mr. blair here on "surveillance." 10:30 u.k. time. this is bloomberg. ♪ ♪ tom: this morning, do not do a hard brexit, a former prime minister lectures prime minister may and the nation. tony blair says the u.k. must consider leaving the eu. u.s. dollar strength. markets adapt to a global inflation i will take one more question. holds a press conference for the ages. this is "bloomberg surveillance." i am tom keene in new york. guy johnson is in london. prime minister blair is speaking. an extraordinary speech. i want to go back to it now. tell us what you have observed so far from prime minister blair. guy: former prime minister. interesting.it is in some ways the polling is against them. former from to what mr. blair has to say -- former prime minister blair has to say. mr. blair: together we need strong links with the rest of europe. if our government were conducting a negotiation, we should generally seek to advance our nation's interests. that would include the possibility of britain stayin

mr. blair: well, whether he enters was mr.all and addresses element is a matter for parliament and i won't comment, but of course you will come here -- of course he will come here. look, whatever the situation is, the british-american relationship is important. i certainly am not criticizing the prime minister for reaching out to president trump. it is important to build a strong relationship. haverankly, right now, i enough on my hands without entering your political debate. >> we sit here in the city of london. how should -- how can, should the financial services sector be protected in the whole process? in the debate the last few days -- and the debate the last few days and what could happen there and the deal -- how good individual parts of the british economy be protected? should individual parts be protected? or should there be a level playing field? mr. blair: for the financial sector, huge part of our economy, we have to make sure the arrangement is satisfactory. you can move to the equivalent arrangements but that doe

it isa think he wasn't a danger, mr blair? it is a taut which has prompted a furious response.gued for the release of these men after pressure from lawyers, mps, the media and the daily mail, whom he says noted after their release they are not bad guys, they are entirely innocent. mr blair also says it wasn't him who sanctioned the payment of £1 million in compensation, that was the cameron government. and tory mps wanted them released quickly. what is going on? in part, it is simply tony blair trying to set the record straight as he sees it, but in part, too, it is personal, it is payback for years of goading of tony blair and iraq. it is also breaks it. newspapers like the daily mail have been at the ce ntre the daily mail have been at the centre of the pro—brexit campaign and mr blairjust the other day called for the remainder is to stand theirground, to make called for the remainder is to stand their ground, to make their case against the referendum and you sense he is trying to give a lead. the former deputy prime ministers said many remainders were frightened of papers li

are you to blame for this, mr blair? but mr blair has hit back.nt, "he was not paid compensation by my government. the compensation was agreed in 2010 by the conservative government. the fact is, this was always a very difficult situation where any government would have to balance proper concern for civil liberties with desire to protect our security and we were likely to be attacked whatever cause we took". it is just a matter of fact that compensation was decided by the conservative government, by kenneth clarke, the justice secretary, and not by a labour government. but according to this intelligence assessment, on wikileaks, fiddler was a suspected terrorist associated with al-qaeda and yet he was compensated. there was intelligence against these people. but the only way that the actions could have been defended is if the intelligence and the sources of intelligence had been brought out in open court. and that would have been to undermine the whole of the efforts of the intelligence and security agencies. the immediate circumstances that force

i never regarded him as innocent as neither mr blair nor i ever said he was innocent.eat as to prevent his release. just that. let me also say whenever you make decisions about the release of prisoners, you have to make a judgment and sometimes those judgments are not borne out by events. as for the current prime minister who of course was home secretary when this payment was made to jamaal al—harith, downing street flatly refusing to comment on the issue, even suggesting that formal identification of jamaal al—harith has not been possible yet. that seems slightly odd given that his brother has identified him. but downing street anyway refusing to respond to questions. senior tories however defending the fact that the compensation was paid out under david cameron on the grounds of the process had already been agreed in principle by the previous labour government is saying they had no option but to make the pay—out because otherwise they would have had to be involved in court cases which would have compromised national security. but i think as i say this has some way to

