this is bbc news. i'm simon mccoy. the headlines at three. 17 asian men who groomed vulnerable girls and young women in the north—east have been convicted of rape, trafficking and conspiracy to incite prostitution. i woke up in the morning and the wardrobe was pushed up against the door. he had sex with us when i was asleep. in the sessions had you been to? about 60. the us defends donald trump's "fire and fury" message to north korea, saying the president had to use language the regime would understand. french police shoot and arrest a man suspected of being behind an attack on soldiers near paris. an 83—year—old who was killed walking his dog in woodland near east harling has been named by police as peter wrighton. his family says he was "a lovely, gentle husband, dad and grandfather". the police officer leading the hunt for a jogger who knocked a pedestrian into a bus lane says there has been a huge response to their appeal for help. it's exactly 10 years since the start of the biggest financial crisis since the depression — we ask

whether lessons have been learnt. has the isle of skye become a victim of its own beauty? the island is struggling to cope, as tourism reaches record numbers. good afternoon and welcome to bbc news. 17 men and one woman have been found guilty of sexual exploitation and drugs offences in the north of england. the convictions are in connection to a major investigation into sexual abuse and grooming. as pa rt of as part of the operation, police

paid a convicted child rapist almost £10,000 to act as informant. our correspondent fiona trott is in newcastle for us. there have been two years of trials at newcastle crown court and now those verdicts have finally been returned we can tell you all about the sexual exploitation northumbria police have uncovered in this city. between 2010 and 2014, men, predominantly indian, pakistani, anchor dishy origin, targeted vulnerable girls and women. —— bangladeshi origin. they invited them to sessions and gave them drink and drugs, so many drugs that some of the victims couldn't defend themselves or they became so addicted that they would do anything to get more mcat. let me explain some of the verdicts. a 20—year—old, a man who was already on the sex offenders register, was found guilty

offenders register, was found guilty of conspiracy to traffic for sexual exploitation and drugs offences. the court heard how he gave a girl is flat keys knowing she was 15. i thought you'd be rolled —— a 35—year—old has been found guilty of rape, child offences and trafficking offences. he found one victim on the streets of newcastle and offered her shelter in his home. he said she could stay at his house rent free and only use the back door and not tell she was there. a 37—year—old has been found guilty of drugs offences and allowing his gnome —— his home to be allowed for party sessions, and a 34—year—old pleaded guilty to drug offences and allowing his house to be used for sessions. another person found guilty of being proud guilty to incite... they work with other men to groom victims for sex. this is typical of what we have

heard in these trials over the past two years, but they are just one pa rt two years, but they are just one part of operation sanctuary, which has been running since 2013 and still continues today. the 18 people guilty at newcastle crown court were arrested following a series of raids in the city. guilty of causing girls and women serious harm, caught as part of operation sanctuary, one of the biggest sexual exploitation investigations in the north of england. one 17—year—old says she was raped at a party session organised by local men. it's a familiar story. i woke up in the morning. the wardrobe was pushed up against the door. her police interview was played to the court. to protect her identity, we've asked jurors to read what the jury saw. —— we asked actors. he had had sex while i was asleep. still now, i'm confused about it. how did you feel when you were told he had done that to you? dirty, confused. how many sessions had you been to? about 60.

22 complainants came forward in this case. they were from all walks of life. two had been in care. one had been a college student. they were all vulnerable in their own way, whether it was their age, one was just 14, or they had difficulties at home. most of them were approached here in the west end of the city. an older man would pull up in an expensive car and offer them drink and drugs, or invite them to a party. this was one party house the police raided. behind these doors, teenage girls were given as many drugs as they wanted and were victimised by older men. for this man, it'sjudgment day. he's on his way to court. later, he is found guilty of drugs offences. operation sanctuary started in 2013. it's been a long and complex investigation. controversially, officers recruited a convicted child rapist as an informant.

he was paid around £10,000. i get that this is difficult for people. many will look at that and say it is morally repugnant that the police would pay somebody in those circumstances, a convicted child sex offender, for information. this is the world we have to enter into. it's shadowy, it's murky, it's full of risks. what i can say is this. the prize that we are seeking and that we gained in this case is that the information gathered from that individual has put dangerous men behind bars. most of the perpetrators were from pakistani, indian and bangladeshi backgrounds. this city councillor says leaders from all faiths could re—educate some local men to stop similar exploitation in the future. people should not be telling the asian community how to live their lives. it's like saying to the white community that we should be talking about whatjimmy savile did.

