the u.k.? the polling is in two weeks, and scottish publish been is divided. >> reporter: will scotland be an independent country? we'll know in seven days when 4 million voters will go to the polls to choose yes or nor. alex salmond, the first minister, leads the crusade for the yes campaign. >> few societies anywhere secured this opportunity to vote themselves into independents. this is an opportunity peacefully at the ballot box in a process agreed and consented. it's an opportunity which may not come our way again. >> alastair darling, head of the better together campaign argues for keeping the status quo. >> we do not need to divide the islands into separate states to assert scottish identity. we can have the best world with more decisions taken in scotland, backed up with the strength and security provided by the u.k. >> according to the bbc, throughout 2013, better together moved in the polls by an estimated 50% to 33%. now the gap has dramatically narrowed. 52% of voters want to stay w

the u.k. and become an independent country. the brookings institution discussed the pros and cons of the referendum and perceptions from scottish voters, the u.s., and the u.k.. this is 90 minutes. >> ladies and gentlemen, i want to welcome you to one of our first event in our revamped brookings conference space. i am thrilled that the microphone works. it seems fitting to inaugurate our new facility with the big question of certainly next week, the prevent -- potential revamping of the united kingdom. if the referendum moves to a yes vote, the renovation will be an overhaul to a system that we have known for 300 years, and many of us here on the panel are a product of. we are delighted to welcome to colleagues that have come in from edinburg to be with us. both are from the university of edinburgh who have been spearheading a major study of the implications of the referendum and of what will happen after september 18. this has been a huge study and this has been symbolic of the whole debate a

the u.k., the future of the u.k. and scotland. if you typed that into google, you will find us. what we are looking at is the big question, should scotland be an independent country, yes or no? that is what voters will have before the next week as they enter the polling booths. decision bymentous any standard, a decision that could end what has been generally seen as the one of the most successful unions of nations in world history, and if we do ended, there will be immense domestic and international implications. so quite rightly, the eyes of the world are on scotland. we will have in scotland by the end of the weekend some 400 camera crews in edinburgh. thousands of print journalists covering the events of the next week which is quite extraordinary. what they will see is a nation exploring its right to self-determination with great seriousness. 4.3 million scots have registered to vote in the referendum. that is 97% of the eligible electorate, which is utterly unprecedented. we expect on tha

the u.k. and become an independent country. a referendum vote takes place on thursday, september 18th. panelists at the brookings institution discuss the pros and cons of the referendum and perceptions from scottish voters, the u.s., and the u.k. this is 90 minutes. >> ladies and gentlemen, i welcome all here today to actually one of the very first events in our new, revamped brookings conference space. i'm actually thrilled now that i put the microphone on that it actually works. it seems very fitting to inaugurate our new facility, revamped facilities with the big question of certainly next week which is the potential revamping of the united kingdom and many people would like that to be happening and what simply is the referendum in scotland as it moves toward a yes vote, the renovation, it will be a complete overhaul of the system we've all known for a good 300 -- we are th absolutely delighted to welcome two colleagues who flown in under their own steam from edinburgh to be with us. arlie

the u.k. government but also by the cross party campaign better together, we have had an essentially negative message, a message which is all about risk, uncertainty, loss, you will be worse off, and the refusal to accept some of the ideas the scottish government would like to pursue if scotland became independent, including various forms of partnership with the rest of the u.k. to quote, several figures on the no side, it is not going to happen. what we've seen now is quite a dismal vision. dismal in terms of content. it's all going to go terribly wrong. dismal in terms, also, of presentation. i think there's been a certain level of difficulty in getting the message across. i think that message of risk and loss has shown a diminishing return. it's lost its impact. i think that's one of the reasons why it on this graph you see a falling support for the no side. what we're seeing now is a big echo of those concerns from the private sector, from finance and other areas of industry. today's u.s.

u.k.'s labour party gets to work. hear from the shadow chancellor of the exchequer. good morning to our viewers in europe. good evening to those in asia. a warm welcome to those waking up in the united states. i'm guy johnson. this is "the pulse." exclusivebloomberg with the world's youngest central bank. withll be live with ahead -- the head of the national bank of georgia. four tesco executives have been asked to step aside. month after than a a profit warning at the company. there is an accounting investigation. externals are coming in and looking at the statements. there was more his caroline hyde -- here with more is caroline hyde. >> messy, messy, messy. is how muchpounds the first-half profit has been overstated. we understand this overstatement of profit is linked to the income from suppliers. they are going to dig into the business. to be making an independent, comprehensive review. they have lawyers involved. they are delaying the statement to the first-half to october the 23rd.

