and the u.k. and its future relationship the sticking point at the moment is this withdrawal agreement now that is legally binding it's a document of 585 pages so there is a lot of text in information in it and essentially it says that the u.k. must abide by paying a divorce bill which is around about face $9000000000.00 pounds that they must guarantee on both sides citizens right so europeans living in the u.k. brits living in europe that those rights must be guaranteed and also the hardest issue is this so-called stop not the arch backstop would only kick in at the end of next year if there has not been a deal which to about the future relationship between the 2 the 2 that this backstop is to prevent a halt to bordeaux returning in ireland and that is between the republic of ireland which is in the south and northern ireland which is in the north and is part of the united kingdom said that is the tricky. plaint you know one of these discussions here so we have the with the withdrawal agreement w

u.k. trade deal help offset the economic damage of a no deal bricks it british prime minister boris johnson thinks so but from the u.s. congress there are strong voices of concern we tell you why. and also coming up the drug maker johnson and johnson find over its role in the opioid epidemic in the united states. welcome to the business a mortgage ensemble and good to have you with us now the g. 7 summit in beirut is ended and there were some surprises there including u.s. president on a trump sharing a fun press conference with german chancellor angela merkel and talks of a possible u.s. u.k. trade deal now one that could help offset the economic damage of a no deal breaks it at least that is what british prime minister boris johnson has been touting lately but not so fast the u.s. congress has a say on every trade deal and many congress members fear that a no deal breaks it would return you controls to the irish border undermining the 998 good friday peace agreement which ended 30 years

and the u.k. are respectively first and third in the world. in fact, the u.k. attracts more tech investment in france and germany put together. we have got a thriving scene of growth in startups. a 5% increase in business registrations over the past year, and a huge amount of new investment being attracted into our economy. what has this led to? for is led to a call clarity at the base of our nations. today, there are more than a million people in the u.k. who go to work in u.s. countries -- companies, and more than one million people in the u.s. who go to work for new companies every day. we should do this to the benefit of people in both our countries. let's be clear. not everybody wants us to succeed in this mission of giving people more power over their own lives, of allowing enterprise to thrive, and of making sure that consumers have choice, that they are able to buy what they aspire to and able to find a better life for their children. as our two nations continue to advance the cause of freedom, there is a growing disquiet from the left that sees america

there is no way the u.k. can we dodge that we will remain close neighbors whatever happens and in any future negotiation when the u.k. wants something from the e.u. the e.u. would say oh you didn't pay your bill so before we start talking to you start to pay your bill hen's one way or the other the u.k. would simply have to meet and on its financial obligations to europe and of course the banking sector have to make big decisions a lot of them the big players have moved staff to the e.u. in order to be prepared do you know already where you will be on october the 31st oprah will be in milan the office and watch events. right there no meeting they're relaxed about whatever happens on the 31st of october a chief economist at bamberg brown thank you so much for your time. now if you have the feeling that nostalgia is making a comeback is more evidence you're right 40 years after the sony walkman hit the scene sales of compact cassette tapes at least in the united kingdom are at a record high some $36000.00 to ca

that's the u.k. finance minister sajid javid saying that he plans to set out the government's budget so not not the national budget but how they can but apartments are going to get their money for the next year as a sort of fast track plan he has been due to stress that out the next 2 to 3 years but he's going to just set out the next year to give governments a better out of government departments a better idea of what money they're going to have now that you can take the $2.00 ways that's him trying to give them some certainty but also it means they can't do any long term planning probably because the situation in the u.k. is so uncertain of course the hugh very much for this analysis from britain to germany experts say europe's biggest economy could face a recession or already be in one the big german engineering firms carmakers and suppliers are all in crisis hit by profit downturns a lot of companies are cutting jobs or reducing ours it's it raises risks of a global slowdown. europe's economic mo

the u.k. and the other 27 governments this agreement has not been ratified by the by the parliament show. if they want to reinvent the wheel and to lead i then let it drive the whole agreement i don't think that is enough buying that is for some consummate saying this but that is not sufficient time to actually say the whole agreement and there is no opportunity to my understanding of actually seeing the backstop so i think what the europeans buddies missed medical of the commission mr mike own i actually pointing is to saying this in the political declination finding ways to make sure that the backstop we need be that legally but it will be very very difficult to get it unless the u.k. sam how accepts that less bowlers jumps on finds that as a landing zone for his political situation it's very difficult to see the gotten political constellation and agreement to be achieved all right nicholas qataris a senior lecturer in european union law at the university of east anglia thank you very much f

