we share £71 billion in trade, making france the uk's the largest trading partner, and the uk, france's fifth largest. and this chick continues to thrive following the vote to leave the eu. airbus have today announced a multi—billion pound deal to provide emirates airlines with 36 passenger aircraft, parts of which will be built in both the uk and france, providing a boost to both our economies. and just down the road from here in farnborough, uk and french engineers are working side by side on the cutting edge high altitude surveillance drone. this collaboration and innovation ru ns this collaboration and innovation runs throughout our relationship and today we have agreed to strengthen big global competitiveness of our world —class big global competitiveness of our world—class researchers and innovators, deepening co—operation between our research. but this is about more than a balance sheet. president macron and i believe that eve ryo ne president macron and i believe that everyone in society deserves the same opportunities regardless of where they come from and we will use o

uk government and uk ministers to leave no stone unturned. they would, but you say no stone unturned, four pages looks like no effort expended. no, this is... i think you are referring to the final itc, where it is looking at the detriment to boeing. it is not about, it is not asking questions as to what the uk's involvement in that. so, the business secretary rejects the charge that the government didn't come in full force. labour's 0wen smith took a different view when shown the itc submission. what are your thoughts? that's all? the evidence you have provided today seems to bear out that they have been more concerned with the optics of looking to be doing a good job, defending jobs here in belfast, rather than doing so. if this government is prepared to stand by and see trump put america first, but theresa may not put britain first, not put uk jobs first, then i think legitimate questions will be asked about their fitness to remain in government. crucially, how does this play with the dup, who keep the government in power? if you feel that

uk. so we re future of calls without the uk. so were there any shots across the bow regarding brexit? adam fleming gives us regarding brexit? adam fleming gives us his take on the irish pm's speech. the new year means new thinking and the european parliament is holding a series of debates about the future of the eu with eu leaders. first up is the taoiseach, leo varadkar. he went to the parliament with references to your‘s big figures past and present and threw his support behind a pet project of many meps — european white candidates for the parliamentary elections. white candidates for the parliamentary electionslj white candidates for the parliamentary elections. i support a europewide list of the european parliament. i would like to get people in cafes in naples and restau ra nts people in cafes in naples and restaurants in galway talking about the same election choices. perhaps thatis the same election choices. perhaps that is an ambitious idea but i think it is one we should stri

i thought the uk die mentioned that the uk brought to europe improved europe. with the uk out, i don't think it is great, in my view, great for the uk and i don't think it is great for europe either, to be missing that ingredient. as a citizen of the world, in my view, and if i may indulge in some provincialism, my company stands by the open markman —— market and our commitment to the uk was good for the uk and for london. most of our european business was in a place where we do less tha n business was in a place where we do less than one third of our business echoes we keep everything in the uk and service the rest of the continent from that. we may or may not be able to do that. ‘s new arrangement is not so good for my company. it is less good for goldman sachs and for wealth creation in the world i think it is less good for the uk. as a british person, at the court, having to throw in and get instructions from and surrender some sovereignty, i am instructions from and surrender some sovereignty, iam not instructions from and surrender some sovereignty,

do you worry about the fragility of the uk government? fragility of the uk government? though clearly not keen to talk about it. about it. there to agree eu guidelines for transition negotiations. transition negotiations. stark contrast to what they know is going on in the uk. going on in the uk. relaxed about the transition period, at least. it is pretty clear. want a high degree of stability, we want the right to do deals outside. want the right to do deals outside. in terms of any subsequent legislation. it is pretty simple really. but is it? as his counterpart took to the podium in brussels. podium in brussels. were transferred the uk from rule maker to rule taker. maker to rule taker. what action can the uk government take? take? full access to the single market to provide stability to business. provide stability to business. from the single market, the uk has to accept our rules. to accept our rules. single market a la cart is not possible. la cart is not possible. enter into new trade deals with other countries. other countries. here are some more possible flash

the uk may want more time. freedom of movement — brussels insists eu citizens have the right to move to the uk and apply for permanent residency throughout the transition period. 0bserver status — the uk will have to pay into the eu budget during transition and observe all eu regulations, though it will no longer be a decision maker. in all the fraught brexit negotiations, this was supposed to be the easy part. after all, the uk requested a transition period from the eu. so the warning here now is if talks get too tricky over transition, that could eat into the precious time left under eu law to discuss eu—uk future trade relations before the uk leaves the bloc in march 2019. the message from here once again is the ball is in the uk's court. katya adler, bbc news, brussels. stay with us on bbc news. still to come: the state of the union's infrastructure. as president trump prepares to deliver his major speech, we size up the task of fixing america's bridges and roads. the shuttle challenger exploded soon

