election less than a week away, we speak to iain duncan smith. good morning. this is "bloomberg surveillance ." i'm francine lacqua here in london. there's a lot of news today and that has loads of implications for all the data across the board. let's get straight to it. global stocks are up. the nikkei 225 stock average topped 20,000 points for the 2015.time since this is mainly as private american hiring data bolstered confidence in the economy. we have to wait for that jobs data today coming through. this is what we're seeing for pound, weakening a touch. look out for pound. we are just seven days until that election, june 8. yen, i'm seeing a little movement. 111.56. crude oil, we will be speaking to the opec secretary-general shortly. let's get straight to the bloomberg first word news. nejra: we start in the u.s. the trump administration has asked the u.s. supreme court to reinstate its travel ban. the request puts the trump initiative he for america's highest court, bringing the nine justices into a national drama over claims the president is abusing hi

iain duncan smith, thank you for talking to us on bbc brea kfast.e days where you look outside and think you will do something but bear in mind, that could change with a big downpour that comes overhead. it will turn into a day, and a weekend, sunny spells and showers. looking at recent satellite pictures, fair amounts of cloud in east anglia and the south—east, this is an old weather from moving its the south—east, this is an old weatherfrom moving its way the south—east, this is an old weather from moving its way through and will continue to move through as we go through the morning. cool and fresh conditions but bright, good spells of sunshine but these showers are already on the march, pushing in across northern ireland, scotland, and western fringes of england and wales as well. this afternoon, northern ireland sees some heavy showers, the heaviest here probably around lunchtime. at this stage, by mid—afternoon, they are likely to be across scotland where they are slow—moving, with some thunder and lightning as well. some showers trickling into

iwonder, iain duncan down and she was right about that, too. i wonder, iain duncan smithbe watching this this morning saying, this is the third attack on british soil in as many months. there will be people were read, concerned, there just will be, that three in three months, that is a natural human reaction. i wonder what you say to those people? the reality is that what the terrorists wa nt to reality is that what the terrorists want to do is to try and stop those people, british people, going about their daily business, going to work, going out in the evening. of course they need to be concerned and more vigilant, which is what the police are saying, but the prime minister's statement today came off the back of the cobra meeting in which the security services actually advise her what they need and what they want, and that statement today was their view, i believe, that there is a pattern nowjust beginning to emerge about these wildcat attacks, inspired by isil in the middle east particularly and by other extremist organisations, who are now asking people to go out and

iain duncan smith. dup? can i say one thing, the football match with france. i was at the england match andi france. i was at the england match and i think it is wholly fitting and when i met french people they were very moved that the fans had sung the french anthem. my question was do you feel any kind of affinity with the dup? well, in the sense that the conservative party is the majority party, but hasn't got a overall majority. the dup, it seems, appear, and are keen to let the conservative party govern and as a result of that theresa may has to have a discussion with them. i think what you will find it is not about having an affinity, it is about what on balance are the things that they most want, the conservatives to be in government for and it's clear that the kind of arrangement i expect we'll end up with will be what they call a supply and confidence. that's to say on votes of confidence they will support us. on things like the queen's speech, they'll support us. on things like they'll support

iain duncan smith talk about universal credit. he fell 6—7 years behind schedule.are talking about a four—day week, but this country is run like a small business. who will compensate small businesses having to pay the same wages but with less activity? the idea is you get more productivity per worker when you don't work such long hours. that is why companies are thinking this is a good thing. there is a bigger question to. 30 yea rs there is a bigger question to. 30 years ago when i was growing up not so long ago, we were told we would have huge growth in wages and be able to work less hours. we have had wealth and automation, but there is growing inequality. it does not have to be that way. clapping. how do you explain the high levels of employment? there are criticisms that it may not be the right kind of employment. are you saying high levels of employment are not desirable? that is what we have. look at what we have at the moment. zero—hours contracts, look at what we have at the moment. zero— hours contracts, really low wages, insecure employment, access to tr

iain duncan smith, thank you for joining us from westminster.is more yet to come. if you are just stepping out, make sure you pack your brolly. 0vernight we have had rain across northern ireland, scotland, northern england and wales. some of that is heavy in the next three or four hours we could see 40 millimetres of rainfall so a lot of surface water and spray on the roads, possibly some localised flooding. at this stage, at 8am, the rain not yet across northern scotland. a chilly start with rain arriving later. for northern ireland rain continuing to push away but you will see a return to sunshine and showers and through the afternoon some of the showers will be heavy and thundery. heavy rain moving across northern england, especially around cumbria, and that rain extends into wales. a secondary band across the midlands over in the direction of the wash, and as he comes out, quite a bit of cloud with a little bit of sunshine. through the day the rain continues to drift north eastwards, heading across all of scotland. it turns more patchy natur