without the u.k. having any say on those matters so we do need that backstop removed but if we can do that then i'm absolutely certain that we can move forward together and i want to make one crucial point which is that we in the u.k. are absolutely dedicated to the protection of the rights of the 3200000 e.u. nationals in our country who do so much to contribute so much to our country and of course in particular our german our german friends so that's why i'm here tonight thank you very much for that wonderful welcome and i look forward to developing our friendship and our relationship. thank you ben right from the b.b.c. question to the prime minister 1st please mr johnson the e.u. says it will not renegotiate the withdrawal agreement under any circumstances so are you prepared to compromise or is this trip simply posturing before you blame the e.u. for no deal breaks it. and chancellor merkel with all agreement was defeated in parliament 3 times in britain it has been buried by boris johnson why wh

we in the u.k. want a deal we seek a deal and i believe that we can get what we can do the shop and us i think is the is the phrase but clearly. clearly. we cannot we cannot accept the current withdrawal agreement. well donna king is joining us live from berlin dominic the u.k. may want a deal or at least boris johnson may want a deal but it's going to be an uphill struggle to get one from anglo merkel and the rest of the european union is not. well so it would seem interesting phrase ology used by boris johnson there that german phrase via shuff and thus we can do it of course that was the phrase that angular merkel used several years ago now referring to the refugee crisis that then pertains here in germany so hearing that sort of language used back to her as it were by mr johnson well that will have provoked a reaction from angela merkel clearly from his perspective optimism was the message he wanted to bring here with the right prevailing wind as it were with a shift in mentality from the europe

or the u.k. rather cold for last week. well of them and that is one of the big questions of course at least from the u.k. side things aren't looking so sure of that anymore either but there is this fear here in germany as well that were gemini to become part of at least that u.s. led mission and that it could become collateral damage and the same could apply to an e.u. naval mission as well and so that's something that germany's discussing at the moment but nothing has been moved off the table so far germany is in very close talks with the u.k. and with france right now as we saw there on a great crime karrenbauer the new defense minister was already meeting with french and and u.k. officials today to discuss exactly how a joint effort can be achieved and to move things forward and find out what's very important for germany here a difficult matic solution so not any kind of military action yet but beyond that still look you waters all around hell of what about. that international naval mission that the u.s. has been trying

." ♪ >> the u.k.'s new prime minister, boris johnson takes his bid to get brexit concessions from berlin. emmanuel macron said a no deal brexit would be the u.k.'s fafault, not the e.'s. the new prime minister for suit on -- sudan. he previously worked for the u.n.. there is also o a new sovereign counsel. the trump administration moves to indefinitely detain migrantt famililies who illegegally crose southern border. right now, the limit is 20 days. hello and welcome to the e "frae 24" newsroom. i am claire pryde. -- force j johnson and emmanuel macron set to talk about the g7 summit and brexit. woulde -- macron said he seek clarification from johnson as the exit date nears. johnston was challenged by angela merkekel to find a solutn to a no deal brexit in the next 30 days. let's go now to ararmen georgia, he joins us from the palace. macron evencrone -- before johnson's arrival setting the tone of this meeting. armen: president macron ahead oftough pose this meeting with boris johnson. he said britain

there is no way the u.k. can we dodge that we will remain close neighbors whatever happens and in any future negotiation when the u.k. wants something from the e.u. the e.u. would say oh you didn't pay your bill so before we start talking you start to pay your bill hence one way or the other the u.k. would simply have to meet and on its financial obligations to europe and of course the banking sector had to make big decisions a lot of them. the big players have moved staff to the e.u. in order to be prepared do you know already where you will be on october the 31st oprah will be in milan the office and watch events. are at the end of august meeting they're relaxed about whatever happens on the 31st of october a chief economist at their bank thank you so much for your time ok. now was it in tensions between the u.s. and china aren't the only trade headache in asia the traits that between japan and south korea has escalated to tokyo it posterboard new trade restrictions against its neighbor japan for move south

