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to 0—point—7 % in the year before the general election, as our business correspondent, joe lynam, reportsen theresa may became prime minister a year ago, she promised to work hardest for those "just about managing." but a year later, those so—called jams have seen the rate at which their incomes grow more than halved. in 2016, it stood at 1.6%, butjust before the general election, it fell to 0.7%. before the financial crisis in 2008, incomes had grown an average rate ofjust over 2%. incomes for younger families, though, have not risen at all in 15 years. while pensioner incomes have grown by 30% in that time, due to soaring property values. the big winners have been those with mortgages, who have seen the interest rate on their mortgage come down significantly. and if they've stayed in theirjobs, yes, they may not get the earnings growth they wanted, but they have benefited from the low interest rates. the big losers have been the young people. young people are still 10% lower than where they were today. and if they're renting, there is even more pressure on the budget. while average hous
to 0—point—7 % in the year before the general election, as our business correspondent, joe lynam, reportsen theresa may became prime minister a year ago, she promised to work hardest for those "just about managing." but a year later, those so—called jams have seen the rate at which their incomes grow more than halved. in 2016, it stood at 1.6%, butjust before the general election, it fell to 0.7%. before the financial crisis in 2008, incomes had grown an average rate ofjust over...
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Jul 3, 2017
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our business correspondent joe lynam reports.be taking back control over who fishes in its waters. so it is quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two—year notice period. and this is important to give us the legal clarity. we're absolutely clear that, when we leave the eu, we leave the common fisheries policy, and we will take control so what is the london fisheries convention? at the moment, trawlers from france, belgium, netherlands, germany and ireland can fish to within six nautical miles of the british coastline. boats from these countries catch 10,000 tons of fish in this area a year. but that is a fraction, just over 1%, of the 700,000 tons a year caught by british fishermen. the real haggling between brussels and london will be over this — the much wider 200 nautical miles of water around the uk. but the decision has ange
our business correspondent joe lynam reports.be taking back control over who fishes in its waters. so it is quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two—year notice period. and this is important to give us the legal clarity. we're absolutely clear that, when we leave the eu, we leave the...
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Jul 17, 2017
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joe lynam, bbc news. let's check in with the financial markets.bsite, itv naming easyjet's carolyn mccall as the new chief executive. as we were saying earlier, on the back of this story we saw that itv shares have rallied whilst easyjet's have taken a slump. carolyn mccall appointed adds the new chief executive of the broadcaster itv, having formerly been at the budget airline easyjet. there's been a lot of speculation on this move already affecting the share prices of both the companies. now we have that story confirmed. much more on the bbc website for you, including the biz live page. 0verseas landlords shun the uk as tax changes bite. much more on the bbc news website. china's economy grew at 6.9%, higher than many forecast. it's trying to rein in debt. let's check in with the financial markets. the nikkei is closed for a public holiday today. a quick look at how the markets are faring. let's get the inside track. today we are going to get busy with a fizzy, a slogan that was made to sell sugary sodas, which is now being used to persuade cons
joe lynam, bbc news. let's check in with the financial markets.bsite, itv naming easyjet's carolyn mccall as the new chief executive. as we were saying earlier, on the back of this story we saw that itv shares have rallied whilst easyjet's have taken a slump. carolyn mccall appointed adds the new chief executive of the broadcaster itv, having formerly been at the budget airline easyjet. there's been a lot of speculation on this move already affecting the share prices of both the companies. now...
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Jul 30, 2017
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joe lynam reports.ey are the future captains of industry, but the cost of studying has mushroomed in recent years. now there's concern that tuition fees might have to rise again. that's because the main pensions scheme for lecturers, known as uss, has posted a record black hole and ways have to be found to reduce it. universities only have a limited number of sources of income. the main source of income is obviously from student fees and it seems inconceivable to me that student fees will not have to be diverted into plugging the pension deficit. under international accounting rules, the uss pension scheme deficit almost doubled from £8.5 billion last year to £17.5 billion this year. now that gives the scheme, which has almost 400,000 members, lecturers and academics, the dubious distinction of being a record pension deficit for this country. but the chief executive of the scheme says it's way too early to think about hiking student fees. we are not responsible for setting tuition fees, clearly, but we
joe lynam reports.ey are the future captains of industry, but the cost of studying has mushroomed in recent years. now there's concern that tuition fees might have to rise again. that's because the main pensions scheme for lecturers, known as uss, has posted a record black hole and ways have to be found to reduce it. universities only have a limited number of sources of income. the main source of income is obviously from student fees and it seems inconceivable to me that student fees will not...
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joe lynam, bbc news.e reaction from what police are calling a ‘new psychoactive substance'. the girl was found unconscious in a park in newton abbott today. the girl was found unconscious in a park in newton abbott today. 0ur correspondent, chloe axford, is at the scene for us: we don't know the huge amounts but we know it was at this park on the edge of newton abbot in south devon does a girl was found unconscious a playground behind me, that is sealed off this morning and police have examined it. she was taken to hospital by paramedics, they were called this morning. she was taken to torbay hospital and died there. another girl was taken in as a precaution. it is believed they were had taken a legal high that they have an adverse reaction to. police said the girl's family have been informed, and are examining the scene for what the girls might have taken. identifying inherited heart conditions can save lives — but many of us don't know that we're carrying the gene that causes a disease known as hcm. sir
joe lynam, bbc news.e reaction from what police are calling a ‘new psychoactive substance'. the girl was found unconscious in a park in newton abbott today. the girl was found unconscious in a park in newton abbott today. 0ur correspondent, chloe axford, is at the scene for us: we don't know the huge amounts but we know it was at this park on the edge of newton abbot in south devon does a girl was found unconscious a playground behind me, that is sealed off this morning and police have...
