chancellor philip hammond says he upsa chancellor philip hammond says he ups a brexit deal will be agreed in time to prevent the uk taking part in european elections next month. former ukip leader nigel farage forms a new brexit party.

nigel farage launches his new brexit party, while the chancellor, philip hammond, says the uk's involvement feels like a waste of time. what we will attempt to achieve is a democratic revolution in british politics, because that is what we need. clearly nobody wants to fight the european parliament elections. it feels like a pointless exercise. both labour and the conservatives are still working to find a brexit deal before the elections on may 23rd. also tonight... swedish prosecutors consider whether to reopen a rape inquiry against the wikileaks founder, julian assange. police and protestors clash in algeria, as of thousands take take to the streets, calling for a new generation, of political leaders. the scandal of thousands of children, forced to attend educational centres that aren't legally schools. and england's ian poulter chases down the leaders at the masters in augusta, just two shots behind. and coming up on sportsday on bbc news — newcastle united look to ease their relegation fears, taking the lead against leicester city in the premier league. good evening. the chancellor,

philip hammond not mincing his words. you think the elections will be pointless. yes, the government is desperate not to take part in those european elections which are supposed to be in around six weeks' time. it argues that if it can get a brexit deal through by the 23rd of may, it could pull those elections up may, it could pull those elections up until the day before they are due to ta ke up until the day before they are due to take place. the reason they are desperate, they think taking part would be an insult to people who voted leeds back in 2016. earlier the chancellor explained more. clearly no one wants to fight the european parliament elections. it feels like a pointless exercise. and the only way we can avoid that is by getting a deal agreed and done quickly. if we can do that by may the 22nd, then we can avoid fighting european parliamentary elections. but in any case we want to ensure that any british meps that are elected never have to take their seats in the european parliament by ensuring this is all done well before the new european parliament co

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. clearly nobody wants to fight the european parliament elections, it feels like a pointless exercise. the only way we can avoid that is by getting a deal agreed and done quickly. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling". jesse starts as an ex—convict pursuing her dream of becoming a country music star in wild rose. you came here what james country music star in wild rose. you came here whatjames king that of fat and the rest of this week's releases in the film review. —— that. good evening. prosecutors in sweden say they're considering whether to reopen an investigation, into allegations of rape against the founder of wikileaks, julian assange. he was arrested yesterday, following ecuador‘s

chancellor philip hammond says he hopes a brexit deal can be achieved in time to stop the uk taking part in next month's european elections. clearly nobody wants to fight the european parliament elections. it feels like a pointless exercise. the only way we can avoid that is by getting a deal agreed and done quickly. former ukip leader nigel farage launches a new brexit party and says it aims to change british politics for good. thousands of children in england are going to illegal unregistered schools, according to the regulator, ofsted. it says the conditions in some of them are appalling. and are the majority of guests on programmes like question time opposed to brexit? prosecutors in sweden say they're considering whether to reopen an investigation, into allegations of rape against the founder of wikileaks, julian assange. he was arrested yesterday, following ecuador‘s decision to revoke his asylum at its embassy in london, after nearly seven years. the us wants him extradited to face charges of conspiracy to hack a government computer, but labour says he shouldn't be sent to ameri

it's something you don't expect to hearfrom philip hammond. i think sometimes that is a bit overstated because on a personal level, he is very human and quite likeable, i think. level, he is very human and quite likeable, ithink. he is level, he is very human and quite likeable, i think. he is more than he is sometimes painted in the press. this is pretty tough language andi press. this is pretty tough language and i suspect he is trying to say that these people aren't really adults. he is. hopefully we get a contest that involves people who perhaps behave in a better way than they did in 2016. henry, let's use that as a segue to get into the times piece. leadership rivals urging the pm to stay on for months? there is a little bit more to this than meets the eye. a leadership contest is a matter of when, not if. this is a hard deadline on december which is when tory mps can launch a no—confidence motion formally under the rules. there will be a leadership contest between now and december at the question is when. this seems to say the people

the chancellor, philip hammond, says the uk taking part in the upcoming european parliament elections, feels like a "pointless exercise" and hopes that a brexit deal can be agreed to stop the uk from having to take part. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling." and at 11:30 we'll be taking an in—depth look at the papers with our reviewers joe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president of the foreign press association and uk correspondent for france 24. stay with us for that. good evening. prosecutors in sweden say they're considering whether to reopen an investigation, into allegations of rape against the founder of wikileaks, julian assange. he was arrested yesterday, following ecuador‘s decision to revoke his asylum at its embassy in london, after nearly seven years. the us wants him extradited to

