. —— hmrc. so why this is the all—consuming passion, i am amused by it.worked well for the eu. clearly there is huge amount of concern over this issue. the prime minister had a tough ride today. concern over this issue. the prime minister had a tough ride todayli was in the press gallery watching it andl was in the press gallery watching it and i counted one mp standing up and giving support to theresa may's plan. borisjohnson giving support to theresa may's plan. boris johnson will stand giving support to theresa may's plan. borisjohnson will stand up and criticise it, but there are other people, like justin greening —— just the net greening, criticising the proposal, saying it is appalling. there was a lack of support for theresa may and her plan, notjust support for theresa may and her plan, not just on support for theresa may and her plan, notjust on the backstop, but oi'i plan, notjust on the backstop, but on the chequers deal in general. the key thing with the backstop is that theresa may says she expects this backstop to be ended by the end of 2021

meanwhile, online payments firm paypal is paying more tax after an hmrc enquiry.s not good enough and that disadvantaged people are not being given the support they need. and struggling fashion chain french connection has confirmed speculation that it may be up for sale it issued a statement earlier saying it is "currently reviewing all strategic options, which include the potential sale of the company". facebook‘s uk subsidary paid £15.7 million in tax this year, triple the amount it paid in 2017. elsewhere, paypal‘s uk subsidiary has agreed to pay an extra £3 million in tax following a review by british tax authorities. last week, chancellor philip hammond raised the prospect of a new tax for large technology companies which have frequently been criticised for paying modest amounts of tax in the uk. heather self is a tax partner from accounting, tax and advisory practice blick rothenberg and she joins me from the newsroom. thank you forjoining us. what do you make of this higher tax bill for facebook? is it significant? they say they have changed their operating

in its newly—filed accounts, paypal says: "hmrc has been reviewing the compa ny‘s direct tax positionas agreed and settled its outstanding liabilities, and as a result is not subject to any current inquiries." around 40% of young adults in the uk cannot afford to buy one of the cheapest homes in their area, even with a10% deposit, according to a new research. the institute of fiscal studies said house prices in england have risen by 173% over two decades, but average pay for 25— to sa—year—olds has grown byjust i9% over the same period. china's central bank has cut the amount of cash banks must hold as reserves by one percentage point starting from 15 october. it is the fourth cut this year. policy makers are seeking to shore up the economy amid a worsening trade war. more now from the paris motor show, and we are talking concept cars today. to you and me, these are the cool cars money can't buy. take a look at this. these are the financial markets. we haven't got japan, their markets are closed for a public holiday. hong kong is down nearly i%, reflecting the losses we have seen in s

at one point the head of hmrc intervened on the border force head to say in public that he was wrongt senior civil servant. you get a sense of the scale of exasperation. you have only got five months left. if there is no deal, surely you will have done, surely that will be one of your top priorities, to do a security assessment of what the consequences are of security assessment of what the consequences are of no deal at the border. absolutely. the home secretary has already said he thinks that if we were to lose, they would be suboptimal, but i think it is a very difficult judgment. be suboptimal, but i think it is a very difficultjudgment. so you don't know what the level of security downgrade is going to be at the border if there is no deal? security downgrade is going to be at the border if there is no deanm is extremely difficult for us to say at this point what the precise match would be of any contingency measures that we could put in place. it is impossible not to conclude, watching the whole testimony, that there was again and again evasions, non—answers, waffling, from thos

. —— hmrc. itook more money, you shouldn't be above the law. —— hmrc. that goes on in the background. i am sure they did it now, i didn't know when they were doing it, but there are a lot of cheques that go on. it is alarming, this number of people are still being considered for honours, respected, despite that they are tax dodging and other things going on in the background. the article only mentions one. there is the to mention them otherwise we will have that start saying. we all know who we are talking about. let's talk about this story. this seems extraordinary. this is a mobile phone based sensor that can sense or analysing brilliant in food and so it can tell you if things like your milk is off. presumably you could do this in the shops and it will tell you whether or not this is something you whether or not this is something you want to see, something that might work for your diet or if you have intolerances. a real step forward. exactly. that is why i am excess forward. exactly. that is why i am excess at excite —— excited about this. especiall

