hang on, we have not mentioned brexit for about four minutes. brexit means brexit. and we are going to make a success of it. at the tory party conference in october, the prime minister explained a bit more about what that meant. for example, the great repeal bill. pay attention, now. we will convert the body of existing eu law into british law. when a great repeal bill is given royal assent, parliament will be free subject to international agreements and treaties with other countries in the eu on matters such as trade to amend, repeal, and improved any law it uses. she also said she would trigger article 50 by the end of march. but the investor, jean miller, had other ideas. she won a case that high court that only parliament could started. the government challenged that ruling at the supreme court. big stakes constitutionally. perry mason it was not. you have some files. on the electronic bundle. it is 1697. i think... it is bundle three... the judges will give their verdicts in a few weeks' time. meanwhile, brexit secretary david davis had to explain he had not de

hang on, we haven't mentioned brexit for about four minutes. brexit means brexit. and we are going to make a success of it. at the tory party conference in october, the prime minister explained a bit more about what that meant, for example, the great repeal bill. pay attention. we will convert the body of existing eu law into british law. when the great repeal bill is given royal assent, parliament will be free, subject to international agreements and treaties with other countries, and the eu on matters such as trade. to amend, repealand improve any law it chooses. she also said she would trigger the negotiation process, article 50, by the end of march. but investor gina miller had other ideas. she won a gate at the high court that only parliament could start it. the government challenge that ruling at the supreme court. big stakes constitutionally. perry mason it was not. we have a set of files called the ca. the electronic bundle. 1697. bundle three, tab five, think that is the... thejudges will give their verdict in a few weeks. meanwhile, brexit secretary david

hang on, we haven't mentioned brexit for about four minutes. brexit means brexit. and we are going to make a success of it. at the tory party conference in october, the prime minister explained a bit more about what that meant, for example, the great repeal bill. pay attention. we will convert the body of existing eu law into british law. when the great repeal bill is given royal assent, parliament will be free, subject to international agreements and treaties with other countries, and the eu on matters such as trade. to amend, repealand improve any law it chooses. she also said she would trigger the negotiation process, by the end of march. but gina miller had other ideas, she won a gate at the high court only parliament could start it. the government challenge that ruling at the supreme court, we have a set of files called the ca. the electronic bundle. 1697. bundle three, tab five, think that is the... thejudges will give their verdict in a few weeks. meanwhile, brexit secretary david davis had to explain he hadn't really described his counterpart in the europea

now back to brexit. after the sudden shock of the referendum, investors and policy makers found themselves in uncharted territory. here is a look back at some of the market action and ensuing reaction from the second half of the year. jonathan: june 27, 1985, that is how long you have to go back to find sterling trading of these kind of levels, a fresh 31-year low on the cable rate at 129.80. >> formal u.k. property ones frozen and investors seek to dump real estate holdings in the wake of the brexit vote. three have suspended trading in at least 5.7 billion pounds. >> the level of panic is clearly spreading. you have more than half of the real estate fund in the u.k.by value frozen in the space of four days. it is incredible. >> how much will commercial property assets drop? can it touch the 2007, 2008 level? >> i don't think so. we are in a very different environment. >> britain's prime minister is pulling up to 10 downing street, her future home. she is 59 years old, she is this country's second woman

forms of brexit amongst the brexiteers. by definition she can't please all of them. so it's going to be very difficult. because in the uk, europe is such an emotive issue, mps are feeling neurotic and highly charged, a lot of the brexit mps fear this dream they've had will be somehow stolen from them during 2017 or beyond. and equally, there are remainers who are so convinced this is heading towards a cliff edge, they wonder why she won't stop it. and somehow she's got to deal with this, and it will be very difficult. and in france, how about francois fillon becoming president of the republic? it's a guess. probably, yes. but the important thing here is not francois fillon, but that marine le pen is not going to become president. this is a prediction and a hope. or perhaps a hope first and a prediction, because we know we can't make predictions any more! and it's also, i think, the end of the french left, a bit like what happens in the uk. i predict, whoever it is, the french left candidate will clock less than 10% on the f

