the labour party can't shake it off. it was the dominating political row of the summer, and it was loud and persistent. it was able to be heard above the noise of brexit. this news today from the metropolitan police commissioner says that it has not gone away yet. and a challenge for a party that has done its best in recent months to try and solve this, we saw recent months to try and solve this, we saneremy corbin say at the party conference on a couple of weeks ago, but with an ever—expanding party with more than half a million members, then they can keep an eye on what everyone of their members or supporters are doing, and while police emphasise this isn't an investigation into the party, it's more an investigation into the dusty air. it's something that begs questions for the party leadership. not least, from margaret hodge who isjewish and particularly upset. it's very important that the police are now investigating this properly, but the labour party should referreed the cases to the police, particularly in the w

why didn't the labour party pass it to the police? it could be that individuals are at risk of violence. have even been told about what is happening? the questions to ask, and i'm concerned about the failure to deal with this in a proper way after the problems there have been. tom watson, the deputy party leader describing this as thoroughly depressing. he said he wasn't surprised that he also said if it does one thing, it means it will silence those who still believe there isn't a problem of anti—semitism in parts of the labour party. this seems like there isn't much belief that there is a problem of anti—semitism, and the only way the labour party can resolve this is acting on the cases brought to them. all the debate, it is clear the labour party is not acting in a proper way and potentially serious problems, problems that are being investigated by the police. would you expect the leaderjeremy corbyn to have seen this dossier? i don't know exactly how the internal mechanics of the party operate, but i hope that by now jeremy ha

the labour party itself, is not under investigation. our deputy political editor, john pienaar reports. today, no escaping this question. mr corbyn, any response to the police investigation? good morning. any response at all about the police investigation? good morning, how nice to see you. do you think the labour party was involved in anti—semitism? good morning, how nice to see you. goodbye. are you finally going to take action on this, mr corbyn? goodbye. jeremy corbyn badly wants to put this row behind him but the accusations of anti—semitism in the labour party follow him, whichever way he turns. labour's been split and the leadership under attack for months. critics want more action, more regret at cases of anti—semitic abuse. corbyn loyalists claim the problem's exaggerated. but now police are on the case. we have been assessing some material which was passed, in fact, to me in a radio studio of all things. in a radio studio of all things about two months ago, and we are now investigating some of that material because it ap

some jewish labour mps say it's a lesson to their party. the labour party, particularly in the wake of thejo cox murder, has a duty of care to its members and they should have referred these matters themselves to the police. as a jewish mp for whom the labour party is the natural home, i now go round feeling fear and always looking over my shoulder. jeremy corbyn commands huge labour loyalty, many like him critical of israel. but he agreed under pressure to a new definition of anti—semitism and promised support to british jews. the row over anti—semitism has caused immense hurt and exciting in the jewish community, and great dismay in the labour party. i say this to all in the jewish community: we are your ally. seniorfigures accept there's more to do. we have anti—semitism in the labour party. we've improved our measures to deal with it. i don't want any anti—semite in my party. we want them out, and if they're guilty of hate crime we want them investigated and convicted too. accusations of anti—semitism may already have cost lab

the labour party itself, is not under investigation. our deputy political editor, john pienaar reports. today, no escaping this question. mr corbyn, any response to the police investigation? good morning. any response at all about the police investigation? good morning, how nice to see you. do you think the labour party was involved in anti—semitism? good morning, how nice to see you. goodbye. are you finally going to take action on this, mr corbyn? goodbye. jeremy corbyn badly wants to put this row behind him but the accusations of anti—semitism in the labour party follow him, whichever way he turns. labour's been split and the dealership under attack for months. critics want more action, more regret at cases of anti—semitic abuse. corbyn loyalists claim the problem's exaggerated. but now police are on the case. we have been assessing some material which was passed to me in fact to me in a radio studio of all things. about two months ago, and we are now investigating some of that material because it appears there may have been cr

somejewish labour mp5 say it's a lesson to their party. the labour party, particularly in the wake of the jo cox murder, has a duty of care to its members, and they should have referred these matters themselves to the police. as a jewish mp, for whom the labour party was the natural home, i now go around feeling fear and always looking over my shoulder. jeremy corbyn commands huge labour loyalty, many, like him, critical of israel, but he agreed, under pressure, to a new definition of anti—semitism and promised support to british jews. i say this to all in the jewish community, we are your ally! seniorfigures accept there is more to do. we have anti—semitism in the labour party. we've improved our measures to deal with it. i don't want any anti—semite in my party, we want them out and, if they are guilty of a hate crime, we want them investigated and convicted too. accusations of anti—semitism may already have cost labour manyjewish supporters. political opponents, from theresa may down, mean to attack on this front, convinced it'l

