hugh pym, bbc news, milton keynes. of infections, while for others the easing can't come soon enough. 0ur north of england correspondent fiona trott has been speaking to people in newcastle. it's a city famous for its nightlife. but for the people living at the heart of it, that seems a distant memory. they wanted a road map that came out of lockdown faster. i worked in a pub part—time to fund my university experience

hugh pym, bbc news, milton keynes.ross the country have faced uncertain and changing conditions, with many hoping that today can now provide some certainty on which to base future plans. 0ur consumer affairs correspondent sarah corker has been finding out what businesses in the hospitality and tourism sectors, both hit particularly badly in the last year, make of today's announcements. navigating a course out of the third lockdown was never going to be easy. 0n the shores of lake windermere hotels and holiday parks are desperate to reopen when it is safe to do so and claw—back covid losses. most of our income is taken between april and september. part most of our income is taken between april and september.— april and september. part dene resource employ _ april and september. part dene resource employ up _ april and september. part dene resource employ up to - april and september. part dene resource employ up to 6000 i april and september. part dene - resource employ up to 6000 people across the uk and these holiday l

roosevelt was willing to take the risk on the likes of keynes so we need political leadership which is willing to break out of this cycle of a standard you cannot mix and certainly in the 2 leading u.k. parties at the moment the largest ones labor conservative we're not seeing that and we also need our people to communicate the message you doing that by putting me on this program now but what's wrong 'd with the public commonsense idea that low we're running up the bills in the debt like there was no tomorrow because of the would have been a victim model as we've been prepared to to do it but somehow the bills will come flooding through the letterbox their coats will have to be paid what is the same story wrong with that partly foolproof common sense idea that one day their coats have to be paid. well the simple answer is that they won't have to be paid because they have been paid and that's what most people don't get of course we pay the bills we've seen the money go out in the economy businesses have been kept afloat furlough has been provided the government has continued to provide

so in terms of getting this idea and to policy effect i mean do we need john maynard keynes do we need some of that or the to grasp the idea of and ram it down the floats of the chancellor of the exchequer of the governor of the bank of england have been how's this going to be done out of the opportunity that exists when a crisis is greater than the exists the normal times as in a crisis that the people come forward to take risks to get the job done what's the prospects of that happening now what we need are 2 things we actually need political leaders who will listen to the thinking this week create it and that's what happened in the 1930 s. roosevelt was willing to take the risk on the likes of keynes so we need political leadership which is willing to break out of this cycle of a standard you cannot mix and certainly in the 2 leading u.k. parties at the moment the largest ones labor conservative we're not seeing that and we also need our people to communicate the message you doing that by putting me on this program now but what's wrong with the public commonsense idea that low we're

hugh pym, bbc news, milton keynes.essure? difficult to see how long _ under huge pressure? difficult to see how long we _ under huge pressure? difficult to see how long we are _ under huge pressure? difficult to see how long we are going i under huge pressure? difficult to see how long we are going to i under huge pressure? difficult to see how long we are going to be | see how long we are going to be under this pressure, because before covid many nhs services were under pressure throughout most of the year and particularly overwinter. and even at the moment even the numbers are coming down as we heard from the report that we are still at numbers almost at the same level of the peak in april. and there's no doubt that as we go through the next 12 months things are going to be back how they were just over 12 months ago so it's going to be a very difficult year for us all i think. is going to be a very difficult year for us all i think.— going to be a very difficult year for us all i think. is this road map the riaht for

four more frames this evening to win the players championship against ronnie o'sullivan in milton keynesain's elfyn evans has slipped to fourth in the world rally championship after he could only finish fifth at arctic rally finland. the race was won by oit tanak. freestyle skier gus kenworthy is an openly gay winter olympian, but says he was "too scared" to come out before the sochi games because he feared reprocussions after russia introduced new anti—gay legislation. he came out the following year, but then received death—threats at the 2018 olympics. the skier was pictured kissing his boyfriend in pyeongchang and it became one of the most iconic moments of the games. kenworthy has represented the usa at the last two olympics but will compete for great britain at the beijing 2022 games. he's been speaking to bbc sport's nick hope as part of lgbt plus history month. ican i can remember semi times on ski trips with overnights that i would make sure i was the last person in the room to fall asleep because i was really scared that i was out myself, essentially, and because i talk to my sl

