a labour mp says that the royal bank of scotland's treatment of small businesses may be the largest theftwhere, ever. and mps debate the plight of the rohingya people, who fled from burma for bangladesh. the refugee camp is now equivalent to the size of bristol. carillion was awarded work on the h52 project a week after a profit warning. the contractor collapsed this week with debts of more than £1 billion. in the commons, a conservative critic of the rail line called for a full review of the project. with the sad demise of carillion, could be secretary of state confirm that he is performing a full review of the business case to make sure that the remaining public sector, or private sector companies are able to deliver these rejects without serious cost to the taxpayer? i know my right honourable friend will be pleased to know that the demise of carillion, a tragic event for this country and for corporate britain will nonetheless not affect the h52 project. the contract that exists is part of a free public consortium. the other two companies are taking over responsibility for the project.

as i've said to him this is a commercial decision that has been taken by the royal bank of scotland. anches. now to the collapse of construction firm carillion. labour had put down a debate on the firm and the sustainability of outsourcing and asking that the government release any risk assessments relating to carillion to the public accounts committee. the ordinary man or woman in the street can only draw one conclusion, which is that this been a complete racket. carillion pose a clear and present risk to the taxpayer. and as we‘ve seen the government failed to act. but worse they had a close relationship with many of the key decision—makers, some of whom were active tory supporters. now normally if there‘s a vote on an opposition day motion the result isn‘t binding on the government, but labour has found a way of wording these kind of motions so that ministers do have to act. so, when he got up to speak, the cabinet office minister made it clear he would release the papers labour was asking for to the public accounts committee. i want to make it clear that if the motion passes that

this is a commercial decision taken by the royal bank of scotland. banks are closing branches because what they see is being made of those branches but as the right honorable gentlemen has been talking about financials, they don't welcome the fact that trade figures for scotland show their biggest export market remains the rest of the united kingdom. >> damien green. >> thank you. it is a lot easier asking them answering. it is vital for long-term prosperity that the government to maintain infrastructure investment. with this in mind and as proposals for new bridges are fashionable can i ask the prime minister to commit the government to a very practical idea which is an early start on the lower crossing between kent and essex which would create 5000 jobs, relieve pressure on the motorway network and provide significant boost to the economy of the eastern side of england. >> my right honorable friend is right in drawing attention to the impact of infrastructure when it developed in part of the uk and i know that will unlock opportunities and economic

the treatment of small businesses by the royal bank of scotland has been described by an mp as "the largest came as the commons debated the banks' global restructuring group — grg — which has been accused of mistreating its customers by the city watchdog, the financial conduct authority. the royal bank of scotland has apologised for how it treated customers who ended up in its grg. but mps demanded an inquiry and tougher action against the banks. the mp who led the debate described the experience of one constiuent. he lost his business, his home, his marriage, and i think it fair to say almost his sanity. his crime, nothing more than being an entrepreneur who banked with rbs. does my honourable friend agree with me that the rbs global restructuring group had a real cultural problem? their top tips include the phrase, rope, sometimes you just have to let customers hang themselves. clearly, there is something very wrong. i agree. i think since 2008, we know that 16,000 small businesses were put into grg and the vast majority of them were liquidated. this was meant to be somewhere where they w

royal bank of scotland of the companies suffering are followed from the carillon issue.all the business news. an australian teenager has been found alive in a car wreck after his father made an intuitive decision to search for him in a helicopter. samuel lethbridge, who is 17, was trapped for 30 hours after his car left a new south wales highway on sunday. mr lethbridge said he suspected his son was in trouble because his disappearance was out of character. here's something even the locals don't see every day — a wallaby eludes police in australia, leading them on a low—speed chase in downtown sydney. the marsupial was spotted on the nation's most famous landmark — the sydney harbour bridge. virginia langeberg reports. music: land down under by men at work. how is this for a visit to the big smoke? shortly before 5.00am, under police escort and avoiding the city rush hour, this opportunistic tourist jumped at the chance to take a tour of australia's most famous landmark — the sydney harbour bridge. there was enough time to stop and take in the sights, even say "g'day!" t

