by assets, is moving the ownership of its european subsidiaries from a uk entity to its irish bank. the move will make barclays ireland's biggest bank. and finally the guardian says pay for chief executives at britain's biggest listed companies rose more than six times faster than wages in the wider workforce last year, with the average boss's pay packet hitting $5 million. the paper says a worker on a median salary would have to work 167 years to earn average ceo pay. let's begin. with me is david buik, who's a market commentator at core spreads. david, very good to see you. good to see you. usually when we pick up a picture straight to focus on it is a happy occasion. this is a striking and afraid memorable picture that

they independent has picked up on they independent has picked up on the collapse of this bridge. it's extraordinary the way the independent‘s picture department is just fantastic, but as you say this is desperate. just looking at it the viewers will see how it has gone over these flats, it is a terrible thing for me to say, only 26 people of lost their lives. the fall... it must be 200,300 of lost their lives. the fall... it must be 200, 300 feet. 0bviously since this bridge was built in the 19605, since this bridge was built in the 1960s, they would have had stress tests on a number of occasions, why wasn't this thrown up? the italians at the prime minister yesterday were saying it is down to austerity and not enough money is being spent on austerity. that was absolute need for him. the italian economy is not in good shape. the bonds have gone up, levels up for three years. this really is a terrible call. it is the main thoroughfare between france and italy, so the connotations going

forward for presumably some months, properly a couple of years, a very serious. it is a relatively small point at a time like this, but the italian motorways, they would be first motorways, weren't they? this was a source of huge national pride at the time. absolutely. this is the late 19505, as you say, there were the pioneers. it demonstrates the need that these things have to be checked, because of the huge traffic passing. we will carry on fixing them in the news as well. the daily telegraph, that ex—tory, it's understanding about the terror suspect at westminster yesterday, crashed into the safety barriers. we have seen the pictures of narrowly missing two policeman, is under arrest, is not cooperating, but the telegraph's view is that he was there to stake out the scene, possibly. the telegraph's thaker mrs

interesting. you would not describe a ford fiesta as a hummer. —— this is interesting. the suspect has been apprehended. your point about the white van, i think, is very valid. i would like to pay particular tribute, this is the sixth attack i think in the past three years, and in westminster was 18 month ago. the response to this was so rapid. i am pleased to say that a few cyclists only were badly hurt. you have to ask yourself why in the middle of august when parliament is in recess, at 7:23 a.m., when most tourists are about as well, that this lunatic action of suppose that terrorism took place? that is what the telegraph as saying. there was a white van they crossed onto the wrong side of the road at the same time and no one seems to know quite

why it —— that crossed. possibly it was part of a broader picture of staking out the situation. i was struck also by the figure that there are 676 live investigations at the moment. the terrorist squad are phenomenal people. the way they have delivered for this country, we have had some terrible things happen, but without then we would be in a parlous state. all is our first question now is not how well did you respond, but how much did you already know? that is just a given. the fact that they actually know what is going on or have a good idea, never should any criticism be levelled at them. they are fantastic. still a lot of questions on that case. our third main story, president at one who carries on becky minnock —— president at again. iam laughing becky minnock —— president at again. i am laughing all smoking and they should be. it is very serious. this

government is unbelievable. despite the fact of the past, and in talking about someone who is supposed to be oui’ about someone who is supposed to be our ally. it has brought this country into serious problems economically, interest rates are now at 17.75%. the economy is in rags, the turkish lira has dropped, 35% because of a 6% bounce yesterday, i thought it was a pretty flimsy evidence of what the central bank would do. when the finance minister, the son—in—law, says the dollar is being used as a diplomatic weapon and not a currency any more, has he got some validity in that at all or is it masking the fact that the economy is in a bit of a state and there is a big call for interest rates to be raised and it seems that

is something that the president does not want to do. are they hiding behind america's position? in my opinion they are. it is a convenient excuse opinion they are. it is a convenient excuse for the incredible inefficient way the economy has been run in the past five years. to come out with this iphone thing, you have got to buy a samsung or the local iphone, this won't worry tim cook, he will sleep very well in his bed, he will sleep very well in his bed, he would be rightly worried about it. it worries the asian markets. contagion is a serious problem, not only in the middle east, but as you say, china, the hang seng, and the shanghai composite are affected, also from contagion play emerging markets. it is to come to an end. there will be a buying time sometime $0011. there will be a buying time sometime soon. that it might be look at that at the moment. let's move on. they brexit story for your. isn't that good of us? britain's second—largest bank about to become ireland's

