still with us is rupert harrison of blackrock. we keep hearing rumors. where are we? do you follow low by blow? rupert: what we are seeing is a familiar game of brinkmanship which should be familiar to people who have followed previous negotiations. the summit this week is not the last chance. everybody knows there is more time. this can get pushed into november or december. that is the main barrier to getting a deal this week. on the other side of the break and, the shape of a deal is obvious. we are not miles apart. there are issues around the time limiting of the u.k. staying in a customs union and there are issues around regulatory barriers between northern ireland and the rest of the u.k. these are small margins in the bigger scheme of things. no one has the incentive to make that final climb down to make this week work. francine: is there any doubt in your mind we will get a deal that will be ok and be signed off by parliament? rupert: there is some doubt. there could be miscalculation on either side. we will get a deal. impossible we see tomorrow, theresa may m

we will be back with rupert harrison of blackrock.usive interview with the minister of state for nigeria. andl be talking opec looking at demand for oil across the world. this is "bloomberg." ♪ tom: this is -- francine: this is bloomberg surveillance. we had big news. bloombergrts by saying that angela merkel will not look to stay on as the cdu head. we wait to have people put their names in the hat. let us get to rupert harrison. this is the end of an era. we will -- we were hearing she will stay on as chancellor. she has been a powerful chancellor. if you look at european countries, who will lose the most? rupert: almost everyone. she has been such an anchor. the uncertainty is how long she can stay. it is true chancellor's have stayed on in the past. i wonder whether that is realistic in the modern environment. her authority is going to be undermined. be youimistic case would have a chancellor who has got an end and may have an eye to her legacy. macron,re a emmanuel you say there is a window for germany to make concessions to land

he said rupert harrison, chief of staff, to george osborne, writing a piece in the financial times, whiche new reality, also for conservatives, that public services are driving the politics, and you are driving the politics, and you are absolutely right, the idea of the balanced budget, let alone the surplus, it is looking jam, not even tomorrow, after to tomorrow. we started with critical papers, take us started with critical papers, take us to the sun, ben, which is rather happy about it all. hammonds didn't wa nt to happy about it all. hammonds didn't want to do it on wednesday because of the trick—or—treat budget headlines and he has them anyway, so headlines and he has them anyway, so he should have done it wednesday at 12:30pm and we could have had two hours to cover it, so it is positive, no tricks, just treats, he would be extremely pleased with this coverage. what you're seeing in the pro— brexit papers like the sun and telegraph is a move to say let's get a hide it now, let's seize the positive news, that's how i'd interpret this. obviously they're in favour of tax cuts at any t