we should not do that. however, there is a huge opportunity to talk about these issues on a regular basis about the rights of women. it is important to use religion, particularly islam, to educate some of these people. seven years after the conspiracies began, those who thought it was acceptable to exploit vulnerable girls and women are now awaiting sentence. that sentencing is due to take place next month. i can tell you that four people have already been sentenced. one of them, a man, was jailed for ten yea rs one of them, a man, was jailed for ten years after he raped a 16—year—old girl. you also heard in that report that some of the victims we re that report that some of the victims were in care, one was trafficked from a children's home. ajoint serious case review is being carried out and involves social services from both newcastle and

northumberland city council, and a report is due at the end of the year. in the meantime, let me read you a statement from the cps. they said, these prosecutions would not have been possible without the bravery shown by the victims and the courage they showed in giving their evidence of what happened to them. the impact of the abuse these young women suffered has been propelled, but i hope these convictions can offer them some comfort and help them move forward. —— the impact to them move forward. —— the impact to the abuse has been profound. an 83—year—old from banham near east harling who was murdered at the weekend has been described as "a lovely, gentle husband, dad and grandfather. " peter wrighton was stabbed in the head and neck, while walking his dogs in woodland last sunday. detectives still believe that the public may hold the key to finding the killer. our correspondent matt cole is near east harling in norfolk. police clearly still appealing for

witnesses. yes, very much so. the police say they are certain that the people who live in the area about three miles south of east harling, at the site that the body of peter whiten, the 83—year—old was found, about three quarters of a mile down there, and the police think that the people who live in the area hold the best chance of finding out details of who or what and how this came to ta ke of who or what and how this came to take place. they have been asking people to search their bins, because the weapon has been found from the sta b the weapon has been found from the stab wounds that peter wrighton died from in the head and the neck. they have asked people to also supply any cctv footage, any dash cam footage from their vehicles between 6am and the evening on saturday, when this took place, in the hope maybe something can be spotted in there. in the meantime today, we know peter wrighton's name and that he was a retired british telecom worker. he

retired british telecom worker. he retired to this area about 30 years ago with his wife, and they were married for about 59 years. she in a statement today praised his kind nature and said he had a love of walking his dogs and passing the time of day, chatting to people, and he said that people seemed to like him. she can't imagine why anyone would have wanted to do this to him, and she is saying anybody giving a information forward in the hope they may find out soon how and why this happened. the issue of a motive is central to the enquiry. absolutely, this was a man who left his home in the village of banham about five miles from here about 9am on saturday and he never came home. he went walking with his two dogs. we know that a member of the public walking their found his know that a member of the public walking theirfound his body know that a member of the public walking their found his body at about10:45am, walking their found his body at about 10:45am, alerted the emergency services, but as to why anybody, his family certainly, they seem to not be able to think of anybody, any

reason as to why anybody would want to harm this kind and gentle man. thank you very much. french security forces say they've shot and arrested a man, suspected of driving into a group of soldiers in western paris this morning. the incident happened in levallois—perret, north—west of the capital, close to the soldiers' barracks. the local mayor says he has no doubt it was a deliberate act. daniela relph reports. the immediate aftermath of the attack, the emergency services at the scene helping the injured. all of them soldiers, targeted as they left their barracks. the incident happened just after eight o'clock this morning in a suburb in the north—west of paris. it's believed the car was parked in an alley nearby. it then accelerated towards a group of six soldiers as they walked out of their barracks in levallois—perret. one local resident said they see soldiers around all the time. she told reporters it was a popular area forfamilies, but luckily, none

of them were around this morning. the driver sped off after the attack but, after a huge police operation, security forces have arrested a suspect. he was shot and detained on a motorway north of paris. it's believed he was driving the car used in the attack. translation: this attack proves that the terror threat is still present, which requires more and more vigilance and this counterterrorism operation, which is essential. the soldiers were part of the heightened counterterrorism operation, following the high number of attacks in france in recent years. in 2015, militants targeted offices of the satirical magazine charlie hebdo, killing 12 people. later that year, 130 people were killed in the attacks on paris.

on bastille day last year, a truck was driven through a crowd on the nice promenade. 86 people died. there have also been other lower—level incidents, many aimed at the security sources. today's events, yet another attack on those trying to protect france. the local mayor is described it as incomprehensible and odious. the united states and north korea are being urged to show restraint, after a growing war of words between the two nations. last night president trump said threats from pyongyang would be met with fire, fury and power. the communist state says it's considering a missile strike on the us territory of guam — the us secretary of state rex tillerson has just arrived on the island. guam is a small island in the pacific ocean, where us strategic bombers are based.

in the past hour, president trump has reaffirmed america's military power, boasting about the country's nuclear arsenal. the president tweeted again, saying: "hopefully we will never have to use this power, but there will never be a time that we are not the most powerful nation in the world." we'll have the latest from korea in a moment, but first this report on the increasing tension, from tom burridge. us military exercises on guam. this was earlier in the summer. with several thousand american troops based here and us bombers, north korea has chosen to pinpoint this tiny american island as a potential target. north korean state tv said its armed forces are considering hitting guam and the american airbase there with medium to long—range ballistic missiles. it came after an uptick in rhetoric from president trump last night. it will be met with fire, fury and frankly power,