largest bank. this is coming from quartz. barclays is moving a fair chunk of its business, if eu business to have a basis in dublin in the eu and out of london. they have a balance sheet of 1.15 trillion. it will be moved to the irish capital of dublin. there is a great big new building that. it looks wonderful. all the people who think brexitise a bad idea are going to say hurray. —— brexit is. i think good housekeeping. we have heard from the chief executive from ba rclays that from the chief executive from barclays that ireland is a good place to do business. he says he is under no notion at all that london isa under no notion at all that london is a phenomenal financial centre, regardless of what happens. presumably, less phenomenal than it was and it will costjobs in the city, presumably. it will, but

nothing to the extent that was immediately thought. the idea that there were going to be up to 40,000 jobs coming out of the city of london is away from the mark. the cost of moving people on an infrastructure basis when they are basically well settled here, there has been interested to hear for 70 yea rs, has been interested to hear for 70 years, the get there political connotations, the human connotations are very strong. and we are in london because english is the international language of the world, the best in the world for financial products, there is no reason to change that. just time for our last story from the guardian. i suppose the guardian would be keen to work ona the guardian would be keen to work on a story in any case. the top pay for ce05 up 11%, median. look at what an average worker gets. how do you view this? 11% sales whopping —— sounds. i view it that it has been slated because it is completely

unacceptable with what we have in this country at the moment, those that have more, those who have not have less. this has to stop. i don't ca re have less. this has to stop. i don't care what anybody‘s politics are it is ridiculous. it is highlighted with this, it is not fair, we have said before, it is not there on the basis that these companies are not a reflection of uk business. very briefly, one from charles lloyd who said if they have generated at least 2296 said if they have generated at least 22% more rise in profits, so double that amount, that would be fair enough, if they are making money, big time, they should get money, is that there? i agree, but contracts need to be renegotiated and share option schemes are ridiculous levels. look at it. david, thank you very much. good to go through the papers with you. banks have been with us on debriefing. much more still to come so don't go away. hello there. the weather pattern for the rest of this week and into the weekend looks pretty similar day on day and that is with more cloud, rain, stronger wind across the north and the west of the uk and the further south

and east that you are, better chances of staying dry and bright with sunshine and feeling warmer. that process really will begin through wednesday, with an area of low pressure to the north—west of the country, a couple of weather fronts moving into northern and western areas, whereas further south and east it should stay largely dry. variable cloud, but also the sunshine breaking through at times. although breezy, not quite as windy it as it will be across northern areas. thicker cloud with outbreaks of rain, blustery across the north and the west of scotland, eastern scotland for a time across the south, scotland into northern ireland in between the two weather fronts we could see a little bit of brightness. this first weather front will bring rain to north—west england, parts of wales and eventually into the south—west of england. 24, 25 degrees again across the south—east. another warm afternoon. as we head through wednesday night, that weather front will merge together and bring rain further south—east to parts of northern england, the midlands, wales and south—west england. ahead of it, another muggy, dry night. to the north—west of it, clear spells and blustery showers. some heavy and feeling cooler and fresher. heading on into thursday,

that weather front continues to sink its way south eastwards, it also opens the floodgates into cooler, fresher air which will flood in across the country during thursday and last into friday. it will be noticeable particularly in the south—east. that weather front will take its time to clear the south—east. a grey, wet, blustery day across the south. further north and west it will be quite windy, with sunshine and showers, some of them merging through longer spells of rain across the west of scotland and those temperatures range from 17—20 degrees, feeling much fresher right across the board, particularly in the south east. on friday we do it all again. another area of low pressure hurtles in off the atlantic to effect the northern half of the country, keeping things more settled across the south and the south—east. it's going to be a windy day across northern ireland, scotland and perhaps north wales. more cloud, outbreaks of rain, persistent across the western scotland. further east you are, quieter, some sunny spells and feeling just a touch warmer than it did on thursday, highs of 22 or 23 degrees. saturday looks fairly quiet but it is only more wind and rain,

the best of the brightness and warmth in the south—east. good morning, welcome to breakfast with dan walker and louise minchin. 0ur headlines today — a desperate search for survivors in the rubble of the motorway bridge that collapsed in the italian city of genoa. at least 26 people have died. counter—terrorism officers carry out a series of searches after a car was crashed into the barriers outside parliament. three properties in the midlands have been raided. a war of words over the best way to limit rail ticket prices. the transport secretary and the unions disagree over measures to control fares. to the college. 3.8 million people

will be