here is the cbi's director—general explaining their argument.resilient, but let's be absolutely clear. there is no such thing as managing no deal. it is impossible to prepare except for the very biggest companies. 85% of small companies cannot prepare, they haven't got the money, they haven't got the time to be able to put contingency plans in place, so of course the world will carry on spinning. but we would have lost jobs, we'd have lost investment and damaged our economy. it isa it is a clear warning and a clear appeal to the candidates in this race. we are now up appeal to the candidates in this race. we are now up to 12, mark harper, the former chief whip is the latest to enter the race. if you don't recognise the name or the face doesn't ring any bells, he has not beenin doesn't ring any bells, he has not been in government for some time and he is trying to turn that to his advantage. as a backbench mp he is trying to distance himself from theresa may and those who sat round the cabinet table with her, saying he can offer fresh ideas and a

cbi warning tories over a no—deal brexit.id we will accept a no—deal brexit, but cbi saying that would be really damaging to the country. yes. again, i don't think this is terribly surprising that businesses, again coming from the investment community, think that going without a deal would be a good idea. i don't think many people would think it's a good idea. a strong message from the cbi, who represent 190,000 businesses, but others candidates going to listen to those 190,000 businesses or is what they're doing at the moment, they wa nt to they're doing at the moment, they want to appeal to the 120,000 conservative voters who will vote for the leadership? so, conservative voters who will vote forthe leadership? so, an interesting issue. they traditionally have always been associated as a business supporting political party, the tories, and it seems to be a real roof now, —— rift, a lot of dropped off support from business. this brexit issue needs to be resolved for the good of businesses and the good of the country and inve

business lobby group the cbi warns conservative leadership candidates that a no—deal brexit would causevere" damage to british business. president trump says he'll impose a 5% tariff on all goods coming to the united states from mexico unless the country does more to stop illegal immigration. the reds have arrived — liverpool touch down in madrid ahead of tomorrow night's champions league final showdown with spurs. thousands of fans are arriving for what is the first of all england championing spinal in more than a decade. and at 5:45pm, the film review. i'm joined by jason solomons as he tells us about this weeks releases including ma. he'll also share his best out and best film to stream. it's 5pm, our top story: the labour party has suspended a member of its national executive committee after comments he made about anti—semitism. in a recording made injanuary, peter willsman is heard saying that claims of anti—semitism made againstjeremy corbyn had come from the israeli embassy. the person peter willsman was speaking to in that clip is the author, tuvia tenenbom. he's been speaking t

plus — cbi no deal warning.ritain's bosses write to conservative leadership hopefuls to tell them the damage of leaving the eu without an agreement would be "severe". and transport tech giant uber has released its first set and briefly on the markets, all of them looking down as a result mr trump's comments last night on twitter. we will have more on that ina twitter. we will have more on that in a short while. and transport tech giant uber has released its first set of results since listing on the new york stock exchange earlier this month. and it's losing a huge amount of money. and we want to hear from you on today's stories. join the conversation — just use the hashtag #bbcbizlive. hello and welcome to business live. welcome to the programme. we start in washington, where president trump has dropped a new bombshell on global markets still reeling from his escalating trade war with china. late on thursday, he announced on twitter that he will impose tariffs on all goods coming from mexico until it curbs illeg

that might appeal to the cbi actually into others traditional supporters. not mentioned in this article, but also met at westminster, the people much more on the centre ground of the conservative party. making their print seen anybody like similar to what philip hammond is saying. anybody who thinks no deal is a good idea wouldn't get their support. whoever is going to become the new leader of the conservative party, not only have to win over the membership, and there is an argument about whether putting the future in the hands of a very representative group of conservative party members is really the best way of looking after the best interest of the united kingdom. but also all those candidates have got to get through the parliamentary party as well and there are wiser heads and the problem with your partner who might yet be even blocking borisjohnson attempts. interesting. for those of us who have watched the behaviour of politicians the last bit, is says we will save money by closing down some departments. i personally think it would be rather good. wha

