and the rest of the eu. >> okay. following on from that then, then it sounds to many of us and this holds no fear from many of our points of view, that we would be prepared if all else fails in negotiations to fall back on wto rules and tariffs. now your fellow secretary of state for leaving the eu said that holds no fears. you know, if 170 countries can trade on such a basis and tariffs are as low as 3% to 5%, because the most favored nation status, et cetera, et cetera, i'm picking up here that it certainly holds no fears for you. >> you're trying to get me into running commentary about negotiations. i'm not going to -- i think we can do a great deal that will deliver a result of both goods and services for our businesses and for our friends -- >> you wouldn't disagree with your fellow secretary of state in saying that the wto holds no fears? >> as i said, i think it will be getting into the minutia of the negotiations. >> okay. >> let's move on very quickly. >> i think there will be a great deal done. >> eu divisi

not just to the eu but outside the eu. an increase in the budget of, what, 140 million pounds. you know very well, foreign secretary, is a drop in the ocean compared to what is required. how forceful are you going to be in lobbying for more funds within -- from where you sit? >> first of all, i'm grateful to the tenor of your arguments because they are most welcome to us and, clearly, we want to be arguing that global britain needs to be properly represented overseas. i think we can make that go a long way. very thrifty types in the foreign office. we'll make good use of that. but, clearly, we have a big network, or a robust network that needs to be properly funded. >> thank you for joining us and thank you to your colleagues for coming along. >> sorry to interrupt you, but the ones that i -- far be it to criticize bureaucrats. the unelected ones are the ones who shortly cease to have control -- >> all right. okay. >> these are the ones who will survive. >> all right. okay. so these bureaucrats are okay as are the ones [ inaudible ], of course. >>> in terms of your analogy on y

to the eu? because countries in the eu with aging population to grow more than otherwise it could. >> would anyone like to answer that question? >> sorry. >> thank you. please. >> i don't know whether you can change the narrative. immigration is such a powerful paradigm right now and it inspires a lot of fears. maybe just a reminder how this came about. in 2004, the eu accepted in a big bang ten mostly eastern european countries. that was a measure to stabilize eastern europe. some of them were probably not as mature to enter the eu as we would have wished. it was one of those assets of the european union to prove that it is a project of peace, stability and prosperity more than an economic cloud. at that time, many leaders said it's too early to grant them freedom of movement and settle down and exercise that profession so we agreed or most of the countries agreed to have a transition period of seven years, to wave that freedom of movement. there were two, if i'm not mistaken, two country that

i want us to continue to have a good relationship with the member states in the eu and with the eu it's self. i think that's in all our interests. >> mr. hanson. >> mr. conspiracy. did the prime minister find time in her busy weekend to emphasize to european colleagues how much we value things such as the transfer agreement, things such as european arrest warrant and will she agree whatever negotiating she does, nothing will lead to the watering down of those commitments? >> know my commitment to the relationship that we have with other member states of the european union in relation to justice and home affairs matters, but i'm interested i've had a lot of questions about the detail of the discussions i had on brexit, the european council. of course, the main p toics that we discussed at the european council were russia, migration and trade, discussions on the detail of the negotiations will be for the future. >> the people voted more than any other to leave the european union and no constituency approves more of the prime minister's approach. will she now agree with me what they deserv

when we leave the eu, will we still be implementing the eu sanctions or will we, because we have the more robust attitude, move towards a position like the united states and perhaps move towards a magnitsky act or something similar. >> an extremely good question and one i've been thinking a great deal about how exactly it's going to work -- and we've been thinking about it with our european friends because clearly they want us to stick with them in a broadway when it comes to these foreign policy questions. do you do it -- do you have to do it within -- around the table in the eu council or are there other intergovernmental mechanisms that we are going to produce to reflect the new european partnership between britain and the eu that will mean we can do it in a different way. either way i think we're coming out of the treaties, whatever we do will be done purely inter government alley and i think there's going to be a strong interest on both sides to have a concerted approach, but what's interesting is, you know, it might be that there will be scope for the uk sometimes to do things