the dossier itself came from the labour party and 45 cases of alleged anti—semitism the labour party examined itself during the summer. the material was given to the met police and today they confirmed they are pursuing some of those cases with the cps and they think they could be criminality here that needs to be looked at further. we're not going to investigate the labour party and we would always want institutions and political parties to be able to regulate themselves. however, if somebody passes us material which they say amounts to a crime we have a duty to look at that and notjust crime we have a duty to look at that and not just dismiss crime we have a duty to look at that and notjust dismiss it. we have been assessing some material which was passed to me in a radio studio about two months ago and we are now investigating some of that material because it appears there may have been crimes committed. we are talking about online abuse, online offensive remarks. she said there is a high barfor offensive remarks. she said there is a high bar for that offensive remarks. she said t

somejewish labour mps say it's a lesson to their party. the labour party, particularly in the wake of thejo cox murder, has a duty of care to its members, and they should have referred these matters themselves to the police. as a jewish mp, for whom the labour party was the natural home, i now go around feeling fear and always looking over my shoulder. jeremy corbyn commands huge labour loyalty — many, like him, critical of israel, but he agreed, under pressure, to a new definition of anti—semitism and promised support to british jews. i say this to all in the jewish community — we are your ally! seniorfigures accept there is more to do. we have anti—semitism in the labour party. we've improved our measures to deal with it. i don't want any anti—semite in my party, we want them out and, if they are guilty of a hate crime, we want them investigated and convicted too. accusations of anti—semitism may already have cost labour manyjewish supporters. political opponents, from theresa may down, mean to attack on this front, convinced

somejewish labour mps say it's a lesson to their party. the labour party, particularly in the wake of thejo cox murder, has a duty of care to its members, and they should have referred these matters themselves to the police. as a jewish mp for whom the labour party was the natural home, i now go around feeling fear and always looking over my shoulder. jeremy corbyn commands huge labour loyalty — many, like him, critical of israel, but he agreed, under pressure, to a new definition of anti—semitism and promised support to british jews. i say this to all in the jewish community — we are your ally! seniorfigures accept there is more to do. we have anti—semitism in the labour party. we've improved our measures to deal with it. i don't want any anti—semite in my party, we want them out and, if they are guilty of a hate crime, we want them investigated and convicted too. accusations of anti—semitism may already have cost labour manyjewish supporters. political opponents, from theresa may down, mean to attack on this front, convinced

after a late labour party dossier detailed 45 cases of alleged anti—semitic hate crimes linked to labour party members, scotland yard is now investigating. we have been assessing some material passed to me ina radio assessing some material passed to me in a radio studio of all things. about two months ago. and we are now investigating some of that material because it appears there may have been crime committed. the met is not investigating the labour party itself, but examples of online anti—semitic abuse which may constitute hate crime. the police is consulting the crown prosecution service. during the summer labour was engulfed in a dispute about its handling of anti—semitism. in september the party's handling of anti—semitism. in september the pa rty‘s ruling handling of anti—semitism. in september the party's ruling body agreed to adopt in full and international definition of anti—semitism and jeremy corbyn told his party conference he wanted an end to the dispute. the row over anti—semitism has caused immense hurt and anxiety in thejewish community and great dismay in

what did we see from the labour party. the labor leader said we can't stop brexit, the brexit secretary said we can stop it. when he stands up he should make it clear is it labour party policy to stop brexit? >> mister speaker, labor respects the results of the referendum. what we don't respective a shambolic mess. the mess they created that they can't get themselves out of. we won't let them destroy the economy and jobs or so many others and mister speaker, if the brexit secretary is in office by the time the cabinet meets this afternoon could she take him on one side and have a quiet word with him and tell him 10,000 lorries arrived at dover every day and 17% of this country's entire trade in goods estimated to be 122 billion pounds last year. this woeful ignorance by a person in high office is disturbing to so many people. this spent two years negotiating a bad deal they believe the country and an indefinite halfway house yet they think they can impose a false choice on parliament between a half-baked deal or no deal. a

