the uk. david cameron invited representatives of eighteen japanese firms operating in britain the meeting at his official residence. he emphasized that the uk economy is recovering and he said he greatly values the economic relationship between britain and japan his remarkable railway sector. you can expect a financial services pharmaceuticals and rita. he seemed old to best use of our success. that is of a very well. would you use it cameron has been promising to hold a referendum on whether britain should stay in the european union japanese business officials asked him to maintain the status quo as they see britain as it came way to the eu. japan's new investments in britain reached a record twelve billion dollars last year what headlines korean business next hour has another tack on the markets the as such. one major cleaning change in tokyo have this suddenly announced that they had stopped all appeals the cd is taking the stand as a security measure the teams from god suspended a claim transfers on saturday seventh do what it described as the system's glitch at the time and god said it was trying to pick an insistent i tend to see the site wen

the uk. there's still a lot of debt in the household sector. i think the supply side of the uk economy has some serious problems, which policy hasn't really addressed over the last few years. but over the next year or so, yes, i think we'll broadly maintain the pace of growth we've seen since the spring. >> yeah. you mentioned -- okay. fine for a year and a half. but if you look at the underlying problems, is that the going to be the thing that stops the bank moving on rates earlier? because there's plenty of houses now saying that they could go, you know, the end of this year. but if you've got those concerns, you wouldn't, would you? >> no. i mean, i think the outlook for monetary policy is more dovish than what the consensus is expecting and what the market is pricing in. partly because the bank of england keep telling us that, you know, whatever the intermediate thresholds, whatever the unemployment rate is doing, they're still not convinced that recovery has not taken root. and the poll signal is still dovish. so lower rates for some time and because of this huge sector debt stop,

what he will say is the uk economy still needs time. we have an issue with productivity. d some wage inflation. until we see some of that back in the economy taken up, until the time for interest rates to come up. so we probably won't see interest rates to go up, to conclude for a while, but we might get a statement later today and, of course, all eyes next week when the bank of england .and what they say on forward guidance. back to us, julia. >> thanks for that. >>> we're also facing a second morning of travel chaos getting to work because the underground strike continues. the strike will end this evening. bus cues and train caps bringing yesterday's traffic to a halt. >> we're always open for business and you're seeing that in the huge investments coming into london at the moment and nothing that i've seen in the last 24 hours is going to discourage that. of course, i apologize for the delays you've had getting into work. but 86% of our car users were able to commute as normal yesterday. and we've got almost 40% of the line going. and clearly there are lots of alternati

. >> figures now show that the uk economy is growing at its fastest rate since 2007, which is further proof that our plan is working. but there is a choice -- stick with it, or abandon a plan that is delivering a better economic future and jobs for my constituents in norwich north. would the prime minister agree that the long-term decisions we are taking matter most for the future of britain and our children? after all, who is an economic plan for if not the next generation? >> my hon. friend is absolutely right -- that should be the test of the decisions we are taking. will they secure a better future, more stability and more peace of mind for our children and grandchildren? last week, we saw the biggest number of new jobs in a quarter since records began, and this week we see the fastest growth in our economy for six years. there should be absolutely no complacency. the job is nowhere near complete, but if we stick to our long-term economic plan we can see our country rise and our people rise, too. >> ed. milliband. >> all sides of the house will welcome the government's significant

the uk and that is something that we need to look at. but i think it's a great thing that ireland has a good opening -- for the economy. so does the uk.t's why we have seen our guide yaps for uk go up opinion number one in europe for direct investment. we've had more investment from china in the last 18 months than we've had in the previous 30 years combined. so i think both ireland and the uk are on the right path in that sense. >> the double irish and the dutch sandwich, you want to see other countries get rid of that tax regime, don't you? >> well, i think the country has to look at making sure that people are being taxed in one jurisdiction and the right jurisdiction. i think that's the issue. i'm not going to talk about individual tax regime. i think it's good that ireland creates a welcoming economy. but we need to make sure that it's billions of pounds of value are being created in the country, it is right the company should pay some tax to recognize that. >> is this something that is a key issue back home? >> the united states is one of the largest, most competitive economies in the world and is very attractive for tax on cert

had aernor mark carney clear message on the state of the uk's economy and interest rates during his first sunday morning tv appearance in the u.k. manus cranny is here. forward guidance, we knew that already. it is forward. >> it is phase two. jobs, wages, household, spending, they have got to rise before the threat of higher rates comes down the pike. economy, thereur is a world that exists beyond the perimeter of zone one or two. zone.beyond the london there is a united kingdom of great britain and northern ireland. >> what we are seeing is that there is a very big -- there are very big forces operating out. -- now. the finishing off of repairing the financial system, all of those forces conspire to keep that level of interest rates down. people should understand that. >> governor carney speaking with andrew marr. the sunday show is an important political debate. it is about messaging to the real economy. i think what carney wants to get across is notes like reddit suites. -- credit suisse. what he wants to convey is that there is latitude in terms of what we have got to do with rates.