as the gregson deadline approaches concerns a growing over food supply with u.k. rushing towards a no deal divorce from the e.u. agricultural supply is born gregg's it could get in between great sent that bacon. and europe's economic engine is sponsoring german economists warn of recession as the trade wars escalate and economic data disappoints. this is d.w. business i'm in berlin welcome the german economy has ended the 2nd quarter on a week note data released on friday shows exports from europe's economic powerhouse were down 8 percent in june compared with the same month last year that's the biggest drop in 3 years more and more analysts say europe's biggest economy is facing a recession many german engineering firms comic and supplies and crisis hit by profit downturns a lot of companies are cutting jobs or reducing it raises the risk of a global slowdown. europe's economic model may be running out of gas automotive supplier continentals net profit slumped 41 percent in the 2nd quarter and the company has announced plans to shut down an entire factory. compet

u.k. trade deal help offset the economic damage of a no deal bricks it british prime minister boris johnson thinks so but from the u.s. congress there are strong voices of concern we'll tell you why. and also coming up the drug maker johnson and johnson find over its role in the opioid epidemic in the united states. welcome to the business i want to get johnsonville and good to have you with us now the g. 7 summit india it is ended and there were some surprises there including u.s. president on a trump sharing a fun press conference with german chancellor angela merkel and talks of a possible u.s. u.k. trade deal now one that could help offset the economic damage of a no deal breaks it at least that is what british prime minister boris johnson has been touting lately but not so fast the u.s. congress has a say on every trade deal and many congress members fear that a no deal breaks it would return new controls to the irish border undermining the 1908 good friday peace agreement which ended

very strong that they will leave the u.k. leaving the such 1st of october but also that he is prepared to negotiate in some way as long as the box office for me and that is the problem that we keep coming back to the irish boxer. forest watching thank you so much for your insights you are not going to do company over the last hour or so for us watching the state of the. list just a reminder of our top story this story british prime minister boris johnson in belgrade for talks with german chancellor and. press the chancellor to help in bringing go shoot a breakfast deal to get you to scrap blocks current process before the hall porter in files before sitting down to the game but the facts don't have to go to the chancellor said that he would speak with one voice on the question of the. house if you know. where i come from or that you just go just like this chinese for good measure where i am reminds me of home. after decades of living in germany china has floated as one of the things i missed the most but that taking a step ba

northern ireland is part of the u.k. so you can see where the problem is there now boris johnson says. it is anti democratic it would mean that the u.k. including northern ireland would have to stand a customs union they couldn't strike deals with countries outside the e.u. they want to scrapped so far there's been no movement on that the e.u. has said it isn't possible however today and going to marco and said look we're always open to alternatives you come up with them the u.k. perhaps you could even do it in 30 days a bit tongue in cheek but that has now been the mantle that's been set for boris johnson and the u.k. government coming up with alternatives have been 30 days and perhaps there will be a deal that can be achieved before the 31st of october or did we see or hear any alternatives to or the backstop then but could possibly be reached in 30 days good question it's been asked repeatedly of boris johnson and again he was vague pointing to some report that one of his ministers has come up with there was nothing s

this u.k. consulate employee is a hong kong citizen he is not a u.k. citizen in other words that means he's chinese so it's entirely in internal matter for china so with regard to the recent series of mistaken comments the u.k. has made regarding hong kong china has openly expressed its stern position we want to once again urge the u.k. to stop making indiscreet remarks and stop stirring up trouble on the hong kong issue it more now from our correspondent in beijing scott hydra the minister of foreign affairs here in beijing on wednesday confirming that simon chang is in detention something that's called public security administration detention down in shin gen that's a border town just across from hong kong we know that part of this detention is 15 days they can be extended there's no indication that that's going to happen just yet we know maximum is at this stage 15 days so that should be a couple of days before simon has been released by the police ministry of foreign affairs spokesman saying any details about the specific case need to come from the

or the u.k. rather cold for last week. well of them and that is one of the big questions of course so at least from the u.k. side things aren't looking so sure of that anymore either but there is this fear here in germany as well that word gemini to become part of at least that u.s. led mission and that it could become collateral damage in the same could apply to an e.u. naval mission as well and so that's something that germany's discussing at the moment but nothing has been moved off the table so far germany is in very close talks with the u.k. and with france right now as we saw there on a great crime karrenbauer the new defense minister was already meeting with french and u.k. officials today to discuss exactly how a joint effort can be achieved and to move things forward and find out what's very important for germany here a difficult matic solution so not any kind of military action but beyond that still look you waters all around hell of what about. that international naval mission that the u.s. has been trying to pu

