that is a perception mr hammond will have to change. consistently india has refused to lift restrictions on professional services like banking accounts, insurance. that is something the uk sees as its strong point and wants india to open up. it will be interesting if he can convince people that the uk can offer the services and india must open up. real negotiations will only start after the brexit processes over. in terms of the areas of business or the industries that will look to benefit, we have mentioned financial services. what other business leaders are keen to see this relationship drive? the uk is selling financial services as its strong point. mr hammond says, making india but to get it financed in the uk. —— make in india. whichever sector in india is looking for more capital, the uk is selling itself as the point of finances. we have seen massa la bonds, a new class of debt instrument. the uk seems to be the primary target for indian companies wanting these bonds. india needs about $1.5 trillion of infrastructure funding.

mr hammond had one simple message, make an india that finances in the uk. in the capital he will need more business leaders and officials from the reserve bank of india. an institution that will be crucial for of india. an institution that will be crucialfor any of india. an institution that will be crucial for any future partnership. india needs more than $1.5 trillion of capital infrastructure alone in the coming yea rs, infrastructure alone in the coming years, so infrastructure alone in the coming years, so there is plenty of opportunity for both sides. president donald trump says he is working on sweeping reforms to the banking regulations, introduced in the us following the financial crisis in 2007. he has promised a rollback to make it easier for businesses to get loans. in terms of what he can do, this would require congress due get involved, it would involve rewriting the law that was passed by president obama back in 2010 in the wake of the financial crisis. essentially toughening up laws on banks and financial institutions. so any changes to that

mr hammond has opened up a flank and labour attacks. i think he is recognising that he has problems with the economy, problems in the budget that he has done and as a result of that there will be tax rises under a conservative government if they get re—elected. this is quite a tax bombshell. as always the big test in any election, the economy. and today's paul retail figures suggested that the increase in inflation is starting to bite and consumers are starting to feel the strain. some might say you have called this election to get the mandate before the economy truly turned sour. we call this election because it will strengthen the prime minister's and in the negotiations to get the right brexit deal for britain. but in terms of the economic data, it has been remarkably resilient over the last nine months. just this week the imf revised up its forecast for britain's economy this year to 2%. the chancellor will return from his us trip at the weekend, that to an election battle where the promises the parties makes the voters will be ke

when we hear more about philip hammond's trip we will update you. there are currently around 12,000 eu regulations in force across the union and they cover everything from banking and the chemicals industry, to agriculture and the airline industry. here's our transport corresponded richard westcott to talk through some of the pitfalls that brexit could create for the business of aviation. lots of industries is just telling for position they want to get to the front of the queue and make sure there are except agreement is sorted first. to date it was the airline industry that weighed in. at the moment, any eu airline can fly anywhere in europe and that is why we get such cheap flights but that deal runs out when we leave the eu in two years. if they do not replace it, there is a slim chance flights would have to stop for a while. it is not meet saying it, it is michael leary, the boss of ryanair. 0ther airlines do not share his apocalyptic view. 0thers airlines do not share his apocalyptic view. others are very confident a new agreement would be reac

mr hammond has opened up a flank, and labour attacked. i think he's recognising that he's got problems with the economy, he's got problems in the budgeting that he's done, and as a result of that there will be tax rises under a conservative government if they get re—elected. this is quite a tax bombshell. as always, the big test in any election — the economy — and today's poor retail sales figures suggested that the increase in inflation is starting to bite and consumers are feeling the strain. some might say you've called this election to get a mandate before the economy truly turns sour. we've called the election because it will strengthen the prime minister's hand in the negotiations to get the right brexit deal for britain. but in terms of the economic data, it has been remarkably resilient over the last nine months. just this week, the imf revised up its forecast for britain's economy this year to 2%. the cancer will return from his us trip at the weekend, back to an election battle where the promises the parties make two voter