on tokyo suburban aps good amazing 54 year old keynes and young i say. the time he doesn't go out much kanji is a he could morey the japanese word to socially be true and paypal who spend their lives avoiding. the outside world so this is your very quotable going to have there are no more who want that that's got a quality aim a good unit will send in the sky don't need it but he's still mobile can i he wants to marry me be ripped off could be you know they've got a mama you who are your own body community. or your work which you write. the government estimates there are more than 1000000 mori across japan most are over 40. kanji has lived like he's the hafiz line he says he doesn't fit with japanese society. when i keep him. jumanji moon mask we eat out in my. bones we push the 9 down i couple seasons are mine when you go you are all sort of thing the awkward you in just the thought of the. conquer this and that by being socially withdrawn do you feel that you're missing after all some summoned up in the night that was all not on the schedule so no comm

hugh pym, bbc news, milton keynes. now that details of the road map for england are being studied in more detail, some are concerned that easing the lockdown is happening too quickly given the level of infections, while for others the easing can't come soon enough. our north of england correspondent fiona trott has been speaking to people in newcastle. it's a city famous for its nightlife. but for the people living at the heart of it, that seems a distant memory. they wanted a road map that came out of lockdown faster. i worked in a pub part—time to fund my university experience and pay my rent and stuff. and we made it so covid—safe that i did feel like it was a safe place to be in, and now it'sjust frustrating that that seems to be forgotten about and they're going to be the last places to open. and it's sad for the city because it's the main part of the city. the prime ministerjust needs to remember when he was our age and what he was doing at that time and that is a huge part of our lives and we don't have that any

pet you eat this this does this that based monetary system i think it's the function keynes perhaps implicitly realized that 'd one needs of the system needs more and more debt and that's what these people are doing they're loading up on. public debt and they're also trying to incentive to incentivize the public and also the corporations to take on more more steps because if they wouldn't do that as you mentioned the beginning this whole. that scheme would implode so 'd so we're really trying to to to to keep it going as long as possible at the end of there we'll probably see some kind of a remailer nation in. various real asset prices. obviously that is already on the forefront of this. i think it was because you have some kind of monetary zation factors but also gold and real commodities will have to. reprice relative to this whole fear that money amount tsunami which is being printed so i stock about gold it had a new line 2020 but i spend choppy ever sence kind of fell back despite all the money printing despite all the lock downs what's going on with gold what's what sirrah forecasts for

it's amazing to me, and as john maynard keynes once said, the market can remain illogical far longer than you and i can remain solvent. maria: a lot of people take on a lot of risk when you look at the junk bonds market where you're seeing that area break 4% for the first time in a long time, yields, i'm talking about, or you could also look at bitcoin. you know, bitcoin has been soaring. are these some examples, in your view, of the fact that there aren't any alternatives, and people are searching for yield? >> well, they're searching for something. i'm not sure -- in bitcoin, you're searching for anybody to buy it at a higher price than you've already paid for it. bitcoin has never made a good deal of sense to me, compared to gold that has add had a 2,000-year,5,000-year history. somebody was talking about this is the tenth anniversary of bitcoin breaking above a dollar. to me, it's just another tulip. phase as the great tulip speculative bubble of, what, the 15th century in holland. we have a bubble in stocks, we have a bubble in bitcoin, we have a bubble in commodity prices. ther

