. >> rose: we conclude with george osborne former chancellor. >> he would say because he's shaking up the political establishment and reaching out the people who supported him for the rest of the world, britain included, it make it a challenge because the united states is a bit more unpredictable and we don't exactly know what the view of the u.s. is going to be towards nato or russia or syria or trade. and you know, that's going to be something that i think is going to concern the world until we hear more from this administration. >> rose: mike morell and george osborne when we continue >> rose: funding for "charlie rose" has been provided by the following: >> and by bloomberg, a provider of multimedia news and information services worldwide. captioning sponsored by rose communications from our studios in new york city, this is charlie rose. we begin this evening with continuing coverage of the trump administration's opening weeks. we tawg tonight about the executive order on immigration. the order restricting citizens from seven muslim majority countries from coming to the united st

george osborne, thank you for joining us. you next time. ♪ fourth straight session. >> apple returns to revenue growth thanks to the iphone 7. it could buy almost any company in the world. president trump changes his plans as he prepares to announces supreme court pick.

that does not appear to have happened in the way that people like george osborne when he was chancellor were hoping would be achieved. yes, the rebalancing the shift away from the financial services into more manufacturing... on the march of the makers, i am not wearing a high vizjacket but you can pretend! it is not necessarily happening to the same extent and a lot of people thought that the depreciation of sterling that has fallen by 50%, that we would get that post, but big manufacturing firms that export globally, they do not necessarily know what they're trading emissions will be with the eu, a very large market and more generally with the rest of the world afterwards. -- 1596. many manufacturers are enjoying a boost to their exports because that is cheaper. it is not cheaper for them to import materials but it is cheaper for people to buy our stuff abroad. there are offsetting factors like you mentioned, they have to import stuff and to put into the exports that they are exporting and they are more expensive. on the other hand, the euro, it is depreciating at the same time as ste

george osborne... people believe there are going to get that money for the nhs from the bus!during the campaign, not tonight, please! let's go to the telegraph, britain on a trade crusade, the international trade secretary, liam fox, is already scoping out the lie of the land, you would expect that, wouldn't you ? of the land, you would expect that, wouldn't you? he's doing what is called trade audits, starting to prepare the ground for doing deals, in talks with about 12 countries, and eu leaders have tried to say, you can't start doing any trade deals now, but they are saying...m isa deals now, but they are saying...m is a bit ofa deals now, but they are saying...m is a bit of a grey area, surely we can be talking to anyone we like. to me, that makes sense, i don't think thatis me, that makes sense, i don't think that is unusual, and lots of sectors are doing trade emissions all the time outside the eu, so i don't think there is anything surprising in that. but later in the article, david davis, the brexit secretary, says that the government is really keen to bring back tha

blue on blue, as it was known, turned into all—out war when george osborne theorised about a harsh brexit could see include a 2p rise on the basic rate of income tax to 22%, 3p rise in the higher rate to 43%. it is probably the most irresponsible act by a chancellor i've seen in 24 years in the house of commons. then everything stopped. the labour mpjo cox is killed in her west yorkshire constituency. the labour mp and mum of twojo cox was murdered in a street in her constituency. her killer idolised the nazis and would later be sentenced to life in prison. the referendum gave way to reflection. campaigning resumed a few days later, and there was this final plea from the prime minister. so, as you take this decision whether to remain or leave, do think about the hopes and dreams of your children and grandchildren. the big finish, the bbc‘s great debate at wembley arena. that's the enormous audience, we have a massive stage which has six lecterns on it, shall we have a debate about the eu? are you all ready? come on! the closing arguments went like this. the economists, the scientists, the

the sea suite from david and then a global view with a south african central bank governor and george osbornef executive officer of saudi arab go. the big day on bloomberg television tomorrow. for bloomberg markets. have a look at where european equities and today. this is bloomberg. ♪ ♪ mr. buffett: i said what do i do with this money? he said, investing it is about assigning the right use for the money. i did not want to go to college. i went to omaha. i had $175,000. i thought that was all i would need to let the rest of my life. david: did you ever run into that guy again? mr. buffett: he needs protection now. david: when you had your first annual meeting, how many showed up at that? any advice to a young investor who would like to emulate you? >> would you fix your tie, please? david: most people would not recognize me if my tie was not fixed. let's leave it this way. all right.

it's interesting that phrase northern powerhouse is a phrase associated with george osborne, the conservativewas wrong, in my view. we had regional development agencies. we now have local enterprise partnerships. in the case of our agencies, we put a shed load of money into the regions, but we didn't create the point of decision making fun of accountability, that i think local enterprise partnerships... that the northern powerhouse is trying to do. we had money, but we didn't have local power, accountability, and i think they are important. another potential mistake, did you try to send too many people to university? absolutely not. now it is more about skills and vocational skills, rather than degrees? no. we were absolutely right to widen opportunities for those that wanted to go to universities, not just straight from school but from colleges, further education, following different routes into university. what we now need to do is to create the equivalent excellence in the technical education, the skill raising, that we create for the other 50%. that is what i would like to see happen now.

