us regulators could rip up obama's rules on net neutrality later, giving broadband firms huge power over online traffic. now it's time look at the stories that are making the headlines in media across the world. we begin with the daily telegraph with brexit latest. its headline is: it comes after 11 of theresa may's mp defied their party by voting through an amendment to the eu withdrawal bill. the financial times has new estimates on the fallout of brexit on banks. it's conducted its own analysis and says the big international banks are set to move fewer than 4,600 jobs away from london, around 6% of their total workforce. we'll go to reuters online for news on us tax reform. it says congressional republicans reached a deal on wednesday for the biggest tax overhaul in 30 years. it now clears the way for final votes on the package next week,

which would slash us corporate tax to 21% and cut taxes for wealthy americans. in the sun today, the publication says it has smashed a multi—million dollar plot to fix the third ashes cricket test taking place in australia today. the article goes on to say indian bookies offered to sell details of the rigged play. the guardian also with a sporting scandal on its front page. britain's most successful road cyclist, chris froome, fighting for his reputation after a failed drug test in september. the 32—year—old had double the permitted levels of the asthma medication salbutamol in his body, but insists he had not broken any rules. and lastly in the times, a new survey reveals women are more miserable than men for almost their entire lives and are happier only after the age of 85. it found that women get progressively happier in retirement before overtaking men in their ninth decade.

the in their ninth decade. mind boggles, or perhaps it doesn't, the mind boggles, or perhaps it doesn't, maybe we know the reason why. with me is lawrence gosling, editor—in—chief of investment week. welcome back, lawrence. thank you. of course the british press is very accessible with what happened, and some would say for good reason, the first major loss for theresa may in terms of defeat in parliament when it comes to brexit, how significant is this? probably not that significant, when you think one of the whole issues around brexit for the whole issues around brexit for the uk has been this issue of who controls our own destiny. a lot of parliament has been very upset with the way the government has been running negotiations and they felt they haven't had enough said so it was inevitable that she would lose this boat —— say. it's about the mps saying you negotiate, we would like to debate the final outcome because we are the elected representatives

for the country —— vote. we are the elected representatives for the country -- vote. the government are at pains to say they will get to vote on the final outcome, that's something that's been agreed, but the issue is whether they would have a decent length of time to look at it, what they describe as a meaningful look at the deal. clearly enough mps decided they didn't believe the government, negotiating group, would give them that. i don't think that is surprising in the round. how embarrassing is this for her given she is now going to brussels, this eu summit is kicking off today, it's lasting for several days, and of course she wanted to have all her ducks in a row before going to brussels and be in a position of strength, yet it's been a torrid couple of weeks for her. as we saw last week, the nature of her relationship with michel barnier in particular, they seem to get on very well, i suspect both would have said this is a possibility. what some of the member states might

be thinking is this is embarrassing but the key ones in europe won't be surprised. interesting because some of the key negotiators in brussels have been tweeting in response to what happened late yesterday saying this is democracy at work, a good thing for those who want more time to digest what brexit means for the uk, and forthe to digest what brexit means for the uk, and for the rest of europe. in the meantime, the ft front page, another headline about those who will leave the city of london, it feels like it's every day in the press at the moment. we saw one earlier in the week, saying 10,500 jobs will go, a couple of weeks ago it was 15,500, the number is going to be the number but the reality is we won't know until well past the deadline date as to how many people will move. it's a movable feast. the ft has gone around and spoken to people and come up with a much smaller number. the ft is a pro—business publication, it would wa nt to pro—business publication, it would want to create a sense of stability within particularly london as a financial centre. the figure is

probably not that far from the truth. lots of people will have a white christmas, but let's move on, i'll get your numbers on that. republicans forge a tax deal at last. interesting because this time yesterday at our lead story was doug jones winning the seat in alabama, the democrat, and what that would mean for the trump administration trying to get anything through and it is significant this happened later in the day. this is the first really significant piece of legislation that the trump administration will get through, it looks like it will happen. talked about this a lot, there's been the odd concession, corporation tax only 2196, odd concession, corporation tax only 21%, it's up in the 30s, the highest in the developed world. they've managed to reduce income taxed or the highest paid down from 39.5% to 37%, so these are significant. what the market is looking for is whether

this kickstart the economy in the way trump said he would. he promised 496 way trump said he would. he promised 4% growth in his term, will it do that? no, it won't. the sun, the third test is under way right now, what do you make of this exclusive from the sun? it isn't as mind blowing as it sounds if you read the detail, the bookmakers have said we can give you bets... bookmakers in india. in india, on the run rate during certain parts of the match. small elements you can bet on within in play sport these days, it's not the same as saying we can rate it so one team wins. not match fixing? not in the sense most people would know it. good story but slightly overblown would—be my explanation. meantime in sport, chris froome, on the front page of the guardian, i am no cheat, he says, after failing a