chancellor philip hammond believes theresa may see brexit through. >> as far as imo, she doesn't -- i know, she doesn't have any intention of leaving until that deal is done. taylor: auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. >> the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. "bloomberg best this is -- this is "bloomberg best," your weekly review of bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting monday with goldman sachs and citigroup. ♪ vonnie: citigroup and goldman sachs reporting earnings this morning. let's start with goldman. its revenue structure has been quite static, and if you got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: goldman had a really strong rebound in the first quarter of 2018. if you look at this quarter, pretty much across the banks we are se

philip hammond believes theresa may see brexit through. >> as far as imo, she doesn't have any intention of leaving until that deal is done. taylor: auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. "bloomberg best this is -- this is "bloomberg best," your weekly review of bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting monday with goldman sachs and citigroup. ♪ vonnie:tigroup -- citigroup and goldman sachs reporting earnings this morning. goldman.rt with its revenue structure has been quite static, and if you got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: goldman had a really strong rebound in the first quarter of 2018. if you look at this quarter, pretty much across the banks we are seeing decline. we did see at goldman a be

philip hammond said it's a much widerfield field. philip hammond said it's a much wider field and he's field. philip hammond said it's a much widerfield and he's right about that. people like boris johnson, jeremy hunt, dominic raab. outsiders like james cleve rley. johnson, jeremy hunt, dominic raab. outsiders like james cleverley. if it goes to the tory electorate? i don't know, there is a big moderate rump of one nation tories and a lot of them are not exited —— exit supporters. and keeping labour together is extremely difficult. supporters. and keeping labour together is extremely difficultlj think together is extremely difficult.” think it's easier to keep labour together. over this particular issue because jeremy corbyn together. over this particular issue becausejeremy corbyn is effectively budging the second referendum question. i think is mps know that he is. is there going to be something apartment they can vote on it's not clear that it would. if enough toys become dissatisfied but the main problem for the people who

chancellor philip hammond believes theresa may see brexit through. >> as far as i know, she has no intention of leaving until the deal is done. >> auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. >> the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. this is "bloomberg best," your weekly review of bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting with goldman sachs and monday citigroup. ♪ vonnie: citigroup and goldman sachs reporting earnings this morning. a surprising jump. goldman's equity trading showed a sharp decline. let's start with goldman. its revenue structure has been quite static. if you got such a static revenue structure, you can't afford a 40% drop in something, can you? alison: goldman had a really strong rebound in the first quarter of 2018. if you look at this quarter, pretty much across the banks we are seeing d

chancellor philip hammond says he upsa chancellor philip hammond says he ups a brexit deal will be agreed in time to prevent the uk taking part in european elections next month. former ukip leader nigel farage forms a new brexit party. millions of stu d e nts forms a new brexit party. millions of students work in unregistered schools according to ofsted and it says the conditions and some of them are appalling. in a moment, it will be time for sportsday. but first, a look at what else is coming up this evening on bbc news. as possible candidates for the upcoming eu elections eye the votes of those feeling disenfranchised by the current state of british politics, we'll be speaking to the political scientist matthew goodwin — who recently co—authored a book called national populism. we'll be asking for his thoughts on what's next for brexit. that's at just after 7pm that's atjust after 7pm this evening. after bounty is find that we will talk of the applications for what this has around the country, including new mothers and children. we will be talking about that at about a quarter past

philip hammond seem to suggest talks we re philip hammond seem to suggest talks were happening this weekend. labour say that no, there are not. we understand that sir keir starmer, the shadow brexit secretary has written to the government but in terms of that turning into talks of substance, doesn't appear to be the case. labour's key point is that out of this they want the government to give up on one of the key red lines over which theresa may has refused to cross since the brexit vote took place in the first place, that is she doesn't want a customs union with the european union, labour does. the customs union is a much closer economic relationship that crucially would prevent britain signing its own trade deals, and it is that intransigence that labour are pointing to is the problem here, as diane abbott, the home secretary —— shadow home secretary, complained a little earlier. the mess we are in is theresa may's mess. even tory mps accept that. the labour party has stepped up. we want to help. we are engaged in those talks in good faith. but the government has to perhaps show a lit

