that is the national audit office, which has been critical.o get these installed and it will save money in the longer term is on hills and for energy firms. we will pay for these to our bills, about £17 per household, but there is a worry that the cost is escalating and it could cost more. we will be talking about something that people are really engaged with a. if you have any thoughts, get in touch with us. the former english defence league leader tommy robinson has been appointed as an advisor to the ukip leader gerard batten. the party said mr robinson, whose real name is stephen yaxley—lennon, will advise on rape gangs and prison reform. he's currently banned from joining ukip under rules which barformer english defence league and british national party members. thousands of people left homeless by devastating wildfires in california have been taking part in annual thanksgiving celebrations. chefs from across the country travelled to the state to rustle up turkey, pumpkin pie and all the trimmings. 0rganisers said they served up to 15,000

the national audit office says the government will fail to meet its own deadline to install smart metersn every home in britain by 2020. more than 39 million meters still need to be replaced. the watchdog says the programme's budget is escalating, and a million meters that have been installed aren't working. the founder of the english defence league, tommy robinson, has been appointed as an adviser to the ukip leader, gerard batten. mr robinson, whose real name is stephen yaxley—lennon, will give advice on rape gangs and prison reform. the former party leader, nigel farage, says he's appalled. two brothers wanted by police in merseyside over suspected drug trafficking offences have been arrested in thailand. joseph and gregory mulhare from wirral were detained last week in pattaya by thai immigration police. they are suspected of trafficking cocaine, ecstasy and methamphetamine in the uk. shoppers have been warned to be on their guard when hunting for black friday bargains. the consumer group which says nine out of ten deals last year were no cheaper than at any other time, while cyber s

michael kell from the national audit office explained why the governnment would miss the deadline.ortant is that when the government was deciding what kind of smart meter system to adopt for the country, they went for a technically more complicated system. they underestimated to the complexity and that means the roll—out has taken longer than they expected. the other reason is that consumers have not been as enthusiastic in adopting smart meters as the government hoped they would be. and also you have these first—generation smart meters and second—generation smart meters and there is an issue there, isn't there? tell us about what happens if a consumer, a customer, has a first—generation smart meter but then wants to switch energy suppliers. so what happens with the first—generation smart meters is, in around 70% of cases, people who have a smart meter and then decide to switch suppliers, the first—generation smart meter stops working fully so it then becomes like a traditional old—style meter, or it operates in dumb mode. so in all there are nearly a million first—generation smart

well, joining me now is michael kell from the national audit office, who is the author of that reportow as the exact cost of whatever we are doing around the house. there are more readings so goodbye to estimated bills. why is the government not on track to meet its own deadline to install them? two reasons. the first is that when the government is deciding what kind of smart meter system to adopt for the country they went for a technically more complicated system. they underestimated the complexity and that means the roll—out has taken longer than they expected. the other reason is that consumers have not been as enthusiastic as the government hoped they would be. you have these first—generation smart meters and second—generation smart meters and second—generation smart meters and second—generation smart meters and there is an issue. what happens if a consumer has a first—generation smart meter and wa nts to first—generation smart meter and wants to switch energy suppliers? with first—generation around 70% of cases people who had a smart meter ran decided to switch supplier, the firs

according to the national audit office there are 8.3 million people in the uk that are unable to paynything whatsoever. this story about the workers and conditions they are working in in order to provide us with these deals? indeed. mike mccoy big warehouses are not always the safest place to work, they are a new industry and there have been incidents of accidents. that has been drawn to attention recently, there is an amazon worker walk—out, drawing attention to the number of ambulance call—outs that have been taking place, particularly at the birmingham site. the darker side of black friday. enjoy the weekend, possibly not shopping. thanks very much. that‘s it from business live today. there will be more business news throughout the day on the bbc live web page and on world business report. have a good weekend. hello. good morning. yesterday morning, temperatures got down to -647 morning, temperatures got down to —647 degrees in 0xfordshire. this morning, it is very different. largely frost free. we have a lot of cloud around at the moment. misty and murky, and for some there will