>> lloyd's bank, great play on recovery in the uk economy. this morning, of course, we've seen a further positive revision in the economic outlook. the housing market recovers in the uk, that's going to benefit lloyd's as the largest provider of mortgages in the uk. >> interesting. john, great to have you on. >>> copper production, the biggest earner, jumped 26%. joining us from hong kong is andrew dale, division director at mcquarry securities. thanks for joining us, andrew. production is up, but we have seen, of course, copper prices under pressure. how is that feeding back in? >> yeah, look, i mean, the story on glencore here is really very much volume driven. the price itself has been i would say pretty resilient in the back drop of some uncertainty on the supply side. so i'm actually a little bit more constructive on the surprise and i think they're able to generate good returns here. maybe on a near term basis, the price could have a bit of downside risk. we do like the copper market is glencore is very well positioned in that space whe

the data, a read into three/four of the uk's economy. .3 is a nice number, the data misses and the trade has punished the pound. >> thank you so much. m kohl's bill gross says china's economic growth poses the largest risk for markets, calling china the mystery meat, baloney, for americans. let's get to neil mackinnon of vtb capital. we have had this correction, 3 trillion dollars wiped off. people saying it is because of china, said concerns, emerging markets. then you have economists saying they are more worried about the eurozone than china. some say they are more worried about china. what is your take? >> plenty to be worried about, a aree list of things that worrying investors. you mentioned china and bill gross's comments. is not issue for china the gdp numbers or the growth or slowing down of the economy. everyone understands long-term challenges involved in implementing the structural therms in the aftermath of said plan of last november, transitioning away from the investment led model that has created capital misallocation and a

the uk. we're interested in the growth, we're interested in when the bank of england is going to have to raise rates. that's our focus. our bias is that the uk economy is causing a real head of steam and the bank of england is going to -- people are going to be looking to the bank of england to do something about -- >> something? >> actually raise rates. >> well, that's an interesting -- when? >> i mean, i think it's probably -- you know, we're probably -- most people think it's probably the end of the year. but it's really the prospect. i think it's just this recovery in the uk. it's really the speed. there is a lot of slack in the economy. >> there's no wage inflation, though. and we're still, what, wage inflation is still over 0.2%. there's still a squeeze auto real take home pay. >> that's the key, really. i think that's the key story. when wages turn, it's not just in the uk. look at the u.s., when wages turn, that's when the world changes. there's a lot of slack in the uk recovery. >> i mean, didn't we bake an awful lot in the cake with that -- at that exchange rate? >> i think so, yeah. i mean, i think you've got to keep knit perspective. but

the story live from tokyo. >> hi. uk treasury secretary jack lew sent a letter to the g-20 for this weekend. in it, he said japan's economyas been largely driven by domestic demand over the last two years, but the outlook for domestic demand has clouded. government figures released earlier this week show japan's economy growing at an annualized rate between 1%, which was lower than expectations. growth of consumer spending was a mere 0.5%. the u.s. secretary also said in the letter that he looked forward to hearing about japan's plans for economic reforms to boost domestic demand. now, with the tax hike looming and public spending taking a breather, focus will be on whether businesses are willing to become more proactive with their spending, including raising wages. and that's all from nikkei business report. back to you. >> thank you so much for that. meantime, let's give you a look at what's on the agenda for tomorrow. hsbc raising its flash china reading for february. japan reports january trade figures while leighton and fairfax are among the top releases. >>> and a momentous day for families in north and south korea

. >> we keep hear that the uk economy is outperforming its beer peers by a wide margin.s that seen in consumer behavior and consumer willingness b to part with their cash? >> i think it is. if you look at big durable sales, car sales in the uk have held up far better than anything on the continent. it's a very big item that a consumer is showing some confidence by perking up in buying. clearly, the uk consumer is more confidence. and the fact is wage pressure -- inflation has grown faster than wages have. but that gab is narrowing and more and more people are in employment. so i can that's helping. >> let's talk about luxury for a moment. kerring has posted a drop in profits after being dropped by restructuring charges. flagship brand gucci saw sales fall further during the fourth quarter. we'll hear from the ceo of kering on those results later on in the show. the gap between luxury and nonluxury was very wide at one point during the financial crisis, even though the top end brand was holding up relatively well. how is the environment now when you look at the discount b

