with me is margaret doyle, deloitte head of financial services research. thank you forjoining us. frightening figures, are they? they are. and that is something that philip hammond has explicitly acknowledged and pointed out. in fa ct, acknowledged and pointed out. in fact, in his spring budget, he said this is be that we need to address, and it is something that the government has already said, that they will put aside a £23 billion fund designed to help boost productivity in the long—term. fund designed to help boost productivity in the long-term. that is key, the long—term. this does not happen overnight or even in a year 01’ happen overnight or even in a year or two. this is big infrastructure stuff. yes. it takes investment is now, and could take years to come through. years ago, germany was considered the sick man of europe. but they implement and these have helped to make their labour market more flexible and help to boost their productivity. economists would say that this dates back to the 19505 say that this dates back to the 1950s and 60s, and some would say that it date

i shall be talking about that with the head of financial services research at deloitte, margaret doyle business briefing. a warm welcome to the programme, briefing you on all you need to know in global news, business and sport. and you can be part of the conversation — as uber owns up to a hacking cover—up, do you still trust online companies with your personal information? tell us what you think — just use the hashtag #bbcthebriefing. zimbabweans have begun a new era in their history. there have been euphoric scenes through the night to mark the departure of president robert mugabe, and attention is now turning to his successor. the vice—president, emmerson mnangagwa, is expected to return to zimbabwe shortly to be sworn in as president on wednesday or thursday. anne soy reports from harare. zimbabweans from across the political divide united in celebration. it has been a long time coming. the end of the near many will rememberfor coming. the end of the near many will remember for its repression and brutality. the man most of these people only avenue as president leaves, disgraced. th

the financial journalist margaret doyle is here to tell us what's caught her eye. good morning.at the moment, but we will take a break from that, and what is your first story? this is about the cost of brexit, potentially £930 a year on shopping bills. let's be careful how we talk about this. this is not in the event ofa about this. this is not in the event of a deal, this is the cost if the uk cannot reach a deal with the eu, and death that is the case we then will expect to fall back on the world trade organisation's schedule of tariffs. 0verall, you will hear a lot of economists say, no need to worry, overall, the tariffs are not very high, but of course they vary, and on food they are very high. if we don't get the deal. 45% on david rogers, 37% on meat, and of course the problem is it is the —— 45% on dairy products and 37% on meat. and of course it is the poorest who will be worst affected by this. having had almost a decade of stagnant real incomes, it will be quite a blow. really a warning from the resolution foundation which does terrific work on income distribution and

the financial journalist margaret doyle is here to tell us what's caught her eye.ley brewer, we know she is the journalist who made the allegations that eventually brought down certain michael fallon. knee gate. yes, but one of the things she says, she talks about westminster and says, sure, there are sexual liaison between mps and staff, drunken nights in the bars and at party conferences, but none of that is any different to any other offices outside of sw1, which is the westminster postcode. and i'm thinking, norma, that is not what it is like in other offices around the country. i have worked in the city for a long time and it has had a bad reputation. —— i'm thinking, ball—mac. but things have changed substantially in the city in the two decades i have worked there. —— i'm thinking, no. this idiot cleaned up its act, and for a professionalfirm like ours, it is not the culture we have not what we want —— the city has cleaned up what we want —— the city has cleaned up its act. these things are just not tolerated. but we would go beyond that and say it is not eno