plus — cbi ‘no deal‘ warning.in's bosses write to conservative leadership hopefuls to tell them the damage of leaving the eu without an agreement would be severe. and on the markets — asian shares sinking and sovereign bond prices surging as investors count the cost of the latest trade blow by president trump. asian carmakers who manufacture in mexico hit particularly hard — details to come. asian carmakers. we start in washington where president trump has dropped a new bombshell on global markets, still reeling from his escalating trade war with china. late on thursday he announced on twitter that he will impose tariffs on all goods coming from mexico until it curbs illegal immigration into the us. they will start at 5% in ten days time — then gradually ratchet up to 25% unless mexico takes action. from washington — chris bcu kler reports. donald trump has long claimed that mexico could do more to stop migrants from illegally crossing over into the united states. he has done nothing to hide his frustration. even

he is saying that to the cbi. they would love to see what the cbi is saying that.nt about that in our paper review. remind us of that. there would be somebody who would be disputed, somebody who was a well— known company, a disputed, somebody who was a well—known company, a household company, i remember the well—known company, a household company, i rememberthe boss of marks & spencer 's from years ago, who would put up the point of view of the shop and of the consumer because that is what they care about. without consumers they go bust. it doesn't not intervene at this time. 0k, shutting shop or shutting post offices we are going inside the paper although it is on the front page. ages six and seven of the paper. saving a local post offices. it is interesting that the tabloid papers are not leading on brexit. i think day possibly realise that readers would like to go onto normal life. are you is the local post office quite a lot. what do you use it for? is it so mail or banking? i'd buy stuff, go and collect. they also have relatives abroad. so i am sending stuff.

the cbi warns conservative leadership candidates that a no—deal brexit would cause "severe" damage toh business. and tonight, another candidate enters the race — mark harper is the 12th to declare he's running for the next conservative leader. a 6—year—old boy is airlifted to hospital after falling from a roller—coaster at a theme park in north yorkshire. and howzat for a catch?! that moment from ben stokes helps england to victory on the first day of the cricket world cup. and at 11:30, we'll be taking another look at the papers with author and journalist rachel shabi and the women's editor at the telegraph, claire cohen. good evening. a major review commissioned by government has recommended a significant cut in university tuition fees in england and a boost in funding for further education. the review by the banker philip augar says tuition fees, currently set at a maximum of £9,250 a year, should be reduced to £7,500 a year. the review also says student loan repayments should start at the lower salary level of £23,000, but the repayment period should be longer. 0ur education edito

the chancellor's speech to the cbi this evening has been much trailed.arnings to his conservative colleagues of the hit this economy will face from a no—deal brexit, especially to some who have said there is nothing to fear from a no—deal? for the benefit of members in this chamber, can he explain what he sees as the impact of a no—deal brexit, and his clear view — and i quote — "all the preparations in the world, a no—deal brexit will still damage our economy"? i'm grateful to the honourable gentleman. mr speaker, i may not have to take the trouble to go and deliver the speech this evening... laughter the honourable gentleman raises a serious point. there are two separate effects of a no—deal brexit that concern me. first of all, there will clearly be short—term disruption which will have an unpredictable, potentially significant, effect on our economy. probably more importantly, all the analysis that the government has done and published, and that external commentators have published, shows that there will be a longer—term effect which means that our e

without a deal and thatis october with or without a deal and that is a big worry, according to the cbigreat, so severe across companies of all sizes, that this is something that should be absolutely a last resort, a plan 2 and not a plan a or b. there are other voices and there a lwa ys there are other voices and there always are in the brexit debate. some are saying no deal is a risk but it shouldn't be blown out of all proportion and anyway, that is not the final destination. no deal is plan b. it's a stepping stone to a future free trade agreement. it has a whole host of different deals in the near term. no deal is not an end state in itself, but you are right, we should have been doing a lot more preparation for no deal. the business lobby are saying they cannot stomach or work with a candidate who says no deal. you have the big gap and that is the disaffection between the business community and the tory party, which we have seen over the past few yea rs. we have seen over the past few years. simon, thank you for now. simonjack. the deputy leader of the liberal democrats, jo swinso

plus — cbi no deal warning.

