iain: no, we are going down to 1.75. jonathan: 25 basis point cut, 50 basis point cut, or no cut at all in july? iain: 25. peter: 25. noelle: 25. spread inthe italian and around 200 basis points. what do we see first, 100 basis points or 300? peter: 100. noelle: 100. iain: i think we will go toward 100. jonathan: we have got to leave it there jonathan: great stuff as always, iain stealey, peter . as always, iain stealey, peter tchir, noelle corum. that does it for us. that was bloomberg "real yield." ♪ hey! i'm bill slowsky jr., i live on my own now! i've got xfinity, because i like to live life in the fast lane. unlike my parents. you rambling about xfinity again? you're so cute when you get excited... anyways... i've got their app right here, i can troubleshoot. i can schedule a time for them to call me back, it's great! you have our number programmed in? ya i don't even know your phone anymore... excuse me?! what? i don't know your phone number. aw well. he doesn't know our phone number! you have our fax number, obv

iain: no, we are going down to 1.75. jonathan: 25 basis point cut, 50 basis point cut, or no cut at all in july? iain: 25. peter: 25. noelle: 25. jonathan: the italian spread in and around 200 basis points. what do we see first, 100 basis points or 300? peter: 100. noelle: 100. iain: i think we will go toward 100. jonathan: we have got to leave it there jonathan: great stuff as always, iain stealey, peter. tchir, noelle corum. that does it for us. that was bloomberg "real yield." ♪ . . taylor: i'm taylor riggs, in for scarlet fu. this is "etf iq," where we focus on the risks and rewards offered by exchange traded funds. ♪ taylor: as the s&p 500 hits a record, we wrap up the first half of 2019 and tell you what to watch for the rest of the year. plus, while fintech is all the rage, there is nothing new about it. we show you how this trend has been going on for thousands of years. the f

iain: 25. peter: 25. noelle: 25. jonathan: the italian-german spread in and around 200 basis points. what do we see first, 100 basis points or 300? peter: 100. noelle: 100. iain: i think we will go toward 100. jonathan: we have got to leave it there. great stuff as always, iain stealey, peter tchir, noelle corum. that does it for us. that was bloomberg "real yield." ♪ ♪ caroline: i'm caroline hyde in for emily chang and this is the "best of bloomberg technology." coming up, tesla sets a new record for deliveries easily beating analyst estimates. we bring you the details. plus, we see a billionaire investor has advice about in

iain: no, we are going down to 1.75. jonathan: 25 basis point cut, 50 basis point cut, or no cut at all in july? iain: 25. peter: 25. noelle: 25. jonathan: the italian spread in and around 200 basis points. what do we see first, 100 basis points or 300? peter: 100. noelle: 100. iain: i think we will go toward 100. jonathan: we have got to leave it there jonathan: great stuff as always, iain stealey, peter. tchir, noelle corum. that does it for us. that was bloomberg "real yield." ♪ viviana: coming up on "bloomberg best," the stories that shaped the week in business around the world. a trade truce at the g20 lifts the spirits of global markets. >> from an investor's point of view, i think this is very bullish. viviana: but tensions linger beyond hopeful headlines. >> we are talking $25 billion in tariffs, which starts to add up. >> protestors and police clash as

iain: 25. peter: 25. noelle: 25. jonathan: the italian-german ten-year spread, what do we see first, 100 basis points or 300? peter: 100. noelle: 100. iain: i think we will go toward 100. jonathan: great stuff as always, iain stealey, peter tchir, noelle corum. thank you very much. that does it for us. this was bloomberg "real yield." we're the slowskys. we like drip coffee, layovers- -and waiting on hold. what we don't like is relying on fancy technology for help. snail mail! we were invited to a y2k party... uh, didn't that happen, like, 20 years ago? oh, look, karolyn, we've got a mathematician on our hands! check it out! now you can schedule a callback or reschedule an appointment, even on nights and weekends. today's xfinity service. simple. easy. awesome. i'd rather not. manus: you're watching best of "daybreak: middle east." the major stories driving headlines from the region this week. opec and allies agreed to extend production cuts, but oil prices slumped in the global economic gloom. the oil output curves

iain: i think we will go toward 100. great stuff as always, iain stealey, peter tchir, noelle corum. that does it for us. this is bloomberg "real yield." ♪ when you rest on a leesa hybrid mattress, bedtime is no longer simply the time you go to sleep. it's time to switch off and catch up. enjoy me time, and we time. 40 winks or 8 hours solid. the leesa hybrid mattress combines two technologies to give you deeper rest and rejuvenation. 1,000 pocket springs provide edge to edge support, responsiveness and comfort. while premium foams relieve pressure, keep you comfortably cool and limit motion transfer. leesa's hybrid mattress is not only recommended by experts, experts choose to sleep on it too. try it yourself in any west elm store. or order online and we'll ship it to your door so you can try it risk free. the leesa hybrid is american made. built to last. and, because everyone needs a place to rest, we donate tens of thousands of mattresses to those in need. live healthier, live happier - by resting deeper. get 15% of