the likes of which this world has never seen before. thank you. north korea threatens... few us presidents have used such incendiary language against another nation. it echoes president truman's warning to japan when he announced an atomic bomb had fallen on hiroshima during world war ii. if they do not accept our terms they may expect a reign of fire from the air the like of which has never been seen on this earth. but the us secretary of state, who has just arrived in guam, said the president's language was deliberately tough. he is sending a strong message to north korea in language that kim jong—un will understand because he does not seem to understand diplomatic language. the president wanted to be clear to the north korean regime that the us has an unquestionable ability to defend itself and its allies and it is important that he delivers that message before

any escalation on their part. guam sits right out in the pacific ocean. it is closer to asia and both south and north korea than it is to the us mainland. on tv in guam the threat is portrayed as real, but the people there are calm. i am not nervous, i am confident in our military capability. the first thing that comes to mind immediately is my family, to come up with a plan if anything happens. the stakes do not come higher than nuclear war. even now after north korea's nuclear missiles test, few see that as an imminent risk, but the cost of potential warfare for the korean peninsula and the region would be high. our correspondent jane o'brien

is in washington — she explained that mr trump had previously said pyongyang wouldn't be able to develop such weapons during his presidency. his military generals have said that this is an unacceptable option for president trump, which is why washington and the rest of the world was pretty rattled by his fire and few read comments yesterday. then, we have had this clarification from rex tillerson, who landed in guam on a refuelling stop, taking advantage of being there to make these comments, saying that the president was right to make the comments ozzy was right to make the comments ozzy was talking in language that the north koreans could understand, that diplomatic language was not getting through, and he was simply talking about the us‘s unquestionably ability to defend itself. but he also said that he believes diplomacy isn't dead and he believes it is working, witnessed by the sanctions

that were imposed unanimously by the un at the weekend. the long—term goal of that diplomacy, both sanctions and the ratcheting up of pressure, is to bring north korea to dialogue. the difficulty is, of course, in kimjong—un and president trump himself, you have two unpredictable people, on the face of it. not on the face of it. i think we have seen increasingly that they are unpredictable. donald trump has also shown a willingness to use force in syria and afghanistan, where he dropped, he authorised the use of the largest non—nuclear weapon in america's arsenal. he clearly believes force is an option. his advisers in the administration believe it's the last option, and it's not a good one for the four reasons which have been articulated before. —— for reasons which have been articulated. but where does the us go from here? rex tillerson says it has to be diplomacy, but wilmot

career listen? the key to that is china, more pressure being put on china, more pressure being put on china by the us. —— but will north korea listen. donald trump's comments have seemed to be directed at china as much as north korea, warning that the us is prepared to ta ke warning that the us is prepared to take action. joining me now is matthew cottee, research associate in nonproliferation and nuclear policy at the international institute for strategic studies. in the time it took to say that, things have ratcheted up still further. is this still a war of words or is it something more worrying? i think it's still a war of words at this stage. inflammatory rhetoric isn't helping the situation, but both sides still understand that any kind of military conflict is of no interest to anyone whatsoever. you say that, but the trouble is, in kimjong—un and president trump, these statements have a habit of possibly becoming fa ct. have a habit of possibly becoming fact. this is the concern, that this

rhetoric or the war of words all the bluster, that it could lead to some kind of misunderstanding, some misperception on both sides. kim jong—un could face some kind of military attack and would maybe decide to pre—empt that foot on the other side, criticism trump's rhetoric being empty may prompt him to try to prove his worth. intelligence leaks suggesting north korea is hold of a nuclear capable weapon. it doesn't matter if they have only happened, we will not know for sure unless you find it. true. a lot of us working in the field have assumed that these capabilities have existed for some time. the fact that they have now been confirmed by both they have now been confirmed by both the defence intelligence agency in the defence intelligence agency in the us and a japanese white paper doesn't make a huge amount of difference. i think we are aware that, if there were any kind of attack on north korea, they would be able to respond with some kind of

nuclear capability. the fact that it's now been confirmed and of a long—range will concern the us but it doesn't change too much of a strategic calculus. while the world watches and worries, what's the real pressure? it's on china? china is obviously key, in terms of new sanctions that have been passed. china remains a key player in trying to enforce those sanctions and implement them. really, it comes down to some kind of dialogue between the us and north korea. both seek each other as the direct enemy, and so dialogue must be the stage they tried to get to. at the moment, it looks like it has never looked more unlikely. this is the main concern. realistically, idon't think north korea will want to engage in any kind of dialogue until it has what it feels is a reliable and operational into ballistic

missile. intelligence suggests a habit and missile. intelligence suggests a habitand are missile. intelligence suggests a habit and are working towards it. once they have it and feel co mforta ble once they have it and feel comfortable with it, i think that is when dialogue will begin. the difficulty is that the intelligence coming out of north korea, it's easy for them to see what america thinks, they just follow twitter. true, but basing your policy on president trump's tweeds may not be the best option on the issue is that there is no coherent message from the us administration thought we saw the statement about fire and fury, which almost directly conflicts with rex tillerson's comments last week, saying the us is not the enemy, we wa nt to saying the us is not the enemy, we want to engage, you shouldn't fear regime change and then we see the fire and fury quotes from president trump, undermining all that. thank you. just bringing you an update on the breaking story that more than a