the u.k. prime minister says regions will now get extra powers. the relief rally. european stocks rise to the highest level in more than six years. good morning and welcome. you are watching "the pulse." we are here in london. i am guy johnson. lots of things to talk about today including alibaba's big debut. shares begin trading on the new york stock exchange today. is that investment worth the risk? that is the big story, not our biggest story because our biggest story is what is happening in scotland. this morning, prime minister david cameron is promising sweeping changes on how the uk's government -- the u.k. is governed after scotland voted to stay as part of the united kingdom. -- cameron says he will deliver on devolution's. the u.k. must be able to vote on issues that affect them. >> i have long believed that a crucial part missing from this discussion is england. we have heard the voice of scotland and now the voices of england must also be heard. >> we are covering all the angles on

turning briefly to the u.k. economy, i'm really pleased with the predictions from last year that the u.k. had finally decided to shake off the economic gloom have room to correct. the coalition government should be commended for sticking to the painful but essential program of deficit reduction. allow me to begin with a few words of the unmistakable good news about the state of the nation's economy. we have finally found our way back to the kind of economic growth figures we were seeing pre-crisis. october output is now greater than it was in 2008. gdp grew by 1.7% and we forecast 3% for this year. confidence is rising. the level of investment is increasing. the labor market is growing strongly and output across most sectors is up. scotland's economy is also showing welcome signs of growth. employment figures remain strong particularly in the private sector and output on scotland services sector is also increasing. yet, there are significant economic challenges for the whole of the u.k. which threaten to undermi

u.k. >> the people of scotland have spoken. and it is a clear result. they have kept our country of four nations toot. -- four nations together. >>> hello, i'm darren jordan with the world news. also ahead, ebola declared a threat to world security as sierra leone begins a 3-day lockdown. >> international flights are cancelled as rebel fighters advance into the capital. >>> welcome to the programme. voters in scotland have rejected independence and chosen to stay as part of the u.k. it meant the end of a 300-year-old union between scotland and the rest of the u.k. scotland's alex salmond admitted defeat but called on greater powers to be delivered to scotland. david cameron said it was a clear win for the no campaign. >> let us also remember why it was right to ask the definitive question - yes or no. because now the debate has been settled for a general aches, or as alex salmond as said, perhaps for a lift. there can be no disputes, no re-runs, we have heard the settled will of the scotti

the remaining u.k.ather this storm. it won't be nice and they don't want it but they will weather the storm. i think scots land will become a backwater and that is a shame. >> look forward, you can't help but think about what happens with the relationship and the e.u. you can't help but expend the arguments. we talked a little bit about how business seems to be more proactive. how business needs to get involved earlier. talk to me a little bit about what yesterday meant. yesterday i felt was a really big day. >> and me. it is interesting. it has sort of been glossed over and lost in the noise over the referendum in scotland, but it is a huge day. they appointed a brit in charge of basically running the financial industry to have e.u.. >> it doesn't get better than that. >> it can't get better than that and also they have also made him, lord hill, responsible to two nonfrenchmen. not two as southern european. the fin resigns on the basis of i want to do this job and build n e-u. that will endure. this is

the referendum for the u.k..cuse for businesses to pause investments. >> that is two years away. predicated on the sense -- possibility that you get a tory win. this is about politics, isn't it? is this going to reshape the momentum behind the next british election? this has opened up the voters minds. it has become a very nationalistic environment. the u.k. party will be taken some lessons from what they have done north of the border. we are going to see a revival -- we have seen in other parts of europe -- nationalist politics more at the four. >> what about spain? others were questioning about countries with areas that might seek independence. has the spanish market been affected? brave decisione and allowing a scottish voters to have the call. willuestion is wearable -- other geographies be as brave? >> you are saying clarity is a good thing. you have the fast track to give them more powers. what about lloyd's and rbs? the risk will remain. rbs or lloyd will costs a billion pound. will that still happen? it i

how govern a bull is the u.k. going to be? rnable is the u.k. going to be? >> the u.k. has had the lecture he of always having one party in control. we had a coalition in the 70's briefly but we haven't done really -- brilliantly having one party run it. , they havemany really had one party. look at what the german economy -- achieved by consensus. we would take the german model on that basis. although we will see no clear leadership, when you look at the countries in europe they are in a similar boat. maybe you take the best ideas from the parties and say we will work with that. infighting and you get a more rational base for investors. if it happens in the u.k. you may move away from this boom in happens when new parties replace old governments. referendum hold such a threat? is it may be more fearful of changing the status quo? >> we have a long time to go -- 2017.17 area the economy looks in big treble and sooner or later germany will have to say are they going to save the french or save europe? we get closer to 2017 we will see if europe remains sustainable in its