centrica is really being broken up as iain conn heads for the exit. because you are here, it is worth talking about the fall in sterling, what is your ta ke the fall in sterling, what is your take them away as the pound faring so take them away as the pound faring so badly? it a no-deal brexit and as it looks more likely, the pound has gone down. it is worth saying although it is a very big full over three months, at about $1 30 in may and $121 now, a 9% fall in three months, but it is not the big step down people talk about if a no—deal was a certainty, then people are talking about a $1 ten or parity which is a new low for the pound against the dollar. while it is trending down, it is not showing the markets think a no—deal brexit is a certainty, farfrom markets think a no—deal brexit is a certainty, far from it. markets think a no—deal brexit is a certainty, farfrom it. if that becomes true, you can assess what financial markets think of britain under a no—deal brexit, it isjust edging towards it at the moment, it is not the final word. t

i'll be talking to iain anderson and putting some of your points to him. just use the hashtag #bbcthebriefing. so, it is a momentous day here at westminster. after several weeks of campaigning, the new leader of the uk conservative party will be announced in just a few hours. that person will also be moving into number 10 as britain's new prime minister. it will be one of these two men. former foreign secretary boris johnson, or the current foreign secretaryjeremy hunt. mrjohnson is the runaway favourite. he has been from the outset. two cabinet ministers have already said they will resign if he does win, because he says he would go through with a no—deal brexit. 0ur political editor, laura kuennsberg has this assessment of what's likely to happen next. however is lucky enough to win the contest however is lucky enough to win the co ntest a nd however is lucky enough to win the contest and move here in downing street on wednesday, trade is one of just a very long list of conundrums that they are going to have to grapple with. all the smart money in westm

iain conn, the chief executive of centrica, which owns british gas, announces he's stepping down after a challenging period for the company. poorer pupils trail 18 months behind the rest of the class once they take their gcses, according to new research. coming up in sport, gareth bale pulls out of real madrid's pre—season trip to munich after his big money move to china was blocked by the club. greg and amber! and, as the winners of this year's love island are crowned, we'll ask what's made the reality show such a success. good morning. welcome to bbc newsroom live. a former high courtjudge says police may have broken the law in the way they investigated claims of a paedophile ring at westminster. carl beech was jailed for 18 years last week for perverting the course of justice after lying about his claims. sir richard henriques, who carried out a review of the scotland yard inquiry, claims that warrants to search the homes of some of those beech had accused of abuse may have been obtained unlawfully. andy moore reports. carl beech alleged in police interviews that he had been abuse

our political correspondent iain watson is in downing street. so many questions to us, so many a nswe rs so many questions to us, so many answers needed, but a lot of changes there, we'd need to know who is in there, we'd need to know who is in the cabinet, what do you know so far? it is certainly going to be the case that some of the people who are sceptical about leaving the european union with no deal will be on their way out, chancellor philip hammond chief amongst them. the question is who does boris johnson chief amongst them. the question is who does borisjohnson bring in. his attempt to say he will be more of a chairman and a chief executive, relying on competent people to do the heavy lifting. —— his aides say. we are told it will look more like modern britain, and in practice that means more women come up more mps from ethnic minority backgrounds, and in particular we are guided towards three names — first of all, priti patel, the former international development secretary, who resigned over unauthorised meetings with israeli pol

our political correspondent iain watson reports. public sector unions have campaigned against pay caps and for higher wages during the years of austerity. now an apparent victory for some of those on the government payroll. the treasury was going to announce an inflation busting increase next week. the figures were leaked to the times newspaper today. teachers and school staff will get a 2.75% increase, armed forces will get a 2.596 increase, armed forces will get a 2.5% rise across the board, although soldiers are expected to get a bit more and there is a 2.5% rise for the police, dentists and nhs co nsulta nts. the police, dentists and nhs consultants. with inflation running at around 2%, this presents a real terms increase. but these pay increases come with a political sting in the tail. they have to be funded from existing departmental budgets, so is the chancellor phillip hammond trying to rein in the parade of theresa may's successoi’, the parade of theresa may's successor, giving him this challenge. is he prepared to cut el