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. the former ukip leader nigel farage launches a new brexit party — and says it aims to change british politics for good. those are headlines. now on bbc news, a look ahead to sportsday at 6.30pm tonight. and coming up on bbc news, we'll have the latest from the masters at augusta — as both tiger woods and rory mcilroy hope to play their way into contention. there's rugby union news, too, as england's billy vunipola appears to support israel folau over his anti—lgbt social media posts. in a post of his own, the saracens forward called on people to "live their lives how god intended". well, on the field, there is a huge relegation clash between newcastle and leicester in the premiership later. they also meet in football's premier league. that's all on sportsday at 6.30pm. but now on bbc news, it's time for the film review. hello there and welcome to the film review on bbc news. taking us through this week's cinema releases is james ki

chancellor philip hammond believes theresa may will see it through. >> as far as i know she doesn't , have any intention of leaving until that deal is done. taylor: auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. >> i am optimistic that the second half of the year will be a better have. >> the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. this is "bloomberg best," your weekly review of the most important business, news, and analysis from bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting monday with goldman sachs and citigroup. ♪ vonnie: citigroup and goldman sachs reporting earninhis morning. citi's bond revenue trading showed a jump, goldman-s showed a sharp decline. let's start with goldman. its revenue structure has been quite static, and if you got such a static revenue structure, you can't afford a 40% drop in somet

chancellor philip hammond believes theresa may will see it through. >> as far as i know, she doesn't have any intention of leaving until that deal is done. taylor: auto executives at the shanghai motor show discussed the road ahead for the world's largest car market. >> i am optimistic that the second half of the year will be a better have. -- a better half. >> the energy segment is growing at a very fast clip. taylor: it is all straight ahead on "bloomberg best." ♪ taylor: hello, and welcome. i'm taylor riggs. this is "bloomberg best," your weekly review of the most important business, news, and analysis and interviews from bloomberg television around the world. let's start with a day by day look at the top headlines. u.s. bank earnings were in the spotlight all week, starting monday with goldman sachs and citigroup. ♪ vonnie: citigroup and goldman sachs reporting earnings this morning. citi's bond revenue trading posted a surprising jump. goldman's equity showed a sharp decline. let's start with goldman. its revenue structure has been quite static, and if you got such a static

so philip hammond they're signing pretty positive about the prospect with an agreement with labour, by is, it seems how the other side sees it, we heard from jeremy corbyn, the labour leader later on, suggesting he was out and about campaigning for local elections in plymouth, that they were yet to see the movement that they wanted from the government side. waiting to see the redlines move, and we have had two meetings this week, one with the prime minister, and a further meeting with rebecca held with david linden and the team, and that was more of a technical discussion about the nature of the future relations agreements, as well as with the withdrawal agreement, which has many problems, and many flaws in it, as we've pointed out in parliament. the key priority is to avoid crashing out of the eu with no deal, because of disruption that would mean to industry, and to supply chains, and we're determined to make sure that there is no crashing out without a deal. so next week to week, something will have to happen in parliment. and obviously labour will be playing our part. so in summary

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. former ukip leader nigel farage launches a new brexit party and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator 0fsted, and it says the conditions in some of them are "appalling." hello, and welcome to our look ahead to what the the papers will be bringing us tomorrow. with me arejoe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president of the foreign press association and uk correspondent for france 24. many of tomorrow's front pages are already in. the headline on the i, "assange faces tug of war between us and sweden." the paper says swedish prosecutors are considering reopening a rape investigation into the wikileaks co—founder, while the us wants britain to extradite him over his alleged role in leaked government secrets. and according to the guardian, political pressure is intensifying on the hom

we were hearing from philip hammond today, who is at a meeting of eu finance ministers that talks would continue this weekend. that is in contrast to what we have heard from labour, who tell me there is nothing scheduled this weekend. despite that, philip hammond seems to be enthusiastic and optimistic that not only can agreement be reached with labour but it can translate into a positive outcome on wednesday's eu emergency summit in brussels. this is him sounding chipper earlier. the conversations with the labour party are continuing. they were continuing last night. we are expecting to exchange more text with the labour party today, so this is an ongoing process and i'm optimistic that we will reach some form of agreement with labour. the chancellor sounding optimistic that things are going well. that in stark contrast to labour who say not only do they have no talks scheduled, they say the lack of progress has been because the government will not shift position. crucially, labour want a closer economic relationship with the eu than the government does. they want a customs union and c

hammond where he showed trade growth is slipping a bit but jobs crip being created at record numbers the economy the economic fundamentals are good and strong and we've got a good story to worry or even preliminary deals with japan turkey india career these are the countries young who was the fairy alive and i don't mean there is a pharaoh as yet go she really is very important ok what about we should have done better we should have done better but i know for a fact liam fox the international development sector has been flying all around the world with these t. it's trying to drum up support and i think some of these trade deals will be fall into place much quicker than people think trump loves great britain just finally what what stories could be buried during all this wall to wall coverage of the bricks of debate because philip hammond the chancellor said again that welfare was going to be frozen roundtree trussing five hundred sixty pounds a year worse off for poor families and also a knife grave seemed to be saying it's nothing to do with the more complex issues it's just the pol

