the headlines at 4.33pm: the chancellor philip hammond has called for a smooth brexit to avoid a "cliff mr hammond also said that immigration would be "managed but not shut down". barclays bank and four of its former top executives have been charged with fraud in connection with a deal to raise investment from qatar at the height of the financial crisis in 2008. gerard coyne, who stood against len mccluskey to be leader of unite, has been sacked by the union. he says he is "deeply disappointed, but not surprised" at his dismissal. a review into the murder of toddler liam fee, has said there were "missed opportunities" which could potentially have prevented his abuse. he was murdered by his mother and her partner in fife in 2014. the family of the man alleged to have carried out the finsbury park mosque attack say they are "devastated" and "massively shocked." 47—year—old darren 0sborne was restrained and arrested at the scene. for the fourth consecutive day the temperature has risen to over 30 celsius in some parts of the uk. the met office issued a health warning for those most vulnera

the consensus having one —— philip hammond.ing out of the conservative body is that we should have won. the very fact this has spilled out into the public is not good. what it says to the rest of the world is that we are, you know, a country who is basically riven by splits and divisions. we are essentially facing a period of chaos and division. also what's really interesting is i think that philip hammond today mocked boris johnson over this famous boris johnson quote, i want to have my cake and eat it. when you are getting into this sort of area of satire, i think it's slightly problematic. what's interesting is philip hammond's very involved in post—election. everyone said he was going to get sacked. theresa may's aides were reefing that he was going to get sacked, ironically he is now in quite a strong position —— were briefing. the i continues the story, cabinet chaos on brexit. we might be able to bring up the front of the i to show that. the whole point of the election was to nullify this. it was to clear the decks and t

the chancellor, philip hammond, has put britain's future economic prosperity centre stage in any brexiteal. in particular, mr hammond called for a "jobs first" settlement. he also wants immigration to be managed, but not shut down altogether. labour says the chancellor is distancing himself from the prime minister's tough line on brexit, accusing the cabinet of being in disarray over the issue. the chancellor's comments come on a day when the governor of the bank of england has warned of the risks of the brexit negotiations. here's our economics editor kamal ahmed. a year on from the referendum, and cars waiting in sunny southampton for a journey to the continent of europe. exports to the european union like these are a key driver of our economy, an economy that the chancellor said would now be at the heart of those complicated brexit negotiations. speaking at the mansion house in central london, philip hammond said without a flexible deal with the eu, the economy could be at risk. when the british people voted last june, they did not vote to become poorer or less secure. they did vote

the chancellor philip hammond has put britain's future economic prosperity centre stage in any brexitular mr hammond called for a "jobs first" settlement. he also wants immigration to be managed but not shut down altogether. labour says the chancellor is distancing himself from the prime minister's tough line on brexit, accusing the cabinet of being in disarray over the issue. the chancellor's comments come on a day when the governor of the bank of england has warned of the risks of the brexit negotiations. here's our economics editor kamal ahmed. a year ayearon a year on from the referendum and ca i’s a year on from the referendum and cars waiting in sunny southampton for a journey to the continent of europe, exports to the european union like these are a key driver of oui’ union like these are a key driver of our economy, an economy that the chancellor said would now be at the heart of those complicated brexit negotiations. speaking at the mansion house in central london philip hammond said without a flexible deal with the eu the economy could be at risk. when the british people vot

the chancellor, philip hammond, has told the andrew marr programme that he supports a public inquiry.hat i'm hearing from the leading fire safety experts is that it isn't necessarily necessary to retro fit sprinklers to make a building fire safe. i don't want to call that judgment, because i'm not an expert, but i do think we need to look through the public enquiry at all the evidence. church services take place across the country — to remember those affected by the blaze. the queen's speech to parliament next year is to be cancelled, to allow mps more time to scrutinise brexit legislation. at least 43 people are killed in a forest fire in central portugal — —— 57, which continues to spread. claims of growing inequality across britain — a new report says the gap between rich and poor is getting wider. and on dateline londonjane hill discusses the fallout from the general election, and the ongoing political turmoil heightened by the grenfell tower tragedy. good morning and welcome to bbc news. government staff have been drafted in to improve the response to the grenfell tower disaster