iain carter there. the women's challenge cup final is taking place this weekend, and crucially for fans who want to see the sport grow, leeds vs castleford is part of a triple—header before the men's semi—finals. the line—up is a repeat of last year's final when leeds triumped — so i caught up with two of the players to find out how they're feeling about this year's game and performing in front of such a huge crowd. first and foremost, excited to be the two teams in contention for that triple header at bolton stadium before the men. hopefully will be a wonderful atmosphere and i'm really hoping that people don't show up early for the men's game — i hope they are just early for the men's game — i hope they arejust on early for the men's game — i hope they are just on time for our game. this is your senior debut. what a game to make your debut at that level! how are you feeling about that? so excited about that. ijust can't wait to get on the pitch for my debut. the fact that it's not only m

iain watson, bbc news. and tomorrow here on the bbc news at one, we'll look in detail at the other candidate in the leadership race, borisjohnson. chelsea football club have appointed frank lampard as their new manager. they describe him as one of their greatest—ever players, having made almost 650 appearances for the club and won 11 major trophies. andy swiss is at the club, in south london. (live frank lampard coming home? yes, then, welcome to stamford bridge, where, as you say, frank lampard enjoyed such success as a player. in fa ct, enjoyed such success as a player. in fact, he's the club's record scorer. more than 200 goals, known to the fa ns more than 200 goals, known to the fans as super frank. well, now he's back as their manager, as sarah campbell reports. # super, super frank... for 13 years, frank lampard helped chelsea fill up its trophy cabinet. he is their all—time record goal—scorer, and now he's back. delighted to be back. so many great memories of this place. the new role starts he

let's speak now to our political correspondent iain watson, who is there. maybe they might react to those comments tonight. yes, let's see. it remains to be seen. i think the difficulty theresa may has, she had her heavy artillery outcome of this talk of bitterness come and she did not say who these are marks were about. we can assume she was giving about. we can assume she was giving a message to her potential successors. it will be interesting ifjeremy her potential successors. it will be interesting if jeremy hunts, her potential successors. it will be interesting ifjeremy hunts, if he strikes a conciliatory notes tonight. talking of political and populist rhetoric ahead of real solutions, she also talked about whether some people were making assertions not backed by evidence. certainly, borisjohnson's opponents, and i've spoken to a few of them here, are worried if he beats jeremy hunt how stable he would be in downing street, how much attention to each they would be. i assume it was a parting shot at borisjohnson even assume it was a parting shot at bo

with me is iain anderson, founder of the international communications agency cicero group. i have loads of papers in bits and bobs. let's start with the front page of the i. most people agree borisjohnson is page of the i. most people agree boris johnson is going page of the i. most people agree borisjohnson is going to be in downing street. he says he is 2a hours away from that. just a reminder, he probably becomes leader of the conservative party and he doesn't go to see the queen, to us to become prime minister. all i'm looking out for is the size of the victory. anything less than 60% will be viewed as being a little bit of a failure forjohnson, given how far he seemed to be ahead in terms of the conservative members. 160,000 conservative members who are voting for britain's next prime minister but i was talking to a boris supporting mp at the back end of last week and they are predicting about 65 — 35. last week and they are predicting about 65 - 35. he is calling for party unity. that is what theresa may was calling for. will he gets it? the huge challenge that bori

our golf correspondent iain carter says that most of the players are unhappy at having to play two majors in successive weeks. i think there is a great deal of dissatisfaction in all honesty. we had this at the open championship last week, the men's calendar has changed to provide a major a month from april through july players there were saying that itjust doesn't give you enough time to research and establish your game. now that's playing a major a month, this is a major a week and a major the next week. so if your game isn't in place for the avion championship, there is very little chance to turn it around there is very little chance to turn itaround in there is very little chance to turn it around in time for the very next major. so i think it's hugely unsatisfactory. the backgrounds to all this is that the evian championship is played in september, the last few years have been best set by april weather. —— by poor weather. so they are trying to get a date closer to high summer. but putting it next to an established major challenge it —— championship really compromises it grea

iain watson, bbc news. let's speak now to our political correspondent, nick eardley, who joins us from westminster. nick, what have we learned? there was a lot of anticipation at this event because the two men were together in the same place. there was an airof together in the same place. there was an air of confrontation about it, a debate, a proper debate. what did we learn? charlie, quite often after big baits in big political campaigns like this, we ask ourselves if there was a wow this, we ask ourselves if there was a wow moment, a jaw dropper, something that could completely change the race and i'm not sure there was. lots of blows, you saw them in iain‘s package there. jeremy hunt thinks his rival has a soft spot when it comes to scrutiny and he said time and time again boris johnson doesn't answer the question. likewise boris johnson johnson doesn't answer the question. likewise borisjohnson things he can skewer his opponent on brexit, the biggest issue in this race and mr hunt won't put in a firm