philip hammond must remember he tried to raise national insurance rates, didn't he? that have to be turned around very quickly. it's about who takes austerities? is it the people who are there and can withstand the attack, as it were, on the public purse? 0n the other end you have the nhs crumbling, the idea of social care being in complete meltdown. we do not change in the next five years will be in serious trouble. then we have the immigration issue. you both mentioned nhs and social care. social care is getting a boost of more money. the nhs has had more money and overall spending has increased. the number of people using it has also gone up. it is not going to be about white van man, it is about where is my gran. which hospital will they be in and are they safe? we do not look at certain demographics. they will affect the elderly and the young who leave university and cannot afford homes because they have too much student debt. all we can say for certain is after the election we will all be paying more tax. whoever is in government will need to raise funds. by go

theresa may in the middle east and philip hammond in india. we start in india where the uk finance minister is leading a trade delegation. it's a two—day visit where philip hammond will stress "britain is open for business" and looking for new trade deals as the uk negotiates its way out of the european union. and let's talk you through the relationship. in 2014 the value of all the goods and services sold between india and the united kingdom was about $24 billion. and it works in india's favour they export a lot more goods to the uk than the other way around — their top exports are clothing, footwear and medical items. but the uk is only the 18th biggest market for india's exports. and india only comes 17th on the uk's list of export destinations despite having the world's second biggest population, india is looking to raise more than 1 trillion dollars for infrastructure over the next decade and the uk hopes it can benefit from that given it's position as the world's top financial services exporter. in return india will be looking for gr

mr hammond has opened up a flank, and labour attacked. i think he's recognising he's got problems with the economy, problems with the budgeting he's done. as a result of that there will be tax rises under a conservative government if they get re—elected. this is quite a tax bombshell. as always, the big test in any election, the economy. and today's retail sales figures suggested the increased inflation is starting to bite, and consumers are feeling the strain. some might say you've called this election to get a mandate before the economy truly turned soui’. before the economy truly turned sour. we've called the election because it will strengthen the prime minister's hand in the negotiations to get the right brexit deal for britain. but in terms of the economic data, it has been remarkably resilient over the last nine months. just this week, the imf revised up its forecast for britain's economy this year to 2%. the chancellor will return from his us trip at the weekend. back to an election battle where the promises the parties make t

chancellor philip hammond. this is bloomberg. ♪ [ engine revs ] [ screams ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] [ [ screams ] ] [ shouting ] brace yourself! this is crazy! [ tires screeching ] whoo! boom baby! rated pg-13. [ screams ] anna: a warm welcome back. this is "bloomberg daybreak: europe." this is tokyo at 2:30 in the afternoon. a new edition of daybreak is now available on your bloomberg and your mobile. let's look at some of the stories that have made it into today's edition. we start with a cover story today around the french election and last night's presidential debate. night for marine le pen according to two polls that rated her the fourth most convincing candidate out of the 11 who took to the stage. she repeatedly lost her cool during heated exchanges. matt: the next story is the fate of britain's ex-pat bankers. tired of wondering about their back, they phase have volunteered to return to their native eu countries if the

philip hammond did not income tax. philip hammond did not like the fact that he was boxed into a cornerfrom not like the fact that he was boxed into a corner from the soul pledged not to raise national insurance contributions and income tax. the original pledge, if you think back to 2015 when david cameron was running for election, apparently he is living in a shared but that is a different story, he ran on a pledge not to raise income tax and national insurance. this time around are confident of a win under one to get rid of these things that boxy into a corner. we are unlikely, but don't know yet because the tory manifesto is not i get, the triple lock on pensions will change in some way, we are likely to see the ability to change income tax national insurance. theresa may has said today that she won't raise vat because labour were putting under a lot of on that. that is regarded as regressive tax because everybody has to pay it. to some extent, it is linked to consumption because if you don't consume too much youtub

yesterday, the chancellor, phillip hammond, hinted that the government might abandon the pledge made at the last election not to raise income tax, national insurance or vat. labour and the liberal democrats were quick to jump on what they saw as a change of policy, warning that tax rises lie ahead. 0ur political correspondent, iain watson, reports. the american revolutionary benjamin franklin said the two uncertainties were tax and death and commitments to push tax rates up can prove fatal to political campaigns. on a visit to the united states, chancellor philip hammond criticised the constraints placed on him by his party's previous pledges on tax. all chancellors would prefer to have more flexibility in how they manage the economy and how they manage the overall tax burden down, than to have their hands constrained. then this happened. even some conservative supporting newspapers speculated that taxes would rise if the party's re—elected, so conservative sources were swift to say that the chancellor's comments should be seen as a hint of tax increases to come. what has been rema