semi—finals of the players championship after beating neil robertson by six frames to two in milton keynesd today as part of our continued coverage of lgbt* history month we're looking at gay marriage which became legal in most of the uk in 2014 —but in northern ireland only last year. our reporterjo currie has been catching up with two recently engaged couples, footballers angharad james and amy turner and wheelchair basketball players robin love and laurie williams about their thoughts and their plans. talked me through the engagement, who did what? how, when, where, tell me all about it. it who did what? how, when, where, tell me all about it.— me all about it. it was all me. i flew to paris _ me all about it. it was all me. i flew to paris and _ me all about it. it was all me. i flew to paris and managed - me all about it. it was all me. i flew to paris and managed to i me all about it. it was all me. i i flew to paris and managed to get there and her face was like couldn't believe it. ~ . . , there and her face was like couldn't believe it. ~ . ., , , ., ., believe it. what was your r

you heard the statement counterpart to counterpart what this means is that the president speak to keynes that's the way it was before the trumpet ministration and it's a way that is now going to be reset so president biden when he talks to the leadership he will be speaking to the king and not to the crown prince there's another new onset is entered into the by the administration's discourse since it's taken power and that it refers to saudi arabia as a security partner it does not use the word ally which was the word that was used by donald trump when he was president so these are seemingly nuances but a very important in terms of how the relationship has been set up we've also heard from the biden and ministration an insistence that it is going to focus more on human rights issues within saudi arabia rather than weapon sales which is once again a hallmarks of the previous administration so all of these factors taken together show a marked change in the u.s. position compared to the previous administration at the same time it must be said that the biden and ministrations stool signals t

distance learning is off putting for students this is what you character in their own district and keynes for money. back home so like and also like fear of getting you know when you go outside so there's so many things going on the emotionally and physically. i had to choose between printing a lesson and buying from i chose food rather than printing or trying to turn to local food banks so it'll cost me as little as possible i'm not talking about living i'm talking about surviving. survival of the fittest doesn't sound great and as you'll hear in a moment it's not going to change anytime soon but there are more optimistic ways of looking at the situation to students we'll talk to a psychologist a moment 1st this report from france. turned over this temperature of a clever young to child over the phone across standing in line for groceries many of the students at the paris known terry university are here to pick up donations. their situation is dire. oh. well you can write the story noodles. is also a student the 24 year old volunteers to distribute food in her area to me there's baked be

. >> john maynard keynes says the market remains illogical and now bitcoin seems utterly illogical. >tion is, will bitcoin continue to shoot for the heavens or come crashing back down to earth? francine: we will of course have plenty more on the future of bitcoin throughout the day. european banking earnings season is ramping up this week. wednesday we hear from societe generale and abn amro. friday, watch out for dutch letter ing. -- dutch lender ing. we will have plenty of earnings that we get our teeth into, looking at ratios and possible cross-border consolidation. bloomberg continues into the next hour. we will talk about the reflation trade. we are close to record highs. we keep touching record highs, so we will ask what next. tom keene joins me out of new york. this is bloomberg. ♪ francine: janet yellen says the u.s. needs big stimulus to get the economy back on track quickly. larry summers publicly disagrees. a new astrazeneca vaccine is being developed, this after early data suggests the product has limited efficacy against the south african covid variant. and ecb president

this man is a tennis coach in milton keynes and he has been running online lessons for children. ., .need a quote, you don't need — children. you don't need a quote, you don't need a _ children. you don't need a quote, you don't need a racket, - children. you don't need a quote, you don't need a racket, you i children. you don't need a quote, you don't need a racket, you can l children. you don't need a quote, i you don't need a racket, you can use frying pans can even use wooden spoons, socks scrunched up into a ball. there are lots of things you can use around the house. whilst outdoor pools _ can use around the house. whilst outdoor pools and _ can use around the house. whilst outdoor pools and tennis - can use around the house. whilst outdoor pools and tennis courts l can use around the house. whilst i outdoor pools and tennis courts can look forward to opening next months, others like indoor swimming centres and gyms will have to wait a few weeks longer. it has been a long, bleak winter, when for most of us sport has become a solitary experience. it seems a return to how things u

