nick boles: like nick, we do not have read allies and i'm not here to determine them. first of all, i want to maintain the long-term strategy we have got of industrial strategy. i would be very concerned about a very deep cuts in public spending that undermine our ability to provide skills and infrastructure. entry into european union and the referendum is potentially destabilizing. chuka umunna: i am not in a position to set out red lines. if we end up in a referendum this would be our relation with your a you can take of the uncertainty created by a scottish referendum to multiply that can to give you says all the uncertainty of business in this country and as an avenue which we go. that is why we are and what we will do is keep the u.k. as a member of the european union. we are not going to have this and are referendum which by the way the deputy prime minister has not said he will not go along with. we will keep this country in the eu if we left, it would be a disaster for bloomberg viewers and businesses and his world. anna: we will pick up on that. check out -- t

the liberal democrat shadow secretary and nick f boles.o the british community at 8:30. manus: russia is lifting a ban on a missile system to iran. the timing of the withdrawal could give russia commercial lines to iran, if economic sanctions are less. the russian foreign minister says it is voluntary. >> we are convinced that there is no longer a need for the embargo for a voluntary russian embargo. manus: let's go to hans nichols. what does this mean? more interesting is why they are doing this. it really is saber-rattling all stop that is my interpretation. >> that is the interpretation from congress and the republicans who are critical of the deal stop russia is saying in this year it of goodwill they want to stimulate progress with the talks. they are insisting it is self-imposed. the iranian missiles would not he pointed towards israel. >> it is exclusively a defensive weapon which cannot serve offensive purposes and will not jeopardize the security of any country. mark: republicans seized upon this and criticize russia. the criticis