you're watching bbc news at nine with me, annita mcveigh. the headlines... this is business live from bbc news will brexit be delayed, prime with ben bland and ben thompson. minister?! the speaker of the house of commons theresa may considers her next move has blocked a possible after the speaker blocks plans third vote on the uk for the commons to vote for a third prime minister theresa time on her brexit deal. may's brexit deal. reporter: lots of people are annoyed at this decision. live from london, that's our top what would you reply to that? are you trying to delay brexit? story on tuesday 19th march. the speaker himself has said that president should not be a constraint, otherwise nothing would ever change, and yet the ruling yesterday is based on a cyclone idai —— precedent from 1604. mrs may meets her cabinet later new zealand's prime minister as she considers her condemns the christchurch mosque next steps on brexit — gunman as a terrorist, criminal and extremist and vows never to speak his name. we find out what this means he sought many things for businesses already from his act of terror, plagued by uncertainty. but one was notoriety. also in the programme... boeing promises a new software update for its troubled 737 max aircraft by the end of the month —

we talk to our business correspondent, theo leggett in a moment. on the markets — investors treading water really as they wait for wednesday's interest rate decision by the us central bank. and we'll be getting the inside track on a british business that's made its name on both sides of the atlantic from knitwear made from the rare, downy wool from these lovely beasts. we're talking cashmere and the challenge to keep it sustainable. and talk about a flutter — the lewis hamilton of pigeons, a champion, long—distance bird, has been sold for a record £1 million after two buyers got into a bidding war. we want to know what's your worst impulse buy? come on, we've all bought something and regretted it. just use the hashtag bbcbizlive. hello and welcome to business live.

the brexit uncertainty is piling up, as you've heard, the speaker of the house of commons has blocked a possible vote on the prime minister's brexit deal. he said a centuries—old law meant that a bill that's already been rejected by parliament, could only be resubmitted with substantially changes. so what does this mean for businesses stuck in limbo, who've already warned uncertainty is harming jobs and growth. the latest brexit tracker report by ey estimates that london is most vulnerable — on track to lose about 7,000 jobs to the eu in the nearfuture". it's notjust lostjobs, but new roles that the uk misses out on. the consultancy says about 2,000 roles are being created on the continent and ireland in response to brexit. financial services is vulnerable, it's reported hundreds of uk bankers

are poised to relocate to eu offices by 29th march, regardless of parliaments vote to delay brexit. financial firms were shifting nearly $1.2 trillion in assets and funds from britain to the eu as part of brexit plans, according to thinktank new financial. dublin, frankfurt, luxembourg, paris are the winners. jp morgan, which employs 16,000 people in the uk, recently opened a new office in dublin with the capacity to double its existing irish workforce. andrew gray is global head of brexit at consultancy pwc. some of the implications and the implications of those moves and the money that is now leaving the uk is already happening and yourjob is to advise firms on how to do that, what they may do and what their strategy

may be. what are you telling them right now? the legal default as we know, unless something changes we end up with the hard brexit on the 29th of march. we have been working with clients since the referendum looking at the options and providing advice in terms of what they need to locate, how to think about their businesses. that applies to uk firms that trade with europe at european firms that trade with the uk. that move is already under way regardless of what happens over the next ten days. those people are going or have gone. do any of those come back if we do get a deal and there is a change in the circumstances and maybe we don't leave the eu at all? firms have had to set up with different licenses and looking at the supply chain. some of those changes have ta ken the supply chain. some of those changes have taken place and they will not be undone. but some changes, businesses will always

changes, businesses will always change and adapt to the situation. if there is a long delay, firms will hold back on implementing those plans under brexit is cancelled, there may be some reversal. at the world has changed, we will not revert back to as though it never happened regardless now. you have the wonderful title of head of brexit a pretty good time to be doing yourjob, brexit a pretty good time to be doing your job, consultancy firm brexit a pretty good time to be doing yourjob, consultancy firm is doing yourjob, consultancy firm is doing well out of this uncertainty? it makes life interesting. it is a complex challenge and there is a huge amount to be thought through. it is an interesting time to be working in business. how long does yourjob go on for, if we get to the 29th of march, and it will leave the european union, i imagine yourjob does not end on the 29th of march? the withdrawal agreement is being debated and it is a contentious matter. the uk will have a long and enduring relationship with the eu in

one shape or another, but defining that will be depending on future trade negotiations. we won't know until the trade negotiations are completed, will we have a better idea of what business will be at. completed, will we have a better idea of what business will be atm a firm is watching this now, what are the things at the top of their to do list? hard brexit is still a risk, it is about people, customers, suppliers and how you will interact in the event of a hard brexit. suppliers and how you will interact in the event of a hard brexitm suppliers and how you will interact in the event of a hard brexit. it is fascinating, andrew, good to talk to you. thank you. let's take a look at some of the other stories making the news. 0pec and other major oil producers have cancelled a meeting planned for april. the move leaves the cartel‘s price—boosting production cuts in place until at leastjune. saudi arabia says it expects the oil market to remain oversupplied through the first half of this year. the chief executive

