mr. corbyn: mr.eaker i notice , that the prime minister did not give any guarantee to leaseholders on estates. there is another, larger group on most estates that i have a question, a tenant by the name of darrell, who says, "will the prime minister guarantee that all existing tenants of the council estates earmarked for redevelopment will be rehoused in new council housing, in their current communities, with the same tenancy conditions as they currently have?" mr. cameron: we are not going to be able to deal with these sink estates unless we get the agreement of tenants, unless we show how we are going to support homeowners and communities. isn't it interesting, mr. speaker? who here is the small-c conservative, who is saying to people "stay stuck in your sink , estate have nothing better , than what labour gave you after the war. we are saying, "if you are a tenant, have the right to buy; if you want to buy a home, here is help to save; if you are in a sink estate, we will help you out." that is th

mr. corbyn. leader corbyn: thank you mr. speaker. in 2011, 100 90 million pounds flooded a defense project in the leads and it was canceled and 1000 homes and businesses in leaves were flooded in recent s and the -- in leed that money was no object when it came to funding. leeds mp,mes to we'll he the full amount to go ahead and protect leeds from future flooding? prime minister cameron: let me just go ahead and go onto one point before i answer in detail, and i will cover this in full, this was the wettest december for over 100 years, and actually and in yorkshire, it was the wettest december ever on record, and that is why it rivers in yorkshire, including was at then leeds highest that has ever been in history. nothing has been canceled since 2010, the flood defenses was 1.5 million pounds in the last labour government, 1.7 million pounds in the government that i lead, and will be over 2 million pounds in this government and it its up and up and up and goes up because we run an economy because we are able to invest in the things t

mr. corbyn, mr. trump, mr.-- there is a new energy about the inequality debate. francine: i agree. coming up, we bring you an important conversation with the governor of the bank of japan. tom: good morning to all of you. we continue our coverage. this is "bloomberg surveillance ." ♪ david: welcome to "bloomberg ." we are here in the alps in dallas -- in davos, switzerland. i am david westin. stephanie: i am stephanie ruhle. our guest lineup -- we will hear from bridgewater associates' greg jensen, blackrock ceo and goldmanlarry fink, and sachs coo gary cohn. all week long we have been saying so many people are saying wait it out. do not ignore the volatility, but ride it out. i am going to say maybe the markets are starting to listen. biggestly in oil is the two-day rally we have seen since august. david: unfortunately, there is not much reason to think the markets might not go back down and back up. stephanie: you have got to say what is janet yellen thinking? janet yellen is data dependent. she has to pu

mr. speaker: jeremy corbyn. jeremy corbyn: it is nice to get such a warm welcome. [interruption] if you will allow me for one moment, can the prime minister tell the house where in his election manifesto did he put his plan to abolish maintenance grants for all students? prime minister cameron: first of all, people will recognize that there is no welcome for the thousands of people who have found work in our country. what a depressing spectacle. in our manifesto, we said that we would cut the deficit and uncap student numbers, and we have done both. jeremy corbyn: there is not such joy in port talbot and other places that have lost steel jobs. they want a government that is prepared to support their industries. the prime minister has form concerning student maintenance grants because, in the conservative manifesto, there was no mention -- are you done? mr. speaker: i gently say to the prime minister's dedicated ,arliamentary private secretary calm yourself, man. auditioning to be a statesman does not include chuntering from a sedentary position. jeremy corbyn: as i

corbyn. >> thank you, mr. speaker. [shouting] >> thank you, mr. speaker. it's nice to get such a warm welcome. [shouting] if you allow me for one moment. can the prime minister tell the house where in his election manifesto he put his plan to abolish maintenance grass for all students -- [shouting] >> first of all, people will recognize -- for the thousands who found work in our country. what a depressing state appeared in our manifesto come in our manifesto we said we would cut the deficit and we uncapped student numbers and we have done both. >> there's not such joy in other places, and they want a government prepared to support the industry. the prime minister has formed here concerning student maintenance because in the conservative manifesto there was no mention either -- [shouting] >> are you done bikes. >> order. let me very gently say to the dedicated prime minister is parliamentary prime minister -- [shouting] >> calm yourself, man. auditioning to be a statesman doesn't include -- jeremy corbyn. >> thank you, mr. speaker. as i was saying, the prim

mr. speaker, since i walked into the chamber this morning, his shadow foreign minister resigned and his shadow defense minister resigned. he could not run anything. jeremy corbyn is very strange that when i have asked a question about leeds flood defense, then on cumbria flood defense, the prime minister still seems unable to answer. can he now tell us if there is going to be funding for those schemes? in october, professor colin mellors, the head of the yorkshire regional flood and coastal committee, warned the government about funding cuts , flood defenses in yorkshire being formally discontinued in the future. would that also be a mistake? can the prime minister tell us if he is going to reverse the cuts in the defenses that have taken place to make sure that those cities and areas are protected in the next round of floods which will no doubt come? prime minister cameron: we have increased and continued to increase the spending on flood defenses. we are spending more in this parliament, and for the first time it is a six-year spending perspective, which is £2.3 billion extra on flood defenses, money that would not be available if we trashed the economy in t