joe keynes or that ending his time as c.e.o. on a positive note. joe qasr was known inside siemens as a reformer under his leadership siemens was radically restructured from a global conglomerate that had gotten too bloated to be efficient to a slimmer siemens eiji was several spun off divisions siemens health in years went public in 2018 siemens energy and 2020 and despite the pandemic siemens 1st quarter results for this fiscal year were strong with income soaring by 1500000000 euros on the year so who is taking over the home of the german engineering giant that would be deputy c.e.o. roland bush who wants to signal a forward thinking stance. in coming. in the next decade the global economy will reinvent itself the backbone of our economies will be completely transformed by digitalisation industry infrastructure mobility energy and health care the pandemic has already accelerated this emotional and. shareholders now hope that the company will continue to find ways to remain profitable but just this week the siemens energy and which siemens still

. >> john maynard keynes once said the market can remain illogical longer than you and i can remain solvente question is, will bitcoin continue to shoot for the heavens or, crashing back down to earth? annmarie: a look at the future of bitcoin after the cryptocurrency jumped above $40,000 over the weekend. this morning, we traded 39,119. coming up, european bank shares gained for five straight days. it is the longest rally in more than a year. what is in store this week as earnings season continues? that is coming up next. this is bloomberg. ♪ ♪ annmarie: 6:42 in the city of london. i am annmarie hordern. alongside manus cranny in dubai. earnings season is wrapping up this week. on thursday, it is the turn of unicredit, commerzbank. on friday, we will be watching out for the dutch lender ing. next week, credit suisse and barclays. the following week sees numbers from hsbc and standard chartered. joining us now is the head of think research at city. great to have you this morning. how would you rate european bank earnings so far in absolute terms and versus u.s. peers? >> thank you for havin

in trademark quickfire form as he raced past jack lisowski taking it six frames to one in milton keynesund 10—12 celsius, so not as high as they were on wednesday when of course we got up to 18 celsius in parts of suffolk. those temperatures about ten degrees above average more like the temperatures we would see in late may or earlyjune. no, instead thursday was fresher because we had this cold front that worked across the countryjust bringing a few patches of rain across parts of eastern england, fresher air off the atlantic extending in across all parts of the uk. this chart, remember the deeper reds show you where the air has been really unusually mild. so, we were just a bit above normal with that atlantic air working its way in. the extreme heat for february really concentrated across europe and i have to say, there have been many cities across europe that has seen record—breaking february temperatures over the last few days. enough about that, on into friday's forecast. high pressure is building from the south west. we've got this weather front further north, so it's going to be a

i'm robin keyn curnow. it's been great talking to you.osemary church after the break. w smartphone deal. oh do ya? actually it's for both new and existing customers. i feel silly. but i do want the fastest 5g network. oh i want the fastest 5g network. are we actually doing this again? it's not complicated. only at&t gives everyone the same great deal. like the samsung galaxy s21 5g for free when you trade in. my audible library is just like scroll scroll scroll scroll scroll scroll, it's a lot. i downloaded audible and really, really enjoyed it. and then it kind of just became a lifestyle after that. audible allows me to find a space for myself. you just get way more than you pay for, one of those rare things in life. oh, the audible plus catalog is awesome. it's like having a streaming service, but just for audio content. there's audible originals... there's podcasts... i've used some of the meditations, it helps me relax. mythology, anthropology, a lot of the -ologies. audible recommended the right audiobooks at the right time. they pre

milton keynes she joins us now.ile on yourface. like scenes ofjubilance. but the smile on your face. like the smile on jonathan's face. on your face. like the smile on jonathan's face.— on your face. like the smile on jonathan's face. your reaction to what we've _ jonathan's face. your reaction to what we've just _ jonathan's face. your reaction to what we've just seen. _ jonathan's face. your reaction to | what we've just seen. absolutely delighted. it's the old seven mihutes_ delighted. it's the old seven minutes of terror. and you're sitting — minutes of terror. and you're sitting here and my partner comes, my hands— sitting here and my partner comes, my hands were sweating. great. we can my hands were sweating. great. we cah go— my hands were sweating. great. we cah go oh— my hands were sweating. great. we can go on into the next bit now. perseverance can check itself out, receive _ perseverance can check itself out, receive at — perseverance can check itself out, receive at least one of its cameras is working —