of warner brothers has stepped down, over allegations he promised film roles to an actress in return for sex. she s admitted having an affair but insists she earned the film roles herself. he had been in charge of the studio for six years. us regulators have told a judge that a tweet about tesla's production targets by elon musk was "a blatant violation" of a court order. mr musk had previously agreed to get tweets about the company approved before making them public. the us government wants the court to find mr musk in contempt of that settlement. boeing says it expects to have new software update for its troubled 737 max aircraft by the end of the month. our business correspondent, theo leggett, is with us. the company has been advising airlines it has this software update

ready which is designed to overcome fa u lts ready which is designed to overcome faults that were implicated in the lion air accident in indonesia last year and is thought to be involved into the ethiopian airlines crash. they will introduce new software that will limit the operation of the anti—stall that will limit the operation of the a nti —stall system that will limit the operation of the anti—stall system which is designed to bring the nose of the aircraft down in the event of a stall, but is thought to be vulnerable to sensor failures which can take the aircraft out of the control of the pilot. that system will be limited. the way it interacts with sensors will be changed and they will be new training for pilots. so a comprehensive list for things boeing is planning to do. all the while, they are grounded and it is costing boeing and the airlines. it is in their interest to sort this out?

there are 370 of these jets that have been delivered to customers. 0ther have been delivered to customers. other customers are waiting for new aircraft and they will have built having those new aircraft into their schedules and plans. they can source of the aircraft by leasing or using older aircraft, but the problem is the attraction to the 737 max, it is cheap to run and more efficient and has lower running costs. if they are having to use other aircraft, it does up their costs. boeing is trying to defend itself against accusations it may have not done enough to guarantee the safety of its passengers. we have had an open letter from someone who says they stress safety is what is at the core boeing and safety is why they are doing what are doing now. boeing and safety is why they are doing what are doing nowlj boeing and safety is why they are doing what are doing now. i know you are across this story, we will get more when you get it. how much would you do for a sibling

if they got in trouble? well, asia's richest man may have set the bar high by bailing out his indebted brother to the tune of tens of millions. monica miller has the story from singapore. monica, it is fascinating, we all need a brother like this. exactly. he said he is grateful that his brother stepped in to make an $80 million payment for him. the younger brother refused to pay erickson and said he could face up to three months injail because said he could face up to three months in jail because of it unless a portion of the money wasn't paid by march. so it has now been settled with the swedish telecom giant after judges threatened to send the billionaire to jailfor judges threatened to send the billionaire to jail for roughly about three months. they face some $4 billion worth of debt after a

brutal telecom price war with his brother. the feud had been widely reported in india's press as they fought over the company their father had founded. monica, thank you for explaining that. no totally complicated but some clarity on one brother bailing out another. james bevan is chief investment officer at ccla investment management. let's start with brexit, i am relu cta nt to let's start with brexit, i am reluctant to do so but what a day yesterday, what did the markets make of it? they didn't much like it. they sent the pound down but that sent up the perceived value of overseas earnings to the uk. the ftse is up a quarter of a percentage. not a lot of volume so people not betting hard money but positioning ahead. treading water as they wait to see what the us central bank does on wednesday with this

policy decision? quite right. everybody expects the federal bank will leave things unchanged but what is important is the statement they make. the odds on expectation is they will talk about one rate hike this year. but people are saying the us economy is rolling over and this might be the year where there are no hikes. and the online retailer in the uk has been one of the real success the uk has been one of the real success stories but things may be cooling a little? indeed, they had a profit warning and they said you are over expecting earnings growth. it is going to be more like 15% and they have come in with numbers just below 15 and the markets are not happy. we know retail is under the cosh. 0ne happy. we know retail is under the cosh. one of the interesting parts of the world economy as it slows. we

will talk about the £1 million pigeon later. james, you will talk us pigeon later. james, you will talk us through that story later. still to come... cashmere, the luxury, soft yarn from goats. we talk to the founder of a british knitwear icon, about cashmere and being a sustainable business. you're with business live from bbc news. 0nline grocery firm 0cado said its sales in the first three months have grown slower than expected, due in part to a fire at its flagship factory in andover. 0cado's chief executive called it a temporary setback. well let's speak to mollyjohnsonjones, retail analyst at consultance stone and river. molly, the more positive news in recent times the 0cado has been the