tha national audit office has warned that the government will miss its own deadline to install smart. however, the public accounts watchdog has joined a chorus of voices, including a group of mps and citizens advice, which say the target is impossible to reach. the government has insisted that it will meet its commitment. campaigners say new laws going through parliament won't go far enough to stamp out hidden charges for renters. the tenant fees bill caps or ban these extra charges for tenants in england. wales has similar legislation under way and scotland outlawed these fees back in 2012. just a quick look at what the markets are doing. here they are. see is under a lot of pressure because of brexit. the biggest fall isa mining because of brexit. the biggest fall is a mining company with plans for new legislation in mexico making it harderfor new legislation in mexico making it harder for them new legislation in mexico making it harderfor them to new legislation in mexico making it harder for them to operate there. the biggest rise, it's the sage group, the software company. they

place, whether this is a short—term impact, whether it is a medium or long term impact, the national audit officems are simpler not ready. we picked this up and we spoke to stakeholders and border staff and the idea is that 80 months is simply not long enough. arlene foster also said this draft brexit agreement in its current form leaves northern ireland alone. as you understand it, what does that mean in layman ‘s terms? she's effectively trying to explain that because the uk has a customs union, this is a concession made from the european union, and it tonight it was simply going to be on the northern ireland within the customs union and probably within aspect of the single market —— it was only going to be northern ireland. if the deal goes through, between now and the end of the transition period all of the united kingdom is going to be in that, u nfortu nately kingdom is going to be in that, unfortunately that also means that orderfor northern unfortunately that also means that order for northern ireland unfortunately that also means that orderfor northern ireland —— in orderfor northern ire

this is based on a lot of evidence from the national audit 0ffice of evidence from the national audit officeestion the government pot civil on this matter and as we said, we are concerned the preps preparations are not as advanced as they need to be fairly short time available. other criticisms are a lack of detail given to those why do you think the government is seeing the findings are inaccurate, is the government being unrealistic, the department for transport anyway? one of the critical parts of preparing for brexit, parking lorries on the 20 and the m 26 has so far only been desk tested, it's not been properly tested. we don't know if a situation where there is no deal and lorries are being stopped at the port needing to be parked up, whether that will work or whether there will be gridlock on the motorways. another example, when we did our report there are 66 pieces of secondary legislation which need to go through the house of commons in the short time available and only 19 have gone through. whichever way you look at this, whether it's have gone through. whichever way you look at th

the youth to the united nations recentlyjoined with other radical organisations like the national audit officewait to receive payments to which they are fully entitled? the honourable lady will know that we made changes to universal credit to ensure that people are able to access 100% of their payments at the earliest possible stage, if that's what's necessary. she raises the issue of poverty. your ra few figures, there are! million issue of poverty. your ra few figures, there are 1 million fewer people in absolute poverty today, an absolute load. the hundred thousand fewer children are in absolute poverty, a record low. and there are 637,000 fewer children living in workless households. that's a record low, the action of this government and the impact of universal credit. thank you, mr speaker. durham university ph.d. thank you, mr speaker. durham university ph. d. student thank you, mr speaker. durham university ph.d. student matthew hedges was arrested when he was leaving the uae having completed his research into the impact of the arabs bring on the uae‘s foreign policy. he has been senten

-- i believe the national reconnaissance office which is highly classified, what they do, so we don't know anything about the details, but apparently they're able to pass a clean audit. >> can we find ways to save money? you mentioned this cost $900 million to do. did we reap any rewards from spending that money in terms of money saved down the road? >> there are pockets where they've said we found, you know, that -- you know, like the defense logistics agency, the way that they were accounting for certain costs, they were overestimating what things were going to cost and when they did the audit they realized they could lower internal cost estimates so they don't have to charge as much overhead to agencies. you're not -- an audit, the purpose is not to generate cost savings. the purpose of an audit is accountability. no one should expect that the audit itself is going to save a lot of money. >> when we say they failed this audit, what is failure and what does it take to get to passing? >> failure is if you just do not meet the, you know, general accounting standards for passing an audit, you're not able to show traceability all the way from when money is appropriate

