and late yesterday, the chancellor announced the minimum wage is to go up by more than a pound, to £11.44 per hour, from april next year. and jeremy hunt decided the rate would also apply to 21 and 22 year olds for the first time. here s our econmics corrrespondent, andy verity. ona cold, on a cold, damp day at the south london market, ask what they want the government to do something about and you will hear two big concerns that haven t gone away. energy and food. , ., , ., , food. used to get six or seven oran . es food. used to get six or seven oranges for food. used to get six or seven oranges for a food. used to get six or seven oranges for a pound, - food. used to get six or seven oranges for a pound, now - food. used to get six or seven oranges for a pound, now it i food. used to get six or seven i oranges for a pound, now it has five. lemons, ten for a pound, now 87 for a pound. it is hard for the customer, it is hard for the customer, it is hard for us as well.
hello, if you havejustjoined us, you are very welcome. let s crack on with the top business stories. we start in san francisco where, as you have been hearing, president biden has hailed real progress following four hours of talks with china s president xi on the sidelines of the apec summit. they agreed to reopen communications between the military on both sides and work together to stem the flow of the opioid drug fentanyl into the us. but there was no concession from the us on lifting trade sanctions on china including the export ban on advanced computer chips which president xi had complained is harming china. the united states will continue to compete vigorously with the prc, but we ll manage that competition responsibly so it doesn t veer into conflict, or accidental conflict. and where it s possible, where our interests are.coincide, we re going to work together like we did on fentanyl. that s what the world expects of us. the rest of the world expects no
reserved to westminster and we need that to be in public ownership too. as talk to our scottish political correspondent. andrew, good to have you with us. i was talking to the snb spokesperson this morning. all sorts of plans that the snp has. let s talk about whatjohn swinney says. basically about railways. let s talk about that festival. that s rightjohn swinney was on the that s right john swinney was on the campaign that s right john swinney was on the campaign show in five in an area cold campaign show in five in an area cold lieven campaign show in five in an area cold lieven mouth. reopening a velvet cold lieven mouth. reopening a velvet link cold lieven mouth. reopening a velvet link there. what s the snp are trying velvet link there. what s the snp are trying to do, it is a common theme are trying to do, it is a common theme. they think they can keep labour theme. they think they can keep labour on theme. they think they can keep labour on the right tra
Also coming up, called to account: it giant fujitsu under scrutiny over the faulty software behind the uk s post office scandal plus, 7 million dead, and a $2 trillion hit to the world economy. four years on from the start of the covid pandemic, we look at the ongoing impact. and, planting the seeds of a high tech future. how artificial intelligence could transform the lives of indian farmers, and the billion or more who rely on their crops. hello if you have just hello if you havejustjoined us. i m sally bundock. looking at the top business stories. we start with the cryptocurrency industry. it was given a major boost on wednesday when us financial regulators finally cleared 11 bitcoin investment funds
Behind the uk s post office scandal plus, 7 million dead, and a $2 trillion hit to the world economy. four years on from the start of the covid pandemic, we look at the ongoing impact. and, planting the seeds of a high tech future. how artificial intelligence could transform the lives of indian farmers, and the billion or more who rely on their crops. hello if you have just hello if you havejustjoined us. i m sally bundock. looking at the top business stories. we start with the cryptocurrency industry. it was given a major boost on wednesday when us financial regulators finally cleared 11 bitcoin investment funds to start trading