. :.itain's biggest lobby group we are joined by karen, the president of the confederation of british industry are business is doing right now? how did they prepare for this uncertainty that they have also been dealing with for four and a half years? >> the confederation of british industry, we speak for hundred 90,000 businesses in the united kingdom, which includes over 140 trade associations. that is from the national farmers union, the hospitality association. together we employ 7 million people. that is one third of the workforce in this country. we just published today a document on smoothing the cliff edge. to mitigate destruction of the brexit transition period. here we are less than two weeks away, and we are going to have a deal or no deal. hopefully we are still holding out very much for a deal. in fact, i sit on the council of business europe. we may have left the european union this year, but we continue and will continue to be members of snitch europe, which is all the preeminent business organizations in all of the countries in the european union and beyond. all of these busines

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the entertainment industry has been one of the victims of the coronavirus pandemic hindi cinema also known as bollywood normally office millions of us an escape from the drudgery of daily life but endemic restrictions have left their mark on the world's biggest film industry . glitz glamour stars and professionally choreographed song and dance the ingredients that make bollywood films unique worldwide. behind the glittering façade are many day laborers. they form the backbone of the film industry. a single film used to mean hiring more than a 1000 people but today's productions are much smaller. all the big stars and big roles are not stopped there starting with the upcoming new york almost and we had them in well. before we had enough they. laid department of how many markets. and i would come along 5 or 6

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. a brief look at some of the other business stories making news the u.s. house of representatives has voted to increase covert relief checks for americans to $2000.00 led by the democrats the republican controlled senate is considered the hike or is considering the hike today the party previously bought an increase of the right payments to citizens so it's not certain the bill will pass. spanish prime minister it will sanchez says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are all 10 percent poorer than last year but he ruled out another increase in the minimum wage. the controversial north stream to gas pipeline has been completed in german waters that after a 2.6 kilometer long ocean had been stalled for months by the threat of u.s. sanctions work co

the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the provoked at some of the other business stories making news spanish prime minister. says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are 10 percent poorer than last year but he ruled out another increase in the minimum wage. beijing wants to shrink jack ma's financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mas payments venture at a group to comply with banking regulations instead of being treated like a tech. and the european union and china are set to announce an historic investment pact as soon as wednesday according to media reports that's after the e.u. got the necessary political backing for the deal it had further up in the chinese market to e.u. investors brussels could soften its stance on chinese investments i

the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. a brief look at some of the other business stories making news the u.s. house of representatives has voted to increase covert relief checks for americans to $2000.00 led by the democrats the republican controlled senate is considered the hike or is considering the hike today the party previously blocked increase of the right payments to citizens so it's not certain the bill will pass the spanish prime minister it will sanchez says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are all 10 percent poorer than last year but he ruled out another increase in the minimum wage. a controversial north stream to gas pipeline has been completed in german waters that after a 2.6 kilometer long ocean had been stalled for months by the threat of u.s. sanctions work continues in danish waters altogether the pipeline will cost almost $10

the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. provoke at some of the other business stories making news spanish prime minister. says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are 10 percent poor than last year but he ruled out another increase in the minimum wage. beijing wants to shrink jack ma's financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mas payments venture at a group to comply with banking regulations instead of being treated like a tech. and the european union and china are set to announce an historic investment pact as soon as wednesday according to media reports that's after the e.u. got the necessary political backing for the deal it had further over the chinese market to e.u. investors brussels could soften its stance on chinese investments in europe