dominic keynes in berlin with more reaction from the e.u. . the view in berlin the view in paris as has been made very clear by angela merkel and emmanuel mccaw on friday afternoon is will they have reacted if not angrily but strongly to the expulsion of 3 diplomats e.u. diplomats one of them german from moscow on the basis of what the russian government has said was inappropriate behavior for diplomats of the german government angela merkel saying that she believed it was totally unjustified for the russian government to take the action it did and emmanuel mcconnell speaking in a digital conference with angle americal the 2 had been meeting in a digital format as part of a franco german security council mr merkel made very clear in his opinion he had condemned firmly everything that had happened in the process that mr novelli found himself in from the moment he was poisoned back in august to now where he finds himself in a prison serving a freshly imposed prison sentence and so you have to view what's the use reaction to what has happened on

elsewhere, southern trains are running a reduced service between clapham junction and milton keynes centralning. well, it's a very mild start this morning. we start the day nine, 10 celsius across the board. we have got quite a bit of cloud — it's moving in from the south—west. we've had a band of rain overnight that's cleared, there's another one fast approaching and that's blown through on quite a fresh south—westerly wind. now it will be quite slow to clear, but into the afternoon, drier with some bright sunny spells developing, the risk of a shower, and temperatures reaching a maximum of around 12 celsius. not quite as mild as yesterday — we got up to 13.9 at kew gardens yesterday afternoon. now it's dry and clear overnight, still going to be quite breezy, a bit more cloud edging in as we head through to dawn tomorrow morning. minimum temperature, again mild — between six and eight celsius. now tomorrow's a repeat performance — we'll see another front move through, bringing us a band of rain. similar conditions for thursday, as well, and as we head towards the end of the week you can se

john cavill, who is a tennis coach in milton keynes, has been running online lessons for children inight, so at least we know when we should be opening and we can plan for it and get ready. but it's still two months away, you know. it's still a long old wait. this whole year, we've been closed nine and a half months, and it will be a total of 11, over 11 months by the time we can reopen. it's been a long, bleak winter when for most of us sport has become a solitary experience. it seems a return to how things used to be is still a long way off but at least now, we can see the path. this is bbc news, i'm victoria derbyshire. these are the latest headlines in the uk and around the world. borisjohnson insists his four—step plan to ease england's lockdown is a one—way road to freedom, despite criticism from a number of businesses and some of his own mps. the uk government's strategy could see all covid restrictions fully lifted by the 21st ofjune, with parts of the economy being reopened along the way. it isn'tjust on us in government, although we will play our part, it is on everyone to

lord maynard keynes was one of the only promoters and most prominent promoters of theot fre money government stimulus only borrow money and pass it out. he said it seems to work in the short-run but in the long-term and he says well in the long term we'll we will be dead anyway. that's the callous way to look at the future of our country and not what we are doing to the underpinnings of our economy by borrowing so much money. we should keep this in perspective the debate over what's best to be done. the program that has been put out the forest ppe and the others many of them gradually shifting from being loans to grants i think gives more incentive for more corruption. we are finding people buying expensive luxury cars and lamborghinis with ppp money. some of them are being caught. more of these loans are turned into grants and have less oversight and people have less verificationon. i would argue within the parameters of the law you have to obey the law but let's not try to expand and use any authority as the administrator to confer things from having oversight such as loans to things that

