which actually the u.k. could really do with us at the moment so what i would recommend is we've just got to. we've got america australia the commonwealth councils just hearing up to do free trade deals with us there's a big wide world out there ninety three percent of all world trade is done outside of the year now we're in a strong negotiating position so i think all this talk of general elections is just ridiculous we're in a very very strong negotiating position to get on that train mrs my you tell them in here exactly what we want and i bet you there deliver it. yes some fascinating words i do wonder if there is a move. to them and show a little more strength in the gauche asians of can be interesting to watch see how things unfold many thanks my guest is an independent british member of the european parliament. said to the global news now venezuela's facing political deadlock after the country's opposition leader announced that his party was ready to form a new government this is after he refused to rec

as things stand in just two months time the u.k. will leave the european union the divorce is being viewed as a political issue but it's economic impact is undeniable one industry in particular is bracing for a seismic shock london's financial services industry the square mile as it's known is the baiting heart of the u.k.'s financial services industry and its status as europe's financial capital is under threat a report published this week estimated that banks and other financial companies have shifted at least a trillion dollars worth of assets out of the country and into the european union setting up new offices in places like frankfurt joining us now via skype from leone in france is. the managing director of frankfurt mine finance good to have you with us on counting the costs one trillion dollars worth of assets have already been moved out of the u.k. . say so briggs it is already having an impact on the u.k.'s financial services sector how much more money will will be will be lost this figure came out just a few days ago from

and the other still wanted for the sake of the u.k. so the break that vote in parliament reflects a deep level and so about leaving the european union what does it tell us about confidence and teresa mayes government she's going to face a no confidence vote later today. she is indeed going to face that fate it is expected that she will at this point in time at least that she will win it which is fairly ironic because it's such a flagship government policy but. the northern ireland policy will propping up the government have an ounce of they're going to work with her as well as days on the right of the so called european research group who have voted against. it in parliament last night so for the moment they are supporting her but she obviously needs to present a new steps have next step and then the question is what happens then and she of course first of what has to survive this vote it's not a foregone conclusion of course anything can change you had any moment in british politics yes what happens next that's a big question also in b

it's that the u.k. is steadfast in its commitment to the belfast agreement and would never allow a return to a hard border but it is not enough simply to say this both sides also need to take steps to avoid a hard border when the u.k. is outside of the e.u. failing to do so would place businesses on the island of ireland in an impossible position having to choose between costly new checks and procedures that would disrupt their supply chains or breaking the law so we have the backstop as a last resort but both the t. shock and i have said consistently that the best way to avoid a hard border is through the future relationship that is the sustainable solution and that neither of us want to use the backstop so since the council we've been looking at commitments that would ensure we get our future relationship or alternative arrangements in place by the end of the implementation period so that will be no need to enter the backstop and no need for any fear that it will be a hard border and that is why in the

the u.k. canada and the latest country to make such a statement was our island however if we go back to canada poll brother couldn't even confirm whether he still had a canadian passport or not which does sound very strange but that's the way it is right now he's now in detention in moscow having been charged with espionage although his brother says that the only reason he went to russia was to attend a friend's wedding party the us ambassador had been given permission to see the suspect then so he did mr whelan's lawyer is seeking bail for his client for now we aren't really aware of any other details but journalists all around the world are talking about it and speculation is rife he faces up to twenty years in a russian jail to look at six plenty of time to be small to dispose of. what's most likely as we'll as a pawn in russia just play to get back one of its spies after maria patino here in the united states in the rehab boots do you believe the arrest of your brother was a retaliation and

would make no further concessions another's urging the u.k. to clarify its plans and also to come physical deadlock in venezuela with the opposition leader and i'm seeing a plan to oust elected president nicolas maduro and create a new government until new elections can be held. hello there well can you watching r.t. international just seven pm here in moscow. now we start with breaking news because four american soldiers have reportedly been killed a man from explosion rocked a crowded area in the center of the syrian city that's according to media reports the official u.s. army twitter account confirmed casualties but didn't specify the number of those killed local media though published a number of five video c.c.t.v. footage capturing the moment we're going to show you now word of warning though you might find the images disturbing. you really should. islamic state has claimed responsibility for the blast shortly after the attack u.s. military vehicles were filmed close to the scene by artie's video agency ruptly here's a video sent by rep