one week after the uk triggered the process of leaving the european union, chancellor philip hammond is on his way to india. businesses there are concerned about what kind of impact it could have on them. our colleague in new delhi spoke with the president at the european bank for reconstruction and develop it. -- development. if it is a brexit which results in the uk leading the single market and maybe not making any further contributions to the eu budget, if you take that extreme, that has significant potentially negative impacts on some of our operations, especially in south—eastern europe. bulgaria, greece, those sorts of countries would be heavily affected. but it is a milderform of brexit, where even if the uk leads the single market it is able to mimic some of the single market attributes in the new trading relationship, if it still makes some contributions to the eu budget, then the impact is actually pretty marginal. british chancellor philip hammond is bringing a large delegation of british businesses here to try to drum up trade in india. you think india can really fill

this is what philip hammond wanted to do in the budget. he did wa nt wanted to do in the budget. he did want to put higher taxes on the self—employed. and then there is this constant talk about the triple lock. the triple lock is lovably something that will perhaps have to be looked at because if you've got austerity and trouble with the nhs and people don't have enough money for schools and the rest of it, the money will have to come from somewhere. my feeling, and i think a lot of people, feel bad because it is our money, it is wasted. you see in the nhs, you've got people in... not doctors and nurses but management earning more than the prime minister. you've got all sorts of... bonnie, i'm going to ask you to skip ahead to the telegraph simply because i'm trying to get through three more. there is another... we've got to hear, i think. we are going to start off with this online pharmacy because this is really quite disturbing. bonnie, remind us what the story is about. this is about an online pharmacy backs by the nhs, it has admitted selling a bleaching agent asa admitted

yesterday, the chancellor, phillip hammond, hinted that the government might abandon the pledge made at the last election not to raise income tax, national insurance or vat. labour and the liberal democrats were quick to jump on what they saw as a change of policy, warning that tax rises lie ahead. 0ur political correspondent, iain watson, reports. the american revolutionary, benjamin franklin, said that two great certainties were tax and death, and certainly commitments to push tax rates up can prove fatal to political campaigns. on a visit to the united states, the chancellor, philip hammond, criticised the constraints put on him by his party's previous pledges on tax. all chancellors would prefer to have more flexibility in how they manage the economy and how they manage the overall tax burden down than to have their hands constrained. but then this happened — even some conservative—supporting newspapers speculated that taxes would rise if the party's re—elected. so conservative sources were swift to emphasise that the chancellor's comments shouldn't be seen as a hint of tax

some differences between theresa may and philip hammond on tax policy. we will have to see where we end up when the manifestos, out in the coming weeks. thank you. more than 50,000 troops are being deployed across france in preparation for voting in the country's presidential election after the killing of a police officer in paris. all correspondent is in paris at the moment. it looks like life returning to some normality, but security will no doubt play a big role over the coming days. security is very tight. it has been ramped up. there are police walking around in this bustling market. but this is a scene of peruvian normality this morning. a very normality this morning. a very normal saturday morning. this is the market, just a stone's throw from notre dame cathedral. today is a day of political silence. campaigning ended at midnight. there are no bombardments from politicians. so the french have a chance to breathe after months of relentless political battles. but the events of thursday night, just a couple of miles from here, on everybody‘s minds

it's hammond's first foreign trip since article 50 was triggered, starting the process to take britain out of the european union. sameer hashmi is in mumbai. lovely to see you. tell us a bit more about today's agenda. well, the chancellor will be attending a couple of events with the underwriters come with. he is attending an event where they will be talk about start—ups, after which they are addressing a conference that will have business leaders from the world of financial services. you we re the world of financial services. you were referring to the uk being the biggest exporter of financial services. so they want to pitch that is one big industry where the uk and india can really partner. because india, as you know, is a growing economy, that is trained to grow its digital base across the country, and the uk is trained to say that they could partner with india to meet those aspirations, particularly when it comes to digital rollout across the country. and so, this is very important groundwork that is going on, yesterday and today, in terms of any future trade deals that are hamme

