leaving the u.k. would mean setting up a new scottish equivalent from scratch and true to its roots as the home of the gentlemen's club the u.k. is the only country in the world that can boast membership of nato the e.u. the commonwealth the g seven the g eight and the g twenty if scotland decides to go solo its name will be struck off a lot of guest lists and the british government points out it was planning to devolve more power to the scottish parliament from next year anyway from twenty fifteen the scottish parliament will get more powers to set tax rates and decide if and when to borrow money even if it's not independent lilly's it also points out that the u.k. represents goatish interests abroad take for example scottish whiskey four billion pounds of the stuff was exported last year but if scotland whisks itself away from the union it would have a small a network of embassies promoting it spirals abroad business could suffer which could leave the industry nursing an independence hangover the sco

in the u.k. in the us they're graduating down one half percent now officially as i've been saying on the show for a few years quantitative easing and zero percent interest rates cause the flesh and they cause the going to cause these prices to come down as they are doing now. because all this money is going to support to zombie banks machines that are crowding out all legitimate investment just causing massive malinvestment and there as a result the the economies are imploding and then they say look the economy is imploding let's do more of the same let's do more quantitative easing let's do more money printing lost in negative interest rates but that's in fact what's causing this economy to implode so paul krugman has been discredited utterly over there at the new york times he said this would not be the case he's completely wrong everyone who said that this would be the story as now been i've been proven right of course and they are proven completely wrong while they're also pointing that out is

majority owned by the u.k. rnment since the bailout and the government said a few months ago they would not support raising the bank or bonus caps. from one time base pay. revolts at barclays earlier this year as well as hb -- hsbc. shareholders were unhappy. a thought of wanted to make sure banker pay is not out of line. >> quite an active it -- activist shareholder. thank you for that conversation. coming up on the program, the younger debate -- juncker debate rages on. in the meantime, you can follow me on twitter. it is 8:26 year in london. we will be back after a short break. we will give you a quick picture of the markets as we go to break. things will be weaker. some of the geopolitical tension we have been talking about over the last couple of days. taking a toll on the market. we will be back. ♪ >> welcome back to "on the move ." i am anna edwards. we are 30 minutes into the trading day. let's see how things are shaking up in the equity markets. things looking weaker this morning. that slow melt of equi

but believe the whole of the u.k. including scaf and wales and we will be able to take the case for all those policy united kingdom to the european union. talking about what's going on inside the u.k. now i remember in two thousand and nine european elections your party had similar success got very good points but it failed to win a single set in a parliament later in a general elections are you afraid the same thing may happen this time round. i think there's a great change in the united kingdom i think people have had enough of the establishment parties. they have mucked it up they've made a very bad mess of the whole thing people want to change and i think we've know on the brink there's a sort of almost like a revolutionary change in the way people are looking at politics in the united kingdom and i think that they want ukip to come and break to form a two party three party system and i think that we are brought to a breakthrough in a major way at the general election well you're still pretty controversial especial

in the u.k. it's the widest gap between the top and the bottom of it anywhere in the world of the major economies in the world so there's this is terry packages done nothing except increase the normal economic gap with the have yachts and the have not actually the i mean you've got the richest you know five families in the u.k. own as much wealth between them as the book him twenty percent of people in the entire country you know the united states is well he's just. never with economic inequality is just so to the levels of nine hundred twenty eight you talk about the wall street crash took about pre new deal say you know inequality is a massive issue the government now you say that they're preparing say we should be as well well in britain you know pretty strict class structure anyway you know you've got a pretty. class. divisions but what we're talking about here is something else altogether are we were saying that these fake austerity measures that by the way the debt in the u.k. has gone up th

and julie has been made an honorary dame by the u.k. queen for her humanitarian work she hosted the global summit to end sexual violence together you can see it with the u.k.'s foreign secretary it was called to address cases of using rape as a weapon in war zones like syria congo and other places too but the conference it seems has turned a blind eye to violations in sri lanka where the experts estimate thousands were raped during almost thirty years of civil war human rights groups say sexual violation is still used there to this day is a torture method against the suspected criminals but civilians are also at risk in sri lanka didn't cording to this every ninety minutes a woman suffers a rape indeed every day up to five children are abused too and often there's little or no punishment mosco free. arties going on the ground host afshin rattansi spoke to human rights advocate bianca jagger she's convinced the u.k. ignores sri lanka's violations because it fuelled the civil war by selling millions of dollars worth of weapons to the count

