i think that should be the basis of a longer term governance reform whereby stage two of bevan's greatorm will be health and social care. it will be much more obviously owned by us, as the people. and our governors on that, mutual directors, whatever you wa nt to that, mutual directors, whatever you want to call them, will not only have the job of making sure we've enough money now but we're educated into the fact about what it will cost in the longer run. you had that clip from martin stevens at the beginning. we're going to go before the end of this parliament into a period where the amount each of us has spent on the health service, the services we have, it will fall. we've seen nothing yet, yet this nurse's note, how long can we continue working in the conditions that we're currently working in. what's been interesting in what you've been saying is that you've been using health, talking about health and social care interchangeably. sometimes you've said health plus social care. many people are pointing to the fact that the nhs and social care are not linked. and that, that is the f

james bevan, thank you very much for joining us today. thank you for the tweets. of people saying focus on the taxis as well, notjust uber. but a lot of people saying focus on the taxis as well, not just uberlj will. bye-bye. hello. it looks as if it will be a fairly cloudy day for many parts of the british isles and there is a chance of rain on a weak weather front for many areas too. but it is not all doom and gloom. there will be brightness and things will turn milder across western parts. there isafairamount milder across western parts. there is a fair amount of cloud across western areas. that will organise itself into a band of weather which will ease further east across the british isles. but it is making pretty slow progress. so it could well be that after the disappearance of early morning showers, i think much of east anglia and the south east could be in for a predominantly dry day with a wee bit of brightness. there is that weather front, the thicker cloud just bringing the odd bit and piece of rain. it could be that once it has moved further to the ea

bevans. the global warming conversation makes me crazy. i would like him to explain to recededhe glaciers and formed years ago our valleys and rivers and lakes. icese explain how the mini age in the middle ages ended. was it because of the -- host: josh bivens is an economist, not a climate scientist, but how do you respond? guest: the first response will be to punt. if you want an actual explanation, get an actual climate scientist. my understanding is there are cycles and a trend. ice ages have receded in the past that we are ordered about the overall trend. even in those cycles over time, we are shoving up the temperature by dumping so much carbon in the air. the economics come in in regards to what you do about it. on this one, the free market standard solution for this is to put a price on carbon. it is basically saying, it is imposing costs on people, so it should have a price, so we should be efficient in how we use it. .ou would not let somebody got their garbage on new york for free. , you would did that say, you are infringing on

let's get detailed analysis of all that with james bevan from ccla investment management.rm or are we expecting more falls for the following 18 months? forecasters have been wrong—footed. there was an expectation that after the brexit vote we would be going to hell in a handcart. the numbers have turned out to be much more robust. i think there are two more interesting issues at stake. the first is the only real impact of brexit so far has been a weaker pound, and that has been a weaker pound, and that has generally been good sentiment. second issue is that prices are rising. this is a real challenge in terms of what will the bank of england do in the face of higher inflation. let's move on to this research by the institute for fiscal studies. they say the younger generations will inherit more than their parents and grandparents, the wealth of that generation has grown by 45% which is quite considerable. where has that world come from? when they say it will be an unequal inheritance, what do they mean? what this is all about is the housing market. if your parents own an ex

let‘s get detailed analysis with james bevan, chief investment officer at ccla investment management.ess. do you think this will compensate for brexit or the impact bvb single market will have on businesses? i think mrs may's sta nce on businesses? i think mrs may's stance is different to mr osborne‘s. mr osborne‘s was, let‘s leave it to the market and hope the market gets it right. we will not do much. mrs may is talking more substantially about real intervention by government, with the expectation that she doesn‘t think that business alone will be able to sort out our problems. let's move onto one show. they begin the biggest dividend pay—out of 2016 —— shell. what are your views on that? i think the oil price will remain in the trading range. it may go up, but it is likely to be noisy and bumpy rather than unidirectional. the border issue for dividends within the uk is that we now have a relatively narrow base of very big company payments. so we have five companies paying 30% of dividends, and a lot of these dividends are due to the strength of the dollar and the euro relative to t