philip hammond has said he will have to raise taxes. we know he will have to raise taxes. we know he will have to raise taxes and he has said that the 80 could go up. why would the daily mirror go on the 80? that is because it hits the poor harder than the rich. they spent about 10% of their vat -- rich. they spent about 10% of their vat —— income on vat. rich. they spent about 10% of their vat -- income on vat. if you took some people out of tax, it would lower the rates for higher earners. indeed. the issue here is that the tories have always been the party of fiscal firmness. they have always been the party where you think the economy is in safe hands. it is not the case. it is now appearing that the case. it is now appearing that the labour party could be right, that the tory party is going to hit white van man right where it hurts, right at the exhaust pipe and ensure that he is paying more tax on a whole. this is the whole issue. we are being appalled by two strong forces, demographic change and the need to raise taxes in this post brexit world. by the conservati

pilot charlie hammonds has seen the gulf of mexico march north since he was a teenager. that's how long he's been flying over this vast louisiana marchland. hammonds says the gulf waters spread north like a cancer and that much of that water you see below used to be land. >> yeah, probably when i was a young pilot, i'd say we had at least three or four times what you see here. >> reporter: you literally used to land next to islands -- >> oh, yeah, well, we're way out in the bay now, we're in the bay. and they're growing. >> reporter: those are gone? >> yeah, they're gone. >> reporter: you couldn't land there today if you wanted to? >> no, open water. open water. >> reporter: just look how the louisiana coastline has changed. nasa recorded these satellite images, and from the mid-1980s to now, you can see a subtle, yet steady change around the town of homa, capturing how a significant amount of coastline is disappearing. charlie hammond says the gulf of mexico water keeps swallowing up land. >> like a cancer. i mean, it just keeps moving. i watch it every year just keep m

hammond. >> those worried about social care crisis, the chancellor had some good news. so today mr. deputy speaker, additional ground funding $2 billion pounds to social care to new england. >> somebody got to pay for that 2 billion pounds. that's why mr. hammond's budget went seriously wrong. >> employed and self employed alike, use our public services in the same way that they are not paying for it in the same way. >> the national insurance paid by the self employed are over 5 billion pounds this year alone. this is not fair to the 85% of workers who are employees. to be able to support our public services in this budget and to improve the tax system, i will act to reduce the gap to better reflect the current differences in statebenefits. it was a disaster move. >> we have seen a scandalous attack on aspiration and taxing those self employed and disin incentives to employing people. that's a decision that'll come back to hunt this chancellor. >> the next day's headlines were not good news for the chancellor. it was stories of a massive falling out between prime minister and chance

antitrust philip hammond -- and i trust philip hammond to be a cooperative member of the g-7. francine: talk to me about the central actions. are you worried about those? >> i am, as a frenchman. the anti-european movements. and at the same time, i am not. i am sure there will not be 50% of the people in my home country who would be crazy enough to vote for the brexit because france is at the heart of europe. the french are attached 72% to the euro. concerned that she is in the second round. i am afraid if she gets 40%, there is a question in france. we need to deal with that. i am sure. i am convinced marine le pen will not be president. francine: what happens if she runs in the second round? >> final think this will happen. -- i don't think this will happen. but we must comment when there is action. i hope they will be another candidate against le pen, or there will be two. i know in my country 70% of the people are pro europe. i am mainstream. so, we are more committed. i am committed. others are less committed and they are also pro europeans. that is the way the french peo

chancellor philip hammond is in india on a mission to promote bilateral trade. at a joint news conference, hammond discussed britain's plans for a reset in played -- trade negotiations and establishing the u.k. as a truly global player. >> this is a matu relationship between equals. in thegest democracy world and the oldest democracy in the world. coming back together to look at building a new relationship with india's economy opens up as the u.k. averts its gaze from europe , more towards the wider world, and both of us seeing opportunities. miss her hammond says he sees tensions ahead as brexit negotiations continue because people on both sides oppose any brexit deal and want talks to fail. frexit is prompting u.k. to boost its trade efforts outside europe. 90% of global growth is being ,enerated outside the continent and he says asia-pacific is the center of gravity of the global economy, so the u.k. must direct its investments and economic activity there. global news, 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countri