and maybe that's telling us that the uk economy, the world economy is not quite yet strong enough to shoulder a ten-year treasury yields of 3% or higher. so one of the big surprises this year may be that the ten-year treasury yields averages something less than 3%. especially yet the labor market doesn't strengthen enough to provide us with something more substantial in terms of income growth. >> steve, can i interject one point here? i think questioning where you put your money is the right question. and right now, it's very difficult to see what the future is going to look like. so a lot of people tell you they have a crystal ball, they know what stocks are going to do. history has taught us that the experts are wrong more often than are right. so we firmly believe in diversification. commodities are an important part of the portfolio. you think about what is a reasonable inflation hedge? agriculture is a much better inflation hedge than gold, which is a surprise to people. >> why am i -- inflation right now? that seems like the least worry that i have out there. >> is it? look at

we had some good news for the uk economy. construction pmi is coming in at 64.6, so expect it at 62.1 in december, the strongest since august 2007. a bit of construction in the housing boom still in the uk. just three sectors that are up this morning, insurance, utilities and banks, autos, chemicals. banks are being driven higher by this stock. ubs today jumping on the open, up 5.6% as you can see after a swiss bank posted a bigger than expected fourth quarter profit of around 917 million swiss francs. most analysts pleased by a better performance at the investment bank, as well. and the ceo speaking, as well, this morning saying they are nulling, also using staff allowances to meet eu rules. remember, eu rules suggest some bankers can only be paid or suggest they say you can only be paid twice your salary in terms of a bonus. a lot of the banks are trying to figure out ways to get around it. bp today down 1.5%. they came out with figures, as well. not great, as expected following the likes of shell and exxon, as well. so a lo

independence it will then the scottish economy can function happily and well with the oil revenues. that is partly way david cameron went to aberdeen to present this to the ukbe if you like say there will be more more out of the north sea for scott-land and everyone else so they can support what is needed there. >> reporter: the treasury pointed out tax revenues have fallen from previous years and the economy should be able to absorb absorb the utility but scottland cannot. >> unfairly lowest in the few decades left of north sea oil is still in the sea. the value of this stuff is usually placed around a trillion pounds if you take the total amount of oil and dig all the oil up. that is one part of it and scottland faces a need to get away from dependency on fossil fuels and in the case of scottland this is more urgent but they are a leader relative to the rest of the uk with renewal energy and wind farms all around the coastlines and plants and extension over the next few years and that is the same kind of situation the rest of us case and need to get away from fossil fuels like oil, like gas. >> reporter: a lot of focus on how scottland's economy will go w

fury has more from london on the changes affecting students workers and families the economy market. reported from gonna take the podium today should integrate into the uk. the shop's owner margaret came to london from qana more than fourteen yucatan. it is changing now like margaret the majority of migrants from gonna ninety real africa. a working studying. but for many in africa and the choice of coming to the uk is no number an option. the blood of christ to cut net migration from hundreds of thousands of tens of thousands which is that the much hyped integration or making it a lot of bother the people from places like africa to come to the uk. so what to study everything of the farm skills needed for working bee this week in tomorrow's there are a few nasty little girl quantify. and then a dramatic change is to find the migration north. and then in the income requirement of thirty thousand dollars a year the fifty percent of the british walk in population from bringing in non european alps to live with them. legal challenges are underweight. with the british high court already criticizing the family migration rules aren't justified and disproportion

as the country's economy slows after years of growth, they look to a japanese businessman to help them cope. >>> there's a storm hovering over the uk clocking strong winds. our meteorologist robert speta is here with more. robert? >> gene, let's actually start right off by showing you video coming out of western portions of the uk here. let's roll that, of these hurricane-force winds that were hitting there. winds up to about 120, gusting up to 160 kilometers per hour at times. this is destructive weather. about 20,000 homes have lost power. you can see stuff being blown about here. unfortunately it's not just the winds we're looking at, but the rainfall. that does look like you're going to be expecting more of it through the coming days. just one storm after another. the same wther pattern has been setting up. this one that just moved through bringing all the damage you've seen, it's moving towards the northeast. i would love to say it's going to be quiet, look at this here in the dark blue, that's coming in from the west. that's yet another system that could bring gusts up to 160 kilometers per hour. we're talking about a coastal