not just to the eu but outside the eu. an increase in the budget of, what, 140 million pounds. you know very well, foreign secretary, is a drop in the ocean compared to what is required. how forceful are you going to be in lobbying for more funds within -- from where you sit? >> first of all, i'm grateful to the committee for the tenor of your arguments because they are most welcome to us and, clearly, we want to be arguing that a global britain needs to be properly represented overseas. i think we can make that go a long way. very thrifty types in the foreign office. we'll make good use of that. but, clearly, we have a big network, or a robust network that needs to be properly funded. >> thank you for joining us and thank you to your colleagues for coming along. some of them refer to them as unelected bureaucrats but we don't on this committee. >> sorry to interrupt you, but the ones that i -- far be it to criticize bureaucrats. the unelected ones are the ones who shortly cease to have control -- >> all right. okay. >> these are the ones who will survive. >> all right. okay. s

nato in the eu issued a joint declaration. they were going to work on a number of things more together, including hybrid, including cyber, and this is something we're following very carefully. if we look at the recent defense minister's meeting at the end of october, we see that progress has been made on all these fronts. that indeed, the nations that are the framework nations for enhanced forward presence will in the first half of next year be deploying the battalions as agreed into eastern europe. these are on a rotational basis. "operation sophia" in the eu have requested nato support and nato has agreed to provide both information and sharing in situational awareness as well as logistical support to sophia. they've also agreed to continue the activity and, of course, nato is working on further -- furthering its cooperation with the eu. and i would expect that at foreign ministers in december, we will see a more detailed report of where we are on implementation of our cooperation with the eu. so this brings us wales and war

approaches and processes leaving the eu would destabilize the foundation of the settlement. the prime minister given any consideration to the extent of the eu withdrawal from the european union and the belfast agreement on the political settlement and do you have a plan to prosect that settlement? >> can i say to the gentleman, i don't believe there's any reason to believe the outcome of the referendum will undermine the absolute rock solid commitment of this government and the people of northern ireland to the settlement in the agreement. there is and remain strong support for the entirely peaceful future for northern ireland. that is determined by xhdemocra and consent. we work with others to ensure that future. >> jeremy lefroy. >> thank you. general electric started, shown confidence in the uk economy and my constituents by starting construction of the second of its two new world class research and manufacturing facilities on the business part. would the prime minister meet with general e lek trick and other west midland manufacturers to hear how important supply chains

will be prime minister join me and eu and nato allies in unequivocally calling on spain to refuse the refueling? >> the right honorable gentlemen refers to passage of russian naval ships and, of course, on the high seas they are able tor travel as they wish although of course when they went to the english channel they wereey werp accompanied by royal naval vessels as they went through. but what we have seen sadly is the russians are already able to unleash attacks on innocent civilians in syria. what matters is that we put pressure on russia to do what everybody agreed is the only way that we're going to resolve this issue, which is to been sure that we have a political transition in syria, and that's where we should focus our attention. >> thank you mr. 's bigger. mr. speaker, my constituency forms part of a new west midlands combined authority, so the renewal power has been to fall to the new and the prime minister tell how the new cars will help my constituents andrs local businesses in this is such as manufacturing from the automotive industry? >> i can confirm to my honorable fri

next year in march, celebrating six years of eu. italy is a prominent member of the eu and importance of integration. i think, also, this european framework ranks among the priorities of discussions between president obama and prime minister varricchio. >> where are we working together? >> in many fields. we have military working standing side by side in my theaters. we share responsibility and our common endeavor to fight terrorism. we want to tackle the global issues ranking from climate change to migration. these are issues where countries of the great tradition like italy share the same interest and the same approach. >> what's going on this week at the embassy as you prepare for the state dinner? >> as you can see here, it is rather lively. there's a great sense of excitement. we are really excited by this event. we are -- we have many, many things to care about. but, i think myself and my staff, we are excited and happy. >> the prime minister, what kind of leader is he? what should the american people know about him? >> he's a

you remember the states and heads of the eu met in your capital. there were some notable frictions along a range of policy dimensions from migration to the support of southern economies but what do you take -- what are the take aways from that summit, number one, and number two, how do you perceive the take aways as interacting with the ability to negotiate all of the details within the two-year time line that would be started once article 50 is set in motion? >> thank you very much. as i mentioned, we see the whole process as a chain of negotiations. it's really very important to reflect on the situation that has happened with brexit. there will be very complicated situations. colleagues mentioned that there will be, of course, red lines by different national capitals. it will go public, of course and there will be very many sentiments presented during those negotiations in public and in many political streams that are actually eager to work on further this integration of the european union. we need to be really cautious on how to move the europea