drug test. he's allowed to take medication for his asthma, it is well recorded, his levels came up twice the acceptable level. to what extent would that affect his performance? effectively the drug allows his windpipe to be more open to ta ke allows his windpipe to be more open to take in more oxygen, think of the mountain climbs in these races, it can have a significant benefit. he seems to have a unique physiology. going back to the tour de france, some of his levels there, not his medical levels but his lung capacity we re medical levels but his lung capacity were extraordinary. do these headlines on the front page of the guardian and elsewhere with chris froome and the sun with cricket, it brings our attention to what extent sport is clean and it's a level playing field? with froomey, you lose faith in real sporting heroes. women feel more unhappy will than men until they reach their mid— eighties. —— unhappy than. this is

an nhs survey, a large survey, 8000 people. your thoughts? is your wife happier than you? i hope we're equally happy and we won't have to wait another 30 years for her to overta ke wait another 30 years for her to ove rta ke m e wait another 30 years for her to overtake me on the happiness scale. it's interesting, isn't it? the longevity, men tend to die younger than women at that point in their life. perhaps maybe after a long marriage of looking after husbands 01’ marriage of looking after husbands or partners, women feel released and there is an opportunity... when they are 85 or more and they have to put the christmas turkey! shame it comes so the christmas turkey! shame it comes so late in life as well! talking about the christmas turkey, lawrence, have a think, if you were meghan markle, what would you give to the queen on christmas day? no copies of the dvds of the films or tv series she's been in... that is one suggestion from our viewer, ryan, he says give her the box set

of suits, but maybe not. what would you give her? something they can do together. what about an origami set so together. what about an origami set so they can try to make origami. 0rigami in your nineties? so they can try to make origami. origami in your nineties? mentally she is very fit. but it's the fingers. it is good for the mind. let's share some of our viewers' suggestions, we've had many, many i can't say on the bbc because frankly some are quite rude. peter says a very expensive handbag, she always carries a bag. then british royals drink teas all the time so a set of good teacups. not a bad idea. nice to see you. bye—bye. well, after a very brief mild spell, those temperatures are coming down again for the next few days, and into the start of the weekend. and, for thursday, it's low pressure which dominates the scene. tightly packed isoba rs across the country meaning fairly windy, and they'll be

blowing in lots of showers, particularly to western areas of the country. and these showers will be of a wintry mix during the overnight period and first thing on thursday. some snow to the higher ground of scotland, northern ireland, northern england, wales, maybe the south—west of england, and some wet sleetiness down to lower levels for a time, too. so, first thing on thursday, we are again looking at an ice risk, particularly from the midlands, north wales, northwards, so watch out for these. there could even be some lying snow around on some of the higher routes, for example the pennines and across scotland. but we start thursday off on quite an unsettled note. it's going to be windy, particularly across the west, maybe gales in exposure. plenty of showers here, becoming wintry over high ground, wintry showers as well for parts of wales, in towards north—west england. ice to watch out for too. largely dry to start in eastern and south—eastern parts. there'll be some early sunshine around, but it will be quite chilly. same too east of the pennines, eastern scotland. but further west, loads of showers, and again some heavy, and even some sleetiness down to lower levels as well.

and then, through the day, very little change. it stays blustery, i think the winds slowly easing down through the day. they'll continue to be strong across the north, and certainly the south—west, with gales here. plenty of showers, with wintriness again over the higher ground, but central and eastern parts of the country should be drier, with some sunshine. but notice the temperatures down on wednesday's values, in single figures for all. it's going to feel cold if you add on that wind. then, as we head on in towards friday, we open the floodgates again to the arctic, as this area of low pressure moves across in towards scandinavia. so it does mean a cold, frosty start in places for friday, and also a risk of some ice. but i think, generally speaking, friday is looking like being a quieter day. we should have more in the way of sunshine around, lighter winds for many. still fairly breezy around the coasts, where we'll see some wintry showers at times. now, that cold air is with us obviously through friday and into the start of the weekend. but then, for the second half of the weekend, we'll start to see this plume of milder air slowly making inroads. so it's a cold start saturday — again, watch out for some ice.

some sunshine around through the morning. i think that's slowly fading as more cloud piles in from the west, maybe with a few showers, and it's going to be another cold day. for sunday, though, there is more cloud generally. i think sunshine will be very few and far between, and there will be a few showers, but that milder air slowly making inroads. this is breakfast. theresa may suffers her first major commons defeat as mps win the right to have the final say on a break the deal. ayes to the right, 309, noes to the left, 305. 11 conservative rebels joined the opposition to demand the parliament gets to vote on any agreement before it is finalised. good morning. it is thursday. also

coming up, another medical breakthrough thanks to gene therapy. british doctors develop a new treatment for the