lord maynard keynes was a promoter of the government to stimulus where we borrow money and pass it out. he asked that he was asked what happens in the long-term and he said in the long term we will all be dead. i think that is a callous way to look at our country and not worry about what you're doing with our economy. i think we should keep that in perspective in the debate that we have in washington over what is best to be done. the programs that have been put out for us, the ppp and others, many shifted from loans to grants, i think it gives more incentive for more corruption to happen. we have known people who have bought luxury cars with their ppp money. some of them are being caught. the more loans that are turned into grants and the perry keeshan of what is done with the money, the more corruption we will get. i would argue that within the law you have to obey the law but let's not try to expand authority to convert things from actually having oversight, such as loans, to things that have no oversight. congress is changing these parameters and we will live with that, but i fear a

john cavill, who is a tennis coach in milton keynes, has been running online lessons for children in. so lots of different stuff that you can use around the house. but while outdoor pools and tennis courts can look forward to reopening from the end of next month, others, like indoor swimming centres and gyms, will have to wait a few weeks longer. at least we have a date, right, so at least we know when we should be opening and we can plan for it and get ready. but it's still two months away, you know. it's still a long old wait. this whole year, we've been closed 9.5 months and it will be a total of 11, over 11 months by the time we can reopen. it's been a long, bleak winter where for most of us sport has become a solitary experience. it seems a return to how things used to be is still a long way off but at least now, we can see the path. there was late drama in the premier league last night as crystal palace beat brighton. it was 1—1 in the 95th minute when a cross was slung in, and cristian benteke got the winner for palace. brighton defenderjoel veltman said the defeat felt like a

we met them back in december, in milton keynes, at the very start of the vaccination programme.er? can we do | grandparents! can we get you all to l say hello to each other? can we do a hello? ,., ., ., ., , ., hello? good morning nanny and urandad! hello? good morning nanny and grandad! good _ hello? good morning nanny and grandad! good morning, - hello? good morning nanny and . grandad! good morning, gorgeous! good morning _ grandad! good morning, gorgeous! good morning gambino, _ grandad! good morning, gorgeous! good morning gambino, we - grandad! good morning, gorgeous! good morning gambino, we have i grandad! good morning, gorgeous! i good morning gambino, we have not met him _ good morning gambino, we have not met him. ., , , good morning gambino, we have not met him. .,, , i. ., ., met him. hopefully you will do one da . he met him. hopefully you will do one day- he looks _ met him. hopefully you will do one day. he looks absolutely _ met him. hopefully you will do one j day. he looks absolutely gorgeous. met him. hopefully you will do one | day. he looks absolutely gorge

as john maynard keynes, the market can remain illogical far longer than you or i can remain solvent.s, tesla sells at greater value than all 16 combined. it makes no sense. it will end in tears but for now don't fight the fed. stuart: is the underlying problem massive debt we are incurring? 27 trillion now, heading towards 30 trillion, very quickly i suspect. is that the underlying cause? >> watch what is going on in the long end of the curve. you have the long bond almost going to 2% today. it will go to 3, 4, and 5% over the course of the next several years. once it gets over 3%, suddenly debt becomes a competitor with the equities market. that is one of the fundamental reasons stock prices will go down. until you get the long bond above 3%, even that will not be problematic. i heard the argument rising debt will be detrimental to the night. i heard that for 50 years. eventually it shall be. there shall come a time when the debt of the united states is detrimental to the economy, is detrimental to consumers, is detrimental to business. it has been for 45 years i've been in the mark

more seriously, i want to associate myself with senator keynes comments on the issue of sexual harassment. i was one of those that opposed taking this out of the chain of command. i've supported multiple reforms, starting in 2013, that don't seemin to have results. so i am also in the camp of being receptive to more significant change. we have to confront this problem and a structural way i think that has some hope of some solution. i also should mention one of the changes we made was to oucriminalize retaliation. that does not seem to have been used at least not very effectively in the military justice system, and i think that's one of the more serious problems. to move on to two or three questions. one is the national defense act last year essentially abolished the role of the chief management officer. how do you see replacing that function, if not replacing the individual? we have to be sure that this enormous entity of the defense department is managed. give some thoughts on replacing the chief management officer. >> first of all i have been to maine, so i look forward to engaging in