years. let's get down to business another question, is the uk heading for a high skill, high wage economy? the prime minister, borisjohnson, will minister, boris johnson, will say minister, borisjohnson, will say that is our destination in his speech at the conservative party conference in manchester later. he has already begun to set his vision out for the country, saying cheap labour from overseas has allowed businesses to avoid investing in the workforce in the countries at a turning point as are weaned off cheap labour following brexit. how will business leaders respond to this with many industry groups pointing the finger at government in action for the current supply crunch that is gripping the country, causing huge amount of disruption. i'm nowjoined by the head of economics at the british chambers of commerce. a warm welcome to you. borisjohnson has said a lot of his, what will be in his message today already. we know what is coming, what will your members make of what he has to say? businesses support to a move to a high school, high wage economy but had to get there? simply increasing wages will not let you get that, you need high productivity otherwise you get higher inflation. from a consumer perspective, higher inflation and higher wages defeats the purpose because consumers are no better off. has got a point that at some point we need to make the shift and invest more in the british workforce, create apprenticeships, have programmes that have causes to change and if you are going to force the issue, now is the time? ,. ., ., time? this characterisation that businesses _ time? this characterisation that businesses are - time? this characterisation that businesses are over. that businesses are over reliant on overseas labour is deeply misguided. the majority of businesses rely on local labour to fill in positions. what we are seeing at the moment is a crunch caused by the reduction in available workers due to brexit and covid—19 and etams investment in the workforce, they are always looking to invest in the workforce but the cost to businesses limited investments are quite a extraordinary time for businesses, facing high taxes and costs —— and investment in the work. i it is a tricky time because we have a supply chain problem exacerbated by great did agree by the lack of workers, hgv drivers in particular. but by the lack of workers, hgv drivers in particular.- drivers in particular. but we have rising _ drivers in particular. but we have rising energy - drivers in particular. but we have rising energy costs, i have rising energy costs, rising prices, people coming off fellow, with not a job to go to. it is a very hard time for businesses and individuals to make that investment would you say? to make that investment would ou sa ? ~ , , you say? absolutely. -- furlough _ you say? absolutely. -- furlough businesses - you say? absolutely. -- furlough businesses are | you say? absolutely. -- - furlough businesses are facing high taxes and higher costs. data out today shows that prices are at their highest level on record, impacting business cash flow, their cost base and also investment is not there to do that.— there to do that. how do you think the _ there to do that. how do you think the speech _ there to do that. how do you think the speech will - there to do that. how do you think the speech will be - think the speech will be received?— think the speech will be received? . , , ,, , think the speech will be received? . , , ,, received? what businesses are lookin: received? what businesses are looking for— received? what businesses are looking for from _ received? what businesses are looking for from the _ received? what businesses are looking for from the speech . looking for from the speech todayis looking for from the speech today is a new call to action for government to deal with long—standing challenges and businesses also want to see more focus than dealing with the challenges that businesses around the country are facing, such as supply shortages, staff shortages, practical real—world issues hoping to boost the recovery in the next couple of months. i thank you so much. as soon as the prime minister does deliver his speech, we will be across it for you here on the bbc. facebook, shares in the company clawed back some of the company clawed back some of the losses on monday on tuesday, with a gain of 2% on the day a former employee and a whistleblower appeared before a us senate enquiry. the testament of frances haugen was damning, saying its products harm children, stokes division and we can american democracy with profits the priority. facebook consistently resolve conflicts — facebook consistently resolve conflicts in favour of its own profits _ conflicts in favour of its own rofits. .. ,., ., ~' conflicts in favour of its own rofits. ., , profits. facebook however says that frances _ profits. facebook however says that frances haugen _ profits. facebook however says that frances haugen spoke - profits. facebook however says l that frances haugen spoke about areas she has no knowledge of. this is the company head of content talking to the bbc earlier. i content talking to the bbc earlier. ., , content talking to the bbc earlier. . , ., earlier. i have been of the company _ earlier. i have been of the company for _ earlier. i have been of the company for nine - earlier. i have been of the company for nine years i earlier. i have been of the. company for nine years and earlier. i have been of the - company for nine years and my background is as a criminal prosecutor and child safety and the amount of thought and resources that this company has bought into safety, including in doing research to understand theseissues in doing research to understand these issues just underscores how much we do care about getting these very difficult issues right.