dozen men have been convicted of sexually assaulting girls and young women in the north—east of england over several yea rs. women in the north—east of england over several years. this is the operation which was carried out over four years, the men mainly in their 30s and 40s, convicted of offences including rape, sexual assault and drug offences. part of the enquiry involved a payment of £10,000 from police to a convicted child abuser, but we have just heard a statement from the nspcc, their lead expert on tackling child sexual abuse, who will be speaking to them and they say, are appalled to learn that police paid a child rapist and planted him in the midst of vulnerable young girls. he said, you couldn't pick it up, it beggars belief that it would ever have been considered, let alone approved, and serious questions must be asked about the fourth‘s approach. during fiona trott‘s report, we heard from the chief constable, who said the payment was justified because the chief constable, who said the payment wasjustified because it led

to arrests which have led to today's ability to report on these convictions. several court cases over several yea rs, convictions. several court cases over several years, and reporting restrictions were lifted in the last hour. we are only now hearing about the fallout from operation sanctuary. we will be talking to john brown from the nspcc later. crown prosecution service has also given its reaction. many of those convicted during the course of these trials have systematically been groomed and abused vulnerable teenage girls and young women over a number of years, for their own sexual gratification. others were not directly involved in that abuse and facilitated both offences. despite the abuses, they have suffered, the teams have demonstrated great bravery in recounting their own distressing experiences in court. with their

assistance, the cps has successfully secured convictions against a team of offenders. we are aware of the profound impact that these offences have had on the young girls at the centre of this operation, and it is our sincere hope that they will draw some comfort from the convictions. through their courageous actions, they may well have prevented other vulnerable women and girls from falling victim to this group. i would also like to praise those who have devoted themselves to the case over the past three years. the protection of vulnerable people is a central concern of all of those working in this criminaljustice system, and the police officers and officers involved have worked extremely hard to ensure that those responsible for these terrible abuses were brought to justice. that wasjim hope abuses were brought to justice. that was jim hope from abuses were brought to justice. that wasjim hope from the cps. five men

have appeared before magistrates in warrington. five men, including former senior police officers, have arrived in court for the first time, to face charges in connection with the hillsborough disaster. peter metcalf pictured third from the left here arrived earlier today. he, along with norman bettison, graham mackrell, alan foster and donald denton will all appear at warrington magistrates‘ court. they will next appear before preston crown court alongside david duckenfield next month. with its rugged mountains and pristine locks, it's no surprise that the island of skye attracts tourists, but it is now so popular that it services are being stretched to the limit and billy scotland is wa nt to the limit and billy scotland is want visitors to plan ahead. skye has a unique and stunning combination of rivers, mountains, and sea loughs. but now under it's under increasing pressure from drive—through tourism. some of skye's most stunning

locations are victims of their own success. suffering increasing road and path erosion, but still visitors are drawn to them. what do you think of what you've seen so far? it's beautiful. i mean, just the landscape, the colours are beautiful. something you don't see anywhere else. i didn't imagine it was so many people, but yeah, i think we were quite surprised by that. but you know, you have the vast landscape and you know, you just walk and you have your space. so, yeah. not so much space on skye's single—track roads. incidents like this are surprisingly common. and more people are coming to skye because they've seen it on film. the problem at the moment is the car parking. disposal of waste.

and yeah, people come to where the films were made, jump out of the car or the coach, take a quick picture, and gone again. and you know, nothing coming into the island economy from some of these big companies. who wouldn't want to come to skye to be surrounded by natural beauty like this? but it's clear that the pressures are growing and some people on the island believe that they need to be solutions, sooner rather than later. the biggest challenge is the single—track roads... shirley spear runs one of skye's most famous restaurants. she's also setting up an organisation which will pitch for government grants to improve the island's infrastructure. we need the scottish government to get right behind tourism, which is now recognised as being a major economic driver for the country of scotland. we need to get them onside and perhaps supporting us with extra funding for the development of tourism as an industry. other people suggest a tourism tax.