philip hammond says today there are no red lines, they are open to all negotiations in the stocks. the conversations with the labour party were continuing, they were continuing last night, we expect to exchange more text with the labour party today so this is an ongoing process and i'm optimistic that we will reach some form of agreement. he is confident, and yet what be undersun, he is confident, and yet what be under sun, despite philip hammond suggesting talks are taking place today, labour are saying there is nothing in the diary. actual face—to—face talks between the different negotiating team is not happening. i think labour are very clear that the problem is a lack of willingness to compromise or change. that is what diane abbott has been saying this morning. the mess we are in is theresa may's mess. even tory mps accept that. the labour party has stepped up. we want to help. we are engaged in those talks in good faith. but the government has to perhaps show a little more flexibility than it has done so far. there has been no movement from the government on the actual co

hammond where he showed trade growth is slipping a bit but jobs have been created at record numbers the economy the economic fundamentals are good and strong and we've got a good story to worry or even preliminary deals with japan turkey and your career these of the countries uncle was the pharaoh linage i don't mean there is a pharaoh i was yes go she wrote this very important ok what about we should have done better we should have done better but i know for a fact liam fox the international development sector has been flying all around the world with these t. stride to drum up support and i think some of these trade deals will be fall into place much quicker than people think trump loves great britain just finally what what stories could be buried during all this wall to wall coverage of the bricks of debate because philip hammond the chancellor said again that welfare was going to be frozen rountree trussing five hundred sixty pounds a year worse off for poor families and also a naive privacy to be saying it's nothing to do with the more complex issues it's just the police are on

philip hammond something positive about the prospect of an agreement with labour but that is not, it seems, how the other side say. we heard from jeremy corbyn, the labour leader, early on when he was campaigning for local elections in plymouth that they were yet to see the movement that they wanted from the government side. we need to see the red lines move, and we have had to smack meetings this week, one with the prime minister and a further one that keir starmer held with david livingstone and the team and that was more of a technical discussion about the future agreement as well as the withdrawal agreement, which has many problems and flaws in it as we have pointed out in parliament. the key priority is to avoid crashing out with the eu with no deal because of the disruption that would mean to industry and the supply chain, so we are determined to make sure there is i'io are determined to make sure there is no crashing out without a deal, so next week something will have to happen in parliament and labour will be playing our part. labour's position is, your move, prime minister.

the presence of the british chancellor philip hammond here should be seen through the prism of somebody with ni on the future free trade deal —— with one eye on. when we are weighing up his comments or indeed the comments of any other politician here, we should bear in mind that this is not a forum for debate about the belt and road, it is not even a forum for rigorous suggestions in terms of how the initiative should run. the leaders have come here, on board with the concept and they are giving xi jinping a bit of face for what is after a ll jinping a bit of face for what is after all the chinese president's gift to the world, as he sees it. however, the absence of key european countries and also the usa and india shows that there is a fair bit of suspicion around about the real motives of beijing in terms of what it wants to achieve with the belt and road. ithink it wants to achieve with the belt and road. i think the chinese government has a lot of work to do to change those people'smines and get the government to come on board —— those governments to come on board with it. t

britain's chancellor philip hammond says prime minister theresa may has no intention of stepping down until a brexit deal is done. he spoke with francine lacqua at the world bank at the imf in washington, d.c. she started by asking if the chancellor would support a customs union if that was required to clinch a deal with labour? >> we've gone into these talks on the principle we agree with the labor tarp -- labour party we need to leave the late -- the european union. the on to that, week -- beyond that, we haven't set out red lines. we know this is one of their public demands, customs union. it's not what we set out to we're prepared to discuss these things with them. it doesn't mean we are going to do it but we are prepared to talk about it. francine: would you accept it? >> i'm a member of the government. we're prepared to talk about it. francine: a lot are wondering if theresa may will go, if she will go, what kind of way. is it better that she stays beyond the extension now that we have it beyond october 31? >> the prime minister said she will leave once she has done the deal and

we were hearing from philip hammond today, who is at a meeting of eu finance ministers that talks would continue this weekend. that is in contrast to what we have heard from labour who tell me there is nothing scheduled this weekend. despite that philip hammond seems to be enthusiastic and optimistic that not only can agreement be reached with labour but it can translate into a positive outcome on wednesday's eu emergency summit in brussels. this is him sounding chipper earlier. the conversations with the labour party are continuing. they were continuing last night. we are expecting to exchange more text with the labour party today, so this is an ongoing process and i'm optimistic that we will reach some form of agreement with labour. the chancellor sounding optimistic that things are going well. in stark contrast to labour who say not only do they have no talks scheduled, they say the lack of progress has been because the government will not shift position. crucially, labour wa nt shift position. crucially, labour want a closer economic relationship with the eu than the government does