real dollars has exactly the roblem of the cbi that i was highlighting. in fact, one of the handouts that we had discussed that a little bit, in that when you deflate by an overstated cpi, the real dollars appear to be flat or going to when, in fact, they are going up very significantly. because cpi is overstating inflation. now, the productivity numbers suffer a bit from the problem but they suffer less because of the way they put together. that's something we pie don't want to go into no. -- into right now. most data sets that show the point you're making, the problem goes away if you deflate the earnings properly by the cpi. >> just the couple of points. measuring income over time is so complex. suggest everyone when you see over e data or wealth data time they get to what's actually in it, you know, a big issue is that wages may have grown fairly slowly but total compensation has grown faster because health insurance costs have soared. if you look at the total compensation, it has risen faster than wages. there's a whole bunch of issues with regard to

the cbi warns conservative leadership candidates that a no—deal brexit would cause "severe" damage toters the race — mark harper is the 12th to declare he's running for the next conservative leader. a 6—year—old boy is airlifted to hospital

the uk's biggest business organisation, the cbi, has written an open letter to all the conservative party the uk will only leave the european union with a deal. in the letter, its director—general carolyn fairbairn warns that a no—deal brexit would cause british companies "severe damage". the cost of no deal is so great, so severe, across companies of all sizes, that this is something that should be absolutely a last resort, a plan z, not to plan b. however pro—brexit economist gerard lyons said the risks should not be blown out of proportion. no deal is a plan b, a stepping stone to a future free trade agreement with a whole host of different deals in the near term. it is not an end state in itself but we should have been doing a lot more preparation for a no deal. for the first time in over a decade, there are two english teams in the men's champions league final. tottenham and liverpool play each tomorrow in madrid — after both sides won theirsemifinals, coming from behind in dramatic style. fans have flocked over to the spanish capital — not all of them with tickets for the match. our

plus — cbi ‘no deal‘ warning.kets — asian shares sinking and sovereign bond prices surging as investors count the cost of the latest trade blow by president trump. asian carmakers who manufacture in mexico hit particularly hard —

the cbi has warned candidates for the conservative leadership that small businesses cannot afford toingency plans are not an option and the idea we are ready is just not true. house prices fell by 1%, in what nationwide describes as a subdued market. the german insurer allianz will become a market leader here in britain after an 800 million pound deal to take control of two insurers here. it already owns almost half of lv general insurance but today it's announced it will buy the rest along with a deal to buy legal & general. hello there. we are going to start with houseprices and the mood in the market is not great. nationwide building society reports that prices dropped 0.2% between april and may, despite the fact that conditions in the labour market are good and borrowing costs are low. and year on year growth of 0.6% is slowing down too. nationwide says it's because of the wider uncertainty of where the uk economy is going. earlier we asked the senior analysis at nationwide how much this has to do with brexit. for some buyers, it is certainly a concern. it is just a number of thi

the cbi warns conservative leadership candidates that a no—deal brexit would cause severe damage to britishd tonight, another candidate enters the race — mark harper is the 12th to declare he's running for the next conservative leader. a 6—year—old boy is airlifted to hospital after falling from a roller—coaster at a theme park in north yorkshire. hello and welcome to our look ahead to what the papers will be bringing us tomorrow. with me are author and journalist rachel shabi and claire cohen, the women's editor at the telegraph. welcome back to both of you. many of tomorrow's front pages are already in. the lead for the telegraph are remarks by president trump that he regards borisjohnson as a friend and is his preferred candidate for the conservative leadership. the metro reports the claims by the eu's chief brexit negotiator, michel barnier, that the uk's vote to leave was the product of nostalgia for a powerful global britain. and it's the same lead in the daily express with the paper asking it, "will the eu ever get it?" the guardian, in what it says is an exclusive, reports that a la