they announced the shares would be suspended and it emerged a hmrc were seeking a winding up order over then this bombshell, without an immediate injection of cash, the owners are of the view there is no scope for the business to continue trading. lots of questions, how did this happen, what did the finance director know, who is currently suspended. but there is no allegations of wrongdoing at this stage against him. what about the auditors who gave this company a clean bill of health. but the biggest question of all tonight and for the stuff, if they don't get this emergency injection of capital, what happens to this company, its 206 stores across the uk and its 2500 employees? thank you, simon jack. a russian space rocket has made an emergency landing in the desert in kazakhstan, after suffering an engine problem shortly after blasting off. the soyuz spacecraft was taking a russian and an american to the international space station, when one of the booster rockets failed. the two crew members landed safely, as our correspondent sarah rainsford reports from moscow. liftoff. and there i

and i would include hmrc behind that.ey provide are critically interdependent and a capability of those two other departments. department for environment, food and rural affairs. another labour mp took up to questioning. you think the most likely points of failure are going to be? if one thing does not work or is not ready on time and has effect across the system on another activity in other departments. so that's one thing to say. i think it's inevitable that the areas that are going to be under most stress will be on the border. transport is inevitably an area where, if you'll pardon me, it's clearly an area where there are risks that have not been addressed it will be highly visible and have very significant consequences. the department, he said, had considerable expertise in managing projects. i have some concerns that because they are putting, and faced with this task and approaching it very vigorously, that they have actually been needed to be very positive about it and they have convinced themselves that it's worse

if you look at the evidence john thompson, head of the hmrc, gave, he said we could resolve the issuesrder with no extra infrastructure, the border in northern ireland. technology has a role to play, and it's something michel barnier has said. what we can't do is allow ourselves to stay indefinitely in that limbo. i think with goodwill and oomph on both sides to get this deal over the line. if you think about it, as important as it is, these are the only outstanding issues that should be stumbling blocks. the good news is, actually on the vast range of other issues, we're pretty close to getting there. when he talks about not being stuck in limbo, he said you could either have a situation where we have agreed a way out of it, ideally being triggered by the uk if the uk thinks that extension should end, but he also, for the first time, put a number on it. he talked about this being three months, which was interesting. for labour, the big question is with the tory party so divided, will they vote against whatever deal theresa may and dominic raab come back with, or will they vote against

mr speaker, hmrc are not going at capacity to cope, they're not going at capacity but at least we knowt's capacity for incompetence is utterly unbounded. the secretary of state is criticizing others for so—called intransigence — isn't it time for the government to drop its own stance to go back to the beginning to defeat the stupided lines and start again? i would say to the honourable gentleman if he thinks this late stage in the negotiation we can go back to the beginning, then i am afraid it's a rather delusional approach to these negotiations. but we have made good progress, we are close to bringing a deal and i think what is the responsible things to do for members on all sides, regardless of their views on brexit, is to get behind the government so it can clinch that good deal for all parts of the uk. has the brexit secretary made republic of ireland aware that if the french start mucking about with calais and the go slow in the event of no deal, the biggest impact won't be on uk trade, it will be on the trade on republic of ireland passes through this country? i thank my honoura

the hmrc says that it believes hundreds of billions of pounds is entering the uk annually, where profitsoney appear legitimate. to put a stop to this, the government is partnering with estate agents advising them on how they can spot signs of money laundering. looking at the market... shares in rolls—royce have dropped as much as 13% today after bloomberg reported that there were delays to its engine production for the airbus a330neo jet. brent oil continues to fall. as a quiet week for the euro this morning. that's all the business news. thank you much. let's bring you the latest in the united states very fa ct latest in the united states very fact that the reason pipe bombs that have been sent to opponents of president trump including hillary clinton and we are hearing now that there had been ten suspicious packages discovered so far but we are hearing about an 11 that has been found in florida. this one is addressed to the democrats senator cory booker. that has been reported by various american media, just been confirmed according to reuters by the fbi. there had been a whole state o