or even making all or part of the island a national park. but the consensus is that there should be action soon. now the weather forecast. it is one of those days where the sort of weather you get depends on where you are. a lot of rain still to come across east anglia and the south—east with the potential for localised flooding. some transport disruption. but a much better, drier story north and west and, through the night, the rain clears away from all but the far south—east of kent. with clear skies overnight, there could be the odd mistake and it will turn quite chilly, particularly in the rural. tomorrow, quite a cool

but bright start. across the south—eastern corner, a much drier day in prospect. dry conditions across the majority of the country. just a bit of patchy rain in the far north and north—west of scotland. some cloud floating around at times. temperatures of 16 to 22, not feeling too bad in light winds. more rain spreading from the west on friday, but the weekend should be largely dry with sunny spells. hello, this is bbc news. the headlines: 17 asian men and a woman who groomed girls and young women for sex in newcastle have been convicted of crimes including rape, trafficking and conspiracy to incite prostitution. the us secretary of state, rex tillerson, says president trump threatened north korea with "fire and fury" because he wanted to send a strong message the regime would understand. the us has the unquestionable ability to defend itself, will defend itself and it's allies and i think it was important that he deliver that message

to avoid any miscalculation on their part. french police have shot and arrested a man suspected of being behind an attack on a group of soldiers on patrol in paris. police name the 83—year—old man killed walking his dog in norfolk as peter wrighton. his family says he was "a lovely, gentle husband, dad and grandfather". now, let's get the sport. good afternoon. we're starting this hour with more on that developing story from the world athletics championships about an outbreak of norovirus and how it's stuck big name athletes like issac makwala. our sports reporter olly foster is at the london stadium for us. olly this story just doesn't seem to be dying down does it? certainly not. we have heard from issac makwala again this morning.

we'll play you a bit of the interview this morning because he feels he has been singled out because he is not a big enough name and his daily—macro other athletes would have got away with being slightly unwell. but the iaaf said they had no option to isolate him and put him in quarantine. although he tried to get in last night for his 400 metres. he showed symptoms of the narrow virus which started on the eve of the championships. the germans were affected. they held a news co nfe re nce germans were affected. they held a news conference saying they followed the protocols that had been laid down. one of their athletes, the triplejumper who down. one of their athletes, the triple jumper who collapsed, we thought it was because of this illness. she completed the next day. so we thought, that is not a 48 hour isolation but they say she did not show any symptoms of the narrow virus. but certainly issac makwala

is very upset this morning and he spoke to us this morning. if this thing had happened to mo farah now, don't think they wouldn't allow him to run. mo farah can get better for him. even usain bolt or even wayne rooney, if it happened like this. he is a big guy and british. mo farah will be in action later? he will, the heats of the 5,000m, there are two, hejust has to finish in the top five. but shouldn't be a problem. will be interesting to see how he reacts after the extraordinary 10,000 metre race we saw on the opening night. he said it was the toughest of his life and his legs have neverfelt said it was the toughest of his life and his legs have never felt so said it was the toughest of his life and his legs have neverfelt so bad. he was spiked and bleeding, but

hopefully he has rested up and had medical treatment. he will be one of the highlights for the british crowd. there are three gold medals and we could see a clean sweep from the americans in the women's shot put. michelle carter and the 400 metres hurdles final. and allyson felix. it should be one, two and three for the americans. keeping an eye on the qualification for the women's long jumps. shara proctor, the british jumper got a silver medal in beijing and she is qualifying tonight as well. lots to look forward to, thank you very much. the women's rugby world cup has started today in dublin. defending champions england are in action against spain, and they're making an excellent start to the tournament scoring four tries in the first half — kay wilson with a hat—trick inside half an hour. they've ran in a further three tries in the second half with emily scarratt touching down after only being on the field two minutes.

england currently lead 51—5 with ten minutes to go. wales have a match against new zealand and they have conceded four tries in the first half and are trailing 20 points. and finally, the football association has announced it will bid to host the 2021 european women's championship. the bidding process for the tournament begins in september with a final decision due next year. england were knocked out of this year's tournament at the semifinal stage by hosts the netherlands. that's all sport for now. i'll have more in the next hour. thank you very much. we've been asking for your questions to put to our business editor, simonjack, about the financial crash. today marks the tenth anniversary of the start of the biggest financial crash since the great depression. with me is their business editor simonjack. you were very much involved, well

you didn't cause it, but you were reporting on it. explain, because it was ten years ago, pretty much now things were seriously wrong? what happens ten years ago today, a french bank announced in a technical press release it was shutting down three of its funds. it said we cannot sell the stuff if we try because we have no idea what it's worth. the stuff it had in these funds was bundles and bundles of us mortgages, which everybody thought was incredibly, you know, credit worthy. the fact they decided they couldn't get a price so they had to shut the funds. i worked in banking many years ago and at the time i thought, that doesn't look good. sure enough, that was the canary in the coal mine but said there was a deep—seated problem. we knew there we re deep—seated problem. we knew there

were risky problems with mortgages in the us, but because what people didn't realise because they had been bundled up and sold around the world, it punched holes in the balance sheets of banks around the world. it was the first tremor of a full—blown financial earthquake. world. it was the first tremor of a full-blown financial earthquake. and the question, has anybody paid a price for it, why aren't there stricter penalties for gross financial mismanagement, in iceland, bankers were jailed? yes, that is true. there are couple of differences between the uk and iceland. in the offences they were accused of what borrowing from the bank to increase funds in the same bank. rbs, fred goodwin, the people ask shouldn't he have faced stern penalties. greedy, risk averse, or