the u.k. government doesn't store information on that because being a government doesn't really want to know how those weapons are being used to this weapons are being used in a way that violates international humanitarian law and of course it would have to act and that would have to stop was sales however we do know from a huge body of evidence from united nations expert powells monist international from all the most respectable n.g.o.s in the world of people on the ground in yemen they have all it used to say led coalition will retain violations of international humanitarian law and that means destruction of schools of means destruction of hospitals of music destruction of homes this is a terrible humanitarian crisis is only possible because of the complicity in support of arms exporting governments such as be. given all of what you just said the severity of the situation in yemen why is the u.k. so reluctant to stop selling arms to the saudis. and that's because there's been a long term pol

the u.k. and the other 27 governments this agreement has not been ratified by the by the parliament show. if they want to reinvent the wheel and to read i then let it drop the whole agreement i don't think that is enough bang they just time for some consummate saying this but that is not sufi seem time to actually say the whole agreement and there is no op at that to my understanding of actually seeing the backstop so i think what the europeans buddies missed medical of the commission mr mike own i actually pointing is to saying see this in the political the collaboration finding ways to make sure that the backstop we need be that legally but it would be very very difficult to get it unless the u.k. sam how accepts that less ball is junk from fines that as a landing zone for export legal situation it's very difficult to see in the garden political constellation and agreement to be achieved all right nicholas qataris a senior lecturer in european union law at the university of east anglia thank

the u.k. . and i think this clarity is emerging. everybody agrees but nobody agrees the double is bridget alex forrester whiting is there with me to have talked through what we've just heard so did you hear anything new from the 2 leaders alex there was one. new confirmation from boris johnson which was not to do with the backstop but to do with e.u. citizens living in the u.k. where he said that yes again. e.u. nationals would be protected so this comes off the back of the government the british government suggesting a few days ago that freedom of movement would stop immediately if there was a new deal bracks on the 31st of october many europeans living in the u.k. very concerned about that what would that mean for the status so he has now confirmed that those either nationals will be protected so that was new everything else well actually no not really nothing was new we know that boris johnson does not like the irish acts stop he has already written a letter to donald tusk the president of the european council saying that has to

is fault or is it the u.k.'s fault boris johnson really is a spin doctor we know that because he was a journalist in brussels in the ninety's and some of the older colleagues personally experience how he's able to spin a story and spin reality in the direction that he wants it to be so not all the cards on the table be really don't know where he's heading at the moment so that puts us in the position that we were before with theresa may but he added that little bit of strategy to it to put more pressure on the you regarding the border between northern ireland and ireland so how have these meetings today in paris or yesterday i think changed anything knox. it's just that we had little bits and pieces of information going forward it really hasn't changed the fundamentals the fundamentals are there was a withdrawal agreement a legally binding were withdrawal agreement some people also call it the divorce agreement between the u.k. and the european union and boris johnson wants to change it because the backstop is r

this u.k. consulate employee is a hong kong citizen he is not a u.k. citizen in other words that means he's chinese so it's entirely in internal matter for china so with regard to the recent series of mistaken comments the u.k. has made regarding hong kong china has openly expressed its stern position we want to once again urge the u.k. to stop making indiscreet remarks and stop stirring up trouble on the hong kong issue and scotland has more from beijing. the ministry of foreign affairs here in beijing on wednesday confirming that simon chang is in detention something that's called public security administration detention down in shin gen that's a border town just across from hong kong we know that a part of this detention is 15 days they can be extended there's no indication that that's going to happen just yet we know maximum is at this stage 15 days so that should be a couple of days before simon has been released by the police ministry of foreign affairs spokesman saying any details about the specific case need to come from the police themselves a

in the world and even one of one of his security advisor john bolton was in the u.k. last week saying if we can't get a straight forward deal straight away we can do it sector by sector there are many fear is among the british people about a what that could mean in some areas such as food standards agriculture the health service and what it would mean with privatization coming in so there are concerns that but boris johnson very gung ho about getting a good deal with the u.s. and certainly don't trump very much keen on that but any fever you have because i want to not draw him. brussels bureau chief he is outside the elusive promise about this and let me join him in a mexican tell us exactly what is happening there and when can we expect a what are the expectations of this meeting up with this question to alex i'd like to get your perspective on it. well we understand that the police have already gotten the signal all the. shots and is pretty much due to arrive at the gates you can see that the gates have just been opened so we do expect him to arrive any time soon be