in the business news: the cbi has said the main parliamentary recess to be cancelled following the collapsen brexit. the director—general said that the country needed an urgent resolution and it is no time for holidays, it is time to get on with it. online giant amazon has announced a big investment in food courier deliveroo. deliveroo has been raising monery to expand internationally, and amazon has turned out to be the biggest investor. how much and how big a stake does it have in deliveroo? they're not saying. but the total amount raised was £450 million, and it means deliveroo has now raised £1.2 billion in capital. talks to avert the collapse of british steel will resume today. the firm has secured funds to keep going, but only until the end of may. it's admitted it needs further financial support from the government to help it address "brexit—related issues". sources close to owners greybull capital say its future will be discussed at "ministerial level". there's an apocryphal quote that is credited to mrs thatcher, even though she almost certainly did not say it — "anyone over 25 on

your data contradicts figures published by the cbi last week which said retail sales rose for the first figures time in five months in april. why do yourfigures contradict time in five months in april. why do your figures contradict other figures? well, this is a figure which shows the like for discretionary spend. it does not ta ke discretionary spend. it does not take account of food and grocery. we have seen consistently that the spend by the consumer on discretionary spend has been falling. it is a concern in april because actually, there were some really good shopping conditions in april. we had easter, which fell in march last year. we had good weather. we had school holidays. we also had anecdotal evidence of more people taking their vacations in the uk. so all of that should have really given a good shopping experience and a positive like for like, particularly when we had quite a big drop last april, which is what we are comparing against. a big drop last april, which is what we are comparing againstm a big drop last april, which is what we are comparing against. it is not grea

we seen some better growth figures in the last few months, but actually we know from cbi survey datahest we've seen since the 1970's. if that continues, the october date is going to look very challenging because the run-up to christmas warehousing capacity will simply run out. there's a lot of worry on businesses' minds, and lots of plans being made on contingency planning. guy: just talking of that stockpiling, that is working capital that is tied up a cross company. arms aroundyour what kind of effect that is having on costs at the moment? ofolyn: we hear the anecdote hundreds of millions of pounds. just talking to our retailers, , they are now d stocking and potentially preparing to restock with winter stock. this is a massive cost. the point is it is wasted. it is not adding one drop to productivity in the u.k., and of course there is the possibility that if it had to unwind, there could be a depression on the u.k.. what we really need is decisions. we need the indicative votes in parliament next week, either the prime minister's deal or another deal, very quickly. guy: if you be

the uk's biggest business organisation, the cbi, has written an open letter to all the conservative partyt the uk will only leave the european union with a deal. in the letter, its director general carolyn fairbairn warns that a no—deal brexit would cause british companies "severe damage". the headlines on bbc news. topshop boss sir philip green has been charged with four counts of misdemeanour assault in the us after a pilates instructor alleged he repeatedly touched her inappropriately. labour suspends a member of its ruling national executive committee, peter willsman, after he's recorded suggesting that the israeli embassy was behind the party's anti—semitism row. the london bridge attackers a lawyer for the victims families tells the inquests there had been lots off oppurtunties to spot what they were planning. sport now and for a full round up, from the bbc sport centre. good evening, stephen, you should be in madrid. trying to make sure that things are running smoothly, but the global football spotlight on madrid, liverpool and tottenham have been three weeks preparing for it, less

the fact that this is indexed on cbi is one of the most significant things i have seen happen in the 24 years that i have been doing this in san francisco. the reason it is important is because everybody locks into the idea that we could all survive on a two-point 5% cost of doing business increase. we always pass that through to employees, including having minimum wage workers. there's a whole organization wage scale based on 2.5%. let me tell you what that costs. the actual c.p.i. over the seven years is a locked figure, it has actually caused us, most of the staff reduction moving from the time where we had 212 employees, down to 155, so not doing indexing shrinks staff over time mine has been reduced by 25%, actually 27% over seven years. we can't continue to do business that way. indexing is part of the m.c.o. and the compaction. is absolutely an essential feature of this recommendation. thank you. >> thank you very much. next speaker. >> hello, supervisors. thank you for holding this hearing. i'm here to support for funding of the m.c.o. impact on community-based nonprofit. tha