the real threat to jobs and growth in this country sits on the labour party front end. i will tell him what we are delivering an relation to brexit. he says, what about brexit? i will tell him what we are delivering. we will not rerun the referendum. we will not renege on the decision of the british people. we will leave at the customs union, the common agricultural policy and take back control of our money, laws and borders. and thedeliver brexit united kingdom is leaving the european union on the 29th of march, 2019. thank you, mr. speaker. is the prime minister aware that as the media reports about the eu agreement are in any way accurate, you are not delivering the brexit people voted for? and today, you will lose the support of many conservative mp's and millions of voters across the country? >> can i say to my honorable friend? >> members must call themselves -- calm themselves. i want to hear what the prime minister has to say. say, that what we have been negotiating is a deal that does deliver on the vote of the british people. i left out one of the things that

we're not going to investigate the labour party and we would always wa nt labour party and we would always want and political parties and similarto be able want and political parties and similar to be able to regulate themselves. however, if somebody passesis themselves. however, if somebody passes is material which they say amounts to a crime, we have a duty to look at that and not just dismiss it. and we have been assessing some material which was passed to me in a radio studio of all things, about two months ago. and we are now investigating some of that material because it appears there may have beena because it appears there may have been a crime committed. cressida dick made it clear she was not investigating the labour party, just examples in this dossier. she has also said before that bar criminality and proving a hit crime has been committed, it is not good enoughjust to has been committed, it is not good enough just to be very offensive. —— hate crime. there is an investigation under way. this is the reaction from tom watson. if the neti is suggesting there are labour party m

cases of alleged anti-semitism by labour party members. that was a couple months ago. police have now said that they will formally investigate some of those allegations. they are consulting prosecutors. and this is significant because labour is the alternative government potentially and it is a party that has struggled to de deal with anti-semitism. more than that, british jews often believe that labour simply isn't doing enough to deal with this, that it is tolerant of these sorts of ideas. and that is why they often describe the labour party as institutionally anti-semitic. in response to the news that police will be investigating it, the labour party says that it has a robust system for investigating complaints of alleged breaches of labour party rules by its members. when someone feels they have been a victim of crime, they should report to the police in the usual way. anti-semitism allegations have are gripped the labour party every since jeremy corbyn was elected. he is a proud left winger with a long history of sharply criticizing i

we are delivering brexit, what have we seen recently from the labour party? the labour leader, the labour leader said we can't stop brexit. the shadow brexit secretary said we can't stop it. so when he stands up, you should make it clear, is a labour party policy to stop brexit? jeremy corbyn! mr speaker, we respect the results of the referendum, what we don't respect is the shambolic mess this government has made up association. the mess they have created that they can now get themselves out of. we won't let them destroy this country prosperous economy or the jobs and chances of so many others. could she take him on one side and have a quiet word with him? and tell him that 10,000 lorries arrived at dover everyday handling i7% of this country's entire trade in goods. estimated to be £122 billion last year. this willful ignorance by a person in high office is disturbing to so many people. i will tell him where the willful ignorance lies, it lies on the labour party front bench which think you can build a better economy by spending 1000 billion pounds more, p

the question you have to ask of another generous election, the labour party -- if it is a labour party prepared to go prepared torexit, state the fact that the vast majority of voters and mp's think brexit is a bad idea, what is the point in replacing an incompetent conservative pro-brexit government with an incompetent labor progress bit -- pro brexit government? guy: one final question, how much do mp's pay attention to financial markets? the pound crashed with that resonate within those walls? mr. grant: that's an interesting question, because there is a lot of mp's we think it is good news when the pound goes up and good news when the pound goes down. there is such a thing as the right level for the pound to be against the dollar and other major currency. it is the unpredictability in the financial markets. peter, thank you very much for stopping by. peter grant, mp. vonnie. vonnie: breaking news on saudi arabia. the u.s. treasury department has sanctioned 17 saudi arabian officials on the controversy over the kingdom role in the killing of "washington post" columnist jamal khashog

or if the labour party still a cce pts we myself or if the labour party still accepts we a re myself or if the labour party still accepts we are leaving the european union next march, at some point we have to come forward with something we can vote for. why it is with pleasurable to what it a conservative government disintegrate in front of you, we need to leave the european union in march. the labour party says it wants a general election i support that. at some point we need to flesh out our policy and would we still be a party that accepts a result of the referendum? will we end up with an election or a second referendum?” think what we have learned over the past think what we have learned over the pa st two think what we have learned over the past two years is nothing is inevitable. my preference would be for the vote had to go through. the chances of a general election are minuscule. but she does not have a majority. we have fixed-term parliaments act. the government put a finance bill last week, so the government can, just. the dogma does have majority to get its basic legisl