hang on, we haven't mentioned brexit for about four minutes. brexit means brexit. and we are going to make a success of it. at the tory party conference in october, the prime minister explained a bit more about what that meant. for example, the great repeal bill. pay attention. we will convert the body of existing eu law into british law. when the great repeal bill is given royal assent, parliament will be free, subject to international agreements and treaties with other countries, and the eu on matters such as trade. to amend, repealand improve any law it chooses. she also said she would trigger the negotiation process, article 50, by the end of march. but investor gina miller had other ideas. she won a case at the high court that only parliament could start it. the government challenged that ruling at the supreme court. big stakes constitutionally. perry mason it was not. we have a set of files called the ca. the electronic bundle. 1697. it's 543. bundle three, tab five, i think that is the... thejudges will give their verdict in a few weeks. meanwhile, brexit se

brexit. they have been lean years for the pig farmers of yorkshire — migration from europe is at a record level. but what will end freedom of movement mean to the uk economy and how will it work in practice? we have an special panel with us this evening to debate the big issues. michael gove is here — the former tory cabinet minister one of the chief architects of the vote leave campaign. sir vince cable of the liberal democrats — former business secretary and a strong remain supporter. professor anand menon of king's college london — who leads the independent research body, uk in a changing europe. and dia chakravarty, political director of the taxpayers‘ alliance — a think tank for for lower taxes and smaller government. hello and welcome to the brexit effect — this is our special programme looking more in—depth at what lies ahead for the uk and the eu. we're now almost six months on from the brexit vote, still we have only a partial picture of where we are heading, and a gr

about and she said to the queen, brexit means brexit. or, what does break tamim? i don't know? right. the queen is like everyone else in the country, thinking, what is going on? i suppose her majesty would have thought if anyone was going to get the inside track on this ahead of time. yes. it might be the leader of 70 million people. 0ver brexit with them monarch. brexit over breakfast. yes, and it wasn'tjust that brexit over breakfast. yes, and it wasn't just that according to the story, she was hoping there might be some insight into her selections for the cabinet including the appointed borisjohnson as the cabinet including the appointed boris johnson as foreign secretary. you mean the queen is trying to understand why he was appointed? is that what you're suggesting?” understand why he was appointed? is that what you're suggesting? i think she, like everyone else... had questions. does this mean theresa may doesn't have a plan yet? 0r questions. does this mean theresa may doesn't have a plan yet? or does it mean she was trying to k

she has said it did more than brexit means brexit. 0thers did more than brexit means brexit. others will want to know what she had to say about eu citizens and their rights of where they can stay, whether british people will be able to stay in other countries. she was an early agreement on that. that will be an area where she will be pushed by mps. 0pting out it has been matter of more questions than a nswe i’s. been matter of more questions than answers. we will see of theresa may gives animal away in the next hour 01’ so. gives animal away in the next hour or so. we will bring you that speech by theresa may life at around half past three. very soon. mps holding an inquiry into combating doping in sport have been hearing from a number of key witnesses today. representatives from team sky, british cycling and the world anti—doping agency are appearing before the culture select committee at westminster. 0ur correspondent, richard conway, has been watching the hearing and he sent us this. there are two main issues under discussion with leading figures past and present fro

brexit, trump, matteo renzi. what happens next in the bond markets will be critical for the policy of the european central bank. this is italian market calm before the potential political and market storm. paul krugman is trying to gain a possible euro prices. what you have is 10 year government bond yields, the best rally in as many months. we've rallied nearly 20 basis points. the spread against germany widens, with action down now 160 basis points. will we retest those wide areas? the risk premium for holding italy, of what happens next, of who is the next leader of italy, is what's going to play out in global markets over the next couple days. talk dei paschi, let's about the risk radar -- how have global markets taken on this new political risk? one has to say that global markets are becoming perhaps just a little bit more, i suppose, sanguine in terms of their ability to assess risk. dear-dollar is testy. what is the next big move? the odds of parity on the euro-dollar have jumped above 50%. deutsche bank i

all this is against the backdrop of brexit. in scotland, how has that changed the political atmosphere? you're right, everything is seen through the prism of brexit, be it in cardiff, edinburgh or belfast or of course here at westminster. within hours of the brexit result coming through, nicola sturgeon was saying it was highly likely that there would be a second independence referendum. slight rowing back on that now, but the constitutional question in scotland is now very much alive, and it is all tied in with brexit. depending on how the brexit negotiations go, whether they are easy or hard, whether scotland feels it is properly represented, we have to remember that although the uk as a whole voted to leave the european union, scotland, by quite a large majority, voted to remain. and in wales, how has brexit affected political discussions there? it has really dominated discussions in the welsh assembly, although it is very different to scotland. wales voted to leave. however, the majority of assembly members actively campaig

