here in the uk, the institute for fiscal studies has been crunching the numbers — and says that peopleould happen again? if we‘re complacent, of course it could. history teaches us that there are financial crises from time to time around the world. we can come up with 60 or 70 examples over the course of the last century. and so the question is, what are we doing to guard against that complacency? i think those are the most important legacies. a lot of important changes to the way that the system operates, but it has to be an attitude, and that has to be structural changes that prevent a crisis like the one that we saw. there will be failures, there will be mistakes, but we shouldn‘t have to bear another financial crisis like the one that we saw ten years ago. let‘s hope he is right. kamal is here, our economic editor, who spoke to him. it was very interesting what he had to say, i have been listening to most of it and talking about the risk now, the various things that are seen from his perspective as a real risk in this time. absolutely, sally. the thing is, there is an old regulator

that is pauljohnston from the institute for fiscal studies. new which?fraudulent crimes solved as criminals steal almost £200 billion a year through a range of ever more sophisticated scams. joining us now is gareth shaw, money expert, at which? this is a pretty difficult survey to carry out and simply we do not know when ford has occurred. yes, one of the things that we were looking at was how often the crime of fraud gets solved. it is a shockingly low number, one in five fraud crimes gets solved by the police and 75% of the crime that is reported to action fraud, the centralised database that consumers are advised to report fraud to, go completely and dealt with and of the 25% that do get the dealt with, last year only 3% of those were solved and another 12% are currently being looked at. so there is a huge number of crimes that are not being dealt with. and when a consumer has lost potentially life changing sums of money, or a business for that matter, they can often feel like we have made a report of a crime and that goes nowhere, and often that is

research for the bbc by the institute for fiscal studies shows on average someone's ff real take homearning £2,100 less than people of the same age a decade ago. and the annual average salary has also fallen from £24,100 in 2008 to £23,300 last year. with me is carl emmerson, deputy director of the institute for fiscal studies, who carried out the analysis for the bbc. thank you for coming in to talk to us thank you for coming in to talk to usa thank you for coming in to talk to us a little bit more about it. a lot of figures there but the headline, i think, remains the same. wages have fallen, why? it has been remarkable. normally we would expect wages to grow over time and grow faster than inflation, but over the last ten yea rs, inflation, but over the last ten years, they have actually fallen relative to prices. initially, of course, we had a big recession, the financial crisis. what was perhaps even more interesting than that is the recovery afterwards has been so weak. productivity growth in the uk has been appalling, notjust through the crisis but all of the year since then and

the institute for fiscal studies says that money for 16— to 18—year—old students has dropped in realg funding in cash terms for the next two years. that's a summary of the latest bbc news. and the sport now. victory for simon yates in the vuelta a espana means all three grand tours this year have been won by british cyclists. yates, chris froome and geraint thomas are the 2018 champions of the vuelta, giro and tour de france. lewis hamilton cruised to victory in the singapore grand prix to strengthen his hold on this year's formula 1 drivers' championship. with six races to go, hamilton is a0 points clear of sebastian vettel, who finished third yesterday west ham had their first league win of the season, beating everton 3—1 to move off the bottom of the table and up to 16th place on what was manager manuel pellegrini's 65th birthday. and there were plenty of tears at the final golf major of the year — angela stanford of america couldn't stop crying when she won the evian championship — it was her 76th major appearance. try, try, try again. thank you. 9:32am. it is reported to be the

that is what the institute for fiscal studies have been looking at.is week, this month, to now, wages are on average £800 a year worse than they were for workers. if you wa nt than they were for workers. if you want to zoom in on which age group was worst hit, 30—year—olds, they feel the pinch a lot more, compared to where they were ten years ago. so, have we learned anything from this? it is clearly a big thing. it is all well and good reminiscing and looking at these figures, but mark carney and his team at the bank of england had put things in place. he thinks that there is still a possibility this could happen again. if we're complacent, of course it could. history teaches us that there are financial crises from time to time around the world. we can come up with 60 or 70 examples over the course of the last century. and so the question is, what are we doing to guard against that complacency. i think those are the most important legacies. a lot of important changes to the way that the system operates, that it has to be an attitude, and that has to