hammond the chancellor said again that welfare was going to be frozen roundtree trussing five hundred sixty pounds a year worse off for poor families and also a knife grave seemed to be saying it's nothing to do with the more complex issues it's just the police are one hundred million for the police yeah one hundred million for the police ridiculous when we could fourteen billion pounds every year to international aid for door to you african despots to spend on their private jets and their palaces i support. giving money for internationally but not such a huge amounts of money to some of the dodgy places i would control what the money spent on i would have i would want to wear my money's going and the hundred million pounds that they've announced to the police isn't even threats to offices it's for overtime overtime and so these hard pressed police officers already working flat out have to work even harder to make up the fact twenty two thousand police officers numbers were cut by a certain home secretary to mention her name it was treason may again and to chris thank you well while u

we will speak to philip hammond and the italian central bank governor. those still to come. bloomberg users can interact with charts shown using gtv . you can browse those charts, download them, take them to your morning meetings. tune into bloomberg radio live on your mobile device or on dab digital radio. we talk more global markets next as equity futures a struggle for direction. ♪ comcast business built the nation's largest gig-speed network. then went beyond. beyond chasing down network problems. to knowing when and where there's an issue. beyond network complexity. to a zero-touch, one-box world. optimizing performance and budget. beyond having questions. to getting answers. "activecore, how's my network?" "all sites are green." all of which helps you do more than your customers thought possible. comcast business. beyond fast. >> good morning from bloomberg's european adquarters in london, i am nara. these are today's top stories. looking for a catalyst, market brace for the start of u.s. bank earning season which kicks off with jpmorgan and wells fargo today. yo

philip hammond, the chancellor, called for a democratic process , chancellor, called for a democratic process, election or referendum. dawn foster, do you think we will see resignations from the cabinet over this from the right—wing of that grouping? a gap i think so. at this point, the right—wing of the grouping, the tory party, they are increasingly desperate. there was a story at the weekend apparently some conservatives have been pressuring the dup to steal the mace to stop parliament from sitting but they couldn't find where it was kept overnight! thank you both very much indeed. the prime minister saying that this was a decisive moment in the story of these islands. we will say, clive, what the fallout is of her decision. we will indeed thank you, geeta guru—murthy at westminster. i should tell you that the snp leader and scotland's first minister, nicola sturgeon, has been responding to this, saying that if mps are now the 12th of april two passed with no commitment to fight the european union elections, then my 22nd becomes the inescapable exit day. the sensible way forw

philip hammond has been in bucharest meeting eu finance ministers. from there, he said the government is open to all ideas and has no red lines. labour says the lack of progress has been because the government won't compromise, they won't change. if no arrangement is reached, the prime minister will have to hope mps can vote for something in votes early in the week. that's because eu members have made it clear when theresa may arrives in brussels on wednesday to request a delay to brexit day beyond next friday the 12th, that request has to be for something, to do something, to achieve something. 0therwise, something, to achieve something. otherwise, they could be minded to say no and britain could be facing a no—deal brexit at the end of the week. banking. there has been widespread condemnation of a military offensive launched in libya against the capital tripoli. both the un security council and the g7 group of countries have criticised the attempt by the self—described "libyan national army" to take control of the country's capital from the int

hammond. the big question what this is, will actually a, be considered by theresa may, who, she has been a truly strong on throughout this process is to say there is no way i would never consider a second referendum. it is something that and debates, she has been strongest unusually. and this is one of the things they discussed today, hot a source say that said it came out multiple times in this meeting. —— a source told me that. no suggestion yet the government will move to that. i think crucially with this, there is a school of thought this is a separate issue in a sense. one thing is, what type i brexit that would go for. a separate thing is, do we then put that to a vote of the british people and you don't necessarily have to to be in either 01’, necessarily have to to be in either or, it could be both. which, is a helpful way for the government and labour of trying to hide that off and make that a separate issue and maybe let parliament decide on that separately while they continue

nejra: that was britain's chancellor philip hammond speaking with francine lacqua at the imf meetings in washington. coming up, jpmorgan tictoc earnings season with a bang. but can the rest of -- can the rest of washington -- manus: if you are traveling to work, bloomberg radio on your mobile, dab digital radio. join us there. they're hard at work. this is bloomberg. ♪ manus: this is daybreak europe. i'm manus cranny in dubai. nejra: i'm nejra cehic in london. let's go to the banking consolidation story. german finance minister olaf shorts says the bank minister should be seen and a wider context. he says it's a big mistake to reduce the situation to one country. he spoke with francine lacqua at the spring meeting at the imf in washington. >> we were very successful in europe to change the scenario. we built a common vision for all the relevant banks. we built the financial funds, which is able to work with big banks all over europe. and this is the situation that has changed. my view is that we should much more look to europe as the european economy, and this is also due to the ban

the chancellor, philip hammond, says he hopes that a brexit deal can be agreed in time to stop the uk taking part in next month's european elections. clearly nobody wants to fight the european parliament elections, it feels like a pointless exercise. the only way we can avoid that is by getting a deal agreed and done quickly. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good.