brexit. the notable event being the election of donald trump as president. when you thing how that affects the external context. i am sure that's at the top of people's minds. >> we'll talk about donald trump later. do you agree with the u.k.'s ambassador to the e.u., that these negotiations could take a decade. >> i don't know if i'm specific to anything that ivan said. i do agree if you look at the complexity, the fact that you have to investigate the article 50 exit and the future relationship, it's unlikely you can do the second of those within a 2-year time frame. and hence the focus on the interim arrangements that people, including the chancellor said may be necessary for a smooth transition for the end of the exit to the establishes of a long-term relationship. that is a tricky thing, and one of the things that we learnt more about. >> do you think there's a danger for the government. that this is all-consuming, taking up every minute of everyone's day, and they could take their eye off the ball with other issues. >> the government was elected in 201

brexit. ahead of another strike by southern rail conductors tomorrow, rmt leader mick cash, denies accusations his union is using the dispute to take on the government. and great britain's heroes of rio could be in for more success at tonight's bbc sports personality of the year awards, with the winner chosen by the public. and in half an hour, christian fraser presents a special programme looking at the uk's journey towards brexit. the sports stars are starting to arrive. we will find outjust before nine o'clock who has been named the sports personality of the year. and in half an hour, christian fraser presents a special programme looking at the uk's journey towards brexit. good afternoon and welcome to bbc news. the russian ambassador to the united nations say they will veto a united nations say they will veto a united nations proposal to put in monitors to check the situation in aleppo. there are reports that buses sent to rescue people from two besieged towns in the north of syria have b

the latest on the brexit exchanges at westminster today. the headlines on bbc news: the russian ambassador to turkey has been shot by a gunman whilst visiting a photograph gallery in the turkish capital. unconfirmed reports that he may have lost his life. thousands escape east aleppo as evacuations from the syrian city continue — including nearly 50 orphans who‘ve been brought to safety after being trapped for months. and in the sport, india score a record—breaking test score of 759 declared against england including a triple century for cameron —— karen fifa had find the whole nations for displaying the poppies during the world cup qualifiers last month. and the 2017 bobsleigher dan skelton world championships will be held in germany after saatchi was stripped of the rights to stage it after allegations of russian state sponsored doping. —— in the last half an hour or so a motion of no confidence in the stormont first minister arlene foster, following a controversial energy scheme that she had been responsible for in the past

you have asked me about the brexit negotiations, and i've been clear about the brexit negotiations. the vote on the 23rd ofjune from people was that they wanted us to have control of immigration, to put in place controls on immigration for people coming from the european union. we also want to ensure that we get the best possible deal for trading with an operating within the european union. that is what we'll looking for in relation to the brexit negotiations. government does have its target, it does have its ambition, it does have its intention of bringing net migration down. it is absolutely right that one part of migration that we haven't been able to put controls on so far is migration from the european union. we will be doing that in future. but i'm not setting a figure in the way that you suggest. precisely because, asi that you suggest. precisely because, as i have said, the many factors to come into the whole question of immigration, there are many factors that determine the movement of people across the world and movement of people to try to come to the united kingdom. i've

>> the prime minister has been clear when she said brexit means brexit. we have to face the reality that the united kingdom will leave the european union, even though a lot of people deeply regret this decision. the united kingdom would like to stay a member of the single market, or at least have full access to the single market, and they can. but one thing, they have to follow our rules and regulations, and you can only be a member of the single market if you accept all fundamental principles of it. that means the free movement of people. that is a key principle of the single market. if the british are ready to accept this, they are very welcome to remain a member of the single market. if they are not willing to accept this, they will have to find another solution. personally, i believe it is not about punishing the british. we accept the democratic decision, one thing is clear, they can't have favorable treatment because than other countries would like it to. -- like it to do. let's start the article 50 procedure, a deal which covers specific interests