the global economy. you concentrate more on rte. the she now seems not so good to have you witnessed senior security officials and the uk estimates more than two hundred british based on this one to find a version of the shots on the celiac have retired. i'm not as a significant threats oc sad path takes up the sky clause eight seats consent i hear amongst the us securities that this is the police have said that they'd made a number of the rectum and loafing situation place the needle jack has sold its sixty no effort in ways that people have been retired by the irony here of course that it is that he added that his government. i will be if that is incidentally the state at the transition. i'm taking is supplying only relates to the baboons. i think technically they are all the things i need to add feeds the hottest team of placing the fact is he going with this life is to add to it pays to hide the second sunday of course if it's as if it's like ten if the fee of heights if capital is not at the fifty fifth in the city two innings at these weeks that the real why is it the beefy lost that fight with them again. the skills i've had it

much one would actually solve your problems in uk twenty billion euro zone he said is not really enough but i'm looking in there at the state of their economy how much we actually need. ok while to take the numbers are the very quickly. instantaneously they need details of lights it's not cost billion dollars this year in government debt over the course of the next eighteen months they probably have to repay a boy fifteen billion dollars of government debt. i call my spine. this morning independently verified that there is at least one billion dollars in debt to russia for gossip life. it could be as high as three billion dollars is owed at the moment. the overall budget deficit the amount of money the ukrainian government spending which people somehow is also played six bach op billion dollars up about the fact that all this the russia house already about three billion dollars into the kitty all the fifteen billion dollar program at michigan state where very very rapidly upper on the fifteen billion on field number for the ukrainian economy planting is at hand during military. the sad part about camping and i mean you said the russians are

the uk. >>> and also aaron is here. how times have changed in india. >>> david, you know asia's third largest economy was once seen as a rising economic star with growth in double digits. india's economy has plummeted in recent years. we go to mumbai to see what can get india's star shining again. >>> welcome to the program. it's midday here in london, 7:00 a.m. in washington, 2:00 p.m. in the capital of ukraine's autonomous region of crimea. the question is this. who is taking control of that region? armed militia have moved into the civilian airport in simferopol. ukraine's interior minister says they are russian and this is an invasion. the government has called on the u.n. security council to hold a special session on the situation in the country. they will speak to our correspondent. and both kiev and moscow for the the latest on those. >>reporter: unsettling images for the new authorities in the ukrainian capital kiev and also for many more looking anxiously in the world. armed men on guard in crimea with its ethnic russian majority. in uniform without identifying markings. pro-russian, no doubt. but is there any

there is the biggest economy in europe they have the skill the armed forces they have the capacity time and either germany needs to to move in with the uk germany and korea you can beat you down on the recliner. you know we are facing a new window in which we are living in transnational. and the name of the teams that we have to fight and i stayed to fight these terrorists. because that's moving very fast even in dallas suburbs with the links you see how many children in an all french citizens british citizens band of citizens go to ski area when the going out so we haven't really had to get too wet to visit and it happens it happens we went to a reason americans we went to the regions. we went was not as intelligence services and that brings up another point is if you too. and appointed by the french foreign minister back in november of that off of you saying that um he criticized the us open over its newfound would be to seek its call isolationism to the u s units is no longer seems to want to let itself get drawn into crises that no longer correspond to a new vision of its national interest because of its strength. it's plain and sim

generators so this one's already affecting the economy as well but as i mentioned yet another hurricane consistent to be on the way so slight unknown break for a people in the uk and parts of the band can in fact innocent of these two sentences passed in germany a spud guns will be up to hundred and thirty kilometers per hour and the way is up to seventy meters high anywhere cause i am and that is. and this powerful storm system will be down to about nine hundred and forty had to pause stop and be uploaded when coming in for saturday staple that the one to the skies cool indoor outdoor activities for the weekend and think it will be remaining at but to the flip side of the continent in making at the sky and temperatures like mild and nice in the senate seat where the opening ceremony for them it takes is on a plane today and said theres not really bad for afghans and the spectators to be lining up for the events today partly sunny skies their spawn. now across it and well we are going to be in bracing for a us announced on here in the country or region that includes a token metropolitan area as well be of a buried in the lead to no pressure system over south w

what's really happening to the global economy for a no holds barred look at the global financial headlines to name two kinds of reports on our. faces. welcome back across the uk where all things are considered i'm peter lavelle to remind you we're discussing recent developments in ukraine. ok and i'd like to ariel in washington how do you frank reflect upon that leaked tape with victoria nuland because it really you know you connect the dots right here she's made a huge investment for a regime change of one form or another or have a regime friendly to brussels in washington no matter how you want to look at it it's regime change here how do you look at that went to playing out on the streets right now i mean if this is what her investment was all about is a bring the city and i love here it's a beautiful beautiful city and you know what it looks it looks really awful right now and even dangerous i mean this is what american money is bringing bringing democracy to ukraine destroying its capital for us to all first of all victoria nuland did not make a five billion dollar investment in ukraine that's rubbish second of all let's talk about russia's russia's inve

