tv BBC News BBC News October 23, 2017 5:45am-6:00am BST
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in the financial times, "greed and tax dodges leave capitalism ripe for reform say business leaders." and finally in the new york times, rwanda is taking environmentalism to the next level. anyone caught with a plastic bag faces big fines or up to six months jail. it's part of the country's bid to tackle pollution. so let's begin. with me is james hughes, chief market analyst from brokerage firm gkfx. good to see you. so, japan times, it look like shinzo abe's gamble has paid off at his popularity may not be quite what it was? yes, i mean, the snap election was always a little bit risky, we've seen snap elections in this country that haven't necessarily gone to plan for the people that call them at shinzo abe called the selection, he was expected to win, there was a risk from my point of view from a market point of view, were all a little bit worried that something could go wrong, it's always the possibility
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and remember, with shinzo abe, the re st and remember, with shinzo abe, the rest this huge amount of stimulus still being pumped into the japanese economy which is continuing to keep it going and with shinzo abe getting in again it is a continuation of that stimulus from a market point of view and currency and how the market's performance, that is important to how it goes in. talking earlier to stuart baxter injapan, about the economic performance of shinzo abe, in many ways he has done done but in reform, he has had to terms that he has an kelly brook through reforms. what is the chances of him doing it in his third? reform is his next big appointment and the chances of him pushing anything through are pretty much the same as what they were previously because it's incredibly hard for him to put any of these really big pieces of reform through. if this comes through, he could well be the longest serving prime minister in
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japan but without really giving us anything of any real note that changes or helps not necessarily the economy because you can say the stimulus has helped the economy to re cover stimulus has helped the economy to recover from the times we've seen that still, they haven't really been any fundamental changes in the inner workings... with the workforce and leave laws, bringing down corporation tax on getting more entrepreneurs into society... corporation tax on getting more entrepreneurs into society. . m hasn't happened, it really hasn't happened. it has got this controversial hike in sales tax coming in also. absolutely, it is a necessarily supported but every still -- necessarily supported but every still —— the japanese recovery is still —— the japanese recovery is still happening, the gdp numbers go up still happening, the gdp numbers go up to bea still happening, the gdp numbers go up to be a strong recovery and we see japan versus a lot of others is performing well that they want to see it more and more for the economy has always been a very key point of
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that. i think that is one of the reasons shinzo abe will win this again. i should say we are waiting to hear from again. i should say we are waiting to hearfrom shinzo abe again. i should say we are waiting to hear from shinzo abe at some point this morning and we will of course bring that to you as it happens here. stay with us for that. moving onto the independent. gina miller putting her sort of neck on the block again. she got a huge amount of criticism for saying that article 50, the article would wished us article 50, the article would wished us into bricks and negotiations, —— that pushed us into brexit negotiations, she came into huge amount of criticism and now she is asked to show 50 secret that reports, what do they do? they diagnose what could happen. they basically show the government has been contemplating a no deal with the european union for pretty much since it was first put on the table which is something theresa may was pretty much always said until
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recently has always said that we will get the best deal, the best deal we can for the uk and that of course has slightly changed to say no deal is better than a bad deal. but, i mean, brexit is the biggest mess we have ever ‘ but, i mean, brexit is the biggest mess we have ever — it doesn't matter how anyone voted for it, it an absolute mess. isn't one of the problems we are negotiating so publicly? 30 or a0 years ago this would all be done behind closed doors and we would hear nothing about it but every single move is followed or guessed at. that is the problem with social media. the problem with social media. the problem is it is guessed at. if we we re problem is it is guessed at. if we were to have a look at this we have no information whatsoever on brexit. we really don't have any hardly bit of information about this at all. we know david davis is talking with the eu and winnerat know david davis is talking with the eu and winner at the moment they are stuck on the bill. that is what we know. how much will it cost us to
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come away. there have been discussions around that but the fact we are still stuck on how much it'll cost, how much we have to pay get out, in the gina miller really must be right because these departments must have contemplated a no brexit deal, they must have done, so what gina miller is saying is show us these reports that show us the re ce nt these reports that show us the recent potential no deal on the table and help yourself by saying that you have planned for a no deal, there is a plan, because the big criticism of the brexit deal and the discussions is it all seems like everybody is just flying in with having no idea what is happening and it is the lack of information and professionalism but is going on with this, both sides, so it very difficult and this could give currency difficult and this could give currency which is something that if it isn't necessarily a part. 50 ways to leave your treaty, 50 shades of brexit, they miss the mark with the headline. but is too trite. it is