the u.k. onomy has benefited from the effects of the week sterling and flexibility of the labor market. >> and now it is strengthening. >> we had a sterling that corrected. we are now back at more normal levels. >> thank you so much for your time. stay with "the pulse." ♪ >> welcome back to "the pulse." let's get straight to your asset check. it is a down day when you are looking at equities. geopolitical instability. what does that mean for oil? it means risk is off today. of course, that is pushing the stoxx 600 lower for the week, currently off by .25% today. financial down by .8%. nearly every single industry group is trading lower on the day. of course, we have been coming off six-year highs, so clearly we are still relatively high in terms of our valuations. let's have a look at how the pound has been affected. there are three key things at play. most of all, it is coming from mark carney and george osborne, driving the pound higher. look at that jump up. mark carney said we could have an

here in the u.k. if gas is found underneath your property you don't get nothing because the queen it's owned by the queen the queen says essentially the crown sought by the crown even better than that is that they've just bought her yesterday and i suppose they're developing debating the second reading of the infrastructure bill which is basically because they don't want the queensland to be both a boil this fracking and neither did the aristocracy they still own food or british land so basically everything is left is ours it's a public asset so they're put into this bill that means they can actually privatized that land they just handed over to. new quango which is then becoming a privately owned company so that's going through at the moment the whole point of that is to shift what we call streamline the planning process which he's kind of you know a tory language for we're going to make a noise here for us to sell the slum to our friends so that they can put fracking wells on how to handle baton but

politicians and the u.k. have been sounding the alarm over the influx of immigrants from romania and bulgaria after brussels lifted employment restrictions but the latest figures show the numbers are working in britain has actually dropped since then meanwhile it appears many brits seeking better opportunities have chosen to leave the u.k. and settle down in romania as are. reports. michael is british but spent most of his life outside the u.k. his father worked in the military and the family has done its fair share of globetrotting regional media where mike decided to settle down on a board he's been running for five years now the option is my life and my still night life you know i like to party and it's one of the reasons why i went into this business i love the people of the climates the country. you know and the media then welcoming since the beginning of this year they've been able to travel and work all over the e.u. some british deputies worried immigrants could start flooding in even suggested running

the way we have it in our forecast, the u.k. only marginally first. >> jay, thank you. chief global economist at wells fargo. >> this is bloomberg television broadcasting live from europe. that soon can be the united states of europe. the italian prime minister hopes so. find out more after the break. ♪ >> welcome back to "countdown." i am anna edwards. >> mime mark barton. >> one week from now greece will hand over the reins of the e.u. presidency to italy. in just under one hour, he will brief the country as chair. we are joined by the bureau chief, dan from mill and. >> he has talked about that before. i am not sure that will be the focus of his speeches that he will be making in both branches of parliament today. i think it is more likely he will be emphasizing reducing unemployment in europe, promoting growth and boosting investment, these are themes he talked about with mr. olank. they will come up in the summit in europe. these are issues he himself has been using in his first few months as prime minister of italy. ese are

crouton one of the u.k. bases allegedly involved in mass surveillance of revelations about g c h q and the n.s.a. they are what we could be saying that british citizens are actually having their privacy in paid it's a by a country which is supposed to be our closest ally and friend in the world it's led some voices in the u.k. to question whether american and british interests always overlap britain is now a fairly small in some. powerful country as we were in the days when we had an empire but we have a national interest we still have a national interest we're still a very big economy we're still an important country but we should exercise that national interest in our interest we shouldn't just slavish lee handed over to the americans anything that they want and yes a succession of british leaders have done little to remedy what many see as a lot sided special relationship under the current extradition treaty between. and in america it's much easier for you case this isn't to be sent to face trial in the us

. >> the chinese premier kicks off his u.k. visit. >> and boots on the ground. troops toends armed help combat the growing insurgency. ♪ >> good morning, everybody. you are watching "the pulse." we are in london. i am guy johnson. >> and i am olivia sterns. also coming up, a bloomberg exclusive. for the first time in three unveilingoschino is its collection in london and not milan. we are finding out why. brandsporsche is making -- making moves to preserve its racecar past. we will speak to its ceo as well. first, let's return to our top story. seven weeks after general electric made a bid for alstom's energy assets, a story that bloomberg broke, siemens has made a counteroffer. we have the details of the siemens did. -- bid. it is a little confusing. >> good morning. you are right. this idea that we had initially giants,ing two european one in the rail sector and one in the energy sector, is not exactly what is on the tape -- on the table for siemens at the moment. what siemens is really interested in is alstom's gas turbines. they are offering three point 9 bi