the labour party will be interesting to watch. after eu leaders say at the summit it is the only deal they will agree to, labour will won't be able to say that another deal is on the horizon. labour could say they will vote relu cta ntly labour could say they will vote reluctantly for it in the national interest, and we have had strained scenarios in the past where prime ministers who don't have the support of the party have the support of the opposition, such as ramsay macdonald, robert peel with the corn laws. you know your history! i've read some books! it is possible for a prime minister. you don't have to, as long as you have the votes in the commons, need the support of your party. that is why i worry for some of my fellow brexiteers. i think they will give the prime minister no option but to work with labour remainers to get the deal through, with all down the line is that that represents. this is a huge opportunity forjohn mcdonnell, who can contrast is the labour party with reckers in the tory party and say that they have

the labour party want. i don't think there's any appetite for that. we've had several elections in recent years. having another one on a wide range of issues wouldn't solve this problem. then become to the only option that presents a sensible way out of this which is to have a vote which gives people the choice of the deal the government has got or remaining in the rather better position of being in the european union. do you think at the moment theresa may is relying on her mps being whipped into thinking that this is the best deal, that the uk can get at the minute, and if they do not go that s10 brexit is off the table, that there is possibly a no—del scenario or a general election of labour or somebody else collected into government? is that what she is relying on, the you think? they are trying to frighten those wavering into thinking there are worse options than the one they have got. i don't think it is going to work because i don't think anyone believes the no—del scenario will happen, that it m

which is the labour party decision. that's the official position? why isjeremy corbyn telling a german newspaper that brexit cannot be stopped? i think he was answering a question about the last referendum and whether we respected it etc, which of course we do. actually, if you look at the structured approach, what is going to happen... he was really explicit. brexit can't be stopped. jeremy, myself, the whole labour party discussed this at conference and came up with a strong position which says all options must remain on the table. should your supporters trust labour's official position, which you havejust laid out, or the leader's actual position, which people actually think he wants the uk to leave the eu? jeremy and i and the shadow cabinet discuss this regularly. we were all together going into our party conference. there were different views about what position we should take. but we all came together around that decision. jeremy agrees with it. i agree with it. i accept that in our party there are different view

police launch a criminal inquiry into allegations of anti—semitic hate crimes within the labour party. brexit secretary dominic raab, holds talks with the dup in belfast. unionists say they hope a deal is close, but sinn fein accuse mr raab of behaving like a ‘thief in the night'. as investigators remove the wreckage of the helicopter in which the leicester city owner died, the players vow to do their best in his honour at tomorrow's match against cardiff.

what is the labour party for coric that is the labour party for coric that isa is the labour party for coric that is a complete mystery. now we are going to get to what seems to be inevitable, just as julius caesar was offered the crown three times yesterday she is theresa may was offered the question will you does resign and she declined to answer. we are entering a new season of the parliamentary arithmetic is correct when she is not going to get the withdrawal agreement through then there will be a general election and then what on earth will happen. there doesn't have to be a general election, there has to be a leadership election although the party could do the same thing and decided by acclamation to appoint a ca reta ker decided by acclamation to appoint a caretaker who will say explicitly i will not stand at the next general election but i will see us through this period. that would be the most sane and rational way to approach will stop when has sane and rational bean andy last two years? britain has been renegotiating its relationship with europe for centuries but the myth th

the labour party in power? even if there is a marshalls all the power she has, do you think she will not get enough support in parliament? the whips will use every ruthless technique to try to bully members are bound into doing what they want. that is theirjob. i don't think they will get away with it. i don't believe there is a threat of an election. under the present law there would have to be a majority in parliament for it and i don't think there is. i don't think the conservative party will vote for it. it is an empty threat. if there was a second referendum, do you think the result would be different? yes. first, people would know the facts, which have emerged since the referendum, they have seen the duplicity upon which it was conducted. equally important, it is the younger generation coming into the younger generation coming into the electorate and the older generation who the good lord is calling to his service, and that is making out difference —— making a difference to the profile and you can see

