Business Live: Monday morning briefing

Key points

  • Aberdeen buys Lloyds unit in £660m deal
  • Households downbeat on finances
  • Google and Microsoft block abuse images

Live text

Reporting:

  • Anthony Reuben 
  • Edwin Lane 
  • Ben Morris 

Last updated 15 November 2013

STANDARD 0600

Anthony Reuben, Business reporter, BBC News

Good morning. Changes on the Business Live page today: there are new faces on the team and we're going to try keep the page going until 13:00. Stay with us and let us know what you think. You can e-mail bizlivepage@bbc.co.uk or tweet @bbcbusiness.

STANDARD 0600

Edwin Lane, Business reporter, BBC News

Good morning! It's 0600, it's Monday, it's the Business Live page. This morning we will be pondering the deteriorating health of household finances in the UK and catching up with Boeing versus Airbus at the Dubai Air Show.

STANDARD 0609 AUTUMN STATEMENT

Radio 5 live

The lobbying is underway ahead of the Autumn Statement at the beginning on December. Terry Scuolar from EEF, the manufacturers' organisation tells Radio 5 live that we need a cut in energy costs so we are competitive with our European rivals. We have dithered over this for many years, he says.

STANDARD 0610 DUBAI AIR SHOW

Ruler of Dubai Sheikh Mohammed Bin Rashid al-Maktoum (L) walks past an Emirates Airline's Airbus A380 as he attends the opening ceremony of the Dubai Airshow

It's day two of the Dubai Air Show. Yesterday was a big day for Boeing and Airbus, with Boeing leading the race with around $100bn (£62bn) in orders from airlines already. Airbus is some distance behind with orders worth about $40bn. Not bad for a day's work.

STANDARD 0616 AUTUMN STATEMENT

Radio 5 live

More lobbying for the Autumn Statement - you may get bored of this in the next few weeks. Richard Lay, a nursery owner, tells Radio 5 live he converted a working men's club into a nursery, got hit with a £54,000 business rates tax bill, so converted it into a flat.

STANDARD 0623 BLACKLIST OFFERS

The top headline in this morning's Financial Times is that the paper has seen documents showing that 3,000 construction workers who were put on industry blacklists have been offered compensation of between £1,000 and £100,000.

STANDARD 0625 HOUSEHOLD FINANCES

Households are feeling gloomier about their finances, according to a survey released this morning by Markit. Prices are going up, the report says, and wages aren't rising as fast as inflation, squeezing finances. The survey suggested households were at their gloomiest since April.

STANDARD 0631 EXECUTIVE PAY

Radio 4

Guests on the Today programme are discussing the contrast between the state of household finances and the pay of executives at the big FTSE 100 companies. Executives saw their earnings rise 14% over the last year, according to Income Data Services. Bonuses are still making up most of that income, Steve Tatton from IDS says.