as long as the u.k. remains a member of the european union the u.k. has to go on implementing european union law. mifid ii is one of the biggest pieces of implementation we will be doing during this period. hot on the heels of that, in the context of the withdrawal legislation in the u.k., we are working with the government, having to go through all the regulation and the rules that come from the european union and work out how to transport them into u.k. legislation and rules. that is a big job. we are well underway. that includes having to deal with mifid ii among other things. we are trying to work out how to transport it into u.k. legislation. which is challenging in terms of timetables and load but we are having to do that obviously. the commitment of the u.k. is that on day one, we essentially have the same framework of legislation, rules, operating as we do, that is the point from which the u.k. goes forward. nejra: does this in any way mean you will have to adapt more as the sca -- as the fca, u.k. firms might get more time or leeway? >> as a

comes as many businesses across the u.k. and europe are struggling to prepare for brakes it that's because they simply don't know what it's going to look like huge uncertainties remain how will it impact the border between northern ireland which is part of the u.k. and republic of ireland which is in the e.u. for example and the clock is ticking the worry is that the u.k. will crash out of the european union without a deal and e.u. summit in brussels was held this week to review the progress so far german chancellor angela merkel tried to send a positive signal about the future of a possible agreement. but it wasn't that but it was a busy view both sides must work hard we must be transparent over our conclusions especially over the partnerships a person might want but not yet fully clear on that but it will happen it will happen within the required time frame and we all know when the negotiations will end i want an agreement and not some unpredictable solution we're working very intensively on that let's speak now to simon f

the u.k. would keep paying the eu budget for two years after brexit, around 20 billion euros, quite a bit lower than the 60 billion euros put forward by the eu. what theresa may also said, or signaled, is that she needs a deal that she can sell back to her electorate in the u.k.. one thing about this cap -- some it is the previously, both the eu -- u.k. and eu saying, there seems to be a little bit more of a tone of cooperation. german chancellor angela merkel sanctions very motivated to move talks -- angela merkel saying she's very motive to move -- motivated to move talks up. that doesn't mean there's necessarily a time frame, but there was a little bit of a shift in tone as to when talks might move on. guy: it's interesting, still comes down to money, doesn't it? what can we expect in change by december? nejra: it certainly does still come down to money. guy, to the point what we have heard, -- to that point, what we've heard from some leaders is that the pledges, the u.k. has made a signal

citizens living in the u.k. after brags that in u.k. citizens living in. new leaders feel the same way that there's a deal within touching distance on this issue. michele dunne the the chief negotiator the man who in brussels represents the interests of the twenty seven member states at the negotiating table at least i would say there is good progress in the field of citizen rights he knows of course as well as does all the twenty's other twenty seven leaders that the big question still is the rights that have been agreed in these negotiating talks how will they be guaranteed once the jurisdiction of the european court of justice seizes to exist in the in the u.k. with brax it as though that is still a question why even in this field there isn't sufficient progress these who also knows of course that with theresa may who just sent a letter to one hundred thousand e.u. citizens who inquired about their status ensuring that they will be able to stay the e.u. knows of course she has a vested interest that a workforce of more than three million people stays in

is demanded sufficient progress on three key issues the rights of u.k. and e.u. citizens prosperous it how the border between northern ireland and the republic of ireland will function and most contentious of all how much money the u.k. owes so far on a major breakthroughs on any of the above meaning progression to the next phase is now unlikely before december but even on that the u.k. and the e.u. are on opposite ends of the court. who are ready and well prepared to start those discussions. i'm not in a position at this stage to propose to the european council that it should open discussions on the future relationship. that's despite monday's last minute charm offensive from two reason may in brussels may have looked friendly bots the pressure is clearly mounting the time is running out the clock ticking very fast like a game of tennis these lookers are on a deadline u.k. shadow to leave the e.u. in march twenty nine thousand. of them on the brink that negotiations i'm joined by our brussels correspondent. killed the british prime minister terrorism mrs britain

the u.k. in our brexit show next and speak to a former ambassador. this is bloomberg. ♪ retail. under pressure like never before. and it's connected technology that's moving companies forward fast. e-commerce. real time inventory. virtual changing rooms. that's why retailers rely on comcast business to deliver consistent network speed across multiple locations. every corporate office, warehouse and store near or far covered. leaving every competitor, threat and challenge outmaneuvered. comcast business outmaneuver. francine: welcome to our weekly brexit show, live from our headquarters in london. let's get around up of the brexit news. thea: theresa may started week facing growing demands to quit. he said he has a list of colleagues who want to choose a new leader of the party and prime minister after she failed to win a majority in an election. theresa may won support. praise terse strategy after she outlined contingency plans -- leaving the e.u. the you without a deal. -- leaving the e.u.

