tv Business Today BBC News September 2, 2024 5:30am-6:00am BST
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we start with elon musk and the social media platform he controls, x, formerly known as twitter. it's facing the loss of one of its largest markets in a row over hate speech and disinformation. over the weekend, brazil's telecoms regulator suspended access to x for the country's 200—plus million people after a ruling by a seniorjudge. there will be a vote later today by a panel of brazil's supreme court on whether to uphold that ruling. it's the most serious crisis yet for the platform that mr musk promised would be a town square for free speech, but that critics accuse of becoming a haven for extremist and hateful content and false information. david waddell reports. when elon musk took control of quitter two years ago and a $41;
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billion deal, rebranding it x, he signalled there would be fewer restrictions on what people could post. he calls himself a free—speech absolutist. as he told the bbc james clayton last year. free—speech is meaningless unless you allow people you don't like say things you don't like, otherwise it is a relevant. the point that we lose free—speech it doesn't come back. lose free-speech it doesn't come back.— campaigns and ngos that have lost their s— come back. since then the platform _ come back. since then the platform and _ come back. since then the platform and its _ come back. since then the platform and its owner- come back. since then the i platform and its owner have come back. since then the platform _ come back. since then the platform and _ come back. since then the platform and its _ come back. since then the platform and its owner- come back. since then the i platform and its owner have faced constant controversy. faced constant controversy. individuals banned from twitter platform and its owner have faced cons banned :roversy. platform and its owner have faced cons banned from sy. including controversial platform and its owner have faced cons banned from twitter individuals banned from twitter including controversial influencer andrew tait, and the influencer andrew uk far right activist tommy including controversial influei right ndrew robinson reinstated by x. including controversial influei right activist tommy robinson reinstated by x. during violent far right during violent far right protest the summer in the uk mr protest the the uk mr musk found himself in a row protest the summer in the uk mr musk found himself in a row with the prime minister. after with the prime minister. after posting that civil war is posting that civil war is inevitable and accusing the inevitable and accusing the government of two tier posting that civil war is inevitable and �* two ;ing the posting that civil war is inevitable and �* two tier the government of two tier policing. his latest row policing. his latest row x in
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threatens the position of x in threatens the position of x in one of its biggest markets. one of its biggest markets. over the weekend brazilian over the weekend brazilian supreme courtjustice supported supreme courtjustice supported supreme court justice supported the supreme courtjustice supported the platform to be shut down shut down across the country, comes after the platform to be shut down across the country, comes after across the country, comes after a month long feud over alleged across the country, comes after misinformation and hate speech a months. w and . h 7 across the country, comes after on the platform. in which elon a months. w and hate 7. . across the country, comes after a month» w and hate speech. misinformation and hate speech on the platform. in which elon musk called thejudge an evil musk called thejudge an evil dictator. dictator. musk called the judge an evil dictator. �* ,, �* musk called the judge an evil dictator. �* ,, ~ , ., , dictator. translation: people m a . e musk called the judge an evil dictator. �* ,, �* musk called the judge an evil dictator. �* ,, ~ , ., , dictator. translation: people m a . e dictator. translation: people my age aren't _ dictator. translation: people my age aren't really _ dictator. translation: people my age aren't really in - dictator. translation: people dictator. translation: people my age aren't _ dictator. translation: people my age aren't really _ dictator. translation: people my age aren't really in - dictator. translation: people my age aren't really in the - my age aren't really in the habit of watching tv news or my age aren't really in the - my age aren't really in the habit of watching tv news or reading the news. twitter or x reading the news. twitter or x was a way for me to get news was a way for me to get news from around the world. i have from around the world. i have lost touch a little with what lost touch a little with what is happening around the world is happening around and a way of entertaining lost touch a little with what is happening entertaining and a way of entertaining myself. it myself. x and a way of entertaining m self. . , . . and a way of entertaining m self. ., , ., . myself. x was a much freer sace myself. x was a much freer space for — myself. x was a much freer sace myself. x was a much freer space for — myself. x was a much freer space for various _ myself. x was