pockets within i believe the national carson's office which is highly , so weied what they do don't know the details of what they do, but they are able to pass a clean audit. host: this cost $900 million to do. are we reaping rewards in terms of money saved down the road? guest: there are pockets where -- like the defense logistics agency, they were overestimating what things were going to cost. when they did the audit, they realized they could lower sim internal cost estimates so they don't have to charge much overhead to other agencies. the purpose of an audit is not to generate cost savings. the purposes accountability. no one should expect the audit itself is going to save a lot of money. they feel we say this audit, what his failure and what does it take to get to passing? failing is when you do not meet the general accounting standards for passing an audit. you are not able to show possibility from appropriation to win it is spent at the lowest level and be able to track how the money was spent over time at the most detailed level. if you cannot do that, you will not pass an audit. host: how long did this take? guest: they spent a year working on it

dod, i believe the national reconnaissance office, highly classified what they do so we don't know anything about the details but apparently, they were actually able to pass a clean audit. >> did they find ways to save money? did we reap any awards -- rewards? i am the director of the washington, d.c. office of the queue for. i am honored to be cohosting this event with heritage. we are cohosting with mike gonzalez. i want to thank kay james, mike, and all of the colleagues at heritage for allowing us to host this event.

dod, i believe the national reconnaissance office, highly classified what they do so we don't know anything about the details but apparently, they were actually able to pass a clean audit. >> did they find ways to save money? did we reap any awards -- rewards? i am the director of the washington, d.c. office of the queue for. i am honored to be cohosting this event with heritage. we are cohosting with mike gonzalez. i want to thank kay james, mike, and all of the colleagues at heritage for allowing us to host this event. i would like to offer a couple of quick thoughts on why we are doing this and why this is so important. some of you may have read a book written "identities." i thought he had a pretty good and useful introduction where he offers a global perspective on the origins of identity politics. and he says "20th-century politics has been organized on a left-right spectrum defined by economic issues. the left wanting more equality and the right wanting more freedom. that spectrum appears to be giving way in many respects to one identified by identity. less focused on broad economic equality and now on the wide variety of groups perceived as being marginalized.

auditing, at the office of the comptroller of the currency, has revitalized the process of offering fin-tech charters to new companies, offering new services, that don't look like traditional banks. a nationally chartered bank that custodies cryptocurrency is something that i think would bring more rash nality to these markets. >> thank you. and dr. roubini, would you comment on the same issue? >> yes, cryptocurrencies are not scalable and centralized and they're not secure. bit coin has five transactions per second. and there is a massive concentration of the mining among, about half of those, in the chinese, russian and others miners. so you say you don't allow young fans on the institution, you're relying on an oligopoly of shids who are sadie and you have no control. >> there are solutions that they say in the future are scalable but the only way for scale ability is even more capitalization of mining and once you have capitalization of mining there is no security. and if i have my private card and someone steals my bank account, i call and it is blocked. i have insurance. and i have ways of last resort. if somebody is hacking your crypto, it is gone forever. no insurance. >> no lender of

pockets within i believe the national carson's office which is highly , so weied what they do don't know the details of what they do, but they are able to pass a clean audit: this cost $900 million to do. are we reaping rewards in terms of money saved down the road? guest: there are pockets where -- like the defense logistics agency, they were overestimating what things were going to cost. when they did the audit, they realized they could lower sim internal cost estimates so they don't have to charge much overhead to other agencies. the purpose of an audit is not to generate cost savings. the purposes accountability. no one should expect the audit itself is going to save a lot of money. they feel we say this audit, what his failure and what does it take to get to passing? failing is when you do not meet the general accounting standards for passing an audit. you are not able to show possibility from appropriation to win it is spent at the lowest level and be able to track how the money was spent over time at the most detailed level. if you cannot do that, you will not pass an audit. host: how long did this take? guest: they spent a year working on it. host