coming up, the u.k.d -- we will tell you how the country cap into its number one -- we are talking beer. ♪ >> welcome back, i am mark barton. do join us on twitter. please. >> i think is just a campaign by you. >> we want you to be part of the conversation. anything you like, anything you don't like. we are sure to please and have intelligent the date and we want dayo be part of that -- four of my twitter. >> day for. >> i wanted to talk about the bond villain in the spy who loved me. lovely picture of him. he was a picture with the scary teeth. nd was my first on -- bo henchman i was scared of. film i wasond properly aware of. he died overnight. very sad. >> taking trips on -- carry-ons. >> you go first and then i will do mine. >> i was going to talk about your. -- beer. the u.k. now has more breweries per head of population than any other country. they seem to be proud of this. this is data from the good beer guide. guide to significant real ale among young drinkers. there is now one brewery for every

the u.k., and its place in the wider world. >> the landscape painted by the unionists, no to independence campaign runs as follows, that scotland relies on membership of the u.k. for trade, as it would struggle not being able to share the u.k. pound or set up the institutions of state that the new country means. and that scottish and english cultures are interwoven, that the individual parts are less than the sum of them. >> but as the months of campaigning have gone on. the yes to independence campaign made huge inroads into all that. most scots see themselves as more scott ib and british. the u.k. ruled by the money classes and the political elite, which lost popular respect, cannot answer to the wishes of the scottish people with a different set of opinions. the question should scotland be an independent part of the country. do you stick with what you know, or do you take control of your own history with all the risks that that may brick. >> what is the situation? >> results are coming in t

and the u.k. is better off with scotland in it. this is the most important choice the people of scotland betweenr make, a choice the opportunity and security of staying in the u.k. or leaving forever without the pound, without influence in the world . with scotland in the u.k., we have a great future together in the united kingdom. 2012,her speaker, since my right honorable friend and i have been supporting the policy of the government not to offer devo max as a consolation prize in the event of a no vote. if this is no longer the policy of the government, when and why did it change? what opportunity has there been for this house to express its view? >> it has been the policy of the government to be open to further devolution. i gave examples of what we have done in wales during the lifetime of this government. the statement by the party leader made in the last few days our statements by party leaders in a campaign, not a statement of government policy today, but a statement of commitment from the three main political parties , i c

u.k.rime minister david cameron has returned to scotland attempting to save the union and prevent a bigger redraw drink of the political map. he gave a speech. >> the nationalists want to funding on pension and health care, u.k. funded and protection on national security. these are the facts, this is what would happen and end to the things we share together. and the people of scotland must know these facts before they make this once and for all decision. not to scareces is monger but warning a friend of about a decision they might take that would affect the rest of their lives and the lives of their children. >> the independence of leader countered the prime minister saying that the next time david cameron comes to scotland, it will not to be to engage in last-minute scaremongering but to follow a yes vote for referendum talks in the best interest of the people of scotland and the rest of the u.k. david cameron talking about what ofcalls the illusory dream independence. the second dutch ja

the threat faced by the u.k.different in many ways that we don't have to list here, than the threat faced by the u.s. we're talking about potential military action here which by the way cameron also addressed in this speech just now. so the u.s. going to react based on some kind of p.r. pressure when we're dealing with something so serious? no, absolutely not. but is there pressure to appear in control and on top of things and taking this seriously? sure, carol. >> i know, because i was just talking to ben and mark lamont hill, it's kind of embarrassing because our lawmakers and the president are nowhere to be found. david cameron is talking to parliament and they are putting his feet to the fire. >> i think part of what you saw of that poll number that we saw up there. there's a lot of people saying president obama are you going to come out and talk in a tough way toward isis or are they going to be able to continue with being successful with us being timid and pulling back? david cameron, there's no doubt that