so of course the uk has much to offer. for those joining of course the uk has much to offer. for thosejoining us now, let's see those figures again. there is the imbalance, over £25 billion. we are a service driven economy here in the uk, and there is huge potential in china. is the financial services market going to open up more than it does the moment? there has already been regulation regulatory reform announced recently to allow in the banking sector more foreign banking associations and to the chinese market. so over 2018, will definitely see more concrete measures to allow more foreign players, including british players, and the financial markets.” players, including british players, and the financial markets. i was just wondering, we heard the chinese premier say today that china would have to adjust to the reality of brexit in its relationship with britain, and! brexit in its relationship with britain, and i was wondering from the standpoint of icbc, your bank, whether they see any status in —— any change in the status of london asa any change in the status of

it says the uk would have to accept thejurisdiction others. it says the uk would have to accept the jurisdiction of the european core of justice accept the jurisdiction of the european core ofjustice on disputes over data or privacy, as well as any dispute about the way the system functions. we all know the eu is a very legalistic institution and ultimately even if only indirectly the european court ofjustice might play a role, we might have a joint committee under the aegis of it, but ultimately we will not be able to escape the court if we want the same access escape the court if we want the same a ccess as escape the court if we want the same access as we have now. for all sides of the choices are looming. can the current red lines be overcome in the interest of shared security? and we are looking at the issue of security in relation to brexit all day here on bbc in relation to brexit all day here on bbc news. president trump has used his first state of the union address to call on republicans and democrats to work together to rebuild ameri

rule taker. what action can the uk government take? stability for business. market the uk has to accept our rules. single market a la carte is just not possible. into new trade deals with other countries. and there are more possible flash points. last a total of 21 months, the uk may want more time. throughout the transition period. longer be a decision maker. to be the easy part. after all, the uk requested a transition period from the eu. in march 2019. the message from here once again is the ball is in the uk's court. katya adler, bbc news, brussels. of some of its presenters will be published tomorrow. 0ur media editor amol rajan has some of the details. there is a number that has come out which have verified. which have verified. making sure people are paid within the right band. the right band. number but some —— involves a substantial cut for some. substantial cut for some. open the way itjudges the way people are paid. people are paid. the issue of equal pay is to some people very simple. pay is to some people very simple.

the uk change its mind about brexit. the uk government say that is not going to happen. what is the eu playing at? irish prime minister leo varadker throws his weight behind deeper eu integration after brexit, and spelt out his vision for the future reform of the block. we speak to one of his key allies. and the eis —— eu gets tough on plastic body shies away from a plastics tax. will its strategy work? all that to come and more. joining me is kate andrews of the london—based institute of economic affairs, and alex barker, brussels chief of the financial times. first, our guide alex barker, brussels chief of the financialtimes. first, our guide to the latest in europe in 60 seconds. big news this week as the eu declared war on plastic. the commission's new strategy aims to outlaw single use plastics by 2030. there was no mention of a previously mooted tax. the bulgarian prime minister presented his country's plans... it is the first time bulgaria has taken charge of the rotating post. the eu council president, donald tusk, got weepy about brexit, saying, our hearts

that is why, in the uk, i've put the development ofa in the uk, i've put the development of a modern industrial strategy at the heart of the government agenda. it's a new long—term approach to shaping a stronger and fairer economy, and it understands what government and business each bring to the table. because i understand the power of business as a force for good. i know that it is free and competitive markets that drive the innovation, creativity and risk—taking that have enabled so many of the great advances of our time. but i also understand the good that government can do, creating the conditions where successful businesses can emerge and grow, and helping them to invest in the future of our nation. so the message of our industrial strategy to the world is clear. britain will be one of the best places in the world in which to start and to grow a business. the strategy gets the fundamentals right. it drives a investment at a local and national level, and it equips people with these skills they need, and be skilled business needs, to be successful in a global economy. for, if

are there any businesses that will stand to gain once the uk leaves the single market >> the uk still needs to decide what it wants in terms of its fight pictu future relationship with the single market. how much access we will have, what the partnership will mean it's difficult to understand exactly what the future relationship will look like and who the winners might be >> one criticism we have heard repeatedly is that politicians don't understand the implications of their actions. how does that change >> well, politicians need to think more about the practicalities all of these discussions in terms of high-level policy and all these discussions of models, they don't mean much to businesses you'll find that many of your viewers will have been tuning out of all of these conversations. so, whilst next year unfortunately we still won't know as much detail as we would like, there does need to be more of a translation of the political language, so to speak, in terms of what it means for businesses making decisions, one-year, two years, three years down the line. >> why do you think busin