we are the leaders of e-commerce in the u.k. don't realize that compared to other g-20 nations it is the highest in the world. 10% of our gdp will be contributed -- attributed to the internet economy by 2015. that's the largest in the world. that makes of the most digital economy. >> what are other things they point out is the infrastructure. i was interested to read about this. i haven't heard this much discussed. the availability of office space. i was amazed to find there was a shortage of office space in london or certainly the type growing staff wants to take on. >> i consider this a good problem. crunch youving tech are going to have people having difficulty finding the right location and finding it for the right price. what is happening across london, this tech movement is broad and across the entire capital. there are 45 startups. silver key, the over there there are a number of startups. you have got croydon coming on strong. there are pockets in covent garden. it's all over london. it's really extraordinary. it's not j

the rate of change as such they u.k. ch up quickly with the new ethic. >> i am very encouraged by what mike said. leeurally and philanthropic -- philanthropic lee -- philanthropically, the place where people want to go. develop an idea. amassing wealth. purposes.pic that is right around the corner for us. in happening. >> take a look at london 40 years ago, we do not have a big immigrant community and today you do. that's a great strengths strength. that came later than ours did. >> demographically, we have even more languages spoken. >> [indiscernible] >> the original. i do remember. [laughter] we are grateful. speaker gives a latin speech every year in a latin. i have no idea what he said. it left me. >> but absolutely right what you said. it is more of the same. >> what you do about the problem of space? to create an want ecosystem, especially in america, people in the garage -- in a your serenity's garage. -- a year cities, where garage can be expensive. huge shortage area east towarde olympic park. up.s starting to g

and friend in the world it's led some voices in the u.k. to question whether american and british interests always overlap britain is now a fairly small in. the powerful country and as we were in the days when we had an empire but we have a national interest we still have a national interest we're still a very big economy we're still an important country but we should exercise that national interest in our interest we shouldn't just slavish we hand over to the americans anything that they want and yet a succession of british leaders have done little to remedy what many see as a lot sided special relationship under the current extradition treaty between britain and america it's much easier for a u.k. citizen to be sent to face trial in the us than the other way around over recent years twice as many people have been extradited from the u.k. to the us which british prime minister dozens. go that extra limb for the americans objects of commentators have long argued. to many an american the american stuff which means britain is the fifty first s

armies surveillance even nuclear weapons we examine whether the u.k. is closer collaboration with america serves britain's best interests and mid worries the friendship has grown too close. branagh it al qaida jihadist here or through iraq towards baghdad capturing two more cities while the u.s. wakes up military help for the crumbling country. which martin national we start with breaking news and government fighters in the guns going east ukraine have now confirmed that they shot down a military transport plane the ukrainian army says all forty nine people on board were killed and video has now emerged showing the aftermath of the attack the plane going down going to the airport. is the latest from. the plane that was shot down in the early hours of saturday morning as it approached the guns at ports here confirming that on board troops equipment machinery and food at all claiming responsibility for the attack saying they brought the jet down with. our forces look at the airport which is a strategic point to look and demand that their old. cranium troo

they have a piece in the u.k. the afp where they say -- in the fp where they say this. >> american businesses are sounding the alarms that we heard german industrial companies do when the sanctions were starting. the key to making the sanctions work is presenting a united front. the europeans do not seem to be on board with a third round of sanctions. could the u.s. goal long? >> -- go along. people frome three the obama administration also said that it may be that the united states has to go it alone. sayingds of state are that the u.k. welcomes the words that we have heard from vladimir putin earlier this week and would like to see action on stop at a something we hear from the obama administration a lot. yesterday, vladimir putin's spokesperson announced that the president had asked for the parliament to rescind authority to use force in the ukraine. he has no intention of using russian troops overtly in the ukraine. that does not resolve the issue for everyone. they believe -- >> yes. >> yes. we had a helicopt

