produce more semiconductors at home. a groundbreaking in germany looks to be a step in the right direction. flowing, welcome to the show. i'm seeing busy in berlin. it's good to have you with us. could tensions be lowering in the u. k. after months of labor strikes, the british government said tuesday, we'll implement a new pay deal covering more than a $1000000.00 nurses. after a majority of unions voted for the offer. however, other nursing unions have rejected the deal. while teachers unions are talking about ratcheting up their walk out this year, with u. k. government resistant union demand so far, it may looks like it could be a busy month for strikers. hundreds of thousands of public sector workers have been taking part in strikes in recent weeks. with many more industrial actions plant. it's one of the strongest trite waves in the united kingdom. in decades. persistent, double digit inflation and back break and cost of living crisis continue to take a toll on the lives of millions into

u. k. bottom transport is more expensive. yeah. yeah, my salary is going now with my son earn up. my bill is mine. i'll wait. the bill more novels yet he no longer water. it's not only health workers. teachers are also organized and coordinated strikes as they seek to increase pressure on the government in a dispute overpay. oh oh, well the government news in news does not good. you know, we some have to keep going to make the government lose any kind of situation is back benitez table. they need to use and to pay back what they owe. and, you know, the national education union has called for 2 strikes in recent weeks,

affecting 22000 schools. the action comes off to the any you rejected. a payoff for the u. k. government is criticizing the labor actions saying they're not doing any good. it's incredibly disappointed that going to go on strike, strike still do not add any value. they only cause damage and particularly to those young people that you were talking about. other public sector workers are now. i think they was as to those of the nurses and teachers saying enough is enough and this is going all the way to the crown. so the one parking attendance and rest minister are set to strike this week, including on the day of the king's coronation on saturday, after a new pay offer was rejected. but the ceremony looks like it will be quite a spectacle no matter the circumstances. vicki price is chief economic adviser at the center for economics and business research. she joins me now for more of vicky before we get into the economics

behind these labor actions. want to ask you as a londoner who's been living through the strikes in recent weeks, do you have the impression that the intensity has been growing? we read here about the coordination amongst these unions. we see how many different sectors are coming out. what's your impression, what have you seen? yes, although some unions, of course, have settled or auditing the members to see where the some of the office that have been made are going to be acceptable or not quite a lot of others are coming out and intensifying their precious. so yes, in london you feel it. of course you hear the stories about the impact of the ambulance workers strikes and nurses strike, which is important. but then of course, you know, people who are looking after children not being able to send them to school today. for example, there's a striking caught none of the london schools. so i just have an age of age. people consent, the kids there. so they have to work from home rail. of course we should been so

disrupted for awhile and those strikes are beginning again this month, which everybody had hoped that would have been the end. so i'm afraid, yes, life is interrupted and the impact on the economy, of course, is quite significant as well. when we look at this in a just deal a one off payment of 2 percent of sellers this year, a 5 percent raise next year. is this a template for resolving further strikes? is this essentially what's being discussed is a collection of one off payments with raises. and what does that really mean for these workers? well, the one are phrases. cost means that it doesn't get consolidated into your wage bill for the government at any rate or for whichever department is to pate. which means therefore that the cost when they increase their wages in the following year, are considerably less because the up to scan that you get is not from such a high level. so that's good news for those who are paying it, but not particularly good news for those to receive it, even though it might solve

a temporary cost of living issue. which as we know, has been a very, very important part of why those demonstrations are. and why people are striking. so yes, nevertheless, i think we are going to see that type of offer being accepted more widely because frankly, there isn't very much else that is on offer. and we're going to bear in mind that the reason why it's so bad in the u. k, is that we've had this long period of austerity after the financial crisis. we had years of public sector in particular, public sector freeze in wages except some of the lower paid ones. and of course we had public sector freeze again during the covey crisis. so whereas the private sector has been able to compensate a little bit more of the increase in cost of living, fuller employees. this is not been the case in the public sector. and if you look at the longer term impact on wages, and that's why one particular union, the nurses union is sticking out for a better offer than the one you suggested is because there has been such

a withdrawal if you like, of spending power over such a long period of time, there's something more need to give really to satisfy them. what to leave it there for now? that's vicky price. she's chief economic adviser at the centers at the center for economics and business research. thank you. seeing in europe a german ship maker, infineon has broken ground and a new 5000000000 euro expansion is resident which transfer off sholtes and you commission president wars live on the line both on hand for the ceremony. the smart power fat will produce a $300.00 millimeter way for with applications and consumer electronics. a plans call for a production start in 3 years. your points to increase its market share and computer to production, to being stung by recent shortages and venue, and is seeking 1000000000 euros and public financing. the expansion, in part from the use new chips act front rosenberg is director of silicon saxony. that's an industry group that lobbies for the region as