should i say non—risk averse. they are not actual crimes. you can say, you should've known better, but did he commita you should've known better, but did he commit a criminal offence? it was looked into, no. did he take too much risk? maybe he did. lots of people were complicit, risky lending. maybe some blame on borrowers who were borrowing money they couldn't repay, maybe they were borrowing risky mortgages for 125% of the value of their homes. if you look throughout the system there we re look throughout the system there were bits of blame to be apportioned everywhere. it was a system that was very short—sighted. everywhere. it was a system that was very short-sighted. it was very good of us to bail them out? very short-sighted. it was very good of us to bailthem out? in iceland, they let the banks go bust and jailed the bankers. we put billions into our banks. the other thing is, rbs was the biggest bank in the world at the time. the icelandic banks were pretty small. if we had let rbs though, it would have taken

the financial system down with it. too big to fail, remember that from the town. this text, the crunch became apparent in 2007 with northern rock, widened the regulators do anything until the bailouts a year later? that is a good question. in september 2007, northern rock got into trouble. it was one of these situations where people weren't quite sure just how big the problem was. it was a florida problem, what northern rock was doing was lending people lots of money, but not out of the deposits they had from their savers. they we re they had from their savers. they were renting money from third parties to lend on ad very aggressive rates. theirs was quite a racy lending model, maybe it was just them. bit by bit, the chancellor of the exchequer at the time was talking to the bb c.

alistair darling, he was interrupted ina alistair darling, he was interrupted in a meeting by the chairman of rbs and he said, we are in terrible trouble and haemorrhaging money. he said, we have a plan for this thing, how long have you got? and he said, we have until the afternoon. he said that shook the core. we were talking to robert peston our business editor and they were queueing up outside northern rock to get their money out. that became the visible sign, people sensed their money was at risk and bar focused people sensed their money was at risk and barfocused political and regulatory minds. question via twitter, as debt is growing at 10% per annum, house prices are above affordable pay is stagnant, and does that mean another crash is imminent? people want to know where the next crash is coming from and it is true consumer debt is growing much faster than income or the economy. the bank

of england has looked that consumer credit and said, we have got an eye on that. there is a slight danger, but consumer credit in the form of ove rd rafts, but consumer credit in the form of overdrafts, credit cards and loans is pretty small compared to mortgages. that is much, much bigger numbers. the bank of england have said they will not take any action yet, they have some tools to deal with it. where will the other crash come from? people talk about car financing loans, one day, the big ballooning in debt in china. one thing is sure, because of the nature ofa thing is sure, because of the nature of a financial crisis, we rarely know where the next one is coming from, if we do, you would prepare for it in advance. given the last financial crisis, which we are still living with the legacy of with low interest rates, high government debt, stagnating wages, we better hope it doesn't come soon because we're not that well prepared for another one right now. another, gordon has text, do banks lemony

they have or do they created out of thin airas they they have or do they created out of thin air as they lend it, if so why have the public never been told the truth on how private banks create money? he is right. a bank can create money out of thin air. if i go for a create money out of thin air. if i go fora loan, create money out of thin air. if i go for a loan, the bank can put money in my bank electronically. can you buy those computers? what the bank has to do, for every £100 of loa ns bank has to do, for every £100 of loans it has outstanding, it has got to put some in a deposit itself with centre back, the bank of england, the bank for the banks. you cannot create an infinite item without putting money back. what has changed is the amount of money you are required to deposit with the bank of england has gone up in relation to how much you are allowed to lend. so the good news is ten years on, banks are safer than they were back then,

so are safer than they were back then, so the crisis is unlikely to come from the same place it did last time, because there have been changes. this next question, the financial crisis is a result of the live now, pay later culture, but when it is time to pay up, they seem to just borrow more? when it is time to pay up, they seem to just borrow more ?|j when it is time to pay up, they seem to just borrow more? i don't know if you mean consumers borrow more to pay back their debts. you mean consumers borrow more to pay back their debtslj you mean consumers borrow more to pay back their debts. i think it means everybody. that is almost a political question about the nature of debt and credit. it is true people got into a situation where they bought too much. people say now, the interest rates on offer at the banks are encouraging people to ta ke the banks are encouraging people to take out loans they don't lead and they struggle if interest rates go up, to they struggle if interest rates go pay they struggle if interest rates go up, to pay back. people say, if we didn't have credit, we wouldn't have any social mobility, we would be tugging our forelocks to the local aristocrat. basically you are allowed to borrow money based on your future prospects and allowed to borrow money based on yourfuture prospects and improve yourfuture prospects and improve your lives with what will happen to

your lives with what will happen to you in the future. clearly with interest rates at these record lows, the encouragement is to borrow and spend. that is what the bank wants to happen, by lowering interest rates to make it less attractive to save and more attractive to spend. that is there to support the economy. the question will come, when you start to raise interest rates and make it more attractive to save and less attractive to spend, what happens to the economy? three quarters of the economy is driven by consumer spending. it is one of those things that make me how only, but not yet. if everybody started saving tomorrow we would have a serious, economic problem. where ever the next crisis comes from, the biggest challenge will be weaning ourselves of the last medicine when interest rates go up and that is not far away. thank you very much, simon jack. police hunting a jogger who knocked