remember james henry hammond defending slavery on the grounds that every society requires a mud sill class to perform all of the mud sill duties, and washington said hammond was a genius of the south that it had a specific group of people that would perform the mud sill duties and nothing but for the entirety of their lives, which were black slaves. by contrast, lincoln says there is no permanent class of hired laborers amongst us. there is no mud sill class. 25 years ago, i was a hired laborer. i was one of those mud sill, but the hired labor of yesterday you labors on his own account and will hire local for labor tomorrow. advancement, improvement in condition is the order of things in a society of equals. of course improvement and advancement in condition are exactly the things that slaves did not aspire to and which james henry hammond would be very disturbed to find a mud sill class aspiring to. people are surprised when they see this image. this is the first photograph of abraham lincoln. it does not quite look like the guy we meet on the five dollar bill. it is a gregariotype

this talk of tax, philip hammond's suggestion that he wa nts to philip hammond's suggestion that he wants to see the end of the commitment not to raise income tax oi’ commitment not to raise income tax or piatti or national insurance. that has caused alarm. conservative sources are playing back down. —— or vat or national insurance. labour says there was a tax bombshell ahead. the lib dems have said that this will hurt the pockets of white van man. labour has said that the richest would pay their fair share of tax if elected. the battle lines are being drawn. plenty of talks of policy before the manifestos have even been published. just one final fought, we are hearing that eric pickles has said that he would step down. 0ther mps have said the same. a very interesting election policy wise, but there will be a high turnover of mps before the battle has even begun. thanks very much. more than 50,000 troops are being deployed across france in preparation for voting in the country's presidential election after the killing of a police officer in paris. 0ur correspondent is in paris at th

now, the chancellor, philip hammond, is hoping to court new customers for britain's financial services expertise. he leads a delegation of business leaders, as well as the governor of the bank of england, mark carney, to india this week, hoping that indian companies will use the city of london to fund the estimated £1.2 trillion of spending needed to modernise india's infrastructure. the government also hopes to use the trip to open new markets in india for companies like transferwise, part of britain's rapidly growing financial technology or fin—tech sector. all of this forms the backdrop for a comprehensive free—trade agreement which britain hopes to sign with india once it formally leaves the eu. but that won't be easy — india has yet to sign any free—trade deal with anyone and one stumbling block could be a demand by india to allow its citizens free movement to and from britain. the parents of a baby with a rare genetic condition have reached a £1.2 million crowdfunding target for him to have pioneering treatment in the us. connie yates and chris gard's son charlie, who i

india already invests more in the uk than the rest of europe combined, and philip hammond is hoping to build on that. india offers a vast potential market and is the fastest—growing large economy in the world. in a trendy cafe, the chancellor meets indian entrepreneurs keen to work with british businesses to develop new opportunities, but the real prize is much bigger — a trade deal. this afternoon he met the indian finance minister. britain can't negotiate new trade arrangements until it actually leaves the eu, but that doesn't mean it can't begin to lay the groundwork. though getting a deal... is likely to be difficult. ones that opportunity arises, after brexit, india's once that opportunity arises, after brexit, india's open to all arrangements which are in mutual interests for expanding trade. but actually getting a deal is likely to be difficult. the eu has been negotiating for almost a decade without any luck, so why should britain find it any easier? 28 countries trying to agree together the terms of a deal to be challenging. we've seen that and other european negotiations

to box the next government into tax commitments known and you have that from the chancellor philip hammond yesterday in washington saying he would like more flexibility than the current triple block as it is called rules around raising personal tax gives him so it'll be fascinating to see if over the next few weeks the conservatives do decide to ditch that commitment that david cameron made. was there a surprise of the number of lib dems have rejoined the race? people who we re have rejoined the race? people who were recently prominent but her coming back. ithink were recently prominent but her coming back. i think rick reflects the fact that the tales of the liberal democrats are up. considering the state they run 2015 and a dreadful till election for them, they do think that brexit has presented them with a golden opportunity and they see a chance to ta ke opportunity and they see a chance to take on of course some brexit supporting labour mps, there aren't many of them but for instance in south london the figure could come from nowhere to take that seat for the labour mp voted for gritt