it merged yesterday that hmrc issued a winding uprd kerr and then this bombshell today, this afternoon scope for the business to continue trading in its current form. lots of question, what was the finance director doing? he is suspended. what were the awed terses doing, this chucks a log on the fire, whether we can trust financial statements but the biggest question tonight, you can see the lights are off, the biggest with are the lights going to go back on? that is the crucial question for this company, its 206 stores and its 2500 employees around the country. simon, thank you. the rap star kanye west, who recently said he wanted to be known simply as ye, has met president trump at the white house, to discuss mental health and prison reform. he said the best way to keep black americans off welfare and out of prison was to create more jobs. this is our president. it's true. he has to be the freshest, the fliest, the fliest planes, the best factories, and we have to make our core be empowered. we have to bring jobs into america, because our best export is entertainment and ideas, but w

series of events on wednesday, shares were suspended, a black hole in its finances were discovered, hmrc in order to shut the company down. them issued a statement saying it could not continue at a cash injection. last night that finance director was arrested. talks are ongoing and they understand the major shareholder lukejohnson, understand the major shareholder luke johnson, pizza express understand the major shareholder lukejohnson, pizza express etc, is not ina lukejohnson, pizza express etc, is not in a position personally immediately to provide a cash injection, so it looks pretty grim at the moment. we expect an update this afternoon or first thing tomorrow morning. but i think this company tomorrow morning. but i think this com pa ny really, tomorrow morning. but i think this company really, its future, 205 stores, 2500 staff are in the balance as we speak. simon, thank you. our top story this lunchtime: the government says it will not commit britain to accepting an brexit deal that will leave uk part ofa brexit deal that will leave uk part of a permanent customs union with the

british hmrc had said there are no circumstances on which we would require additional infrastructurely people proposing a hard border or postulating at the eu. they are actually in quite a weak position because they are saying if you don't agree our terms, which they think will do away with the need for a ha rd will do away with the need for a hard border, there won't be a deal. in which case, we direct a border. it's a self—defeating thing. if there is a deal, it's only then they would direct a border, we wouldn't. why are we giving so much prominence toa why are we giving so much prominence to a non—issue? why are we giving so much prominence to a non-issue? the problem is the uk government signed up to this last year, didn't they? do something very confused, yes. you'd think that was a deliberate fudge? confused, yes. you'd think that was a deliberate fudge ?|j confused, yes. you'd think that was a deliberate fudge? i think there will almost certainly people in the eu government machine who saw it as a useful lever for them to leave their colleagues into not giving us a proper bre

. >> in 2014 about to hmrc and the been chancellor to ask how much taxes unpaid on lighting income from private landlords they wrote back to me and said it was 500 million in their estimate which is enough to build around 7000 social homes. how much is that tax gap now? >> i say to the honorable lady that in overall terms we have enclosed in the tax gap over the years. i think my right honorable friend the chancellor said, any budget on -- is 2010, we have through the work we've been doing close of the tax gap to ensure we do with tax evasion and avoid there with collected 185 billion pounds or protector 185 billion pounds of revenue for the government. >> mr. speaker, it's a 47 years ago this week that the uk space launch took place through the black arrow project. many of us feel that too long. with the confirmation of vertical space court in scotland, very welcome, the real price it refers to work with horizontal launch. as the transluminal, it is well placed to deliver this but will the prime minister confirm that the government remains ambitious to first move on horizontal launch a

meanwhile online payments firm paypal is paying more tax after an hmrc enquiry. need. and struggling fashion chain french connection has confirmed speculation that it may be up for sale. it issued a statement earlier saying it is "currently reviewing all strategic options...which include the potential sale of the company". you will be aware our top story today has been climate change, and business implications as well. that's right, this report is damning in what it says needs to be done by governments, by people, but also by businesses. in particular it holds inafew businesses. in particular it holds in a few areas, land use, the role of people, energy, regeneration, so really the key question is what is the role of governments but also what are the roles of big, small and medium multinational businesses around the world. a little earlier, my colleague spoke to the environmental scientist chief executive of the climate alliance. he asked about the situation was when it came to climate change. we have already reached overi degrees of warming since preindustrial t

is actually paid to hmrc.hore territories and we will stop our generous r and d tax credit system being abused by introducing a restriction for the small and heed yum size companies scheme. labour talk tough on tax avoidance and evasion. we take action. mr deputy speaker, investing in our infrastructure, backing the technologies of the future, supporting british businesses, updating our tax system for the digital age. that is how we will deliver the high wage, high skilled economy of the future. but we must also recognise that technological change will bring challenges as well as opportunities and there is one pa rt as opportunities and there is one part of our economy that is currently confronting that challenge in spades, our high streets. embedded in the fabric of our great cities, towns and villages, the high—street lies at the heart of many communities and it is under pressure as never before as britain adopts online shopping with greater alacrity than any other large economy. if our high streets are to r