cbi agents re-enter the room. >> i saw the monitor. bella's covers were pulled off.he was laying there. so i went over to cece's. and she was in there with her on top of her, choking her. i freaked out. i ran in there and got on top of her. >> what did you do? >> i did the same thing to her. >> who, shanann? >> yes. i'm not that person. >> he speaks quietly. he's not very animated. he's just kind of laying it out, matter of factly. >> was it a choke like this? or, like, a headlock. >> a choke. >> you killed her with one hand or two hands? >> i was coming from the back. i couldn't really tell. >> he never attempted resuscitation, never checked on them, never called 911, never asked for assistance. according to him, he knew that they were already dead by their appearance. >> i think that you killed these girls before their mom came home. it just doesn't make sense. if i walked in and a kid was decapitated, i would call an ambulance. i think we're very close to the truth but not quite there yet. >> i'm not that monster. i didn't kill my babies. >> he blames her for the

>>cbi we've got a bus and that's good that's good.open those lanes until they get that done. >>incredible to watch and what we have a shot of spill. yeah, what we're going to keep your shot up so so keep that shot hot and we're going to chat with robert who's standing by here at the desk with us to talk more about the backup that we're seeing as we watch them do this work. we noticed on your maps where where is the red right now how far back as this i think 5.80 is is the worst commute right now and that's because this is right after the 5 of us connector. >>but i think we've been covering this for about 2 hours now and folks are starting to get the message. so when it first happened traffic was just awful 24 was backing up toward of the rockbridge bart station 5.80 was backed up heavily much more than it is now. so a lot of folks are either using the limits as an alternate which is great, maybe the sure freeway that's being used as well a lot of folks are just hopping on bart, so it is backed up on 5.80 through downtown. but i'm not

the cbi has written an open letter to all the conservative party leadership candidates calling on themause british company severe damage. the cost of no deal is so great, so severe severe damage. the cost of no deal is so great, so severe across companies of all sizes that this is something that should absolutely be a last resort. a plan 2, not a plan a last resort. a plan 2, not a plan a plan b. police have been ordered to return documents that they seized from journalists in belfast. more and more gps are cutting their hours or quitting the profession altogether after the workload and recent tax changes that had their pensions. many say it is not financially worthwhile to continue and more figures saved at more gps have a close, 138 last year alone across the uk. hugh pym reports. jackie knows all about long waits to see a gp. she knew her back and neck problem wasn‘t urgent but she got a shock when she was told how long it would take to get an appointment at her local practice. i was told that there was no appointments available and the earliest appointment i could get, this was bac

the uk's largest business organisation, the cbi, has urged candidates vying to replace theresa may tot of no deal. mexico criticises president trump's decision to impose rising tariffs on all its goods from june. the lawyerfor shamima begum has written to the home secretary, accusing authorities of failing to protect herfrom being "groomed" by so—called islamic state. new figures from the gp‘s magazine pulse suggest nearly 140

all the main parties supported remain, all the major institutions supported remain, universities, the cbivote was absolutely enormous. so the 52% when for leave, more than a million people in the margin there, thatis million people in the margin there, that is a huge victory for leave because of the odds that were stacked against us and do not forget the campaign spent far more for remain then the vote leave campaign. the question with respect is the last referendum, if the result had been remain would you then have campaigned for another referendum to try to overturn that. i have never thought about that. there has never been a need to we did win and therefore leaving the eu needs to be delivered. that is the fact of the matter. a lot of viewers are asking what is the point of ukip because the brexit party led by a former leader nigel fromage doing what appears to be pretty well in the polls, i think about mid 30s percent, around ten times better than you are doing at about 3%. of course the actual result on polling day is another matter. polls have been notoriously unreliable now for qu