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only a matter of time! there will be plenty more of those. now to the times, catalan's potentially on the brink of declaring independence, we've been saying this now for a couple of weeks since the referendum, but it's really interesting, the spanish foreign minister on the bbc spoke about the photographs of the police clamping down during the referendum saying it was fake news. astonishing. of course it is astonishing when the power of social media these days, we've all seen the videos of police throwing people out of polling stations and various different points and it's hard to watch those videos and say that any of that is fa ke videos and say that any of that is fake but of course we know that this is causing such tension within spain and it is going to continue to rumble, as you say, we could have catalan is again and then think independence or further steps towards independence on friday ——
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again and ourthing. towards independence on friday —— again and our thing. the government saying this is fake and some of these images are fake is... some of them were bbc images as well! we can be impartial but we can definitely say they are not fake. we rely on oui’ say they are not fake. we rely on our colleagues to tell us what is happening on the ground and reflected fairly. we don't have much time so forgive me if this is a big topic to throw at you from the ft, is the end of capitalism? it failed? is the solution? yes it is, it failed, the bristow solution. the story talks about huge corporations and read taking what capitalism used to be and clouding it and it's been a big topic of conversation with the political parties in the uk, with jeremy corbyn and theresa may both talking about capitalism from the different sides. but what business leaders are saying that here is that
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greed and the way greed has ove rta ke n greed and the way greed has overtaken what is right a lot of times within some of these laws is really causing issues and use the massive companies, the likes of star bucks and google, these big companies are voiding paying tax whereas capitalism is based on a taxation system. so tax is a big thing and of course just the fact that there are so many differences now from what capitalism used to be to what it is now, honey and greed ruled the world. -- money. the love story about plastic bags, if we left everything to the free market, we would be drowning in plastic bags. what you need to do is to regulate them, perhaps in three people in jail but —— perhaps do not throw people injail but jail but —— perhaps do not throw people in jail but to do certain things like keeping the environment clea n, things like keeping the environment clean, you cannot leave it to the market. absolutely, and what they
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are doing in rwanda with plastic bagsis are doing in rwanda with plastic bags is unbelievable, the smuggling of plastic bags is a huge issue at ifa of plastic bags is a huge issue at if a shop or spread in cellophane or acted in plastic it is closed pending an investigation is the shop is closed down, the plastic tag numbers are—we know plastic bags are an enormous global issue, they are polluting the seas, we know that there is a huge issue and this sort of thing maybe not as extreme but it's coming to many, many countries. toa it's coming to many, many countries. to a country near you! at the moment you cannot get them from your supermarket but this is the future. james, thank you so much forjoining us. james, thank you so much forjoining us. we will see you soon. hello there. after a weekend of being battered by brian you'll probably be relieved to see what remains of that low is slipping into the north sea and very innocuous indeed.
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another big low to the west of us in the atlantic. that will be driving our weather for the week ahead. nothing like the week we just had but we will be feeling weather fronts our way and that's what we have first thing today. grey and gloomy prospects with outbreaks of rain in the west. clearer skies in the east, quite a chilly start first thing but the cloud will move in and the breeze will pick up and that will lift the temperatures. a grey beginning to the new week for scotland and northern ireland too, although brightness quickly following. cloudy to get the day under way across wales, the midlands and the south—west. quite a bit of cloud although a dry start to east anglia and the south—east. in a couple of hours you will see the rain move through quickly. the murky across the hills first thing with low cloud. northern ireland brightens nicely through the morning and by the time we get to the afternoon, you see brighter skies sweeping across scotland into northern england, wales and the midlands. southern and eastern counties, however, could be stuck with persistent cloud through the second half of the day but it should be mild, reaching 17 degrees in the south east. good deal milder than it was
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to finish the weekend. 0vernight monday into tuesday, low pressure still swirling away in the atlantic, throwing bits and pieces of fronts our way. a lot of cloud and rain across england and wales, heavier rain for wales and the north—west of england for a time. brightest on tuesday to northern scotland, albeit with showers. to the south, some drier weather but gloomy conditions, 18 in london. milder air to the south of this waving front. it will try and battle its way north throughout the middle part of this week. to the north, always clear and bright but always cooler. some warm air coming up from the south could shift temperature and a little bit of brightness to the south of the front, even up intto the low 20s before the week is out. wednesday the front will sit southward and actually a good part of the northern half the uk will be bright.
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pushing north, gloomy weather on thursday but also bear in mind mild weather as well. a few breaks in that cloud could send those temperatures up to the high teens or a low 20. that is the outlook for the week ahead. still changeable with rain around times but considerably lighter winds than the week we just had. warm weather to come as well. hello, this is breakfast with dan walker and louise minchin. a new charge for the capital's most polluting vehicles. from this morning drivers in central london will have to pay an extra £10 if their car doesn't comply with the city's tough new rules. i'll be looking at what impact the new t—charge will have on the health and the finances of people here in london and how likely the rest of the uk is to follow the capital's lead. good morning. it's monday, 23rd october.
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