— issues right. talking this throu . h issues right. talking this through with _ issues right. talking this through with the - issues right. talking this through with the vice . issues right. talking this - through with the vice president and research director at the global markets research company forrester. a warm welcome to you. mike, what did you make of the last two or three days as far as facebook is concerned? we have this damning revelation on the part of the whistleblower, frances haugen, facebook desperately defending itself but also recovering from a six—hour outage? itself but also recovering from a six-hour outage?— a six-hour outage? yeah, a tou~h a six-hour outage? yeah, a tough 24 — a six-hour outage? yeah, a tough 24 hours _ a six-hour outage? yeah, a tough 24 hours for - a six-hour outage? yeah, a tough 24 hours for the - a six-hour outage? yeah, a l tough 24 hours for the global social media giant, for sure, and facebook is suffering with and facebook is suffering with a trust issue. we ran a poll in our market research community over the past two days, over 700 people, and asked them to react to a single statement which is "i trust facebook" and we asked them if they agreed or disagreed and a—i —— three ratio of people who agreed versus disagreed, meaning most people disagree or strongly disagree about having trust with facebook meaning they do not trust facebook —— 1:3 ratio. not trust facebook -- 1:3 ratio. , ., , ratio. the question is whether ou trust ratio. the question is whether you trust them _ ratio. the question is whether you trust them or _ ratio. the question is whether you trust them or not, - ratio. the question is whether| you trust them or not, billions and billions use what's out and find it's a critical way for them to communicate, video call, message —— whatsapp in a way that they think is encrypted, cheap and frequent yellow that is true and it's not just whatsapp yellow that is true and it's notjust whatsapp but facebook and instagram and these are the family of app and embedded in our lives. ., ., ., ., our lives. our own data from 2021 shows _ our lives. our own data from 2021 shows 61% _ our lives. our own data from 2021 shows 61% of _ our lives. our own data from 2021 shows 61% of adults - our lives. our own data from 2021 shows 61% of adults in l our lives. our own data from i 2021 shows 6196 of adults in the 2021 shows 61% of adults in the uk use facebook on a weekly basis. , , , , , �* basis. this is the issue, isn't it, basis. this is the issue, isn't it. because _ basis. this is the issue, isn't it, because later— basis. this is the issue, isn't it, because later on - basis. this is the issue, isn't it, because later on in - basis. this is the issue, isn't it, because later on in the i it, because later on in the programme we will look at the forbes list and mark zuckerberg is up there, making a hell of a lot of money, as is facebook and for the billions of users worldwide, what difference does this make unless regulators in the us demand change? that is the us demand change? that is the big question, _ the us demand change? that is the big question, we _ the us demand change? that is the big question, we have - the us demand change? that is the big question, we have been| the big question, we have been down this road before with the cambridge analytical scandal, we saw the advertiser boycott just in 2020 but what is different about this time is a couple of things, festival, the internal documents that as we talked about, were pretty damning — — first of all but this is also a focus on children which brings out an important annual emotion into the mix and if we look at the different stakeholders in the mix, to talk about what letters they have, as they evaluate what to do, first of all there are advertisers need to determine how to diversify their social media span and how much to span and put their eggs in the facebook basket. there is the issue of parents and what role they play in making sure that they are keeping their children safe. there are their children safe. there are the users themselves and whether or not they want to continue using facebook and to what degree is what facebook will do to respond to keep its community safe and if the company will not take action, then there is the government and regulations will be necessary.— and regulations will be necessa . ~ ., y necessary. we would definitely be keeping _ necessary. we would definitely be keeping an _ necessary. we would definitely be keeping an eye. _ necessary. we would definitely be keeping an eye. good - necessary. we would definitely be keeping an eye. good to i necessary. we would definitely| be keeping an eye. good to talk to you. other business stories today, the uk telecom regulator ofcom has laid out measures it will require video sharing platforms they have to take to better protect users. the companies including tiktok and which must ensure racism, child sexual abuse, terrorism does not appear. one third of users have seen hateful material on the site, ofcom says. tesla has been ordered to pay $137 million in damages forfailing to stop a black worker who no longer works for the company from being abused. a federal court in san francisco found a lift employee i