and david blu nkett people like mr blair and david blunkett and i and anyone else in those positionse only people who never make m ista kes the only people who never make mistakes are the people who never make decisions and that was i think very accurate. i don't feel that we made a mistake here but the truth is that there is no way that anybody could have guaranteed that 13 years later this man was not intent... you have said that. this interview is probably playing in the offices of the daily mail and paul dacre may be watching you right now, is it fair to suggest that you and tony blair, along with many others, were simply too afraid at the time, of the power of one particular newspaper and this is now pay that? no, it is not the case. i don't think anybody accused me of kowtowing to any newspaper at the time. i made decisions in the best possible way and i knew by that stage, after i had been in government for seven years that the papers will praise you 1—dayer danny the next and that is their privilege. they play a very important role in british public life and as it happens i h

but mr blair has hit back. he said in a statement...ided by the conservative government, by kenneth clarke, the justice secretary, not by a labour government. according to this intelligence assessment on wikileaks, fiddler was a suspected terrorist associated with al-qaeda, yet he was compensated. there was intelligence against these people yet the only way the actions could have been defended is if the intelligence and the sources of intelligence had been brought out in open court. and that would have undermined the whole of the efforts of the intelligence and security agencies. jamal al—harith travelled to pakistan in 2001. he was arrested that year in afghanistan, from there a transfer to guantanamo before repatriation and release in 200a. in 2010 he was paid compensation and in april 201a to syria via turkey, tojoin islamic state. intelligence can now be used in court without compromising sources after a change in the law, but hundreds of britons have travelled to iraq and syria as jihadists and one former minister told me that they

but mr blair has hit back.ent: it is just a matter of fact that compensation was decided by the conservative government, by kenneth clarke, the justice secretary, and not by a labour government. but according to this intelligence assessment, on wikileaks, fiddler was a suspected terrorist associated with al-qaeda and yet he was compensated. there was intelligence against these people. but the only way that the actions could have been defended is if the intelligence and the sources of intelligence had been brought out in open court. and that would have been to undermine the whole of the efforts of the intelligence and security agencies. the immediate circumstances that forced the government to give him money no longer exist, because the law of disclosure in civil claims has been tightened up. but we do need some assurance from the attorney general that this is the case and that someone like him would not receive a million or however many pounds of public money in the future. intelligence can now be used in court

but mr blair has hit back.nt he was not paid compensation by my government, the compensation was agreed in 2010 by the conservative government. the fa ct by the conservative government. the fact is that this was always a very difficult situation where any government would have to balance proper concern for civil liberties and desire to protect our security and desire to protect our security and we were likely to be attacked whatever course we took. it isjust a matter of fact that compensation was decided by the conservative government, by kenneth clarke, the justice secretary, not by a labour government. according to this intelligence assessment on wikileaks fiddler was a suspected terrorist associated with al-qaeda, yet he was compensated. there was evidence against these people yet the only way the actions could have been defended is if the intelligence and the sources of intelligence had been brought out in open court. and that would have undermined the whole of the efforts of the intelligence and security a

but mr blair has hit back. he said in a statement...pensation was decided by the conservative government, by kenneth clarke, the justice secretary, not by a labour government. according to this intelligence assessment on wikileaks, fiddler was a suspected terrorist associated with al-qaeda, yet he was compensated. there was intelligence against these people yet the only way the actions could have been defended is if the intelligence and the sources of intelligence had been brought out in open court. and that would have undermined the whole of the efforts of the intelligence and security agencies. jamal al—harith travelled to pakistan in 2001. he was arrested that year in afghanistan, from there a transfer to guantanamo before repatriation and release in 200a. in 2010 he was paid compensation and in april 2014 to syria via turkey, tojoin islamic state. intelligence can now be used in court without compromising sources after a change in the law, but hundreds of britons have travelled to iraq and syria as jihadists and one former minister