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Jul 31, 2017
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our business correspondent joe lynam reports.nder eu rules of origin, any spirit described as scotch whiskey must be aged released three years and matured in scotland. but the scottish government says the us negotiators during the recent trade talks with the eu had wanted this definition to be relaxed to accommodate its whiskey makers. so now holyrood wants the eu definition of scotch to be incorporated into uk law after brexit. that is because whiskey making supports 20,000 jobs and is worth £4 billion to scotland. we have to make absolutely certain that any deal done with the us protects scottish jobs. if that deal does not protect the definition of whiskey as a spirit matured for three years or more, it weakens that definition and we will lose scottish jobs in the whiskey industry. 10,000 jobs depend on it, another 10,000 in the supply chain. so we tell liam fox, don't tangle with the scottish whiskey industry, protect it. don't sell it away. a spokesperson for the department of international trade which co—ordinates future de
our business correspondent joe lynam reports.nder eu rules of origin, any spirit described as scotch whiskey must be aged released three years and matured in scotland. but the scottish government says the us negotiators during the recent trade talks with the eu had wanted this definition to be relaxed to accommodate its whiskey makers. so now holyrood wants the eu definition of scotch to be incorporated into uk law after brexit. that is because whiskey making supports 20,000 jobs and is worth...
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Jul 3, 2017
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joe lynam, bbc news. her fear that she would never play tennis again after being attacked in her home six months ago. suffering serious injuries to her left hand, she faced a gruelling fight to regain her fitness, and will be competing at wimbledon, which gets under way on monday. 0ur sports correspondent david 0rnstein has been to meet her. she is a two—time wimbledon champion whose life was turned upside down. just days before christmas, petra kvitova was attacked in her own home by an intruder with a knife. her recovery has been remarkable. i presume you're not drinking from it? well, not yet. i think it's waiting for some big party maybe... but she told me the career—threatening injuries to her playing hand left physical and mental scars. i had all my fingers cut, all seven tendons actually, on five fingers. the lowest point, it's tough to say. i mean, of course, i had some bad dreams afterwards. i couldn't sleep well. i was still a bit tired from everything that happened. emotionally, i was very empt
joe lynam, bbc news. her fear that she would never play tennis again after being attacked in her home six months ago. suffering serious injuries to her left hand, she faced a gruelling fight to regain her fitness, and will be competing at wimbledon, which gets under way on monday. 0ur sports correspondent david 0rnstein has been to meet her. she is a two—time wimbledon champion whose life was turned upside down. just days before christmas, petra kvitova was attacked in her own home by an...
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joe lynam, bbc news. physicists, he's also spent most of his life struggling with the affects of motor neurone disease. professor hawking's been marking his 75th birthday with a lecture at cambridge university. he's been talking to our science correspondent pallab ghosh. when i was diagnosed at 21, i was told it would kill me in two or three years. now, 54 years later, albeit weaker and in a wheelchair, i'm still working and producing scientific papers. today, stephen hawking celebrates his 75th birthday. but it's been a great struggle, which i have got through only with a lot of help from my family, colleagues and friends. at an event at cambridge university to pay tribute to his life, he was applauded for his scientific achievements. the legacy will be the scientists that he inspired. and there will be thousands of them, and they're still being inspired today. so there will be ten—year—olds today, or eight—year—olds, who are reading about stephen, and reading about the work that he did, and may go on to
joe lynam, bbc news. physicists, he's also spent most of his life struggling with the affects of motor neurone disease. professor hawking's been marking his 75th birthday with a lecture at cambridge university. he's been talking to our science correspondent pallab ghosh. when i was diagnosed at 21, i was told it would kill me in two or three years. now, 54 years later, albeit weaker and in a wheelchair, i'm still working and producing scientific papers. today, stephen hawking celebrates his...
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joe lynam, bbc news.e gene that causes a disease known as hcm. sir david frost had the condition — and while it didn't cause his death he did pass it on to one of his sons miles who died at the age of 31. now, his family is trying to help other people to find out if they could be affected too. chris buckler reports. there's milesy. milesy, come here. in every child, you can find something of their parents, and often inherited alongside looks and characteristics are things that can't be seen. miles frost shared with his father david a gene responsible for a heart condition that led to his sudden death. for your 31—year—old brother to die, suddenly and unexpectedly, nothing can prepare you for it. and i'll never get over the pain of learning that for the first time. miles loved sport, and he seemed extremely healthy, but he died after going out for a run. his brothers have now set up a fund which, along with the british heart foundation, is paying for people to be tested for an inherited heart condition. mi
joe lynam, bbc news.e gene that causes a disease known as hcm. sir david frost had the condition — and while it didn't cause his death he did pass it on to one of his sons miles who died at the age of 31. now, his family is trying to help other people to find out if they could be affected too. chris buckler reports. there's milesy. milesy, come here. in every child, you can find something of their parents, and often inherited alongside looks and characteristics are things that can't be seen....
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joe lynam, bbc news.. she was the first—ever female winner of the prestigious fields medal — which is considered the nobel prize for mathematics. the award in 2014 was in recognition of her work on complex geometry. she was 40 years old. we can speak to a professor who knew her. condolences for your loss, she was an extraordinary person. she was, she was a wonderful person and a willing mathematician, it is rather hard to explain how wide but somebody mentioned the words artistry in mathematics and that is what she showed us all to a very high degree. can you explain a little bit about how work because it is difficult to make it understandable. i think the best way to say it is that she was applying ideas that have been developed in connection with the theory of chaos. the theory that enables us to study very complicated systems that are moving in time, and she applied ideas from that theory to geometrical structures, particularly surfaces that are changing in time. imaginea surfaces that are changing in
joe lynam, bbc news.. she was the first—ever female winner of the prestigious fields medal — which is considered the nobel prize for mathematics. the award in 2014 was in recognition of her work on complex geometry. she was 40 years old. we can speak to a professor who knew her. condolences for your loss, she was an extraordinary person. she was, she was a wonderful person and a willing mathematician, it is rather hard to explain how wide but somebody mentioned the words artistry in...