iain duncan smith, thank you very much. pleasure. joining me now from westminster is alex dawson, a former downing street adviser during theresa may's time. thank you for speaking to us this morning. just picking up on that subject of the balance in cabinet, very heavily weighted towards brexiteers it seem, described as a vote leave cabinet. is that the sort of cabinet that you think can get thejob done that of cabinet that you think can get the job done that borisjohnson wa nts the job done that borisjohnson wants done or is that perhaps lack of balance, arguably going to make it harder? i think they would argue it harder? i think they would argue it would be a clean break cabinet for a clean break brexit. why it has the advantage of is it is a cabinet built round a specific interpretation. leave on 31st october, the problem is not necessarily going to be disloyalty in the cabinet and disloyalty to borisjohnson in the cabinet and disloyalty to boris johnson and leadership manoeuvring, the difficulty will be trying to leave it throug

iain watson, bbc news, westminster. pauljohnson is the director of the think tank the institute for fiscal studies: good evening to you. there are lots of headlines about pay rises above the rate of inflation, but it is pretty marginal, isn't it? they are a bit above inflation, inflation is running at about 2%, and most of these proposals are somewhat more than about 2%. it is worth saying that that is the minimum that you would expect at the moment. i think the chancellor is right, we are coming towards the end of austerity, there is a money available, and wages in the public sector are starting to finally rise. it is important to think about what is happening in the private sector, when we are talking about below inflation pay rises. it has been happening right across the economy, and as the private sector has started to have better pay rises, so you would expect the same to happen in the public sector. but the fundamental question is was, where does the money come from? well, of course, to the extent that they suppli

it is likely to involve iain duncan smith who could land the role of chief whip, a very difficultjob, because the arithmetic is still against borisjohnson. because the arithmetic is still against boris johnson. he would have against boris johnson. he would have a very interesting rabble contingent on his backbenchers as well, who detest him. so that would be... didn't detest him. so that would be... didn‘t die reader david davis is even. . . didn‘t die reader david davis is even... “— didn‘t die reader david davis is even... —— didn‘t i read? you know you read these links. you read the think you read the menu think who knows? you always think how do they get employed anyway? it is very strange. look at the sunday telegraph. hunter set to freeze around assets as it wants uk —— hunt set to freeze around‘s assets. he can set it in motion, can‘t he? set to freeze around‘s assets. he can set it in motion, can't he? the point is it is extraordinarily difficult. there is another headline which is saying they took their eye off the ball in terms of this because they

iain carter there. the women's challenge cup final is taking place this weekend, and crucially for fans who want to see the sport grow, leeds vs castleford is part of a triple—header before

let's get more from our political correspondent iain watson. the biggest public sector pay rise for six years. tell us how it breaks down? it will be the biggest pay rise for some years but critics say it is nowhere near enough after those years of austerity. in effect, what the government is offering is above inflation increases for some public sector workers, so for civil serva nts public sector workers, so for civil servants they will get 2% and i the rate of inflation, but for police officers they will get 2.5%. hopefully we will hear from sajid javid about that later. similarly, so javid about that later. similarly, so will those in the military. there will be an even bigger increase for most teachers, round 2.75%. this data is not supposed to be out until monday but it was leaked to the times but as far as i am aware they are correct. as long as inflation busting increases creates a political challenge for phillip hammond's success at number 11 downing st and also for theresa may's success at no 10. both leadership candidates have made lo

iain watson, bbc news. let's get the thoughts now from our assistant political editor norman smith, who joins us now. it was really watchable, wasn't it, but in the end, most people will not get to vote on which of those two will be the leader, it is down to 160,000 tory members, so what impact do you think it will have? very little, i suspect, do you think it will have? very little, isuspect, i do you think it will have? very little, i suspect, i think most tory voters have ready made up their minds and last night's debate will have confirmed them in their view if they thought boris johnson was have confirmed them in their view if they thought borisjohnson was not serious enough, figured to be prime minister, those figures will still think that, if others think boris johnson is the man to inject a bit of mojo back into our brexit plan, then they will have their views. what we did get a sign of is really a sign of the division and tension between the two men and that has been exacerbated this morning by the

ok, iain watson, thank you very much. we will see. back now to the news that 17 people have been injured, some seriously, in what police have described as a horrendous car crash in stevenage in hertfordshire. our correspondent simonjones is hertfordshire. our correspondent simon jones is in hertfordshire. our correspondent simonjones is in the studio with me for more on this. first of all, what do we know about the event at which people were injured? some sort of car cruising event, it was called. witnesses to the crash say it was horrific but the organisers say what they had planned was something called a static car meet, where the idea is people with their souped up ca i’s idea is people with their souped up cars could turn up, parked up, and the idea was it is called park and pose where people basically look at the cars and admire them. what it seems as certain people turned up and decided to use it as an opportunity to carry out some sort of racing on the road. in terms of the incident, what we see on footage posted on social me