we don't see any proposals coming from the labour party. instead, what i see from labour is an attempt to frustrate what the government is doing to deliver brexit and that is a betrayal of british people. that was the prime minister speaking to our political editor in argentina. police in county durham are calling for parents to take responsibility for their "out of control" teenagers after officers were surrounded and attacked by a group of up to 100 children. it happened in stanley earlier this month, but the force has just released body cam footage of the incident. we are asking people nicely to move away. you can see what is going on. bleep move back! what's going on. bleep that footage released by durham police. in a social media message filmed by durham police themselves, local sergeant emma kay had this to say. over the last two weeks, we have faced outbreaks of out—of—control children in the town centre. there were a hard—core group of around 20 people who threw bricks, fireworks and attacked my officers. one pcso was punched

it will be interesting to watch the labour party. after eu leaders say at the upcoming summer that this is the only deal they will agree to, labour will have an interesting option, because they won't be able to say there was a better deal across the horizon. they could be strategically advantageous to labour because they give is a, —— they could say that they will relu cta ntly they could say that they will reluctantly vote for it in the national interest. 0ne thinks of ramsay macdonald in 1931 and robert peel with the corn laws, when so many tories. mike you know your history! the point is, it is possible for a prime minister to operate that way. as long as you have the votes in the house of commons, it doesn't matter the party. this is something i worry about with my fellow tory brexiteers now. they will give the prime minister no option but to start working with labour remainers to get this deal through, with all the consequences down the line that that possibly represent. you are right, john mcdonnell, the shadow chancellor,

if i look at my political party, the labour party, which people would say was the most male, the most sort of blokey, full of mateship, because of its connections with the trade union movement, when i look back at myjourney in the labour party, in the mid—1990s, we fought for an affirmative action target to get more women into parliament and, way back then, we were sort of neck—and—neck with the liberal party as to how many women were in the national parliament. it wasn't a good figure — it was around about 14%, so not great. we adopted a target here we are, all these years later, and have been as high as 48% and i think at the next election, on the labor side, we might well hit 50%. you have said that you went into politics to make a difference in education. what did you mean by that? well, because it was the big golden thread for me, the thing that got me motivated to first raise my voice politically, it was incredibly important to me that i was involved in discussions about the politics of opportunity. it has always sat very heavily with me that we migrated to adelaide, my

the labour party on common is. the labour party on common islj didn't say communists, said marxists, there's a difference —— aren't communists. you don't understand what marxists are either! this is a big report from the university of sheffield, who have looked deeply into this, and they've found ways this could work in business. the labour party have done what the conservative party aren't really doing at the moment, looking at what could happen after brexit, what could happen once we've got this out of the way and looking at new and interesting ways we can address inequality. most people are very unhappy with how much profit a lot of these people make. the vast majority haven't seen wages increase in the last ten years, more and more are on zero houi’s in the last ten years, more and more are on zero hours contracts and if the university of sheffield have found a way to look at how to give people more of a say in the companies that own their lives, that's a good thing. i should make one thing clear... very

sojeremy corbyn and the labour party are not seen as corbyn and the labour party are not seen as the best people to deal with the negotiations when compared to theresa may and the conservative government. she may be doing badly at the moment, but it is by no means the case thatjeremy corbyn and the labour party are viewed as overwhelmingly better. it comes down toissue overwhelmingly better. it comes down to issue a trust, really, doesn't it and how much frustration there has been and the clarity of messages that been coming through? who does the public trust? you're absolutely right. trust is usually important, not just with this right. trust is usually important, notjust with this but politics generally. most people are not paying attention to the detail. instead they look at the broad narratives. stories we tell it —— ourselves and each other about who they think they can trust and who they think they can trust and who they think they can trust and who they think will be best for the country and crucially there will be best for people like them. and, u nfortu nately, best for

then we might see it from the labour party and say there should be a general election. that is when you might get to the point where you see jeremy corbyn moving as it favors him and his party. david: we continue to wait for prime minister theresa may to comfort her news conference, that was scheduled --, for her news conference. the top ofheduled at the hour. we want to bring in someone who is no now, gardner, director of the margaret thatcher center. he joins us now. margaret thatcher's name was not mention today. primes a conservative minister who do not think very highly of the european union, as i call now. nile: absolutely. margaret thatcher as early as the urged britain to leave european union, so she was the first british politician to talk about brexit, actually. i'm sure if lady thatcher were alive today, she would be appalled with this latest proposal put forth by theresa may. dealis a very bad deal, a that is not have the support of the majority of my own party. you've already seen a series of resignations from the cabinet. margaret thatcher would have stood