worked as a former lift operator five years ago was subjected to a racially hostile environment. tesla disputed the verdict and says it was not perfect. fake insurance claims fell by a tent insurance claims fell by a tent in the uk last year, due to close our business premises. general insurers identified 96,000 fraudulent claims in 2020, the lowest number since 2007, according to the latest data from the association of british insurers. the european energy crisis just got worse, with prices for gas soaring, following renewed fears from traders over supplies of the fuel critical for heating and electricity generation ahead of the wintel. in the uk, record wholesale prices of pushed ten energy applies to collapse so far since the beginning of august with further supply of failures expected in the next few weeks and consumers are bracing themselves for massive hikes in what they pay for energy. the stock to the investment director at fidelity international. good morning. for the uk, the price of gas passed a threshold not seen before yesterday. this is not the right time for this, is it? no, it's not, sally. consumers will immediately feel the impact of wholesale gas prices because many buyers buy it long in advance and use tactics such as hedging to avoid the prices being fed through to consumers but what we have got here is a perfect storm. gas prices are now, if you think oil prices are hovering below $80 a barrel, the gas prices equivalent of three times of that, $300 a barrel and for consumers, already facing rising costs of living, this is very concerning as we move into winter. �* , ., , very concerning as we move into winter. �*, ., , ., winter. it's not 'ust a uk sto , winter. it's not 'ust a uk story, this h winter. it's not 'ust a uk story, this is _ winter. it's notjust a uk story, this is across - winter. it's notjust a uk i story, this is across europe and a global story, in the week that we saw opec not increasing production. across the board we was the pressure on energy prices? was the pressure on energy rices? ~ ~ ., ., , prices? we will. what has happened _ prices? we will. what has happened is _ prices? we will. what has happened is that - prices? we will. what has happened is that gas - prices? we will. what has happened is that gas has | happened is that gas has plugged the gap. we have not had enough powerfrom wind turbines because of droughts and as countries reopen the economy after the covidien is used lockdown connor consumption of gas has gone up exponentially — yet after the covid—19 lockdown, exponentially — yet after the covid—19lockdown, consumption of gas has gone up exponentially. the uk is so reliant on gas, 38% is for domestic use on 29% is for generating electricity. an increase in gas prices were really affect the consumer and the concern is going into the winter months, people will be forced to choose between food and fuel and we will see inflation and price rises spike going into next year. to something _ going into next year. to something the bank of england will be watching closely, as all other central banks, we had the governor only a short while ago saying because the interest rates are going up this year because of these inflationary pressures?— pressures? yes, so the main thin is pressures? yes, so the main thing is to — pressures? yes, so the main thing is to control _ pressures? yes, so the main thing is to control inflation . thing is to control inflation and prices go up is to increase interest rates but we are in this unique situation where governments are very indebted, governments are very indebted, governments are very indebted, governments are suspending a lot of money and debt levels are at high is an increasing interest rates, while that is that also address rising prices and inflation, could be very risky. it could push global economists into recession because governments are not increasing interest rates in response to growth. they are doing it in response to inflation going up when growth is still very weak and that really raises the risk of stagflation, and stagflation should send chills down anyone's spine because of the of rising prices and low growth and he did not want this to any economy. and he did not want this to any economy-— and he did not want this to any econom . ., , ., ~ economy. good to see you thank ou. we have a lot more to come on bbc news, including the latest forbes list. donald trump is out for the first time in at 25 years. you can see some of the usual suspects who are in. we'll discuss that with forbes shortly. this was a celebration by people who were relishing their freedom. they believe everything's going to be different from now on. they think their country will be respected in the world once more, as it used to be before slobodan milosevic took power. the dalai lama, the exiled spiritual leader of tibet, has won this year's nobel peace prize. as the parade was reaching its climax, two grenades i exploded and a group of- soldiersjumped from a military truck taking part in the paradel and ran towards the president, firing from kalashnikov automatic rifles. - after 437 years, the skeletal ribs of henry viii's tragic warship emerged. but even as divers worked to buoy her up, the mary rose went through another heart—stopping drama. i want to be the people's governor. i want to represent everybody. i believe in the people of california. this is bbc news the headlines - eu this is bbc news the headlines — eu leaders will be meeting in slovenia, they are holding tough talks in europe's base in the