our political correspondent iain watson is here. what are we expecting to happen now? if you remember in that panorama programme, former members of staff talked to the bbc about anti—semitism, they said there was political interference in the process and they were swiftly denounced for people who had access to ground, who were disaffected members of staff. i think notably today, a seniorfigure, the shadow foreign secretary emily thornberry distance herself from that official attack and said she defended the messengers, as she attack and said she defended the messengers, as she called them. so now there's a group of people who see themselves on the centre—left of the party who say the underlying issues needed to be tackled actually. in doing so they say what is required is a completely independent system, independent of the party, to deal with complaints of anti—semitism. this will be raised at the meeting tomorrow, but also i've been told there is going toa similar also i've been told there is going to a similar push at labour's ruling nec to adopt an independent

when asked by iain dale the interviewer whether he would take up a position as chancellor in a potential boris johnson government, he said the question was irrelevant because he would be the one to win the vote. of course, we will know in a week and a half whose confidence has been warranted and whose has been misplaced. when asked on stage whether the party members in the room, how many of them when you when they came in this morning, whether they came in this morning, whether they would be voting for either mr johnson or mr hunt, most of the rheem said they were undecided when they came in this morning —— most of they came in this morning —— most of the room. and then how many of them had decided by the end, most of those hands remained in the air. we all know which way they have decided to vote in ten days' time. we are going live to louisiana shortly because people there are bracing themselves for storm barry which is expected to make landfall any hour now. let's get the latest from new o rlea ns. now. let's get the latest from new orleans. high winds lashing the louisiana co

iain watson has our first report. he walked in first but finished second, jeremy hunt was decisively defeated by borisjohnson. for many, the foreign secretary was the face of brexit, the figurehead of vote leave and that probably appealed to the two thirds of conservative members who gave him their support. he said he'd take britain out of the eu by the end of october and his acceptance speech was a cocktail of optimism and humour with the slightest dash of detail. we note the mantra of the campaign that has just gone by — in case you've forgotten — you maybe have. it is deliver brexit. unite the country and defeatjeremy corbyn. and that is what we are going to do! and i know someone has already pointed out, deliver, unite and defeat was not the perfect acronym for an election campaign since it spells dud but they forgot the final e my friends, for energise. he seems to have already united his family though some have very different views on brexit but he romped through some of its other policy ambitions as well. w

many thanks. 0ur correspondent iain watson there. now, some news to bring about our top story, the news that the brother of the manchester arena bomber salman abedi, hashem abedi, has been extruded from libya and arrested here in the uk. a short while ago, the mayor of manchester, andy burnham, gave this reaction to that news. today is an important day for oui’ news. today is an important day for our city and the recovery progress that's it's going through, and the attack on the manchester arena was an appalling act and many people suffered consequences of every it everything will day. it is right and proper that those people affected will now see a judicial process on british soil. today, we are thinking of the families and everyone affected, and we create —— recommit in manchester to support them every saturday. the fact that it has finally arrived is down to the determination of greater manchester police. i would particularly like to think the security minister, ben wallace, for his ongoing support to this whole process , hi

the former conservative leader, iain duncan smith, says more work needs to be done to ensure that party members do not vote twice when they elect the country's next prime minister. a bbc investigation has uncovered evidence that some members have received two ballot papers. around 160,000 people are being sent postal ballots as they decide whether to endorse borisjohnson orjeremy hunt as tory leader. manveen rana reports.

political correspondent iain watson has more details. i think notably today a senior figure, the shadow foreign secretary, emily thornbury, distanced herself from that official attack and said she'd defend the messengers, as she called them so now there's a group of people who see themselves on the centre—left of the party who are saying the underlying issues need to be tackled. in doing so they say what's required is a completely independent system to deal with complaints of anti—semitism, which will be raised ata anti—semitism, which will be raised at a meeting tomorrow, but also i'm being told there will be a push at the decision—making. .. a being told there will be a push at the decision—making... a senior figure said to me this could be a defining moment for labour but the leadership haven't signed up. they're saying they're improving the existing system are dealing with anti—semitism complaints four times more quickly than before, and their critics don't realise the changes being made. the headlines on bbc news: a thri

iain duncan smith said on tv this morning that the uk had failed to defend other ships properly in the gulf, but that attitude makes me laugh. do you know how many ships the uk navy has? 19, of which nine are at seat to cover the whole world, there is a lot of ocean. every time something like this happens we threaten some part of the world with serious consequences, they did it with china over hong kong, you have had the same face in the gulf. you have to say it. either we build up a military with which we can patrol the world and carry out diplomacy like in the days of palmerston, or we a cce pt like in the days of palmerston, or we accept we do not have a navy anymore and we cannot do it and we adapt to the reality. some of the newspapers are reporting this morning that america got us into this mess, they wanted to draw us into their conflict with iran over sanctions and we allowed ourselves to be played by them because there was not sufficient attention on this issue. i will believe this will be one of the first big tests of boris johnson, we assume it is him, as to how he handles t