nejra: that was philip hammond speaking with francine lacqua. still with us, paul donovan and julian chillingworth. you both had great headlines in your research. heard about the six-month extension. for you, paul, it was trick-or-treat. you, julian, it was groundhog day. question, the worst of both worlds? julian: you get a softer brexit but you don't get position in the you -- in the eu. you don't get a vote but you may end up paying money into the pot as the norwegians do without a say in how that money is spent. expect it will be negotiated, that doesn't look to be what people wanted when they voted for brexit. i suspect if you voted against that equally you will want to stay in the full eu with proper thatrship, as opposed to three-quarter way out. nejra: providing some sort of solution, is that a silver lining? paul: certainty is a big step forward. the consumer in the u.k. is chugging along perfectly happily. the labor market is strong. we have that lack of investment. investment takes place but why is -- why as a chief executive you woul

the chancellor, philip hammond, says the uk taking part in the upcoming european parliament elections, feels like a "pointless exercise" and hopes that a brexit deal can be agreed to stop the uk from having to take part. former ukip leader nigel farage launches a new brexit party, and says it aims to change british politics for good. thousands of children in england are going to illegal, unregistered schools, according to the regulator ofsted, and it says the conditions in some of them are "appalling." and at 11:30 we'll be taking an in—depth look at the papers with our reviewers joe twyman, director at the opinion poll deltapoll, and benedicte paviot, the president

hammond agrees, as a feeling they can go so far any further, we are talking to one another they keep saying well eventually machines talk to one another, we are just going to have to interrupt that when they do things. any machine can do my washing if they want to, but it just seems we've got this famous thing called the five guys, which is ice, americans, canadians, australians, new zealand. they watch the world and after a point have kept the wild as safe as it has been. and they all say you wouldn't let the chinese company have a close link to the government and... and i think from what i can tell it's the reason half the cabinet and people like you and ican the cabinet and people like you and i can sniff the don't imagine people like that are an expert in 5g technology but who knows, i think it's much more about the so—called special relationship which we don't have any more, submit we are holding onto willey saw what it was like when donald trump actually met theresa may, and the complete lack of any report or empathy or engagement there and what the us has been saying about p

and meeting well take growth with philip hammond, bruno prune and italian central bank governorer ig nausea vizco. you have some breaking news out of china? >> i have. i have got the import/export balance here. china's march sexarts dropping 21.3% year over year in u.n. terms. the u.s. with a gain of 6.3%. that is good news. their sexarts rose 21% compared to an estimate of 6%, much more than had been anticipated. china's march imports, what they are bringing into the country actually dropped 1.8% year over year. the estimate was for a gain of 2.6% year over year. they are buying far fewer things from abroad than they previously were. we expected them to be buying many more things from abroad. that means china's trade bol is shrinking drastically, or their trade surplus is growing. maybe good news for china, maybe not great from the perspective of donald trump and the u.s. government. now let's take a look. a half hour away from the start of the european open. first off i've got bund on my terminal to show you how negative we have been. the red line here i have placed at zero. so we

interesting that philip hammond is talking like this. it feels slightly out of character but perhaps he feels free to say what he's been thinking for two and a bit years. he's not the funniest man, he sees himself as a bit of a grown up man, he sees himself as a bit of a grown up! man, he sees himself as a bit of a grown up i think in the current political scenario. he holds people like borisjohnson in pretty much contempt. this doesn't add much to out contempt. this doesn't add much to our understanding that what's going on but interesting that your chancellor, a senior minister, goes to washington and makes jokes about leadership contests and the prime minister's days being numbered. on brexit, i think we will go back to the summerof brexit, i think we will go back to the summer of 2016 when boris johnson, effectively won the referendum, combusted as a leadership candidate. that was a pivotal moment. let's stay on that similar theme, the metro. this is an indication from an opinion poll, the conclusion that theresa may must go next mon