the likes of george osborne, a lot of people remain silent.l get a lot more difficult for her. at the moment it feels she is making the running. this is the early skirmishes of what will be giant warfare. do you agree? what theresa may has done has made brexit is like a cult. if you don't belong to it, you are shunned, you do not get on tv, do not get asked to parties and you are excluded. a lot of people are afraid to stick their heads above the parapet. are you optimistic for a post brexit britain? are you down on it? at the moment, the odds are it is a deal that prioritises jobs, the economy, not looking great. turning britain into a giant tax haven that would mean cutting public services would chill everyone. in british politics, if it is about our relationship to the european union, rather than say, like we have gone through the longest fall in living standards is the 19th century, that squeeze will come back. the housing crisis, the lack of secure jobs, which is why many communities voted to leave, because they felt they had lost control

he was chief of staff to george osborne, the former british chancellor. we keep on saying because you were former chief of staff because we are trying to work out number 10 and number 11. what do we know about what theresa may thinks? pound falls when she says she wants to curb immigration. she said it in september. why are markets not believing her? rupert: i don't think what teresa thinks has changed very much. we've got to keep our eyes on the fundamentals of this negotiation, these two redlines she set out about immigration and no jurisdiction for the ecj. you are heading for full brexit, the new word for hard brexit. we are not going to be in the single market. there are details about which bits of the customs union you are in. i think there's a tension for markets. you get these occasional political reminders of direction. in between that, the data has been holding up better than people expected. and you get periods of political calm, people expect pound is a bit undervalued. maybe the bank of england is going to have to shift. people get brought ba

i was with the former chief of staff to george osborne. he was telling me that once you are in power, the last thing you want, no matter what you say, is tighter policy. marcus: i think donald trump may not want as much as he seems to think he does. everyone is expecting minimum two, more likely three, this year. i don't think the report was strong enough to suggest we've got one nailed on for march just yet, but we've got another decentpaleo report -- payroll report, then march becomes a certainty. any chance we've seen of any weakness, yellen has always yanked the handbrake on. i don't think that is going to change. i don't think she's going to do another term, but i don't think she wants to anyway. of the three mentioned, i think kevin walsh is the more likely one. francine: what do we know about him? does an appointment by donald trump mean that the central bank is less independent? not necessarily. he's served before. he's a very intelligent young man. i think he's got some interesting things to say. he's one of many people who could

george osborne gave some when he was in power.dy by asking for more? we think that in these really uncertain times of brexit and after some difficult trading years. whiskey, fairer taxes. she is really a good way forward. 70% of what is spent on scotch in the uk is tax. 7796 is spent on scotch in the uk is tax. 77% is staggering. to keep on investing and growing itself internationally as it has done for years. 0k, scottish health action in response to previous tax cuts have said that making alcohol cheaper makes the problem around alcohol abuse and addiction worse. what is your response to that? well, we believe that there are lots of things that cause people to drink and pricing isn't the solution, we think, to alcohol and reducing alcohol harm. we are completely committed to working in partnership with governments and other action groups to help reduce alcohol harm but the figures themselves are actually moving in the right direction, price aside. alcohol consumption over the long—term has reduced over the last ten years or so a

have heard lots of initiatives over the yea rs heard lots of initiatives over the years from george osborneusinesses? i think mrs may's stance is different to mr osborne‘s. mr osborne‘s was, let‘s leave it to the market and hope the market gets it right. we will not do much. mrs may is talking more substantially about real intervention by government, with the expectation that she doesn‘t think that business alone will be able to sort out our problems. let's move onto one show. they begin the biggest dividend pay—out of 2016 —— shell. what are your views on that? i think the oil price will remain in the trading range. it may go up, but it is likely to be noisy and bumpy rather than unidirectional. the border issue for dividends within the uk is that we now have a relatively narrow base of very big company payments. so we have five companies paying 30% of dividends, and a lot of these dividends are due to the strength of the dollar and the euro relative to the dollar and the euro relative to the pound. so they might reverse this year. i think 2017 will be a much more tricky year than 2016. fi