with the eu. nobody, nobody, was talking about ukraine and nato in 2013. there was a no alliance or no joining nato policy. what bugged putin was a sudden epiphany that having ukraine sign this deal would be bad for russia after saying publicly on the record he didn't care if the eu signed these deals with his neighbors. he never viewed up until 2013 eu deals with armenia or ukraine or georgia as a threat. he has viewed nato differently. so it was a change on putin's part, not a change on our part. again, ukraine and georgia wanted to sign these agreements. we didn't press them into doing it. there were criteria and conditions they have to fulfill, but this was a choice of ukraine, georgia to sign. >> there's very, very low support for joining nato among the population. now the situation has changed dramatically exactly because of russian aggression against ukraine, its invasion and takeover of crimea. >> i think germans and others are even less inclined to support that. ukraine joining nato. so p

remember the eu, member nato. there are thousands of examples of this. how we don't enforce our own laws that allows this type of thing to happen. things we can do for ourselves to help moldova, we don't need to go there. we don't do it. there's a lot of stuff we have to realize that we're going to be facing this unstable east for some time to come. and we have to be realistic that this is the europe we're facing. it's not fixed. it's not a stable place. it's in fact the potential for violence continuing is actually very high. particularly in this part of europe. and if there's one lesson of history we learned, i hope, whenever we turn away from the gray zones of europe, we always end up paying a higher price later. we need to engage up front and think about these things now. >> if i could just add, with respect to the public support in question, the pew center has done a lot of public opinion research in the united states and nato countries on this. if you look at their data from april of this year among people who lean republican and 75% of them said n

discuss, that kind of, that kind of speculation i'm not sure will come up. >> a discussion about the eu is a low priority in tomorrow's visit? >> no, no, no, i think that obviously italy is an important partner of the united states. an important ally the united states, particularly when it comes to our relationship with europe and all of the efforts that we undertake to strengthen our collective security and strengthen the economic ties that bind the united states with europe. i think the prospect of italy leaving the eu is not one that is likely to come up frankly because i think i haven't actually seen that much coverage of that coming to pass. italy makes an important contribution to a stability in europe that make answer important contribution to the european economy. they obviously make important contributions to europe's security through nato. so, those, those i think are likely to be the topics of conversation between the president and the prime minister. >> and on saturday, donald trump suggested that presidential candidates should have to take a drug test. white house response?

we have to remember what nato is and what the eu is. these are voluntary organizations that countries must petition to join that meet certain requirements. nobody is strong arming these countries into joining nato or even the eu. they feel threatened by russia, and they seek to join these institutions because they feel threatened and they feel their security is at risk. so the assertion that we, the west, the u.s., is creating gray zones is not true. it's russia that seeks to create gray zones because it seeks a buffer zone to protect itself from what it sees as a threat, but that perception is also a false one. >> let me just add quickly. >> and i would like to respond to that. >> go ahead, david, first. >> just picking up on that point, paul, ukraine and georgia applied for a membership action plan. we supported it. as we all know, map wasn't offered, so the language that chancellor merkel and president bush came up with was a compromise, a forward-leaning compromise i'll grant you that, but it was ukraine and georgia's choice. in con

i know how upset i was on the morning of the 24th of june as i came to terms with the result of the eu referendum. i felt as if part of my identity was being taken away. and i don't mind admitting that it gave me a new insight into how those who voted no might have felt if 2014 had gone the other way. likewise, there are many no-voters now looking at the brexit vote with real dismay and wondering if independence might be the best option for scotland after all. let's build on that common ground. [ applause ] let's resolve that whatever decisions we face in the years ahead, we will take them together, respecting each other every step of the way and let us in the snp lead by example. [ applause ] you know, this year marks 30 years since i first joined this party of ours. now, i know what you're thinking, how is that even possible when she's still only 25? or maybe that's just what i'd like you to be thinking. but in all those 30 years, i have never doubted that scotland will run day become an independent country, and i believe it today. [ applause ] and i believe it today more strongly th