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Jul 2, 2017
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joe lynam, bbc news.a further 32 high rise buildings that have failed fire safety tests, taking the total number to 181. tests are continuing nationwide, in an attempt to identify buildings encased in cladding similar to that used on the grenfell tower. according to the figures, salford has the greatest number of high rises that have failed tests. at least 19 people have been killed in a suicide car bombing in the syrian capital, damascus. the bomber was in one of three cars that had been pursued by security forces. the other two car bombs were intercepted and destroyed. iraqi special forces have recaptured more territory in the old city of mosul, in the final stages of the operation to drive out so—called islamic state. troops and police are now closing in from three sides on the militants, who captured the city three years ago. but iraqi commanders say as many as 50,000 civilians may be trapped behind is lines, as 0rla guerin reports from mosul. safe at last from the dying days of battle against is. tra
joe lynam, bbc news.a further 32 high rise buildings that have failed fire safety tests, taking the total number to 181. tests are continuing nationwide, in an attempt to identify buildings encased in cladding similar to that used on the grenfell tower. according to the figures, salford has the greatest number of high rises that have failed tests. at least 19 people have been killed in a suicide car bombing in the syrian capital, damascus. the bomber was in one of three cars that had been...
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joe lynam, bbc news.nto gatwick airport were diverted this evening after reports of a drone flying close to the runway. the airport was closed for two periods of nine minutes and five minutes, with flights being directed to stanstead and bournemouth. easyjet and british airways confirmed they were affected by the disruption. police say they are investigating the incident. the government has identified a further 32 high—rise buildings that have failed fire safety tests, taking the total number to 181. tests are continuing nationwide in an attempt to identify buildings encased in cladding similar to that used on the grenfell tower. according to the figures, salford has the greatest number of high—rises that have failed tests. iraqi special forces have recaptured more territory in the old city of mosul, in the final stages of the operation to drive out so—called islamic state. troops and police are now closing in from three sides on the militants, who captured the city three years ago. but iraqi commanders s
joe lynam, bbc news.nto gatwick airport were diverted this evening after reports of a drone flying close to the runway. the airport was closed for two periods of nine minutes and five minutes, with flights being directed to stanstead and bournemouth. easyjet and british airways confirmed they were affected by the disruption. police say they are investigating the incident. the government has identified a further 32 high—rise buildings that have failed fire safety tests, taking the total number...
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Jul 29, 2017
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joe lynam, bbc news. nawaz sharif has named his brother as his successor. mr sharif was forced to resign as prime minister yesterday over corruption allegations. his brother, shahbaz, is currently the chief minister of punjab province. but he won't be able to take over straight away, as our south asia correspondent justin rowlatt reports from islamabad. rain lashed down as the ruling party gathered to choose a new leader. many in pakistan hoped yesterday's supreme court ruling that prime minister nawaz sharif was unfit to hold office, would begin a cleansing of corruption within the political class. the disgraced former prime minister today denied any wrongdoing, before introducing the new leader. his brother, shahbaz. an interim prime minister will hold the fort until shahbas sharif gets a seat in parliament. you would have thought keeping the party leadership and therefore the prime ministership of pakistan within the same family, would be controversial. but the only rally anywhere near the pakistani ca
joe lynam, bbc news. nawaz sharif has named his brother as his successor. mr sharif was forced to resign as prime minister yesterday over corruption allegations. his brother, shahbaz, is currently the chief minister of punjab province. but he won't be able to take over straight away, as our south asia correspondent justin rowlatt reports from islamabad. rain lashed down as the ruling party gathered to choose a new leader. many in pakistan hoped yesterday's supreme court ruling that prime...
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joe lynam, bbc news.00 members of the security forces and civil service — president erdogan arrived at a mass rally were hundreds of thousands of supporters have gathered for the commemorations. he is due to unveil a memorialfor the commemorations. he is due to unveil a memorial for the victims. commemorations. he is due to unveil a memorialfor the victims. people also visit the bridge were soldiers had surrendered. earlier he attended a special session of the turkish parliament. since the coup attempt, the government has fired more than 140,000 the government has fired more than 140 , 000 state the government has fired more than 140,000 state employees. 7,000 more we re 140,000 state employees. 7,000 more were dismissed on friday. this time last year i was speaking to you while you were in turkey. we had no idea which way this was going to go. absolutely. i remember we were actually driving from my friend's wedding that i had to abandon when it became apparent that there was a coup attempt going on. arri
joe lynam, bbc news.00 members of the security forces and civil service — president erdogan arrived at a mass rally were hundreds of thousands of supporters have gathered for the commemorations. he is due to unveil a memorialfor the commemorations. he is due to unveil a memorial for the victims. commemorations. he is due to unveil a memorialfor the victims. people also visit the bridge were soldiers had surrendered. earlier he attended a special session of the turkish parliament. since the...
