marc ashdown there.nds not to hinder bilateral cooperation in the semiconductor industry... and not to abuse export controls. this was after the dutch government announced new restrictions on the exports of some chips equipment — joining the us and japan. the netherlands is home to asml , one of the most important semiconductor companies in the world. electric cars have been promoted as one of the solutions to reducing the world's dependence on fossilfuels, and its production has increased around the world. but a report from the university of technology sydney says switching to electric cars could potentially cause more problems for the environment because demand for minerals like lithium would mean digging hundreds of new mines. elsa dominish is an author of that report and shejoins us now. it is an important part of the solution to decarbonization art transport system and they are better alternative than because we have now but they would be important but we know they are increasing demand for lots of

our business correspondent marc ashdown is here with more details. marc.t this survey between february and may and they asked 15,000 people in england, scotland and wales a series of questions. could they afford a one off sudden expense of £850? have they borrowed more in loans or credit cards recently? have they been able to save at all? and have they struggled with their energy bills? if someone answered yes to three or more of those, then they re considered "financially vulnerable". 0verall about a quarter of all adults surveyed were found to be. but certain groups appear to be struggling more than others. for example, 43% of renters said they had difficulty affording their rent. while just 28% of mortgage holders are struggling. tenants are also spending less on food and essentials... 58% compared to 48% of homeowners. across great britain 5% of adults said they had run out of food in the past two weeks. that rose to 28% for a parent living on their own with at least one child and 45% for those receiving help from a charity. the survey shows that age a

our business correspondent, marc ashdown.act — but what and who is involved. our reporter nicky schiller has more. cptpp is a bit of a mouthful to say. it is the comprehensive and progressive agreement for trans pacific partnership. it is a club of the 11 nations with 500 million people. the countries are australia, brunei, canada, chile, japan, malaysia, mexico, new zealand, peru, singapore and vietnam. together they generate around 13% of the world's income. the pacific trade pact was signed in march 2018. the uk is the first non—founding country to join and is the second biggest economy afterjapan. it takes the value of the new grouping to over $14 trillion, or £11 trillion. the key perk for all nations is greater access to each other�*s markets. there was also a pledge to eliminate or reduce 95% of import charges or tariffs. some are kept to protect sensitive domestic areas, things like japan's rice—farming industry. they must cooperate on regulations such as food standards, but unlike the european union, the cptpp is nei

welcome to world business report, i'm marc ashdown. we start here in the uk, and the economy — which has shrunk by 0.1% in may according to officialfigures. in fact, the uk economy has barely grown at all over the past four years — since before the covid pandemic. in may there were three bank holidays — including one for the king's coronation. and a series of strikes on the railways too. so what do these figures mean for where the economy is heading? and will public sector pay rises have an impact? the government here has just agreed to a recommendation for pay rises of between five and seven per cent for millions of workers — including teachers, police and junior doctors. we can go live to victoria scholar, head of investment, interactive investor. lets start with the reasons behind this. things like bank holidays strikes, how important are they? they are important and they can have a push and pull impact on these figures. we tend to see a boost to pub and restaurant although that wasn't the case in may, on the other hand, we tend to

our business correspondent marc ashdown reports.n by train drivers could see widespread disruption. from this morning, members of the aslef union have started refusing to do any time —— any overtime. it will last six full days. 15 different rail operators are involved, which runs services across england. they typically rely on drivers doing overtime to run their full schedules. many say they will be running a reduced timetable throughout this week. some are cancelling the first and last trains of the day. they could also be short notice cancellations. early advice is to check before travelling. these passengers in leeds summed up the mood. ~ �* ., ., ., ., mood. we've got to go to college, and i mood. we've got to go to college, and i have — mood. we've got to go to college, and i have to _ mood. we've got to go to college, and i have to get _ mood. we've got to go to college, and i have to get two _ mood. we've got to go to college, and i have to get two trains, - mood. we've got to go to college, and i have to get two trains, and

welcome to world business report, with me, marc ashdown. we start here in the uk, and the economy — which has shrunk by 0.1% in may according to official figures released this morning. in fact, the uk economy has barely grown at all over the past four years, since before the covid pandemic. there were three bank holidays in may, including for the king's coronation. and a series of strikes on the railways too. as ever it's a mixed bag — some industries like pubs, bars and restaurants — saw a drop in sales after a strong april, but arts and entertainment performed better. let's get more on this from mike ingram, who's a senior market strategist at activtrades. thank you for being with us. worth pointing out that this is slightly better than what was forecast by experts. how much of a worry is it that we have returned to negative growth? that we have returned to negative urowth? , that we have returned to negative . rowth? , ., . ., , that we have returned to negative urowth? , ., , , . growth? they were actually expecting 0.396 contraction _

our business correspondent marc ashdown has more now on what the deal means for british businesses andnd what this will mean is frictionless free trade for uk exporters. and this is a bloc which generates about 13% of the world's income. now the uk is on board. this should amount to about £11 trillion. what it means is no tariffs on all sorts of things from cheese and whisky and gin to cars and various bits of machinery. so it should in theory boost our exports. but it is worth noting a couple of things here. firstly, we did have deals already in place with nine out of 11 of these countries in this bloc. and as you alluded to there, in terms of what it's worth to our economy, well, the government's own estimates are that it will provide gains of about 0.08% over ten years. so give you give you an idea that's about $0.08 for every £100 we generate. and, of course, this was all about deals we could sign thanks to leaving the eu. and to give it a bit of context, the government's again own watchdog estimates that the cost of leaving the eu will be a reduction in gdp by about 4% over the ne