. —— that philip hammond was saying.with this notion of this, croke likes of it, and the idea that the manifesto would have more brushstrokes than being locked philip hammond has not been that visible, has he? he has been the opposite of visible! i think labour will say, if you are not going to raise taxes on the higher levels, will it be on the middle income earners? that could be the labour attack. may reaches out to business as brexit tensions escalate, in the ft. as brexit tensions escalate, in the ft, this was supposed to be the brexit election, i wonder if there will be more focus on this week, the suggestion that they confer with business to find out what is required after we leave the eu. she raises the possibility of a three—year transitional phase, which is the first time she has gone that far, looking at 2019 when we leave, it could be another two or three years before we finally removed completely from the european union. this was supposed to be the brexit general election, that is how it was framed by the pr

the chancellor philip hammond there. the chancellor philip hammond there. other major issue is brexit, of course. talks are starting tomorrow. yes, those talks tomorrow, everyone wa nts to yes, those talks tomorrow, everyone wants to know what direction the governorate will be taking it in. in terms of what philip hammond has talked about, he has made it clear that he thinks no deer would be very, very bad for britain, but worse than that would be a deal would damage britain in the which would damage britain in the long—term. so, he is very much focused upon trying to get some kind of deal that means we have a slow, rather than a cliff edge, meaning some interim dealfor britain. we have heard from the shadow brexit secretary today on the andrew marr show. with labour you get inflicting views, really, on whether or not they think the single market should be in or out. labour's official position is that we are out of the single market, but keir starmer was talking about access, so a lot of people are wondering about whether that means they want us out of the

philip hammond, i think, issues around brexit.p hammond, ithink, supported by germany and france, once the economy, jobs, business at the centre of the negotiations, which some describe us as going towards a softer brexit. mist hammond, in britain, does want a more porous relationship with the single market, the possibility at least of some form of membership of the customs union, although that is very complicated, and today he has sent a big signal to businesses in the uk that the government will stand behind the european investment bank's investments in britain. some people thought it was at risk because of our departure from the eu. the eib does fund projects outside of the eu, but 90% of the funding is for member states, and there is a fear that the funding could dry up in britain. so presumably business leaders welcome this news, some breathing a sigh of relief, in fact! it is a small step, but a change of tone. business as largely felt to have been locked out of any approach to brexit in the uk. i think now they hope there w

philip hammond is taking a slightly different position on no deal than theresa may?, we have heard theresa may say so many times have no deal would be better than a bad deal. here we have philip hammond, the chancellor saying no deal would be a very, very bad outcome for britain and he talks about how he wants a transitional structure which means we have a slope rather than the cliff edge people have spoken about. this is contrary to what other members of the cabinet think. philip hammond has been critical also of the government's approach and the conservatives' campaign in the general election and his role which he felt was not as it should have been. it's true that my role in the election campaign was not the one i would have liked it to be. i did a lot of travelling around the country... why was that, do you think? i met lots of very interesting people and i heard lots of interesting stories. look, i would have liked to have made much more of our economic record, which i think is an excellent one, creating 2.9 million newjobs, getting the deficit down by three qua

philip hammond will make the case for a new path for brexit focusing on protecting jobs and in his firstthe since the election. anna: hammond will use his mansion house address to push for so-called pragmatic exit. joining us now on set, dan hansen. .till with us let's start with you. we have a couple of things on england,r, the bank of no change there but also this address by hammond. this is going to be quite crucial although iamb confuse because we have been talking about soft and hard brexit and now we are talking about a pragmatic brexit. the definitions of soft and hard brexit, i lose myself with it all. the way we look at this is the soft brexit takes into account things that the single market and customs union. what hammond will lay out probably still discounts the possibility of the single market. staying in the single market means you have to have freedom of movement of labor. customs union, it is possible that he still keeps that on the table. what i think is more likely is that he puts forward the idea that the u.k. can push for a transition deal, after -- with the new deal, wh

now the chancellor, philip hammond, says that no deal would be a very bad outcome. transitional structure, a slope rather than a cliff edge as we have heard a lot about. philip hammond is someone who had the election gone the other way, he might not still be the chancellor of the exchequer. but he is still in the cabinet, and effectively become somewhat emboldened, during that election campaign, we did not see much of philip hammond on the campaign trail. today we have discovered he was not happy about being sidelined and he felt that actually, if the election campaign had focused more on the economy and the positives around the economy, perhaps the conservatives would have had a better result. the labour party, keir starmer, have been talking about these brexit negotiations that will start tomorrow. he says that theresa may has got the country into a complete mess and those negotiations will be starting on the back foot. studio: portugal has declared three days of mourning as the emergency services battle to contain a forest fire which has killed more than 60 peopl

the chancellor, philip hammond, has told an audience of business leaders that the government wants to manage migration after brexit, but not shut it down. i am confident we can do a brexit deal that puts jobs and prosperity first. that reassures employers that they will still be able to access the talent that they need. jerod coyne, who stood against len mccluskey, says he has been sacked by the union. barclays bank and four of its former senior executives have been charged with fraud arising from the financial crisis in 2008. a review into the murder of a toddler in fife has said there were "missed opportunities" which could potentially have prevented the abuse he suffered. the family of a man arrested after a terror attack near a london mosque say they are "shocked" and "devastated". in the next hour staying out for the summer. it could be the hottest heatwave in june for twenty years. but as the temperature soars, a health warning is issued to those struggling to stay cool. and andy murray begins his campaign to defend his title at queen's. he says another successful week there wil

today it is philip hammond setting out his message.ure business that they will be no cliff edge brexit. we are still headed for ha rd edge brexit. we are still headed for hard except, leaving the customs union and the single market. he will try and reassure business that he will do his best to ensure that won't happen on march 29 2019. there will be a transitional period where he hopes things will carry on like they are now. how do you think he will try to make that happen or guarantee that, given the fact that even yesterday, david davis has given ground already? david davis has given ground. david davis said the row over summer has given ground. david davis said the row over summer will be a round sequencing whether we will start talking about trade at the same time as we started talking about the subjects that the eu wants to talk about, our expert bill and what happens to eu citizens here and britons in europe. it wasn't a row at all. we in the uk have simply accepted the eu's terms on this but that means we have to sort out all th