and if the uk and the eu fail to reach a deal on financial services before the uk leaves, could that pose a systemic risk to our financial system? >> congresswoman, i think in the period right around the vote and after there was a very good preparation by central banks and by finance ministries to make it clear there were sufficient resources in place to prevent what was a very volatile period from spilling over into a real loss of confidence. i think it was a measure of success of financial reform that there was enough confidence in financial institutions because we knew what their balance sheets looked like, we knew what their capital was and it gave central banks the ability to respond as decisively as they did. >> lastly, my time is almost over and i want to talk about your -- you dedesignated ge capital. it was the first designation in the council's history and this came after ge capital made significant changes to its business model and divested nearly $300 billion of assets. now some critics of the fsoc have claimed that ge capital only escaped after they sold off virtually al

i know how upset i was on the morning of the 24th of june as i came to terms with the result of the eu referendum. i felt as if part of my identity was being taken away. and i don't mind admitting that it gave me a new insight into how those who voted no might have felt if 2014 had gone the other way. likewise, there are many no-voters now looking at the brexit vote with real dismay and wondering if independence might be the best option for scotland after all. let's build on that common ground. let's resolve that whatever decisions we face in the years ahead, we will take them together, respecting each other every step of the way and let us in the snp lead by example. you know, this year marks 30 years since i first joined this party of ours. now, i know what you're thinking, how is that even possible when she's still only 25? or maybe that's just what i'd like you to be thinking. but in all those 30 years, i have never doubted that scotland will run day become an independent country, and i believe it today. and i believe it today more strongly than i ever have before. but i've always

one reason britain left the eu because they couldn't control their own borders. america has got to have people of goodwill on all sides comee together to try to solve this immigration question. we have illegal immigrants in north carolina just like any other state. we have a lot of people that are offering great value to ourty wo society that are undocumented. this is a very complicated issue and there is no one party or one political side that's ever going to fit this issue. it's going to take everybody coming together and little bit a by little bit solving along the way to try to develop some --. >> host: one more call for our guests and this will be from craig who lives in wilmington, north carolina. craig, hello there. how are you? >> caller: all right. my question is why did northinir carolina get rid of the scholarship. they no longer offer teacher fellows scholarships. >> guest: our governor north carolina has offered the largest teaching pay raises of any governor america. we have done a lot of things to try to get our education compensation system up. we

and if the uk and the eu fail to reach a deal on financial services before the uk leaves, could that pose a systemic risk to our financial system? >> congresswoman, i think in the period right around the vote and after, there was very good preparation by central banks and by finance ministries to make it clear that there were sufficient resources in place to prevent what was a very volatile period from spilling over into a period of real loss of confidence. i think it was actually a measure of the success of financial reform that there was enough confidence in financial institutions because we knew what their balance sheets looked like, we knew what their capital was and gave financial banks to respond. >> lastly, my time is almost over. i want to talk about your -- you designated ge capital, the first designation in the council's history, and this came after ge capital made significant changes to its business model, and divested nearly $3 billion in assets. now fsoc claims they only afterf virtually all of their financial businesses and therefore fsoc requires companies to gut thems

one on the eu point. here is absolutely right. and eve just went to look at coast of data as potentially anticompetitive. that's still, they're still arguing about that. it's not clear or is not the case of having data creates an anticompetitive barrier to entry. and also just having data isn't valid and its of the gift of the processing power and the know-how to handle it. that's an actively debated question. the second point about the historical looking back and seeing how you separate content, how did come back together and so on. that goes back to the point the boundaries of firms are not fixed. sometimes firm firms do things e house, out of house. as time changes they will spin things often bring things in. and it will depend on what they choose to do in second what they choose to do outside will depend in part on the transactions cost involved, and what is the right candidate will be the wrong after tomorrow. and vice versa. it's a fluid thing. >> congress has already scheduled one hearing on this merger for early december 7

conference, the prime minister's position on eu nationals shames her, and it will be a stain on her government each and every day that it is allowed to continue. the fact is, with almost every action the tories take, somebody is excluded, somebody loses out, somebody is left behind. so, let us make it clear, that is not our way, it is not who we are, and it is not who we aspire to be. and what of labor? [ laughter ] it wasn't meant to be a joke. so lost have they become that they prefer the prospect of years of continuous tory government at westminster to self-government for scotland. it is inexplicable, i know, but i guess branch offices just don't have all that much in the way of ambition. friends, labor may have thrown in the towel, but let me make this pledge today. the snp will never stand by while a right-wing and intolerate tory government undermines the very fabric of our society. at westminster, we will continue to provide the strong opposition that labor is failing to deliver. in recent months, it hasn't been labor asking the hard questions about our place in the single market and th