a hub for micro electronics and software. frank, welcome to the show. where will the chips produce in this new facility go? how they be used? cars, thanks for having me. well, the chips that continue produces are mostly use an hour to motor sector, but in every sector of the b call politics. so e, mobility, at large scale, you can think of fin turbines, etc. so everything that use a small power than a regular computer most probably has a chip of engine in it. ok, and we saw, remember the semiconductor crunch of the past couple of years. now, part of the financing for this facility is public funding to the tune of 1000000000 euros. that's roughly $1000000.00 euros per new job. there are 1000 jobs created in this. some have criticized that amount is that not extreme to have such high subsidies for this? it is extreme, but it's the level playing field that we see globally on the global scale. it's

even less funding that you would see on the, on effect in other areas. and also the calculation of 1000000 jobs created not quite correct as every job to be created in the fact of union directly. we create roughly $6.00 to $8.00 more drops in the right of each not to talk about economic ecosystem at large. you see this, this factor in other, other facilities that are in the region as helping you leverage further investment in the regions are fair to say yes, that's a fair claim. i mean, we are the headquarter of european microelectronics right now already and to re see otherwise of all industry and perspective the also to reach and in the upcoming. yes. can you talk about the pressure to secure that investment in a sector in which everyone is trying to get investment in semiconductors right now? is that a lot of pressure it is as it is in economy of scale and your scale of production areas,

i would call it not even production plays. it's really obvious with count now in the future. and so the, the competition has started already and is wanting, and it's not a competition of sex and even other areas in germany. it's a competition of europe with the rest of to build one of these facilities. one of these businesses mean for the region, some of our viewers might not be aware. this is in the former east germany, which traditionally has not had as much industry as the former west germany. yeah, in fact, micro like 20 so semi conduct industry was at the heart of industrial production, informed judy all times already here in the area. and in the mid ninety's we have seen huge settlements, also picked by public financing of by the time siemens and mt, which are now in finance and global foundries. and they really, why if the economy quote of, of the region, which is the very large abbey after, isn't in crew, it's also other major cities in saxony and this indeed, and really great driver of our economic growth in the past. yes,

if not decades. alright, that's frank burton bag, director of silicon saxony. thank you very much. thank you. over to australia now the country wants to extinguish babying the government announcing new rules to limit the use of ease. cigarettes, saying companies are marketing those vices to nonsmokers. take a look, cherry blackberry lemon, pineapple ice. they're not ice cream flavors. they're vapor flavors. well now, australia wants to remind beek tobacco what e secrets were actually made for. helping people quit smoking, not entice them to pick up justin of a dodgy habit with candy names and sparkly packaging. cambra announce a set of rules to put a stopper on illegal e secrets, imports and rain in big tobacco, allowing vapor only as regulated pharmaceutical products. so i just thought i did with viking. let's be very clear about with big tobacco has taken another addictive

product wrapped it in shawnee packaging, added sweet flavors to create a new generation of nicotine addicts. the new rules require vape packaging to look for monsieur to call like bedding their sale in convenience stores. the l for ministry also plans to lower the allowed levels of nicotine an outright ban. all single use vase reactions from australians were mixed with some expressing discomfort. a bug while they so as an overreach by the government. but many aussies are actually welcoming the reform, adding that vague being as gotten out of hand. although you find that like heats of your friend that they never actually suppose. i feel like bathing came in, this is like a cigarette, but now you sales people that you make that nevis my see with my with easy to get vague on the way out. and traditional secrets already costing a fortune. the government is hoping that australian smokers will now be left with just one affordable option. quitting for good. right,

that's our show. check us out online. you w dot com slash business. i'm see if there's ever lead. take care. oh, wait. a

a with a i'll probably will convince anyone with the sound of the bills and get it when it comes to a v y d 3 from china. the manufacturer thinks of it to impress on the european market. is this on the right track with long and to the throne? and finally, i could only urge you to think of your brand of those billions of b without voice from popular friends. ah,

to controversial monarch charles the 3rd, the making of a monarch in 70 d. w. of species populate our planet. most of them were here long before. it was only when humans came along that the great extinction began in amazing. divers still exist on the remote coast of the british isles, and they are calling to preserve this habitat with a story started

on the w. ah this is the w news line from berlin. saddam's warring armies agree anew. ceasefire, south sudan says the sudanese army unrivalled paramilitaries have agreed in principle to a week long truce and will name delegates to peace talks also on the program. the dis, information war in ukraine will look at how kremlin control me.