from the regulatory apart from the regulatory environment, there is a clarity of the direction where things need to be a net zero, on things like infrastructure investment, getting the clarity would help businesses invest in parallel with the government in many areas. so, that's very important. the other thing is stability, so stability in terms of the fiscal environment, but also in terms of inflation and interest rates and where they are going. not all about the government can do, but they can influence it in ways. do, but they can influence it in wa s. , , ., do, but they can influence it in wa s. , ., ~ in ways. interesting you talk about push _ in ways. interesting you talk about push the _ in ways. interesting you talk about push the net - in ways. interesting you talk about push the net zero. - in ways. interesting you talk| about push the net zero. one thing that many will be a bit confused by this report is that the chancellor would back the expansion of uk airports. at the same time, trying to maintain the targets on a transition to green energy. can the two go hand—in—hand? transition to green energy. can the two go hand—in—hand7i transition to green energy. can the two go hand—in—hand? i am the two go hand-in-hand? i am not an expert — the two go hand-in-hand? i am not an expert on _ the two go hand-in-hand? i am not an expert on green - not an expert on green transition, so i'm probably not the best person to answer it. i

think we need to think of it is what the benefits you are getting out of it and how do you have set it in other ways? you still need to fly, can we generate energy in a more clean way, in a different way?- way, in a different way? thank ou ve way, in a different way? thank you very much- _ way, in a different way? thank you very much. just _ way, in a different way? thank you very much. just time - way, in a different way? thank you very much. just time to i way, in a different way? thank| you very much. just time to run you very much. just time to run you through a couple of other business stories. president trump says he is considering a 10% tariff on chinese makers io% tariff on chinese makers from february, because he says they are sending fentanyl to mexico and canada. it would be far less than the 60% taxi talked about on the campaign trail. use also threatening to puts import taxes on mexico and canada. there is no law though stories on the bbc website. this includes the latest on

borrowing figures for the uk that rose once again. we will have more for you throughout the day, but that is your business today. hello i'm karin giannone. coming up in a few minutes, we'll have live coverage of prime minister's questions. prince harry has reached an out of court settlement with the owners of the sun in a long running case linked to phone hacking. news group newspapers, which publishes the sun, offered a full and unequivocal apology to the prince, for serious intrusions into his private life. it will pay substantial undisclosed damages. it's also apologised for intruding into the private life of his late mother, diana, princess of wales. prince harry's lawyer has called on police to investigate the company. prince harry was not in court — but his barrister, david sherborne, gave this statement to the reporters gathered outside.

at her trial in 2014, rebekah brooks said, when i was editor of the sun, we ran a clean ship. now, ten years later, when she is ceo of the company, they now admit, when she was editor of the sun, they ran a criminal enterprise. farfrom being relics of a distant past, many of those behind these unlawful practices remain firmly entrenched in senior positions today, both within news uk and other media outlets across the world. wielding editorial power and perpetuating the top —— perpetuating the top —— perpetuating the top —— perpetuating the toxic culture in which they try. it's no surprise that the senior executive and editors refused to turn up to give evidence. the of these key individuals to

come and answer questions under oath spoke volumes in itself, but their collective silence is deafening. that is prince harry's barrister, david sherborne speaking the in the last hour. live to our correspondent rich preston outside the court. a full and unequivocal apology, and we had tom watson speaking earlier outside the court. and speaking out to nathan sparks, head of the group against press intrusion. i have victoria stay for prince harry and four hacked off.— for prince harry and four hacked off. yes, all these claims against _ hacked off. yes, all these | claims against newspapers hacked off. yes, all these i claims against newspapers of the last— claims against newspapers of the last decade this litigation has gone on, and they have paid

out over— has gone on, and they have paid out over £1 — has gone on, and they have paid out over £1 billion over that period. _ out over £1 billion over that period, settling these claims, all to— period, settling these claims, all to maintain this argument that— all to maintain this argument that the _ all to maintain this argument that the sun was not involved in illegal— that the sun was not involved in illegal behaviour of any kind, _ in illegal behaviour of any kind, but today finally they have — kind, but today finally they have admitted that actually that — have admitted that actually that was all untrue, the son was — that was all untrue, the son was involved in illegal activities.— was involved in illegal activities. �* ., , ., activities. and it was that admission _ activities. and it was that admission that _ activities. and it was that admission that was - activities. and it was that admission that was key i activities. and it was that l admission that was key for activities. and it was that - admission that was key for the duke of sussex, wasn't it? absolutely critical, and the newsgroup is ride on this the dodge — newsgroup is ride on this the dodge responsibilities, for the levenson inquiry and to repress all of— levenson inquiry and to repress all of that, _ levenson inquiry and to repress all of that, they have said the it was— all of that, they have said the it was limited to the news of the world and did not happen at the song, — the world and did not happen at the song, and now finally they've _ the song, and now finally they've admitted it is not true, _ they've admitted it is not true, illegal behaviour did occur— true, illegal behaviour did occur in _ true, illegal behaviour did occur in the sun newspaper. is there occur in the sun newspaper. there an occur in the sun newspaper. is there an element of disappointment to you that this did not go to full trial and