was it the labour party, was it the labour party that introduced the -- so the person we can see what's happening to people from across our communities and in country? no, it was me and this government. at how tells them what else this government has done. i'll tell him what else this government has done. by taking a balanced approach to the economy, for financial management, what do we see? borrowing down, unemployment down, income tax down. up they say. i will tell them, i'll tell them what's got up. support -- support -- [shouting] >> order, order. i said that the right honorable gentleman must be heard. the reply from a prime minister must be heard. prime minister. >> the labour benches want to know what's going up. i'll tell them what's got up. [shouting] as long as it takes i'm going to tell you. [shouting] [cheers and applause] [shouting] support for public services up. growth up. wages up. austerity is ending under the conservative. the hard work of the british people is paying off. [cheers and applause] [shouting] >> thank you, mr. speaker. click, click gorges found families fa

party, the labor leadership -- the labour party leadership says, is when is it going to be? it could be as soon as christmas or 2022? vincent, if it goes ahead, and we anticipate a news conference from theresa may around 12:00 p.m. eastern, and she gets it through again cabinet and then parliament, and then there is an agreement in europe, what is the relationship between europe and the u.k. like after? vincent: sorry, i'm not sure i got that correctly. what is the relation if and in what scenario? vonnie: in the scenario this itl actually happens, that is a deal agreed to by all parties, including europe? know, there is the divorce deal that needs to and they want to aftere the key principles the transition, and that is after the end of 2020. but there will still be a lot to negotiate in that transition series, and that is where i am saying, it is important to understand how this deal is going to be ratified and parliament because if that is the the support of labour, prime minister would be in a situation that i think would be very difficult, and therefore, you would have

but i think ministers will say to the labour party, your dream of a different agreement is a dream. and then they will have the real choice to vote this down, and have the chaos of a no deal. i think this bill will have a choppy time in parliament, but still pass. in his view, there would be nothing wrong with theresa may winning the vote on the back of labour mps, even if her party didn't back it, i think this bill will have a choppy time in parliament, but still pass. in his view, there would be nothing wrong with theresa may winning the vote on the back of labour mps, even if her party didn't back it, because it would be seen as the national interest. but what message is going to be delivered on sunday the 25th when the eu leaders gather? i think the message of europe will be very clear — this is as good as you are going to get. the manoeuvre in the last few days has been the discontent of many nations. i think it will be saying we are not pleased with what has been negotiated, we will continue to demand things about fisheries and all of that, but this means no matter who will

that is what we reached at the labour party conference. thank you. the pound is down 1% against the dollar and the euro, as i was mentioning. now some reaction to that news this morning of the brexit secretary's resignation. this tweet: we have heard that the dup do not support the draft withdrawal deal and nigel dodds, the party leader at westminster has said: dominic raab is the seventh minister to resign over brexit since june. is the seventh minister to resign over brexit sincejune. it is possible departure was talked about yesterday. —— his possible departure was talked about yesterday but he stuck with the cabinet and he came out with theresa may yesterday, as you may have seen, and she said her cabinet was backing her and this morning much of that has changed. it is time now for the victoria derbyshire programme. more here soon. hello it's thursday, it's 9.30am, i'm victoria derbyshire. good morning. the brexit secretary dominic raab has just resigned — the first cabinet casualty since theresa may announced her draft withdrawa

leader party has said labour party will not vote in favor of theresa may's brexit deal. we still have a little bit of time until we get to any kind of common vote. that's of the labour party is saying at this point in time. as a binaryee it choice between her deal and no deal. what will they have to vote on? will there be any other option? little bit stronger against the dollar, oil price in focus. will opec decide to cut more? futures, big drop on european equity markets are expected to bounce higher. factoring in the oil price, lots more going on other than brexit. let's look at european equity markets this morning. it's not all that evident that we are witnessing the tumultuous time in u.k. politics. the ftse 100 is flat to positive this morning. the ibex up by 0.3%. one of the early ones that gives us some trading action. other things happening, powell has been talking about headwinds in the united states next year but nothing about the market tour model -- turmoil since he putting him off the rate hiking. asian equities are able to make some headway despite all that

but i think ministers will say to the labour party, your dream of a different agreement is a dream. and then they will have the real choice to vote this down, and have the chaos of a no deal. i think this bill will have a choppy time in parliament, but still pass. in his view, there would be nothing wrong with theresa may winning the vote on the back of labour mps, even if her party didn't back it, because it would be seen as the national interest. but what message is going to be delivered on sunday the 25th when the eu leaders gather? i think the message of europe will be very clear — this is as good as you are going to get. the manoeuvre in the last few days has been the discontent of many nations. i think it will be saying we are not pleased with what has been negotiated, we will continue to demand things about fisheries and all of that, but this means no matter who will be negotiating, you're not going to get a better deal unless you are ready to change your red lines. if you are ready to do that, then we can talk, but this is as good as you're going to get. it doesn't matter