a much freer space for various forms - myself. x was a much freer space for various forms of i space for various forms of myself. x was a much freer space for various _ myself. x was a much freer space for various forms - myself. x was a much freer space for various forms of i space for various forms of speech, _ space for various forms of speech, so much so there was a speech, _ space for various forms of speech, so much so there was lot of— speech, so much so there was a space for various forms of sp! ofh, so much so there was space for various forms of lot of discrimination, honestly sp! of discrimination, here was space for various forms of sp! of discrimination, honestly lot of discrimination, honestly i do see — i do lot of discrimination, honestly i do see a _ lot of discrimination, honestly lot of discrimination, honestly i do see — lot of discrimination, honestly i do see a _ lot of discrimination, honestly i do see a positive side to twitter— i do see a positive side to twitter being shut down. but i do see a positive side to [m1 m bein shutdown. but twitter being shut down. but there — there — twitter being shut down. but there were many good movements, twitter being shut down. but there movements, there were many good movements, campaigns— there were many good movements, campaigns and ngos that have campaigns— there were many good movements, campaigns and ngos that have lost their space.— lost their space. everyone
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knows who _ lost their space. everyone knows who uses _ lost their space. everyone knows who uses x - lost their space. everyone knows who uses x gets i lost their space. everyone i knows who uses x gets lost between what what between what is real and what is fate, i don't think it has to be all or nothing there if could be some regulation. if elon musk wants to come here and thinks it's a elon musk wants to come here and thini he �*s a banana . , elon musk wants to come here and thini he is a banana . , elon musk wants to come here and thini he is wrong. la , , elon musk wants to come here and thini he is wrong. the , elon musk wants to come here and thini he is wrong.- republic he is wrong. the rest ofthe raised the stakes in the debate. france has rejected claims he can't be held illegal content shed on the on
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its rules and court orders on digital platforms without running the risk of censorship. and of endangering freedom of expression. and this is a difficult balance to strike. on the one hand was all�*s ban is the one hand was all�*s ban is the response to violations of the response to violations of the country �*s laws, on the other hand, with such a ban brazil could find itself among a group of autocratic regimes like north korea and china which also have banned x and their cases to restrict access which also have banned x and their cases to restrict access to their citizens to a free to their citizens to a free internet and in short their internet and in short their power. it is also true that power. it is also true that elon musk and his approach to elon musk and his approach to freedom of speech on social freedom of speech on social media is increasingly at odds media is increasingly at odds with the rules of democratic with the rules of democratic countries and this is the case countries and this is the case of the european union, which of the european union, which has opened an investigation on has opened an investigation on x. also on matter and tiktok x. also on matter and tiktok
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for violating the digital for violating the digital services act. this is a very services act. this is a very delicate balance to strike. how delicate balance to strike. how do ou delicate balance to strike. how do you see _ delicate balance to strike. how do ou delicate balance to strike. how do you see _ delicate balance to strike. how do you see this _ delicate balance to strike. how do you see this playing out in do you see this _ delicate balance to strike. how do you see this playing out in brazil not only is there a band brazil not only is there a band but private individuals but private individuals accessing the site, x using accessing the site, x using virtual private networks could virtual private networks could be facing $8,000 fines on a be facing $8,000 fines on a daily basis?— daily basis?— be facing $8,000 fines on a daily basis? yes, indeed, this is a quite _ daily basis? yes, indeed, this is a quite harsh _ daily basis? yes, indeed, this is a quite harsh penalty - daily basis? yes, indeed, this is a quite harsh penalty for. is a quite harsh penalty for users. because of this the supreme court is facing a strong backlash. so, ithink, there may be a compromise at some point, the two sides might well decide to make a exchange,