in the u.k., things are very different because of their size and what kind of resources they have available. they introduced something called "make do and mend" in 1941. they didn't tell anyone it was coming and waited for a bank holiday to announce it. so, fyi, everybody we are rationing clothing. it was a huge surprise for civilians. it does last until march 1949. we tend to think of world war ii ending in 1945, but in great britain, they still struggled for a while after the fact. here are a couple of coupon books you have for clothing. the color coupon you have will let you buy different items of clothing. we will show acute video clip about how you can trade in color coupons for other items as well. so when they started the rationing, each adult was given 66 coupons to use however you saw fit. but there were some major, significant cutbacks in 1945 through 1946, adults were restricted to 24 coupons per year. that really limited what you could purchase. there were some exceptions. if you are

standards show eve the u.k. as it warms makes a free trade agreement with big u.s. boards goods that do not correspond to pay just on that day you buy by definition in order to prove. they can give us a new market then sewn consumers we have to put some things now whether they will be on the board or they will be in they seem to learn so for ireland or somewhere else it's something to be discussed but it's possible to have a no border node 6 if the u.k. and they you know. to a certain extent right that is the legal situation of course nikos i want to ask you a lot was made particularly in the british media of anglo-american suppose that a 30 day timetable that forced johnson then said he welcomed this blistering schedule she commented on that today she walked that back a little i want to play you what she said. this is the month it would be better to say it can be done by october 31st so it's not about 30 days it just means it can be achieved in a short period of time after all the u.k. says it wants to leave the e.u. on october 31st also. you because the reality is

on the u.k. side, we said we are going to do totally opposite and have the girls looking great always and we are going to be different and keep that up. women took a lot of pride and effort to look good, even though it is not rationed, makeup is expensive with the luxury tax. a lot of homemade cosmetics come into play. we see beetroot juice being used as lipstick. and i do not recommend it, but boot polish for mascara. we are really inventive in the kind of things we are using to make sure we still look good. becky touched on this -- utility fashion. with all the new restrictions about what clothing can look like, how do we make it look good? great britain was so concerned about making sure women looked good they commissioned eight designers to create a whole new line of utility clothing that would be appealing. some of the fashion is what we think of as iconic 1940's and even some of the early 1950's was paid for by the british government to make sure that we were able to buy in, if you will, to

s in the u.k. indicate their push for an emergency debate as legal challenges against the suspension of. the haves and have nots a new report looks at the difference in life span between the rich and poor less. hello despite the fact the monsoon rains are retreating every now and again to get the best just to tease us and this is one such that would have a karate otherwise this satellite picture is largely free of tide but there's something still in eastern turkey at the caucasus and spreading across the middle of the caspian the tension baku down to $24.00 and you might feel showers here as well they want to create further around the coast towards iran but mostly it's the picture dry weather the temperature in the high forty's and by that still on the very high side this time of the year clearly it's cooler on the coast as a ways so team beirut a good example but the coast of the gulf is a different matter just on these other human hearts or slightly less he wouldn't slightly hotter i think we got

we in the u.k. want a deal we seek a deal and i believe that we can get what we can do this often does i think is that is the phrase but really. they clearly. we cannot we cannot accept the current withdrawal agreement arrangements that are the dividing the u.k. or look us into the regular treaty trade the arrangements of the e.u. legal order of the e.u. without the u.k. having any say on those matters so we do need that backstop removed that says the facts of this and what folks was it's one of the backstop has always been a fallback position if one is able to solve this conundrum if one finds the solution and we said we would probably find it in the next 2 years to come but we can also maybe find it in the next 30 days then we're one step further in the right direction and we obviously have to put our all into this. risk a lot of dominic a news in berlin personally about cosigning cautiously positive there but is that 30 day timetable she suggested a realistic. well that's the question when boris

u.k., that is a positive, real wage growth. it's been increasing. the consumer is in a god place but business investment has been slowing and it looks like g.d.p. is going to slow as well. many different factors the bank of england has to take into account. the problem is that it all is predicated on what happens with brexit. the bank of england has been basing its forecast on the fact that there's going to be a smooth brexit but in a no-deal scenario, a lot of people, and this includes some b.o.e. officials, have been coming out and saying that maybe the best thing would not be to raise rates. but as you say, if they were to cut rates, or come out with a dovish signal, that could put -- put further pressure on the pound which fuels further inflation. if we get a no-deal outcome, the bank of england is going to have to cut the pound will fall, it will fuel inflation and then it will have to hike and then its credibility comes into question. david: the big question is over at number 10 down