" for britain. -- the chancellor, philip hammond, has said leaving the eu without a deal would be a "ry, very bad outcome" for britain. at least 62 people are killed in a forest fire in central portugal. three days of mourning have been declared. and french people are voting in the final round of parliamentary elections, with president macron‘s new party heading for a big majority. good afternoon and welcome to bbc news. the leader of kensington and chelsea council has told the bbc his officials are working round the clock following the grenfell tower fire. there's been criticism of the local authority which has been accused that it isn't doing enough to help those affected. many residents have said they've received little or no assistance, although the authority has insisted it's committed to supporting anyone affected. church services have been held today to remember the victims of the blaze, as simon jones reports. voiceover: after the shock and the grief, today, a moment of reflection, church services to mark those lives lost and the many missing presumed dead, but the anger remai

the chancellor of the exchequer, philip hammond, has just the chancellor of the exchequer, philip hammondouse. you're watching business live. our top story, barclays bank and four individuals including its former chief executive, john varley, have been charged with conspiracy to commit fraud. the charges relate to the bank's emergency fundraising during the financial crisis in 2008 and agreements between barclays and qatari investors. ba rclays shares down barclays shares down a touch on the news. all eyes are on the uk's finance minister today as he outlines his vision of britain after brexit. the chancellor of the exchequer, philip hammond has been delivering his famous mansion house speech in london — one of the biggest set—piece events of britain's economic calendar. mr hammond is hoping to calm fears of an abrupt shift in relations between the eu and uk. he acknowledges the uk will leave the single market and customs union, but insists it should reach a deal that allows british goods to flow without tariffs, delays and bureaucracy. and he stresses it would be "a very, very bad outcom

philip hammond understood austerity was a problem for british voters i issed john m easked john macdd whether he trusted anything philip hammond had to say. >> the prime issue is about the protection of jobs and our economy. i don't believe a word philip hammond says because six weeks ago he was willing to walk away from negotiations and put the uk as a tax haven off the shores of continental europe his position changes everybody week clearly philip hammond along with boris johnson and david davis who are out on maneuver fofrs tmaneuvers for the leadership bid either philip hammond is making a bid for leadership or trying to be the kingmaker. they're in disarray. >>> so it's not just about the difficult relationships between the various parties here in the uk, it's about difficult relationships within certain parties and specifically the conservative party. if theresa may seems to put the speech forward with a number of issues that have taken the manifesto off the table, encouraging economic growth protecting consumers, clamping down on domestic violence, these issues have cross-party

the chancellor philip hammond has said that no deal would be a bad brexit result for britain. do to bring tomorrow, here is our political correspondent. it was a coup key reason for calling the election. every voter conservatives will make me stronger when i negotiate brexit would be prime minister '5 president and chancellors of the european union. 0n the campaign trail are repeated promise... strengthen my hand in those breakfast with negotiations... brexit negotiations. the prime minister faces pressure from all sides that. today he up the stakes on the need to get a new deal for the eu from britain. no deal would be very very bad. but there is a worse outcome. that is a deal that would be designed to punish us, to suck the life out of economy. he said the eu customs union and single market would be left. there have to bea market would be left. there have to be a transition to keep finances flowing. he even attacked the tory election campaign for not making more of it. we hit we did not talk about the economy as much as they should have done. whatever the reason, this is th

we have heard from philip hammond.king about a brexit deal that puts jobs talking about a brexit deal that putsjobs and talking about a brexit deal that puts jobs and prosperity purse. does that sound microsoft brexit than the government was initially going to pursue? hard and soft brexit are useful terms for journalists but pursue? hard and soft brexit are useful terms forjournalists but not for businesses. they are interested in the practical implications. they need to know about permanent residency for their staff. what will the transitional arrangements be? what will they looked like? how quickly will they be agreed? what does that final free trade deal look like for us. hard, soft, people have got different ideas but that's really all about maximum level of access. we are leaving the eu and things will change. in terms of those transitional agreements, what will help your members? our member vsv will help your members? our member ‘s‘ ideal situation is to stay in the customs union and the free, single market. it l

