- Ben Morris
- Emily Young
Last updated 15 July 2014Share
05:58Ben Morris, Business Reporter
Adam Parsons is on the quayside in Lerwick, Shetland. He's all alone apart from a seal. Why are we here he asks? To learn about the fishing industry he answers. Will Adam be interviewing the seal? Find out here on the Business live page. Email us at firstname.lastname@example.org or tweet @bbcbusiness.
05:59Emily Young, Business Reporter
Morning morning. We've got the joys of the Treasury Select Committee later - MPs will be questioning the Bank of England's Mark Carney and Co about the housing market.
06:00 FARNBOROUGH AIRSHOWBBC World News
They're talking about the Scorpion on World Business Report. That's the military plane that went from the drawing board to the air in less than two years. They've managed to do it by not waiting for a buyer to approve all the parts, as normally happens, and just making the decisions themselves. You can read more about it here.
06:05 SHETLAND FISHINGRadio 5 live
Top fishing fact from Wake Up to Money: More fish are landed in Shetland than England and Wales put together. Simon Collins, from Shetland Fisherman's Association says the European Union quota system for fishing is a "complete mess" and "shambolic". He says that the quotas are often completely inappropriate for the stock of fish in their waters.
06:12 EXPORTERSRadio 5 live
"Lamentable" is how John Longworth the head of the British Chambers of Commerce describes government support for exporting on Wake Up to Money. He says Germany spends ten times as much as the UK on its international support network for firms hoping to expand overseas. Mr Longworth would like the UK to develop its network and to see tax breaks for exporters.
06:21 YOUNG WORKERS
Many of the papers have picked up on a report from the Institute for Fiscal Studies (IFS) which says that young adults have borne the brunt of the recession. The IFS found that average incomes for people in their 20s fell by 13% in the four years to 2013, compared with an average fall for all workers of 10%. The Daily Mail picks up on the fact that record numbers of young people still live at home with their parents.
06:26 SPACE PORTBBC Radio 4
Could the scene above be coming to the UK? The government has said it wants 10% of the space market and is set to announce later today where it plans to develop a space port. But according to Today there's a lot of scepticism about a forecast that the market will be worth £40bn by 2030.
06:36 YOUNG WORKERS
More on the report from the Institute for Fiscal Studies - Paul Johnson tells Justin Rowlatt on Today that home ownership rates have halved for people in their 20s. Nearly half of people born in the 60s were owning a house in their 20s - an astonishingly high number he says and that's down to 1 in 5 for people in their 20s born in 1980s.
06:42 WATER SCARCITY
Nestle says that water scarcity is "more urgent" than climate change, according to the Financial Times. The company has set aside $43m for water-saving and equipment for treating water at its plants around the world.
06:47 AFRICA OUTFLOWSWorld Service
Africa is losing $192 billion every year to the rest of the world, according to a report from ten UK and African NGOs. They have attempted to calculate how much the continent loses to illicit financial flows, profits taken out of Africa by multinational companies, debt payments and other outflows, reports BBC World Service.