world with relations with the world with relations with the us and china on the agenda at theirfirst gathering the us and china on the agenda at their first gathering since june. facebook has told the bbc it does protect its users welfare after being accused by a whistle blower of putting profits first. new south wales and australia will open again for vaccinated people on monday, coming as oh and two lockdowns will happen state—by—state. australia has a strong and vocal opposition when it comes to vaccines. from sydney, here is our reporter. i'm not saying that i will never take the vaccine, i am just saying that i don't trust big pharma and their past, and i don't trust this government. millions of australians have been vaccinated but others are simply refusing to get the jab. this woman wants to be anonymous because she feels her views will alienate her neighbours and embarrass her employer. having someone forcing you or coercing you to take something that you don't believe in, or you do believe that it might harm you, it makes me feel very uncomfortable. maybe in a year or a few months i will take it but, for now, i would prefer to wake a little bit until we have more results on studies. i will not take a joke, i don't believe _ i will not take a joke, i don't believe the jab is safe and the pandemic is not deadly. this makes — pandemic is not deadly. this makes me very hesitant and, in fact, _ makes me very hesitant and, in fact, i_ makes me very hesitant and, in fact, iwiii— makes me very hesitant and, in fact, i will not take the vaccine _ fact, i will not take the vaccine by anyway, even if they say that — vaccine by anyway, even if they say that you will not be able to go — say that you will not be able to go outside your home. vaccinations in australia are mandatory for healthcare workers, nursing home staff, and a range of other occupations. the drug regulators as the vaccines are safe and effective, yet research shows that 15% of australians are hesitant about receiving a covid—19 jab. i think they are minority because eight don't think australians generally are vaccine hesitant because we have educated the population that they get vaccines to not just protect themselves but the community, where they live. i headed because my employee forced — i headed because my employee forced me, it's mandatory. i i headed because my employee forced me, it's mandatory. lam not for— forced me, it's mandatory. lam not for it— forced me, it's mandatory. lam not for it but i took it. you shouidn't— not for it but i took it. you shouldn't force people to do things— shouldn't force people to do things against their will. i things against their will. i got _ things against their will. i got my vaccine because they couldn't— i got my vaccine because they couldn't go— i got my vaccine because they couldn't go back _ i got my vaccine because they couldn't go back to _ i got my vaccine because they couldn't go back to work- couldn't go back to work otherwise. _ couldn't go back to work otherwise. i— couldn't go back to work otherwise. i had - couldn't go back to work otherwise. i had no - couldn't go back to work. otherwise. i had no choice. it otherwise. i had no choice. it is — otherwise. i had no choice. it is something _ otherwise. i had no choice. it is something we - otherwise. i had no choice. it is something we have . otherwise. i had no choice. it is something we have to| otherwise. i had no choice. . it is something we have to do. it is something we have to do. it is something we have to do. it is not about people prevaccination or anti—vaxxer, it is just about going along together. the information about vaccines is right. the australian government has had to debunk claims that they cause infertility, altered dna and connect people to the internet. for most australians, inoculation is the key to a safer and unrestricted future. there was a lot of anti—vaccination noted in that report. 80% of the population has received their first dose now, meaning they will likely move on to get a second dose. the regions of new south wales and the act are strong with 90% having had their first dose. throughout the pandemic we repeatedly heard stories of businesses struggling and workers put on furlough or losing jobs, workers put on furlough or losingjobs, but workers put on furlough or losing jobs, but they were undoubtedly some winners, not leastjeff bezos, the founder and ceo of amazon, with his personal fortune soaring. the members of the forbes 400 i doing better than ever, seen that bank balances rise to a collective $4.5 trillion. the usual suspects are there — mark zuckerberg and elon musk. however there are some newcomers who are making their billions in the cryptocurrency business. let's go live to forbes in san francisco and talk to the assistant managing editor. welcome to the programme. to clarify for our viewers, this is not the global list, this is the 400 richest americans, correct? it is, it is a bit confusing because we do two list but this one is just americans, because we do two list but this one isjust americans, the richest americans. tal is the headlines. no surprise of course thatjeff bezosis surprise of course thatjeff bezos is at the top of the list but donald trump fell off? yes, we have been doing this list for 40 years, and donald trump has been on the list for the last 25. to get onto the list this year you needed to be worth $2.9 billion and hejust missed the cut. he is still a billionaire, worth about 2.5 billion, but he was essentially too poor to make this list of