chancellor philip hammond. after tim farron resigned last week. let's speak now to norman smith, in westminster. in the sunshine, norman. vince cable has been the acting leader, the deputy leader. do you think he is set to become the leader formally?” the leader formally? i think he has a very good chance. not least because he brings to the job a lot of experience. that is his pitch. he said he is the leader to help the party through chronically uncertain times. meaning in particular brexit. he is also pointing to the fact the party failed to make much progress in the general election at a time when many thought it might benefit from a backlash among remain voters. did not really happen. i suppose he is the experienced safety candidate and more than that, he is a name known to the public. he has a profile. he would get a hearing and have a presence in the political debate. the weaknesses he faces are to some extent the fact that he was pa rt to some extent the fact that he was part of the coalition. for a lot o

philip hammond is supposed to push for a so-called pragmatic brexit. guy: i think slow brexit. xit kind of works. matt: it will be interesting to see if hammond talks at all about the austerity you and charlie were discussing. the question was austerity, in the most basic sense, it is not spending as much money. if they start to spend more, it will be very fascinating. guy: to be honest, we have not seen that much austerity. have we seen austerity in the u.k.? >> not to the extent people think there has been. there have been cut, but in terms of the actual amount of government spending, it has been actually relatively generous, compared to a country like germany. guy: if the conservatives cut 20,000 police officers since 2010, that is the kind of austerity baguettes people up in arms. -- kind of austerity peopl are up in ts people arms. money,ants to spend more the politically more intelligent thing to do would be to hire more police officers. needed or not, it is a good picture. rid of the ones they have already got. i think that there has been a very clear acceptance from the

philip hammond.y from philip hammond. of course, we completely understand why he cancelled it. he is thought to favour a softer, if you like, soft and hard, not useful but we understand what they mean, he favours a more conciliatory approach to europe, a more collaborative approach, and possibly looking at things like reopening questions, is there a way we can stay in the customs union? that will be interesting because the northern ireland party, that border would cause a lot of friction going to and from macro if you had to open every vaniteuk customs checks. that would bea vaniteuk customs checks. that would be a big problem. we are trying to figure out what kind of approach we are going to get from this government. negotiations start on monday. it is not a brilliant position to start from. we don't know what our starting position is and what our objectives are. the clock is ticking to that is the thing. you trigger article 50, then call an election which you think you're going to win, and is a bit

philip hammond said he wasn't clear on whether sprinklers would have made a difference.sion of a proper technical evaluation is that that is the best way to deal with a problem, then, of course. my understanding, andrew, though i am not an expert, is that the best expert advice is that retro—fitting sprinklers may not always be the best technical way of ensuring fire safety ina building. if it is, it should be done. let's get the technical advice properly evaluated by a public enquiry, and then let's decide how to go forward. but let's be clear, if something needs to be done to make a building safe, it will be done. we also heard from jeremy corbyn about this. he was making the point that he thought the council demonstrated it didn't have the resources needed to deal with this kind of issue, this is kensington and chelsea borough council, and he could understand why it wasn't the case. he thought that something had gone badly wrong in britain to have this situation. he has mentioned the idea of requisitioning properties. he said he didn't think it was controversial. ther

we had mark carney‘s speech, philip hammond —— philip hammond outlying in —— outlining it will be a toughre is political turmoil, meaning they cannot push through changes they think are right the economy, what does it mean? this is the real crisis we face. politics and confidence somewhat determine markets. at the moment, we have an absolute political failure but we also as a result of that have declining business confidence and coi'isuitiei’ declining business confidence and consumer confidence. the sterling is making consumers have to dig deeper. business is losing faith. that becomes a nasty vicious reverse cycle and we are stuck in that until we see something change at the other side of the equation which is politics and it's very difficult to see who is going to replace theresa may and give us some strong and sta ble may and give us some strong and stable government. watch this space. i don't think the british people have the stomach for another election. we may have to get used to it. the financial times, berkeley 's executives accused of cash call fraud. this is interesting because

philip hammond is a bit emboldened. politics is so interesting like that.areer looked on the rocks after the disastrous budget, he was supposed to be sacked. and suddenly she comes away from this election result... he said, hank on a second, you are basically asking me to support you as prime minister word you about to sack me? haven't you spent the last aids spending time briefing against me? that conversation must be wonderful. and now, she has —— he has the powerand he gets to but his demands to her. i will support you but this is what i want. he is telling the prime minister you change the way you do brexit, you put the economy centre stage. she hasn't got nick, she hasn't got the owner, she hasn't got the three people left in the world that she trust. she does have gavin ba rwell, that she trust. she does have gavin barwell, people say he is very attic and well liked. you can lose your job as an mp one day and double your salary the next. finally, away from this, it is a week ago since the london bridge attack happened. it feels like longer because of