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joe lynam, bbc news. key vote takes place to elect an assembly with broad powers to rewrite the country's constitution. critics of president nicholas maduro say it's nothing more than a power grab. the oil rich nation is mired in economic crisis and violent demonstrations which began in april have left more than 100 people dead. 0ur south america correspondent, katy watson, has just sent this report from caracas. it has been four months of anger on the streets of venezuela and there is no sign of an end. protest began after president nicholas maduro reversed a decision in congress, but by then the anger was clear. when former president hugo chavez came to power 18 years ago, many venezuelans wa nt to power 18 years ago, many venezuelans want to change. he won support among the poor because he promised to provide for them. it was the era of oil prices being high, but that is over. but his successor, nicholas maduro is accused of pushing venezuela to the brink. the government says the vote tomorrow is the o
joe lynam, bbc news. key vote takes place to elect an assembly with broad powers to rewrite the country's constitution. critics of president nicholas maduro say it's nothing more than a power grab. the oil rich nation is mired in economic crisis and violent demonstrations which began in april have left more than 100 people dead. 0ur south america correspondent, katy watson, has just sent this report from caracas. it has been four months of anger on the streets of venezuela and there is no sign...
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joe lynam, bbc news. me isjohn 0'connell from the tax payers alliance. thanks forjoining us. what do you make of these findings?” thanks forjoining us. what do you make of these findings? i think this is what people are feeling in the real world , is what people are feeling in the real world, incomes are squeezed, living standards are not where they should be and inflation is starting to pick up. i think it is bearing out what is happening in the real world. what we need to pause and reflect on, people will say politicians should now step in and doing something, but maybe politicians should be doing less, looking at ideas that are starting employers' national insurance, the job tags, so employers can give people a pay rise, and loosening planning regulations to build more houses and drive down housing cost. those are the sorts of things people talk about perennially, and yet the actual impact they have on the economy is debatable, isn't it? weather on their own day are enough, if there are other factors,
joe lynam, bbc news. me isjohn 0'connell from the tax payers alliance. thanks forjoining us. what do you make of these findings?” thanks forjoining us. what do you make of these findings? i think this is what people are feeling in the real world , is what people are feeling in the real world, incomes are squeezed, living standards are not where they should be and inflation is starting to pick up. i think it is bearing out what is happening in the real world. what we need to pause and reflect...
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joe lynam, bbc news.lier i was joined by labour peer lord adonis, who advised tony blair on tuition fees. he says vice chancellors have serious questions to answer. this has happened at the same time as the explosion of pay for vice chancellors. there are a range of different options for dealing with the deficit. it is a death concerning future liabilities to it doesn't immediately impact the ability to pay retired academics and there is time to work what the solutions will be. but tuition fees have already been travelled from £3000, to £9,000. the government has linked them to the rate of inflation so linked them to the rate of inflation so heading towards £10,000. i don't think it is acceptable to the public 01’ think it is acceptable to the public or graduates for fees to rise any further. we will come back to what happens to fees in a moment, but with all this money sloshing around in universities, what is it being spent on? surely some of those tuition fees up to now could have been news for pension
joe lynam, bbc news.lier i was joined by labour peer lord adonis, who advised tony blair on tuition fees. he says vice chancellors have serious questions to answer. this has happened at the same time as the explosion of pay for vice chancellors. there are a range of different options for dealing with the deficit. it is a death concerning future liabilities to it doesn't immediately impact the ability to pay retired academics and there is time to work what the solutions will be. but tuition fees...
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our business correspondent joe lynam has more.st investment everin it is britain's biggest investment ever in public transport. it is designed to cut journey ever in public transport. it is designed to cutjourney times and increase passenger seats. it has been six years in the planning but now the first construction contracts have been signed and they are worth 6.6 billion pounds which would support 16,000 jobs during the construction phase. the first trains an expected to run until 2026. they should carry 2000 passengers per day. but hs2 has faced stiff opposition. a campaign says it will only benefit the richest in society and the corporation who build it. it could end up as the most expensive rail line in the world. even so the money work begins next year for what the government calls the backbone to britain's rail network. coming up at six o'clock on breakfast — the team will have all the day's news, business and sport. they'll also have more on the plan to reintroduce the wild lynx cat into england and why not everyone is con
our business correspondent joe lynam has more.st investment everin it is britain's biggest investment ever in public transport. it is designed to cut journey ever in public transport. it is designed to cutjourney times and increase passenger seats. it has been six years in the planning but now the first construction contracts have been signed and they are worth 6.6 billion pounds which would support 16,000 jobs during the construction phase. the first trains an expected to run until 2026. they...
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Jul 24, 2017
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our business correspondent is joe lynam.echnology has enabled fraudsters to use increasingly creative and believable ways to target the elderly. in a survey of more than a thousand over 65, a3% had been contacted thousand over 65, a3% had been co nta cted by thousand over 65, a3% had been contacted by scammers hoping to defraud them. of those targeted, 16% of single people paid out some money. two thirds of those did not report the matter to police. we would encourage people to not worry about being seen to be impolite. you have to look after yourself. scammers rely on your politeness. if it isa scammers rely on your politeness. if it is a call or e—mail you are not expecting offering you some offer or putting new under pressure, alarm bells should be going off and you should delete those things. in ours and tax known as fishing, and then fraudsters started contacting and their targets in person. detectives investigating the death of a young woman in south—west london have charged a 33—year—old man with murder, rape and kidn
our business correspondent is joe lynam.echnology has enabled fraudsters to use increasingly creative and believable ways to target the elderly. in a survey of more than a thousand over 65, a3% had been contacted thousand over 65, a3% had been co nta cted by thousand over 65, a3% had been contacted by scammers hoping to defraud them. of those targeted, 16% of single people paid out some money. two thirds of those did not report the matter to police. we would encourage people to not worry about...
