carolyn fairbairn is director general of the cbi, she told the bbc general of the cbi, she told the bbcpossible no deal scenario what lead to significant chaos in terms of regulation and tarrifs coming in quickly. it all relies on a good deal at the end of the day which means a comprehensive free trade deal which allows barrier free trade with the european union. what they are very clear about is that no deal is a recipe for chaos and the strong message we get from businesses is that it can't even be plan b, it must be planned z. the other thing they really want is for the negotiations to get off in a very collaborative way, in a way which sta rts collaborative way, in a way which starts showing progress so they can continue with their business, planning for a positive outcome. it is very important for good relationship with our european partners, and i been very encouraged, spent a lot of times in paris recently with politicians and officials and the sense of shared interest in a new free trade outcome is very strong. we need to go into these negotiations with a sense of mutual underst

earlier the director—general of the cbi told us the director—general of the cbi told us that a possibleipe for chaos and a strong message we get from businesses is that it can‘t only be plan b, it needs to be plan z. they want negotiations to get off in a collaborative way that starts showing progress so they can continue with their business planning for a positive outcome. how important is that good relationship? very important, the good relationship with european partners. i have been very encouraged, i spent a lot of time in paris and berlin recently with businesses, politicians and officials and the sense of a shared outcome is very strong. we think it is very important that there is a very early guarantee of the rights of residence for european citizens in this country and we think that if the uk government gave that very early on it would be a strong signal that that is the kind of way that we want negotiations to continue. there is a strong moral and business case. what about the distinction between skilled and unskilled workers? we know that we have many businesses in this count

we have the chief economist from the cbi. let's talk about this war chest. 27 billion pound figure, which i keep hearing about. where does this money come from? >> one thing that we've seen is better growth in the economy, so that means that the obr is likely to forecast better growth for this year and that's translating into tax receipts, particularly from corporations. that is adding to 10 billion pounds per year that the chancellor will have to play with over this parliament relative to where we were in the autumn statement. i think we are expecting him to bank some of that, save it maybe for a rainy day, which is a sensible thing to do, given where we are. he will have some leeway, maybe 2 billion, 3 billion pounds to look at priority areas for spending. we would like to see some of that used to relieve some of the rising burden from business rates in particular. we were also pleased to see that the chancellor will prioritize technical education. >> the business rates. why is this such a clumsy situation that so many comp

. >>> and a local college basketball score for you in the cbi. george washington loses to the universities illinois chicago. tyler kavanaugh lid the way for gw with 24 points, but the colonial season is >>> opening day two weeks away, spring training a great place to work out the kinks. bryce harper finding out about that in the second. randell sends one harper's way. bryce throwing home. it sails way away from home plate, it's just spring training. harper make up for it later, top of the fourth, makes a gredivin catch. you love seeing that, but he needs to save those for the regular season. >> yeah. >> also went 2-4 at the plate. but the yankees beat the nats, 9-3. like we said, it was -- >> spring training. case of the mondays overall. there is hope. we're going to go to bed >> wake up with a new attitude. >> announcer: while everyone discusses the future of health care, 18 million americans are already choosing it.... with medicare advantage: a proven public-private partnership, where health outcomes are valued over volume. where early interve

carolyn fairbairn is the director—general of the cbi.the co—founder of a consultant and tax adviser company in surrey. the rise in national insurance for self—employed people really is attracting all the headlines tonight. what is your thought on that? we work with the 7000 self—employed cleaners across the uk and this will affect every single one of them. for me it is a short—sighted measure to raise revenue and it affects people on lower incomes. it is over £16,250 and everyone will pay more. that is really targeting families, people who are trying to support themselves and their kids. i think that is really negative. we should be celebrating self—employment and helping people take that risk to go into business, rather than penalising them. the government should be focusing on that and coming up with regulations and way to help them rather than taxing them. some people watching might say, could you not employ them properly and make them proper staff and give them all the rights and sick leave and maternity benefits that come with that?