this is something labour party wanted? had --up until now, she she has changed and it is a concession. are probablyt betting that none of these amendments are going to command a majority in the house of commons, either. there is no better alternative. a motion could include something like a second referendum. is there going to be a change in the labour party on that position? is there a majority in the house of commons for that? i wouldn't bet against that, so maybe the possibility of a motion passion -- passing back to the public. yet more chaos and uncertainty. anna: the leader of the liberal democrats suggested that is how a second referendum could come about. that will be interesting to watch. grace peters and bloomberg's european news editor on the twists and turns over brexit, which you pour over, matt miller. matt: i am very excited, i am just marking my calendar for december 1120i will start paying attention again. the boe to publish its financial stability report later. this is bloomberg. ♪ ♪ matt: 30 minutes

why at the moment just jeremy corbyn still not take the labour party down that road. do you think that will change? >> i think that's where we'll end up but we have a policy that we will agree unanimously to oppose this deal, call for a general election when the deal falls and if not, then come in behind the people's vote campaign to stay. jeremy is signed up to that policy. .t's a policy it was agreed unanimously our policy just party conference. guy: a question i've been asking today, the financial markets have taken a tumble. utilities are down, banks are down, but sterling is down as well. gilt yields have fallen sharply. how much of that financial market action and concern globally resonates in there? or collecting financial markets understand the alternative to this is not no deal, but the alternative is another referendum to stay in the european union, i think they will recover very well. guy: thank you, labour mp for exit are. eter. this is bloomberg. ♪ vonnie: this is the european -- >> this is the european close on bloomberg tv. 30 seconds in trading. red

but i think ministers will say to the labour party, your dream of a different agreement isa dream. and then they will have the real choice to vote this down, and have the chaos of a no deal. i think this bill will have a choppy time in parliament, but still pass. in his view, there would be nothing wrong with theresa may winning the vote on the back of labour mps, even if her party didn't back it, because it would be seen as the national interest. but what message is going to be delivered on sunday the 25th when the eu leaders gather? i think the message of europe will be very clear — this is as good as you are going to get. the manoeuvre in the last few days has been the discontent of many nations. i think it will be saying we are not pleased with what has been negotiated, we will continue to demand things about fisheries and all of that, but this means no matter who will be negotiating, you're not going to get a better deal unless you are ready to change your red lines. if you are ready to do that, then we can talk, but this is as good as you're going to get. it doesn't matter

i think most people would agree now that the emphatic way that they opposition party, the labour party have come out and said they would not support the deal. even the scottish nationalists said they are not going to support the deal. the only way the prime minister would get this deal through was always to rely on some opposition members on the sort of arch remainders to say, well, we want to have some sort of agreement with europe. this deal is so botched that it provides opposition parties, who let's face it, like to oppose, a fairly easy pretext to say we're not going to support this deal. anna: you seem sure the deal is going to fail. what investment decisions are you making? it's an interesting place to make a rotation in the ftse 100. stephen: it depends on how it fails. if it's a marginal fail, 10 or 20 seat failure in the house of commons, the prime minister can live on into 2019 and there may be a possibility for the eu to say, this treaty of versailles, we need to give something here. we still want to get this through. we want britain to sign up because there's a lot of mone

labour and the dp on who support trees a's party relies, say they are likely to vote this down. this whole process is still uncertain. is still uncertain and of course, we haven't seen the text. as i say, cabinet ministers are being briefed, talking to the prime minister theresa may one by one. we have not seen the text but we know the nature of her compromise which may involve the uk staying inside the eu customs union, that will anger brexiteers, some remainers will think if we stay in the customs union why do we stay in the customs union why do we stay in the eu itself? a lot of haggling but we have got the alternative that theresa may is going to say, no deal, crashing out of the european union and she is determined that there won't be the alternative of a second vote of indeed staying in. i will have more in a few minutes. we will have more in a few minutes. we will talk to philippa later. around a hundred people are still missing in california and the worst wildfires in the state's history look unlikely to be under control before the end of the month. it's now confirmed 50