but, on friday, the uk's brexit secretary, david davis, insisted the uk would be free to sign its own trade deals during the transition period. simon usherwood is deputy director for uk in a changing europe. nice to see you. welcome. a phrase we will hear a lot over the next bidets is negotiating directives, isn't it? that will move us on to the next step. what is at stake? this is the second phase of the talks, the article 50 process of the uk leaving. we have talked about citizens rights and finances and northern ireland. now we are talking about the transition arrangements, the period until we can get a new relationship in place and getting a feel of what the new relationship might be. there are two dates which will affect all of this was whether it is 2018 or 2020 at which time the transition phase will have ended. there is a big debate about what happens when. it is about trade deals that need to be signed. and what rules need to be applied. what you are saying is that should look pretty much like membership except that the uk will not have a voice and a vote in most ago she asia

uk is mostly open for business. also for the technology. certain advanced technology china could not buy in continental europe could not buy in continental europe could get it from the uk. interesting. thank you drjie yu of your time this morning. we will keep a close eye. any announcement on news we will bring you on the bbc. now to talk about the other big event that has been going on in the last couple of hours. president trump set out what he say are the economic achievements of his administration in the so called state of the union address before the joint houses of congress. he said millions of newjobs had been created, and small business confidence was at an all time high. since the election, we have created 2.4 million newjobs, including... applause. including 200,000 newjobs in manufacturing alone. applause. after yea rs in manufacturing alone. applause. after years and years of wage stagnation, we are finally seen rising wages. when it came to the economy he very much stayed on message. yogita limaye joins from new york. you are l

a significant number of chinese students come to the uk. that is an important part of money coming in. it is things like that and some of the other businesses, long established relationships with china. she will build on that and i think the chinese will be open to that. we shall keep an eye on that and will talk about it later in business briefing. lawrence will delve deep into the media reaction. we are also discussing other stories in the news briefing. let's brief you on some of the other stories making the news. volkswagen has suspended a senior member of staff after an international outcry over experiments on monkeys that were funded by german carmakers. vw‘s chief lobbyist, thomas steg, admitted knowing in advance about the tests, during which diesel fumes were fed into an airtight chamber containing the animals. vw‘s chief executive, matthias mueller, called the experiments unethical and repulsive. in australia, the owners of a seaplane which crashed killing five british tourists and the canadian pilot say they cannot understand

brussels serves notice of no deal brexit for uk industry. say this is an interesting and probably frustrating strategy for brexit supporters in the uk. essentially what has been going on is the eu has been telling business leaders in a very wide array of industries ranging from pig breeders to drug makers that they need to be prepared for a no deal brexit. theresa may isn‘t doing this, this is the european union century speaking to sara gets in some sense here in the uk and telling them they need to be ready. this seems to indicate that the eu is much more prepared to negotiate than the uk is. it would seem prudent, wouldn't it, that british industry, farming, whatever, british society, is prepared for a possible no deal. yes, but the significance of this is that all through the negotiations so far we've been led to believe that the no deal brexit is almost a joke in the pack and our secret weapon here and if we deploy that europe will be completely befuddled. this is saying, no they won't. they know that's an option and they are preparing

the uk lobbies germany for help. plus: he was once hailed as india's richard branson, with an airline, a drinks empire, and a formula 1 team to his name. now, vijay mallya is fighting extradition from the uk over fraud allegations. we will get the latest from our team in mumbai. and on the markets, shares from sydney to shanghai are on the retreat after a stellar start to 2018. we start with brexit, and the future of britain's huge financial industry once it leaves the eu next year. today, uk chancellor philip hammond and brexit secretary david davis are in germany trying to win support for a favourable post—brexit trade deal, especially when it comes to financial services. the financial sector is the uk's biggest exporter, accounting for 10% of the entire economy and 2.2 million jobs. but the uk argues the city of london is also important for europe. mr hammond and mr davis will remind germany its firms need access to london's financial markets. the bosses of barclays, insurance giant aviva and goldman sachs inter

not only that, the financial services industry in the uk is 10% of the uk economy and the uk's largest exporter and tax generator. we know it is and incredibly part of the uk economy, for sure. we subsidise the rest of the country. i am sure many in manufacturing and elsewhere would demure. statistically we do. despite all that, how sure are you that the likes of philip hammond and david davis in germany will get us some sort of good trade deal or special arrangement for financial services? i have actually been out with philip hammond, i was hosting him i have actually been out with philip hammond, iwas hosting him in india and he is very good and passionate and he is very good and passionate and determined, flying the flag for the uk. the german press are saying there will be no special deals for there will be no special deals for the uk finance sector. there will be no special deals for the uk finance sectorlj there will be no special deals for the uk finance sector. i will tell you the problems i have with the german press, it is not really depressed, they are not the ones doing the

