... who 10,000 between ubs and credit suisse working in canary wharf. . ._ working in canary wharfwharf... who might well be doing the _ working in canary wharf... who might well be doing the same _ working in canary wharf... who might well be doing the same jobs _ working in canary wharf... who might well be doing the same jobs are - working in canary wharf... who might well be doing the same jobs are two l well be doing the same jobs are two different banks in sun if there is one bank... different banks in sun if there is one bank---_ different banks in sun if there is one bank... , ., ., ., ., , one bank... yes, a lot of details we need to one bank. .. yes, a lot of details we need to work— one bank... yes, a lot of details we need to work out _ one bank... yes, a lot of details we need to work out and _ one bank... yes, a lot of details we need to work out and questions - one bank... yes, a lot of details we need to work out and questions of. need to work out and questions of how the bank looks going forward. why make a move because i said this now ago and he were back, in the

between the two banks they have 10,000 staff working here in london, in canary wharf and the city.ks if you do merge and jobs become duplicated, will that be an issue? some of those jobs potentially restructuring, and that doesn't sound like good news. credit suisse is 170 years old, one of the bedrock of the financial system. there are 30 or so global banks which are considered too important to the financial system to allow them to fail and ubs is another. merging those brings another. merging those brings another set of problems, but the immediate problem is coming down the stock markets when they open first thing tomorrow morning. we understand things are moving quickly and we could well get a deal by the end of the day. we and we could well get a deal by the end of the day-— end of the day. we will pick up on that very point — end of the day. we will pick up on that very point with _ end of the day. we will pick up on that very point with my _ end of the day. we will pick up on that very point with my next - end of the day. we will pick up on | that very point with my next gues

break this up as well and they've gotjobs here 50,000 staff employed around the world in ubs in canary wharfbut it is a question presumably if you've got two different banks with two teams in london boasting the same job, it is kind of... it is inevitable that some of those are going to go —— boasting the same job. yes, 50,000 when the world, 10,000 between the two. how does that stack up when it comes to it? there is a real push to secure future. credit suisse is seen as one of the 30 or so banks around the world that is so important to the system just cannot be allowed to fail. that was the old problem in the banking crisis and we had these banks and they said were too big to fail and actually becomes a problem because when it is to big to fail the danger is even if it is dysfunctional you just keep shovelling money in and throwing good money after bad. mb? shovelling money in and throwing good money after bad. why make one economist said _ good money after bad. why make one economist said banks _ good money after bad. why make one economist said banks are _ good money after bad. why make

potential canary wharfs zones. potential canary wharfs in england . zones.nd . in england, we've in england. in england, we've identified the following areas as having the potential to one. west midlands greater manchester. the north. east. south west yorkshire. east midlands , teesside. and once midlands, teesside. and once again liverpool. there will be at least one in each of scotland, wales and . northern scotland, wales and. northern ireland to be to be chosen area must identify a location where they can offer a bold and imaginative partnership between local government and the university or research institutes in a way that catalyses innovation clusters . catalyses innovation clusters. if the application is successful , they'll have access to £80 million of support for a range of interventions, including skills tax and business rates, retention , working with our retention, working with our formidable levelling secretary. i also want to give some further support to levelling up areas under the e of everywhere . under the e of everywhere. first, i will i

you will hear a lot tomorrow about a plan for growth, about a dozen canary wharfs built around the countryt—brexit to regulatory freedoms. his advisers feel vindicated about a cautious approach to borrowing since the chaos of the mini budget last year, so no tax cuts and no extra money for public sector wages but his challenge will be to book recent economic history and deliver more investment and more workers with this, the last chance to put in place policies that demonstrably boost the economy before the next election, and the focus on childcare meant to appeal to a key electoral target group too. faisal islam, economics editor, thank you. and there's much more information on what might be in the chancellor's budget and how it might affect you on bbc news 0nline head to bbc.co.uk/news or use the bbc news app. a woman has beenjailed for eight and a half years after being found guilty of lying about being raped and trafficked. eleanor williams, who's 22, and from barrow—in—furness was convicted injanuary on nine counts of perverting the course of justice. the judge sentencing her today sa

