,biden -- joe biden i biden -- joe biden defences _ i biden -- joe biden defences legacy. - . biden -- joe biden defences legacy.- i biden -- joe biden defences legacy. i am not sa in: defences legacy. i am not saying i — defences legacy. i am not saying i was _ defences legacy. i am not saying i was perfect - defences legacy. i am not saying i was perfect and l defences legacy. i am not. saying i was perfect and it's can do— saying i was perfect and it's can do better than i did. we have — can do better than i did. we have the _ can do better than i did. we have the strongest economy in the world. have the strongest economy in the world-— the world. the president-elect -romises the world. the president-elect promises to — the world. the president-elect promises to speed _ the world. the president-elect promises to speed up - the world. the president-elect promises to speed up permits| promises to speed up permits for anyone who invested billion dollars in the us. the cost of living continues to cause headaches in the uk. this is business today. we will start in the us where presidentjoe biden will defend his economic legacy.

the us biggest trading partners are mexico and china. in a speech at a think tank, the outgoing president said he is leaving donald trump the strongest economy in modern history. strongest economy in modern histo . ., ., history. our economics primarily _ history. our economics primarily benefit - history. our economics primarily benefit those | history. our economics i primarily benefit those at history. our economics - primarily benefit those at the very— primarily benefit those at the very top _ primarily benefit those at the very top historically. we have been — very top historically. we have been running an economy that benefits— been running an economy that benefits everyone. there are 16 million — benefits everyone. there are 16 million newjobs. more than any single _ million newjobs. more than any single president in a single term — single president in a single term in_ single president in a single term in history.— single president in a single term in history. the treasury, secretary _ term in history. the treasury, secretary has _ term in history. the treasury, secretary has been _ term in history. the treasury, secretary has been echoing i term in history. the treasury, l secretary has been echoing joe secretary has been echoing joe biden �*s remarks. donald

trump's desire to impose imposed taxes could derail things. we will have the inflation figures for november a few hours from now. it could go from 2.60 2.7%. some fear the donald trump's protectionist policies could have some immediate impact. he is have some immediate impact. he: is leaving and economic tailwind for the president—elect. the us is clearly moving in a more protectionist direction. it will lead to higher prices. it will lead to higher prices. it will lead to higher prices. it will lead to higher inflation. meanwhile, donald trump is continuing to announce his economic policies. he has promised to speed up permits for those investing $1 billion in the united states. here is our united states

correspondence. our united states corresondence. , , correspondence. this requires federal agencies _ correspondence. this requires federal agencies to _ correspondence. this requires federal agencies to conduct i federal agencies to conduct reviews about energy and infrastructure projects. donald trump has promised to speed up those environmental reviews for those environmental reviews for those who invest $1 billion. he has promised to boost america's domestic energy industry. he did not prompt this any details. he did not provide any details. he did not provide any details on how investors will secure these. he complained about the length of time that these reviews can take. they are expensive delays. environmental activists are dismayed. corporate polluters cannot bribe their way. we will

keep fighting to defend our bedrock environmental protections and ensure they blighter everyone. this is perhaps one of the earliest efforts we have seen so far from the camp administration, both on the environment friend and on the deregulation front. we will be keeping a close eye on that for you. a quick update on that for you. a quick update on those tariffs. it was reported in the financial times today there will be steep new tariffs on china. the current levy will increase to 50% on materials. this is a material thatis materials. this is a material that is used for making solar panels. elsewhere today, rental prices continue to go up according to new figures from the property weds site, simpler. renting a new property is on average £270 more expensive than it was at the end of the pandemic. red began

to soar in 2021 because of high demand from tenants after lockdown downs lifted. a limited number of properties were available. the annual cost of renting has gone up by 27% in those three years compared with 19% rise in average earnings over the same period. letters get the thoughts of a campaigner. when we hear numbers like that, it is no surprise people are struggling to get on the property ladder or even to be able to afford to rent. this isjust about or even to be able to afford to rent. this is just about supply and demand, isn't it? this rent. this isjust about supply and demand, isn't it?- rent. this isjust about supply and demand, isn't it? this is a crunch moment _ and demand, isn't it? this is a crunch moment right - and demand, isn't it? this is a crunch moment right now. - and demand, isn't it? this is a| crunch moment right now. this has been decades in the making. it began with the sell—off of council housing back in the 19805 and the dismantling of basic tenancy protections. things like rent controls. we have a sister now where the government is overly reliant on unregulated private landlords

for the help they shouldn't�*s housing needs. tenants have no choice but to rent privately and pay extortionate rents. the government is subsidising the private sector in the form of housing benefit to the tune of billions a year, or when people end up homeless, the government is paying billions every year in emergency homeless accommodation. it is mass handover of public wealth to the private sector. if you want to turn this housing crisis around, we need to reverse this process. we need to bring back rent controls. we need some investment in social and council housing so that everyone has a secure place to call home whether or not you can afford landlord's rents. the current government says it wants to build more houses and it is laying out plans on how