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but the summit is taking place be facing $8,000 fines on a daily china '_ after china released more be facing $8,000 fines on a daily china released more after china released more disappointing economic data over the weekend. for example disappointing economic data over the weekend. for example factories have been less busy, factories have been less busy, four months in a row while four months in a row while sales of new homes continue to sales of new homes continue to fall as the sector struggles to fall as the sector struggles to deal with its massive debt deal with its massive debt because crisis. it has been a lot of crisis. it has been a lot of concern about the recovery of concern about the recovery of the world �*s second biggest the world �*s second biggest economy, so the african leaders economy, so the african leaders will want to hear how china will want to hear how china plans to meet and fulfil plans to meet and fulfil pledges from the previous pledges from the previous summit in 2021 two x 300 summit in 2021 two x 300 billion dollars worth of goods. billion dollars worth they will also seek assurances on the progress of some incomplete chinese funded infrastructure projects, such as a railway. from the point of view of beijing wants to maybe move away from funding those big technology projects and instead sell the advanced and green technologies which chinese companies have heavily invested in such as electric cars and solar panels, that's
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�*him? first mover advantage for him? well, i think, first mover advantage for him? well, ithink, good morning everybody nice to be here. i think the leaders have always been close, they have always had an ideological link about prosperity and struggles for natural liberation. but if you look at africa has been so
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crucial to china's foreign summit in 2021 two x 300 policy since the end of the billion dolla the orth summit in 2021 two x 300 billion dolla the end �*the policy since the end of the civil war in 1947. they have civil war in 19117. they have supported several african liberation movements over the years. they now feel compelled supported compelled ijy years. they now feel compelled ijy years. they now feel compelled by loyalty to continue years. they now feel compelled by loyalty to continue bilateral relations with them. bilateral relations with them. it is interesting to note since it is interesting to note since 1950, there has not been a year has not been a year 1950, there has not been a year where a chinese foreign where a chinese foreign minister by one hasn't visited an african country. yes, china is somewhat of a fractious relationship with south africa, in that... it relationship with south africa, in that... , relationship with south africa, inthat... , ., ,, bi in that... it is fractious but big amounts _ in that. .. it is fractious but big amounts of— in that... it is fractious but big amounts of money, - in that... it is fractious but big amounts of money, in| in that... it is fractious but - big amounts of money, in 2023 bilateral trade with south africa reached $25 billion, for some aspects of the south african economy it is much needed, this investment? absolutely especially as an emerging country we struggle on certain export sides, it is
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markets are closed in the us today for the annual labor day holiday. the travel industry is expecting a healthy 9% jump in the number of americans taking a trip over the long weekend. that would add to the optimism around the state of the us economy after figures on friday showed a rise in consumer spending injuly and only a modest rise in inflation. the hope is that the federal reserve has conquered soaring prices without causing a recession, and will now be able to start cutting interest rates this month. let's speak to fiona cincotta from city index. hello to you, it seems the mood music has changed, from a few weeks ago we saw terminal on financial markets on fears of recession, outlook like most believe we are in for a soft
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landing?— believe we are in for a soft landin: ? , ., ,., believe we are in for a soft landin ? , ., ,., ., ., landing? yes, we had some data due released _ landing? yes, we had some data due released last _ landing? yes, we had some data due released last week - landing? yes, we had some data due released last week and - landing? yes, we had some data due released last week and had l due released last week and had queues to the second quarter gdp figures which were upwardly revised to 3% annually. that combined with a stronger than expected personal spending, just a very small increase in core cpi inflation, really came together, to boost the market mood, and sort of really help the market to believe that the us is on track for a soft landing, it might be able to avoid a recession.— landing, it might be able to avoid a recession. does that mean the — avoid a recession. does that mean the federal— avoid a recession. does that mean the federal reserve l avoid a recession. does thatj mean the federal reserve it avoid a recession. does that i mean the federal reserve it is assumed it will cut rates next month when next meets and it will be a 25%, 25 basis points cut not half a percent? the market at _ cut not half a percent? the market at the _ cut not half a percent? the market at the moment - cut not half a percent? tue: market at the moment is cut not half a percent? tt;e: market at the moment is pricing and 100% it believes it will cut rates. we think about what