u.k. the u.k. futures are pretty much dead flat. headline risk is what you have to look at. we have got that independence referendum really going to take the headlines. markether it is the bond or the stock market, we are going to keep close attention this morning. the ftse 100 seems to be slightly lower at the moment. we are waiting to see how the market continues to react. the are pleading with investor base and the voters. this is going to be difficult. the market is cautious. we are seeing growing cost rising for the united kingdom. many are thinking if we do see a thursday we could to anrrowing costs lead eight-month high. burrowing is going to become higher. a are losing 9% of their economy. costs going into germany as well. 1%. let's haveve a look at currencies. this is a site for sore eyes. we are looking at the pound versus the dollar. we are off by a third of a percentage point. if you look at the past month, down 3%. many having to work out how that would happen. we are less lik

the u.k. will consider a further devaluation of powers. . >> why an independent scotland and why now? >> i think people all across the u.k. are pretty fed up with the kind of broken political system, the fact that we have geremy on the tele member with us who is live member, for life appointed by the prime minister of this country. we have one of most undemocratic systems in the world. it's that system that has made britain the most unequal count country, and it's the right winged brand of economics that we want to get away from. huge numbers of people in scotland by that send ha want more. >> don't political pendulums swing back and forth leaving the country you've been a part of for 300 years because you don't like the current system of government in westminster? >> i think it's not just the conservative party, as you say. if that was the case, the party presided over a massive increase in this country, and more and more people in scotland as across the country, as across the u.k. realize th

we revamped u.k. we had huge increases in china and indiana and brazil and everybody of all businesses must join in making that happen by 2020. >> mr. speaker, my right hon. friend the prime minister, deputy prime minister and leader of the opposition are rightly campaigning today for the future of our union. on a daily basis in my constituency i see the strong family and business links between my local airports and scottish airports. does my right hon. friend, the leader of the house agree with me that our great kingdom is better together as united written? and i say that as somebody with proud scottish ancestors. >> i absolutely agree with my right hon. friend and what he can seek at airports and what we all experience around other parts of england and wales are good example of his point. two thirds of scottish exports are exported to the rest of the united kingdom. twice for the rest of the world put together. why would anyone choose to place an international border where those exports are going an

just to bring you up to date, u.k.secutors claim alstom paid 6.6 million euros in bribes over six years for transport contracts. the unit was charged for corruption in july and allegedly india, poland, and tunisia. prosecuted they could face a ban in the european union. begin as early as next month. the brand is owned by jab, which could sell its stake. to be chu has a valuation of $1 billion. facebook's valuation is the 22nd largest company in the world and toyota.on shares have risen more than 9% since the end of to live. betting thee company will continue to capitalize on the future of mobile. another company hoping to do that is twitter. consumers can purchase directly from tweeps. twitter is partnering with a cardny to save credit information. it is the first part of a long strategy. another tech company we will talk about today is apple. apple is flirting with a record high. investors anticipate a hot new lineup of devices from tim cook, including an update to their flagship phone. we take a look at the first sev

if the u.k.ants to play hardball and not give any assets, including the support find the financial system is unlikely i would say. scotland could say we will not take any of your debt. that is not a bad position to be in. >> is colin doesn't take the -- if scotland doesn't take the debt, the u.k. would take it? what does that mean for the u.k. without scotland? numbers areark scotland is about 10% of the u.k. gdp. if there is a yes vote, be 10%ically it would less gdp for the u.k. the ratios would deteriorate. be an extra burden for the u.k. an interim process if you like. initially negative. we have got the underlying trajectory of the public debt. would start to fall anyway over the next five years. >> good the markets be hit too hard? -- could the markets be hit too hard? >> it is in improving story. we have got to add scotland on to that. even with the negative, it is not sufficient to lead to a downgrade for the u.k. that andl talk about hear more from the fed actors today meeting and the mi

that's what the u.k. parties are looking at. >> do you think the referendum has been put to bed or will this come up again? >> the margin is interesting. we have 55 but we also have 45% in favor of independence, which is a high figure. during the campaign the yes camp said quite clearly that we wouldn't have another referendum. once in a generation event. you can interpret what once in a generation means. we won't see the referendum in the future. >> thanks very much for being with us. that is the big question that hangs over scotland today. the political leaders all promising to move things very quickly forward but everybody wants to know exactly what extra powers are going to be given to the scottish parliament behind me. >> reporter: here at the very heart of westminster high up on the walls, four saints offer a reminder that this parliament represents all four corners of the u.k. a united kingdom still but perhaps a little bruised. >> the relationship with scotland will take quite a bit of repairing b