if you look back to the referendum the cbi did report that pointed out that the risk on $90icated oilces was extremely optimistic. those at -- things have changed. for joining us. let's continue our conversation with what is happening more broadly in the u.k., brexit is one of the big issues on the agenda, one of the big items to deal with. your ability to recruit talent and hold on to them? >> we have said that the impact on us would be in direct area our business benefits to a degree on the weakness of sterling. depend a lot on people coming in from europe, immigrants from outside europe, with their skills and abilities and we people.n semiskilled i think we see everywhere that that is beginning to happen. the weakness of sterling does not mean in euros, people are not convinced they are welcome here and that is the problem. wonder what you think about the weakness of sterling here. it has had its worst month in 30 years as far as an absolute level and the shorts are big there. making it possible that there could be a bounceback if all the bad news is priced in. how do you hedge aga

cbi is expected to contract a little to .2%.an eye on a few stocks out of china today, particularly the big airlines, air china, china southern and china eastern, all three reported a combined profit of the biggest in five years, and net income was short of estimates. and a lot of data out of china as well with manufacturing and nonfood manufacturing pmi. i'm paul allen in city. more from "bloomberg technolog'' next. - i'm paul allen in sydney. cory: this is "bloomberg technology." concernedars are about the future of a landmark agreement between the obama e.u.nistration and the that protects europeans personal data. it is called the privacy shield. and it lets u.s. companies like facebook and google transfer customer data from europe across the atlantic to the u.s. and the promise that it will be protected by stricter european privacy laws. since the deal went into effect, donald has been elected and has expanded u.s. surveillance powers. the new commissioner flew to washington this week to seek reassurance the new administrati

there is another tournament called the cbi. and usf got a birth in that one and will travel to rice for a game on wednesday. >>> so it is now time to fill out the brackets and don't be surprised if you are an employer. if a lot of people develop a malady that keeps them home. >>> how great would that be to see stanford taking on connecticut? >> it has happened before and not to stanford's favorite. >> it will be awesome for us. >>> so great for uc davis. >> never been there before. >>> awesome. >>> thank you, joe. >>> you bet. >>> and we are tracking the temperatures today. it was warm out there. we got up there. santa rosa 81. 80 in napa. those are a couple of the warm spots. look at 83 in fairfield. this is the warmest spot. your back yard could have done that. today is going to end up being the warmest day of the week. temperatures are going to trend down from here. as a weak weather system makes its presence known with the slight chance of a sprinkle. here is the system. you can see it. it is massive looking. most of the en

ucf made the cbi, they will take on rice university tomorrow. lots of bay area post-season action going on. >>> how many tournaments are there? >> a lot. uc davis. didn't they get somewhere, going for the first time ever? uc davis is in the ncaa tournament for the first time. a lot of northern california interest. >>> joe keep us posted. we will see you later. thank you. >>> college big dance is returning to california state capital since 2007. sacramento will host the men's tournament on friday and sunday. the teams seated in the midwest and south regional including ucla and oregon and all of the games will be played at sacramento golden one center. >>> warm today and here are the highs. in some cases cooler and the areas inland warmer napa 81 and santa rosa 81 and antioch at 84 degrees. starting to see the 80s pop up as the days get longer and we move closer to spring. tomorrow we won't see 860s. we won't see 70s. mostly 60s as these clouds start to move in. rain up there. we have known that the last week. we are on the south end of everything

the cbi agree with us on that. thank you very much. thank you very much.fter shooting a suspected thief in the foot on his property. kenneth hugill was found not guilty of grievous bodily harm. the jury heard he used a shotgun to shoot at the side of a vehicle he found on his land in the middle of the night because he was afraid the driver was going to run him over. the former apprentice contestant and newspaper columnist katie hopkins has had to pay thousands of pounds in damages after libelling a food blogger in a series of tweets. ms hopkins suggested that jack monroe approved of vandalising war memorials when there was no evidence of it. after the verdict, ms monroe's lawyer said people need to understand that being defamatory on social media is permanent and you can be sued. david sillito has more. jack monroe is a food blogger and campaigner. throughout these tasks, i hope i have never trodden on anyone to get where i have got to. you have. katie hopkins made her name as an outspoken contestant on the show the apprentice macro, and went on to become