philip hammond, he was not particularly involved in the campaign but we now find that was not the roleto get involved, talk about the positives of the economy and he felt that if the economy had been the focus then perhaps the result of the election would have been different. we would never know but those brexit negotiations tomorrow, keir starmer talking about how theresa may has put the country ina mess how theresa may has put the country in a mess and so we go into those negotiations on the back foot. a fall in the number of people who own their own home is fuelling inequality in britain, according to a new report. research from the resolution foundation think—tank suggests that 10% of adults own around half of the nation's wealth. our business correspondent, joe lynam, has more. the awful fire at grenfell tower has highlighted for many the issue of inequality in britain. dozens dead in the wealthiest borough in the uk. now an independent think tank has said inequality has worsened since the great recession because fewer people own their own homes. the resolution foundation says pro

is philip hammond the architect of all this? the architect of the row? no, no. hammond the architect of all this? the architect of the row? no, nom all the indications through the day are that the government is going to get rid of this, and then all of a sudden they are not... what philip hammond is not prepared to put up with any more is a prime minister who thinks she can make announcements about his area. it shows how powerful the chancellor is now, and how little coordination and trust there is between the people who run the country. . i cannot envisage the tories are sticking with this. it looks as though he wants to be the one to announce this. it looks he wasn't allowed to do that much. after the election, he walked into number 10 and said, i thought you were going to sack me. it was that kind of confrontation. they have to try and stop this squabbling, because they will be out of power if this carries on. the telegraph continues this. tory chaos after public paid double u—turn. this is what you were alluding to earlier when you had ministers earlier when

do you really believe that philip hammond, who clearly has got an animosity, we can say, towards theresaoming in for two years, go through the hard yards of brexit negotiations alongside david davis and say, right, i've now steered this country through these choppy waters, and i'm going to give it all away? waters, and i'm going to give it all . waters, and i'm going to give it all away? i've gone past the idea of those two working together on anything frankly. i can't imagine that in any scenario. imagine them job sharing as prime minister? i'm going to look, just for balance, of course, back at the observer, and jeremy corbyn — i don't know if i can find my copy of it. jeremy corbyn with microphone. he tells glastonbury, build bridges, not walls. there he was, martin, on the main pyramid stage. it is truly remarkable that this fellow, who, for much of his political existence was a voice in the wilderness — he was a voice in the wilderness — he was a voice in the wilderness — he was a prophet without honour in any land, let alone his own. and now he isa land, let alone his own. and now

, philip hammond, ourfinance minister, is set to make a case for a new path of brexit when he speakss later today. lots to watch out for. the liberal democrats face a new leadership race after tim farron announced he was standing down. mr farron said he could not reconcile his christian faith with leading a ‘progressive, liberal‘ party. our political correspondent vicky young reports. he's been leader of the liberal democrats for just two years. surrounded by colleagues, tim farron announced he was stepping down because of the folk is there had been on his christian faith. i found myself torn between living as a faithful christian and serving as a political leader. do you think it's 0k to political leader. do you think it's ok to be gay? political leader. do you think it's 0k to be gay? he said he felt guilty that questions about his religious views on gay sex and abortion had been a distraction during the general election campaign. do you think gay sex is ok? look, i'm not going to give you an answer to that question. i'll tell you why. that's because one's personal faith question.

we do but philip hammond. -- we have got philip hammond, and we have got mark carney. what they say matters, too. anna: david allen, jeffries international chief economist. matt: let me give some of your highlights. at 1:00 p.m., the european union general affairs committee needs to discuss brexit and the relocation of two eu agencies currently based in the u.k. dallas red president -- dallas fed president kaplan executive clock p.m. and then msci is due to announce whether chinese and argentinian stocks will be added to the emerging markets guage. plus, some others. so, if you have made that that, you will want to stay up until at least 9:30 to the if that paid off. anna: coming up, as the brexit talks are kicked off, we will speak to john bruton. that interview is next. this is bloomberg. ♪ matt: it is 1:17 in hong kong. usual, barely see it, as but it is definitely there. it is 6:18 in london. let's get to the bloomberg business flash right now with juliette saly. reporter: yes, thank you. the billionaire li ka shing plans to retire by next year as chairman of his f

chancellor of the exchequer philip hammond will make the case for a new path to brexit.ccording to a treasury official he will give his annual mansion house to the city of london to push for a so-called pragmatic brexit. it will focus on jobs and economic growth. coming after the disastrous general election result. global news 24 hours a day, powered by more than 2600 journalists and analysts in more than 120 countries. this is bloomberg. guy and matt. guy: thank you. 24 minutes until the european market open. janet yellen pressed ahead with plans to normalize monetary policy. the ongoing strength of the liver market will prevail over the recent weakness of inflation. the bullish curve is going to work. she spoke following the decision. >> with employment near its maximum sustainable level and the labor market strengthening, the committee expects inflation to move up and stabilize around 2% in the next couple of years. in line with our longer run objective. nonetheless, in light of this softer recent inflation reading, the committee is monitoring inflation developments c