iain watson, bbc news. with me is cornelia meyer, ceo of mrl corporation, a business consultancy. a regular here on the briefing. good morning. lovely to see you. good morning. lovely to see you. good morning. you watched the debate. what are your thoughts?” morning. you watched the debate. what are your thoughts? i thought at some stage, make it stop, please! why? well, it was painful because it lacked a little bit of a reality check. they both talked about how they would renegotiate a deal with brussels. well, it seems when you listen to what they say in brussels, they're not up for renegotiating it. and by the way, they're in the mode of changing their leadership in brussels, so this is not a good time to renegotiate anything. so in terms of being so disconnected to reality, it made my heart sink, because it just looks like a no deal brexit might become more and more likely. but both candidates, bothjeremy huntand but both candidates, bothjeremy hunt and boris johnson, but both candidates, bothjeremy hunt and borisjohnson, half to present their plan as to how they will enable

the financial times reports on a story we have covered today, that iain conn, the boss of british gas owner centrica, is to step down. the guardian carries a warning from mps that youth violence has escalated to the point of a social emergency. and britain's ten hottest years have all taken place since 2002. that is according to a study, that is in the times. so a varied set of front pages. let's see what our reviewers make of it all. let's start with the ft. boris johnson saying that he is going to... well, they are reporting boris johnson is going to pledge billions on the nhs. we have had some announcements, of course, on hospitals and social care, so it is not totally clear what is new and what the exact numbers will end up being. no, it's not. last week he announced 20 hospital grades and now the ft tells us a new hospital programme will be announced within days. it is not clear, and it is not clear how it will be paid for. the piece mentions the £i.6 clear how it will be paid for. the piece mentions the £1.6 billion investment for struggling towns that theresa may announced ea

we'll go to adam in a moment but first, iain, how will today's events play out. we have waited so long, not much longer to wait. in about five hours time, just before phone and we will get the result. at around ten to 12 the winner will be announced, in the style of the oscars or the rafters. we are assuming the winner will be borisjohnson. we we are assuming the winner will be boris johnson. we expect we are assuming the winner will be borisjohnson. we expect he will become conservative leader today and officially prime minister tomorrow. if it is borisjohnson, that will be a political rollercoaster ride. he is no stranger to photo of the trinity and two very interesting and sometimes actually quite counter—productive phrases. we see what he will get on, for example, top of the list, brexit. willie get a deal with brussels or leave with no deal. he is prepared to leave by october 31st do or die but if he does he could immediately have a rebellion from senior figures in does he could immediately have a rebellion from seniorfigures in his party. he says he will

iain watson, bbc news, westminster. seventeen people have been injured, two seriously, after a crash at a meeting of car enthusiasts in hertfordshire. two of the cars collided and ploughed into spectators on the roadside. our correspondent kathryn stanczyszyn has been in stevenage. there has been no updates then please as yet as to whether a not arrests had been made. this is the scene of that accident last night. a collision is a car came out of this junction and seemingly failed to see a car that was coming at speed up the carriageway. they clipped each other and both cars then ended up speeding into pedestrians and eyewitnesses have described the horror of seeing people being thrown up horror of seeing people being thrown up in the airfrom the horror of seeing people being thrown up in the air from the force of the accident. we know that 17 people are injured, the ambulance service said 16 were taken to hospital at the time. we do not have any updates on their condition at the moment. a split second, and then, disast

the man who was in charge at party hq for years is iain mcnicol. the e—mails that you've shown me are really important. the issues that are raised within them should ring alarm bells across the party. to try to interfere politically within the ncc is just wrong. the people that she brought in when she became general secretary overruled us and downgraded what should have been a suspension tojust an investigation, or worse, to just a reminder of conduct, effectively a slap on the rest. cheering. again, labour rejects those suggestions. but in another e—mail, seumas milne, one of corbyn's closest advisers, asked for a review of the disciplinary process looking at anti—semitic complaints. there was a risk, he wrote, of "muddling up political disputes with racism." sam matthews was officially in charge of handling complaints. this was the leader's office, requesting to be involved, directly, in the disciplinary process. the party told us this was not a request for any kind of formal review to take place, adding... jeremy corbyn attracted thousands

i've been getting the thoughts of our political correspondent, iain watson. significantly, this is going to represent a change for the labour party itself. jeremy corbyn has been under huge pressure to effectively adopt a far more avowed protamine positions and is very poor european election results a month ago. he's been under pressure notjust from tom watson, his deputy leader but people in the left of the party such asjohn mcdonald, people in the left of the party such as john mcdonald, the people in the left of the party such asjohn mcdonald, the shadow chancellor, to beef up labour's position ahead of any new conservative leader being elected. a stumbling block was the unite trade union led by len mccluskey which was more sceptical about labour leaning towards remain and is hugely influential financially and politically towards the labour leadership but if he says there is a conservative deal, labour should press for a referendum on campaign to remain in the european union if and when that referendum is held so that's where the shift has occurred. some o