. >> i was looking at some comments from the head of the cbi who warned that leaving the eu without a trade deal is not only wrong but irresponsible what do you think will happen if the uk is left to fall back on wto rules after brexit? >> i think we're in a bad place. people forget that we were actually on track, our economy was on track to overtake germany in the '20s and '30s, we could go back to where we were before we joined the european union, the sick man of europe, even behind italy. it would be the worst of all cases. >> your training is in economics, you're a fund management by training. you are active in the asset management. >> i'm not a fund manager. i run a fund -- >> but you're very well versed in the field. when you look at the data coming out of the uk, it's extremely bullish. given that, people months ago were forecasting a recession. we are not in a recession, we're resilient to the brexit worries does that surprise you in a way? >> doesn't because we haven't left. i think nobody knows what will happen. in an area where you have such political uncertainty, such vola

usf with a record of 20-12, they will play in the cbi. the dons travel to rice for a first round game on wednesday at 5:00 our time. the charge continues to resist themselves for the upcoming playoffs with the fans of all demographics of the house. early first period tonight against dallas, the stars have trouble clearing the puck. having marlowe in front of the net with a 1-0 lead. their stars tied up the game. later in the first they would get a two-on-one breakaway. he keeps the puck and scores. the stars pulled letonen and brought in the former shark. he got a nice ovation from his former fans and then on the power play for dallas, he steals it back. there he goes, it's shorthanded against the old teammates. they go on to win 5-1 with 89 points. three behind minnesota for the top spot on the west. and two behind second place chicago. so we have said it before in the nhl. it is not about your own world record, but if you are playing right at the right of the year and they seem to be doing that. >> exactly. thank you. >> sure. >>> well

let's speak to the cbi's chief economist, rain newton—smith. good to see you.t, it is good to say our financial firms have a spring in their step at the moment with hiring up and investment intentions strong, especially in it. this has followed four tough quarters for our financial services. there are plenty of challenges for our financial services firms, they are adapting to intense competition. regularity conditions changing and thatis regularity conditions changing and that is all set against the back —— backdrop of brexit. paint a picture of the importance of financial services, we hear from of the importance of financial services, we hearfrom different parts of industry, car—makers and manufacturing, we have heard from the big banks, how important is the financial services industry? the big banks, how important is the financial services industry7m the big banks, how important is the financial services industry? it is really important to remember that passporting is notjust about our big banks. it touches so many parts of our economy. so many of our members

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fluor, cbi, these are inconsistent companies. you're not going to get me to really bite on these.e liked mastec, a better play, emcor too. let's go to richard in virginia, richard. >> caller: jim, booyah. tgif. >> exactly. i was thinking the same. what's going on? >> caller: not a bunch. i'm retired. i'm wanting to move some of my 401 mutual funds into some long term hold stocks. one of them i'm looking at is mobileye. >> no, no. way too inconsistent. i want retirement money in that stock. no way, no how. linda in new york, linda. >> caller: hi, jim. what should i do with my shares of horizon pharma? >> i don't care for horizon pharma, especially pharma is not my cup of team. i'm going to have to say take it off the table. how about joshua in my home state of new jersey, joshua. >> caller: how you doing, jim? >> i'm doing good. how about you? >> caller: good, buddy. i'm about 150% on amd so far. i was wondering with the recent pullback, do you see that as a buying opportunity? >> you got to wait until all the hot money came in. all the hot money was in for that chip that came out

in overview in the project look at the objectives of the cbi sp that we wonder similar welterweight drivers. not only will we need to do to comply with today's requirements but because of tunnel last long we also need to look to the future to make sure were being wise and were adaptable to future requirements. we want to touch on the vast array of alternatives we looked at and also review with you how we analyze green into the decision process. san francisco has an excellent collection system. transport boxes conceptualized in the late 70s were built by the end of the round 1997 actually been in operation for almost 20 years. during that time, the system functions about when it rains we capture 95% of the rain water and sewage in our system and send it to treatment facility for only 5% is discharge. source system it's objectives are to convey [inaudible] we are also trying to minimize combined sewer discharges and to manage storm water. so when we look at the project were central bayside, we are doing with the channel force main. this pipeline conveys 70% of the dry river flow to the southe