of family members living in the u.k. by the twenty ninth march twenty ninth see will be able to continue receiving u.k. benefits in the same terms as now it's no wonder that brags that saga is troubling the minds of both u.k. and citizens with the instability of a country in turmoil and who can blame them especially if you're fed fear in the papers on a daily basis more or less screaming the end of the world is nigh in a day or two to r.t. . two u.s. soldiers one american civilian and one american contractor have been killed a man after an explosion there rocked a crowded area in the center of the syrian city three of the service members received injuries that's according to u.s. central command reports at least fifteen people died local media published a video of c.c.t.v. footage capturing the moment must warn you though you may find these pictures disturbing. no. you really should. states going responsibility us military command says troops were conducting a routine patrol shortly after the attack u.s. military vehicles

u.k. citizens here in the e.u. twenty seven there is still a lot of uncertainty at this point of course surrounding bragg's it and what it means. for u.k. citizens living abroad they've been pulling the brakes and saga from the beginning of course i want to ask you to look into your crystal ball at this point and i want to ask you what do you see happening on march twenty ninth coming up as you say just a little over seventy days that's the day that the britain supposedly the e.u. what do you think will happen well i think that the vote yesterday actually made the possibility of an extension all the more possible far more possible than that was it's already being talked about in the media i was giving expert evidence in the bluntest top before the e.u. committee on monday along with other expert witnesses and it was one of the questions that was being discussed in that context and i frankly don't see how the legislation can be put in place for the u.k. to leave by the twenty ninth of march at this point time is just

here in the u.k. and they seem to be lobbying for it rather strongly not only that but we're also hearing murmurs from brussels that article fifty which is the date that britain is set to leave at the moment except for the twenty ninth of march this year it's coming out very shortly that could be extended not just for a couple of months as was previously thought but because of the scale of the political turmoil here in the u.k. over gregg's it that could be extended persons departure from the e.u. potentially until next year but you know this is the never ending story the chaos continues in the political confusion it with the briggs's and u.k. politics many things poorly with the latest from london. with reason is victory comes just twenty four hours remember the day of defeat a draft brigs that divorce agreement opposed by an overwhelming majority of fellow and p's including many conservative rebels. surprisingly have been a lot of interest in the events in westminster over the last few days particula

is much worse than the deal that the u.k. at the moment has including for example the british rebate so they think why should we be yond what we already have and they essentially a lot of them really do want to stay within the european union and there are others and they're mostly insite reserve mates own conservative party on the right of our party who think that this deal ties the u.k. much too closely to the european union and for also an indefinite time because of the so-called back start stop which clarifies the situation of northern ireland after after the withdrawal period of two years so they think the u.k. should cut lose completely and cut loose immediately and something even they shouldn't that the u.k. shouldn't pay any money to the european union without having a free trade deal so they think it's basically to favor to the e.u. and the other still wanted for the sake of the u.k. so the briggs's vote in parliament reflects a deep about leaving the european union what does it tell us about confidence and teresa maye

we're hearing from the u.k. he moment, the leaders of oriness conglomerates overall groupings, are saying this is terrible. all we need is transparency. how much is it affecting business sentiment? maria: right. again, another good point. if you remember throughout the past year, there was this idea that they make so it to the u.k. and the german automakers who were obviously not doing as great as they wanted to be right now because of trade but also because of brexit uncertainty would lobby and push angela merkel to take a softer tone. the reality is despite the warnings, despite concern, the eu 27 has put together for two years. everyone stood behind them. nobody has said anything that goes against his position or are official line from the european union. going back to business, they want to get a clear sense of what is going on p we have heard it from a number of companies. again, the long-term strategic priority, and business gets less, is to preserve the single market. the eu will not do anything that compr

also to come to the u.k. prime minister faces a vote of no confidence after she suffered the biggest parliamentary defeat in modern british history as both sides of the breaks the unite against her day. breaks it ministers of calm ministers have gone but the shambles has remained unchanged point shrilly of credibility because our government quit for. what you just call. on europe was quick to react to the outcome of the vote with some senior politicians saying the e.u. would make no further concessions another surging u.k. to clarify its plans. for the welcome just gone six pm here in moscow you watching r.t. international now will start with breaking news because four american soldiers have reportedly been killed a man bridge after an explosion rocks a crowded area in the center of the syrians. see that's according to media reports the official u.s. army twitter account confirmed casualties but didn't specify the number of those killed local media published a video of c.c.t.v. footage capturing the moment of