u.k. foreign secretary falls in line on brexit. members of parliament take stock of brexit with barnier. doubling down on catalonia. spain moves to tighten its grip on the region two days after its independence vote, while the eu refuses to recognize the regions referendum. welcome to "bloomberg daybreak: europe," our flagship morning show. i am manus cranny. anna: i am anna edwards. hammond, philip yesterday, talking not about policy but the labour party. we will discuss that later in the program. we will talk about the leadership of the party. theresa may is in the hot seat. has ambitions towards that seat. about thelk more future of the leadership of the party. we need to talk about the markets. despite what we hear from the white house about how there will be no talks with north korea, the markets are heading higher over the last 24 hours. data, younufacturing have already been starting the conversations. we will hear a little from one of those. the chief secretary from the u.k. treasu

comes as many businesses across the u.k. and europe are struggling to prepare for brakes it that's because they simply don't know what it's going to look like huge uncertainties remain how will it impact the border between northern ireland which is part of the u.k. and republic of ireland which is in the e.u. for example and the clock is ticking the worry is that the u.k. will crash out of the european union without a deal and you summit in brussels was held this week to review the progress so far german chancellor angela merkel tried to send a positive signal about the future of a possible agreement. but yes most of the fight is the. view both sides must work hard we must be transparent over our conclusions especially over the partnerships a person might want but not yet fully clear on that but it will happen it will happen within the required time frame and we all know when that will end i want an agreement and not some unpredictable solution we're working very intensively on that let's speak now to simon french in london

and the u.k. is going to be so they're saying let's let talks progress even further and then we'll talk about the some the e.u. though says no that is not going to happen so we're going to have to see what happens in the next couple of months on that because that was case scenario they're going to be in this exact same position two months from now in december and that really would be a disaster not just for the u.k. but for the e.u. as well and if they continue to be in the same position i mean you might even get the potential no deal scenario we know that london's brags that minister said again on friday that he is prepared to walk away empty handed and i just want to listen to what he said and then talk about it with you there after. what we've been doing for over a year now since august of two thousand and sixteen is making preparations for all outcomes now we don't want a new deal but if one comes we'll be ready for it so charlotte i mean i sense some confidence there from him you seems as if

this is a lose lose situation they never wanted the u.k. to leave whereas for the u.k. side at least for those who campaigned in favor of bracks that they will hope to make this a success and to some extent that's a position is reflected when david davis keeps laughing in these. difficult negotiations when he talks about a substantial progress for instance when he says you know things are moving forward while his counterpart is saying we're in a deadlock and that is the ultimate also for the u.k. that they have to negotiate on something where later they have to say it's a success and the out of the likely outcome at the moment is either no deal or norway deal which would mean everything stays as it is but the u.k. would have no more say in the decisions of the e.u. institutions taking that into account again what you've just been reporting both sides needing to say face what's the possible way forward the very hard to say there's some talk about a transitional phase we're currently we're down to seventeen months to go now you have to substract a couple of months because

comes as many businesses across the u.k. and europe are struggling to prepare for brakes it that's because they simply don't know what it's going to look like huge uncertainties remain how will it impact the border between northern ireland which is part of the u.k. and republic of ireland which is in the e.u. for example and the clock is ticking the worry is that the u.k. will crash out of the european union without a deal and either summit in brussels was held this week to review the progress so far german chancellor angela merkel tried to send a positive signal about the future of a possible agreement. but it wasn't as bad as they. view both sides must work hard we must be transparent over our conclusions especially over the partnerships bush and might want but not yet fully clear on that but it will happen it will happen within the required time frame and we all know when the negotiations will end i want an agreement and not some unpredictable solution we're working very intensively on that let's speak now to simon french