in your opinion, does it have to be the so—called hard brexit? president hollande has said that britain will have to pay a heavy price for leaving the european union, and therefore, he seems to be suggesting that the idea that we stay in the single market or have preferential access to the single market, it's not going to be possible. what's your view? this could be the beginning of the unravelling of the european union. i agree, it cannot be excluded. that could be terrible for britain. also, i think it would be terrible to have a united europe to britain's exclusion, which is something that britain tried to prevent for 500 years. we will miss you. the european union with britain in it was better than what we are going to get now, but you have made your decision. we have to take care of our union, you have to take care of your union. we are facing an existential crisis as never before. it is a crisis of solidarity. everybody is talking the national talk, and thus imperilling the european union and its ability to commonly act. this could be the n

brexit means brexit, and we are going to make a success of it. it is a victory against the big merchant banks, against the big businesses, and against big politics. at the end of the day, jamie dunham, jp morgan, goldman sachs, have a good holiday. because i will give you a clue, guys. you will be back. we are joined by economics editor kamal ahmed. we sought brexit back in the summer. we are looking ahead to 2017. where do we stand in terms of uk negotiations? everything looks so uncertain, doesn't it? i think the phoney war will come to an end. 0bviously britain voted to leave the european union injune, and actually, the practicalities of that will start next year. so the british government wants to spark what is called article 50, that starts the process of exit, by the end of march. that is a two—year process, so that process should be completed, we think, by 2019. i think their are tensions on both sides. in britain, there are tensions between those who want what is called a hard brexit, fully out of the single market, out of the customs u

and i had brexit make even less n -- and a hard brexit makes even less sense than a soft brexit. so just a set, democratic environment, and they accept whatever comes from the political front. francine: how does it play out? what have you learned about brexit? there was an eu summit yesterday. we heard the eu could not agree on who was doing the negotiating here in the u.k. k we are not sure what ministry is taking these. were you expecting it? i do not know if we are just messy or in the dark. francesco: the british people took a very basic decision -- ok, we do not want to stay in the european union anymore -- but there are 100 ways in which you do not stay in the european union, and now the difficult part is to choose one of these hundreds. continental european, if you want to call them like that, and for the u.k. -- from this point of view, they are straddling beyond my area of expertise. i think the british parliament has a clear role to play there. francine: right, but we are still waiting for the supreme court to decide on this, right ? in the negotiations, you probably ha

turning to the financial times, it is brexit. 0h, get ready. turning to the financial times, it is brexit. oh, really? the latest little... liam fox talking about we might be part of a customs union, seems to be a softening of their stance. this is the potential delay in brexit talks that could see some of the banks looking to shift from london into the eurozone. this is clearly a threat from the banks, trying to get a deal, they want to put a brake on the harder brexit. these games will be played for most of the next couple of years. this story is a bit thin, saying that the eu would like to finalise the divorce papers so to speak first, which we knew, and they want to get this 50, 60 billion agreed that we are going to pay, honouring existing commitments and after that they will go on to negotiating things like trade arrangements and so on. because that will take time to get to that point... this passport issued, all of the banks would like to operate basically as they do now. is that fair of them to need it so early on? we haven't even got t

brexit means brexit, and we are going to make a success of it. it is a victory against the big merchant banks, against the big business and against big politics. the end of the day, jamie dimon, lloyd blankfein, you want to take your troops from jp morgan and goldman sachs to paris, to the boulevard, have a lovely holiday. i'll give you a clue, guys — you'll be back. i'm joined by our economics editor, kamal ahmed. we saw brexit back in the summer. looking ahead to 2017, where do we stand in terms of uk negotiations? everything looks so uncertain. the phoney war will come to an end, britain voted to leave the european union injaw and the practicalities of that will begin next year. —— in june. the british government wants to spark article 50 which starts the process of exit. by the end of march. that is a two year process so that should be completed, we think, by 2019. there are tensions on both sides. in britain, there are tensions between those who want what is cold a hard brexit, fully out of the single market and the customs union, able

brexit remains and emotive issue in the u.k.. cases would consider the from a legal perspective. >> this appeal is concerned with and our duty is to consider those issues impartially and to decide the case according to the law. that is what we will do. brought by has been the government. monday was the government's term to -- governments turn to present its case. bestowed on the monarchy to start the leading process. >> we say you set the prerogative in the circumstances would not only be lawful, but only -- but fully supported by our constitutional settlement. >> but the government's by -- will say -- only parliament has the power to remove. itshe government wins appeal it can continue its plans to invoke article 50 by the end of march. but if it loses parliament could in theory delay or even block theresa may's brexit plans. days,ses due to last four with a vertical expected in january. anchor: prosecutors have begun their closing arguments at the war crimes trial of -- the 74-year-old racist charges of genocide and crimes agai