8% cut in real terms over the last ten yea rs in real terms over the last ten years —— institute for fiscal studiesore but that doesn't mean there's more but that doesn't mean there's more going into schools in real terms. we have cut and cut but we can't keep on doing more with less. you lobbied over the last few years but you've described the action today as unprecedented. we are relentlessly reasonable, we try to stick to the facts and we've gone down the usual channels but unfortunately the government just isn't listening. let's speak to the other head teachers. good morning, everybody! show of hands, how many head teachers have had to had to cut class sizes? increase class sizes, apologies! how many of you guys have had to cut curriculum offer? how many of you have taken part in anything like this before? nobody, unusual. becky, you are a primary school teacher.” nobody, unusual. becky, you are a primary school teacher. i am, nobody, unusual. becky, you are a primary schoolteacher. i am, yes. but i'm what we are talking about, class sizes, curricula offer, you're worried about the health welfa

under the banner, the worst mass campaign, these headteachers quit a report by the institute for fiscal studiesless campaign. this is a grassroots movement, not organised bya grassroots movement, not organised by a trade union, but by the teachers themselves. we are going to be doing... but the government says it is spending more money on schools than ever before. we are spending record amounts on school funding, £43.5 billion by 2020. but, yes, of course, scores are being asked to do more. standards are rising both in terms of the proportions of the schools that are doing outstandingly, and performance by pupils. but teachers say that this has led to cuts in music lessons, school trips, and summons of staff being made redundant. —— and some members of staff. rich preston bbc news. the competition regulator is to examine claims that phone companies, banks and insurers are ripping off loyal customers. citizens advice claims that people who stick with the same supplier for a long time are losing a total of 4 billion pounds a year — nearly £900 per person. the banking industry body says it will ca

research for the bbc by the institute for fiscal studies shows that on average, people's real annuale a decade ago. one of the hardest hit regions in the uk is the east midlands. colleta smith has been to newark to hear one family 5 story. life for mark and claire has changed over the last decade. we struggle from payday to payday. we're only sort of like one payday from going under. she works for a small business. holidays? yes, thank goodness for visa cards, otherwise we wouldn't have a holiday. he used to be a self—employed sports coach, but the work ran dry. i tried to live the dream of being my own boss. it was nice, but it got to a stage where, can we afford the mortgage? so he retrained as a teaching assistant. cuts had to be made. and i was one of them cuts that was made within schools and sporting organisations. the family budget is under pressure. we are a lot worse off. i'm earning the same amount per hour now than what i was earning ten years ago. the east midlands is one of the most tightly squeezed regions, with pay more than 6% lower than it was ten years ago. yeah. we

under the banner they worth less campaign, headteachers quit a report by the institute for fiscal studiese been pushed to act by our government slashing school budgets, this is a grassroots movement, not organised by the trade union bill by the themselves. you are going to be doing quick starter activities. the government say they are spending more money on schools than ever before. we are spending record amounts, 43 and a half billion pounds by 2020. of course schools are being asked to do more. standards are rising in terms of the proportion of schools judged good standards are rising in terms of the proportion of schoolsjudged good or outstanding and the reading of schools. these teachers say budget cuts have led to redundancies among support staff, increased class sizes and cuts to music lessons and school trips. much more coming up after half past including the film review but let's find out what the weather is doing. plenty of blue sky around, but it is certainly feeling fresher than it did yesterday, particularly across england and where. we will tend to see the winds increasing ac

the institute for fiscal studies says that money for 16—18—year—old students has dropped in real termst says it is protecting funding in cash terms for the next two years. motorists are being issued fresh warnings about the danger of driving too close to the car in front. highways england is launching a campaign to highlight that tailgating is the cause of one in eight road serious injuries or deaths. according to road safety research, tailgating can also lead to more trafficjams, caused by the ripple effect of drivers braking sharply to avoid a collision. game of thrones could match its own record tonight for the most wins at the us television awards, the emmys. the ceremony celebrates its 70th anniversary tonight. british hopes include nominations for thandie newton, benedict cumberbatch and vanessa kirby. sandra oh is the first woman of asian descent to be nominated for best actress, for her role in killing eve. iam i am really looking forward to that. it is quite hard for me, because i ama it is quite hard for me, because i am a big grey's anatomy fan, and she was one of the main c