matt focuses on the u.k. story ahead. the u.k. jobs report data which is key to the bank of england rate decision, bloomberg intelligence says the strength of the numbers may convince officials to hike wage gains. we have the inflation data yesterday. hunting of excitement as we head toward november. let's get more details about that. will not have to overhaul operations to comply with new regulations. [inaudible] by there is plenty of audience interest. give us the back story here because this has to do with the 2 andct between mifid existing sec rules. >> i am glad you have got that up there. i cannot emphasize how significant this development is. there is a conflict between the u.s. and europe. the aim is to provide transparency and one big part is they will have to start unbundling research costs. providing transparency and the issue is in the u.s.. this withoutnot do registering as investment managers. they get all kinds of extra oversight. there has been a questions over how u.s. firms will do this. no doubt regulars have be

clearly, the u.k. does not want to leave. the u.k. is becoming ever more week in its ability to -- evermoreweak in its ability to in its abilityk to negotiate. of timethis extension until things settle by nature rather than decision. guy: kindergarten. we will leave that one alone. i am joking. [laughter] steen: wasn't it what they said about the whole politics? guy: yeah, anyway. so buy the pound? how high does ago? steen: i have been doing this for a number of decades. guy: just pick a number. steen: sterling below 140 overlong periods is very difficult to see. 140 is the ultimate rate by which the u.k. is still competitive and the global investors show faith in the u.k. market. what is increasingly happening when i turn around in the world is people are starting to understand the u.k. is not just breaks and thinking -- bricks banking. you have all the telecommunication companies. you have the highest concentration of phd's per capita. there is a lot to say for the ability to adapt. this country has never not been willing to stand u

and u.k. actually take verifiable action and start limiting its assistance to the coalition their behavior likely will not change the only time we saw a change in behavior by the coalition was and it was a small change in behavior was when the u.s. put partial arms sales on hold under the obama administration due to gross violations of human rights and air strikes that were targeting civilian areas so there needs to be more action particularly from the backers of the coalition and i think domestically in each country in the u.k. and the u.s. there is growing domestic opposition to involvement in backing of the coalition and it's really reaching a fever pitch so i guess and i think this block list is a good first step but more must be done pick up more on that point which you mentioned about action from the backers but with for we go down that route i want to bring christine back into the discussion what does being put on a u.n. blacklist. i mean for accountability in practical terms. well i th

the dots, the big exporters into the u.k., they need a stronger us economy as well. the u.k. economy close to them. manus: that's perhaps what theresa may is banking on. the other consideration, of the imf and world bank meetings. unemployment is at a four decade low. he is reinforcing his rhetoric. how far away are you? this is the european market. this is the british market. it's virtually shoo-in in november. he really runs a big risk if he doesn't. he better do it. that impedes all that's in because him? a reliable boyfriend. -- unreliable boyfriend. 25 points panic cut been taken away, make sense. it would have to be really we do really week data this week. it would be a big surprise. he must be frustrated about being called on unreliable boyfriend. i'll be the cast. how that all adds up into picture for november. on the policy extent, it's difficult but not impossible to draw a line between what's happening and another early election. we had five years between the that's between them. them.ween said there's an excellent threat to the u.k. economy. germany is not happy w

u.k. prime minister theresa may a helping hand from angela merkel in her cast -- in her quest to advance toward brexit talks. economy, jobs and fair work, telling us what this would mean for scotland. the search for the next fed chair could be nearing its end. president donald trump met with the current fed chair janet yellen yesterday, what would this mean for monetary policy at the worlds of central bank? the evil illusion in the pharmaceutical industry is extending to real estate. founder,, joining us live. having a look at european equities trading right now, we are 30 minutes away from the friday session. look at that, look at the stocks rising. down for the week, all these equity bosses, are up today. currencies are lower, bond yields gaining, commodities and cbs's arid final two columns. 30 weeks ago yesterday was black monday. the day after was a record decline. yes on black monday, the ftse fell. a record 12.2%, the two day drop equated to $138 billion. the cap at the end of the d

supersonic u.k. french concorde would be more bold thanks to companies such as lockheed allegedly lobbying the us government to prevent it flying to los angeles so that the plane could never fully make its money back there were other reasons but either way new york has never since been three and a half hours away from london this time around bomb body and all its jobs in northern ireland appeared to have been rescued by air bus a company that boeing as a lot to say about on its website the big dispute between the united states and europe has been about the european practice called launching so what exactly is smart she taxpayer money the governments of france germany the united kingdom and spain to airbus every time it wants to develop a new airplane model because boeing doesn't get any money for its weapons programs from the u.s. taxpayer right in fact this week's boeing results are arguably a testament to the. state subsidy which makes for a circular argument many more area space workers are employ