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. i think we can agree it's not been a good year for the travel sector lockdowns and quarantine rules are taking the fun out of travelling before business or leisure air travel has been hardest hit with anti fleets grounded and passenger numbers up to 90 percent down compared to previous levels the linz new airport couldn't have picked a worse time to finally open. the main terminal at berlin's new airport designed to handle more than $6000.00 passengers per hour. but now just a few weeks after opening most of the desks are closed. due to travel restrictions there are hardly any flights no wonder the new shopping zone in the departure area is empty as well. after a 9 year delay airport retailers have now opened shop in the midst of germany's partial coronavirus shut down the highway one company has invested mi

let's talk to lord bilimoria, president of the confederation of british industry, an independent lifelords. good to speak to you again. thank you for being with us. in the light of the different announcements that we re of the different announcements that were made last week about trade involving northern ireland, will much change for british companies on the ist of january, even much change for british companies on the ist ofjanuary, even if much change for british companies on the ist of january, even if there much change for british companies on the ist ofjanuary, even if there is no deal? we are at a such a crucial point at the moment, in fact, just today the business europe, which is the organisation of all the equivalent of the cvi and confederation in each of the countries in europe come all of them have put out a message today, along with the cbi, saying this is an important weekend for european economies, many businesses and jobs depend on an eu uk agreement and we ask of both sides to collaborate in in the interest of many in tough negotiations, walking the way it might seem

inevitably with any change with any transition there are occasional bumpy mothers the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. i think we can agree it's not been a good year for the travel sector lockdowns and quarantine rules are taking the fun out of travelling before business or leisure and travel has been hardest hit with an entire fleet grounded and passenger numbers up to 90 percent down compared to previous levels the linz new airport couldn't have picked a worse time to finally open. the main terminal at berlin's new airport designed to handle more than $6000.00 passengers per hour. but now just a few weeks after opening most of the desks are closed. due to travel restrictions there are hardly any flights no wonder the new shopping zone in the departure area is empty as well. after a 9 year delay the airport retailers have now opened shop in the midst of germany's partial coronavirus shutdown the high end of one company has

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. i think we can agree it's not been a good year for the travel sector lockdowns and quarantine rules are taking the fun out of travelling be for business or leisure air travel has been hardest hit with an entire fleet grounded and passenger numbers up to 90 percent down compared to previous levels the linz new airport couldn't have picked a worse time to finally open. the main terminal at berlin's new airport designed to handle more than $6000.00 passengers per hour. but now just a few weeks after opening most of the desks are closed. due to travel restrictions there are hardly any flights no wonder the new shopping zone in the departure area is empty as well. after a 9 year delay the airport retailers have now opened shop in the midst of germany's partial coronavirus shut down the highway one company has inv

the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the provoke at some of the other business stories making news spanish prime minister. says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are all 10 percent poor than last year but he ruled out another increase in the minimum wage. beijing wants to shrink jack ma's financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mas payments venture and group to comply with banking regulations instead of being treated like a tech firm. and the european union and china are set to announce an historic investment pact as soon as wednesday according to media reports that's after the e.u. got the necessary political backing for the deal it had further over the chinese market to e.u. investors brussels could soften its stance on chinese investmen

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. i think we can agree it's not been a good year for the travel sector lockdowns and quarantine rules are taking the fun out of travelling before business or leisure and travel has been hardest hit with entire fleets grounded and passenger numbers up to 90 percent down compared to previous levels the linz new airport couldn't have picked a worse time to finally open. the main terminal at berlin's new airport designed to handle more than $6000.00 passengers per hour. but now just a few weeks after opening most of the desks are closed. due to travel restrictions there are hardly any flights no wonder the new shopping zone in the departure area is empty as well. after a 9 year delay airport retailers have now opened shop in the midst of germany's partial coronavirus shutdown the high in a month company has invest

lord bilimoria is the president of the confederation of british industry, which represents nearly 200,000 the uk. he said businesses need answers. this is, of course, very concerning for the whole country and for business. it is so close. we are less tha n business. it is so close. we are less than four weeks away from the dead of actually the transition period ending. it is 4.5 years since the referendum and we still have not been able to agree this. the uncertainty is just so, so scary, so worrying. and what to type it is to be happening? the 31st of december, right between christmas and new year when right around the world many country sort of shutdown and at a time like that you have got to cope with all this uncertainty and all this disruption. if we have a deal, at least there is some certainty. evenif at least there is some certainty. even if we have a deal we have to adjust. even if we have a deal we have to adjust. the government have sent out a letter to every business in the country saying "check, change, go". well, check what? change what? go where? we need to know now. this h

