we'll be getting the inside track on this weeks big financial news with the bbc‘s business guru simon jackal media is buzzing today with rumours that president trump had trouble securing a hotel room for the 620 summit in hamburg. so today we want to know what you have missed out on by waiting too late to book? just let us know — use the hashtag bbcbizlive. hello and welcome to business live. we start in hamburg, germany where as you've been hearing, leaders of the 620 group of the world's top economies are gathering. concerns over free trade and the environment are high on the agenda. but for europe — equally pressing is the migration crisis. record numbers of migrants from sub—saharan africa have been heading into the eu — increasingly across the mediterranean via italy as this map shows. the final destination for many is 6ermany — where migration related costs are projected to top $100bn by 2020. chancellor angela merkel has made it clear that she thinks other countries must shoulder more of the burden last year alone 6ermany saw almost three quarters of a million people apply for asylu

damion: so, there's myself and simon, and then we have four guys in the workshop. you'll meet jack's an amazing guy, and he's been with us from the beginning. lemonis: and who does the bulk of the actual manufacturing of this? -damion: all of us. -simon: i do. i control the manufacturing side. -lemonis: you do? -simon: yeah. i run all the guys, make sure all the guys know what they're doing, make sure they've got all the timber. lemonis: you're like the foreman? simon: yeah, i'm like the foreman. lemonis: you're sales and marketing? damion: i do absolutely everything i possibly can. i'm in the workshop. i'm sanding. i'm oiling. lemonis: and, so, when you say you do everything, you feel like you do the bulk of the work in the company? damion: yes. lemonis: okay. damion: yes, because i have to deal with everything -- all of the customers, all of the shows, the marketing material. i have to help with the installations. i have to take care of a lot of things and not just the carpentry side. simon: [ chuckles ] i do the bulk of the work. i work seven days a week. i'm in that shop from 1

our business editor, simon jack, is here. bably the most significant intervention by a business lobby since the referendum. what they are saying is that the chance of doing a full deal by march 2019 when due to leave the eu is almost impossible, given that, there is no point for a two—stage process, the negotiated transitional deal and a final deal. we should, until there isa a final deal. we should, until there is a fully negotiated final deal in place, until the moment it is in force, we should stay in the single market and the customs union. that could take years and it could be controversial as it comes with strings attached like the movement of people. and michelle barnier has been saying ican hear and michelle barnier has been saying i can hear people saying you can leave the single market and keep the benefits, that is not possible or leave the customs union and have a frictionless border trade, that is not possible. this is a negotiation, of course he will say that say some but it shows the gap between what the british

jamie dimon was speaking to our business editor simonjack simon jack in paris, as the new french government after the uk leaves the eu. in the negotiating table you sometimes relies the other person has more cards, and there is no question that europe has more cards to play. you one say 4000 jobs, new say that it may well be true? sure, easily. even more? i am hoping it is just a few hundred. we hope it is none, but yes, we are negotiating with germany how many. you have seen countries arguing for example, we wa nt countries arguing for example, we want our data centres in the country, and that will become part of the trade negotiation, and yet we don't know the outcome. what other business stories has the media been taking an interest in? richard dunbar, investment director at aberdeen asset director at aberdeen asset management, joins us again. we will start with that twitter question, this company, brand lust, introduces $3, selling everything the $3, basic consumer condiments, peanut butter and mermoz, and they say that people trevor pryce over brand. —— and mayonnaise. —— people don't

simon jack, bbc news.ife—support withdrawn, after his parents failed to get agreement to spend up to a week there with him. they had wanted a private medical team at the hospice to care for their son. great 0rmond street hospital, where charlie is being treated, said that wasn't in his best interests. it follows a legal battle by charlie's parents to take him out of the country for experimental treatment. figures from the ministry ofjustice have revealed an alarming increase in the number of prisoners released by mistake, as well as rising violence and cases of self—harm in jails. statistics for england and wales show that 71 inmates or suspects were incorrectly freed in the year to march — the highest number since records began a decade ago. meanwhile, there were more than 26,000 assaults, with attacks on prison officers at a record high of more than 7,000. our home affairs correspondent, june kelly, has this report. spice in a jailhouse. mobile phone footage showing one inmate high on spice. egged on by

our business editor simon jack is here. does this evenings for consumers somewhat?t, but we should make no mistake. wages are still going up less quickly than prices are so the squeeze is still on. at what is happening here is that this inflationary pressure we have seen has accelerated a little bit. it all started after the brexit vote, when we saw the pound fall which meant that all important goods went up very sharply in price. imaginea snake went up very sharply in price. imagine a snake swallowing a large animal. it takes its time to get down the system. the question is now we have seen this goal down, does this mean that inflation has peaked and that bulge in prices has worked its way out of the system? it may have, but we may still have some pressure so have, but we may still have some pressure so it is not impossible that prices may go up again. but as andy said, the bank of england, who watch inflation very carefully, that is their mainjob, were watch inflation very carefully, that is their main job, were thinking that maybe it is time to put up interest ra