to that country and the rest of the rest of the u.k. so in your eyes and jonathan boris johnson is and use this description he has a has a product or symptom which one is that of the disunity in the u.k. . absolutely the problem the problem with boris johnson well one of the many problems with boris johnson is that he's actually not as popular as the conservative party thinks he is the reason that the conservatives elected boris johnson was that they thought that he was a winner so they overlooked his many kind of gaffes and bull and verbal sort of a journalistic errors and offensive remarks over the last few months alone the last few years and he suddenly became the number one candidate because they thought he could win but that was actually very outdated notion because the only time he's really won was in london and that was before bracks it london is london now thinks very little of boris johnson because of his role in in brics it and of course scotland as he said it was very opposed to brics that wales is now much more remain that i

the u.k. is set to report second-quarter gdp tomorrow with economists expecting a slowdown is brexit headlands grow. let's get started with a quick check of the markets. we continue to see strong momentum with u.s. stocks jumping the most in two months. the s&p 500 about to embrace its weekly loss. every sector is in the green. the nasdaq is gaining for the third consecutive session. sentiment around china and what it is doing with you on setting a stronger-than-expected fixing for the currency giving investors confidence that there may be some stabilization in the chinese yuan. we are seeing 30 year yields rising for a second session. this is after it fell near record lows earlier in the week. given where rates are at the moment, we have seen a strong focus on that the 30 year bond option. the u.s. transit -- treasury sold bonds at 2.335%. the ratio coming in at 2.24. this was just have an hour ago. the key for everyone is watching the markets to see investor demand gauging their demand at su

side would be able to unilaterally decide how long the u.k. remains under that backstop i do think that the obvious compromise still is a time limits to that backstop but for that we need aren't to move and so far in art and people don't seem to realise that if they risk a no deal this will cause potentially more economic damage to aren't done to the united kingdom and that it may also not only undermine the peace process because the e.u. would be insisting on a hard border in our hands but it would also perhaps damage relations between ireland and its partners in the european union let's go to jennifer who seems to be willing to offer a different argument. well the 1st thing to say about ireland is that they have no osce to practice it and aren't has a very long history of being mistreated by britain in fact over 800 years culminating in the partition of violence and in the troubles which only ended 20 years ago so the memories that are hard are extremely rule in ireland and so naturally they want to see everything they can to ensure that the

for the u.k. as a whole i mean you can you know i mean it it's so impossible to tell what is going to happen from one minute and that's when i know it's in the next not just in scotland but in britain and across the world and things that happened that occurrence that we never thought would happen you know donald trump was president boris johnson as prime minister. you know the prospect of scottish independence which was you know i mean i split not that long ago ready was seen as a during you know it wasn't seen as something that was not deadly serious and but over the last 12 years since the scottish national party took control of the scottish parliament to those in 7. 100 when it was control ready this is again you know something that has been on the agenda. you know will we be on the 31st of october with a new deal yet there's a pretty good chance we'll something happen in between to start that yes again has a very good chance and i think and you know with respect to scotland though and if it's.

the u.k. government has raised concerns about a staff member from its hong kong consulate has been missing since crossing into mainland china simon chang attended an event in chen's and on august 8th but did not return. the u.k. and e.u. leaders appear to have hardened their positions on reopening brags that negotiations bring more doubt on any breakthrough before the october 31st deadline european council president donald tusk has. injected british prime minister abbas johnson's latest in months to get rid of the so-called irish backstop provisions in the current withdrawal agreement it's an insurance policy to prevent border shots between northern ireland and the republic of ireland honestly has more from dundalk near the republic of ireland's border with northern ireland. this is the more motorway the main arterial routes connecting the republic of ireland behind the camera to northern ireland in the u.k. away in the distance and it is the absolute flashpoints in the standoff between the eu