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we have heard from the federal reserve officials including jerome powell recently they have signalled towards the start of a rate cut at least a rate cut in september. i also think as the recession fears appeased the market has rained on those expectations of a 50 point rate cut. the base case scenario is a 25 basis point rate cut, 50 point basis cut potentially could unnerve the market more by raising concerns more by raising concerns are perhaps the federal reserve market more by raising concerns are perhaps the federal reserve know something we don't know know something we don't know and there is a recession and there is a recession cummings copy most likely cummings copy most likely scenario is the federal reserve scenario is the federal reserve will stick with the 25 basis will stick with the 25 basis points, methodicalslow points, methodicalslow will stick with the 25 basis points, methodical slow rate cut so they can assess how the will stick with the 25 basis points, methodical slow rate cut so they can assess how the economy is being impact by economy is being impact by their moves. their moves. fiona cincotta from city index. fiona cincotta from city index. let's get some of let's get some of the day's other news the day's other news 110w. 110w. some 10,000 us hotel workers began a multi—day strike in several cities on sunday during after contract
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talks with hotel operators talks with hotel operators marriott international, marriott international, hilton worldwide, and hilton worldwide, and hyatt hotels broke down — hyatt hotels broke down — according to the unite here union. it says hotel workers it says hotel workers are being stretched thin, are being stretched thin, with management frequently with management frequently assigning three staff membersto do the job of four assigning three staff membersto do the job of four raising the windfall tax raising the windfall tax on the uk's oil and gas on the uk's oil and gas companies will hit companies will hit the government's main goal the government's main goal of growing the economy, of growing the economy, the industry has warned. the industry has warned. offshore energies uk says offshore energies uk says the plan will cost the uk economy 13 billion poiunds from 2025 to 2029, putting 35,000 jobs at risk. the government says it's committed to a "constructive dialogue" with the industry over changes to the tax. the plan will cost the uk coming up — from rolex rippers to high—end burglars — the growing threats to wealthy individuals and the elite security providers who protect them. around the world and across the uk. this is bbc news.
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to the uk now — where there are almost 15 million people over 50 who are economically inactive. that's a figure that has increased by1 million in the last five years, according to recent data from the office of national statistics. but the uk's biggest homeware retailer dunelm is trying to work against that trend by actively recruiting older workers. it's been speaking exclusively to our business reporter simon browning. workers — the fabric of the economy. here at dunelm, the made—to—order curtain factory in leicester, more than half of the team is over 50 — a seamless blend of youth and technical experience. 68 next month. and you are? i'll be 65 in about four weeks. she a good worker? she's a great worker. everybody loves her. with no sign of
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retirement, ali and mags want to use a half century of learnt skills. the success of a factory would be having a good age range mix, and i think we need that mix which can pass on the skills to the younger generation. a quarter of the entire workforce at dunelm are older workers. those over 50, it's almost 3,000 people. they actively recruit this age group, targeting them on facebook and job centres. it appears to be working, the retailer is growing and opening new stores — a rare achievement. we have a very flexible approach to different types of shifts. i have had colleagues chat to me in stores or in here and they i i'm retiring. i go — we really don't want you to retire, have you considered staying on in a seasonal contract so that, you know, you can just come in for less weeks of the year but still keeps you connected. there are 11.1 million
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economically—active over 50s in the uk economy — that's either in a job or actively looking for. that's up 320,000 in the last five years since before the pandemic. but there's 111.8 million economically enactive workers over 50 and that's up a million in the last five yea rs. getting some of those back to work would be a big boost to the uk economy. with so many workers cut, many have challenges getting back in. we often talk about this cohort of people as being the sandwich generation, so often they would be primary carerfor their elderly parents and sometimes still have dependent children and teenagers at home and that can have a lot of — can see big impacts on their ability to navigate work. come in. well, this is my home which is also my workplace. flexible solutions do exist. kate teaches foreign students english at home offering bed and board. job satisfaction is really important and i think having some sort of structure for the week. the income, i don't