comes as many businesses across the u.k. and europe are struggling to prepare for brakes it that's because they simply don't know what it's going to look like huge uncertainties remain how will it impact the border between northern ireland which is part of the u.k. and republic of ireland which is in the e.u. for example and the clock is ticking the worry is that the u.k. will crash out of the european union without a deal and each summit in brussels was held this week to review the progress so far german chancellor angela merkel tried to send a positive signal about the future of a possible agreement. but it wasn't as bad as they can be both sides must work hard we must be transparent over our conclusions especially over the partnerships a person might want but not yet fully clear on that but it will happen it will happen within the required time frame and we all know when the negotiations will end i want an agreement and not some unpredictable solution we're working very intensively on that let's speak now to simon french

comes as many businesses across the u.k. and europe are struggling to prepare for brakes it that's because they simply don't know what it's going to look like huge uncertainties remain how will it impact the border between northern ireland which is part of the u.k. and republic of ireland which is in the e.u. for example and the clock is ticking the worry is that the u.k. will crash out of the european union without a deal and even summit in brussels was held this week to review the progress so far german chancellor angela merkel tried to send a positive signal about the future of a possible agreement. but it wasn't that but it was a. view both sides must work hard we must be transparent over our conclusions especially over the partnerships a person might want but not yet fully clear on that but it will happen it will happen within the required time frame and we all know when that will end i want an agreement and not some unpredictable solution we're working very intensively on that let's speak now to simon french in london

and the u.k. is going to be so they're saying let's let talks progress even further and then we'll talk about the some the e.u. though says no that is not going to happen so we're going to have to see what happens in the next couple of months on that because that was case scenario they're going to be in this exact same position two months from now in december and that really would be a disaster not just for the u.k. but for the e.u. as well and if they continue to be in the same position i mean you might even get the potential no deal scenario we know that london's brags that minister said again on friday that he is prepared to walk away empty handed and i just want to listen to what he said and then talk about it with you there after. what we've been doing for over a year now since august of two thousand and sixteen is making preparations for all outcomes now we don't want to no deal but if one comes we'll be ready for it so charlotte i mean i sense some confidence there from him you seems as if

and u.k. actually take verifiable action and start limiting its assistance to the coalition their behavior likely will not change the only time we saw a change in behavior by the coalition was and it was a small change in behavior was when the u.s. put partial arms sales on hold under the obama administration due to gross violations of human rights and air strikes that were targeting civilian areas so there needs to be more action particularly from the backers of the coalition and i think domestically in each country in the u.k. and the u.s. there is growing domestic opposition to involvement in backing of the coalition and it's really reaching a fever pitch so i guess and i think this block list is a good first step but more must be done but pick up more on that point which you mentioned about action from the backers but with for we go down that route i want to bring christine back into the discussion what does being pulled on the u.n. blacklist mean for accountability in practical terms. wel

the u.k. anti-e.u. share the same objective of safeguarding objective of safeguarding the rights of the internationals living in the u.k. [no audio] while there are a small number of issues that remain on citizens rights, i'm confident we are within touching rights of a deal. in northern island, we agreed that the belfast agreement must be at the front of our approach. vital that joint work on the peace process is not affected in any way. it is too important. both sides agree that there cannot be any physical infrastructure at the border and the common travel area must continue. we are both committed to delivering a flexible and imaginative approach on this vital issue. this council is an important movement -- moment to assess and reflect on how to make further progress. i gave a firm commitment on the financial settlement and i proposed a time limit based on current terms which is in the interest of both the u.k. anti-e.u.. -- and the eu. fellow leaders have been discussing this this morning and i beli

u.k. news effectively all of our bureaus worldwide they will no longer be able to advertise on twitter although they do also say this isn't a decision they've taken lightly they justify this decision according to this statement they've made because of artes inclusion in that january twenty seventh d.n.i. report on those allegations of russian meddling in the us election now it's interesting that this is happening now because obviously on the first of november twitter representatives are due to give testimony in congress based on those accusations of election interference and this comes of course in the wider context if you remember back in the end of september twitter issued a report i believe it was called election interference bots and misinformation which mention r.t. as one of those factors which affected the middle in the u.s. election in that report they also released confidential data related to how much money spent on twitter social media platform advertising that figure came to ab