not until half past seven uk time. we will be down there at the bombardierfactory get we will be down there at the bombardier factory get the reaction from unions and workers as the news comes through. let‘s ta ke comes through. let‘s take a look at the weather now. how was the weekend shaping up? a bit ofa now. how was the weekend shaping up? a bit of a change in the way this weekend. today a brief ridge of high pressure means it is dry and bright but chilly. will continue to brighten up across the south—east we re brighten up across the south—east were reading a little bit more on the way of cloud. more reliable sunshine in the west. turning hazy for northern ireland in north—west scotland. not feeling warm with light winds. we go through this evening and overnight this weather front pushes them to the west. over in the east clearer skies. perhaps the odd patch of frost forming. the best of the brightness over in the south—east first thing tomorrow but that band available workers waste words. heavy burst

affected are 20,000 uk staff. the government has said all employees should keep coming to work, promising they will continue to get paid. there are 28,000 in the pension scheme, who may get lower pension scheme, who may get lower pension even though the pension protection fund will step in. customers, especially those using public services, have been told the government will keep funding going. and there is an impact on the creditors. shareholders and lenders likely to lose what they put in. carillion got involved in building the infrastructure for the 2022 world cup in qatar, and has had serious dispute over payments. ministers say they will not use taxpayers money to bail out a private sector company. but they will give the official receiver funds to maintain public services. it will be managed in an orderly fashion via the official receiver. that means we can continue to operate those key public services, hospitals, schools, prisons etc, without, i hope, much disruption. carillion company built the original bat

both a mile away from the uk. that is what the weather is not changing very much. mist and fog patches are dotted around. visibility down to 100 metres. the worst of this around somerset. northern ireland and over the hills and the high ground as well. the rest of the day, after cloudy start, brea ks rest of the day, after cloudy start, breaks in the cloud across wales, parts of south—west england and western scotland and northern ireland. here in eastern england cloud is stubborn. thick enough to occasionally get the odd spot of drizzle. friday evening, the first sign of change in the western areas. a band of rain in northern ireland, swinging into north and western wales and south england. to the east, same old story, cloud and misty with some clearer spots in scotland. temperatures above freezing. for the weekend, this band of rain will become slow—moving. if you find yourself stuck underneath, it might be raining for most of the day on saturday. to the east, greater chance of getting a few breaks. just as the breeze starts to pick upa breaks. just as the br

china is the eighth largest export market with the uk. trade between the two countries is estimated at 80 billion us dollars. what kind of deals are in store? i ask. the internationaltrade secretary cannot begin negotiating new trade deals while the uk remains, for the moment, a member of the eu. but, of course, brexit is the eu. but, of course, brexit is theissue the eu. but, of course, brexit is the issue that looms large over almost every piece of uk business at the moment. and we can be pretty sure liam fox will be trying at least to lay the foundations for a deal. what kind of things will they focus on? well, one area in particular the uk would like china to give a little bit more room on is access to the uk's service industries, things like banking, things like insurance, those kinds of things which traditionally have been very hard for european companies to gain access on. and i think we can expect talks when liam fox is here with his counterpart, the commerce minister in china, pushing to open the ground in that area in particular

the uk has prioritized the s status quo so the uk is drifting towards a soft brexit. i see a 45% chance of a semi-soft brexit, a canada plus plus deal. 5% chance of no brexit and 20% chance of a hard brexit, i think that adds up to 100. i would say the uk will see the growth rate fall to probably around 1.6%, 1.7% from 2% inside the e ushgeu it's not the end of the world but a terrible economic policy decision >> i find it interesting you have a 70% probability of a semi-soft brexit can theresa may survive if she pushes for that? >> notice how much the brexiteers have moved. it seems the closer david davis gets to the single market the more we realize the uk had a good deal in the first place what will probably happen is by name the uk will leave the eu. the brexiteers can pretend we're on the outside, te chey can tryo strike a deal, and the uk will benefit, saying they would leave, not left, and then they can trouble the germans and french >> shapes up for an interesting year thanks for joining us. >>> now, it is the first trading day of the year. let's look at marke

it's an important relationship to the uk. it may be even more significant after brexit, because it seems like the security cooperation with france will be a way for the uk to retain significant influence on the continent after brexit takes place >> you say it's an important relationship of course it is, but do you think these talk also have any bearings on how the brexit negotiations actually evolve from here? >> we understand from both governments there will be an update on brexit between these two leaders. of course emanuel macron during his campaign described it as a terrible, terrible mistake he's been hard lined before becoming president on britain's prospects on a trade deal that slig softened slightly, but both say there will be an update on the negotiations we heard they would look with kindness if the uk reversed calls on brexit. we also heard from junk their this was a catastrophe, a lose-lose for europe and britain, and if britain wanted to try to return to the fold of the european union that is something he would