hammond speaking ina like, the chancellor philip hammond speaking in a meeting of eu finance ministers in bucharest, this morning, saying we don't have any redlines, and we're willing to listen, and consider ideas, so a very different tone, let's have a listen to what he had to say. the conversations with the labour party are continuing. they were continuing last night. we are expecting to exchange more text with the labour party today, so this is an ongoing process and i'm optimistic that we will reach some form of agreement with labour. now no talks have happened today, and as things stand, there is nothing scheduled, but after two days, very little sign of progress, time is short for the government to come to an agreement, if they are going to do that, because that summit of eu leaders is in the diary for theresa may on wednesday. she's asked for an extension shall have to demonstrate either some sort of clear progress in these discussions, if not the final agreement, i think. or the fact that parliament is going to vote on a series of outcomes, if these talks come to nothing, but t

the chancellor philip hammond is attending the summit and will make a keynote speech. let‘s talk now to our correspondent, stephen mcdonell who‘s in beijing. tell us more about what this belt and road forum is, what does it do? dozens of world leaders from vladimir putin to imran khan have come to the chinese capital to essentially pay homage to the chinese president and sing the praises of the chinese president and his signature policy the belt and road initiative. and in one way white wouldn‘t they? china is providing loans and technical know—how to developing countries in order to integrate their economies with transport infrastructure, with the economies and their neighbours and bolster, in fact, the entire global economy. the problem is the debt. many analysts have questioned the capacity of these countries to repay that debt and wondered whether or not china is actually using the belt and road initiative to draw these countries into its sphere of influence. a chinese president said today they would be more transparency when it comes to the belt and road i

in the uk, the chancellor, philip hammond, says taking part in the upcoming european parliament elections, feels like a "pointless exercise". he's urged mps to pass a brexit agreement, that would avoid britain having to go to the polls. as campaigning got underway, the former uk independence party leader nigel farage officially launched a new brexit party, saying he wants to "put the fear of god" into mps. 0ur political correspondent ben wright reports. look who's back — with a new political party. nigel farage loves a stage. good morning. and at a metalworks factory in coventry, the former ukip leader promised to forge a democratic revolution, kicking off his latest campaign. i do believe that we can win these european elections and that we can again start to put the fear of god into our members of parliament in westminster. they deserve nothing less than that after the way they've treated us over this betrayal. nigel farage said the new party would be free of any extremists. it also lacks a manifesto, or policies beyond brexit, but it's targeting voters angry the uk still hasn't left

hammond and discussed it as well as the head of the bank of england. we are very carefully monitoring these developments. i think u.s. financial institutions are prepared but i think there could be some significant disruptions in the markets and in trade as a result of a hard exit. >> is our government prepared? >> i believe we are prepared although i would just say i think there will be many aspects of a hard brexit and we've encouraged both parties to see if they can have a resolution that works. >> how does this week's actions yesterday and today's actions with the uk government and their conversations with the eu, how does that relate to your activities? have you heightened activities this week as a result? >> i have not been privileged to that conversation going on yesterday and the day before but as i said i've been actively involved in this over the past six months and i think at this point we need to be prepared for a hard brexit is a very realistic outcome. >> okay. with that in mind you are prepared friday if there is a hard brexit as far as

china would indeed be a powerful friend to have in their back pocket philip hammond chancellor of the exchequer is looking to announce closer cooperation on trade and banking initiatives as well this includes a shanghai london stock connect plan tell us the latest on that. well italians too it's not just the british of course the british are going to need the whole of friends they can get if they leave if they leave the you but of course they have a long tradition in china some of it good some of it bad this will be good news for the brits of the if the chinese will have them. and china is making some really big moves they recently lobbied the southeast asian nations to include the yen and the un to be added to the emergency pool known as the chiang mai initiative this would reduce the framework over reliance on the dollar tell us first exactly like what is the chain my initiative and what does it do. first of all you need to understand that more and more people are trying to find a competitor to the u.s. dollar the u.s. dollars had a monopoly on world trade and medium of exchange for

from the conservatives, the chancellor, philip hammond, is more optimistic about the talks with labour, saying the meetings had no "red lines". the conversations with the labour party are continuing. they were continuing last night. we are expecting to exchange some more text with the labour party today. so this is an ongoing process, and i am optimistic that we will reach some form of agreement together. there is a lot more information on this very complicated process. just go to the bbc website. 0r this very complicated process. just go to the bbc website. or you can do this via the bbc news app on your smartphone or tablet. tens of thousands of opposition supporters have gathered in the venezuelan capital caracas to protest against continuing electricity blackouts and water shortages. the march was called by the opposition leader, juan guaido, who's been urging his supporters to maintain pressure on his rival president nicolas maduro. let's look a little closer at the difficulties people in venezuela are having accessing basic services. some residents in the capital have been withou