we're going on the run is u.k. shadow home secretary diane abbott speaks out against tory cuts brought on to bail out the city of london the labor assembly against austerity today coming up on the show how dangerous is u.k. foreign minister boris johnson as jim just in the pentagon leads a delegation to korea we also would enjoin this dr gary porter about the perils of potential british backing for a trump nuclear war in asia and we speak to fashion icon vivienne westwood who along with a nine year old boy could find themselves going to jail for opposing fracking in britain plus all sorts of curious finger gestures are being deployed each trying to do better in terms of eccentricity possibly of prowess what little that's happened in this week's u.k. pm queues all the more going on today is going underground but first apart from this week's british economic growth figures which contradicted pre-breakfast referendum city of london predictions there were also figures out from weapons company boeing that's boeing recen

is demanded sufficient progress on three key issues the rights of u.k. and e.u. citizens prosperous it how the border between northern ireland and the republic of ireland will function and most contentious of all how much money the u.k. owns so far and a major breakthroughs on any of the above meaning progression to the next phase is now unlikely before december but even on that the u.k. and the e.u. on opposite ends of the court. were ready and well prepared to stop those discussions. i'm not in a position at this stage to propose to the european council that it should open discussions on the future relationship they discuss. that's despite monday's last minute charm offensive from two reason may in brussels may have looked friendly bots the pressure is clearly mounting the time is running out the clock ticking very fast like a game of tennis these lookers she asians are on a deadline u.k. shuttle to leave the e.u. in march twenty nine thousand. let me now bring you up to speed with some other stories making news around the want of ghana sounds defense ministry

twenty seven so without the u.k. but also in the u.k. they have understood that they're giving her a little more leeway and while officially still insisting on those principles i wife from the president of the european council donald toast presented the so-called leaders agenda to discuss the reforms proposed by france's president ma crawl all those reforms real solutions. what you have at the moment is you have a very enthusiastic french president with a lot of energy making a lot of proposition suggestions all over the place and i think there's two fold here what dawn of the president of the e.u. council is trying to do is giving all those visions of that energy a little structure sort of channeling what the call is proposing and at the same time not only channeling it but preserving the ambition that is behind it because that you have to think about it you know if you still have twenty eight member states that might not agree with everything that a minute michael is saying that's one problem the other problem is that often in the past

we in the u.k. come have been very oh to startups. best very open to fintech. interestingly, i saw this as a board member before i became chief executive, there has been a really important mindset change, but when you can and cannot do. to be some truth to it, but we do not have a royal as regulator to enable change. best we do have a rule as regulators to enable change, and we are enabling it. we're having to answer the question because our local book -- our rulebook was designed in a different age, sometimes against the way in ways that we should look at. has taken a big lead and i am very proud of what they have done globally to react best globally. we have strong alliances now with other parts of the world, singapore, hong kong are two examples of countries that followed strongly. i really hope that we will have this in relationship with the eu. i do not see it as a race to see who has got more fintech, one thing about fintech is it is pretty borderless. that rules for another time, you made reference to that. when you look at things like cryptocurrency, co

nationals living in the u.k. and u.k. nationals living in the e.u. . e.u. citizens have made a huge contribution to our country and let me be clear that whatever happens we want them and their families to stay. is covering the e.u. summit in joins me now from brussels gil good seems in leaders like that much of what tourism is said there but there's also the scene there's not enough to start the second phase of negotiations is that right. went to resell left this year's summit of the to give all the other twenty seven leaders a chance to bid to talk about sit by themselves chair a little smile on their face and the reason for that is that she has been given a gift from the other twenty seven now it took them just ninety seconds apparently that is what diplomats told us here are to decide that the e.u. will not move to second to the second phase something that a reason they would have liked to see but what they have agreed on they gave green light to prepare this second phase and that is something to reason they will be able to take home now the e.u. leaders

twenty seven so without the u.k. but also in the u.k. they have understood that they're giving her a little more leeway while officially still insisting on those principles i wife from the president of the european council donald toss gold presented a so-called leaders agenda to discuss the reforms proposed by france's president ma crawl all those reforms real solutions. what you have at the moment is you have a very enthusiastic french president with a lot of energy making a lot of proposition suggestions all over the place and i think there's two fold here what they wanted to skip the president of the e.u. council is trying to do is giving all those visions of that energy a little structure sort of channeling what the call is proposing and at the same time not only channeling it but preserving the ambition that is behind it because that you have to think about it you know if you still have twenty eight member states that might not agree with everything that a minute michael is saying that's one problem the other problem is that often i

