we will hear from jim ratcliffe.his is bloomberg. ♪ i can't believe you corporate types are still at it. just stop calling each other rock stars. and using workday to put finance and h.r. on one platform. tim, you are a rock star. using responsible ai doesn't make you a rock star. it kinda does. you are not rock stars. (clears throat) okay. most of you are not rock stars. oooh. data driven insights, and large language models. oh, that's so rock roll. it is, right. he gets it. yeah. francine: welcome back. the uk's second richest purses -- person says britons have had enough of the tories who have been in office for 14 years. i spoke to jim ratcliffe. jim: i wasn't a fan of the wind and change. that was foolish -- of the london change. that was foolish. why do you want to encourage them to leave. it doesn't make sense. they bring enormous value to the economy. i think the regeneration of manchester caught investment. francine: what is your take on the u.k. right now with the elections? is it good for business? jim: i

let's talk about how jim ratcliffe, the u.k.ays this country is ready for a change. he said this in a conversation with francine. >> if you just look at the economic issue for the u.k., in my view, it's quite simple. the u.k. is 2 trillion pounds. the g.d.p. is two trillion pounds. and the government take at least half of it. so the government spend is one trillion pound. so, we spend 60 or 70 ball year. the government spends one trillion. that's an awful lot more. so, you need to spend the money well because you're not spending your own money. you're spend the population of the u.k.'s money. and, you know, there are good reasons why people pay taxes. you've got health care, you've got police. you've got roads. all those types of things. and i don't think the government manages those things very well. and i don't think it focuses on it very well. and i don't think it's got the right quality of people running them. but they're spending a trillion pounds. the health service is a mess. we don't have security anymore. education's a

we will bring you our interview with jim ratcliffe. that is coming up next. bloomberg. ♪ her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> good morning, this is bloomberg daybreak europe, these other stories that set your agenda. nvidia becomes the world's most valuable company is tech drives a global rally in stocks. fed officials again urge patients on rate cuts. the u.k. turns to cpi data due out in an hour's time with the bank of england's 2% target in sight. plus, the uk's second richest pers

tom: that was a chairman jim ratcliffe speaking exclusively with bloomberg's francine lacqua. am going to speak exclusively with hg ceo and managing partner matthew brockman, one of the most significant pe names, particularly in the tech space, in her uncle's unhappy. i'm sensing an underlying issue. it's t-mobile. it started when we tried to get him under a new plan. but they they unexpectedly unraveled their “price lock” guarantee. which has made him, a bit... unruly. you called yourself the “un-carrier”. you sing about “price lock” on those commercials. “the price lock, the price lock...” so, if you could change the price, change the name! it's not a lock, i know a lock. so how can we undo the damage? we could all unsubscribe and switch to xfinity. their connection is unreal. and we could all un-experience this whole session. okay, that's uncalled for. >> good morning. this is bloomberg daybreak: europe. these are the stories that set your agenda. central bank bonanza in europe. investors watch to see if the bank of england will open the door to an august cut. the day after

house select committee on weaponization of justice, they will have to answer the speculation which jim ratcliffehalf ago on sunday morning futures. watch this. >> what happened in this case is that after donald trump announced he was going to run for president, four different sets of prosecutors went to joe biden's white house to meet with joe biden's lawyers and his deadidn't of justice from georg, new york, latisha james, jack smith, shortly before he brought his indictment and of course alvin bragg who not only met with joe biden, joe biden's lawyers in the white house, he took one of joe biden's lawyers from the department of just is the to have him bring this case so all of these people and all of these jurisdictions are proxies of the biden white house. maria: senator, isn't there a way to prove this? i mean, the doj is saying absolutely no, there's no coordination, nobody met with white house counsel, john ratcliffe says the opposite. if john ratcliffe is saying the opposite, there must be a way to prove this. do republicans have evidence that in fact these pros you cue tores met with --

go and read seo. pacino are linked to the role about the board, which includes new shareholder jim ratcliffe decide to stick with the 54 year olds . it was just 2 days out until the euro is in former united player. cuz john a rinaldo is in great goal scoring form. the 39 year old, warmed up for his 6th year, owes campaign in familiar style. he scored twice in portable 3 when it gets the republic of ireland. it takes as international with holly to a record extending $130.00 goals. he lifted the trophy in 2016, his side will look to reclaim the title, starting with their group as opener against the checks with public on tuesday. you can finish their preparations with a for know a went over against moldova injury. concern though as of advertising defender vitale. rico, link or limb. dogs in the 1st half serona and spanish low league is top score arts and deal break scored in the victory. they open their tournament against romania on monday. well, the couple america takes off in the us on the 20th of june and defending champions . argentina are finalizing their preparations. we don't massey and

of the election , at the course of the election, at a launch the other day of the labour party, jim ratcliffeed and ineos, laughed out loud at the idea that we could have a green, production of electricity on the on the target, on the timetable that's been proposed. we have had stellantis saying that it may have to pull out of production of vehicles in the united kingdom, because they're going to be fined if they produce too many non—electric vehicles and demand for electric vehicles and demand for electric vehicles seems to be going down. can net zero be achieved on anything like the timetable being proposed by either labour or the conservatives >> yes, and it has to be. and the reason why it has to be is because the challenge that we face is so significant. but, but, but more importantly, it's a huge economic opportunity for us. and for the country. you know, we're seeing this framed and you framed it a moment ago as a cost. this is not a cost. this is about getting investment, private investment into the uk. and there's a huge wall of capital. our members have, you know, trillions of pound

>> i think jim ratcliffe is one tough boss to work for because it's right the way across the board.. but he doesn't suffer fools, does he? and it's like, okay, no he doesn't. >> and my way or the highway. let's bear in mind they're getting rid of something like 25% of staff. yeah, as well. so people on, you know, low wages that are not talking about the money, the players and things get here. but, things are so bad with him. >> he's even cutting down on the players. he's only going to be eight players. they're going to play eight players. they're going to play in the site. that's what he's going to do. he's going to do it right across the board. you don't mess with jim ratcliffe, you know. >> well, if the team comes back and is a great strength to start winning things again, no one's going to complain. >> of course they're not. well we'll see november, october, november always the time. so we'll see how things start. by the way, the new fixtures are out next, next tuesday. so next week isn't it. yeah. so already start planning okay. athletics last night. always love the athletics. i

. >> that's michael gove and i should say, by the way, sirjim should say, by the way, sir jim ratcliffees in scotland through ineos , his company, he's been on ineos, his company, he's been on stage today. he's been asked about this idea of decarbonising the country by 2030. he has said, that's absurd. so you've got big business here questioning the idea of decarbonising the uk or as best they can by 2030. if labour win power . power. >> really, really interesting stuff there. but of course it all ties together, doesn't it? after all, the conservatives have passed a lot of this legislation. christopher hope, thank you very much for joining us and making that all very clear. >> well, quite. yes, anyway , the >> well, quite. yes, anyway, the bank of england have decided to hold the base rate for the seventh consecutive time. it is at 5.25. well, this comes despite the inflation figure, of course, reaching the bank's target 2% just yesterday. well, the shadow chancellor, rachel reeves , says conservatives are reeves, says conservatives are to blame for the increased pressure on households.