iain duncan smith, many thanks for your time, thank you very much.fternoon here on bbc news. back to you. the duke of edinburgh has been admitted to hospital because of an infection. buckingham palace says it is a "precautionary measure" for treatment arising from a pre—existing condition. the duke, who is 96, is due to retire from public duties in august. a spokesman said he was disappointed to miss the state 0pening of parliament and royal ascot. 0ur royal correspondent daniela relph is outside king edward vii's hospital in central london where the duke of edinburgh is being treated. what can you tell us? i think the tone and wording of that statement is pretty clear in that they don't want to cause any alarm or panic about the condition of the duke of edinburgh. they have said this was an admittance to hospital because of a precautionary measure, due to an infection the duke had picked up. he wouldn't hospital here last night. they say the infection has been linked to a pre—existing condition. it is a case of better safe tha n condition. it is a c

let's talk now to iain duncan smith.what you think the enquiry into the g re nfell what you think the enquiry into the grenfell disaster should look into. cani grenfell disaster should look into. can ijust grenfell disaster should look into. can i just say that my grenfell disaster should look into. can ijust say that my heart grenfell disaster should look into. can i just say that my heart and prayers go out to those who have suffered and continue to suffer in this. we want to make sure that whatever we do helps them and helps those tenants who live in the area and have been badly affected. the point i was making today was that i have for some time a deep concern about what we are trying to do when we try to make these old tower blocks that were designed, arguably, badly, they now have to be clad because the environmental requirements mean they have to have much higher levels of environmental protection, in other words not losing heat all being able to use less heat inside those buildings to make them work, and the prob

names like michael gove, iain duncan smith, those are the kind of names that are doing the rounds at simply downing street is trying to contain the message to mrs may bold—mac own message to voters and colleagues?” mrs may bold—mac own message to voters and colleagues? i think that isa voters and colleagues? i think that is a reflection on what an election result it has been and what a shock it has been, as senior members of the party ask questions of themselves, ask questions of the party, but of course, asking questions privately of theresa may and her close colleagues, because this is not what she wanted, she had hoped to get an increased majority, she wanted to strengthen her mandate, to strengthen our hand to go into the brexit negotiations. and as we know, that political gamble has completely failed. it has ended in disaster. so, why did that happen? many tories, i think, in disaster. so, why did that happen? many tories, ithink, pretty angry that we had an election in the first place. it was not necessary. theresa may did not need to call it. some are cross about the nature of

iain duncan smith the cabinet minister was saying he thought it would be an effective way to reach anment. the dup it seems appear keen to let the conservative parties govern. as a result theresa may had to have a discussion with them. i think what you will find is it is not about having an affinity, it is about what, on balance, but the things they most want a conservative party to be in government for. and it is clear the kind of arrangement expect we will end up with is what we call supply and confidence, on votes of confidence they will support us, like queen's speech they will support us, on the budget they will support us. but they will keep their own counsel on other things, they may not support us on those things. but the key areas where the votes are important, they by and large will support us. but it won't be a coalition. it will be what we call a confidence and supply agreement. there is a political imperative to doa there is a political imperative to do a deal. there has been a lot of talk between the differences between the dup and the tories. also a lot of synergy. both

to help me to help them, a premium upon brevity, i feel sure now it will be exemplified by mr iain duncan smithke under hearts and prayers go out to those who suffered so terribly and continue to suffer in the days that come. can i ask are in the course of the public inquiry to add to one further agreement, to look at whether or not this whole processes of retrofitting these old tower blocks is in fact viable at all and further or not there is a better way to both house and support tenants in these areas without the use of many of these incredibly badly designed and very faulty tower blocks and could she asked the public inquiry to look carefully whether it's feasible for us now to look at bringing some of these down and improving water family friendly housing? ungrateful to improving water family friendly housing? ungratefulto my right honourable friend for his remarks, he is suggesting the inquiry should in fact go a great tool further than looking into this particular instance. i think what's important and we will ensure that the survivors and local residents have an input to the terms of re

iain duncan smith, former conservative leader is here, as is the former liver party adviser.lead a government? these things need to be decided. you cannot say that we will have a leadership election, that will put everything into turmoil. do you think she should have a period of time before she steps down? we need to find out what the final result is and whether it is feasible for us to put a government together. we do not know what the final result will be. if it is feasible to put a government together, that changes the complexion of what we are dealing with and then the party have to top to her and decide what she wa nts to to top to her and decide what she wants to do and if she wants to do it, we need that stability. —— the party have two top to her. we need to stay calm and stable and work this through. it cannot be business as usual. it is clearly not business as usual. it is clearly not business as usual. it is clearly not business as usual. the result is full of procuring things. are poll rating has gone up but we have had a worse result. we have lost colleagues arou

politician is not much good, they don't change their mind, that was the fate of william hague and iain duncan smithhe last two years has been regarded by most british voters as incapable of being a party leader let alone prime minister. but in the course of this campaign is personal evaluation improved, such that by the end those polls that were asking people how good or bad the using jeremy corbyn is doing, he almost had as many people who thought he was doing ok as people who thought he was doing worse “— as people who thought he was doing worse —— how do you thinkjeremy corbyn is doing. given when theresa may started this campaign, it sounded as though the conservatives campaign was going to be a one trick pony. campaign was going to be a one trick pony, that is, strong and stable leadership in the national interest, but when that became rather fragile for the reasons you have been discussing around the launch of the ma nifesto, discussing around the launch of the manifesto, while at the same time people were saying, hang on, jeremy corbyn is not so bad after all. what happened in particular apa