he sat down with the bbc‘s business editor, simon jack. here's what he had to say.money every single day to make sure that, come march 2019, i'm open for business. obviously, as each month goes by, i've spent more of that money. so, certainty becomes less useful for me as we go further down that path. if i knew today that we would have a significant transition period, i could stop spending that money, taking out that insurance. because i'd know i would always have time to transition my business. if they tell me in february of 2019 there will be a transition period, well, i've already spent all that money, it's not much use to me. at that point, the transition period doesn't really help. so, the sooner we know the answer, will there will not be significant transition period, it is obvious to helpful to us. ideally, in an ideal world, you would need to know this year? the sooner, the better. joining us is nandini ramakrishnan, global market strategist atjp morgan asset management. are they going to get a deal?“ are they going to get a deal? is the government listening

our business editor, simon jack, is here.needs clarity, certainty, has it got that today? they accept, they are optimistic it isa they accept, they are optimistic it is a good, first step. you want an evidence —based system, you need that evidence. better late than never. privately, they are saying it is very late. this will report back in september, 2018, six months before, and businesses, particularly sectors like construction, hospitality, agriculture, which rely heavily on migrant labour, they say they need more clarity before then. amber rudd seems to understand that, she is talking again about the transitional period, a couple of yea rs, transitional period, a couple of years, maybe longer. businesses are saying that and there is momentum holding behind the transition period businesses —— and businesses are pleased. in short, they are pleased their views are being heard after being frozen out of the conversation. but rather exasperated at the pace of it because they need clarity, as you say, that is what they want, and

simon jack, bbc attraction and more like a permanent home. simonjack, bbc news, paris. the building that night. one of them was antonio roncolato, who lived in a flat on the 10th floor. it had been his home for 27 years. he's been recounting the events of that night with our correspondent, jeremy cooke. a month on, the tributes are fading. the memories, though, are sharp, clear, fresh in the mind. i knew i could not get out of there. it was too dangerous. for those who survived, the events of a month ago are the stuff of nightmares. antonio shared a flat in grenfell tower with his son, christopher, who came home late that night to find the building on fire. when my son called me around 1.30am, he told, "pappy, wake up, get dressed and get out of there because the tower is burning." the flames came down christopher's room, on the outside. i saw the flames really live. smoke was very thick, very horrible smell, obviously, burning, very warm. i said, there's no way i can go out there, no way. somebody has to come and rescue me. they need to ring 999... so many lives were l

our business editor simon jack has more. 0k, we're going to move on now.recognise the existence of its financial obligations to the eu. yesterday the foreign secretary, borisjohnson, suggested that the eu could go whistle for what he described as extortionate financial demands. today, mr barnier hit back saying he couldn't hear any whistling, just the clock ticking. 0ur europe correspondent damian grammaticus reports. in brussels today, determination and frustration. the eu's chief brexit negotiator venting his feelings, first on this, what borisjohnson said yesterday about the money the uk owes. the sums that i have seen that they've proposed to demand from this country seem to me to be extortionate and i think to go whistle is an entirely appropriate expression. i'm not hearing any whistling. just the clock ticking. that's because time to reach a deal is slipping by. "it's not a ransom in any way", said mr barnier. "it's not an exit bill, a punishment, a revenge". adding, "we have to settle the accounts before we can discuss future ties with the uk". ano

our business editor, simon jack is here.as not unexpected. rbs had put aside a kiddie to pay the sum of these finds £6.7 billion. half of which was going to be for this fine. so we're not quite there yet, this is not the final bill. that is the one regulator, the us department of justice. the rest is expected to be much bigger which will hit earnings again this year which means the 2017 looks likely to be the tenth year in a row that rbs will post an annual loss. a staggering amount of nearly £60 billion. the light at the end of the tunnel if there is one is that once this second fine is out of the way, basically, they are almost at the end of a very long and miserable panel. once that is down, the government only then have said they will think about starting to sell off this stake they still own. at the moment, they will have to start thinking about doing that at a loss because the shares are worth roughly half of what the government paid from a decade ago. they might be prepared to begin selling the loss and hope that the

let me bring in simon jacks son.and if we don't do something to strengthen the ligaments the outcomes from surgery are very the ligaments the outcomes from surgery are very poor. and mesh is something that can help us with these problems. undoubtedly there could be problems. but there could be benefits and we need to weigh up the risks and the benefits with these operations. i think the problem is that the risks and benefits are not really properly publicised. the reporting of the complications has not been adequate i don't think and part of the problem is that the surgeons that put in the mesh are not the ones that have to take it out because the skills required to take it out are different to the skills to put it in and there are very few people who have have that skill to operate around the bladder neck without leaving the patient totally incontinent. do you accept that? well, we do go into the details and some people haven't and some women haven't been adequately counselled. the mesh we have got most experience w