re going into a competitive market and interestingly, coming from a different area in the first place and you have had some challenges? many challenges. as far as the journey of being an entrepreneur, it is never easy. the first line of

shirts i got, we got 3000 and i pulled one button and realised that every single button was sewn wrong! but we had no money so we had to sell the shirt and write a note that we would reimburse you to get the button sewn on! all the things you learn as an entrepreneur. but it is exciting because today, what we notice, and i was in the store in covent garden for the first week, when guys come in they are excited, finally put that you talk about different shirt makers, we are different shirt makers, we are different because we solve the problem and you see the excitement but we have 80 stores in the us, we have been around for about five yea rs have been around for about five years and it‘s amazing, when men come into shop, they are excited! quite an achievement for a shirt put it we have to leave it there, thank you very much. you might wonder what he has got on under. pretty formal? pretty straitlaced! we can move on.

many of the world‘s business leaders and politicians are spending the week at the world economic forum in davos where sustainability is one of the main themes. president trump caused controversy when he attacked what he called environmental ‘prophets of doom‘. so sally bundock asked the head of sustainability at coca cola about that and her own company‘s policies. took google operates in over 200 countries and james quincy, our chairman and ceo, was one of those who wrote an open letter to president to say we have to focus on climate change. we are focused on the paris court and we have set eight science —based target. there are other ceos who are similar minded who have done that. i think that it‘s super important. in our system in the united states, at some point we will have a new leader. they may believe and support the issues that are happening in the world or they may not but business not only respond to what the leader thinks, they have to respond to what

they need to do. at coca-cola you have a huge responsibility, you look at some organisations and they call you the worst plastic polluter globally for two years now. the reality is, when you are a big business and the largest in the beverage industry, that is the reality, it is unfortunate and something i know bothers people who work here. we want to act and make changes. we share the vision that we wa nt to changes. we share the vision that we want to eliminate single use plastic, we believe in a circular economy at that plastic that is out there, let‘s clean it up put we took a lot of marine plastic and created another bottle out of it which people thought was not possible. is a small initiative but we are working to expand it. the other plastics we have been able to collect them we have taken them to centres like one in france and they can take one bottle, create another and keep that same plastic that was in the pollution as part of the economy now. i'm afraid that is all we have time for this week put it thank you forjoining us on the show opened the conversation continues

online. thank you for being with us, have a good weekend. goodbye. hello. this week‘s quiet pattern of weather seems set to continue at least for the first half of the weekend but summer has marked a change. today it is still mainly cloudy, most places will stay dry although that front had produced in the first part of the day a little rainfor the first part of the day a little rain for northern ireland and scotland. the transition through the weekend, i squeezing up on saturday and on sunday the weather front ushers in fresher conditions coming from the atlantic. that is some way off. perhaps brighter skies getting into the north—east after a cloudy stop ofa the north—east after a cloudy stop of a chance of a passing shower. generally, fairly murky for the greater part of england and wales and the return of rain as the club

thickens into the north west of scotla nd thickens into the north west of scotland to finish the afternoon. —— as the cloud thickens. through the evening and overnight, their cloud and rain pulls away from the north—west of scotland, a lot of cloud and murky again with some hill fog especially in england and wales. not a particular cold night so many will start the weekend frost free and here is that start. the front looming closer to the north—west of scotland, isobars looming closer to the north—west of scotland, isoba rs beginning looming closer to the north—west of scotland, isobars beginning to tighten so the wind will freshen in northern ireland and the north and west of scotland. a still start in england and wales but watch out for the mist and fog on the move first thing. temperatures where we have been pretty much over recent days. the chance of a shower in the far south—west and rain in the north—west of scotland. here comes that transition and it is one from relatively mild heir to something much pressure, on sunday, into the

west of the british isles. because of the contrast in temperatures, the front will be quite active and you will know about it if you catch it. it will not be into the far south—east until late on sunday. following behind, brighter skies in western scotland and northern ireland and a fresh feeling with showers turning increasingly wintry across the highest ground put that ushers in a completely different week next week where we return to wet and windy weather and it will feel much fresher right across the british isles. that is the sort of temperature profile were looking at as we start the new week and far from settled. take care.

you‘re watching bbc news at nine with me, carrie gracie — the headlines chinese authorities confirm the coronavirus deathtoll has climbed to 26 people and there are more than 800 confirmed infections worldwide. in the uk, 1a people have been tested for the virus with five testing negative and an incident team has been set up in scotland to deal with the threat. the us has rejected an extradition request for anne sacoolas but the dunn family says they will continue to fight. this extradition request hangs there forever, it is never going to go away. this administration will go away. this administration will go away and we will wait if we need to, for the next five, ten, 15