it is notjust brexit preoccupying europe at the moment. members of the european council covered the gamut of big issues in their end of year summit, cramming meaty subjects into just one day of talks. eu leaders strongly condemned the targeting of civilians and hospitals in aleppo, as you would expect them to, criticising russia and iran for supporting the syrian regime. the existing economic sanctions on russia over the crimean invasion were extended for six months, but a push for extra sanctions over support for the syrian regime was rejected. leaders endorsed plans for greater defence cooperation, including creating a new mini military h0, battlegrounds of troops from member states and joint procurement of drones and helicopters. council members also discussed extending a deal to pay some countries to limit the number of migrants coming to europe from pakistan, afghanistan and egypt, though a decision was put back to a later date. that often happens at summits. brexit only came up at the informal dinner after theresa may had left, where

i hear people talking about hard brexit and soft brexit as if it is a boiled egg we are talking about. it is a little more complex. turkey is in part of the customs' union but not other parts. we need to look at the cost. the customs' union includes all 28 eu nations at but also turkey, monaco, san marino and andorra. all can trade freely with each other. but they must impose the same tariffs on good outside the customs' union. they are also barred from doing bilateral trade deals that other countries. that is why the trade secretary would like a half way house, but there will be trade—offs. the former chancellor, now free to speak without a government script urged ministers to be careful. we should do this on the basis of a hard—headed assessment on what is in our national and economic interests. yes, it is true that the grass may be greener outside of those arrangements, and we may be able to conduct new free trade deals with australia and the united states and so on, but that should not come at a price of giving up the existing free trade arrangements with germany and france. a

the express have got the eu — brexit is going to save us £450 billion per week. 0h, the eu — brexit is going to save us £450 billion per week. oh, yes and if you read it the story is for change britain which was vote leave. they are sensible reputable people by this report is like saying i have been to the sale, i have got this fantastic bargain look how much i saved but not looking at how much you actually have spent. it could — could, deliver and free burdens and regulations and allow the uk to fords new trade deals and they say figures are very conservatives and gdp could be boosted by another 80.5 billion and so on and so on but none of this talks about what we get currently from the eu in terms of research grant... it is a wish list. if we do a deal with the tahrir, if we do if we do a deal with the tahrir, if wedoa if we do a deal with the tahrir, if we do a deal with asian economies... we have to do the deals first. we do a deal with asian economies... we have to do the deals firstlj we do a deal with asian economies... we have to do the deals first. i am sorry to sound scept

referendum, the sighs are pointing to a hard brexit. -- signs are pointing to a hard brexit. alibaba's on demand services unit is close to securing $1.2 billion of funding for its education pangs. it is getting backing from first time investors from silver lake and china's wealth und. the union unite says the decision follows a revised offer from the airline which will go to its members. and that's your bloomberg business flash. manus ? manus: thank you very much. very happy christmas to juliet. we'll see you on the other side. my next guest, is optimistic about the outlook for trading next year. he is head of european rates and strategy. he joins us now on "daybreak europe." thank you so much for being with us, peter. >> good evening, manus . manus: the left hand side of the butcher scale. on the right hand side of course i have interest rates. ok? so which is a going to trump which? excuse the pun. is it going to be politics that drives yields higher? >> no. manus: lower, excuse me. >> i think optimism, particularly on the inflation front is going to be something of a q 1 s

but unfortunately all they got was what the rest of us are getting, which is that brexit means brexit, marm. does this mean that she was holding back, theresa may, oi’ she was holding back, theresa may, or that she doesn't have anything to say? there is political bite to the story which will hurt number ten. there is a genuine frustration building about the lack of information. the referendum was in june, and we are about to have january and a couple of months, and there appears to be a frustration building about not enough details about where we are heading imagine. is that because she is being scrupulously careful, before making any public statement, or is it, as critics say, they are beginning to just be totally... realise the scale of this negotiation process? but if even the queen is reportedly getting frustrated with the lack of information, then it does get to the point when this is becoming a running narrative. building up of stea m, running narrative. building up of steam, isn't it? a disturbing story on the front of the guardian. the secret abuse of women in the family cou