know, the u.k. government and the main opposition labor party has said, the government and the main opposition has said basically that you're are not going into a formal currency union,. so, the choice is then broadly, in formal linkage or different currency. i think it is technically feasible that scotland could have an informal link and it starts off using sterling notes and coin anyway. so, that is one constraint. careful have to be very with its financial system and its fiscal issues and it would need a whole load of reserves as well. andnically, it is possible you probably get less uncertainty, particularly in the short term doing that than saying, ok, we will have our separate currency. if scotland is independent, we will have to read to nominate everything. thinking about a lot of volatility in the pound, what becomes a scottish pound and what hurricanes a u.k. pound. >> the fact that we saw the banks announced think yesterday that they would lose their headquarters south of the border if it

votesample, if scotland no, and the u.k. as a referendum on eu membership, which has a u.k. majority to leave, but a scottish majority within the u.k. to stay, adding that his terrain which is -- i think that is a shortrain which political generation away which could revive the debate. i believe the other questions for others. -- let me talk about the immigration, it has not been a part of the scottish national at all, they promise a more liberal immigration policy than the u.k. had. you have seen the tensions within the united kingdom and more broadly that jeremy spoke of, london versus the rest were divisions within london, scotland can maybe be seen in the independence referendum and the rest of the u.k., the rise of more and i immigrant populist parties. -- anti-immigrant populist parties. i think that a smaller u.k. after a yes vote would raise more questions about whether the u.k. has the right to be represented on the un security council. those questions are already raised, and the door is already open with no simple solutions in sight. -- itot see that it would would

it is one where the process has been agreed with the u.k. government. there are things for the u.k. to do to invoke itself in terms of moderation function, i would say. i do think we have to be careful to not conclude too much from the scottish to the other context because there are some differences. the scottish government had commissioned an independent commission with several people. with commissions, you always ask who they picked. he critiqued u.k. government policy in previous years. an independent commission that looked at the different options and they suggested the currency union is the best option. that is also the favored option in the polls, obviously. i will leave others to comment on that. they also came up with other options. sterlingization is evaluated as a higher risk of not having control because not having a central bank. there are others who say how would that do on the markets? it is very clear if after independence the u.k. government, where they would be, did not negotiate which would have to, with another option. the scottish first minister has been saying t

the u.k. and whether or not you would see a tightening. i kind of have slightly mixed feelings about what we are going to learn. >> the last few weeks, the market has suddenly woken up. ons meeting took place september 4. the meeting matters if they vote no. it doesn't matter much if they vote yes. theminutes matter but scottish vote this week trumps everything. it doesn't matter what is in these minutes. when you look at what garner carney has been saying, he has been very diplomatic on the currency union issue. he has given his views to a certain extent. where he hasn't given his view is whether -- what a scotland yes means for monetary policy. >> it won't be a considerable time before we have the opportunity -- we will do it a little bit later. two words getting everybody excited. thank you very much indeed. we will bring you those minutes later. now to our top corporate story. alibaba arriving in london today ahead of its ipo. yorks start trading in new friday. it could be the world's bigg

overall might mean that the u.k. would no longer be able to play the kind of lead role in nato that it traditionally has. relate today this,id think there's a fear of weakening and of nato and of the eu. the eu would turn inward, yet again, as it had to ne goish yat. and because it was make it more likely, a brit iish exit from a large father and mother news room. this gets at what the u.s. took a position against the neurowean union. it's a very strong, european union. for nato, contrary to want's been said, this has been there about affirming at a rit equal hind m mooi spell ole hoisz i oond ft mersz ef another sdesht i smuf i e sderj ookd spet. if you look at the sum mitt last week, and the president's trip to estonia, you see a very many strong urge to assert nato unity. to assert nay today rp today strerkt >>> the i don't mean owe std and the type of government that was dreebed with a difficult ne fwloeshuation over no brd veto. >>> i think that -- well, i'll get that too r that a little bitly. >>> p stird reaso

the u.k. retailers once again probably have to invest. -- it is half its sales so it is matters. >> about is why you have an apple watch but only works with your phone because this is the key product for them. framed.inner higher resolution as we expected -- 4.7 inches. i think the gold one was particularly good-looking. >> i liked the gold one already. >> i like it. this is the key issue. it should be stronger. what i did think was important was it will have 25% more battery. the six plus we'll have 100% more battery life. that is important. what has been left out in terms of across-the-board information? with the phone, we know china has been left out. they don't know when they will get their sales. will have this phone by the end of the year but it would not be first on the list when they allowed to get them shipped come september. --factory life of the watch battery life of the watch? >> we don't have an idea. that is what a lot of people are wondering about. there are also questions about