the former conservative leader, iain duncan smith, says more work needs to be done to ensure that party members do not vote twice when they elect the country's next prime minister. a bbc investigation has uncovered evidence that some members have received two ballot papers. around 160,000 people are being sent postal ballots as they decide whether to endorse borisjohnson orjeremy hunt as tory leader. manveen rana reports. the conservative campaign rolled into nottingham today as the tory leadership rivals face members again in the battle for number ten. voting has already begun, but the bbc has learned that some party members have received more than one ballot paper in the post. a party insider said at least 1,000 people could be affected, from the total membership of up to 160,000. some were based in more than one constituency and joined the local party in each area. 0thers included women, who received separate ballot papers in their maiden name and married name. i am certain the chairman of the conservative party has been asked to look carefully at how they sift, so there is an issue

here is iain duncan smith, who has been a boris johnson's campaign manager. borisjohnson, i think, borisjohnson, ithink, has been borisjohnson, i think, has been a very clear that this. he said, even oi'i very clear that this. he said, even on monday, that the deal as it stands right now instead. and there's no point in trying to fiddle or twiddle it. the reality is that there are huge elements in it that are inoperable in the uk. so be prepared to leave without hideo and, by the way, that is not —— without a deal. and that is not including the other ones that have been done on freight on capital, and other ones that are going on at the moment. i think it is wholly feasible first engage the eu at that period and ireland, particularly, asking how we can make this work when the uk leaves, either honest and still... the result of that is coming on tuesday, but westminster, i think it is better to say, is preparing for borisjohnson to be prime minister coming wednesday. a whole host of issues, the headaches will be plentiful and the drama... we are in for one

the man in charge at party hq for yea rs the man in charge at party hq for years is iain mcnicol. the e-mails you have showed me are really important. the issues raised within them should ring alarm bells. across them should ring alarm bells. across the party. to try to interfere politically within the ncc is just wrong. the people she brought in when she became general secretary overruled as and downgraded what should have been a suspension to an investigation, at worse to just a reminderof investigation, at worse to just a reminder of conduct, effectively a slap on the wrist. labour rejects those suggestions, but in another e—mail, seumas milne, one of corbyn‘s closest advisers, asked for a review of the disciplinary process looking at anti—semitic complaints. he wrote there was a risk of muddling a political dispute with racism. sam matthews is officially in charge of handling complaints. this was the leader's office requesting to be involved directly in the disciplinary process. the party said this was not a request for a formal review to take place, adding the leader's

the former conservative leader, iain duncan smith, says more work needs to be done to ensure that party members do not vote twice when they elect the country's next prime minister. a bbc investigation has uncovered evidence that some members have received two ballot papers. around 160,000 people are being sent postal ballots as they decide whether to endorse borisjohnson orjeremy hunt as tory leader. manveen rana reports. the kvitova campaign rolled into nottingham today as the tory leadership rivals face members again in the battle for number ten. voting has begun, but the bbc has learned that some party members have received more than one ballot paper in the post. a party insider said at least 1,000 people could be affected, from the total membership of up to 160,000. some were based in more than one constituency and joined the local party in each area, others including women, who received separate ballot papers in their maiden name and married namelj separate ballot papers in their maiden name and married name i am certain the chairman has been asked to look carefully at how they sor

maybe, just maybe giving his brexiteer credentials, but his team, you heard this morning from iain duncan smith you heard, insisting we live in the sist you heard, insisting we live in the 31st of october and he is getting everything ready for a no—deal brexit, if that is what it takes. he would prefer a deal, but at the moment it looks like a tall order. the defence minister tobias ellwood, has branded the seizing of a british—flagged oil tanker by iran as a ‘hostile act'. his comments came as a recording emerged of radio exchanges between a royal navy warship and iran's revolutionary guard, moments before the tanker — the ‘stena impero' — was seized in the strait of hormuz on friday. iran's ambassador to the uk says any further escalation of tensions between britain and iran would be ‘unwise and dangerous‘. daniala relph reports. the video messages came ahead of the iranian revolutionary guard —— the video messages came ahead of the taking over of the taking over the stena impero, descending from a helicopter to the deck of the tanker. a british warship, hms montrose

iain conn told the bbc it was "a natural time...to hand over." it follows a dramatic reversal in fortunes with centrica losing £aa6 million in the first half of this year compared with a profit of 700 million last year. bad news if you're about to go on holidays — there have been further falls in the value of the pound overnight and today with currency market investors becoming increasingly worried about the prospect of a no—deal brexit. the new prime minister borisjohnson has toughened the government's stance in a stand off with brussels and said that no—deal is "now a very real prospect." right now the pound is trading at $1 and just under 22 cents, half a cent earlier —— recruit lower than the low point at half six this morning to stop against the euro trading at just under1 euro 10 cents. a weak pound is good news for some firms, particularly those which export overseas, because their goods will become cheaper. but it's bad news for anyone buying imported goods and holidaymakers, who will find their travel money doesn't go as far.