first day% since the of trading after the brexit vote in june. a new report out this morning shows britain's chief financial officer -- officers are optimistic. need to behey cautious. the study found the number of cfos that are positive about the prospects whether the companies outweigh those who are pessimistic by the most in 18 months. there is two years of brexit negotiation set to begin in the year -- new year. businesses are looking to stay flexible and that rebounded confidence comes from lower levels. our guest is still with us. let's talk about the u.k., we higher.ts are heading towards the triggering of teen -- 50. shock andas a bigger we have been playing through it and we have seen the sentiment going to be positive. be why did see could this happen? theas in response to question of controlling the free movement of people and you said no. they suddenlyt decided one day i will pack my bag and leave the eu. it has not been driven by some kind of other motive. you're still doing the same thing. i have been part of the discussions with so

coming up on the program, we will stick with the brexit theme, the brexit battle. theresa may needs to fight the hard brexiters or britain will be ruined. prime minister tsipras has to convince the german chancellor that he is not -- from our exclusive interview with jamie dimon including his view on the u.s. economy. this is bloomberg. ♪ anna: welcome back. this is bloomberg daybreak: europe. 1:51 a.m. in new york. expect it to be fairly flat at the start of the trading day. when will the dow jones get 20,000. a great story on the bloomberg this morning. the dow jones and the nikkei racing to get there first. let us talk about politics. specifically around the u.k. theresa may wants an early deal on what the exit from the european union means for citizens. fight the hardt brexiteers according to our next guest. have a lot to talk about. good morning. we want to talk about brexit and corporate governance. let us talk about the latest business flow. she has gone to brussels to talk about an early deal about eu citizens living here and british citizens living in th

>> i'm grateful to my honorable friend for repeating the brexit means brexit. it does indeed. as regards the eu regulation, i think it is important that a point at which we leave the eu, eu regulations are -- and will be open to the department to decide which of those regulations it wishes to continue with and which it wishes to change. >> in regard to citizens of town to live in the uk, doesn't the prime minister agree that the principle of protecting those who make a positive a our communities should be a core responsibility of our government? >> i recognize the positive contribution that is made by eu citizens living in the united kingdom. i have said on many occasions at that i expect to be able to and wish to be able to guarantee their status or in the uk, but we do need reciprocity. we need to have care and concern for uk citizens who are living in the european union. >> is the prime minister have any discussions on how quick of the eu can make progress on tackling national tax avoidance and in particular when the eu will go ahead with the country by country boarding? >>

adjustment period after the date of application of brexit? i think it is application of brexit? i think it is a matter of practicality that we need to discuss with the european union. is it a priority for you? i have set at one priority area that we should be making early decisions on the negotiations, that is in relation to eu citizens living here and uk citizens living abroad. we will have to address this question of the practicalities of adjustment to the new relationship, once that new relationship has been agreed. when that takes place, of course, will depend on how the deal is agreed. that is where you can say immediately now... bigger—mac yes to priority, or no to priority? you have to sit down and start negotiating. when we start negotiating, we will consider what theissues negotiating, we will consider what the issues are, as the negotiations will be taking place. this will be one of the issues that will be on the table. i am well aware, chairman, of the views and concerns that business have make sure they have that ability to have a period of practical adjustment. yo

means brexit. that means we leave the eu and all the eu regulations. does she agree that the certainty that this country is looking for. >> i will think my honorable friend for repeating that brexit means brexit. in fact it does. i think it's important that the point we leave the eu that it will be open to this parliament to decide which regulations it will wish to continue with and which it wishes to change. >> in regard to citizens who have come to live in the uk, does the prime minister agree that the principle of protecting those who make a contribution to our community should be a core responsibility of our government >> it's important to recognize the contributions made by those living here in the uk. i expect to wish to be able to guarantee but we do need reciprocity. we need to have certain guarantees for uk citizens who are living in the european union. >> is there any discussion on how quickly the eu can make progress on tax avoidance and when will the eu go ahead. [inaudible] >> i have t

brexit in andfor out of the supreme court. arguedal team successfully in front of the high court that parliament should be consulted before brexit is considered. the british government is hoping to reverse the ruling. theresa may's government said it should be able to utilize prerogative powers to trigger the brexit process without consulting parliament. they witnessed a response from the military to reiterate invoking article 50 of the lisbon treaty. it needs parliamentary approval. on wednesday in the house of commons, and he's voted in voted in support of triggering it in march. in the supreme court, scotland said it should be consulted prior to brexit on the possibility of a new scottish independence referendum from the u.k.. the turn of the welsh government to address the landmark case with a lawyer lambasting may, saying not consulting element could violate human rights. -- parliament could violate human rights. despite the blocks brexit commissioner wanting talks wrapped up. with the hearing over, the supreme court pres