is fault or is it the u.k. fault boris johnson really is a spin doctor we know that because he was a journalist in brussels in the ninety's as some of the older colleagues personally experience how he's able to spin a story and spin reality in the direction that he wants it to be so not all the cards on the table be really don't know where he's heading at the moment so that puts us in the position that we were before with theresa may but he added that little bit of strategy to it to put more pressure on the e.u. regarding the border between northern ireland and ireland so how these meetings today in paris or yesterday i think changed anything that makes. it's just that we get little bits and pieces of information going forward it really hasn't changed the fundamentals the fundamentals are there was a withdrawal agreement a legally binding withdrawal agreement some people also call it the divorce agreement between the u.k. and the european union and johnson was to change it because the backstop is right in there

u.k. stock -- ftse 250. let's look at the industry groups that are moving in the stoxx 600 of the stocks trading. i've got the grr screen and we can see that all groups are gaining today. this is a day of a rising tide lifting all those. auto parts, travel and leisure, and chemicals are doing the worst best, if you will. on the upside, utilities, technology, and health care. interesting mix of growth and defensive groups. banks are the fourth biggest gainer today and industrial goods and services are bringing up the rear of the top five. lucy macdonald, the cio of global equities at allianz global investors is still with us. we want to get into the trades you like. your contrarian trades, though they are not trading currently -- currently, u.k. industrials. lucy: contrarian because it is an area you see absolute value. in a world where there isn't much of it. you are getting single-digit and yields to match. it is contrarian. it is high risk and not something i want to be putting too much money on at the mom

in the united states and all around the world welcome can the u.k. parliament use legislation to prevent its own suspension a la position leader jeremy corbyn tonight says yes it can he plans to introduce legislation to block prime minister boris johnson from suspending parliament ahead of bricks it just yesterday johnson announced that he will suspend parliament for 5 weeks between september and october he says the break is necessary to allow the government to develop its domestic agenda opponents say it's an undemocratic attempt to stifle debate before britain's scheduled departure from the e.u. on october 31st. more than $1000000.00 signatures were gathered within 24 hours against the forced recess of parliament many britons are furious with their new prime minister boris johnson including businesswoman and anti breaks at activist gina miller she has launched legal action to defend the rights of parliament in the courts. we're not questioning whether having that power using it is illegal or not what we're questioning is that the use of this power

porters and tourism to the u.k. could also rise if occasion is find the country more affordable a silver lining perhaps to unpredictable times. the more i'm joined by barry head of market analysis to manage europe he joins us in london good to have you with us you probably heard our reports was the end just cited some possible upsides to a week at palin for example tourism do you share that optimism. i don't find the argument particularly persuasive frankly if you look at the u.k.'s current account balance as a percentage of g.d.p. so solidly in the negative effect it's barely improved since the referendum so even though you could argue that certain industries have received narrow benefits from the we compound on the whole the cost of the economy have significantly outweighed the benefits and you can see that in the price of sterling it's trading you know approximately 20 percent weaker against the euro compared to 2015 is high as it is 20 percent for all in the attractiveness of all u.k. assets for international in

something else happens and that something else has to be legislation from the british parliament the u.k. will withdraw without a deal that's the no deal breaks it on the 31st of october the parliament in order to avoid the situation has to legislate to do so but with this use of what is otherwise an ordinary power there's a correctness in saying it's an ordinary power but for using it to give 5 weeks of suspension 5 weeks for that debate 5 weeks without any means of creating that legislation and avoiding any kind of no deliberate said we're facing to a very simple question of there is little or no time so there's some very important points to think about that for days that was just mentioned that the parliament will resume it'll come back from its summer holidays summer recess and the start of a temper and it will probably be a program on the 10th of september if those few days are the very end of this parliamentary session any legislation which has not reached through both house of commons and has of the words and become law by that date is dead it will not continue into next session b

a lot of products in the u.k. came from america and one of the things we now know that the people giving those. people who maybe were in prison. and i encouraged to give that. to provide. this is a result showing that you were 8 feet 3. years and you weren't. were you told that you were being. rejected. because. the drugs don't move and the brutes and ankle supports have saved me a few times because sometimes you walk and you roll your own call and if i didn't have these on i would have very bad bleed from one girl's. like other he was fairly x. martin has problems with joints mainly his knees and elbows caused by internal bleeding. and was diagnosed within a full year about the age of 6 months old. growing goal with hemophilia back then for a parent it was a nightmare children there always were in falling over buying in themselves and i would have all kinds of internal bleeds and damage to my joints. burden was under constant medical care 1st at birmingham children's hospital and of your age of 17 he was sent to