the e.u. potentially until next year. u.k. prime minister of tourism a has given a short statement from number ten downing street after winning a no confidence vote in parliament she emphasized her intention to deliver on the results of the two thousand and sixteen referendum to leave the you may held meetings with representatives of minority parties in parliament before her remarks and she is expected to meet with other senior government representatives as well. teresa mayes victory comes twenty four hours after a day of defeat her draft brags a divorce agreement was opposed by an overwhelming majority of her fellow m.p.'s including many conservative rebels. while surprisingly there has been plenty of interest in the events in westminster across the channel in europe spain australia and the czech republic said their governments are prepared for any type of bragg's that some other european leaders also express their readiness for anything. regarding the future relations the reserve course the possibility of further defining cer

the u.k.'s financial services sector how much more money will will be will be lost this figure came out just a few days ago from e y. and we expect at least the same amount of money to also be moved. we alone have a very clear indications that about eight hundred billion of us dollars in assets will be moved into frankfurt was going this year and what about jobs. how many are we talking about jobs being lost in london jobs being moved from london to to europe or jobs being created locally in europe. like you said there will be various ways in which jobs will be impacted the latest study which came out by iraq he said about seven thousand jobs i expected to be in two thousand and ninety eight i think that's a that's a fair assessment but first of all already before a few thousand jobs have been moved and depending on the outcome of the final results another couple of thousand jobs may or may not be moved depending on that. how would that impact people having to move from london into into contine

without a trade deal the u.k. would fall back on the rules of the world trade organization customs checks that borders would return with the likelihood of huge tailbacks on motorways leading to ports and aviation experts have warned that without e.u. air traffic regulations for flights between the u.k. and e.u. countries might be grounded come brags that day. and knock on effect of the transport chaos disruption to food supplies. the u.k. imports about thirty percent of its food from the e.u. so supermarkets could see shortages on their shelves and there is more another sector that could get into trouble banking. all credible studies have shown a significant negative impact from a no deal brags that on the u.k. economy the pound is already under severe pressure due to mounting fears that britain will crash out of the. what else health care it is estimated that britain imports about thirty seven million packets of medicine every month from the e.u. that includes cancer drugs any disruption could have serious consequ

as things stand in just two months time the u.k. will leave the european union the divorce is being viewed as a political issue but its economic impact is undeniable one industry in particular is bracing for a seismic shock london's financial services industry the square mile as it's known is the bitting heart of the u.k.'s financial services industry and its status as europe's financial capital is under threat a report published this week estimated that banks and other financial companies have shifted at least a trillion dollars worth of assets out of the country and into the european union setting up new offices in places like frankfurt joining us now via skype from leone in france is. the managing director of frankfurt mine finance good to have you with us on come. in the costs one trillion dollars worth of assets have already been moved out of the u.k. so briggs it is already having an impact on the u.k.'s financial services sector how much more money will will be will be lost this figure came out just a few days ago from e y. an

let's check, though, how the u.k. and mainly european markets are trading on the back of the u.k. te as well, and we are seeing the ftse 100 in the u.k., again, react the markets may be anticipating this outcome down about .6% on the mainland, again, very slight moves and anything minor to the upside for germany and france what about in the currency markets? we have to look at the pound sterling again, actually a change it appears as though with all the guest that is we have had over the last couple of days and weeks that the market anticipated this outcome and has set itself up for it as always, we've got the best coverage in the business for this historic time and last night's brexit vote, and we begin where it all began with a resounding defeat for the u.k. prime minister theresa may. steve sedgwick live outside the u.k. parliament with manager on what happened and what will happen >> brian, resounding is only quite a solid word, but it doesn't even go near to say the size of the defeat of mrs. may suffered last night. 118 of our own mp's, which is way more than her own wits exp

the u.k. is heading towards a no deal despite there being no agreement it scares everybody the first losers of this are the british people maybe we can improve on one or two points i don't really believe that because we went to so far as we could in the existing agreement . just in. order to try and solve a problem of british internal politics we want not defend the interests of europeans the plenary session is taking place currently in the european union parliament it's being led by people of course talking about breaks it might have been hoping that they could have been dotting the i's and crossing the t.'s on this deal today but not so it looks like it's back to the drawing board and in fact there are warnings now that a high risk deal is a very likely outcome. of a no deal has never seemed so high our goal is to avoid such a scenario but we also have a responsibility to remain cool headed which is why i wouldn't turn. to this possibility many voices are now suggesting that a second referend