intervention today from lord macpherson, he was the most senior civil servant at the treasury under george osborne gordon brown for a tiernls as well. he suggests there is now a willful destruction of the eu expertise going on in downing street and talked about amateurism in the process. not what downing street will want want to hear as they are telling us they want to get the best detailfor britain as telling us they want to get the best detail for britain as they are triggering ar 50 in a few months‘ time. well, damian in brussels a shock for number ten, how much of a shock for number ten, how much of a shockis shock for number ten, how much of a shock is this for mr rodgers‘ ambassadorial colleagues in brussels? well, i think it is a little bit of a shock but i think there is an understanding here about there is an understanding here about the intense pressures around brexit. now there is a few things to say here — i mean here the view amongst some of those who knew sir ivan and dealt with him was that he was not, his background was not particularly, asa his background was not particularly, as

as europe and while our relationship is not quite as good as that under the david cameron and george osborne's way from china to the uk, we had that just last week. way from china to the uk, we had thatjust last week. does chinese investment come with the caveat? for example chinese investment in other countries often means chinese workers go to those countries to workers go to those countries to work on those projects and in those plants? it is very different for the uk. what china wants with the uk is access to a lot of our service industries and even things like real estate, but even a lot of the advanced manufacturing or some of the brands. none of the deals here have really involved hordes of workers turning up and building the infrastructure projects. it has been about accessing some of the advanced levels service side, or brands, like if you remember weetabix quite a few yea rs if you remember weetabix quite a few years ago, that is the kind of thing china wants from the uk. going forward , china wants from the uk. going forward, do you think a deal with china or the us combined, can th

everybody who has had anything to do with simon rogers, including george osborne, has been incrediblyches brexit. we should be much further forward by now, we should have much more clarity. british people are getting a bit fed up with the lack of information. this is another case of the government not dealing with brexit as well as it should. this programme has discovered that some staff at a private ambulance company have had as little as one hour‘s training to drive under blue lights. nhs trusts are increasingly using companies and charities to respond to emergency calls when they don‘t have available crews themselves. the private ambulance company, based in basildon in essex, has a contract to respond to 999 calls for the nhs ambulance trust in the east of england, as well as emergency transport between some hospitals. whistle blowers have told this programme about a lack of training, dirty conditions in the vehicles and inappropriate equipment. the company denies the allegations, and says all its staff have appropriate qualifications. here‘s a short extract from our reporterjames

was speaking to the former chief of staff for george osborne. he says no matter what politicians say, once they are in charge, they want low rates. jeremy: exactly right. we know a little bit about what trump wants around the fed in so much that the way he structured his campaign was, disagree with everything obama had done. obviously janet yellen is an obama appointee. he could galvanize his base by saying obama has done this, disagree with it, and i will replace her. noises we are hearing from the administration in the grand scheme of things tend to suggest they are slightly more happy with higher rates of inflation. he is a real estate guy. they like low interest rates. it is a difficult circle. francine: how do you see -- how much can foreign -- between foreign policy and the fed, what do you worry about the most? jeremy: i think it has to be foreign policy. easynk he will pick some fights in his first 100 days. he will pick a fight against mexico, i think. i don't think he will take on china too dramatically. francine: what does that mean?

if you look at the sequence, george osborne two years ago announced he was cutting u.k.nd that's agreed now. and we're 12.5%. so the differential isn't great. during the referendum, chancellor osborne said he was going to bring the copper rate below 15% but the new chancellor, phillip hammond, said he wouldn't be bound by that. so while it may come down a little, they're already at 17%. they're not a high conference text. it sounds like the u.s. at 35%. tom: let me ask the two of you a question, the financial times said this today. francine: moving do dublin. tom: the united kingdom is a new singapore. the u.k. is singapore and for that matter dublin is singapore. michael: people are only looking at the e.u. bit. the united kingdom is bound by the oecd rules which they negotiated as participants. and the mandate now on corporate tax is significant and quite tight. and the deal is not only on rates but other tax breaks. it's not possible under other international agreements. tom: to be a singapore? michael: it's not possible. francine: i want to ask you about this, they w

george osborne, ex— chancellor, has taken ona osborne, ex— chancellor, has taken on a new banking rolepicture of hollywood. there is a story here. all week stories about foods you can or can't eat. mushrooms are the superfood a p pa re ntly eat. mushrooms are the superfood apparently they can help against dementia. there are mushrooms on the front of the daily mirror as well. they are not talking about mushrooms in your breakfast but a horse or moan they say is being injected into some meat. they are calling it a scandal, a british meat scandal. —— hormone. also, donald trump and his interview last night with abc. the television channel. also the fact that theresa may will of course be speaking and meeting with president trump tomorrow and she is visiting republicans, calling for stronger times next robert ties between the two countries. the telegraph have transport story. after all of the trouble, there is a claim that ministers are planning to take over. then, look at that. i love these pictures of mary, yet in! —— get in! cani pictures of mary, yet in! —— get in! can i take you insi