let's stay with brexit. six months on from the referendum, how much do we know about theresa may's plans? ♪ mark: just want to recap new set of italy. the man killed by police in the milan area is the berlin attacker. "panorama" saying the man killed maybe the berlin suspect. what we know is taking place in three minutes -- there will be an interior ministry press conference at 10:45 time. in rome time, excuse me, which from now inutes london. of attacker, the perpetrator deaths in the western berlin , has beence this week killed in the milan area. meanwhile, vladimir putin holds his annual news conference. he is talking about president-elect trump. he says there is nothing unusual in trump's comments on nuclear weapons, trump commenting as part of the election campaign. no one argues the u.s. has the strongest nuclear potential. russia stronger than any potential aggressor, the words of putin. we will continue to monitor putin's words and anything coming out of italy. six months since britain decided to l

i hear people talking about hard brexit and soft brexit as if it is a boiled egg we are talking about. it is a little more complex. turkey is in part of the customs union but not other parts. we need to look at the cost. the customs union includes all 28 eu nations but also turkey, monaco, san marino and andorra. and all can trade freely with each other. but they must impose the same tariffs on goods from nations outside the customs union. they are also barred from doing bilateral trade deals with other countries. that is why the trade secretary would like a half way house. so he's got something to do, and the government has many choices to make. the uk could stay in the single market, but that would mean continued free movement of people and the oversight of eu law. we might only remain in the customs union. or the biggest change, the uk leaves the lot and trades with eu on world trade organisation terms. the former chancellor, now free to speak without a government script urged ministers to be careful. yes, it is true that the grass may be greener outside of those arrangements, and

there are a lot of opportunities that brexit presents. obviously there are some process things that have to be got through before the u.k. is in the position to make the most of those opportunities. the first thing we'll see in the new year is the supreme court judgment on the article 50 case. it says if parliament will have a say if article 50 will be triggered. i think that is a technicality. parliament will agree to it even if it has to formally do so. there are a series of obstacles, the triggering of article 50, the negotiations will be gone through and in the meantime whitehall will be planning too make the most of the opportunities that ministers fore see and to git -- mitigate the risk as we've been saying. host: thank you both very much indeed for coming into the program. and that if it from us for now. you join us for our regular roundups of the day at westminster when parliament returns on monday, the 9th of january. til then, for me, alicia mccarthy, goodbye. announcer: this holiday weekend on c-span, here are some of our rogr

brexit, for me, is net dollar positive. add that to the fact that there are other things across the pond, like potential dollar patria should, tax incentives, and ironically, mr. trump could prove to be the best central bank for getting the euro down. anna: thank you very much for joining us today. the chief investment officer at hermes investment management. let's finish -- a few lines from kuroda. this is the volatility you have seen in dollar-jan. a few lines fromit is back to n february, and monetary policy is not targeting and effects level. he doesn't see an excessively weak yen right now, similar to what we saw in february. those are the lines from kuroda. monetary policy, paying close attention to spring's negotiation. it's appropriate that the yield curve -- they don't see the yen as acceptably week. up next, we will be talking more about germany, reeling after 12 people are killed by with the government says was probably a deliberate assault. we are live in berlin and will have the latest. bloomberg new this is bl

brexit as well. what now i guess is the flashpoint in europe that could potentially be something that not only is a geopolitical shakeup but a market shakeup too? duncan: ok. i think the thing to watch this year, a lot of potential on the french elections where i think the evidence suggests that although le pen will make the second round she will not win. we have the dutch elections where the freedom party, the populous far right may way top the poll. under the dutch system probably won't form a government. and germany, merkel will win. the one to watch, we could get a nasty upset is italy where we may get an election in 2017. italy is a very particular case where you don't just have one bunch of anti-euro types. you have the five star movement but also much of the retaliatory party is against the euro, so there are two potential sources of italian government which could find yourself in a standoff with europe. we do -- we should think back to greece. it's worth saying, here's we're looking at existe