u.k. apparel sales were strong. spain, it is not the 20 plus that they have got in the u.k. have mentioned the expansion into australia, amazing they have been around in europe for so long, but they have not had a presence until recently in australia. >> the southern hemisphere has always been difficult because of the difference in the seasonality. are you anticipating your next season or are you selling people castoffs? we saw this australian business cell northern hemisphere fashions. people in the southern hemisphere want to make sure there is something unique for them as well. >> thank you very much for joining us. still to come, it is a bird, it is a plane, it is a rocket on wheels. years are attempting to -- engineers are attempting to break the speed records. a tour behindyou t the wheel. here is a picture of the markets. a short break on "on the move." we will be back on the other side. ♪ >> welcome back. i am an edwards. -- i am an edwards. we are 30 minutes into the trading day. here is a picture across the markets. i can see things looking pretty green. let's dig a

angelina jolie has been made an honorary dame by the u.k. queen for her for her humanitarian work she hosted the global summit to end sexual violence together with the u.k. foreign secretary it was called called to address cases of using rape as a weapon in war zones like syria congo and others but the conference is accused of turning a blind eye to violations in sri lanka where experts say thousands were raped during almost thirty years of civil war human rights groups say sexual violence still use there as a torture method against suspected criminals civilians also at risk in sri lanka according to un survey every ninety minutes a woman is raped there every day up to five children are also abused and there is little punishment for the guilty as most go free artie's option or aton see host of going underground spoke with human rights advocate bianca jagger she's convinced it ignores for long as violations because aid fueled the civil war when it sold millions of dollars worth of weapons to the country. but i did some research and found repor

the u.k. police. we also know now that prosecutors are considering corporate charges against news corp. it dealt. the fact that they are considering corporate charges is not new. in fact, it was revealed many times during the eight months trial. however, because of the u.k. law that calls for national a doubt the groundwork for fair trials, reporters were not allowed to report until the trial ins. rebekah brooks found not guilty, jurors are still deliberating over whether he should be convicted for bribery. we are getting a sense now is the trial wraps up where this could go. >> how likely is it that corporate charges will be brought against news corp.? colson has that andy been found guilty of phone hacking makes it more likely there would be appropriate prosecution. if there is corporate likelytion, it's more there would be actual charges against members of the board , the controlling officers who were supposed to be making sure this kind of thing was not going on. cooperated,ays we we paid compensat

the u.k.'ness secretary talks about alstom and the fact that the french have to play by the rules. >> we have this -- in the u.k. where we have been concerned about the potential impact of a fizer takeover of astrazeneca. it is very engageing with the company. pfizer. so secure long-term commitments to the ready base and in the event they have gone away. this for the time being. clearly there was a national interest. but within the rules. >> ok. joining us now is matt campbell. let's take a look at this battle. jeff's in town. he wants to nail it. what does he have to do? >> he wants to get it over the line. all of the noise we have seen with siemens and its counterbid, g.e. still has the upper hand. they are very much in the lead. i think he really has to close to deal to convince the government to go along with his plan. the smart money is very much on g.e. getting this done but i think it has been much more complicated or drawn out than they or anyone else thought it would be. >> everybody c

the u.k. dr. his rounds when he was visiting --ients who previously had during his rounds, including morning rounds, he gave those who had had health affects a glass of red wine in the morning and in the evening. he says it is not a scientific study. it is being dramatically reduced. he is clearly a believer. >> he is not giving any actual drugs. it is amazing. >> the wind was provided by a charity. was provided by a charity. his favorite is a chilean. it is very reasonable. [laughter] let's move on. the u.k. secretary warned that an early interest rate could hit the recovery of the u.k. economy. what would be unfortunate if that conversation were to precipitate serious imbalances in the economy with that housing boom. it would affect the economy as well. have moreup, we will on our exquisite interview with the ceo of l'oreal. and we will speak with the biggest electric on it -- electronic retailer. stay with us. 6:56 a.m. in london. see you on the other side of the break. ♪ highsal markets reach n

hub for the u.k.. be proud of. >> tells about some of the new and exciting retail experiences and technology. >> we want to have a very british sense of place when you come here. >> indeed. the beefeaters. >> we managed to persuade them to come away from the tower for the morning. they have been reading passengers. when you go at night, most of the shops are great british retailers having a showcase to the world of what they do so well. opened his-- he fifth restaurant. passengers are going to love having the sense of britishness as they are traveling through your. -- here. we are the gateway to the u.k. we want to make sure they get a warm sense of britain when they fly through here. likeght now, it is looking -- the bid to get the third runway. doesn'tterminal, actually add the capacity. would you really need is a third red way -- runway. this is a brand-new terminal. we were rebuilding heathrow over the last power -- 10 billion years -- last 10 years. we can do this in a way that supports the local