too different down at the financial conduct authority, just down the river from where i am in canary wharfonsidered as much as anybody could be expected to do. migrant this me what? i hopeless snowflake generation. we've got elon musk this is interesting. maybe if you're not a computer geek you might think, well, what's this got to do with? but you know the growth of ai chat you know gpt idea that you just ask a computer to do something it has a brain of its own and it does it well. elon musk is coming out pretty strongly today with many others in the tech sector . it's others in the tech sector. it's the future of life and what musk and others are saying is quite simply, this there needs to be a halt on development of a.i. machine at this stage. if it's not voluntary. government needs intervene because musk basically says that these systems could become literally be on the ability of man to control they could become monsters in their own right and he says that poses a very real threat to civilisation. we're going watch this space in a minute. civilisation. we're going watch this space in

too different down at the financial conduct authority, just down the river from where i am in canary wharf considered as much as anybody could be expected to do. migrant this me what? i hopeless snowflake generation. we've got elon musk this is interesting. maybe if you're not a computer geek you might think, well, what's this got to do with? but you know the growth of ai chat you know gpt idea that you just ask a computer to do something it has a brain of its own and it does it well. elon musk is coming out pretty strongly today with many others in the tech sector . it's others in the tech sector. it's the future of life and what musk and others are saying is quite simply, this there needs to be a halt on development of a.i. machine at this stage. if it's not voluntary. government needs intervene because musk basically says that these systems could become literally be on the ability of man to control they could become monsters in their own right and he says that poses a very real threat to civilisation. we're going watch this space in a minute. civilisation. we're going watch this space i

apparently, they're going to make it 12 mini canary wharfs. is that what we need ?d? well, it's really interesting. you know , you interesting. you know, you mentioned those 12 investment zones and i'm going to put the heating of swimming pools into context. each one of those invest zones is going to get £80 million worth funding. he's not going to deliver tax cuts to the zones. he's not going to attract businesses people to move to businesses and people to move to the by giving them tax the zones by giving them tax breaks. he's actually going to spend quid and for spend 80 million quid and for each one of these zones and there's one in northern ireland, which a, you know, a place which is a, you know, a place that's close to my heart. they get million quid. get get 80 million quid. they get a heat thing, pulls £63 million. so levelling up is so what kind of levelling up is 80 million quid times 12? that's 1 billion. that sounds like a lot of money. actually, it's a drop in the ocean if that's that tilt towards levelling up. it's fundamentally flawed. what he needed

that of canary wharf which is what jeremy hunt suggested-— hunt suggested. make sure that the businesses within them procured from the local— businesses within them procured from the local community then possibly. we have _ the local community then possibly. we have got our competing umbrellas here, tangling up. you are no friend of the government, what is your friend of the government? i of the government, what is your friend of the government?- friend of the government? i was hoinu friend of the government? i was hoping there _ friend of the government? i was hoping there might _ friend of the government? i was hoping there might have - friend of the government? i was hoping there might have been more decisive _ hoping there might have been more decisive action _ hoping there might have been more decisive action with _ hoping there might have been more decisive action with measures - hoping there might have been more decisive action with measures to - decisive action with measures to tackle _ decisive action with measures to tackle the — decisive action wi

i went to lift the lid on hot topic at like canary wharf in the century.for the thames was the gateway from london to british empire that it controlled and those burly dockers needed food. but in the polluted river, the only life survive was to slip eel . survive was to slip eel. hello. are you the dog? we yes. let me see. i'm michael . my let me see. i'm michael. my name's kane. this is my brother, jeff. nice to meet you. great to see you, jeff canine service roberts has got us 1890. yep. right. so a family business since , then? yeah, it is. so since, then? yeah, it is. so myself and my brother, five generations. so go right back to my great grandfather got old, who started our first pie shop in evelyn street in deptford . in evelyn street in deptford. the one thing that's always stayed fairly constant is traditional pie mash liquor and the liquor being that the ill stock, which is we all know about. do you still use eels? you do jellied, which is quite traditional . london and do traditional. london and do studios . the traditional. london and do studio

canary wharf and the liverpool docks were two outstanding regeneration projects that happened under amaking them happen because they transformed them happen because they transformed the lives of thousands of people, they showed what is possible when entrepreneurs government and local communities come together. so today i announce that we will deliver 12 new investment zones, 12 potential caroline flints, in england, —— cardinal vincent nichols. in england we have identified the following areas as having the potential to host one. west midlands. greater manchester, the north east, south yorkshire, west yorkshire, east midlands, teesside and once again liverpool. there will be at least one in each of scotland, wales and northern ireland. to be chosen each area must identify a location where they can offer a bold and imaginative partnership, between local government, and the university or research institute in a way that catalyses new innovation cluster, if the application is successful they will have access to £80 million of support for a range of interventions including skills, infrast