they discovered a winding up order of hmrc with a high tax bill.fectively, it will not be able to continue trading as it is. with other retailers, that would be going into administration. and then the business either has to find a buyer for the business or it ends up being wound down itself. a horrible day. there, who are waking up this morning really waiting for some news. there could be a cash injection. the entrepreneur luke johnson, a major shareholder in the business, he has been a big part of the chain's growth. will he put more of his money in? will anybody else? they are the questions that are really being looked at to date. patisserie valerie. it is a major presence on the high street. a lot of branches. more than 200 cafes around the uk. other brands as well, there is a v&a brand that others might be familiar with. it is not just patisserie valerie. —— v&a. 200 cafes. unlike a lot of retailers, there is one quote from an anonymous number of staff there saying are we going to get paid in three weeks time? they will have not had those updat

and after hmrc found that black hole in their finances, it could after hmrc found that black hole ino survive. that is dominating the lot of the papers. that is in a lot of the papers today. but you are right, and picking up on another story as well. james murdoch leading the race to move james murdoch leading the race to m ove over james murdoch leading the race to move over to tesla. you might know james murdoch, son of rupert murdoch, currently at 21st century fox and has just stepped down from the board of sky, but he could be moving and take over as head of the electric car maker, after elon musk, the billionaire inventor who has come up with all these plans for tesla has been forced to step down after tweeting about raising money. soa after tweeting about raising money. so a lot of concern about elon musk‘s role, but james so a lot of concern about elon musk‘s role, butjames murdoch so a lot of concern about elon musk‘s role, but james murdoch could step in and steady the ship. the people of florida are no strangers to hurricanes, but even by their standards, the one which hit

there was an exchange about 50 minutes ago in which they had of hmrc directly and publicly intervenedon the border force officers would have in terms of the people attempting to get into the uk. the only thing that was striking was the right of obscure obvious creation. you get a real sense and just how much uncertainty swirls around the question of a no deal. as far as immigration is concerned, very striking this from the immigration minister, suggesting they would be a huge burden on employers to try and work out who had a legitimate right to be here in the uk in the event of a no—deal brexit. so many european citizens wouldn't have paperwork either way to prove whether they could be here. take a look at this. employees will be able to evidence whether people have been, if somebody has been the system they will be able to evidence that. if somebody hasn't been here before the end of march next year employers will have to make sure they go through adequate checks. it is a very fair point that we do not wish to discriminate against people who have every right to be here, who we wa nt

in 2014, i wrote to hmrc and the then chancellor to ask how much tax was unpaid on letting income fromcani how much is that now? can i say to the honourable lady that in overall terms, we have been closing the tax cut gap over the yea rs. as closing the tax cut gap over the years. as i think my right honourable friend the chancellor said in the budget on monday, since 2010, through the work we have been doing to close the tax gap to ensure that we deal with tax evasion and avoidance, we have collected £185 billion, or protected £185 billion of revenue for the government. it is 47 years ago this week that the uk's last space launch took place through the black arrow project. many others feel that is too long. the real prize is to be first to market with horizontal launch capability. as the prime minister will know, our new spaceport is ready to deliver this, but will be prime minister confirmed that the government remains ambitious to be the first mover on horizontal launch, and will she back spaceport cornwall's bid? can i say to my honourable friend that he has raised an important iss

time, paypal‘s uk subsidiary has agreed to pay an extra £3.1 million in tax following a review by hmrc chain french connection has confirmed speculation that it may be up for sale. it issued a statement earlier saying it is "currently reviewing all strategic options, which include the potential sale of the company". we start with news that mps have criticised the apprenticeship scheme, saying the training is not good enough and that disadvantaged people are not being given the support they need. the government said that 83% of training providers were rated good or outstanding by 0fsted. the commons education committee has released a list of 27 recommendations to government, including new bursaries and capping the amount of training organisations can give until they can prove it's good quality. lizzie crowley is the skills adviser from chartered institute of personnel and development. good morning. do you think they are good enough, the apprenticeships offered? i think there are a number offered? i think there are a number of problems with the current system. it is difficult to say abou