the possible impact for the rest of the u.k. could cause uncertainty in the minds of movers.l home over -- should be independent vote win the day, there could be months of uncertainty with the forthcoming general election causing uncertainty. london house prices did rise last month. >> corporate have the out again. find anyoneult to supporting the yes campaign. big defense companies they they are likely to lose orders. the government hasn't laced orders and world war ii. why would they change? rbs, andlook at another based or he is a have pensionable employees. if you have cross-border liabilities, they would have a pension deficit. that was as of march of 2013. they would have to cover that deficit up. it would have to be fully funded. they go on to say this has been a black hole recovery. up corporate retirement plans. then you look at someone like hewlett packard, and they are talking about the reality. the likes of hewlett-packard on the technology side. of logistical practicalities divorcing systems, tech elegy systems with

one where the process has been agreed with the u.k. government. the u.k. toings for do to invoke itself in terms of moderation function, i would say. i do think we have to be careful to not conclude too much from the scottish to the other context because there are some differences. the scottish government had commissioned an independent commission with several people. with commissions, you always ask who they picked. he critiqued u.k. government policy in previous years. an independent commission that looked at the different options and they suggested the currency union is the best option. also the favored option in the polls, obviously. i will leave others to comment on that. they also came up with other options. ion is evaluated as a higher risk of not having control because not having a central bank. say howe others who would that do on the markets? it is very clear if after independence the u.k. government, where they would be, did not negotiate which would have to, with another option. the scottish first minister has been saying they consider it to si

u.k. assets. scotland and whether it gets independence.to is happening in spain and catalunya? talan region will have its own referendum. look at spanish yields. up 10 basis points yesterday and another today. 2.3% is the yield. still perfectly love but the moves have been sizable, 20 basis points in two days. if scotland becomes independent and the u.k. observes that debt, that is one thing. can spain absorb the debt of a region the size of cattlalan? what is going on? a little bit of scottish theater. -- scottish fever. awfully tight. the polling data is going to be fascinating to watch. momentum with the yes campaign judging by the polling numbers. what happens over the next 8 days is fascinating. apple's health kick. the product launch revealing a new focus on fitness and health and well-being. my guest developed and app that tells women everywhere about her monthly cycle, fertility. to see how she thinks this develops from here. we will talk about that in a moment. ♪ >> welcome back you are watching "the pulse." let's talk technology.

it is very important that the u.k. retains influence. the u.k.overnment has a knowledge of financial services. it is important that they are at the heart of europe in terms of writing rules. do wet kinds of reforms need to see in europe to make sense for u.k. business? were having a conversation about whether europe is a bad thing and we don't know what the third way might look like. reforms that key being suggested by david cameron. >> a lot of the wider in termsional issues, of banks, we are interested in growth across the eu. we published a report couple months back with a proposal of how we think the european commission and the parliaments and the council could promote growth, promoting secure donation and access to finance. john paul juncker has been talking about capital. there are a lot of reforms that would help promote economic growth. more concern about global competitiveness with europe. we need to think about how competitive are we compared to america and asia. >> anthony brown, the ceo of the british bankers association. guy? >> we'l

. >> the u.k. would consider a further divilusion of powers, but if they come out victorious it's likely they'll host a huge party. >> 307 years after the acts of union is scotland merely a region of one country or still such a distinc distinct separate particular place. on a practical level would scotland be a kingdom or republic. have an established church. membership in the european union. and what would be used for money? joining us to consider the future of scotland, lord geremi pe ervis of the house of lords, and adam ramsey, a campaigning from the pro independence group yes scotland. welcome to the program. adam ramsey, let's start with you. why an independent scotland, and why now? >> i think people all across the u.k. are fed up with the broken political system. you know, the fact that we have geremi on the tele with us, setting our laws for life appointed by the prime minister of this country. one of the most undemocratic systems in the wir entire world. and a chance to escape that system

that is some of what is going on in the u.k. right now. as the u.k. simultaneously considering this week whether that vote will secede from their union. i mean, if you have ever wanted the job of being british prime minister, let's say you saw some great mini series and you've ever wanted to be prime minister, this week is not one of those weeks that you might fant size about having that job. beyond that incredibly difficult debate in the u.k., a lot of external issues 234 the u.k. and beyond what's going on here at home, the response to isis basically continues on three levels right now. the first level is diplomatic. secretary of state john kerry was in paris for an international summit designed to skurts commitments to contribute to the fight against isis. this summit today follows a similar summit of countries hosted in saudi arabia last week. u.s. officials said yesterday that aufrs from the arab world so far, specifically, include offers to carry out air strikes against isis. although no muslim governments are peting if they're saying that behin