think that the outlook for the u.k. economy and the politics surrounding the u.k. entegris negotiations remain highly uncertain and opaque. world, look across the we are in most of the -- we are overweight on most equity markets versus the u.k. where we are neutral. we don't want to be taking large bets on the domestic focused revenues in the mid-cap part of the market. what's interesting is that stands out from the industry as a whole. when you look at the average u.k. fund, there is approximately 42% weight and 20% overweight compared domestic focused socks. we don't think that makes sense in this current environment. you very much.nk mike bell will stay with us. coming up, a taxing time for the u.s. senate. they adopt a budget. tom tweedy now. the senate has the first step to delivering massive stack scott's -- tax cuts. shinzo abe's gamble in japan a pay off? this is bloomberg. ♪ >> good morning. 620 -- 6:20 and london. an hour later in berlin. 1:20 in the afternoon in singapore. clouds but son. we are getting earnings from volvo a b. that is not the maker of

the u.k.'s conservative party conference gets underway. looks told a hard brexit increasingly likely. we will take you live to manchester. and the constitutional crisis. pro-independence groups call for a general strike. today as the european parliament decides it will debate the referendum tomorrow. how will the eu ultimately handle this confrontation? with less -- we are less than half an hour from the start of cash trading in europe. what are the fair value calculations on the bloomberg telling us about that start? honestly, nothing to see here is where we find ourselves at the moment. indications of a flat opening. not a lot going on. but you have to appreciate where we are. the dax hit a record yesterday. a similar push yesterday stateside on the snp -- s&p. equities feel on the front foot at the moment. the dollar definite -- definitely feels on the front foot as we watch it make its climb. its turn to the gmm and look around the world to see what is going on. the aussie dollar, the rba

u.k. time. revenue andn the the trading revenue of 1.51 and the market had penciled in 1.60 6 billion. progress on the preparedness for an asset management ipo, this is one of the parts of the business deutsche bank is looking at most closely, progress on preparedness for an asset management ipo. let's get back to my guest. one thing i saw in our own copy, calleds a backstop, it's 15 billion euros of reinvest will be touring bonds that the ecb actually bought. let's say they take it away, they take up 30, the next trade here is still a little bit bullish. i think the market understands all of this. it's these important moments that indicate the direction that policy is going. as we've seen from previous big events from central banks in terms of going into qe programs are coming out in any way, the markets tend to price in that whole action very quickly and well in advance of the actual full change of policy taken place. it is still a key event although the markets understand with the reinvestmen

says the u.k. must make more concessions on divorce issues before the two sides can start talking about their future relationship. theresa may did her best to keep up appearances but to many here in brussels her performance was little more than a staging of the impersonal close. even as negotiations have all but stalled the british prime minister continued to play coy how much is one willing to pay and when the answers to those questions remain a mystery the full and final settlement will come as part of the final agreement that we're getting in relation to the future partnership and i think that's absolutely right. the two sides continue to lock horns over how much britain should pay to settle the divorce from the e.u. friday's morning meeting did little to sweeten the souring relationship but prime minister may didn't come completely empty handed she offered e.u. leaders an olive branch pledging to protect citizens from britain even after it leaves the union the u.k. and the e.u. share the same o

richard: the u.k. is still one of the weaker global economies and the pace we are seeing in the u.k. is well below the united states and slightly below the rest of europe. although we see brexit hopefully moving towards a transitional ofiod, this is a period uncertainty for some time and will limit the scope for sterling to rally so it is likely to remain at relatively cheap levels. that gives us the scope for the pound to move higher as the u.k. adjusts to interest rates. francine: do you need to start pricing in or at least doing models on what jeremy corbyn as prime minister would look like, for the u.k. economy? richard: for the next couple of years, one of the benefits is it is unlikely to be a change in leadership. clearly we could see -- francine: a challenge from within. richard: that looks less likely and there was a concern that leadership could change very quickly. it is more and more likely that theresa may will remain in power until the end of the brexit negotiations. the reality is the im