but the bill is to strengthen uk security and uk borders, isn't it? in a sense, why shouldn't it be our bill? as it appears, we will find out more confirmation from the press conference, if we have agreed — we have put over £100 million into this in the last three years — if we've agreet greed to another £44 million and on top of that to take an as yet undetermined new number of migrants that seems we are giving too much in this relationship. these are two separate issues, aren't they? 0ne this relationship. these are two separate issues, aren't they? one is about strengthening security, most people would presumably agree with. 0ne people would presumably agree with. one can quibble about the amount of money. the issue of the migrants is something separate. as regards the migrants, if they are — if they have family ties in britain, shouldn't there be a presumption they should be allowed to come? if that is the presumption, goodness knows how many tens of thousands that could mean over the next couple of years. everybody at calais is there ille

and there's talk the uk may have bigger ambitions, tojoin a flagaship pacific trade pact. let's go to our asia business hub where rico hizon is following the story hgppy happy new year, sally! tell us what liam fox is after. he is willing china but there is talk of a broader deal? mr fox is indeed a busy on many trade fronts. it is his first work trip this year and it is a rather tricky job work trip this year and it is a rather trickyjob because nothing formal can be agreed before the uk leads the eu next year but he is keen to put a trade arrangement in place and is talking to china, the largest export market and trade between the countries is estimated at 80 billion us dollars. the secretary will be meeting with the chinese vice minister of congress as well as the chairman of a funding company. they tried to arrange a free trade arrangement for next year. self—driving cars seemed like science fiction not that long ago. but global auto giants are now racing ahead developing the technology. theo leggett hitched a ride on renault‘s concept car. if you have never done t

it makes it easierfor the uk. would have thought a year ago. it makes it easier for the uk. lord 0'neill makes it easier for the uk. lord o'neill speaking about those brighter than expected forecasts for the uk economy. markets will buy just those and will have the details a little later. —— markets will buy now, you might think owning a yacht is the reserve of the rich and famous. and you're probably right. the market for boats and yachts is soaring, and it's good news for british exports. the uk industry grew by 3.4% in the last financial year — that's the best result since the financial crisis and it's largely because of the fall in the value of the pound after brexit — it makes british made goods cheaper overseas, and means foreign sales rose by 4.7%. but what if you can't afford to buy an entire boat? well, maybe you could own part of one. one company — flexisail — buys boats and allows between seven and eight customers to buy a share of it for a fraction of the price. boss richard pierrepont has been speaking with kim gittleson and she asked him how he got

there are 700 other private finance initiatives in the uk. taxpayers are paying more than £10 billion a year for them, and the bills will keep rolling in until the 2040s. using private companies to deliver big public sector projects does involve some trade—offs. yes, they might be more expensive. yes, we could be paying the bills for decades ahead. but what do we get in return? we get schemes that are delivered more quickly. and for politicians ever worried about the general election that could be just ahead, that speed really matters. it mattered to them. tony blair and gordon brown turbo—charged the number of pfi contracts. there are fewer now, and scotland has changed the way it finances public sector projects. rohan silva advised david cameron on government delivery. the original thinking was to bring private sector investment, but also rigour and discipline, to the building of public sector projects. government wasn't so good at getting stuff built on time and on budget. the truth is, though, that this approach was really abused, pa

john coming to london or anywhere or else in the uk. -- mr trump. in the gulf news, a decision expected to be made in the next few hours about fresh sanctions on iran. this is about the nuclear deal donald trump has criticised. whether or not he says that the sanctions should continue or not. mr trump is expected, as the news reports, to extend waivers on nuclear sanctions on iran, reinforcing the existing deal but at the same time also asking congress and european partners to improve the deal otherwise the us could pull out and thatis otherwise the us could pull out and that is something expected to happen sometime today, it during the day. mrtrump has sometime today, it during the day. mr trump has been highly critical of the deal, saying it is the worst deal ever. he is also expected to release a new sanctions on several iranian officials in relation to corruption and human rights violation so i think it will remain an issue which is very tense work for europeans interested in keeping the deal in place as well as mr trump who has shown he is not

the uk intended exit gate. in the ensuing outrage had a compromised to say he would bring forward a separate bill implementing that exit deal and giving them a chance to go through it in detail. during detailed scrutiny of the withdrawal bill, a conservative foreign minister put down an amendment demanding that a meaningful vote. parliament he argued should have a safe on how we leave the eu. >> the aspect of the debate as far as i can see is as it progressed is how we so fixated that we failed completely to look at me in spirit we look at the top and we do not look at where we will put our foot next. the vote has got to take place before the british government has committed itself to the terms of the treaty light agreement that is -- >> the reality of the bill is that it would allow ministers to start implementing it withdrawal agreement entirely through legislation and would not allow ministers to do so even before parliament has endorsed withdrawal agreement. >> recovered from a situation where as members we