i understand philip hammond has said the colleagues if there is a fiscal announcement, that is myjob.4.1 billion commitments to increase public sector pay in line with inflation, that would need a funding stream. these three cabinet ministers do not have a history of freelancing and i understand they are saying to the chancellor, we thought we were echoing your comments when you said a couple of weeks ago you were not deaf to concerns about austerity. that is one argument. where does this leave the government, or more specifically, we are at the beginning of this parliament, where does it leave theresa may and her government? as you said, we have had senior ministers at odds on two consecutive days, and two defining issues of this government, fiscal policy and brexit. the diplomatic way to look at this is, as one westminster figure said, this is reflective of a government finding its way. but can a wounded prime minister assert her authority over cabinet, or will she be buffeted around as her weakness means traditional cabinet squabbles play out in the open? downing street hopes its l

philip hammond has called for a brexit deal that puts jobs has called for a brexit deal that putsjobsas called for a brexit deal that puts jobs and prosperity first, saying the government was looking to manage migration, not shut it down. giving his delayed mansion house speech in london, he said the current border should be kept for what he said was a period of implementation. the governor of the bank of england said the time is not right for interest rate rises, as growth is falling and the impact of brexit on the economy is not clear. andrew verity reports. the chancellor's brexit agenda was supposed to be delivered over a banquet in mansion house last week but was cancelled after the grenfell tower tragedy. today he turned up at the same venue for a glass of water, no bowtie and not a single mention of austerity. only sober warnings about what brexit should and should not mean. when the british people voted, they did not vote to become poorer or less secure. voted, they did not vote to become poorer or less secure. they didn't vote to leave the eu and we will leave it. but it —— t

the chancellor philip hammond says he is fully committed to the inquiry. the commitment the government should make andi the commitment the government should make and i will make it now is that when the enquiry produces its findings, andi when the enquiry produces its findings, and i do not mean in yea rs‘ findings, and i do not mean in years‘ time because we will ask them to produce interim findings, when the enquiry produces findings, we will act on them. church services take place across the country to remember those affected by the blaze. the queen‘s speech to parliament next year is to be cancelled to allow mps more time to scrutinise brexit legislation. at least 62 people are killed in a forest fire in central portugal — officials says the death toll could rise. claims of growing inequality across britain — a new report says the gap between rich and poor is getting wider. good afternoon and welcome to bbc news. the government says it is drafting in a team of civil servants to help improve the official response to the grenfell tower fire, amid mounting

john, thoughts first of all on this contribution by philip hammond and what it signifies?f new—found and in some ways unexpected authority. philip hammond did not contradict the government line but he did take on the hardline view of some brexiteers in the party and the cabinet. he set out his own vision for, for example, a transition period on the way to brexit, long enough to satisfy business that has been shielded from the impact. that included long enough to deal with migration numbers. so no rush to cut migration onto british workers have the skills necessary to fill the jobs that bring in migrant workers. we have seen bring in migrant workers. we have seen how phil hammond, a man who might have been sacked had theresa may got the result she hoped for, instead he is a powerful player. as for brexit, the outcome of that story, nobody can really say. here we are on the eve of the queens speech were the government is god is set out its latest is the plans, what should people look out for a?l government programme which will be shorn of anything likely to lead to on timely

big beasts are staying put, amber rudd at the home office, boris johnson at the foreign office, philip hammondthe treasury and michael fallon as defence secretary and david davis as brexit secretary. not a huge amount of movement, certainly in the upper echelons, but today we have seen a subtle around. we are waiting five —— as shuffle around. we are waiting for more news. sajid javid, communities secretary, has gone in, we haven't heard what he's got. justin greening the education secretary has gone into. they have all gone in and have come out yet. ten cabinet ministers trooping out downing street and an interesting reshuffle of the pack. thanks for now and we will be back to you very soon. let's take a look at weather prospects. we'll start with the latest satellite sequence which shows it was a lovely day. we have sunshine, heavy rain in northern ireland and western scotland. it will stay wet in western scotland in the early hours and further showers another man, scattered showers for western england and well. try further east and across major towns and cities have 13 degrees, low in rural

philip hammond will push for a pragmatic brexit.eal that focuses on economic growth and protection jobs. that reflects theresa may's -- ure to it gives them the power to monitor and arrest people in the planning stages of crime. the measure is needed to increase counterterror protection before the 2020 tokyo olympics. expensive and most aircraft carrier in the u.s. navy fleet has problems. the u.s. gerald ford -- the uss gerald ford has problems launching jets from its deck and catching them. has been fixed, but the launch of system cannot handle jets with extra fuel tanks. i am taylor riggs. this is bloomberg. to get up a good time to speed on a set of currency pairs. and is a good time to speak to jane foley. she joins us. there has been an grind to the mexican peso. the trump election, up we go. .eaker peso .hat a reversal three standard deviation move on stronger peso. that is huge. is it just about the president? is a spectacular move over the last few months. niceweek there has been points for mexico, specifically. this is par