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joe lynam, bbc news.first contracts, the transport secretary has said he has no reason to have any doubts about the project. speaking to the bbc, chris grayling said hs2 will be delivered on time and on budget. the project is essential for the future of our transport system. we have a situation today where the railways around our big cities are congested, where there is not enough space for all the freight services that would like to use our railways. if we are going to have the capacity we need for the future, we've got to get the express trains off those existing mainlines, create more space in london, birmingham, manchester, leeds for commuter trains and more space to get freight off the roads and onto rail. is it right to be spending all of this money on a train line like this when public sector workers haven't had a pay rise? shouldn't you be spending it on that instead? there is a big difference between the short—term money we spend on day—to—day services, on day—to—day pay for the public sector and
joe lynam, bbc news.first contracts, the transport secretary has said he has no reason to have any doubts about the project. speaking to the bbc, chris grayling said hs2 will be delivered on time and on budget. the project is essential for the future of our transport system. we have a situation today where the railways around our big cities are congested, where there is not enough space for all the freight services that would like to use our railways. if we are going to have the capacity we...
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joe lynam, bbc news. dismissing calls to cut the cost of its contraceptive morning—after pills. it had initially refused to drop the price of the medicines because it claimed that doing so would "incentivise inappropriate use" andy moore reports. the british pregnancy advisory service launched its campaign with a video mocking the high prices charged in the uk for the morning after pill. they said it would be cheaper to fly to france and buy it there for about £5. wait, so that's. .. 30 quid. 30 actual pounds? tesco and superd rug reduced their prices, but boots refused to back down, saying: there was a vigorous campaign on social media critising the company and calling for a boycott. 30 labour women mps sent a letter to the company yesterday saying boots was taking a moral position on what should be a personal choice for women. then came a late—night change of heart. in its statement, boots said it was truly sorry for its poor choice of words. it said it was committed to finding cheaper forms of the drug
joe lynam, bbc news. dismissing calls to cut the cost of its contraceptive morning—after pills. it had initially refused to drop the price of the medicines because it claimed that doing so would "incentivise inappropriate use" andy moore reports. the british pregnancy advisory service launched its campaign with a video mocking the high prices charged in the uk for the morning after pill. they said it would be cheaper to fly to france and buy it there for about £5. wait, so that's....
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our business correspondent joe lynam is here, joe. this shortfall sounds serious?n a pickle and the number has doubled over the last year. it is, as you say, the biggest financial pensions black hole in the country at the moment. and the government can't bear that out, this is not something the tax payers can set in and help. -- bail the tax payers can set in and help. —— bail it out. there are options, you can go back to the lecturers and academics who are part of the scheme, and say, you need to pay more and get less out. they took a hit last year, they may say no, that is not ok, we might want to change industries or even contribute as it is not affordable. the next option is not affordable. the next option is to go to donors, wealthy individuals who normally like to have their names on libraries and buildings at university, they may not like the idea of paying into a pension scheme. lastly, raising costs for strings, which is politically toxic, just ask the liberal democrats after 2015. —— prison costs for students. there are going to be paying it a high maximu
our business correspondent joe lynam is here, joe. this shortfall sounds serious?n a pickle and the number has doubled over the last year. it is, as you say, the biggest financial pensions black hole in the country at the moment. and the government can't bear that out, this is not something the tax payers can set in and help. -- bail the tax payers can set in and help. —— bail it out. there are options, you can go back to the lecturers and academics who are part of the scheme, and say, you...
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Jul 23, 2017
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joe lynam, bbc news. you are watching bbc news.lete power to pardon, and attacks the media for its coverage of claims russia interfered in the us election. let's stay with that story. richard painter is a corporate law professor with the university of minnesota, and former chief ethics lawyer for president george w bush. hejoins us now from minneapolis. richard, in your legal opinion, can the president pardon his family and himself, if it is found he engaged in wrongdoing? well, the president probably has the power to pardon his own family members, in addition to other individuals, if he so chooses. and that would probably be a valid pardon. it would also almost certainly lead to his impeachment and removalfrom certainly lead to his impeachment and removal from office, certainly lead to his impeachment and removalfrom office, if he would be pardoning family members or close associates this early in his term, in connection with this russia investigation. he does not have the power to pardon himself. no one can bea power to pardon hi
joe lynam, bbc news. you are watching bbc news.lete power to pardon, and attacks the media for its coverage of claims russia interfered in the us election. let's stay with that story. richard painter is a corporate law professor with the university of minnesota, and former chief ethics lawyer for president george w bush. hejoins us now from minneapolis. richard, in your legal opinion, can the president pardon his family and himself, if it is found he engaged in wrongdoing? well, the president...
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Jul 30, 2017
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our business correspondent joe lynam reports.d matured in scotland. but the scottish government says the us negotiators during the recent trade talks with the eu had wanted this definition to be relaxed to accommodate its whiskey makers. so now holyrood wants the eu definition of scotch to be incorporated into uk law after brexit. that is because whiskey making supports 20,000 jobs and is worth £a billion to scotland. we have to make absolutely certain that any deal done with the us protects scottish jobs. if that deal does not protect the definition of whiskey as a spirit matured for three years or more, it weakens that definition and we will lose scottish jobs in the whiskey industry. 10,000 jobs depend on it, another 10,000 in the supply chain. so we tell liam fox, don't tangle with the scottish whiskey industry, protect it. don't sell it away. a spokesperson for the department of international trade which co—ordinates future deals says that scotch is a uk export success story and will support the industry so it continues to t
our business correspondent joe lynam reports.d matured in scotland. but the scottish government says the us negotiators during the recent trade talks with the eu had wanted this definition to be relaxed to accommodate its whiskey makers. so now holyrood wants the eu definition of scotch to be incorporated into uk law after brexit. that is because whiskey making supports 20,000 jobs and is worth £a billion to scotland. we have to make absolutely certain that any deal done with the us protects...