to tend to do that. we know that takes a long time. it does not solve the immediate problem. you talk about unregulated landlords. what regulation would you like to see? what would make a difference in the short term? right now, the government has pledged to ban no fault section 21 evictions. that is a massive step forward for tenants. we also need lint mitts on rent increases. it is outrageous that you can be forced out of your home because your landlord can increase your read by 30% in one go. peoplejust can increase your read by 30% in one go. people just can't afford it. they ended being pushed out of the communities they have called home for generations. we need limits on the amount that landlords can increase rent by.— increase rent by. jay, good have you — increase rent by. jay, good have you with _ increase rent by. jay, good have you with us. - increase rent by. jay, good have you with us. we - increase rent by. jay, good have you with us. we talkl have you with us. we talk again. a really important issue. we will talk about that

some more. chances are you're having a coffee wherever you are in the world will stop it could cost you more pretty soon. many coffee brands are likely to raise coffee prices by 30% next year. this comes as the price of coffee, on international commodity markets as it is high—level on tuesday. that is because the price of arabic beans topped $4 a pound. that is led by more than 80% this year. let us talk to a coffee specialist. talk to us about that news. 30% increase in that producer's prices. consumers are going to feel this, aren't they.— consumers are going to feel this, aren't they. people will alwa s this, aren't they. people will always drink _ this, aren't they. people will

always drink coffee. - this, aren't they. people will always drink coffee. at - this, aren't they. people will always drink coffee. at work| always drink coffee. at work and at home. but clearly, they are going to have to look at their budgets. operators are going to have to put the price of coffee at their local coffee shops. of coffee at their local coffee sho s. ~ . of coffee at their local coffee sho s. . ., , of coffee at their local coffee shos, . ., , ., ,, of coffee at their local coffee shos. ~ ., , ., ,, wh shops. what is happening? why -rices shops. what is happening? why prices rising? — shops. what is happening? why prices rising? there _ shops. what is happening? why prices rising? there are - shops. what is happening? why prices rising? there are a - prices rising? there are a number of factors. some very long—standing factors. bad weather conditions and turn parts of the world, largely caused by climate change. that is something that is not going to change immediately. in brazil, it is having a knock—on effect in coffee prices all over the world. there are some other factors which are even more long term and harder to shake. one is the rising dollar, the labour costs where coffee is grown. and the shortage of labour on the

coffee farms themselves. you can make a living from it. we talk about a price having increased by 80% this year, but increased by 80% this year, but in terms of real prices, in terms of economic and given the price of inflation, the prices haven't risen very much for the farmer. even over the last 20 years. taking the real price of coffee farmers, in negative territory. that is not an industry that people are going to invest in. our long—term coffee supply is threatened by climate change, it is threatened by the viability of the coffee industry. you threatened by the viability of the coffee industry.- the coffee industry. you said eo - le the coffee industry. you said peeple will _ the coffee industry. you said people will still _ the coffee industry. you said people will still keep - the coffee industry. you said| people will still keep drinking coffee. at what price will get to when people will say they can't afford it any more inhabitable change? we can't afford it any more inhabitable change? we saw a 1596 inhabitable change? we saw a 15% increase _ inhabitable change? we saw a 1596 increase in _ inhabitable change? we saw a

1596 increase in prices - inhabitable change? we saw a 1596 increase in prices in - inhabitable change? we saw a 1596 increase in prices in the l 15% increase in prices in the uk. certainly that level in london in the past year. at the high street coffee chains. that really hasn't dampened the consumer's love of coffee stop it is a little treat. there are very tough economic times. people are choosing to make better coffee at home, gaining the skills. they do during the lion's share of a coffee at work. but clearly, consumers are not going to give up coffee, but they mayjust dial back a little bit. coffee, but they may 'ust dial back a little bith coffee, but they may 'ust dial back a little bit._ back a little bit. really good to talk to — back a little bit. really good to talk to you, _ back a little bit. really good to talk to you, geoffrey - back a little bit. really good i to talk to you, geoffrey young. just time to tell you that general motors has announced it will stop funding the development of the crew self driving taxi. it says it will now concentrate on personal vehicles. the company

attributed change of strategy to the considerable time and resources that will be needed to scale the business. the sale of right wing can bring the theorist, alex jones, of right wing can bring the theorist, alexjones, has been rejected by bankruptcy court. after a two—day hearing, the auction did not result in the best it's possible. this company has been hit with a large fine. for breaching anti—money laundering rules. that is your business today. we will see very soon. goodbye.

the football association in england has let to make their stance known. the norwegian football association says they will oppose to buy�*s bid. football association says they will oppose to buy's bid. saudi arabia has _ will oppose to buy's bid. saudi arabia has pulled _ will oppose to buy's bid. saudi arabia has pulled no _ will oppose to buy's bid. saudi arabia has pulled no punches. arabia has pulled no punches when it comes with sporting events and. it is about to host the biggest football tournament. they claimed that it would be a world—class event. two and opposed bits were handled together. confirmation came via a prose clause. morocco portugal and spain are going to be co—host

of the 2030 will cap.