our business correspondent marc ashdown has been looking at the details.and and wales between february and may. they asked questions like whether they could afford a sudden one—off expense of £850, had they been unable to save, had they upped their borrowing, and were energy bills a struggle. a quarter of adults said yes to three or more of those, so they're considered financially vulnerable. but certain groups appear to be struggling more than others. when it comes to housing costs, 43% of tenants said they had difficulty affording to pay their rent. butjust 28% of mortgage holders are struggling with their repayments. for food, there are some worrying findings. one in 20 adults, that's 5%, said they had run out of food in the past two weeks. that rose to 28% for a parent living on their own with at least one child and to 45% for those receiving help from a charity. this survey shows that age and ethnicity are both factors too. younger people aged between 2a and 35 and the most likely to be struggling with bills. so too are people from black, african, asi

our business correspondent marc ashdown has more now on what the deal means for british businesses andfree trade for uk exporters and this is a block which generates about 13% of the roads and come and now the uk is on board and this should amount to about £11 trillion. but it means is no tariffs and also to things, from cheese to whisky, two cars and various bits of machinery and it should, in theory, booster exports and it is worth noting that we did have deals already in place with nine out of 11 of these countries in this block and in terms of what it is worth to our economy, the governments on estimates are that it will provide gains of about .8% over ten years and that's about 8p for every £100 we generate. and this was all about deals we could sign thanks to leaving the eu and give it a bit of context, the government as a watchdog and estimates the cost of leaving the eu will be a reduction in gdp by about 4% of the next ten years. in gdp by about 4% of the next ten ears. �* , , in gdp by about 4% of the next ten ears. , years. brexit, this is possibly one of man , years. brexit

let's get more on this with our business correspondent marc ashdown.o the uk. is this more symbolic than economically significant? strategic is how they are _ economically significant? strategic is how they are positioning - economically significant? strategic is how they are positioning this. i is how they are positioning this. it's a mouthful, to give it its full title, the comprehensive and... it is a club of 500 million people spread across the globe, across asia in the pacific, you can imagine canada, mexico all the way down to places like malaysia, peru, singapore, japan and new zealand. this will mean frictionless free trade for uk exporters and this is a block which generates 13% of the world's come. the uk is now on board and should be around £7 trillion. no tariffs and all sorts of things including alcohol, cars various bits of machinery and should in theory boost the mac boost our imports. we had deals already in place with nine out of the ii had deals already in place with nine out of the 11 countries in this block and as you alluded to, in

let�*s get more on this with our business correspondent marc ashdown.s? absolutely. cast our mind on how art works? absolutely. cast your mind back— on how art works? absolutely. cast your mind back to _ on how art works? absolutely. cast your mind back to october - on how art works? absolutely. cast your mind back to october when i on how art works? absolutely. castl your mind back to october when this all started, the energy crisis. the government came in with financial help, one of those was a payment of £400 they pledged to every uk domestic household and anyone who pays the bills via direct debit, their supplier got £66 of the bill will automatically. their supplier got £66 of the bill willautomatically. but their supplier got £66 of the bill will automatically. but not everyone has a traditional living arrangement, people live in all sorts of ways. some of every they set up an alternative funding scheme for people with different arrangements. these are people for example he may live on a boat or in a park home or travellers who move around a lot,

our business correspondent marc ashdown has more on this.y, but it means that drivers will refuse to work any overtime from first thing tomorrow until saturday night. six full days in total. that is important because most train companies rely on drivers working that overtime in order to run their full schedules. so this action will affect 15 operators running services across england. let's have a look at of them. we have got thameslink and southern down here. great northern, of course, lner and avante west coast — they run trains all the way from london up into scotland. so what can we expect? well, many have said they will have to run at reduced timetables. for example, some may cancel the first and last trains of the day. there could also be some short notice cancellations, as well. so, as ever, passengers advised to check before you travel. now, this dispute, of course, is about pay. aslef has rejected an offer of a a% rise backdated to last year and a further a% this year. the operators and the government, of course, wanted the union to

our business correspondent marc ashdown has been giving us more details.dged to every uk domestic household and anyone who pays their bills via direct debits got £66 a off. but not everyone has traditional living arrangements live in different ways. in february they set up another scheme for people who had different arrangements such as people who live on boats or park home all travellers who move around a lot and some tenants, some people live in shared energy arrangements and people living in care homes. what's happened is bbc�*s moneybox programme crunched the numbers to see how many people that apply to and they found that across the uk, 900,000 people live off grid and were eligible to apply but it closed in march and they found that when it shouts, 750,000 people, around 80%, hadn't managed to get the money. we hadn't managed to get the money. we had stories about people we had to apply multiple times and got knocked back for various reasons and lots of food and get the money was £300 million which was set aside to help people and has now gone back i

our business correspondent marc ashdown reports. deserted stations like during strike days, but this action by train drivers could see widespread disruption. from this morning, members of the aslef union have started refusing to do any overtime. the ban will run until the end of saturday. so, six full days. 15 different rail operators are involved, which run services across england. they typically rely on drivers doing overtime to run their full schedules. many say they will be running a reduced timetable throughout this week. some are cancelling the first and last trains of the day, and there could also be short notice cancellations. so the advice is to check before travelling. these passengers in leeds summed up the mood. we've got to go to college and i've got to get two trains. and when i can't get the trains back, i can't go to college, and then that looks bad on me, because my college is, like, why? i can't come in because of the trains. and it'sjust — i don't know, i'm fed up at this point. i mean, i can drive, but i don't pa