finally, as you highlighted in terms of the uk retail sales number that came out, uk households, they're running on vapor. incomes are declining. how are they sustaining that they're spending and drawing down on savings and increasing debt that's not sustainable what does that mean? you made the valid point, if you compare the pound against the euro, it's not looking so good do you expect more volatility in that currency this year? what's your forecast >> we do expect more volatility. we expect the euro to appreciate against sterling just because the fundamentals between the eurozone and the uk are moving in opposite directions we also have a bias against sterling more generally. we don't think you're getting compensated enough for the sterling credit. so there's opportunity there's, but generally speaking the premium is not enough to kind of go all in on sterling credit >> just a quick one, carillion has been in the news quite a lot. as a credit investor, are you seeing some of the repercussions from the carillion failure steepen to credit markets? is there nervousness around the constr

sales in the uk are up 22%. they put this down to a few factors including same—day delivery and a try before you buy policy. for clothes ? and a try before you buy policy. for clothes? yes, so you order it, it comes to you, and you send it back if you don't like it. i haven't done it myself. we have had such a strong run of growth, continuing to deliver double—digit growth every time they report their results. it's clear that their investors still see opportunity for the retailer, as it now has a higher market value than m&s, despite it having a much lower share of the clothing market. and a quick look at the markets. the whole discussion on currency is that the dollar is weak. the euro is rising in strength. sterling seems to be the strongest of the three of them at the moment. and brent crude is upfor them at the moment. and brent crude is up for the first time in three or four years. thank you very much. you're welcome. more in an hour. four years. thank you very much. you're welcome. more in an hourlj sh

lot of opposition since his plan became public that he would come to the uk this year. it seems now it is more about the un embassy being

after all, the uk requested a transition period from the eu. the uk leaves the block in march 2019. is now in the uk's court. to see the latest round of talks developed. developed. argued is a good thing for the uk and in its economic interests. and in its economic interests. is almost a good deal that we are offering you. offering you. those countries have outlined to him as the framework? as the framework? are the 27 remaining member states —— british negotiators. —— british negotiators. the best they can get and in effect he is doing them a favour. he is doing them a favour. that could affect the uk in that transition period? transition period? so it might not even matter. even matter. negotiating does go on about this transition period. transition period. stuff, the future relationship on trade and security and aviation. and broadcaster david davies. with mental health conditions. the overall bill could cost the government nearly £4 billion. 0ur social affairs correspondent michael buchanan is here. disability rights campaigners have always said this was unfair. always sai

donald tusk said he is still open to britain being a member of the uk, but urges the uk to be clearer about its message after brexit >> a survey by allianz shows the risk of regulatory changes and trade protectionism are significant concerns for uk firms, but cyberattacks are the top worry. >>> staying in europe, emanuel macron is heading to calais. later this week he'll meet with uk prime minister theresa may and the agenda is slightly contentious. back in 2003, the two countries signed a bilateral agreement that extended the french border into british territory, but the brexit vote has made that arrangement increasingly difficult now paris expects london to cover more of those migration costs. disagreements have become highly public. this is nothing new. >> the timing is contentious, in the context of the broader brexit negotiations for the french, to ask the uk to pay more for bodier patrol and take in more asylum seekers, it will be a contentious topic >> if you look over the history for the movement of brexit, immigration has been a key factor throughout, and the french here seem

the uk is still the laggard, though. businesses have been more hesitant about expanding, whereas elsewhere in the world confidence is much stronger and we have seen more business spending. manufacturing is a bright point, but atjust 10% of the uk economy it's not everything. the strength of britain overall will only become clear when the full set of figures are published at the end of the month. many economists believe they will now be more positive than expected. the chancellor philip hammond has said the european union should stop talking about "punishing" the uk over brexit. he'll make the warning in a speech in berlin tonight and kamaljoins me now. do you detect a more robust tone from the chancellor? i certainly do. 2018 will be very tight timetable for those european union negotiations. philip hammond, in this speech is certainly a change of tone. he supported remaining in the european union. he talks about it taking two to tango. the use should stop talking about punishing the uk over brexit. he is really saying,

if you ask me which of the countries we think would grow less in 2018, it's probably the uk of all the ten countries in europe and the mericas the slowdown is beginning to be felt you know, in terms of our bank, we are the most resilient bank, according to the bank of england stress test. i think we're well placed in a less favorable economic environment. on brexit, i'm an optimist i believe europe and the uk, it's in both interests to have a deal ta makes sense and helps sustainable and inclusive growth i have confidence in our leaders that they'll come to a good arrangement. >> and spain domestically. i have to ask about catalonia. we still don't know what will happen with carles puigdemont, and he's been encouraged to come back and form a government which will infuriate madrid. what do you think the challenges are for you negotiating this story? >> well, you know, we don't know what will happen we know what is not going to happen we're not going to have the same scenario as before spain has strong institutions. i think spain is stronger than before the crisis. it was a big crisis. w