a woman pedestrian into the path of a bus say there's been a huge response to their appeal for help. cctv footage showed the man barging into the woman and knocking her over on putney bridge in south west london. detectives praised the quick reactions of the bus driver who they said had saved her life by swerving to avoid her. our correspondent, jessica parker, is on putney bridge for us. we have been speaking to the investigating officer in charge and he said there has been a huge response following yesterday's public appeal. many people have seen the cctv footage of a man jogging across putney bridge in south—east london on the morning of may the 5th. he wasjogging and london on the morning of may the 5th. he was jogging and went past a woman and appears to push her over.

she then falls into the path of an oncoming bus. her head is overhanging the curb. the bus narrowly avoids her and it could have been more serious. she only sustained minor injuries, thanks in pa rt sustained minor injuries, thanks in part to the last—minute action of the bus driver who manage to swerve to avoid her. the bus stopped at that point and a number of passengers got off the bus to go to her aid passengers got off the bus to go to heraid and passengers got off the bus to go to her aid and the jogger crossed back across the bridge about 15 minutes later and the woman tried to talk to him but he didn't acknowledge her and carried on jogging. him but he didn't acknowledge her and carried onjogging. but we have been told there has been a huge response. after the bbc spoke to the sergeant in charge, the metropolitan police have confirmed they have received a good response from the appeal of following a number of lines of enquiry. but they are keen to hear from anyone who has information and who has not yet come forward. jessica, thank you very much. in a moment a summary

of the business news this hour but first, the headlines on bbc news: 17 asian men and one white woman who groomed vulnerable girls and young women in the north east have been convicted of crimes including rape, trafficking and conspiracy to incite prostitution. the trump administration has defended its strong message to north korea — it says the president had to use language the regime would understand. french police have arrested a man suspected of carrying out an attack on a group of soldiers in a suburb of paris this morning. in the business news: today marks the tenth anniversary of the global credit crunch. the day when banks stopped lending, forcing the world's financial system to a halt. banks had racked up massive debts that customers couldn't afford to pay back. it sparked a crisis that was felt around the world. more on that in a moment. the bank tsb says the number of people using the current account switching service has fallen by 14% in the past year.

this has has happened as the competition regulator is trying to encourage more competition for current accounts. the number of card payments made in britain reached a record monthly high of 1.4 billion in june. according to the industry body, uk finance, total spending using cards was just over £57 billion. a third of the payments were contactless, while13% were made online. now time for the business of birth, today we turn to india and the controversial topic of stem cell banking. the use of stem cells is still being researched. but in the future it's expected that these cells will be used to treat all sorts of genetic disorders and help rebuild damaged tissue. some companies are taking advantage of that, and are making serious money by offering to bank stem cells. but is this money well spent when the benefits are still unclear? suranjana tewari went to find out.

moments after entering the world, this baby girl may have already saved another life. her stem cells are being harvested from the blood in her umbilical cord. stem cells are already being used to treat some diseases and, with hundreds of trials under way globally, one day they could be used to cure a range of genetic disorders. this is the best time to harvest stem cells, rather than a painful procedure later in life. and because of the size of india's population, there is huge potential for stem cell banking. but more people need to do what is happening here. india accounts for 20% of the world's population but less than 1% of stem cell donors come from here. that means the chances of indians finding a suitable match are extremely low. awareness is growing though. india's largest bank,

lifecell, has a customer base of 250,000 people — 50,000 of them signing up last year alone. and as the business expands, prices have come down. it costs just over $1000 to have cells collected and stored at this facility for 75 years. but that is still a high cost for the average indian, especially when the chances of being able to use your own stem cells for treatment are less than 0.01%. so far the stem cells are being preserved by the family for their own private use. the benefit was only limited to the baby but now we have made a model way and parents can share their stem cells with the community at large and what that does is it increases the benefits and notjust for the baby but the baby's siblings, baby's parents and also the ba by‘s grandparents. it is a multi—fold increase in benefit. experts agree that sharing stem cells in a bank will increase the chances of finding a donor exponentially. the concept of community banking encouraged these first—time parents

to bank their baby's stem cells. we are very lucky that we are doing something for my baby, to help babies in the future. although sceptics say the medical science is only in the very early stages, parents are willing to take a chance and pay the price to potentially protect their new arrivals. suranjana tewari, bbc news, mumbai. here's some other stories we're looking at today. us payment processing giant vantiv is to merge with uk giant worldpay in a deal valuing worldpay at £9.3 billion. vantiv shareholders will own a majority 57% of the combined group, while world pay investors hold the other 43%. shares in toshiba jumped 9% this morning on expectations it will meet a deadline to deliver its long—awaited earnings report to regulators. the embattled electronics firm is due to submit financial statements on thursday.