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Jul 30, 2017
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here's our business correspondent, joe lynam.e the future captains of industry, but the cost of studying has mushroomed in recent years. now there's concern that tuition fees might have to rise again. that's because the main pensions scheme for lecturers, known as uss, has posted a record black hole and ways have to be found to reduce it. universities only have a limited number of sources of income. the main source of income is obviously from student fees and it seems inconceivable to me that student fees will not have to be diverted into plugging the pension deficit. under international accounting rules, the uss pension scheme deficit almost doubled from £8.5 billion last year to £17.5 billion this year. now that gives the scheme, which has almost 400,000 members, lecturers and academics, the dubious distinction of being a record pension deficit for this country. but the chief executive of the scheme says it's way too early to think about hiking student fees. we are not responsible for setting tuition fees, clearly, but we have
here's our business correspondent, joe lynam.e the future captains of industry, but the cost of studying has mushroomed in recent years. now there's concern that tuition fees might have to rise again. that's because the main pensions scheme for lecturers, known as uss, has posted a record black hole and ways have to be found to reduce it. universities only have a limited number of sources of income. the main source of income is obviously from student fees and it seems inconceivable to me that...
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Jul 29, 2017
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our business correspondent, joe lynam explained how difficult it would be to clear the pension scheme because it‘s private. your options are, you ask the existing people who would benefit from this scheme, academics, lecturers, to take another pay cut. they did that last year. they got their benefits cut last year. they won‘t be keen on that. if you ask them to take another pay cut, they may say, i‘m moving to germany or canada or the states. option two, you ask donors to pay more money, wealthy people who studied at these universities, to cough up more, but will they do that for a pension scheme? easy for oxford and cambridge, but not much for the less well known universities. last option, you ask students to pay more. that‘s controversial. there is a £9000 tuition cap on fees, would they go back to the government and say, we need to raise that even further, or start charging students for other things? maybe charging to use the wi—fi, or other things. it all makes a big headache, and you don‘t want to deter students as the uk emerges on this new post—eu path. north wales police are s
our business correspondent, joe lynam explained how difficult it would be to clear the pension scheme because it‘s private. your options are, you ask the existing people who would benefit from this scheme, academics, lecturers, to take another pay cut. they did that last year. they got their benefits cut last year. they won‘t be keen on that. if you ask them to take another pay cut, they may say, i‘m moving to germany or canada or the states. option two, you ask donors to pay more money,...
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Jul 29, 2017
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our business correspondent, joe lynam, explained how difficult if you have a pensions black hole and out because it's private. your options are, you ask the existing people who would benefit from this scheme, academics, lecturers, to take another pay cut. they did that last year. they got their benefits cut last year. they won't be keen on that. if you ask them to take another pay cut, they may say, i'm moving to germany or canada or the states. option two, you ask donors to pay more money, last option, you ask students to pay more. that's controversial. there is a £9000 tuition cap on fees, would they go back to the government and say, we need to raise that even further, or start charging students for other things? maybe charging to use the wi—fi, or other things. it all makes a big headache, and you don't want to deter students as the uk emerges on this new post—eu path. how come we are only hearing about this i would caution against some of the rather panicked reaction to the headline figure, because what we have to remember is that this kind of deficit is being measured at a very
our business correspondent, joe lynam, explained how difficult if you have a pensions black hole and out because it's private. your options are, you ask the existing people who would benefit from this scheme, academics, lecturers, to take another pay cut. they did that last year. they got their benefits cut last year. they won't be keen on that. if you ask them to take another pay cut, they may say, i'm moving to germany or canada or the states. option two, you ask donors to pay more money,...
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Jul 15, 2017
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joe lynam, bbc news.has been announced in the race to be uk city of culture 2021, taking over from hull. drum roll! here we go! coventry, paisley, sunderland, swansea and stoke—on—trent are all still in the running to host the year—long celebration of art and performance, which happens every four years. the winner will be announced in december. so, we've got to keep rolling the drums until then! yeah, so, we've got to keep rolling the drums untilthen! yeah, it so, we've got to keep rolling the drums until then! yeah, it wasn't great! some of the world is largest carnivores are being squeezed out of their natural habitat due to farming and human settlements. six species, including tigers and lions, have lost at least 90% of the areas that they have his territory occupied. researchers say the reintroduction into these landscapes would mean human beings more willing to share habitats with animals like wolves. the time is 8:10am. jay wynne will have the weather little later, and michael have the latest from w
joe lynam, bbc news.has been announced in the race to be uk city of culture 2021, taking over from hull. drum roll! here we go! coventry, paisley, sunderland, swansea and stoke—on—trent are all still in the running to host the year—long celebration of art and performance, which happens every four years. the winner will be announced in december. so, we've got to keep rolling the drums until then! yeah, so, we've got to keep rolling the drums untilthen! yeah, it so, we've got to keep...