jeremy bowen, bbc news. 0ur our other top stories this hour: the british chancellor philip hammond is in india to discuss financial and business links. he's being accompanied by the governor of the bank of england and leaders of uk financial services. officially the uk can't agree trade deals until it leaves the eu but mr hammond is making it clear he is already seeing india as an important economic partner. india's economy is growing and developing in a way that would have seen developing in a way that would have seen unimaginable a few years ago and the uk has made the historic decision to leave the european union and to re— forged its historic links and to re— forged its historic links and ties with partners, allies and friends around the world. britain and india have a huge amount in common. we already have a very significant trade and investment relationship. also making the news, a spokesman for the un secretary general says america's decision to withdraw funding from the un population fund could have a devastating effect on vulnerable women and girls. the us says the decisi

philip hammond. the us military action in syria was a necessary and appropriate and justified response to an awful crime, the foreign secretary has told the house of commons. boris johnson was giving details to mps on the evidence linking the assad regime with a chemical attack on the idlib province. boris johnson regime with a chemical attack on the idlib province. borisjohnson said the us secretary of state had contacted the british government, asking for political support, but said it would be difficult for britain to say no to a request for practical support in the future. he also updated mps on the situation in north korea. he called on china to use its influence. but he began his statement by paying tribute to britons who died in tragic circumstances in stock old and jerusalem. chris beddington was one of four people who died when a truck was driven into pedestrians. hannah blaydon was stabbed to death in jerusalem on good friday after a senseless attack. our thoughts and prayers are with their

pilot charlie hammonds has seen the gulf of mexico march north since he was a teenager. that's how long he's been flying over this vast louisiana marshland. he says the gulf waters spread north like a cancer and much of the water you see below used to be land. >> probably when i was a young pilot, i would say at least -- at least three or four times what you see here. >> reporter: you literally used to land next to island. >> yeah, we would land in that bay, right? >> reporter: those iltsds are gone. >> you aye lan to it next to it if you wanted to today? >> no, it's open water. >> reporter: just a look, nasa recorded these satellite images, and from the mid 1980s to now, you can see a subtle yet study change around houma. charlie hammond says the gulf of mexico water keeping swallowing up land. >> it's like a cancer. i watch it every year. it keeps moving farther and farther and farther every year. >> reporter: eventually everyone will have to retreat? >> yeah. >> reporter: one of the first signs that things aren't quite rite is when you come across trees simply witheri

>> i don't buy that. >> reporter: hammond and others say other impacts are in play. they say marshland is naturally sinking, something called subsied subsideance. >> it's depressing. >> reporter: for this environmentalist, it's discouraging. >> i don't know how you can look at scientific data and see this, very, very plainly and then say it's not happening. >> reporter: that climate change isn't happening. >> climate change, yeah. >> reporter: in front of this man's house stands one dying tree. the clue that all is not right. he can see from scrapbooks how the landscape and trees have disappeared. it's been a native american people where 350 people wins lived. now it's down to about 70. they fled north to avoid the encroaching waters. it's dwindled to about 350 acres. you think this is part of the natural evolution of the planet or do you think man made causes have created such a rapid change here in the louisiana coast? >> i believe that the gulf of mexico is such a powerful force that it wants to make its way north. you know, more than one thing that's going on the

hammond. he felt to stop the massive troubles that lay ahead if those worried about the social care crisis the chance to have some good news. >> an additional grant funding of 2 billion pounds to social care. >> someone's got to pay her that 2 billion-pound injection and that's where they went seriously wrong. he asked lane by britain's army tradesman were going to pay more tax than the higher national insurance contributions. >> employed or self-employed alike, these are public services in the same way, but they are not paying for them in the same way. the lower national insurance paid by the self-employed is forecasted public finances over 5 million pounds this year alone. this is not fair to the 85% of workers who are employees. to be able to support our public services in this budget, and to the tax system, i will act to reduce them better reflect state senate seats. we make a disastrous mid-at the scottish nationalist and spotted. the scandalous attack on aspiration on the self-employed.