would the u.k. flag have ton changed by taking out the scottish portion of the union jack and just leaving the english welsh and northern irish portions, all the way to the role that scotland plays in the british military, in the defense industry and in particular with the stationing of british nuclear weapons, wimp the scottish government has said would not remain in an independent scotland. i think the impact on the day after a ref are not did you mean on the rest of the u.k. is going to be mainly an emotional one, but so much will depend on what then happens if there is a yes vote over the next year as edinborough and london begin to negotiate specifically what details of secession would mean. >> anyone 16 years or older can vote, that does not include scottish expatriots living abroad, residents of england, wales or northern ireland. let's go to another issue here, which we haven't well discussed, and that is that scotland already has a great deal of autonomy. professor, discuss the fact that th

we revamped u.k. we had huge increases in china and indiana and brazil and everybody of all businesses must join in making that happen by 2020. >> mr. speaker, my right hon. friend the prime minister, deputy prime minister and leader of the opposition are rightly campaigning today for the future of our union. on a daily basis in my constituency i see the strong family and business links between my local airports and scottish airports. does my right hon. friend, the leader of the house agree with me that our great kingdom is better together as united written? and i say that as somebody with proud scottish ancestors. >> i absolutely agree with my right hon. friend and what he can seek at airports and what we all experience around other parts of england and wales are good example of his point. two thirds of scottish exports are exported to the rest of the united kingdom. twice for the rest of the world put together. why would anyone choose to place an international border where those exports are going an

scotland has more than 98% of the u.k.'s future offshore oil productions.t's something seen as positive, that will likely allow the country to fund itself. it's construction industry is worth more than $28 billion. scotland has a $21 billion food and drink industry as well. tourism is worth $15 billion. and exports from the thriving whiskey exports, $7.2 billion. military leaders are lending their voices to the no campaign hoping to keep in tact the u.k. erin mcglocklin joins us from london with more on that part of the story. i say, i toss to you the same way i toss to max, as we get closer to this, it seems like english people are getting more romantic about losing scotland, they don't want it to happen. scotts seem to be pushing this yes vote. how do things look from where you are. what are you seeing? it's becoming more apparent that this referendum could have far reaching political and social commences, and now we're hearing about potential security consequences as well in the sun tabloid this morning, an open letter from 14 former british armed forces

. >> i'm lawrence lee at the u.k.'s nuclear submarine [ inaudible ] >>> and what a swedish company behind one of the best-selling computer games is $2.5 billion richer. >>> so a suicide bomb attack in afghanistan [ inaudible ] wounded more than 20 others. police say it rammed a car filled with explosions into a military convoy in kabul. happening close to an embassy. [ inaudible ] . >> well, it happened - it was the height of the morning rush hour, 8:15. it was a stwag packed with -- station wagon packed with explosions, the target a convoy. it waited for it and rammed into it in a busy street. in addition to this [ inaudible ] between the u.s. and the airport here in kabul. the explosion was so large it could be heard across the city. there was a large plume of smoke in the aftermath. it threw [ inaudible (technical difficulties) (no audio) >>>..something clearly went wrong with security. >> that's right, and i am sure the african security forces [ inaudible ] (technical difficulties) (no audio) >>>..fighter jets dest

english is as much a part of the u.k. but it's not the only part of the u.k. and it's much different than the rest of the u.k. the only thing that has not been addressed is money. saying that scotland is a ros prosperous country, and it doesn't need the money that it gets from the u.k. well, people will say if you're so prosperous why do you need the money. there will be a row about that now. >> robin wright financial wors correspondent. >>> a sneak peek of this week's "edge of 18" putting cameras in the hands ever high school seniors. >> okay, everybody hates me and i'll kill myself. >> i saw threatening things on twitter. people would whisper, stare at me and laugh. that's when i went into a super deep depression. my thoughts were literally like how would be the easiest, pain freeway to end my life. >> kids are kids. you can see that they lack a person perspective and wisdom, but their sophistication about the world and emotional strength is very profound. >> i don't want to tell my family that i got rejected from chatman. >> i don't want to tell anyone that