the man who was in charge at party hq for years is iain mcnicol. the e—mails that you've shown me are really important. the issues that are raised within them should ring alarm bells across the party. to try to interfere politically within the ncc is just wrong. the people that she brought in when she became general secretary overruled us and downgraded what should have been a suspension tojust an investigation, or worse, to just a reminder of conduct, effectively a slap on the rest. cheering. again, labour rejects those suggestions. but in another e—mail, seamas milne, one of corbyn‘s closest advisers, asked for a review of the disciplinary process looking at anti—semitic complaints. there was a risk, he wrote, of "muddling up political disputes with racism." sam matthews was officially in charge of handling complaints. this was the leader's office, requesting to be involved, directly, in the disciplinary process. the party told us this was not a request for any kind of formal review to take place, adding... "the leader's office did not in

let's speak to our political correspondent iain watson. how significant is this? i think it is very significant actually because put quite simply, where the unions that fund the labour party go today, the labour leadership is likely to go tomorrow. jeremy corbyn has been under huge pressure to shift his position on brexit following the poor european election results so the unions are now saying the party should not simply campaignfora now saying the party should not simply campaign for a referendum on the conservative deal, it should explicitly back remain in that referendum. it is not a complete u—turn because they are also saying if there is a snap election and labour wins, they would expect a labour wins, they would expect a labour government to negotiate a brexit deal of its own and then put that to a referendum. in a sign they haven't found a silver bullet to kill off labour divisions on this issue, deputy leader tom watson thinks this policy doesn't go far enough, whereas a prominent labour mp said tonight she thinks the whole idea is stupid. thank you. ov

iain conn, the chief executive of centrica — which owns british gas — announces he's stepping down, after a challenging period for the company. poorer pupils trail 18 months behind the rest of the class once

the former conservative leader, iain duncan smith, says more work needs to be done to ensure that party members do not vote twice when they elect the country's next prime minister. a bbc investigation has uncovered evidence that some members have received two ballot papers. around 160,000 people are being sent postal ballots as they decide whether to endorse borisjohnson orjeremy manveen rana reports. the conservative campaign rolled into nottingham today as the tory leadership rivals face members again in the battle for number ten. voting has begun, but the bbc has learned that some party members have received more than one ballot paper in the post. from the total membership of up to 160,000. some were based in more than one constituency and joined the local party in each area, others included women, who received separate ballot papers in their maiden name and married name. i am certain the chairman has been asked to look carefully at how they sift, so there is an issue here, i accept that, but rather than get bogged down to process, the truth is in a general election people are regist

i‘m joined by the man running theircampaign, iain borisjohnson? i‘m joined by the man running their campaign, iain duncan smith. what is your take on the comments? asl comments? as i understand it, he made the comments before the leadership election actually began, which isn't quite so obviously no so in a sense i don't think he was commenting about what leadership candidates we re about what leadership candidates were saying. i think you are saying what his view was of the deal. he would say that, wouldn't he? he is in the business of hoping that somehow yet his deal through but it is dead. the point as it is not a case of renegotiating. borisjohnson has made it clear that we are leaving, deal or no deal on the 315t and we are not reopening the deal and we are not reopening the deal and if we have anything at all it is and if we have anything at all it is a free trade arrangement. boris has been clear on that from the word go. does that mean it will have to be no deal because michelle barnier is saying it is the withdrawal agreement and it is t

iain watson has our first report. he worked in first but finished second, jeremy hunt was decisively defeated by borisjohnson. for many, the foreign foreign secretary was the foreign foreign secretary was the face of brexit, the mop top figurehead of vote leave and that probably appealed to the two thirds of conservative members who gave him their support. he said he'd take britain out of the eu by the end of october and his acceptance speech was a cocktail of optimism and humour with the slightest dash of detail. we note the mantra of the campaign that has just gone by in case you've forgotten. you maybe have. it is deliver brexit. unite the country and defeatjeremy corbyn. and that is what we are going to do! and i know some wag has already pointed out, deliver, unite and defeat was not the perfect acronym for an election campaign since it spells dad but they forgot the final e my friends, for energise. he seems to have a ready united his family though some have very different views on brexit but he romped through s