regarded him as innocent and neither mr blair nor i ever said that he was innocent.not so great as to prevent his release just that. and let me also say that whenever you're making decisions about the release of prisoners, you have to make a judgment and sometimes those judgments are not borne out by events. i should say the former home secretary, david blunkett has issued a statement defending his role. so tony blair, jack straw and david blu nkett tony blair, jack straw and david blunkett all protesting the fact that they are not to blame. i'm joined by the conservative mp tim lawton and you don't buy that there isa lawton and you don't buy that there is a lot of back covering going on here. this stinks. why on earth do we allow someone from guantanamo bay backin we allow someone from guantanamo bay back in 2004 and we were told by david blunkett the home secretary at the time that he posed no security risk and yesterday he has blown up goodness how many iraqi personnel out in iraq and up to £1 million to the good as well. that really stinks and taxpayers and my co

i never regarded him as innocent and neither mr blair nor i ever said that he was innocent.t his release just that. and let me also say that whenever you're making decisions about the release of prisoners, you have to make a judgment and sometimes those judgments are not borne out by events. simon, david blunkett, the former home secretary has released a statement. let me give you the key bits. it is a long statement. he says, "i never campaigned for the return of ronald fiddler from guantanamo bay. some reporting has been grossly inaccurate and in some cases deeply offensive. i did give a broad reassurance that such communities here in the uk were not at risk following the risk of fiddler and the others. this was not to provide necessarily reassurance ata time to provide necessarily reassurance at a time of continuing tension, but contrary to speculation those returning from guantanamo bay were under surveillance and monitored by the security services." you get the sense everyone is now the security services." you get the sense everyone is now trying to sort of line up thei

did mr blair's intervention on the brexit debate, or peter mandelson saying, that the thinks his mainoorstep, and we we re was felt on the doorstep, and we were getting these reports every day, was both support for our campaign, the hospital facing 100,000 million pounds deficit, the children centre threatened with closure by a conservative— ukip council, and a strong position saying that brexit will happen, we will leave the european union, let's see who is best for stoke. we stood up see who is best for stoke. we stood upfor see who is best for stoke. we stood up for national security in stoke. this is a city with a defence culture. jordan robertson came here and said, labour founded culture. jordan robertson came here and said, labourfounded nato. we have never needed nato more than in a dangerous and uncertain world. did your leader say that during the by—election campaign? did mr corbyn say that? it was our candidate in a very good local campaign that stood up very good local campaign that stood upfor very good local campaign that stood up for that defence culture in stoke, with

the daily mail is running a story entitled still think he wasn't a danger, mr blair?is correct that he was released from guantanamo bay at the request of the british government in 2004 and it followed a parliamentary and massive media campaign led by the daily mail, the very paper that is now supposedly so outraged at his release, and strongly supported by the then conservative opposition. the mail headline shortly after he was released, after months of their campaigning, was freed at last for guantanamo britons. they then quoted with the approved your various human rights activists that clearly they are entirely innocent and he goes onto say that he was not a paid compensation by this government and the compensation was agreed in 2010 by the conservative government when the release was announced in very measured terms in 2004, pointing out the risks which remained with guantanamo detainees, the conservative mps by strongly criticising not the release but why it has taken so long. so that is about half of the statement that it goes on in a similar vein, saying that mo

we spoke with prime mr. blairst and dislike we got out of england on what prime minister blair spent. answer is the politics of the united kingdom have not stabilized. we don't know in a couple of years if we will have a united kingdom. northern ireland is in the worst shape it has been in quite a while and scotland is waiting to see what happens. we still have an article to trigger. process. several your i can't sit here and tell you what that is going to mean for the sterling but if anyone thinks that britain process. politically and that is what they are placing their bets on, that is questionable. there was, i know, a lot of emotion and angst. but a lot of it was not because of what they were saying about brexit but also his legacy is prime minister and the war in iraq. talk to me about the 10 year yield. we heard from larry fink saying it could go between two and four. what do technical analyses tell us about the 10 year yield? >> this is a major regime change in bond yields. not just in the u.s. but around t