philip hammond is a one of those pressing for a moderate reproach. be a very very bad outcome for britain. but there is a possibly work outcome and there's a deal that is deliberately structured to punish us, to suck the lifeblood out of our economy. he said that the uk would leave the single project —— market and customs union but there has to bea and customs union but there has to be a transitional arrangements to keep the finances flowing. he even attacked the financial tory election campaign about the economy —— for not talking enough about the economy. whatever the reason this is the result. anger from some, but lacking enough mps on their own and the tories have tainted the dup party of northern ireland for support. there it take on brexit will have to be considered too. theresa may is facing tough battles here, there are a whole raft of laws associated with brexit the need to be passed, parliament has been extended to two years to give them more time but without the views of political opponents, they will need a lot of help. labour is its poli

the speeches we will get will be from philip hammond talking about the state of the economy. brexit and whether he will be talking about austerity as well given the pressures on the economy and on public services, whether they may look to ease some of the austerity we have seen over the last few years, and also the governor of the bank of england, mark carney. he has spent a lot of time in their keeping an eye on the economy deciding the policy for the uk. —— there. we will hear his thoughts on interest rates and inflation and the yea rs interest rates and inflation and the years ahead. i will be here talking about what we can expect through the morning. thank you. it looks like gorgeous morning. it looks great everywhere! i know! scientists have begun human trials of a cholesterol—lowering vaccine to help prevent heart disease. the injection is designed to stop fatty deposits from clogging the arteries. it would offer patients an alternative to taking daily pills to cut their risk of stroke, angina and heart attacks. we will be talking to someone from the british heart found

we'll have the latest on what philip hammond had to say on brexit on the eve of the queen's speech, as new questions emerge about the stability of theresa may's government. the dup says that talks with the conservatives on supporting theresa may's government are not proceeding as planned, and they warn against being taken for granted. police continue to question a 47—year—old man after a terror attack near a london mosque. his family say they're shocked and devastated. barclays and four former executives have been charged with fraud in connection with actions in the financial crisis in 2008. experts say it could be the hottest heatwave in june for 20 years. but as the temperature soars, a health warning is issued to those struggling to stay cool. and manchester united boss jose mourinho is accused of tax fraud by spanish prosecutors, during his time at real madrid. it's five o'clock. our main story is that the chancellor, phillip hammond, has set out his own defined goals for a brexit deal, calling for an outcome which puts jobs and prosperity first. he also said that migration needed

the present chancellor philip hammond says he wa nts chancellor philip hammond says he wants more of that rather than the triple tax lock the conservatives made in 2015, when they said they would not raise vat, national insurance or income tax rates. they honoured that, and it caused johnson a problem in the budget this year when he hoped to put charges up and was unable to do so. that is the picture in dewsbury, west yorkshire, where the prime minister has been campaigning. we hope to hearfrom labour leaderjeremy corbyn later this morning who is out campaigning. now on bbc news, it is time for the travel show. this week on the travel show... i'm in a city that spans two continents and 3000 years of history. wow! cold water! also on this week's travel show... we're shaking things up in singapore. we're at a bar in london where the stereo costs more than a house. if you like music, it will blow your mind. and our global guru tackles the choice of rail, road or plane. take the train! istanbul really is a city like no other. built on the banks of the mighty bosporus strait, it was found

that is perhaps a sign of her weakness, a thought that perhaps philip hammond might leave.erial reshuffling that happens over the next couple of days because she lost eight ministers, there are places to fail. on the whole, this is a continuation of government that we had before. we note that the pollsters out there are having their own inquests into how they were so out of kilter with what the result actually was, but the parties themselves have their own pollsters. they must been shocked. were blindsided the rest of us. shocked. were blindsided the rest of us. labour's private polling was saying this could be an 83 style catastrophe. the tories were thinking they would look at and hefty increase. i sent last week with theresa may stirring around key constituencies, this week, all labour held. i was rally in bradford south that the tories haven't won in 100 years. one of those seas that the tories thought would just fall to them as they turned yorkshire, the midlands, bits of wales blue. that was their expectation and going around on that bus and on the plane, there was no

philip hammond says we are leaving the eu.r of the single market and to remain a member of the customs union all it with us being outside of the european union. to put it in context for your viewers, turkey is part of the customs union, but not part of the european union. norway is part of the single market, but not part of the single market, but not part of the european union. why does this matter? it matters for people's jobs, we know that single market delivers lots of jobs, jobs, we know that single market delivers lots ofjobs, but also, if we wa nt delivers lots ofjobs, but also, if we want to end seven years of damaging austerity, we need the revenue coming into the exchequer to help make that happen. so for me, i don't think the chancellor should be taking the best economic options off the table abouts you he has, hasn't he? well, he doesn't have to do. let's not forget the role of parliament. the arithmetic in this new parliament is final balanced and this government is going to have could come back to parliament and g