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Jul 26, 2017
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joe lynam, bbc news.r arena bombing has taken place this lunchtime at the city's cathedral. saffie roussos was 8 years old, and had been given a ticket to the ariana grande concert as a christmas present. she'd gone to the show with her mother, who was seriously injured in the attack. the old bailey has been told that four pipe bombs built by a serving royal marine were used by terrorists in northern ireland. ciaran maxwell, who's 31 and from exminster in devon, pleaded guilty earlier this year to preparing terrorist acts linked to dissident republicanism. 0ur correspondent nick beake is at the old bailey now. what's happened in court today? we have got an extraordinary insight into the remarkable double life of this man ciaran maxwell. 0n the one hand he was somehow who vowed to serve queen and country as a marine. 0n the other hand, the court's been told he has s admitting he was speaking to a member of the continuity ira in terms of attacking police officers in northern ireland and a police station the
joe lynam, bbc news.r arena bombing has taken place this lunchtime at the city's cathedral. saffie roussos was 8 years old, and had been given a ticket to the ariana grande concert as a christmas present. she'd gone to the show with her mother, who was seriously injured in the attack. the old bailey has been told that four pipe bombs built by a serving royal marine were used by terrorists in northern ireland. ciaran maxwell, who's 31 and from exminster in devon, pleaded guilty earlier this year...
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Jul 2, 2017
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here's our business correspondent joe lynam.formal brexit talks started, there's a new front in the negotiations, and it's fish. the uk is quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two year notice period. this is important to give us the legal clarity. we're absolutely clear that when we leave the eu, we leave the common fisheries policy, and we will take control for managing fisheries resources in our own waters. that's right out to 200 nautical miles, or the halfway point, the median line. so what is the london fisheries convention? at the moment, other countries can't dish within six not come out of the british coastline. that is a tiny fraction of the more than 700,000 tonnes a year caught by british fishermen. almost all of that fish is caught in the 200 nautical miles around the uk coast. but the decision has angered the iris
here's our business correspondent joe lynam.formal brexit talks started, there's a new front in the negotiations, and it's fish. the uk is quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two year notice period. this is important to give us the legal clarity. we're absolutely clear that when we leave...
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Jul 2, 2017
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our business correspondent joe lynam reports.it talks set off, britain has said it would be taking back control over who fishes in its waters. so, it's quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two—year notice period. this is important to give us the legal clarity. we're absolutely clear that when we leave the eu, we leave the common fisheries policy, and we will take control for managing fisheries resources in oui’ own waters. so, what is the london fisheries convention? at the moment, trawlers from france, belgium, netherlands, germany and ireland can fish to within six nautical miles of the british coastline. boats from these countries catch 10,000 tonnes of fish in this area a year. that's a fraction, just over i%, 700,000 tonnes a year caught by british fishermen. the real haggling between brussels and london will be over this,
our business correspondent joe lynam reports.it talks set off, britain has said it would be taking back control over who fishes in its waters. so, it's quitting a 53—year—old convention which allowed countries like france and belgium to fish right up to the british coastline. we are giving notice that we intend to quit that. it's a provision in the agreement that enables us to do that with a two—year notice period. this is important to give us the legal clarity. we're absolutely clear...
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Jul 17, 2017
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our business correspondent, joe lynam, has more.s biggest investment ever in public transport. highspeed2 is designed to cut journey times and increase the number of passenger seats between london and the northwest via birmingham. it's been six years in the planning but now the first construction contracts have been signed, and they're worth £6.6 billion, which the government says will support 16,000 jobs during the construction phase. the first trains aren't expected to run, though, until 2026, by which time they hope to carry 300,000 passengers per day. £50 billion on a track of this nature... but hs2 has faced stiff opposition. the stop hs2 campaign in the chiltern says it will only benefit the richest in society and the corporations who build it. and reports on the weekend said hs2 could end up as the most expensive rail line per mile in the world. even so, the muddy work of spades in the ground begins next year for what the government calls "the backbone of britain's rail network." joe lynam, bbc news. so many questions. is it
our business correspondent, joe lynam, has more.s biggest investment ever in public transport. highspeed2 is designed to cut journey times and increase the number of passenger seats between london and the northwest via birmingham. it's been six years in the planning but now the first construction contracts have been signed, and they're worth £6.6 billion, which the government says will support 16,000 jobs during the construction phase. the first trains aren't expected to run, though, until...
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Jul 26, 2017
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joe lynam, bbc news. our top story this lunchtime.e of new petrol and diesel cars will be banned from 2040. the government wants to reduce emissions and encouraged the use of electric vehicles. we have to get rid of petrol and diesel to help health problems from emissions and meet our climate change targets. coming up in sport. england have been boosted by the return of defender casey stoney from a hamstring injury, ahead of theirfinal group game of the european championships against portugal tomorrow. the funeral of the youngest victim of the manchester arena bombing is taking place this lunchtime at the city's cathedral. saffie roussos was eight years old, and had been given a ticket to the ariana grande concert as a christmas present. she'd gone to the show with her mother, who was seriously injured in the attack. 0ur correspondentjudith moritz is at manchester cathedral. as you say the last of the funerals for the 22 people who died in the manchester attack, the last in part because the family of savvy results have had to wait unt
joe lynam, bbc news. our top story this lunchtime.e of new petrol and diesel cars will be banned from 2040. the government wants to reduce emissions and encouraged the use of electric vehicles. we have to get rid of petrol and diesel to help health problems from emissions and meet our climate change targets. coming up in sport. england have been boosted by the return of defender casey stoney from a hamstring injury, ahead of theirfinal group game of the european championships against portugal...