lord bilimoria is the president of the confederation of british industry — which represents nearly 200,000at operate across the uk. he said many of them need answers. it is 11.5 years since the referendum and we still haven't been able to agree this. the uncertainty is just so, so scary, so worrying. and what a time for this to be happening! the 31st of december, right between christmas and new year, when right around the world many country sort of shut down, and at a time like that you have got to cope with all this uncertainty and all this disruption. if we have a deal, at least there is some certainty. even if we have a deal we have to adjust to it. i mean, the government have sent out a letter to every business in the country saying "check, change, go". well, check what? change what? go where? we need to know now! this has now got to be done and there's got to be compromise on both sides. fishing remains one of the major sticking points in the brexit trade talks. let's talk now to dr bryce stewart — fisheries scientist at the university of york and who has been following the talks clos

the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the provoke at some of the other business stories making news spanish prime minister. says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are over 10 percent or than last year but he ruled out another increase in the minimum wage. beijing wants to shrink jack ma's financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mas payments venture at a group to comply with banking regulations instead of being treated like a tech for. the european union and china is set to announce an historic investment pact as soon as wednesday according to media reports that's after the e.u. got the necessary political backing for the deal it had further over the chinese market to e.u. investors brussels could soften its stance on chinese investments in

the confederation of british industry wants the government and london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter one the clock is ticking. the provoke at some of the other business stories making news spanish prime minister. says gross domestic product is likely to fall by over 10 percent this year due to the pandemic saying we are over 10 percent poorer than last year but he ruled out another increase in the minimum wage. ageing wants to shrink jack ma's financial empire and take a larger stake in it that's according to the wall street journal china is also dialing up regulatory pressure forcing mas payments venture at a group to comply with banking regulations instead of being treated like a tech for. the european union and china is set to announce an historic investment pact as soon as wednesday according to media reports that's after the e.u. got the necessary political backing for the deal it had further over the chinese market to e.u. investors brussels could soften its stance on chinese investments

inevitably with any change with any transition there are occasional bumpy roads the confederation of british industry wants the government in london to translate the deal which is more than a 1000 pages of legal text into practical guidance for business owners like peter when the clock is ticking. i think we can agree it's not been a good year for the travel sector lockdowns and quarantine rules are taking the fun out of travelling before business or leisure air travel has been hardest hit with entire fleets grounded and passenger numbers up to 90 percent down compared to previous levels the linz new airport couldn't have picked a worse time to finally open. the main terminal at berlin's new airport designed to handle more than $6000.00 passengers per hour. but now just a few weeks after opening most of the desks are closed. due to travel restrictions there are hardly any flights no wonder the new shopping zone in the departure area is empty as well. after a 9 year delay airport retailers have now opened shop in the midst of germany's partial coronavirus shut down the highway one company has invested

he's with the confederation of british industry in london, their deputy director general.e is uniquely qualified to talk about what we are witnessing at dover. for eight years before, working with the cid, he was with tesco, a small grocery store with headaches every day and getting produce out there. josh, you are uniquely qualified to speak about the position of business in england right now. a tier four lockdown. tesco just trying to get things done. what do you see as business for the end of the year and into january? josh: we are on tenterhooks. we have been waiting for 4.5 years for clarity, and now we have been hours away for about 24 hours. so the first thing is we are desperately hoping that by the end of the day we get an announcement on the deal, because that matters so much for businesses. it is certainty about the treaty relationship with our biggest trading partner. what will that look like? whether you are in food, pharma, services -- it's absolutely critical. let's get the deal over the line. closing,united kingdom sterling is what everybody is watching. -s