the chancellor philip hammond made his intervention in a speech to city and business leaders.id not vote to become poorer oi’ less secure. they did vote to leave the eu and we will leave the eu. but it must be done in a way that works for britain. and i'm confident we can do a brexit deal that puts jobs and prosperity first. that keeps our markets for goods and services and capital open, that achieves early agreement on transitional arrangements to avoid unnecessary disruption and dangerous cliff edges. what really struck me about philip hammond's speech at the mansion house was the sharp change in tone. he talked aboutjobs and prosperity in contrast to theresa may before the general election. she was much more focused on immigration and on sovereignty. the message from the public before and during the referendum campaign was clear. brexit must mean control of the number of people who come to britain from europe and that is what we will deliver. next—door neighbours but different approaches. mrs may wants to cut immigration to the tens of thousands. the chancellor is keener to

one person they were allegedly route it was the chancellor, philip hammond, and he seems to have emergedit. precisely. that was the expectation in the past few weeks, that he would be toast after the election, the way that theresa may would not confirm that he would be there as chancellor. he is probably quite a happy man at the moment. let's look at boris and what all this means for him. we have the mail on sunday saying, boris is set to launch bid to be prime minister as may clings on. this morning, he has put out that this is tripe. the more he says that, the more convinced i am that he will run. it is like when michael heseltine said he could not foresee circumstances where he would stand against mrs thatcher and then the next week he did. there is also, apparently, an anyone but boris campaign going on. there is a sense that he is flaky and unreliable, those things that michael gove, as he flagrantly stabbed him in the front and back la st stabbed him in the front and back last year... and the site! and the head and everything, he said he was not reliable. those allegations will res

. >>> uk chancellor philip hammond is arriving in luxembourg. let's get out to willem. >> that's our main dominating theme today, it will remain so over the weekend as bodies are recovered, we start to get a sense of the scale of the tragedy. my presence here today is a sign of other continued engagement with the european union while we're members of the union, it's a sign of our commitment to being close partners with the european union after we left and i can confirm that as we enter negotiations next week, we will do so in a spirit of sincere cooperation, taking a pragmatic approach trying to find a solution that works both for the uk and for the european union. >> can you confirm a couple other things or give clarity, the negotiations are three days away many things are unclear from the uk side. should we start with single market membership? do you think the uk should be seeking single market membership >> we set out our position in the speech the prime minister made at lancaster house earlier this year and our long and detailed article 50 l

compare that to the treatment of philip hammond, chancellor of the exchequer, who on the today programmeigures for hs2 out by £20 billion. it might have been balanced if they mention that labour had a fully costed manifesto whereas the tories‘ manifesto was totally uncosted. another election controversy followed on wednesday after a debate featuring representatives of the seven main parties, including jeremy corbyn and home secretary amber rudd in place of the absent prime minister. i was thinking how chaotic it would be if they all got together... it was a rambustious affair which at times, felt some viewers, itself degenerated into chaos. all speak at once. one viewer told us she found debates like that... more contentious was the reaction of the audience, put together by the polling company comres, who were commissioned by the bbc. here is how a couple of jeremy corbyn‘s comments went down. have you seen people sleeping around our stations...? cheering and applause. have you seen the level...? jeremy corbyn, can you respond to that point...? 300,000 people elected me to lead this part

is tonight and philip hammond hasjust recently announced in breaking news that he's pulling out.ower pulling out. he said, in view of the grenfell tower tragedy i've withdrawn from giving the mansion house speech tonight. my thoughts are with the local community. that puts mark carney, the governor, in an interesting position. if it's sensitive to speak, what attitude should he strike? thank you. back now to save the race with in west london. —— to sophie raworth in west london. the response from the community here has been extraordinary. within hours of the fire breaking out, the streets around here were filled with tables covered in food, water and clothes for these people who have lost absolutely everything. some of the community centres and sports halls that have been turned into temporary shelters have received so many donations they've had to turn supplies away. tom burridge reports on the volunteers who have dropped everything to help this community. this shows you how people here feel. everything donated. a diverse community which cares. it's incredible at the moment. eve

the chancellor, philip hammond, has said leaving the eu without a deal would be a "very, very bad outcome" for britain. portugal declares three days of mourning as the emergency services battle to contain a forest fire which has killed more than 60 people. france votes in the final round of parliamentary elections. turnout is down. president macron‘s new party heading for a big majority. pakistan has won the champions trophy after comprehensively beating its rival india at the oval in london. the mayor of london sadiq khan, says the grenfell tower fire disaster, in which 58 people are feared to have died, was the consequence of years of neglect by successive governments and the local authority. he says the tragedy was totally preventable. he was speaking as the leader of the local council in kensington and chelsea, said he was doing everything he could to provide help to those affected by the tragedy. there's been heavy criticism of the local authority and central government, for their handling of the disaster. today, sunday services were held, to remember the victims, as our corresponden