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Jul 24, 2017
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joe lynam, bbc news. calls a revolution in the way electricity is generated, used and stored. the business secretary, greg clark, is to announce more investment in battery technology and details of a competition to boost innovation in energy storage. under the plans, it is thought households could save up to £40 billion by 2050. the world's first full—scale floating wind farm has started to take shape off the north—east coast of scotland. eventually, five giant turbines will stretch for more than 175 metres and supply power to 20,000 homes. the first turbine was put into place off peterhead, in aberdeenshire. the remaining four arrive from norway in the coming weeks. as you know, it is a skill i have honed over years. the silent sneeze is very impressive. people say it is not very good for you. how do you keep it in? it is years of practice. i can't wait to see this. the doctor who writer steven moffat has laid to rest one of fans‘ most fiery debates — what is the time lord's name? and it may come as a su
joe lynam, bbc news. calls a revolution in the way electricity is generated, used and stored. the business secretary, greg clark, is to announce more investment in battery technology and details of a competition to boost innovation in energy storage. under the plans, it is thought households could save up to £40 billion by 2050. the world's first full—scale floating wind farm has started to take shape off the north—east coast of scotland. eventually, five giant turbines will stretch for...
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Jul 15, 2017
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with me is our business correspondent joe lynam. it sounds like a rather gloomy reading, this.s about income graves of the rate at which income, salaries, rent and deposit income, salaries, rent and deposit income has grown. in the run—up to the financial crisis the average rate of growth was around 2% then the big recession came and we all did a hit. what is the foundation are saying is that income growth rose in 2013, 2014 and 2015 but has fallen back since then and it affects different groups. so the older you are the more you're going to be affected. and a lot of this has got to do with property. assets. so young people are really struggling to get on housing ladder so struggling to get on housing ladder so they have to read. the costs are going up for them but they have no assets to show for that. the older you are, if you are a pensioner for example, you will have seen your property values soar and you are protected by the two block state pension. the top 1% people in the united kingdom, the wealthiest 1% own a quarter of all assets and they're heading for a record streak
with me is our business correspondent joe lynam. it sounds like a rather gloomy reading, this.s about income graves of the rate at which income, salaries, rent and deposit income, salaries, rent and deposit income has grown. in the run—up to the financial crisis the average rate of growth was around 2% then the big recession came and we all did a hit. what is the foundation are saying is that income growth rose in 2013, 2014 and 2015 but has fallen back since then and it affects different...
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Jul 22, 2017
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joe lynam, bbc news.hreats and abuse in relation to the case of the terminally ill baby, charlie gard. president trump takes part in the commission ceremony for a new aircraft as members have his family prepared to be questioned over links to the russians during his election campaign. airline pilots welcome plans to introduce tougher rules for owners of drones — due to concerns about the risk to aircraft. sport now, and time for a full round up from the bbc sport centre. britain's chris froome is all but certain of securing his third straight tour de france title — and fourth in all — when the race concludes in paris tomorrow. remarkably, he'll take the yellow jersey without having won a stage. froome had to settle for third place in today's penultimate stage, the time trial in marseille. but crucially froome extended his race lead to sa seconds over rigoberto uran and he won't be challenged tomorrow in paris. sunday's final stage is, by tradition a procession, with froome being crowned champion on the ch
joe lynam, bbc news.hreats and abuse in relation to the case of the terminally ill baby, charlie gard. president trump takes part in the commission ceremony for a new aircraft as members have his family prepared to be questioned over links to the russians during his election campaign. airline pilots welcome plans to introduce tougher rules for owners of drones — due to concerns about the risk to aircraft. sport now, and time for a full round up from the bbc sport centre. britain's chris...
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Jul 17, 2017
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joe lynam, bbc news.mother's home for the first time since her mum was killed by her step—father, who also shot dead her sister at their puppy farm in 2014. in april the independent police complaint's commission found that two surrey police staff were rebuked for returning shotguns tojohn lowe, who later murdered christine and lucy lee. and you can see that film of stacy banner returning to her mum's home at 9.15. for the first time doctor who will be a woman, she's been unveiled asjodie whittaker but everyone is happy about the change. the actress said she wanted to tell fa ns the actress said she wanted to tell fans not to be scared by her gender. there has been mixed reaction in the newspapers and from commentators something men are being marginalised, others saying the change is long overdue. and victoria will be talking to fans and the editor of doctor who magazine to see their reaction at 9.45. so many of you giving your views, rees saying jodie whittaker is brilliant, especially excited and used by
joe lynam, bbc news.mother's home for the first time since her mum was killed by her step—father, who also shot dead her sister at their puppy farm in 2014. in april the independent police complaint's commission found that two surrey police staff were rebuked for returning shotguns tojohn lowe, who later murdered christine and lucy lee. and you can see that film of stacy banner returning to her mum's home at 9.15. for the first time doctor who will be a woman, she's been unveiled asjodie...
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Jul 14, 2017
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time for a look at the big business stories of the week, and joe lynam is here to take us through them shares collapsed 1496. chief executive and shares collapsed 14%. on the whole, it looks like a really bad week for them. there is no talk of them being a takeover target because shares have collapsed by so much in a week. what about rbs? does this draw a line under things? $5.5 billion, that is not pocket change, but that is not the end of it. they will have to settle with another us regulator, the housing regulator. the bank has set aside £7 billion to pay us finds. they are not out of the woods, the shares took a hit when this was announced during the week. finally, is britain changing the rules to allow a major oil company floatation? this was saudi aramco, the biggest all company in the world is owned by the saudi arabian government. it is a sovereign wealth fund basically owned by the government of saudi arabia. normally, the rules are pretty strict. they are hoping to float somewhere in the world. london once this business. it is 5% of $2 trillion, which is a lot of money. the w
time for a look at the big business stories of the week, and joe lynam is here to take us through them shares collapsed 1496. chief executive and shares collapsed 14%. on the whole, it looks like a really bad week for them. there is no talk of them being a takeover target because shares have collapsed by so much in a week. what about rbs? does this draw a line under things? $5.5 billion, that is not pocket change, but that is not the end of it. they will have to settle with another us...