evidences were not caught in court? ., , ., , evidences were not caught in court? ., ,., , ., evidences were not caught in court? ., , ., ., ., court? the reason why a lot of us wanted _ court? the reason why a lot of us wanted to _ court? the reason why a lot of us wanted to see _ court? the reason why a lot of us wanted to see a _ court? the reason why a lot of us wanted to see a try - court? the reason why a lot of us wanted to see a try was - court? the reason why a lot of us wanted to see a try was to l us wanted to see a try was to -et us wanted to see a try was to get the — us wanted to see a try was to get the allegations out in the open, — get the allegations out in the open, prove it in court and avoid _ open, prove it in court and avoid the _ open, prove it in court and avoid the situation where a settlement can stop them being heard _ settlement can stop them being heard. the fact we got this admission proved it happens, and it— admission proved it happens, and it happened anyway, but there — and it happened anyway, but there are _ and it happened anyway, but there are still this wider issue _ there are still this wider issue about the cover—up and everything else, we now know there — everything else, we now know there was— everything else, we now know there was a huge amount of illegality at the sun. the news of the — illegality at the sun. the news of the world, the people, the mirror, — of the world, the people, the mirror, they are facing all these _ mirror, they are facing all these allegations and we still haven't— these allegations and we still haven't had an inquiry. it was promised _ haven't had an inquiry. it was promised to the public, without the scandal was focused. prince harry and _ the scandal was focused. prince harry and his — the scandal was focused. prince harry and his statement - the scandal was focused. prince harry and his statement via - harry and his statement via david sherborne, his barrister, said it was not for him but other claimants who are strong—armed into cecil. if you

refuse the offer, the whole system is setup to claims reaching trial, they are denying the illegality as, and the sun has maintained this case, no legal activity happened, the victory vindicates all those claims and they were lied to when they said this would be a done. the newsgroup _

said this would be a done. the newsgroup are _ said this would be a done. the newsgroup are clearly desperate to protect individuals from potential consequences, this has been part of the strategy along — has been part of the strategy along with these cases, and this— along with these cases, and this underlies why this happen, we know— this underlies why this happen, we know a _ this underlies why this happen, we know a huge amount of illegality happen, but we don't who commissioned it or who was responsible, there are people who will— responsible, there are people who will be responsible for activities who have never been held _ activities who have never been held properly to account. what next for news _ held properly to account. what next for news group _ held properly to account. twist next for news group newspapers and for hacked off?— and for hacked off? clearly news group _ and for hacked off? clearly news group newspapers i and for hacked off? clearly l news group newspapers have and for hacked off? clearly - news group newspapers have been forced _ news group newspapers have been forced to _ news group newspapers have been forced to make the submission today, — forced to make the submission today, they've tried to, it's up today, they've tried to, it's up to— today, they've tried to, it's up to the _ today, they've tried to, it's up to the government legislators, they've been scared _ legislators, they've been scared of murdoch and scared to act out _ scared of murdoch and scared to act out in — scared of murdoch and scared to act out in the publisher's interest _ act out in the publisher's interest. this is what happens

when — interest. this is what happens when you _ interest. this is what happens when you align yourself with a publisher like that, they need to come — publisher like that, they need to come forward with the second part and — to come forward with the second part and get to the bottom of the scandal once and for all. very— the scandal once and for all. very good to get your perspective, thank you very much. a full and unequivocal apology, monumental victory for prince harry, but by far definitely not the end of the story. definitely not the end of the sto . ., ~ definitely not the end of the sto . ., ,, , ., definitely not the end of the sto . . ~' , ., , definitely not the end of the sto. .mg , . story. thank you very much. plenty more _ story. thank you very much. plenty more coverage i story. thank you very much. plenty more coverage of i story. thank you very much. plenty more coverage of the developing story here on bbc news. as we approached midday, coming up in a few minutes, prime minister's questions. let's have a look inside the commons chamber. live to westminster and our political correspondent damian grammaticas. what we expect to him most about today? we what we expect to him most about today?— what we expect to him most about toda ? ~ , ., , about today? we will see, many thins about today? we will see, many things that _