it is perfectly possible and irish revenue commissioners, hmrc, customs experts, they have all put forwardof harmonised laws and regulations under the jurisdiction of the eu in order to avoid infrastructure isjust not true. where we are now, october the something, i do not know what date it is, 2018, due to leave in march, 2019, what is your assessment of whether you are any closer to getting a second referendum, femi? asl getting a second referendum, femi? as i mentioned before, there is no good deal on the table. to avoid a ha rd good deal on the table. to avoid a hard border... it suits you to say that because you want a second referendum. breaking down the irish border issue properly. no, i am asking you about whether you think you are any closer to a second referendum. we are very close because the direction we are currently heading is not something most people are in favour of and ultimately any party in power will be answerable to the population and if they deliver a brexit deal people do not want, they will be very angry. we have been asking people why they voted for brexit, more c

it is a largely political question, neil cody, head of the irish revenue and john thompson, head of hmrcfor infrastructure, there are techniques that can be used at the moment, to manage that relationship between north and southment after all there is a in terms of the money used, the legal system, in terms of excise and duty, there is all sorts of borders at the moment. do you buy that? the reality is there is no deal and it has taken a long period of negotiations, we are still waiting and there is no certainty, i think that is what people want as far as possible. that is that is my real concern, i don't think the british government is negotiating effectively with the european union we should be robust in defending that relationship, that is what i wa nt that relationship, that is what i want to hear. it is disappointing to hear the intro where there is nothing on the table, no movement from either side. we will come back to that. bronagh, thank you for talking to us, you grew up a couple of minutes from the border, how many times a week would you cross that border on average. once a da

are they responding to pressure or hmrc pressing harder?ies. but lots of people are saying that is not what they should do and they should book the sales in the country in which they happen and therefore pay tax in those countries. facebookjust therefore pay tax in those countries. facebook just filed therefore pay tax in those countries. facebookjust filed its accounts. 15 million it is now paying in tax and twitter saying it is paying 2.4 million in tax, up from 815,000 the year before. we also heard from paypal as well, paying an extra £3.1 million in tax. so this will hurt. this is happening ata time so this will hurt. this is happening at a time when some of their profits are coming under pressure as well. lots of people concerned about privacy concerns and that is hitting the tech firms as well so they are being squeezed at both ends at the moment. interesting. thank you. the authorities in china have said that they're holding the worldwide head of interpol on suspicion of corruption, and allegations of bribery. interpol says it's rec

they are people that we have contact with, hmrc have contact with.iron pot that we will get a deal with the european union. isaid get a deal with the european union. i said that if we get that deal, because there will be a benefit to the economy for getting the deal, we will do better than i set out yesterday, with more money for public services when we do our spending review next year, and perhaps more available going forward for somewhat tax cuts. chancellor phillip hammond, thank you for talking to us on breakfast this morning. thank you. to get in touch with us and let us know your thoughts on what the chancellor has said to us. here‘s matt with a look at this morning‘s weather. good morning. another chilly start across parts of the uk. look at this. one of our weather watchers in devon at the moment. quite a sharp frost on the ground. a single—storey across many western areas, temperatures are still below freezing. —— a similar story. we have seen them lift across parts of scotla nd have seen them lift across parts of scotland and north—west eng

hmrc has recovered £332 million of extra tax from professional mr dyson has decided to manufacture histhan this. they can‘t do very much. let‘s get a bit more advice. joining us now is james hughes, chief market analyst at axitrader. what can the europeans do? agree to disagree on this? book under sanctions can they take against italy? they can't really do too much to be honest. the problem that we have a twin italy in the european commission and the use is that the italian coalition government, which is shaky at has the issue they have is shaky at has the issue they have is that for a long time, the election promises were mainly on the budget that were about spending increasing the amount of spending and if the european commission didn't necessarily agree with what they thought, what they did previously was even offered the electorate an option to say you can go to leave here eu and the euro, now the issue that the european union have is that how do they play this? do they punish italy hard and then forced the italian coalition government who have promised everything in terms of elect