of a political football but everybody agrees as the economy recovers it should be possible to restore that value. >> mohamad as a guard who lived in the uk for four years was recently convicted and sentenced to death in pakistan. he was diagnosed with paranoid schizophrenia in 2010 and treated in edinburgh but the judges refused to take that into account. the foreign secretary yesterday, now to assure me that the minister will take everything they can to support this man can't see him returned to the u.k. where he can get the treatment he needs it? >> i can give the hon. lady the assurance she asked for. i am deeply concerned about this debt sentence passed on mr. muhammed ended the longstanding policy to oppose the death penalty in all circumstances. the pakistani authorities, the seriousness with which we view these developments, the chief minister on monday, high commissioner continues to raise this case with the relevant authorities, officials are meeting pakistani high commission officials in london as they discuss this and other cases. we take this extremely seriously and we are making that clear at every level. >> delivering the d

iraq un uk inspections and the late andy ryan expects the us european union and united nations to protect the national economic sanctions. linking to an ongoing file respondent or not the economy in vienna oddly though that catherine ashton the hand them a moment of i'm sorry just wrapped up in joint press conference the events that some of the details. the lead was only a five minute briefing to give us a summary of what they've established over the last at two and half really good days of talks and we really did accomplish what they set out to accomplish in that is to establish the framework by which they will then follow in future negotiations catherine ashton i did say that the talks were very productive but also acknowledged that there is a lot of work to do it won't be easy but they were that were off to a good start. she also did say that they did identify all the issues that needed to be addressed on a timetable was then set out up for the next four months and what we did get to set the technical experts will be meeting in early march. and then we will have the directors in the delegations again back here in siena up for a march seventeen for the next round of talks to

uk and the u.s. will lead a robust exchange. >> the u.s. has a history of pulling together in a hardship. that is as true as ever. >> well, i'm glad the economy is doing better than the sports teams. they have only one one gold medal. one gold, but you know, how many golds have either one of us won. i will not play judgment. hopefully the u.s. men will get gold. yesterday we talked about the americans thriller. tj oshie was the hero. today team usa picked up where they left off. it was still kessel's turp to shine, becoming the first american in a decade to score a hat-trick in a tournament. he led the team past slough aprilia. ryan miller making his first start of a game. the w gives the americans an automatic spot. they'll mace the winner between the chubb lick on monday. we see it has a tendency to turn athletes into superstars. ask tj oshie, after his dom innocence in the team usa shoot-out. the 27-year-old is six meals from the cap aidan -- canadian border. >> this is called hockey town usa, warode produced seven medallists. as you learn from banners and signs, tj oshie and gg marvin are in sochi now. a big thin for a town with fewer tha

economy. >> thanks very much for joining us. mitch, thank you to you as well with your thoughts on netflix and your new venture "quarterly." we want to bring in simon hobbs in the ukw does it look? >> i think it's important to mission that the european commission raised the growth estimate for the year. overall the economy, the european economy grew by 1.2% because they're upgrading spain from 1%. though italy will be lack at 0.6%. overall europe not really going anywhere. i mean, there is a concern about china. don't forget that overnight shanghai fell by 4%. there's a knee-jerk knock on europe today to the miners as you can see, though. that said, they are off their lows. still the height of the earning season in europe. the world's largest dialysis operator warning the operator here in the united states will have lower reimbursement rates under medicare an uncertainties over iv supply will affect it. and the possibility according to reuters that might be about to bid for medical nutrition unit which might be why they're marked over. trouble over in the french telecom sector. not giving much clarity on returning cash to shareholders because of this guy, illiad t

uk rates move? >> we're expecting the rates will have to rise from the first quarter of next year. we think they can stay on hold for this year. there still seems to be slack in the economyhink that the unemployment rate will continue to decline. but at a slower pace than it has over the last six months. nevertheless, if you look at what the bank of england is concerned about. it measures stock really by the labor market still. even though it's using a broader range of labor market indicators. we think by the beginnings of next year, the monetary policy committee is going to be concerned that over the medium term, inflation pressures will start to build. so that's not to say that inflation will be rising at that point. we think inflation is going to stay around the 2% level over the next couple of years. but the mpc we feel they'll have to withdraw some of that stimulus by early next year. >> sarah, thank you. nice to see you. sarah hewin joining us. and the final thoughts from guy. are you more interested in ftse 250 than ftse 100? to play that or not? >> well, a lot is made of the very international focus of the ftse 100 and supposedly more domestic focus of the 250. b