about today? we will see, many things that happen, _ about today? we will see, many things that happen, the - about today? we will see, many things that happen, the leader l things that happen, the leader of the opposition could choose to take questions on a number of different ways. one issue that has been dominating the last 24 hours or so is the whole issue of terrorism, knife crime, how to tackle terrorism that we saw in the wake of southport killings and the developments there with axle reader cabana pleading guilty, we wanted to look at the way terrorism was changing threats, and more people buying knives online, so there may be a question there that the leaders the opposition, can be badge and arc, wants to look at. there is still criticism swirling around the information that came out at the time, and

just after those attacks that the perpetrator, there was a lot of misinformation and false information online, that fuelled rights at the time, as the claim from the conservatives, that the question whether they could have done more central time, she may want to press on that, that may be one thing that she will pick up. that may be one thing that she will pick up-— that may be one thing that she will pick up. what we expect in terms of questions _ will pick up. what we expect in terms of questions on - will pick up. what we expect in terms of questions on the i terms of questions on the economy, rachel reeves and decisions made on the budget? this has been a running theme and it will continue to be all the way through until the next election. the issue at the minute is, as you say, the decisions in the budget and the

pressures that have built on the chancellor, rachel reeves, and as new figures have shown in the month of december, it was higher—than—expected. that squeezes her room for remover even more, so she faces looking at the economic outlook. she could face some difficult choices coming down the line, so we've seen the leader of the opposition, kemi badenoch, pressing on that, and now she may again want to ask questions on that too, but it is a difficult question if you're a leader of opposition, or a difficult choice, do you focus on one issue and try to really put the prime minister under pressure on that, or do you sort of spread your questions across a number of issues, because you do so, you get more chance of landing blows, but

equally you mightjust equally you might just dissipate equally you mightjust dissipate your attacks, and we have things internationally, president trump's inauguration, questions from that, kemi badenoch may want to pick up on that. , ., badenoch may want to pick up on that. ,., . ~' badenoch may want to pick up on that. . ,, ., badenoch may want to pick up on that. ., ., , . that. going back to domestic issues, that. going back to domestic issues. how _ that. going back to domestic issues, how much _ that. going back to domestic issues, how much scrutiny i that. going back to domestic| issues, how much scrutiny as they're on the whole issue of knife crime, given various events and stories that happened in the last few days? yes, the first issue, arising from the southport attacks, 17—year—old axel rudakubana was able to buy a knife online from amazon and get that, despite the fact he had a history that was known to authorities violence. he had i think a conviction for violent behaviour at school, and the law, you can buy a knife if you're under 18 in most instances online, so keir starmer today saying he will bring in a change the law to force online retailers, to have

a two verification we have to show id and record a video that can then be reviewed to check your age. amazon says it already carries out multiple checks, and it is doing an inquiry into what happened in this case, but that sort of question is one thing the prime minister has highlighted. he also highlighted broader issues generally about the growing threat of lone attackers radicalised by exposure to violent content online and said he wants to do something about that kind of exposure, that kind of isolation where young people are not going into work, in relation to growing concerns about knife crime, violence. those

are elements that have been focused on because of the aftermath of that south but attack. he on because of the aftermath of that south but attack.— on because of the aftermath of that south but attack. he mentioned the fact there is — south but attack. he mentioned the fact there is any _ south but attack. he mentioned the fact there is any president - south but attack. he mentioned the fact there is any president in - south but attack. he mentioned the fact there is any president in the i fact there is any president in the white house. keir starmer has done a lot of foreign travel in the last few months. a trip to washington for the inauguration was not one of them? ., . ~' the inauguration was not one of them? ., ., ,, i. ., the inauguration was not one of them? ., ., ,, ., them? no, and i think you would say that he has. — them? no, and i think you would say that he has, and _ them? no, and i think you would say that he has, and he _ them? no, and i think you would say that he has, and he has— them? no, and i think you would say that he has, and he has said - them? no, and i think you would say that he has, and he has said all- that he has, and he has said all along that he had a personal meeting with donald trump earlier last year and that was with donald trump, he had dinner with donald trump and he said donald trump came to dinner and the government line is that the two men got on well there and they thought that was an important step forward and what will matter now is the relationship that were built. it the relationship that were built. it is beginning, let'sjoin mistress questions.