lwa ys confederation of british industry always says they are against a no—deal brexit, because the cbie party to unite the uk, regardless of what happens with brexit? because your party has made a mess of it so far. when you say you... your party. i don't take personal responsibility but i am ashamed and embarrassed by it. 55 yea rs ashamed and embarrassed by it. 55 years ago, when i first entered the conservative party, i never imagined in my lifetime i would see it in the mess that it's in. the country faces a severe test. standing on the sidelines now, as if i am at a football match, you see one team thatis football match, you see one team that is a leaderless rabble, and another team led by a hard left individual injeremy corbyn, and the labour party has not been led from that far left in the 50 odd years i have been following politics. i think the country is in a dismal situation, which is perhaps one of the reasons why when we get the results of the european elections on sunday, not only will the tory party do disastrously badly, but so will the labour party, because voters will

so let's speak tojohn allan, president of the cbi — that represents 190,000 businesses wants more changesonomic competitors elsewhere and other major economies. it is inflexible. it discourages investment and we think it needs to be looked at radically and reformed. both political parties have committed to do that in their last manifestoes but they are yet to do so so we want to put some pressure on them to do what they say they would undertake a thorough review of this particularly complex tax. how should this work? as we know, changes to any sort of tax system are notoriously complicated and take a long time to implement. where do you start? we start by removing some of the disincentives. at the moment, if you invest in your shop, office or factory in something that reduces the carbon footprint or reduces emissions it automatically puts your value up and you have to pay more tax. surely that is not what we want to do as we become increasingly concerned about the effect of climate change. similarly, if you invest in greater productivity so you can produce more you will end up ata you can

the cbi has said the may parliamentary recess should be cancelled following the collapse of the crosssterday, i think what‘s happened today is the fact that one of the big analyst companies has come up and said the shares are worthless.” the figures. 4096. this isjust bouncing around at the bottom. i think once it goes below ten, it will really be a problem. has not been this low since 2012. when we had the slump in passenger numbers, the company was really struggling at this point. but now itjust seems to be getting worse. i think we could be getting worse. i think we could be talking about some kind of administration in the next few days possibly. i do not know quite where we go from here. the branches of sleep quite good, but we have to see what develops over the next few days. uncertainty over brexit, we have heard that before. but also, the good weather here in uk hit their demand. apparently because people were so excited about the weather last year, now they‘re looking at the weather at the moment, the lack of rain the moment. interestingly, compared to figures from easyjet, th

here's the head of the cbi, carolyn fairbairn.t to all 12 and are seeing two simple things, first there could be such opportunity for this country of business and government work together so back business and we can tackle climate change and skill the nation and tackle inequality. the second important message as that is only possible if we have a deal that protects the economy as we leave the eu. the cost of no deal is so great and severe across companies of all sizes that this is something that should be absolutely a last resort, a planz should be absolutely a last resort, a plan z and not arb. earlier i spoke to gerard lyons, chief economist at netwealth investments and a supporter of brexit. he has quite a different view from the cbi, when it comes to the no—deal warning. when we talk about no deal, it is a plan b, a stepping stone to a future free trade agreement with a whole host of different deals in the near term. it is not an end state in itself but we should have been doing a lot more preparation for a no deal. in the fin

it is the second cbi injust over 12 months.and the uncertainty over brexit in the wake of the european elections. galliford try as we were just saying, shareholders there liking the idea that the company has rejected that bogus bid. antofagasta another mining company doing well. brent crude is on the way down despite the fa ct we crude is on the way down despite the fact we have had a lot of talk about production of reduction which would keep prices high, possibly going up into the future. for the moment, thank you. 40,000 men are diagnosed with prostate cancer in england every year. radiotherapy can be highly effective treatment but it can damaging other organs. now, the first of a thousand patients has been given a new gel implant which protects the rest of the body during treatment and could reduce side effects by up to 70 per—cent. our health correspondent matthew hill explains. alan clarke is in no painjust a few days after his operation. i feel great, absolutely wonderful, yes. pleased it's done. wonderful. it was a wonde