the chief executive of royal bank of scotland, has said that the blame for the mistreatment of smallender's controversial restructuring unit, grg, lies with the executives who ran that department. ross mcewan was giving evidence to a treasury committee hearing into the bank's behaviour around the time of the financial crash in 2008. i think it has to be the executive operation that takes the accountability. how many people are being subjected to this? we have a number of people whose pay and long—term pay has been suspended as these reviews go on and if it does get reviewed as well. earlier, tony boorman, from the consultancy firm which was commissioned to write a report on the unit, told mps grg staff were focused on the financial returns to the bank. they held themself out to its customers and objectives financial objective for the bank, we did not argue that that was not a reasonable thing for improvisation. but also one in which it emphasised assisting customers, helping to turn them around, to determine relationships. in practise, what we found in set out in our report, was that

any way the union leader to take scotland out of the absolutely i mean they are going to close a branch as well as i. said in parliament they call themselves the royal bank of scotland while while throwing scotland to one side to a scotland's economy to one side not giving a damn frankly for them to continue the r.b.s. to continue to use the name scotland this should be seen as it's almost criminal you don't really have to be a palace to find out where the queen could take the royal out of it well that might be the next step they would just because a bank that they might be dodgy if they closed all the branches of us will have something to say i hope they do i want them to come on the big bonuses you're meeting with them the world over they've offered meetings at various levels but i want them to come the chief executive if he hears this fantastic was good he can come and talk to an island of a thousand hebridean and explain why it's a good idea to close the branch in the area on his bonus alone remember the whole lot of them is to them sixty six years on his bonus alone would pay for about sixty years of the salary so you know if there's money in the fi

they leave you to take in take scotland out of the absolutely i mean they are going to close the branch as well as i. said in parliament they call themselves the royal bank of scotland while while throwing scotland to one side through scotland's economy to one side not giving a damn frankly for them to continue the r.b.s. to continue to use the name scotland this should be seen as it's almost criminal you know with a lot of your palace to fill in there with the queen could take the roy. out of it well that might be my next step they would just be called a bank and they might be dodgy to close down all the branches. have something to say. i want them to come on the big bonuses you're meeting with them they've offered me meetings at the videos levels but i want them to come the chief executive this fantastic was good he can come and talk to an island. and explain why it's a good idea to close the branch in the area around his bonus alone remember the whole lot of them is to them sixty six years on his bonus alone would pay for about sixty years of the salary so you know if the financial whiz kid we're told he is. i'd like to see come along and talk the isl

the banks are in there, the hsbc in the royal bank of scotland. downside, bnb.ersimmons, yesterday's story. ubm viola, trading up. these utility stocks are where you see money rotating out of that. that is what is happening with the bond markets. matt: absolutely. obviously, stocks have been on a tear, but the bond market prospects in 2018. what do you think about the story of the day, the prospect of rising yields? >> i think it is an interesting term. we have seen a strong markets in the first week of january. there are clearly some issues that investors are beginning to look at. theme, you need guidance in inflation outlook. the market might be positioning for worse inflation data. a fundamental perspective, that is what needs to be focused on. friday is the key day for that. guy: yes, u.s. cpi. df inflation ticks higher an yields take higher, how does that change how i invest in equities? >> it will have an impact. when the market moves away from the perceived view, you get changes. the initial position is that markets will sell off if we get andg pickup in

the royal bank of scotland lent them money so their shares have taken a hit and they are down 1.5%.rizon settlement. at a cost of $1.7 billion, they are winding it up now. the share price is down. did you help yourself to a warming sausage roll in the run—up to christmas from greggs?” sausage roll in the run—up to christmas from greggs? i did not. people went for mince pies, sandwiches and gluten—free suits. customers are liking it and their share price has gone up. more from you later, thank you. the pope is celebrating mass in santiago. around a00,000 people are estimated to have gathered in central santiago to participate in a giant open—air mass. the pope took a lap around the park beforehand. here's something even the locals don't see everyday. a wallaby eludes police in australia, leading them on a low—speed chase in downtown sydney. the marsupial was spotted on the nation's most famous landmark — the sydney harbour bridge — as virginia langeberg reports. music: land down under by men at work. how is this for a visit to the big smoke? shortly before 5.00am, under police escort