the cbi showed a survey of their members and they had manufacturing confidence at a 20 year high. ambition, theresa may's vision of a deal with the eu which is good for all quarters of the uk but also with our european friends. we are focused now on a two—year negotiation which lies ahead and focusing on a win—win deal. negotiation which lies ahead and focusing on a win-win deal. matthew pennycook, we are going ina going in a positive mood and the positive economic scenario?” passionately and tirelessly campaigned for a passionately and tirelessly campaigned fora remain passionately and tirelessly campaigned for a remain vote in my constituency but we are where we are and we need to focus on getting the right deal for our country. my colleague keir starmer said that six tests of what we need for the government. we have to be a partner and also have the type of vision for the type of country we want to see asa the type of country we want to see as a result of us leaving. we have yet to see the prime minister bringing the country behind her in it genuine consensus. you mentioned the

in overview in the project look at the objectives of the cbi sp that we wonder similar welterweight drivers. not only will we need to do to comply with today's requirements but because of tunnel last long we also need to look to the future to make sure were being wise and were adaptable to future requirements. we want to touch on the vast array of alternatives we looked at and also review with you how we analyze green into the decision process. san francisco has an excellent collection system. transport boxes conceptualized in the late 70s were built by the end of the round 1997 actually been in operation for almost 20 years. during that time, the system functions about when it rains we capture 95% of the rain water and sewage in our system and send it to treatment facility for only 5% is discharge. source system it's objectives are to convey [inaudible] we are also trying to minimize combined sewer discharges and to manage storm water. so when we look at the project were central bayside, we are doing with the channel force main. this pipeline conveys 70% of the dry river flow to the southe

commissioned these two reports last year the first was written by the former boss of the business group, the cbithe state pension will rise by at least 2.5% a year. he says it should increase in line with wages instead. the second report sets out possible scenarios for the increase in the state pension age. one of those would mean people currently under the age of 30 wouldn't get their state pension until they're 70. the government will make a decision on those recommendations in may. marcus hurd is a pensions expert at conduent hr services. marcus, good morning. good morning. we know we're all getting older, we're living longer, therefore something has to give. is this all a bit inevitable that raising the pension age is the only way to afford it? you're right. in many ways this is the end of a good news story, living longer, looking at medical advances and healthca re story, living longer, looking at medical advances and healthcare and housing, as a natural consequence the cost of pensions will increase. someone has got to pay for it so therefore many people will say i can see why it has to ri

and the member of the cbi. there is uncertainty at the moment. wants to keep its immigration down it can only stop people coming in from outside the eu. you have a situation where many people you don't want are coming in from the eu. that does not mean you want many people coming in. the only way you can stop that is to enable businesses to fish in a pond thatis enable businesses to fish in a pond that is the whole world, rather than just the eu. that has to be a good thing. business does not like the alarmism in politicians and the media saying that the world will end in the morning and all of that. the world will not change copy what will happen is the uk government will control all of this and not brussels. that is what we voted to come out for. we want to control that. i don't think you can stop immigration and unskilled people as you rightly say coming in. a few miles east of here you have the agricultural sector. were not try to stop people, we are trying to have our elected government looking after the decision as to who and what comes in.

destructive as the foreign affairs select committee put it over the weekend or it should be 0ption z as the cbioes break down, they need to start planning and recognise just how bad it would be to return in two yea rs how bad it would be to return in two years with no deal. i‘m concerned about the casualness that a number of those in government have about this very real prospect. they have said they are working on contingency plans. they are. i know we're talking way into the future and nothing is certain. if there was no deal, what would labour do? what are your thoughts on that? we have been clear, no deal is the worst of all possible outcomes. we will have to see what happens in two years, but i can‘t see any basis on which we could possibly support that destructive outcome for our country. of course, that‘s one of the reasons we want... inaudible i‘m sorry keir starmer, i can‘t hear you anymore. let‘s talk about the rights of eu migrants. why does that need to be enshrined in law. inaudible keir starmer, i‘m sorry, i can‘t hear you. thank you very much indeed. sorry about the technical diff