there were huge part of the uk wrestling scene. but now wrestling has transcended into popow —— popular culture. it is big business. it is something we are doing really well with. what finding is that as more people get into wrestling, more people want to go to the events. that is where we come in. why do we need you to make that happen? don't most people do it all themselves, book a flight, get a ticket and a hotel room? it is a great question but there are so many different parts to put that wrestling package together. that is where we come in. it is the customer experience. we do things better. we go the extra mile for people. if you do it yourself you will save money. i would imagine most people think if ijust get online and find the flights etc, i will get a better deal? as a huge fan myself, when i was given tickets to wrestlemania, i thought, fantastic. i didn't realise how difficult it would be to get the hotel sorted, the flight sorted, because of how popular these events were. because we had this massive travel compan

once you have lived outside the uk for more than 15 years you don't get a vote in the uk elections. the uk is one of the few countries that denies its citizens that right. the second reason, which is a practical and more matter of fact reason, is the question of fact. as i said, the law, the treaties back in 1993 didn't provide for a country to exit. it came about in the subsequent lisbon treaty which introduced an article 20 whichle talked about the defined eu citizen. the question therefore is whether this is a tag along solely related to your nationality or whether it stands in isolation that you are an eu citizen. i have sympathy, like you i've lived out of the uk for more than 15 years i too was not allowed to vote in the referendum. don't we have to accept the referendum happened, the law changed and in democracies things changed. whether you like the changes or whether you don't, that's what happened? well, that's true. you can't deny that. the point being though that generally in english common law we have a situation in which laws are not retrospective when you've enjoyed s

there and people in the uk. thank you for yourtime, simon. there is and people in the uk. thank you for your time, simon. there is much more on the website and we will show you that later. let's take a look at some of the other stories making the news. sales of volkswagen cars rose to a new record last year thanks to rising demand in china and the americas. despite the emission cheating scandal. the company overtook toyota as the world's best selling carmaker in 2017. it's on track to retain that spot. the french dairy company lactalis says it will pay damages to the families affected by its contaminated infant formula. authorities reported that around 35 children became ill after consuming baby formula made by the company. more than 12 million boxes of powdered baby milk have now been recalled in 83 countries. japanese tech giant softbank is planning to list its mobile phone business in tokyo and overseas, according to the nikkei newspaper. if it goes ahead, the listing would be one ofjapan‘s biggest ever initial public offerings. a floor has collapsed at the stock exch

quite a ferocious night across the uk. 0ne what's the latest? quite a ferocious night across the uk. one good thing from storm eleanor, it was a night—time feature so the impacts have been more limited given the amount of trees we have seen down. we have seen winds gusting up to 100mph across some parts of the country and the top of the pennines. winds in northern ireland, 90mph, but towards southern parts of wales, in around the likes of swansea and to the south of england, in dorset, we saw winds gusting over 80mph in one or two spots. so that's had a big impact through today as well. the winds are only part of the story. the other night we had a full moon. the tides are high. we have seen minorflooding moon. the tides are high. we have seen minor flooding across some western coasts as well which again, is still ongoing at the moment. quite a lot of hail in places? yes, it is as the storm departed, the centre of the storm was across northern ireland and that's tracked its way eastwards towards the north sea, but it has

but on friday the uk's brexit secretary david davis insisted the uk would be free to sign its own trade deals during the transition period. we are hoping to go live to brussels to getan we are hoping to go live to brussels to get an expert view on all of this, hopefully in a couple of minutes we will be able to do that. in the meantime, let us talk to about artificial intelligence, augmented reality, and robotics. technology is proving a game changer for many industries — and that includes in the classroom. there has been a growing awareness that schools need to revamp, to give today's students the digital skills they'll need in the future. and, there's big money in it too. this education dollar has brought almost a thousand edtech companies here to london. they've come from over 130 countries to showcase their wares. our reporter katie silver went along to take a look. if you look down you should be able to see the magma on the ground. going inside a volcano... to new york, or even a trip to space, all without ever leaving the classroom. virtual reality, they tell me, is the future o

if you can manage it, the uk has a problem. it is giving up the biggest trading area in the world and does not have anything else. would this be the next best trading partner? if they could get in the door this would be the next option. the problem is that the tpp is not signed and it would take probably five years, even if the 11 members wa nted five years, even if the 11 members wanted to have britain, it would ta ke wanted to have britain, it would take a long time with a lot of barriers. theoretically, if the uk becomes part of the tpp there is a potential upside because according to the numbers, all the 11 tpp countries combined account for less than 8% of the uk's export market with japan accounting forjust than 8% of the uk's export market with japan accounting for just 1.6%. there is no huge upside for britain. it is much smaller than the european free trade area but it may not be a bad idea. the idea is that the tpp would get bigger. career, colombia, they want america back as well. after this agreement is signed with

