hello there. we start with the cost of living crisis because the uk is facing a summer of discontent over pay, according to the head of the biggest private sector union. sharon graham, who runs the unite union, has told the bbc it s not militant to ask for pay rises in line with inflation, currently running at over 9%. she says tens of thousands of her members, from bus drivers to refuse collectors to factory workers, are involved in pay disputes around the country. this warning comes as railway workers announce more strike days over the summer. here s what she had to say to our economics editor faisal islam. before people turned around to workers and say to workers, not only have you got out and defended the pandemic, because it was key workers and ordinary people that did that, now it is over, we want you to pay for it. now that is actually abhorent to me. the idea that we set out you go, you defend what is going on out there and by the way, now you are back and everyon
number should be very short left. ., number should be very short left. . , ., left. but what if it s not? what if it s left. but what if it s not? what if it s not? - left. but what if it s not? what if it s not? what. left. but what if it s not? what if it s not? what if| left. but what if it s not? i what if it s not? what if one in five young people in china remain without a job? if in five young people in china remain without a job? remain without a “ob? if that is the case. remain without a job? if that is the case, some remain without a job? if that is the case, some of- remain without a job? if that is the case, some of them i remain without a job? if that i is the case, some of them may go back to uni to continue their postgraduate programmes. which is not really desirable in terms of oppression see, use of human resources, but hopefully after that, the economy returns to normal growth rate and they can get a job after that. usually, we don t need to wait that lon
the uk the uk the the uk the uk the uk the uk technology scene is bursting with opportunity, something that the founder of gymshark knows well. i can t believe i m saying this but gymshark is worth 1.4 billion dollars. there is clearly so much change going on in the world and i think would change comes opportunity and its people through tech that will solve some the most complex problems we currently have. having a focus on tech and development is going to be really important. really important. despite the tech sector really important. despite the tech sector being really important. despite the tech sector being one - really important. despite the tech sector being one of- really important. despite the tech sector being one of the| tech sector being one of the highest paid in the uk, with the average salary of £62,000, that s double the average household income, the sector is still struggling to get skilled people for the jobs. it’s still struggling to get skilled peop
honestly, if what that means is that an employer who can pay, an employer who was made prophet, who has made profit out of workers has to pay a proper fair out of workers has to pay a properfair wage out of workers has to pay a proper fair wage to those properfair wage to those workers and notjump on the band mag and that we cannot pay, we saw that in a previous crisis. employers have to pay, that are able to pay, that they should pay workers. what are people expected to do? let s talk to victoria scholar, head of investment at interactive investor. the governor of the bank of england, andrew bailey caused outrage earlier this year when he suggested to workers that they shouldn t ask for a pay rise in a bid to do their bit for keeping a lid on inflation. is the private sector doing its bit to help consumers and employees? well, it is difficult because at the moment is the labour market is very, very tight and unemployment is low. what we see is that the available pool of workers post p
this is bbc news with the latest business headlines for viewers in the uk and around the world. summer of discontent. the uk faces a wave of strikes if staff don t get the pay rises they need, warns the boss of the biggest private sector union. 2.5 trillion euros in the red could italy tip europe into a new sovereign debt crisis? long covid for the world s number two economy. china s growth rate slumps after weeks of lockdowns in its major cities. plus oiling the wheels. president biden heads to saudi to push for more oil but is there anything left in the pipeline?