is still putting out a hand to the u.k. that's not to say that every country who is a member of the e.u. feels the same. the e.u. -- the u.k. has done a good job of accepting member -- many e.u. members. there's the option of extending article 50, therefore delaying brexit, and maybe not happening at all. brent: what are our options right now? for rv viewers who may just be joining us, the deal prime minister theresa may presented rejected tonight pucci said she will come back with an alternative plan. alex: what can she really come back with within three days? brent: so what happens then? that say we are headed toward a second referendum. what would that look like and how would we get to that? alex: there would have to be agreement in parliament, legislation put forward, there would have to be a majority of mps and also in the house of lords as well to agree to that and vote on it for that to happen. brent: is there support for that right now? alex: is there support within the house of commons? yes, there is some support, b

if i'm serving across him or at the back doors and in the u.k. i'm in the front here with we have the republic of ireland so. i would probably think maybe we're in the region of thirty forty times a day cross the border. if you're joining us now this is g.w. news special coverage of the vote in the british parliament that voting is taking place right now we are about to get the results of that my colleague alex here at the big table with me i mean we're just waiting right now for the tallying right before tell us a full officials who i think will say what the result is i believe and most people are expecting to reason may to lose this fight significantly the big question is by how much will it be forty fifty eighty or could it be as high as two hundred or even more what does that matter than that much is it now the house is a lot because if she is defeated by more than two hundred five it's also a done proves that there really is no social support for her in parliament four hundred deal if it was a small of say fifty to eighty phones then she coul

have lost the u.k. rebate and be forced to pay whatever was demanded alternatively the backstop would come into force an arrangement with which there is no time limit or end point it locks britain into a deal from which it cannot leave without the agreement of the e.u. and as my friend a member of a hogan it's imperative pointed out in so many occasions this is unprecedented in british history. the last two years gives us no confidence that this government can do a deal in under two years so some points before december twenty twenty the focus would then inevitably shift from negotiations on the future relationship to negotiations on an extension to the transition period including negotiations on what further payments we should make to the european union. the vedic partnership documents say yes and i quote it can lead to a spectrum of different outcomes as well as checks and controls that doesn't show to me any clarity whatsoever in that document. and there is not even any mention of the famed frictionles

sourcing chemicals from the u.k. these sort of issues practically could create significant difficulties very quickly and of course we don't really know i mean some people are even talking about the prospect of a second referendum i mean perhaps you know even though briggs it a tool as the damage though not already been done to economic ties between european companies and the u.k. for example is this their vocal in some sense circumstances i think i'm not sure i ever irrevocable but it will certainly have mid to long term consequences in the financial services industry people have already moved jobs into the e.u. restructured businesses in order to take account of what might happen in the worst case those things are going to change overnight. and so brics it already has had an impact and even if the u.k. which is which is positional to switch is direction now for many it's already too late to change back overnight what's happened all right john hammond a lawyer at c.m.s. thanks a lot for joining us thank you well some

where the folks in the u.k. e going to be in a situation where, hey, we might not have food medicine, can't get that in. is there any way that's going to happen >> my argument, and this is, by the way, the global argument right now that i think is happening that the markets globally and the economy globally is not being threatened by any kind of a comic contraction, but by all these political riffs. in other words, the things that are driving us towards very, very bad outcomes are not rationale, and it's very, very hard to handicap politics. as you know. the anglo-saxon model seems to be turned upside down. very hard to say you assume -- the markets are basically assuming a rationale course of action, and i think that's probably the right course. cooler heads will prevail. it will come down to some kind of a deal, and the u.k. will stay within the customs union. >> you got me so scared. i'm going to start a clipper service to start importing food to the u.k. via sale if this happens. what's the likely outcome? wh

the u.k.'s prime minister to resign may says that she'll try to break the deadlock over her breaks a deal by seeking further concessions from the european union at the heart of the talks will be possible changes on a backup plan to avoid a hard border in ireland may's initial plan on how the u.k. would exit the e.u. was the fitted by historic majority in parliament last week the country is shut jule to leave the e.u. on the twenty ninth of march well those are the headlines coming up next that's counting the cost to look at the financial impact of this month's biggest stories from brakes it to the u.s. china trade or. hello i'm adrian finnegan this is counting the cost on al-jazeera a weekly look at the world of business and economics this week to resume a hangs on to chair one who breaks that deal is overwhelmingly rejected by parliament avoid crashing out of the european union without a deal. also this week currency to buy essential goods is hard to find in zimbabwe as anger after the governm