both banks are part owned by the u.k. government.the treasury perspective, as the biggest shareholder in rbs, you have a lot of taxpayer money invested. they will want that back at some point and they don't want it domiciled in some country they don't control. do we go with the polls or the bookies? >> the bookies say a no vote. today's polls suggest a no vote. it does not show the same trend ov polls. the ug the last poll showed the yes camp was gaining ground, this shows that it is unchanged since the end of august. perhaps something for the to smile about. i want to have a look at what it means for edinburgh. the banking institutions and the presence they have. in theeight jobs financial sector is more than 30%. in scotland,eople 16,000 people are employed by lawyers. they are saying this won't affect their everyday operation in scotland, that might be really true -- hardly true. partly true. , deposit flight being highly likely and problematic. talking about recession as a result of a yes vote, artfully -- partly because of the r

politics -- u.k.ics is moving quickly with attention turning to the annual labour party meeting. the shakeups. you can follow me on twitter. we are opening this monday morning lower. stay with us. we are back in two. . >> won't go back to "on the move -- welcome back to "on the move ." this what the markets look like right now. the stoxx 600. here in london it down. not a signro theme, of more stimulus from the chinese finance minister. stock in about a one london. >> it is. a quarter of a billion. it is really hitting the profit hard. overall, the key take away. company that is less than a ofth after profit, 7% shy what investors thought, slashing the profit forecast. and in the capital expenditure and they said we have overstated by mistake. 250 million pounds worth is what they think their first half profit has been overstated. it is another dire situation on the block. it that it ist moving unilever personal care and joining tesco. sinceits lowest level 2003 on a just see air that -- on the fear o

said that he didn't think the u.k. would participate in airstrikes on the islamic state group in syria. of course, the u.k. is committed to airstrikes in iraq. prime minister david cameron, however, seems to disagree with his from on this issue, and this latest news could well push the u.k. towards intervention in syria, as well. >> very well. it's important to point out there are a number people held by the islamic state journalist aid workers from different country, what is their main goal with these kidnappings? recruitment? >> yes, they face the difficulty of having competitors among rebel groups who are rebelling got against the government in syria and the government in iraq, so want to gather people up into their organization. the more polarization, the better for them. i think they really want the shiite government to hit them hard when they kill shy rights. the more they can show themselves standing up to the west and then at victims of western reprise also, the better recruitment goes for them. >> you have to

than in the u.k. that they could do more damage there than murdock could end up suffering more serious legal consequences in the u.s. than here in the u.k. what do you think the prospects later? >> american law presents global paint company, the news core, which isn't there really in the united kingdom. >> that's because the americans have this law called the foreign corrupt practices act which makes it annons for an american company to employ anybody anywhere in the world who pays a might be to a public official. so what's about to happen in london is you've got a sequence of trials due to take place of murdoch reporters who are accused of paying bribes to public officials. now, we don't know what the outcome of these trials will be if some millennial or all of them are convicted of paying bribes, that will trigger the f.b.i. inquiry in the united states under the foreign corrupt practices act and it may well be that you can see the parent company, news core, being prosecuted which would be very, ver

the u.k.on data that mark carney and his cohorts will be watching. 1.5% which matches the estimates from the analysts. .ery much in line of course, 1.5% below target for seven months in a row. the target is 2%. more latitude in terms of what they do with a rates. the longest under par inflation since 2009 when we saw undershoot for six months in a row. let's look at stirling. sterling has been lower on the back of the scottish news. virtually no reaction. we are only down by 0.3%. days in aen down for2 row. level holding at 160 since the july a multi-year high. come.more to jobless claims and the vote and retail and the vote could take it down to 150, which is what experts have been telling me. breaking news. their scooter business has done a deal with machendra. one of the biggest producers of tractors. access to technology for them in terms of doing the deal. it is going through his own reformation. that is technology. ut. to buy peugeo that is a bloomberg exclusive. rom scooters or inflatio

do you expect to see that in the u.k., especially given that there are more u.k. foreign fighters that are fighting than americans? >> it's an incredibly emotive subject. one of the big problems for the u.k., there are over .500 fighters that have traveled from the u.k. through europe, turkey into aleppo and fight, isis. are airstrikes going to prevent that exodus of jihadists coming into syria? it's not. it's about understanding the idealogy, what is creating people to be disena franchised in the u.s. that u.k. what is the relationship between the citizens and the state. what is going on in the mosques. how do we educate people and make them fuel secure in britain so they don't pick up arms and go to syria. >> we hear about airstrikes and there's a sense that they're safe. as a former pilot, are they safe and talk about syria's air defenses, what would you be facing if you were in that cockpit? >> the biggest threat to aircraft in that region are man portable air defenses, infrared, heat seeking missiles that go off the hot spots of the aircraft, the engines and