leeds u.k. government documents are warning of serious disruptions if britain leaves the minus a deal on top of the 31st or before that the cabinet office dossier code named operation yellow hammer was given to the times newspaper it says serious shortages of food fuel and medicine would be likely the report also warns of a return to a hard border between northern ireland that's the province of course in northern ireland and island i.e. the irish republic let's talk again to a macand he's a journalist and political activist join us on skype from londonderry in northern ireland immigrates have you back here on the news are not just a quote from the leaked bits of operation yellow hammer if this goes ahead and it's a hard crash out that would mean a hard irish border after plans to avoid checks in effect fails and then crucially it is talking as well about the possibility of protests in northern ireland is that the reality that you're anticipating as well. well that is the reality and date. by the

u.k. as well as a number of european arms manufacturers led by french and german companies. officially the use of these european weapons is compliance with international law but the truth is far more complex this is a u.k. many factures weapon produced in a 2015. minutes all school ended and shipped girl one go together muffled but the look polite this is all i. asked for answers europe's leaders are keeping their lips sealed. because if he doesn't do it we don't need it is it a momentous year. for the solstice focus on the abuse. evidence has been gathered accusation. has to be mechanical to bomb them off go back go join a computer think that let's show that it the u.k. and france themselves those states are risking complicity in future unlawful coalition attacks. the saudi and u.a.e. that coalition has been accused of violating international humanitarian law and the rules of war supplying the weapons used in these alleged war crimes would make the u.k. france and germany complicit. a maj

the u.k. side has made clear that they won't be imposing border checks on the border so the real question is what is the you going to do hard is that you going to plead or are you side going to tell ardent hey you have to guard our external border well yes michael has already made that clear so far the government has been unclear how it will deal with that it has admitted that some checks will be necessary but then the question is if it's not properly checking the irish border will this then not create tensions with the older e.u. countries jonathan do you think that jeremy corbett would be this time more inclined to call for a vote of no confidence. well it's heading to this had it heading to that point because as a so it's pointing out we have very little time now for a legislative solution to this crisis because johnson has taken away so much that possible time so the government will do all it can to thwart and peace trying to stop and no deal which are deliver food and medicine choices so

for the u.k. as a whole i mean you can i mean it it's so impossible to tell what is going to happen from one minute and that's one hour to the next not just in scotland but in britain and across the world and things have happened that occurrence that we never thought would happen you know donald trump was president boris johnson as prime minister. you know the prospect of scottish independence which was you know i mean i split not that long ago ready was seen as a during the you know it wasn't seen as something that was not deadly serious and but over the last 12 years since the scottish national party took control of the scottish parliament to those in 7. 100 linguists control this is again you know something that has been on the agenda. you know will we be on the 31st of october with a new deal yet there's a pretty good chance we'll something happen in between to start that yes again has a very good chance and i think and you know with respect to scotland though and if it's. scotland did not vot

but not everyone else already is the u.k. general manager and 26 additional bank these companies charging towards london at a time when others are backing away i want to know why but i had a burning question to get out of the way 1st are your friends afraid you look into their account. more than one of them so i mean. yes i have the question obviously is there's a lot of there's a lot of security restrictions we have in place and it would be highly inappropriate of me to be there and not say it is not something that i do you rolled out the service in the u.k. in november of last year for example uncertainty was already a thing so why are you coming when so many others are going we launched to write the. in november of 2018 but already there have been over a year of planning that went into so launching researchers who big and competitive all now throughout that whole period of kools we knew what the results of the referendum was. i'm out was we want to come here regardless of whatever happens with the outcome of this will stil

for the u.k. as a whole i mean you can you know i mean it it's so impossible to tell what is going to happen from one minute and that's when i know it's in the next not just in scotland but in britain and across the world and things that happened that occurrence that we never thought would happen you know donald trump was president boris johnson as prime minister. you know the prospect of scottish independence which was you know i mean i split not that long ago ready was seen as a during the you know it wasn't seen as something that was not deadly serious and but over the last 12 years since the scottish national party took control of the scottish parliament to those in 7. 100 linguists control this is again you know something that has been on the agenda. you know will we be on the 31st of october with a new deal yet there's a pretty good chance we'll something happen in between to start that yes again has a very good chance and i think and you know with respect to scotland though and if it's. sco