well businesses in the u.k. and continental europe are bracing themselves for tonight's a vote for stuff but intelligible expectations are filled that the prime minister's plan will be voted down hence many of the businesses are preparing for months of chaos companies have been stockpiling shifting investments and relocating jobs a vote against the agreement would make is so called heartbreaks it was unlikely leaving britain out in the cold overnight as far as trade with its most important partners is concerned news server ernst and young shows that sixty five percent of german businesses say that any kind of breaks it will be bad for the german economy still the survey of four hundred german businesses reveals that ninety two percent of them stand firmly behind brussels policy of not allowing britain to pick and choose which elements of its privileges such as free trade and wants to keep it interesting you know even though german executives believe it will be bad for the county other under a third c. major disad

what a tough day for the british prime minister the u.k. opposition leader. the. british. plan was overwhelmingly rejected by. a major brand of men's shaving products. called. how dear. presumptive presumptuous as you imply. evil by nature i completely disagree and think it's absolutely fantastic that focusing on the positives there's actually a way to generalize men being. on the positives there is actually some men out there doing the right thing. the green new deal or us project to cope with the economic and ecological issues is raising concerns among politicians and green activists themselves. in the sixteenth and eight zero zero. one am here in moscow it's already becoming a busy day for your welcome to the program. in the most important vote since the day of the referendum and twenty sixteen the parliament has overwhelmingly rejected to reserve major e.u. divorce deal the prime minister lost by a whopping margin of two hundred thirty votes it is the biggest defeat of the government in modern british history. this is the most significant for. any of us will be told th

the u.k. not ready, our resilient structures are not in place to deal with a no deal brexit. a bit more time, neither side wants there to be a no deal. here's the plan around which the majority of conservatives, mps and ministers can: us. i hope the prime minister will take it forward. anna: this sounds like recasting from scratch the brexit deal at the 11th hour. both sides are compromising. it is one of the things that has been missing from this process. certainty,give that the backstop moves to the front of the process and becomes an indefinite proposal for trade and no -- all sides commit. anna: does it have any reach across the aisle? there arewill, but people who are not sure about it. there are a lot of labor mps who know that we are not -- they want to see an agreement in place but are concerned about an extension to article 50. i hope people will look at this. can move forward to talk about the next stage. anna: you want an extension. which what you're complement -- your extension inc

so it would mean that the u.k. would would leave on w t o rules and that's interesting that that has been the pm spokesperson has said that they have not ruled but ruled out a no deal so everything is still in play here apart from it seems seems to always amaze deal because it doesn't have the support boris johnson the former foreign secretary saying this deal is dead in recent days deal is dead so she has three days to try to come up with some kind of alternative or she can answer your opinion we should have more time i should come on if she can often for more time but she's already did. she said that that she didn't want to do that and she didn't want to be a second referendum so she changed her mind before that so let's look at what i was a member and you know what what will the e.u. do what will they will that be they have to have a special summit or are they just going to leave the u.k. to try to work this out surely some point has got to go got to brussels and and go back and please please help me with this bu

inflation in the u.k. -- u.k. flation has cooled now, i want to get over to sterling as well check out how sterling as well as the broader currency markets are fairing this morning now, sterling throughout the course of the morning has been firming. right now we are seeing it up about 20 basis points to 1.2883. of course, yesterday in reaction to the vote we saw some sharp moves in sterling initially going lower in a knee jerk reaction to the result, but then rallying, and now this morning we are seeing that rally continue euro versus sterling is around that .88 number, and sterling versus the yen about 1.39. there's a look at sterling crosses for you. let's get into equity markets. this morning it was looking like a positive picture across the board. now in the last minutes of trade we have seen a downturn in ftse shares as well as dac shares looking at the ftse first. we are seeing stocks there trade down about 60 basis points remember, a lot of those export exposed stocks are reacting, in part, to the news that