citizens living in the u.k. after brags that in u.k. citizens living in the e.u. leaders feel the same way that there's a deal within touching distance on this issue michelle but neither chief negotiator the man who in brussels represents the interests of the twenty seven member states at the negotiating table at least i would say there is good progress in the field of citizen rights he knows of course as well as does all the twenty's other twenty seven leaders that the big question still is the rights that have been agreed in these negotiating talks how will they be guaranteed once the jurisdiction of the european court of justice seizes to exist in the in the u.k. with brax it so that is still a question why even in this field there isn't sufficient progress these who also knows of course that with threesome a who just sent a letter to one hundred thousand citizens who inquired about their status ensuring that they will be able to stay the e.u. knows of course she has a vested interest that a workforce of more than three million people stays in the country. she

are has been under scrutiny with the u.k.'s foreign secretary boris johnson the times newspaper and a european. channel and. the pentagon hails the liberation of the syrian city of raka from islamic state by u.s. backed opposition forces though the city has been left in ruins. this is our international recapping the week's top stories with our weekly pro. now hundreds of thousands of people have been on the streets of catalonia expressing their support or opposition to the move for independence it follows madrid's decision to impose a direct rule at the local government of its powers the spanish government is also calling for a regional election within six months. leaders have branded the move a coup. but you have this measure we are going to implement has a lot to do with the goal of holding an election in catalonia the region will have to hold an election within six months but mine tension is to hold it as soon as we recover. the spanish government has carried out the worst attack against scotland institutions and residents

come to a supersonic u.k. french concorde would be more bold thanks to companies such as lockheed allegedly lobbying the u.s. government to prevent it flying to los angeles so that the plane could never fully make its money back there were other reasons but either way new york has never since been three and a half hours away from london this time around bomb body and all its jobs in northern ireland appear to have been rescued by air bus a company that boeing as a lot to say about on its website the biggest tree dispute between the united states and europe has been about the european practice called launching some what exactly is smart she is taxpayer money the governments of france germany the united kingdom and spain to airbus every time it wants to develop a new airplane model because boeing doesn't get any money for its weapons programs from the u.s. taxpayer right in fact this week's boeing results are arguably a testament to state subsidy which makes for a circular argument many more aerospace workers ar

party has been under scrutiny with the u.k. foreign secretary boris johnson britain's the times newspaper and the european think tank all slamming this channel and insulting our guests. the pentagon hails the liberation of the syrian city of rocket from islamic state by u.s. backed opposition forces though the city has been left in ruins. broadcasting live to read for citizen oscar recapping the week's top stories with our weekly program this is our international. hundreds of thousands of people have been on the streets of catalonia expressing their support or opposition to the movement for independence it follows madrid's decision to impose direct rule and strip local government of its powers now the spanish government is also calling for a regional election within six months cut a lot of leaders have branded the move though a coup. but you have to know this measure we are going to implement has a lot to do with the goal of holding an election in catalonia the region will have to hold an election within six months but mine ten

what i saw, they are not in the big scheme of things, going to the u.k.. all u.k. businesses relocate? even of fdi comes and you will have more if going the opposite direction. budget coming the up. top $90et deficit could million. abandon plans in the public sector, the that mean d budget concerns have topped it? how important is that? david: it's much less important than of the u.k. still seems to be growing. need for structural improvements in the u.k. which will require public spending. the markets can live with this. we believe the budget deficit in the u.k. get to about one to two points of the gdp. prior to the referendum, some of the numbers were better the next rotations. we have flipped around. we are the worst the g7. we were the strongest. is that just media hype? it's not so surprising. counterfactual he, we don't know if the u.k. would be doing even if we wanted to remain a year. -- even if we remained in the eu. manus: thanks so much. anna: you can watch the show not just regular tv but the tv function on the bloomberg. you can influence the conversa

i looked at u.k. gdp, it was like 0.4% better than expected, but it is not really compatible with what i would call a time for a rate hike. jack: yeah, but the inflation has scared them a little bit. the weaker pound inflation has come through. it is a very open economy and i think that is what they want to address. i think it is important they address things now rather than later. they will potentially need some ammunition later on. jonathan: kathleen, if you google "unreliable boyfriend" and go to images, i found out this week that governor carney's picture comes up everywhere. [laughter] jonathan: it happens because he guided us towards a rate hike several years ago. he did it again and then did it again. a famous politician in the u.k. came along and called him the "unreliable boyfriend" because you could not rely on guidance from the bank of england. can you still rely on guidance from the bank of england? kathleen: i think it is tough, he is pretty unreliable. but i think he is reacting to -- as

has been under scrutiny with the u.k. foreign secretary boris johnson britain's the times newspaper and a european thing timed all slamming this channel on disparaging our guests. and the pentagon hails the liberation of the syrian city of raka from islamic states by u.s. backed opposition forces though the city has been left mainly in ruins. this is the week international coming to you live from moscow i'm kate partridge thank you for joining us. and you start with catalonia where almost half a million people have protested in support of independence it follows madrid's decision to impose direct rule on the region and strip the local government of its powers the spanish government is also calling for a regional election within six months catalan leaders have called the move a coup d'etat. this measure we're going to implement has a lot to do with the goal of holding an election in catalonia region will have to hold an election within six months but my intention is to hold it as soon as we recover. all of us by. the spani