mr tony blair telling the country to rise up against brexit and stop it happening.d liz truss from the justice department will talk about the crisis in the prisons plus a wonderful actor. we have a labour prisons plus a wonderful actor. we havea labourmp, prisons plus a wonderful actor. we have a labour mp, and a ukip mp. a lot to talk about and some rather strange music from california at the end of the show. just a couple of your e—mail is on a story we touched on earlier about when it is appropriate, when it is not appropriate, when it is not appropriate to have physical contact between teachers and schoolchildren. we will speak to any roll it has played on who has come out and said that he believes that teachers not giving physical reassurance at appropriate times disk called children is a form of child abuse. that is a strong statement to make. many signs to say that children benefit from hugs and cuddles and we have had many e—mail is already. tracy says that children should be offered comfort. within the special school she works in they attacked are with the

mr. blairs european headquarters in london. >> the people voted without knowledge of the terms of brexit. as these terms become clear, it is their right to change their mind. themission is to dissuade -- persuade them to do so. accused theresa may's government of having a policy of brexit at any cost. north korea will categorically reject the result of the autopsy of kim jong-iun's brother. militia conducted the autopsy unilaterally and prevented the north from attending. -- malaysia conducted getups unilaterally. -- conducted the autopsy unilaterally. 88 people were killed in the attack. the demonstrators are demanding more security. pakistani police say they have arrested and killed dozens of militants. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. i'm mark crumpton. this is bloomberg. julie: coming up, we will hear from to driving forces that are winning big in sports media and tech. joe and peter join us from the nba technology su

around mr corbyn, their defence for what happened in copeland is that they say people are still unhappy with labour because of the disunity, the divisive leadership contest. they also blame tony blair'stors. significantly, already, some senior union figures like dave prentice of unison, have said that mr corbyn has to take responsibility for these by—elections. and if you'd like more information on the by—election results, there's more reaction and analysis on the bbc news website — at bbc.co.cuk/news. the former leicester and england footballer gary lineker has described the club's sacking of claudio ranieri, nine months after he led them to the premier league title, as "inexplicable, unforgivable and gut—wrenchingly sad." the italian was dismissed last night after a string of poor results that has left the side just one point — one place — above the relegation zone. 0ur sports correspondent joe wilson reports. and your manager, claudio ranieri! he was the smile, the face and the manager of the most extraordinary sporting success anyone in leicester had ever seen. well, quite possibly anyone anywhere had ever seen. and leicester sacked him. the starkness of that reality has shocked

we had john major last night, just a week ago tony blair, now the former chancellor george osborne all weighing in over mrss of ha rd over brexit. the implications of hard brexit in particular, with mr osborne are very deliberately warning mrs may not to go down the road of just warning mrs may not to go down the road ofjust walking out of the negotiation room if she does not get any sort of deal. his fear that that would mean british companies would face huge tariffs, if they wanted to export to the rest of the eu, there would also be new regulations and new administrative burdens. that would of course have a knock—on effect for trade and the economy. more than that, he also dismissed the idea that liam fox and others we re the idea that liam fox and others were arguing, that britain can make up were arguing, that britain can make upforany were arguing, that britain can make up for any loss with the eu by getting new trade deals with countries like australia and new zealand, mr osborne today said that could never make up for the loss of our trading arrangements with the eu. have a listen to what he said.

when tony blair secured a majority of 179 with just 13.5 million votes and by contrast 17.4 million voted to leave the european union. we are leaving and there will be no second referendum. mrdoubtedly face challenges ahead but don't let's get ourselves, there would have been major challenges if the united kingdom had voted to remain. and there are a 70 billion reasons why our eu partners will wa nt reasons why our eu partners will want to reach a mutually beneficial trade deal with us because they have a £70 billion trade surplus with us andl a £70 billion trade surplus with us and i hope that those countries who in large part all their liberation from the soviet yoke to the conservative government of margaret thatcher... laughter will respect our decision and help us will respect our decision and help us build a new relationship and i hope that will reply to those who we help rebuild after the second world war. and freed from the eu customs union, we will be able to embrace the world, negotiate trade deals with our commonwealth friends, encouraging fair trade deals and the tiger economies of the world. however, it will be hard graft. the us maybe our closest ally, but com