citizens in the u.k. will be able to stay and to continue to access in country benefits and services on broadly the same terms as now in both a deal and a no deal scenario indeed the next phase of testing of the scheme for e.u. nationals to confirm their status has launched today and having listened to concerns from members and organizations like the three million group i can confirm today that when we roll out the scheme in full on the thirtieth of march the government will waive the application fee so that there is. so there is no. financial barriers to nationals who wish to stay. and anyone who plans all will look like during the pilot phase will have their fee reimbursed and more details about how this will work will be made available in two calls some some e.u. member states have similarly guaranteed the rights of british nationals in a no deal scenario and we will step up our efforts to ensure that they all do so. mr speaker let me briefly set out the process for the days ahead in addition to this st

the u.k.'s financial services sector how much more money will will be will be lost this figure came out just a few days ago from e y. and we expect at least the same amount of money to also be moved. we alone have a very clear indications that about eight hundred billion of us dollars in assets will be moved into frankfurt was going this year and what about jobs. how many are we talking about jobs being lost in london jobs being moved from london to to europe or jobs being created locally in europe. like you said there will be various ways in which jobs will be impacted the latest study which came out by iraq he said about seven thousand jobs i expected to be in two thousand and ninety i think that's a that's a fair assessment but first of all already before a few thousand jobs have been moved and depending on the outcome of the final results another couple of thousand jobs may or may not be moved depending on that. how would that impact people having to move from london into into continental e

the u.k. is heading towards a new deal despite there being no agreement it scares everybody the first glimpses of the british people maybe we can improve on one or two points i don't really believe that because we went as far as we could in the existing agreements but it and just in order to try and solve the problem of british internal politics we want him not to friend the interests of europeans but they found that the president of the european council suggested that the u.k. simply stay in the e.u. after may's defeat while the president of the european commission says he regrets the results and wants the u.k. to clarify what is planning to do next and other senior officials have also reacted of course if that proposal goes into direction of a more deep relationship with the european union we are ready to do so we are not against this on the on the on the country secondly. what what we don't want is that this mess in british politics is now transfer that an importance in european politics it'

one of the. u.k. prime minister faces a vote of no confidence the day after she suffered think big ifs poly venture defeated british history both sides of the break to debate. against a deal that's the scene right now in the u.k. houses of parliament. it was quick to react to the outcome of the vote some senior politicians said the e.u. would make the concessions others. clarify its plans. this is international british m.p. spent all day debating whether the government is up to the job of running the country and shortly they will vote to decide just that in a motion of no confidence it was called by the opposition let's go live and listen in to the debate in the u.k. houses of parliament the. way. i. was immaculate because looks like the debate has just finished and that means that it's. piece of falling out now to think about just where they are going to cast their vote will they support the government in which case the whole briggs it discussion will continue we don't know which direction or will the

in a customs union the whole of the u.k. with the european union but that effectively defies the purpose of bragg's it so that's why the european union the backstop really is the only insurance policy that works everything else might sound simple when dominic rob says it but if you ask for details and what it actually means nobody really has an answer to that so a commission president. has said a little earlier we're now closer to a chaotic no deal what plans to say you just the e.u. have to prevent that yes because after the votes on tuesday the no deal bragg's it remains the default option so if they don't come up with anything else an extension or a deal or something then then that's the default option that's why he's saying this and that's why the european union is preparing. smaller agreements for example for erasmus so the student exchange program or for being sure to deliver medicine to the u.k. that is needed there or keeping planes in the air between the continent and the u.k. smaller agreements for that so in case t

news been speaking with the u.k. former minister dominic rob he seemed a lot more optimistic about finding a way out of this backstop us well the idea is that we would use technology and decentralised crisis is to ensure that we respect the rules but that we don't have a hard road or an infrastructure at the border you know with the republic of ireland and michelle bonnie's very very clear that that can happen he said it could happen in a new deal soon all right so why shouldn't that be possible within two years so the question isn't whether this can be done on this question of the e.u. wanted so the bulls now in the e.u. cool and i would hope all german friends and all the u.n. european friends now grasp the opportunity to get this deal over the line so max hoffman dominic rob that makes it sound so simple even says the chief brant sadler goes signed up to the idea so why is this still a roadblock. can i just say one thing really nothing in this process has been simple the really isn't anything simpler what dominique