deal with marks and spencer? yes, it has been perceived as positive for 0cado because it means to get a get out of the partnership with waitrose which will save them about 50 million a year and they will help marks and spencer grow and the stock market has perceived it as a good thing. as far as 0cado is concerned, the retail for growth is so tough right now, where the 0cado sit? the retail for growth is so tough right now, where the 0cado 5mm isa right now, where the 0cado 5mm is a premium player with basket sizes above £110. they have more price flexible area of the market. in terms of growth and longevity they have a good foothold. i don't think they are under threat from the discounters. they are under threat from a lack of profitability. when you look at the size of a basket like that and how much people are spending, one of the first things

that might go if people rein in their spending is shopping like that? we have seen small declines in basket sizes, which is problematic but consumers have been reining in their spending over the past couple of years. they are relatively defensive from that but if we go down a hard brexit roots, i would imagine they would see further basket declines. molly, it is good to talk to you. plenty more news on our website. the well‘s most expensive cities have been revealed. paris is the most expensive alongside hong kong and singapore. that could be blackpool! easily confused. you can look at why they are more expensive and the

difference between them and where london ranks. i was looking at this earlier and looking at why so many people leave london to live elsewhere. your‘re watching business live. our top story: the speaker of the house of commons has blocked a possible third vote in theresa may's brexiteer. it creates uncertainty for businesses both large and small. we could get more developments on what happens next. a quick look at how the markets are faring. the uncertainty leaving investors treading water. they are waiting to see the signals they get from the us central bank, which gives details on its interest rate decisions and how quickly it will raise rates in the coming year. that is due out on wednesday. if you're thinking of splashing the cash when buying a newjumperorscarf —

it doesn't get much more luxurious than cashmere. the global market for cashmere knitwear is growing at almost 4% a year — and it's expected to be worth more than $3—billion by 2022. brora is one firm here in the uk which specialises in cashmerel, it started up as a mail order firm back in 1993. brora has 150 staff, and is hoping to have a turnover of $28—million next year. victoria stapleton is the founder of brora. nice to see you, welcome to the programme. tell us how the starter because it is quite a niche business, you don't just because it is quite a niche business, you don'tjust do knitwear, it is clearly cashmere knitwear. it is clearly scottish knitwear. it is clearly scottish knitwear. that is the distinctive uniqueness about my business. i was brought up in the scottish borders. my brought up in the scottish borders. my parents had an interest in a tweed mill in the highlands of scotla nd tweed mill in the highlands of scotland in the village of brora. brora is the name of a place, not many people know that. it was in my

dna and! many people know that. it was in my dna and i was interested in it and i went to see an amazing man, who is no longer with us, james sugden, who gotan 0be no longer with us, james sugden, who got an 0be for what he did for textiles in scotland because he supported it incredibly. the cashmere, is it from scottish goats? it is goats in mongolia because the temperatures need to be —50 to grow the fleece. they have tried to bring them to scotland because it would be a great thing and sustainable if it all came from scotland. but the goats' fliess comes over in hessian sacks and comes to the mill and it is the local scottish water, the way it is dyed, the generations of craftspeople. we are looking at pictures of that some of the process 110w. pictures of that some of the process now. this is a generational thing,

these skills have been passed down from father to son, from mother to daughter, how do you retain a workforce like that with those skills that are easy to lose and die out? it is a good question, but the milli out? it is a good question, but the mill i work with has a training school and it offers people in the scottish borders a good opportunity and a career. they are making cashmere for the world couture houses. people feel proud to work at that mill. how do you compete at a time when people are tempted by the fast fashion that is cheaper, they can have a different look in all of the different photos they post each week. you are competing with a product that is more expensive and presumably designed to last a bit longer? the brora customer is very loyal. they need to know they will

have a brora jumper and they will have a brora jumper and they will haveitin have a brora jumper and they will have it in their cupboard for ten yea rs. have it in their cupboard for ten years. they are not the fast fashion crowd, they are the slow fashion crowd, they are the slow fashion crowd who like sustainability and quality and the fact it is made locally. i have also kept my business very small and very tight. yes, you still own the business, so how have you manage that because some need outside investment to grow. i could have probably done with that over the years. have you had people approach? yes, we have had people approach? yes, we have had over the years. i don't know if it isa had over the years. i don't know if it is a control thing, you will have to ask my husband that. ijust believe if someone took it over they won't have the same values i have for the business. it is a passion and a lifestyle and it needs to make and a lifestyle and it needs to make a profit every year. but it is not just about making money. if the a ccou nta nts just about making money. if the accountants came in it might be a different type of business. we

talked about fast fashion and the sustainability element is important because there is so much criticism about fashion these days that is harmful to environment so how important is it for you?” harmful to environment so how important is it for you? i am crazy about it. but i was crazy about it before it was fashionable. as a marketing manager said to me, there is such an amazing story here, you talk about it. to me, it was natural to work with goods and local suppliers but scottish cashmere has a world—renowned reputation. suppliers but scottish cashmere has a world-renowned reputation. good luck with it all. thank you for coming in and telling us your story. any city dweller knows just how bad congestion can get — from mumbai to manchester, traffic jams are a part of daily life. now, lawmakers in the big apple are aiming to charge drivers. but samira hussain reports, it's controversial. traffic in the big apple, new yorkers have been battling gridlock for decades. it is definitely not