the 400 richest americans. it isn't about real estate, is it? it is about tax. the dominating factor here is the multimillionaires in the businesses of tac? we have a lot, we have people in private equity, people in finance and hedge funds, e—commerce, all sorts of businesses as well. biotech. but, yes, tac is dominating at the top with geoff bezos at the number one, elon musk is at number one, elon musk is at number two. number one, elon musk is at numbertwo. i number one, elon musk is at number two. i should say this list was put together based on the stock prices from september three, and tech stocks have fallen a bit since then. these people are still the richest in the country, so stock prices change every day and as a result the network will change. one of the interesting things though as you mention the cryptocurrency billionaires. we had one cryptocurrency billionaire one year ago, and we have seven now. that is a result of the increase in value of a bunch of the cryptocurrency is, and the new cryptocurrency is, and the new crypto currency exchange coinbase. when it comes to big attack on some of these players who are dominating this list — amazon, facebook, google. —— does not bring attention do how big and fast these companies are not just in the us but globally, and whether their wings should be clipped? indeed, the interesting thing as well as the pandemic — more people turned to places like face book, instagram, whatsapp, that they communicated with people they couldn't see in person so was helpful but then the dark side, which has been discussed lately with facebook under the crosshairs of the senate, and today, and concerns about the dark side of social media. we are almost out of time, but what about the woman, oprah winfrey is off? alice walton, the daughter of the walmart founder is the richest woman on the list for the seventh year in a row. we only have 56 women on the list, unchanged from one year ago. oprah winfrey fell off but melinda gates joined the list with her own fortune of $6.3 billion. thank you forjoining us from forbes to talk about their latest list. that is out and you can read about it online. have a lovely day. hello there. wednesday looks like it's going to be a drier, brighter day for many parts of the uk. a vast improvement over what we saw on tuesday. the northeast of england was particularly badly affected by the rain. it was about a month's worth of rain falling in 24 hours. throughout the day, it was a pretty wet too across eastern parts of scotland. the low pressure that brought the rain and the strong winds is moving out of the way. we've got the next atlantic weather system coming in to the west and in between the two, a small window of drier weather and some sunshine. with clearer skies to start the day across large parts of scotland and northern ireland, pretty chilly out there. for eastern parts of england, there's more rain around still and it's lighter by the morning, the rain should move away. those northerly winds will gradually ease and the cloud eventually break up. we've got this slice of dry weather and sunshine, but western areas are going to be clouding over steadily and we've got some rain in the afternoon particularly across northern ireland. ahead of that, something a bit warmer than today across much of england and wales. it could be quite chilly in the evening with the clearer skies in eastern england and out to the west though, the cloud is coming in, thickening up to bring some rain into western scotland and that will tend to lift the temperatures, as well. as we head into the end of the week, it is a complete turnaround really because there is much warmer weather on the way and that is because the winds are going to be coming in all the way around the tropics and bringing in those higher temperatures, bringing in the moisture in the form of cloud and we've still got the weather front just draped across the northwestern part of the uk to bring some rain. that is mainly affecting northern and western scotland during thursday, some heavier rain for argyle and highland. some rain threatens northern ireland could be a bit of damp, drizzly weather across western parts of england and wales. brighter skies further east. but despite a lot of cloud on thursday, look at these temperatures. 19 in belfast, could make 20 in newcastle, much, much warmer than it was on tuesday. the winds will be lighter for england and wales on friday, could be some fog in the morning through the midlands towards the southeast of england and lifting to bring some sunny spells, still a threat of rain in the northwest parts of the uk with some sunshine at times. and those temperatures again widely 18 to 21 c. the next question is how long will it last? saturday looks quite warm for many. some rain in scotland and northern ireland. as the weekend goes on, it will gradually cool down from the north. good morning. welcome to breakfast with charlie stayt and sally nugent. our headlines today... borisjohnson prepares to address the conservative party conference, where he'll say his party has the "guts" to reshape the british economy. the temporary £20 a week rise in universal credit — claimed by almost 6 million people — comes to an end today. with shortages, delays and disruption — are the supermarkets ready for christmas? we'll hear from the country's biggest retailer, tesco, as we prepare to enter the biggest shopping weeks of the year. meet "chief dragon." the chicken—sized dinosaur confirmed as the oldest meat—eater ever discovered in britain.