i was in business in the uk in textiles. in russia with steel and oil, and in america with pharmaceutical industries. i am not talking completely with no knowledge of what it takes to export. and a fair point. but i wonder if you are reading what those outside britain looking in are saying — especially key trading partners which the british government says they will reach out to extract deals with. this is what they say. china, beijing's state—run global times... when philip hammond went there just before christmas, they said that "uncertainty over the future position of the uk in global trade in financial markets will inevitably have affected the investment and cooperation plans of chinese companies in the uk." india, the high commissioner, no less of india in the uk has said that britain will have to accept higher levels of immigration from india if it is to have any hope of signing a free—trade deal with india after brexit. this is the reality. if they are skilled people coming in to filljobs in high—quality areas

public expend tower in the uk is £800 billion. the worrying thing about the national audit office report is it shows that government is concerned about having investment off the government balance sheet. we have had successful reform in the way in which government departments and bodies do their accounts and report but in terms of national accounts, used for fiscal policy and control, the treasury is concerned about making sure that a part of public investment is off balance sheet and does not count towards fiscal targets. but isn't that fair enough? if you, you would not pay upfront for a house. there is an understanding thatis house. there is an understanding that is certain expend tower happens over a period of time. is that not what the government is doing? no. it doesn't pay for things up front in that sense. it is accepted in go finances that government can borrow

so there is a disconnect between what the uk wants and what some countries outside of the uk are looking at now >> a quick look at u.s. futures. we can see a positive open for the dow jones, s&p 500, and the nasdaq that is it for me in london and akiko in davos "worldwide exchange" coming up next >>> the rally rolls on itse u.s. equity futures pointing to another record high. >>> jay powell will officially succeed janet yellen as fed chair. >>> and we'll tell you what steve mnuchin and wilbur ross are telling reporters on the ground in davos. it's january 24, 2018. "worldwide exchange" begins right now. ♪ >>> goodni

we are about 68.1 songs were streamed in the uk alone. that's almost like every single person in the uk streaming music continuously for three days, but video games, tv and film also saw an increase. and a chef receives death threats online after claims she deliberately prepared a non—vegan dish for a vegan customer. good morning and welcome to bbc news. storm eleanor has swept across the uk, causing flooding, damage to homes and disruption to motorists. gusts of up to 100mph were reported in the pennines and hundreds of homes across northern ireland, wales, the midlands and south west england are without power. jon donnison reports. as storm eleanor whipped in from the atlantic, the republic of ireland was the first to take a pounding. in galway, there's been severe flooding. some, though, still prepared to take their chances. in the uk, the met office issued an amber weather warning for parts of the country. this is anglesey in wales. waves driven by winds gusting up to 80mph. horizontal hail was what greeted anyone foolish enough to

donald trump coming to the uk, yes, yea rs. donald trump coming to the uk, yes, years. i spoke a while ago to the us ambassador in london, saying that yes, he is, and it sounds as if it will happen now. yesterday, theresa may and donald trump had a conversation about a number of things. he did not come to open the new us embassy in the uk recently for a number of reasons, he said that he was not happy with that is one thing. there seems to be a love bomb mission going on by donald trump in davos at the moment, he is proclaiming peace, love and goodwill very sort of 1970s style to everyone at the moment. he is sharing how much love he has for the united kingdom, it sounds like this will not be a state visit, it will be more like a working visit, a kind of working lunch. with the queen involved. with the queen involved. 0ne involved. with the queen involved. one of those deciding, negotiating factors. yes. i guess the details will be worked out but it does seem that it would happen around july because president trump is due to visit a nato summit in brussels around that t

it is due to the position of the uk. it is due to the position of the jet stream, the winds moving their way northwards and southwards. for the surfaced wind, what we feel, we change from northerly to a south—westerly and back to a northerly, as the pattern moves across the atlantic. where we have northerly wind all south—westerly wind meaning more cloud and a chance of rain, but also much milder. goodbye. tonight at ten, president trump stands by his "america first" policies for trade but insists the us is still open for business. he told his audience of international finance leaders that a booming us would benefit everyone. america first does not mean america alone. when the united states grows, so does the world. but a blow tonight to america first — us proposals for massive new tariffs on imported bombardier planes part—made in belfast are blocked. if the vote had gone the other way, it would have been devastating. it would have been devastating for the 4000 directly employed workers, for the 20,000 in the su