the u.k. use of commons. also about 15 minutes from now, the boe governor, mark carney, will testify. we will bring you his testimony live. first, let's quickly check in on the markets in our studio in london. here's nejra cehic. nejra: we are seeing a little bit of risk appetite in. equity markets. . the stoxx 600 a little bit higher in today's session. also, u.s. futures pointing higher, with the s&p 500 gaining more than 1%. cable absolutely study, doing pretty much nothing over the past two days. if you look at the closing levels, today we saw some volatility. our traders looking through what happened? are they waiting on the sidelines or are they actually just taking a bit of a positive view that from your the government will remain, we could get a softer brexit, or no bugs at oh? the euro is step -- brexit at all? the euro is steady. the 10 year treasury yield is moving up by a basis point. morgan stanley has revised down its 10 year yield target to a 235 handle. that's important. dollar-

citizens in the u.k. and of u.k. citizens within the european union after the u.k. leaves the european union that's all the withdrawal agreement which is quite legal listing the second component to the political declaration is much more skeletal and that relates to the kind of relationship that the u.k. will have with the european union after it leaves and there's a lot more wiggle room in the political declaration than there is in the drawled arrangement is the political declaration itself is quite vague one interpretation of it is that we're aiming for the kind of relationship that mrs may has and that is one where for goods there's a kind of single market arrangement with the european union for services and other products then a much looser arrangement with the european union but equally the political declaration couldn't come for solutions such as the always plus where the u.k. stays within the customs union and the single market or again something much looser like just a canada style free trade agreement so the political get declaration is very vague and quite c

will have with the u.k. look at everything else that is happening in geopolitical terms, it means th u.k.t able to actively partner with the united states on this, because london ison completelymed with the brexit negotiations and is likely to be for the foreseeable future. jane: if there is no brexit, what would that look like? >> there's a difference between no brexit and a no-deal brexit. the european court of justice ruled in december that the u.k. clhas a right to revoke ar 50, which would say that we no longer want brexit, we want to withdraw from the process. the other possibility which looks like it is still a real possibility is a no-deal brexit. if that happens, none of the arrangements your reporters set out would be in place. no guarantees for europeans in the u.k., no transition period, and the u.k. would return to e trading with topean union on wto rules. no preferential agreements in place. you would have borders in place. all the goods that were moving from the u.k. on to the continent would

there is a lot of concern that the u.k. get stuck in the backstop arrangement for northern ireland. one of the things the eu said is that the backstop is not ideal for them. this would be an emergency measure if the deal wa negotiated. the eu was prepared to begin negotiating a future tradet agreemth the u.k. right away once the withdrawal agreement is settled. eu leaders are willing to givesu as much rence as they can to the british public, but they t have their red lines in terms of the legality backstop and the resistance to reopening the entire deal at this stage. jane: what does america make of all this? far the united states ha just been watching. the u.s. government has not been playing an active role, including on the northern ireland piece. the u.s. is watching to see what this means in terms of the future tradingelationship that the u.s. will have with the u.k. if you look at everything else that is happening in geopal terms, it means the u.k. is not able to actively partner with the united stateson his, because lo

the u.k. . so britain's difficulty is always there and again it's an opportunity for ireland the reality as ireland's partition which congress occupied. the mayor brought up as bring on the border situation in the people's minds there are before there could be attacks against. drugs it is created a dangerous new context for bitter old rivalries putting the question of identity and loyalty back at the center of anglo-irish politics. jerry still ahead for you on the program canada's prime minister the death sentence imposed on a canadian man by a court in china and the sculpture that angered minority christians in israel's north and feel the debate for not just symbols in. hello there we have seen yet more rain over parts of southeastern china fairly unusual at this time of year normally this region is really quite dry you can see the area of clavicle stretching across us at the moment and that is giving some fairly significant rain some of the wettest of the weather is in the northern parts of vie

outside the u.k. parliament is a sense of matters coming to a head the increasing be vocal camps of pro and anti bracks it campaign has a making their voices heard. that a sham. this is a constitutional crisis for the u.k. pitching the government in parliament against each other and potentially pitting parliament against the people or at least against a narrow majority which voted for bracks in twenty sixteen there is disillusionment on all sides whether they betray it with this disastrous appalling withdrawal agreement which is really remain but without the power to vote or whether they betrayed by cancelling banks it if this withdrawal agreement is voted down we expect them to find some way of making sure that the people of this country do not get what they voted for a bit of reaction have been available and. just once said to me although established was a bad night man i wish we could be a citizen can be left out of this negotiation. inside the parliament chamber the prime minister's bricks and with