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usually think about that too much but it's always good to have, but mostly for me it's just meeting a whole load of interesting people and having interesting things to research a bit. with almost 900,000 job vacancies in the uk economy, drawing on the skills of the uk's older workers could be a boost for much—wanted economic growth. simon browning, bbc news. finally to crime — because a gang linked to 22 raids on luxury villas in ibiza, including one rented by uk tv and radio star nick grimshaw, were arrested over the weekend by spanish police. the robbers had singled out properties often used by high net—worth individuals. the guardia civil said they used gas to sedate their victims while stealing their belongings. it's just the latest case where wealthy individuals have been targeted by robbers — including burglaries of sports stars from footballer raheem sterling to cyclist mark cavendish. not to mention a spate of watch
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thefts here in london by so—called �*rolex rippers' who scout for people wearing valuable watches. jeff hill has 35 years of experience in the police, including as a detective chief superintendent. he now heads up the protection department at luxury real estate broker the private office. good to have you on the programme. what happened in ibiza sounds terrifying have to say, if things got worse from your it is difficult to say over the years you have people who look to target the wealthy there is more coverage of those situation these days.— situation these days. people see a lot _ situation these days. people see a lot more _ situation these days. people see a lot more of _ situation these days. people see a lot more of it - situation these days. people see a lot more of it about i situation these days. people | see a lot more of it about the reason i doubt the level of sophistication at the high end of criminality has continued to
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evolve and there are gangs both in the uk and abroad that are looking to target wealthy individuals.— looking to target wealthy individuals. , �* individuals. doesn't make it easier to — individuals. doesn't make it easier to target _ individuals. doesn't make it easier to target them - individuals. doesn't make it easier to target them of - individuals. doesn't make it i easier to target them of these individuals are on social media showing where they are what they are doing and what are wearing? where they are? you can pretty much guess what's going on with them quite easily can you not? qt going on with them quite easily can you not?— can you not? of course, people need to be _ can you not? of course, people need to be sensible _ can you not? of course, people need to be sensible about - can you not? of course, people need to be sensible about howl need to be sensible about how they manage their social media so they are not giving criminals an advantage. a lot of celebrities, high—profile and high net worth individuals do have media accounts, the audiences are not controlled some her private accounts but many have very public accounts and it is important when they post they consider a number of things — to the audiences, they consider the content of what they are posting. and they consider the timing, it is ill advised to tell the world you are on holiday when you are in
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fact on holiday. you are validating what criminals may already know, you don't want to give them the advantage, likewise teaching a photo outside the front of your house may give them an opportunity to to validate the research they have done and confirm you live at a particular property. for soccer stars _ at a particular property. for soccer stars such _ at a particular property. for soccer stars such as - at a particular property. for soccer stars such as raheem sterling we talk about it on this programme what these individuals are earning, huge sums of money therefore they will be a target and then we know when they are not at home because they are playing an international event, it is very difficult in that situation to try to keep your home secure? 0f try to keep your home secure? of course, it is notjust people who play professional football, we do have a number of clients who are in that profession, it is people whose movements are entirely predictable, who are known to be or suspected to be of high net worth, musicians or tv presenters. there are
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circumstances where it is difficult for individuals to continue with their professional life and keep themselves safe, but that is where people like us come in, we are experts in our field, where people like us come in, we are experts in ourfield, we understand how criminals operate and behave more importantly how they think. we understand and know exactly what needs to be put in place to prevent and deter those individuals being victimised and targeted in the first instance.— and targeted in the first instance. �* , , instance. are there places where it — instance. are there places where it is _ instance. are there places where it is really - instance. are there places where it is really difficult i instance. are there places | where it is really difficult to operate from your point of view, parts of the world? dare view, parts of the world? are ou view, parts of the world? are you talking — view, parts of the world? are you talking about _ view, parts of the world? fife: you talking about from a protection point of view? tt protection point of view? if you have a high net worth individual you are looking after her go to certain parts of the world that makes it difficult briefly? —— high net individuals. we difficult briefly? -- high net individuals.— difficult briefly? -- high net individuals. ~ ., individuals. we can operate in most of the — individuals. we can operate in most of the western - individuals. we can operate in most of the western world . individuals. we can operate in i most of the western world some states where it is more restricted it is more difficult, it is important to understand security isn't about