this is the deputy head of the confederation of british industry. ourse being prepared doesn't mean you are protected. you can put up a sandbag but the water is still going to seep through. until we have that deal, some of the detail is not available. you don't know what will happen with the rules of origin. you cannot move on to agreements about data for example, so it is impossible for people to be fully prepared even if you have the bandwith and capacity to do it. going back to whether any headway is being made in these talks — in the last hour we've heard from our political editor laura kuenssberg. rob watson, in oxford. my my first challenge to you is explain what on earth dynamic alignment by the back door means in normal people language. right. it just the back door means in normal people language. right. itjust means that currently, the uk is effectively still a member of the eu and of course we share the same rules and regulations on things like labour rights and environmental measures, now what dynamic alignment means is that let's say afte

a lot of confederation of british industries said we would like a transition period. they get that are not, time will tell. just all the new procedures, new red tape. you would hypothesize that would mean customs delayed, getting things processed, goods being transferred from a to b. so you would expect some impediment to trade. and the goods and services, how that will be impacted. it is unlikely there will be a smooth transition. how long the transition is and hence the impact on gdp, that will be the key thing. obviously sterling traders will be looking at that. david finnerty with us. coming up, indonesia promises to reduce the deficit and bring discipline back to government spending plans. we'll hear from the head of fiscal policy. this is bloomberg. ♪ is bloomberg. ♪ 10:39 in shanghai. warning thatority children and the elderly should stay indoors because of the air pollution. they say the air in shanghai is quote, heavily polluted as of 10:00 a.m. certainly that is perhaps even visible by these live images coming in from china's financial capital. meanwhileindo

the deputy director—general at the confederation of british industry. e to see whether we get any sort of deal. ben, thank you very much. let's catch up with the weather forecast from ben much. let's catch up with the weatherforecast from ben rich. if you have managed to dodge the downpours, there has been some sunshine to be had. but generally, quite an unsettled flavour to the weather, which continues throughout this week. rain at times, often windy, but with that, it will feel mild. could see some more persistent rain for a time across parts of eastern and south—eastern england during this evening. overnight, plenty more showers pushing into western parts. some of these on the heavy side. further east, more dry weather, some clear spells. temperatures not dropping too far — getting down to between three and 8 degrees in most places. for tomorrow, it is another sunshine and showers day. the showers most plentiful across western areas. again, some of these will be heavy, whereas further east, not as many showers, more dry weather and some spells of suns

very popular in any quarters no matter what the politicians tell you the boss of the confederation of british industries today has said that the difference between no deal and a deal would be very significant in terms of the hit to national output it's been predicted at 2 percent of the economy just next year with that in mind the speaker of the u.k. parliament has said. politicians here may have to sit until the 24th of december if there's any deal in the offing to ratify it of course it's got to be ratified around europe and in the european parliament as well but at the same time we're hearing from e.u. sources that the commission is going to be publishing its no deal contingency plans very soon are not in thanks for that update from london. france's data protection watchdog says it's fined google once again the watchdog says the tech giant has been fined $121000000.00 for breaching european union online privacy rules in a statement it said it had also imposed multimillion dollar fines on amazon for breaching the same rules related to tracking user data and facebook has been hit with lawsuits from the

lord karan bilimoria is the president of the confederation of british industry and joins us now.an four weeks away from the deadline of the transition period ending. it is a.5 years since the referendum and we still haven't been able to agree this. the uncertainty is due soon, so scary and so worrying. what a time for this to be happening? the 31st of december, right between christmas and new year we re right between christmas and new year were right around the world many country sort of shot down! at a time like that, you have to cope with all of this uncertainty and all of this disruption. if we have a deal, at least there is some certainty. even if we have a deal we would have to adjust to it. the government has sent out a letter to every business in the country saying check, change, go. well, check what? change what? where? we need to know now. this has to be done and there has to be compromise on both sides. as president of the cbi, a state on the council of business europe, which is my counterpart in all of the 27 countries around europe, including countries around europe,