the media giant disney says it will launch its own streaming service in 2019. it will show movies, tv shows and sports and will mean the end of disney's current distribution deal with netflix. some sports will also be removed from its us tv channels. from its us tv channels. it comes as disney announced a 9% fall in profits for the three months from april to june. and the aa says seven out of ten drivers won't use parking spaces that have to be paid for using a smartphone. it says motorists, and especially older ones , and especially older ones, much prefer to pay with cash, even when meters don't give change. the pound is much stronger this week. it is climbing back against the euro. the ftse is down by 47

largely due to worries over north korea. the dow is also down about 13 points at the moment. that's all the business news. let's get more on the world championships and the outbreak of narrow virus. let's go to ollie foster. you have some breaking news? yes, another twist in the issac ma kwa la yes, another twist in the issac makwala story. remember he was diagnosed with having this norro virus they pulled him out of the heats on monday and delegate said you have to be in quarantine for 48

hours. that meant he couldn't race in the 400 metres final last night. he was very upset and spoke to our correspondent natalie perks over the last 48 hours, saying he is hard done by, felt he wasn't a big enough name and if it had been mo farah, you never would have had this treatment. in the last few minutes, we have heard because his quarantine period is over, it is the 200 metres semifinals the night. he didn't have a chance to qualify for them but he will have a chance by himself on this track behind me at 6:40 p:m., about 20 minutes before the competition schedule on basics gets underway. in the 200 metres, racing against the clock. we worked out he will have two race 20.61 seconds, well outside his personal best. but you just wonder what kind of state he will be in if he can actually do that after the 48 hours he has been through, as well as being very ill

as well on top of that. it is absolutely tipping down at the london stadium, not perfect conditions for sprinters, but the news is, issac makwala from botswa na, news is, issac makwala from botswana, who has been the main talking point for the last 48 hours gone he does get his chance to be reinstated in the 200 metres final, which is later tonight. so there would be a lane for him in the semifinals. but he has to beat the clock, 20.61 and it will be fascinating to see. a real gesture of goodwill from the iaaf when they faced a lot of criticism with the way they have dealt with this virus. seemingly coming quite late to it when it did break out on the eve of the championships on thursday. and undoubtedly some athletes have slipped through the protocols, but issac makwala does live to fight another day. that word, goodwill, we will talk about that later on, but ollie foster, thank you very much.

we are expecting a news conference in newcastle where northumbria police will be giving more following conviction of a dozen men over operation sanctuary. please had been criticised by the nspcc for paying a convicted child rapist £10,000 to help with the enquiry. we will be hearing from the police very shortly. now, let's get the weather. good afternoon. it is a day that depends on where you are in the country as to the weather you are getting. that was the scene in argyll and bute. it was thick cloud in hertfordshire with outbreaks of rain. that has caused 12 issues already. you can see the bright colours on the earlier radar. rumbles of thunder across the far

south—east. rain continues across south—eastern areas into the evening but further north and west, we stick with dry weather and spells of sunshine. temperatures in glasgow holding up to 19 degrees as we had to the end of the day. england and wales, brightening up all the while, sunshine across much of the midlands but the rain holds on in east anglia and the south east. potential transport disruption and localised flooding. temperatures struggling under the wet weather. for the world athletics in london, the rain only easing off as the evening goes on. but the rain will eventually move away towards the south—east. not clearing from kent until the early hours of thursday morning. as the rain clears and needs clear skies behind, there will be missed and in the countryside could see lows of seven celsius. cool start tomorrow, but a bright start and as this bump of high pressure builds its way in,

we will see plenty of iron and dry weather. a chance to draw breath across these eastern areas where it has been so wet. brighter skies and spells of sunshine and that is the story across the country. some cloud apache rain across the far north—west of scotland. temperatures, 16 to 22 degrees. it won't feel too bad and stays fine into the evening. cloud and rain with strong winds up to the north—west. but it's friday, band of rain working its way from west to east with blustery conditions. gales for a time towards the north—west. you might be thinking it doesn't bode well for the weekend. but it looks like we will clearly is whether from subway to the east and a ridge of high pressure will start to build its way in. so for the weekend, prospects not too bad. it should be largely dry with some sunny spells. this is bbc news.

i'm simon mccoy. the headlines at 4pm: 18 people who abused vulnerable girls in newcastle are convicted of rape, trafficking and conspiracy to incite prostitution. police paid a child rapist £10,000 to act as an informant during the investigation — campaigners against child abuse say they're appalled. the us defends president trump's ‘fire and fury‘ message to north korea — saying he had to use language the regime would understand. french police shoot and arrest a man suspected of being behind an attack on soldiers near paris. police name the 83—year—old man killed walking his dog in norfolk as peter wrighton. his family says he was "a lovely, gentle husband, dad and grandfather". also, has the isle of skye become

a victim of its own beauty? the island is struggling to cope, as tourism reaches record numbers.