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Speaker 1: Devin Gray UK correspondents with us Ello Gevin. So Andrew

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Speaker 1: gets to stay in his house for another.

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Speaker 2: Year, Well, I think that is more of a technicality

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Speaker 2: than actually going to be reality. I've been hearing from

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Speaker 2: lots of people that in the first quarter, first three

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Speaker 2: months of next year he will almost certainly be going

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Speaker 2: from Royal Lodge. This, of course, this is massively a

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Speaker 2: huge house near Windsor that's been so controversial that the

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Speaker 2: King's been trying to get his brother out of. And yes,

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Speaker 2: I mean in technicality he gave a year's notice and

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Speaker 2: gave that on the thirtieth of October. But in reality,

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Speaker 2: I don't think he wants to upset his brother, King

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Speaker 2: Charles any more than already done, so I think it's

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Speaker 2: likely he'll move out. What's also interesting is he was

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Speaker 2: entitled in theory to roughly a million New Zealand dollars

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Speaker 2: for surrendering his seventy five year lease early. That's the

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Speaker 2: way in which this contract was drawn up. However, apparently

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Speaker 2: the property is in such a delap but they did

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Speaker 2: state and in need of such repairs that quote. In

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Speaker 2: all likelihood, Andrew mount Batman Winsor. The former Prince Andrew

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Speaker 2: will no longer be owed any compensation. There's now going

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Speaker 2: to be an inquiry into the Crown of State and

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Speaker 2: it's leasing out of the various buildings. It's not known

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Speaker 2: whether Andrew mount Batman winsor will be called to give evidence. Frankly,

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Speaker 2: even if he is, I suspect he'll try and wriggle

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Speaker 2: out of that one, not wanting to put his head

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Speaker 2: above the parapit unless necessary, So potentially some further embarrassment

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Speaker 2: for the Royal faunily to come on that.

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Speaker 1: Now, givin, I thought that he'd spent some ridiculous amount

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Speaker 1: like ten million pounds or something on renovating the place.

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Speaker 1: So how is it dilipidated? Is it just so big

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Speaker 1: that that wouldn't even touch the sides?

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Speaker 2: Well, that did a pretty good job, but that was

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Speaker 2: when he moved in, and that was twenty five years ago,

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Speaker 2: so it's you know, it's probably you know, the problem

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Speaker 2: is it's obviously gone downhill and these old buildings deteriorate

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Speaker 2: very rapidly unless you keep on top of them. Yeah,

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Speaker 2: fair enough.

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Speaker 1: Now the Bank of England is actually quite worried about

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Speaker 1: the old aibubble, isn't it.

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Speaker 2: Very worried and do you know what? The Bank of

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Speaker 2: England rarely puts out these warnings, but it has warned

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Speaker 2: of a sharp correction in the value of major tech

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Speaker 2: companies with growing fears, of course, of this AI artificial

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Speaker 2: intelligence bubble. According to the Bank of England, it says

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Speaker 2: share prices in the UK are close to the quote

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Speaker 2: most stretched. In other words, I think you could say

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Speaker 2: overvalued since they've been the two thousand and eight global

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Speaker 2: financial crisis, with equity valuations in the US it says

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Speaker 2: reminiscent of those before the dot com bubble birth, So

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Speaker 2: pretty severe warnings here. The Bank is outlining that the

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Speaker 2: growth of the AI sector in the next five years

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Speaker 2: will be fueled by trillions of dollars of debt, raising

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Speaker 2: financial stability risks if then companies go buzz and its

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Speaker 2: citing industry figures forecasting spending on infrastructure could top some

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Speaker 2: seven and a half trillion New Zealand dollars and says

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Speaker 2: much of this would be funded by AI firms themselves,

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Speaker 2: but half would come through outside sources, mostly through debt,

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Speaker 2: and that it says is a huge risk.

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Speaker 1: Now, Gavin, should we be worried about all that? Amo

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Speaker 1: that's been nicked from the German town.

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Speaker 2: Yes, I think we should. For all, why would you

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Speaker 2: steal a whole load of army ammunition if you didn't

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Speaker 2: know where you could sell it and it was going

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Speaker 2: to be used. This is a story that is quite extraordinary.

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Speaker 2: So the theft is thought to have taken place after

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Speaker 2: the driver of a civilian transport company contracted by the

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Speaker 2: military left his truck in an unguarded parking lot overnight.

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Speaker 2: The next day, when the delivery arrived at the Klauswitz

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Speaker 2: Barracks in Germany, the ammunition, some twenty thousand rounds was

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Speaker 2: found to be missing. The armies launched an investigation. So

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Speaker 2: to the police, it's thought as well as can included

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Speaker 2: nine hundred rounds of blank bullets for assault rifles and

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Speaker 2: smoke grenades also went missing from this shipment, And as

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Speaker 2: I said, I think big question marks about how laurie

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Speaker 2: like this could have just been left in a public

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Speaker 2: car park unguarded overnight.

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Speaker 1: Quite Gevin, thanks very much, really appreciated. Look after yourself.

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Speaker 1: That's Kevin Gray, our UK correspondence.

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