party,p of the labour does the labour party need a new coach in view and onto something new. i do not see a cogent labor voice in this brexit debate. seema: i do not know if it is about romanticizing the past because it was different at that time we founded the national health service. we invested in early years, we saw a huge growth across our country and a more increase inequality between our regions. we saw inequality rise hugely. constituency. own people want to know they have access in good jobs they want good prospects for their children. this is the first generation where children are sent to do worse than their parents. those of the things homeownership or secure, decent education. very strongly. are you frustrated voters are 100% know where labor stands on brexit? i could not hear your question. francine: the question is are you frustrated that the voters do not understand where labor is on brexit? i do think we have got to be clearer about that. we had a big debate last month and in that we moved the position of the party in favor of a second referendum under the ci

what do you think the labour party could do? well, given the deal, which isn't very good, looks like the labour party position, it is not very coherent in terms of the political opposition, it is straightforward political manoeuvre to cause the government difficulty. but i would be very surprised if they don't go through the division lobbies against the deal. you might find that there is some deal done. i don't think there will be. that is the only area of uncertainty. there are probably i would expect more than 100 of my colleagues to vote against it. the result would be no deal, that is the most likely result at the moment. what does it look like, what should people expect? no deal is extremely unlikely. this whole process going through parliament is, as you have just said, going to throw up eruptions. there is only a very small group of mps as i understand it who want to have a no deal, and now with all the damage that can cause, no, we will be forced back to a variety of options, it could include a referendum, and election,

i know the labour party has never been able to actually stand up and say it wants to bring an end to free movement once and for all, and that is their not responding to the real needs and returns of the british people on these issues. the british people want control of borders and the end of free movement and this deal delivered this. he talked about labor market policy and a single market. i hear yes from the bench. there was also a time when the right honorable gentleman talked about the importance of having an independent trade policy and negotiating our trade deals. he has gone back on his word in relation to these issues. he talked about the comments int president macron made access to borders. i recognize this has raised question from people about the issue in relation being in the backstop your for all of those concerned and for all of those who have commented on this, i think it is important to recall that if we were in the backstop, we would be outside the common fisheries policy and we would be deciding who has access to fish in our water. mentioned gibraltar. i quoted the

there is no way the bulk of the labour party can support this. i am sure the labour mps will be whipped to vote against it. and so that does make the arithmetic very difficult indeed. if theresa may can the government were hoping to get this through on the back of labour votes, that certainly won't happen. let's turn to the ft, as we continue the theme, ministers said to be divided, back on the figure of 7— i2 theme, ministers said to be divided, back on the figure of 7— 12 who might have raised questions about it, and the reference to the 48 names needed to trigger an imminent "vote of no—confidence" with the suggestion that it might happen we speak. a lot of stuff on twitter tonight, brexiteers very bullish that they will get to the figure to trigger a leadership challenge. the big question is who would take over? there is no obvious contender. if she does win the leadership challenge, she can't be challenged for a another year. that is a calculation they have to make. there isa calculation they have to make. there is a lot of speculation

well, it is absolutely apparent that the labour party will not vote for the labour party will not vote for the chequers deal. we have said that very publicly. they have said that about lots of things. play fair, you have asked me the question. the labour party will not vote for it, the dup, supposedly allies in government and to the prime minister has now enraged, they will not go for it. the lib dems and the snp will not vote for it and over 80 tory mps have said they will not vote for it and that number is rising with the continued resignations. so it is impossible to pass through the house of commons. what i asked the prime minister respectfully today was to acknowledge the reality of the situation that she is now in. what happens firstly, 48 letters is the target. jacob rees—mogg, one of those putting his letters. what do you see happening from there? as i understand that under the rules of the party, once sir graham brady, the party, once sir graham brady, the chairman of the 1922 committee, the chairman of the 1922 committee, the sort of trade union of the backbenchers and the

i havejust read his funding britain's future labour party document, and it is eight pages long! three of which are footnotes! whatam i missing, sir?! in addition to fixed odds betting terminals, and you expect me to mention this, the problem with fixed odds betting terminals, the government says, is that they can't change the stakes in fixed odds betting terminal is because putting it in place in april next year would not give companies enough time. it would not give them enough time to prepare adequately for the changes that would be required to lower the stakes for these terminals. yet they expect them to prepare adequately for brexit by april next year, despite not actually having told companies what brexit will involve. the community secretary james brokenshire has defended the appointment of a controversial figure to the new housing advisory body. the government faced calls last week to sack the academics sir roger scruton from the position, following accusations he had described homosexuality as "not normal". he called islamophobia "a propaganda word". those were disclosed