helia, thank you.ll come back to you and some other things. >>> vodafone, it says its core earnings will fall next year because of higher investment costs. the world's second biggest mobile operator came in just above expectations. we get to see what vodafone is like without verizon. so what do you think? >> actually, in the result of sales they were pretty much in line with where we expect. we now know they have challenges in europe but are doing well in their emerging market properties. it's a tale of two different stories, you could at digital media. the target is to increase the revenue from digital media from roughly 40% to at least 50% at a time they were in negotiations with facebook. according to a source close to the negotiations, the french group signed a marketing deal worth about $500 million. the deal will be first managed by publicis in the united states before being rolled out in the rest of the world. the partnership will be focused on video advertising on facebook as well as messages o

helia is outside the bank of england. helia, they are warning about the strength of house prices. or not? >> well, i think it's fair to say that we have an accelerating boom in house prices. and it's not just the three former chancellors that have been highlighting this risk. there was a part in the oecd commentary earlier this week and even the new deputy governor of the bank of england was warning that the biggest risks to financial stability was this asset bubble and how it's going to be kept in check. we're standing outside here waiting for the mpc decision on rates i don't think we'll get any. no one is expecting rates to change before april next year. living in this new era of central banking where interest rates remain at historically low levels. and asset bubbles are kept in check by these macro potential tools. we had the mmr, the mortgage market review. that was brought in last week. we'll get banks stress tested that will have more tools in june. the question is will these be enough? with me now to discuss this is sus susan emmit. are these tools going to be enough and

helia eastbound rahibrahim has >> reporter: the fortunes of the city was changed forever.ipeline was created to bring north sea oil from about 50 platforms offshore. that created a huge amount of work and an economic life line in the 1970s to a great britain that was struck by economic malaise. since then, politicians of all sides have used oil receipts to finance public spending. with the referendum approaching, the question still remains, how much oil is left? the problem is, there's a bit of a mismatch. the obr is forecasting that oil revenues will hit 3.2 in 2016. that's the first year of scottish independence. meanwhile, scottish government is saying that it could get as high as 7.9 billion. some major players situated in aberdeen have already stated their concern about the effect that scottish independence could have on their operations. >> it is very important that the industry points out the risk and opportunities about the different businesses. here we're saying from a business point of view, we don't see that this makes sense. >> the problems of declining oil rev