new but without a doubt it is getting worse. navigating new york is becoming unbearable. 0ur regional population has grown from 90 million, expected to reach 21,000,020 20. the failing train system has driven more commuters to use in cars, which has in turn generated more traffic. lawmakers are finally addressing the issue. they want to implement congestion pricing so that means charging cars and trucks for a fee for driving into the city. the money it makes will go directly into improving you your‘s ageing subway lines. new york is late to the game. cope and hagan is late to the game. cope and hagan is the latest to implement congestion pricing. when london did it in 2003 there was a dramatic drop in the number of cars entering the city centre. a were exempt and with the meteoric popularity of

ridesharing companies, traffic in london has skyrocketed leaving the mayor to the exemption. new york has already levied a congestion fee on taxis and hire cars but cab drivers are challenge it in court saying the increased cost will hurt their business. new york's subway system is in desperate need of upgrades and congestion pricing could be a way to fund it. but new york, like other cities in the world, costs more to live in the centre. so it is lower income people that will show the burden of the congestion fee. income people that will show the burden of the congestion feem would be very regressive if it did not include a comprehensive plan to address congestion and transportation outside of manhattan. because it is the out of borough people that go into manhattan that would be paying the price. whether new york implements congestion

pricing will be decided by the end of march, but the soonest the city will actually see some money from it will actually see some money from it will be january 2021. let's see how that plays out. james bevanjoins us again. please explain this pigeon story, how do you sell a pigeon for £1 million. you have to have two keen people. also they have to have a lot of money. there are a lot of breeders in china and they both wa nted breeders in china and they both wanted access to the genes of the pigeon. they do need strong wings but also their homing instinct. and the price tag reflects the appetite people have too have that in china. for anyone doubting why, the article explains, the last three races of his career, the ace pigeon

championship, the pigeon 0lympiad and the anglo and he won them all. the lewis hamilton of pigeons. we we re the lewis hamilton of pigeons. we were asking you what you have been buying on an impulse. this obviously wasn't on impulse, the bidding war. james got in touch and said i got my —— so james got in touch and said i got my —— so my pigeon on ebay for the 22nd time. but there are news we may get real—time updates on how the economy is faring and this is technology allowing us to learn more about the economy as it happens? absolutely, for a long while everybody recognise the gross domestic product data is subject to revisions and there has been reliance and lean indicator survey data. this is where we get economic data pipe through so we can

see precisely what is going on. fascinating and thank you very much, james. thank you also for your company and we will see you tomorrow. good morning. yesterday was dominated by rain. it did give us some lovely rainbows. but today will be dry for most and it will be milder compared to the last few days as well. high pressure trying to squeeze in from the south. we have got this week, warm front moving its way eastward through today. that is introducing the mild air but also giving us the moisture, the cloud we have got this morning and that will stick around into the afternoon. the cloud is enough to give a few breaks and brighter, sunny spells for england and wales. the cloud thick enoughin england and wales. the cloud thick enough in western, northern scotland to give outbreaks of rain. 11 to 13

degrees northern parts and 12 to 14 celsius across england and wales. tonight we keep a lot of cloud and turning misty and murky. there will be hilland turning misty and murky. there will be hill and coastal fog turning misty and murky. there will be hill and coastalfog into wednesday morning. the rain edging into northern ireland and potentially the lake district by the early hours of wednesday morning. another mild night, temperatures no lower than six to nine celsius. we are under the influence of this mild airand the warm are under the influence of this mild air and the warm front clearing away. you notice the north of this next weather system, you have the colder air across the far north of scotland. they will be some sunshine here during wednesday. elsewhere, any fog will tend to clear and like today, any breaks in the cloud will give a few bright or sunny spells where it will turn mild. temperatures 15 or 16 degrees for england and wales and 11 to 15 celsius for scotland and northern ireland. going into thursday, high pressure is ireland. going into thursday, high pressure is across ireland. going into thursday, high pressure is across the south and keeping things settled. we have this

weather front brushing northern areas and that will bring outbreaks of rain to the north—west of scotla nd of rain to the north—west of scotland and increasing win here as well during thursday. chilly in the north of scotland or elsewhere on thursday we stopped on the familiar note of loss of cloud, —— a lot of cloud. temperatures 14, 16 may be 17 celsius. the far north of scotland will be colder. turning chilly in the weekend temperatures down to ten to 13 celsius. there will be rain around during friday but generally speaking it stays mostly dry over the next few days into the weekend. goodbye.