in the uk, the chancellor, philip hammond, says taking part in the upcoming european parliament elections feels like a "pointless exercise". he‘s urged mps to pass a brexit agreement that would avoid britain having to go to the polls. as campaigning got underway, the former uk independence party leader nigel farage officially launched a new brexit party, saying he wants to "put the fear of god" into mps. our political correspondent, ben wright, reports. look who‘s back — with a new political party. nigel farage loves a stage. good morning. and at a metalworks factory in coventry, the former ukip leader promised to forge a democratic revolution, kicking off his latest campaign. i do believe that we can win these european elections and that we can again start to put the fear of god into our members of parliament in westminster. they deserve nothing less than that after the way they‘ve treated us over this betrayal. this is preparation for elections to the european parliament, which might happen in may. the brexit party wants a full list of candidates, and some of the names have a fa

one of the members of the cabinet trying to put yourself out there, philip hammond, he is trying to put some positivity out there. he says it will hopefully supercharge the economy. i am will hopefully supercharge the economy. iam not will hopefully supercharge the economy. i am not sure that is going to happen. it is some positivity. people may have a few more quid in the pocket. that is not a bad thing but it is tax cuts of 2.7 billion. people may feel they have money to spend. everything has gone up. your £130 a year is not going to make much difference. the mirror has gone up much difference. the mirror has gone up as well. laughter. paper is not cheap. the ft is four quid. it is not a price war! can we look at the i. if you shoot at me i am shooting back! i don't mind. by paper. or otherwise will have nothing to talk about. reveal, blissful home. businesses paid millions of pounds, michael, to hire in police, through the police forces, not directly the police officers themselves. some people will say this is one rule for the ritz, they can hire extra policing for them to keep them

hammond where he showed trade his growth is slipping a bit but jobs are crip being created at record numbers the economy the economic fundamentals are good and strong and we've got a good story to worry or even preliminary deals with japan turkey and your career these are the countries uncle is the pharaoh live in chief i don't mean there is a very wide as you go share of this very important ok what about we should have done better we should have done better but i know for a fact liam fox the international to the sec has been flying all around the world with these t. it's trying to drum up support and i think some of these trade deals will be fall into place much quicker than people think trump loves great britain just finally what what stories could be buried during all this wall to wall coverage of the bricks of debate because for the power of the chancellor said again the welfare was going to be frozen roundtree trust. five hundred sixty pounds a year worse off for poor families and also a knife grave seemed to be saying it's nothing to do with the more complex issues it's just th

among those taking part will be the chancellor philip hammond this and his labour shadow, john mcdonnell. it comes asjeremy corbyn's facing more pressure to commit his party to a referendum on any brexit deal. heavy rains and winds continue in northern mozambique in the wake of cyclone kenneth. floodwaters are rising and rescue workers are struggling to reach remote areas. up to two metres of rain are expected in the coastal town of pemba. five people have been confirmed to have died but that figure is expected to rise. in tripoli, house—to—house battles have dominated weekend clashes between libya's government forces and troops loyal to commander khalifa haftar. his libyan national army, which is allied to a rival administration in eastern libya, mounted an offensive on tripoli three weeks ago, but has failed to breach defences in the south of the city. a 120 million eligible voters in india have an opportunity to cast their ballots in the staggered general elections. monday marks the fourth phase of polling. electoral contests will be decided in seventy two parliamentary constituen

china would indeed be a powerful friend to have in their back pocket philip hammond chancellor of the exchequer is looking to announce closer cooperation on trade and banking initiatives as well this includes a shanghai london stock canet plan tell us the latest on that. well italians too it's not just the british of course the british are going to need all the friends they can get if they leave if they leave the but of course they have a long tradition in china some of it good some of it bad this would be good news for the brits of the if the chinese will have them. and china's making some really big moves they recently lobbied the southeast asian nations to include the yen and the u.n. to be added to the emergency pool known as the chiang mai initiative this would reduce the framework over reliance on the dollar tell us first exactly like what is the cham my initiative and what does it do. first of all you need to understand that more and more people are trying to find a competitor to the u.s. dollar the u.s. dollars had a monopoly on world trade and medium of exchange for several s

nigel farage launches his new brexit party, while the chancellor, philip hammond, says the uk's involvement feels like a waste of time. what we will attempt to achieve is a democratic revolution in british politics, because that is what we need. clearly nobody wants to fight the european parliament elections. it feels like a pointless exercise. both labour and the conservatives are still working to find a brexit deal before the elections on may 23rd. also tonight... swedish prosecutors consider whether to reopen a rape inquiry against the wikileaks founder, julian assange.