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a particular measure, don't look at it from a single perspective.— look at it from a single perspective. geoff hill, fascinating _ perspective. geoff hill, fascinating to - perspective. geoff hill, fascinating to get - perspective. geoff hill, fascinating to get your| perspective. geoff hill, - fascinating to get your take. thank you forjoining us so early. and thank you as well. have a good day. hello there. wiggonholt in west sussex was the country's hot spot on sunday, with temperatures hitting 30 degrees celsius, making it the hottest day of september so far. not that we're very far into the month, of course. there was plenty of sunshine for east anglia and south east �*england, but rather cloudy skies for some, turned quite murky here in mousehole in cornwall. we've also seen showers and thunderstorms break out. this clump of storms that went through the north—west midlands earlier brought 14mm of rain in just the space of one hour, and over the next few hours, those heavy downpours will continue to drive northwards across northern england and into scotland as well. probably another batch of heavy rain then developing behind that into parts of wales. all the while it will stay quite warm and muggy. well, that takes us into monday, and monday is dominated by low pressure.
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we're expecting showers or some longer spells of rain. the heaviest downpours will be across northern england and scotland. probably some thunderstorms mixed in, so there could be some localised surface water flooding. bit of rain crosses northern ireland, brighter from western counties later in the afternoon. probably quite murky around some of our irish sea coasts. maybe staying dry across east anglia and south east england, where it will continue to feel quite humid and very warm. now beyond that, as we head into tuesday, eventually we're going to start to get northwesterly winds moving back across the country, and they will bring fresher air and some slightly lower temperatures as well. now, tuesday will probably start off with some bits and pieces of rain, probably murky weatherfor some across eastern areas to clear out of the way. then some sunshine. a few showers followed to scotland, northern ireland and maybe one or 2 for the northwest of both england and wales. temperatures 18 to 21. feeling fresher, pleasant in the sunshine. from wednesday onwards, though, there's a lot of uncertainty in the weather forecast.
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two scenarios — one is that we continue to see showers work into north—western areas, with the driest weather across the south and east of the uk, where we've got a ridge of high pressure. in this scenario wednesday, thursday, friday, temperatures wouldn't change very much. high teens to low 20s. a pleasant spell of weather for many. however, there is a different scenario where the weather patterns get completely flipped on their head. in this second scenario the driest weather would end up being to the north—west of the uk, and instead towards the south—east. we could end up seeing low pressure form and wet and windy weather moving in. so there's a lot of uncertainty. don't be surprised if the forecast changes then over the next few days.
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good morning, welcome to breakfast withjon kay and sally nugent. our headlines today. the government scraps one word ofsted assessments for schools in england, eight months after an inspection contributed to the suicide of a headteacher. thousands rally across israel after the bodies of six hostages held by hamas in the gaza strip were recovered by soldiers. # tonight i'm a rock and roll star. the use of dynamic pricing will be looked into by ministers amid an ongoing row about the cost
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of tickets to see oasis. and the sinking of the titanic. exclusive footage reveals more about the wreck�*s slow decay. good morning. fake lessons and bogus instructors, more than £200,000 is lost to driving school scams in the first half of the year. i will look at how to spot the fake ads. a golden day for paralympics gb who enjoyed their best day of the games so far, 12 goals, their best performance at any paralympics this century. and we speak to sir ian mckellen about recovering from a fall off stage and why he still loves working at 85. plus, quite a mystery and humour to start your monday morning. a little bit of rain for some, even some thunderstorms —— mist and rain to
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