crisis, according to calculations by the independent research group on public finances, the institute for fiscal studies years ago this week with the collapse of the american bank lehman brothers. the ifs says people now aged in their thirties have been worst affected by the resulting recession, which was the deepest to hit the uk since world war two. the bank of engand governor mark carney said the uk's debt level still caused some concerns. british households have worked hard and paid off a lot of debt. that has been hard for them. they have put the system and themselves in a better position. but the level of debt is still reasonably high after that, there are pockets with quite significant debt. so what we get concerned about is those areas taking ona concerned about is those areas taking on a lot more debt. a group of mps is criticising the government for the failure of the east coast rail franchise. the transport select committee says operators virgin and stagecoach were over—optimistic in their bid, and the government failed to stress—test the proposal. the line was brought back into public owners

the economic impact on the uk is still being felt now with analysis by the institute for fiscal studies by 6.3% average. and that is an impact on peoples shopping habits. the council had been trying to do more to help but also there is a for charity as well. john, explain what your charity, freedom, does? it was set up charity, freedom, does? it was set up on the basis that we should do something in our own communities. we provide debt advice and homelessness issues, we have a food bank, we promote credit unions, we have three drop in cafes for people to have somewhere to go and meet other people. have you seen things become worse in this area of the east midlands? a lot worse, yeah. we are seeing cases now, the volume of cases, it is just massive compared to what it was. just a very quick example on debt, what used to be ten, 20 years ago, people would come in and they would have five or six creditors and now it is often into double figures. they east midlands canjust behind double figures. they east midlands can just behind london double figures. they east midlands canjust behind lond

ian, our research from the institute for fiscal studies that was requested by the bbc shows that thee smile is perhaps coming back on shoppers around the market but we are having to do things differently. we are having to provide an experience rather than just retell. what kind of difference keeping investment is can to make? hopefully we will get people back into the town centre and to spend. that is what we hope that what we intend to take place. julia, you have a list of many years now. what are your hopes for the future here? lets hope it continues to improve. the way the market, the council, are promoting it, it is really good and we can see a resurgence really good and we can see a resurgence and it really is, you know, the atmosphere is really, really good and it will bring the people into the town i think. it will do the town good because the market is wonderful. they are a british institution and newark market is a fabulous place. it would be great to see it improve over the years. people here have been very friendly and there is plenty of choice despite the fact that there

analysis done for us by an institute of fiscal studies show people aged between 30 and 39 now are earningg 7. 2% less between 30 and 39 now are earning 7.2% less than the same age group backin 7.2% less than the same age group back in 2008. in terms of the eye of this analysis. james uses with us. the morning, james. you remember it well. i do indeed. a lot of sleepless nights and long days were happening ten years ago and you can often say, have we moved on and asked the question is, is there much difference. yes, there may be a difference. yes, there may be a difference in terms of how the economy is performing, more people are injobs, but in terms of the money in people's pockets, that's the bit that you can reallyjudge on how well we have recovered. i think thatis how well we have recovered. i think that is the issue. how well having recovered ? that is the issue. how well having recovered? not are we in a similar situation. yes, the economy is better but the debt levels in the country, and we are talking about personal debt, not government, government debt has reduced. but personal d

fiscal necessity for many institutions. we have this major shift. with the h-1b visa program, there's a pathway for people who arrive to study for undergraduate but also graduate to get a job in the united states and remain here at least as a temporary skilled worker. this is making this, this is talking about some of the relationship between higher education programs and employment and immigration. here we have in 2010, ethnic asian students, we don't really have the desegregated information. 25% of u.s. research doctorates. a huge chunk in certain stem fields. engineering, math, computer science, life sciences. i will also comment to you that it is not that there is a natural affinity between asians and the sciences. back to the 1950's, you have oral testimony, we can discern the patterns that taiwanese students knew that if they were admitted to a school in the united states and could get employment, they could stay in the united states. the fields they were most likely to accomplish this were science and engineering. a very practical set of considerations in terms of choosing the field to study. i also know this from family history on my father's