. >> from the u.k. perspective, they want to go into a trade deal with a country like the u.s., which is seemingly hell-bent on extracting the most value as it can over the trade agreement. as it will be shaped in the future. trying to look for trade deals in the u.k. is not positive to me. one of the reasons i am bearish sterling. mark: the euro ahead of the catalonia's president speech? not big declines. candidate whether the worst-case scenario -- can it whether the worst-case scenario? >> i do not know if they can do that if independence is declared it -- is declared immediately .think back to the eurozone 12012 thes in 2010, euro -- 2012 the euro was weak but not massively week, the major hit in the bond market and we see the similar thing with the spanish bond market relative to the euro. i think it will be contained more in the bond market that does not mean the euro is not potentially affected. in my view, we are in a correction period for euro-dollar and the longer term going up 130, 140, my sh

vendettas we are glad to say many in the u.k. are engaging with our advertising understood thanks for swift response. and it gets better one thing tank recently completed the mammoth task of compiling a list of all the thousands of guests who've appeared on our shows ever from politicians and journalists to academics and thirty's and even groups them into categories and then dismisses them as useful idiots many people in europe and the us including politicians and of the persons of influence continue to exhibit troubling naivety about r.t.s. political agenda these useful idiots remain oblivious to r.t.c. intentions and b. c it's legitimate see by granting interviews on the shows and news casts so only useful idiot list john mccain one of the most vocal critics of russia even film director rob reiner gets a mention in the celebrity section he's now part of an organization called the committee to investigate russia as not to mention u.s. senator and former presidential candidate bernie sanders as well as none other than the current

the epicenter of u.k. government many are claiming either support or purposely ignoring the community's plight the issue here is that there are three london listed companies including b.h.p. which together own the set of hong kong in the gulf of colombia having the profits of lucky and development of the mine over the past twelve thirteen years also has led to forced relocations of a number of african descent farming communities and degenerates communities is for protection of the mine against anyone who might wish to disrupt its operations as provided by the colombian army and by private security guards and that's a poor and i think that the fact that the british government does not sufficiently challenge to. improve their behavior is sufficient to warrant criticism. at the turn of the twenty first century. despite many claiming it. increased from four to sixty five point six. twenty five years. old says about how her community in the second poorest region of colombia was allegedly being threatened by. th

has been under scrutiny with the u.k. foreign secretary boris johnson britain's the times newspaper and a european think tank all slamming this channel and insulting our guests. on the pentagon hails the liberation of the syrian city of raka from islamic state by u.s. backed opposition forces but the city has been left in ruins. thank you for watching the weekly headlines here at r.t. international broadcasting live from moscow i'm kate. and we start with some breaking news reports are coming in of an active hostage situation in the u.k. an armed man with a sawed off shotgun hussies people at a bowling alley in the central english turn of money to have more on that story as soon as we get it. now hundreds of thousands of people have been on the streets of council loney are expressing their support or opposition to the move for independence it follows madrid decision to impose direct rule and strip the local government of its powers the spanish government is also calling for a regional election within six months catalan le

u.k. independence party fears the decision to revoke catalan autonomy may have regrettable consequences. we can now cross live to actor lopez both a professor of law who's in barcelona actor thank you very much indeed for joining us i mean and also for waiting as you have there so do you expect the spanish government to trivial article one five five on saturday. yes. everything indicates that they are going to treat. one hundred fifty five for the constitution. but the other question if it is if they are going to open it in a constitutional way because what likely right now is that they are trying to activate such article in order to suspend. me according to the constitutional doctrine in any tanami cannot be suspended unless the. chair or on amending the constitution had been treated or it. that point the one hundred fifty would be insufficient to little good but it would be not enough to suspend the cattle on the economy. are the plants off the. spanish wall or. not that's ahead in just