we mention that philip hammond is in mumbai, schmoozing. we have theresa may in saudi arabia as well and the parliament in strasbourg, the european parliament discussing brexit as we speak. and city hall in london, we have the london chamber of commerce hosting an event where they have invited european business leaders from across europe to discuss brexit and how to work together across europe. we were talking to —— hoping to talk to the president of the frank frankfurt's chamber of commerce but technical reasons mean we cannot so apologies. but luckily, kathleen brooks is here in the studio to talk about the papers. we want to focus on the story about this equal pay proposition in iceland. it is really at the forefront of equal pay and equal rights. it seems like this could be a world first. definitely. iceland already has the lowest gender pay gap according to the consumer prices index. it is not just about financial equality and pay equality but political equality will come into it. also, iceland's economy is going great guns, expand

the chancellor, philip hammond, has arrived in india to discuss financial and business links. he's accompanied by the governor of the bank of england and the leaders of financial services companies. the government is hoping to boost ties between the uk and india as britain leaves the european union. this report from justin rowlatt does contain some flash photography. india is a crucial part of britain's post—brexit strategy, hence the chancellor's visit to this market in the centre of delhi. the message of this visit is absolutely clear. what the british government wants to say is that there is a world of opportunity post—brexit. india already invests more in the uk than the rest of europe combined, and philip hammond is hoping to build on that. india offers a vast potential market and is the fastest—growing large economy in the world. in a trendy cafe, the chancellor meets indian entrepreneurs keen to work with british businesses to develop new opportunities, but the real prize is much bigger — a trade deal. this afternoon, he met the indian finance minister. britain

those riflemen was corporal roy lee hammons, and i'd like to read a passage from my book about corporal hammonds. a shot rang out. the men crouched. seeking cover as if at a signal, five or six a case open up on the far side of the draw. the rapid billing to a metallic roar as a hail of bullets came in from the right flank and head our in six teens opened up in reply. then scream pierced the cacophony in the relentless pattern of rain. i'm hit, i'm hit. form it up, came the formative cry. take cover, yelled. this was the ambush i dreaded. i rolled embraced the rifle but against the ridge on my best and triggered off half a magazine toward the incoming fire. i look downhill and i saw the body between two buses, legs sprawled in a stream. fire two to leapt up and rushed in short dashes and drop to set up a defensive position on the flank. bullet went through the brush and cracked into trees. it soured bark and white puppy what. the fire team leader collapsed next to me, they got the dock. i measured the distance to the motionless medic around his impact were mount mud and water. i had our mortars

now the chancellor philip hammond is looking to court new customers. he leads a delegation of business leaders as well as the governor of the bank of england to india this week, hoping that indian companies will use the city of london to fund the estimated £1.2 trillion of spending needed to modernise indian‘s infrastructure. they hope to use the trip to open new markets in india for companies that are part of the new technology sector. all of this forms the backdrop for a comprehensive free—trade agreement which britain hopes to sign with india want it formally leave the eu but that won't be easy. india is yet to sign any free—trade deal with anyone and one stumbling block could be a demand by india to allow its citizens free movement to and from britain. the organisers of the university boat races say they have no plans to postpone the event — despite the discovery of what's thought to be an unexploded second world war bomb in the thames. the device was spotted near putney bridge, close to where the race begins. a final decision on whether t

. , philip hammond -- the brits on tour. india,arabia and can the u.k. pivot toward the emerging markets? and confidence in question. may face aa's zuma pivotal parliamentary vote as the new finance minister speaks with the three main rating agencies. will investors see further turmoil? we will talk about that as we work our way through the day. european equities look like when they open are going to be bid. fair value pointing us toward a higher open, up, and the dax could be on the front foot. you have also seen a bounce in equity futures stateside. let's talk about what's happening with the gmm and walk around the world with what's happening. the aussie dollar is the treaty want to watch out for. overnight, the rba sitting on its hands. aussie companies are not investing, and that story is something to pay attention to. mixed performance on friday, with the ftse 100 down, cac high er. it looks like most european equity markets are going to be on the front foot. let's wrap it up with a quick look at bund futures. the bund let spread will be something t