in the u.k.nd we now are rolling out in spain, and it is a strategy. it is about loyal customers, it is about lasting relationships with our customers. francine: the 1, 2, 3 account is something that is quite expensive because you give back to customers. you do make them loyal, but are you concerned that you are giving too much away? or actually is loyalty the most important thing because then you can grow in the years from now? ana: we want to be the best retail and commercial bank. we want to be the best commercial bank for our people, our customers, our shareholders, and our communities. the strategy has to make sense for our customers, but also for our shareholders. the reason we can square the circle is we have a best in class cost income. we reported in june a cost income ratio of a little bit less than 47%. that is best in class among all the large banks in the world, and that is what allows us to deliver great products with great prices and excellent service. now we are not there yet by a

francine: when the voters in the u.k.e on the referendum, they need a clearer picture of what happens if the u.k. does leave the eu. do you think we will be seeing prime minister cameron, yourself, and other cabinet members going to brussels more, to get assurance that we will get some kind of trade agreement? >> the prime minister has been clear on this. reform, and getting if he gets his reform, to campaign for britain to stay in a reformed european union. i think he's set out very clearly his message and goals. francine: thank you so much for joining us. we have plenty of interviews coming up. kuroda be talking to mr. , the japanese central bank governor. this is day three of the world economic forum. we will be talking on the nymex and strength or no strength in yen. ♪ francine: welcome back to "the pulse" live from davos. it has been a very busy morning. of course, coming up, it's even more busy. it's "surveillance." we talked to a lot of business leaders. we spoke to the french finance minister. we had george osborn

pound struggles to make itself felt in the u.k. analysts are forecasting a 0.2% increase for december. guy: welcome to "the pulse" in london. i'm guy johnson. let's get you up to speed. here is the first word news. nejra: china's official growth figures came in below expectations with gdp rising 6.8%. the world's second-largest economy expanded 6.9% annually. it's lowest rate since 1990. it signals first and this may be needed after a record yuan evaluation and a $5 trillion stock market rout. china's biggest gas producer plans to cut spending and reduce production. the company says it will decrease capital expenditure to as little as $9.1 billion heard at the same time, it sees 2016 production falling by the equivalent of as much as 25 million barrels of oil compared to last year. ramsey says the s&p 500 has another 10% to drop before the 2016 selloff is over. he correctly predicted last rout. august 2015 the s&p is down 8% this year. we are getting the markets report from the i.e. yes. ws an emphatic hen address and the question

should donald trump be banned from entering the u.k.? that's the subject being debated by british lawmakers for several hours today, after a petition garnered more than a half-million signatures online. the campaigns bring up after the american presidential hopeful said he wants to ban muslims from entering the united states. minister hasrior bar anas the power to individual from the u.k.. listen to what one of the british lawmakers taking part today had to say. attackingat danger by this one man is that we can fix over him a halo. we give him the role of to bedom, which can seem an advantage among those that support him. out, interfering, telling us what to do. >> that was an associate -- thanks are being with us, professor phelps. ofsaid that he's guilty poisonous words that risk in flaming tension. prime minister david cameron has already said he doesn't want to ban donald trump from coming into the u.k., so what is the point of having this debate? professor phelps: there was a petition signed by some 600,000 it really was popular dem

i think europe is stronger with the u.k. and i think u.k.part of a reformed europe is also stronger. we have millions of sme customers throughout the u.k. i think these customers continue to create more jobs of we are in europe if the u.k. in europe. i also think europe has to be more competitive and we welcome that the u.k. helps us be more competitive. that is what i believe. but having said this, ultimately for the british people to decide. francine: there is also rumored you're buying some rbs branches. ana: i cannot comment specifically on that. we are focused on organic growth. as you have seen this year, we bought portugal but that no effect this year. we can deliver a very good shareholders,r growing topline, generating capital and paying dividends. but having said this, we will look at the organic, sorry, in organic opportunities. we looked at brazil in 2015. we looked at portugal. but we are going to be very disciplined. we did not do those transactions. if we analyze, and we could analyze some other options, we will always be very

we are lucky in the u.k. because the u.k. has a heart. lots of people are hungry, some can't even write their name. food, education -- humanity is to blame. it seems to me these are the creatures the magna carta forgot. creature -- it doesn't matter who you are nor were you are from, your agenda, your race, religion, we all just need to get a loan. we all breathe the same air so why should i have writes others don't? carta fullew magna of creatures -- creatures great and small. [applause] >> that was a wonderfully creative approach and i think the enthusiastic reception you enjoyed is its own testament to the effectiveness and distinctiveness of your approach. i do not think it will be forgotten. thank you. london.len from [applause] >> thank you, mr. speaker. carta signed 1215 says we have granted for us all the liberties written out below. if this was a new school curriculum, young people would know in the convention of the right of the child, there is article 12, which says every child and young person has the right to be heard in thei

the u.k. youth parliament, we come to the fifth and final debate of the day on the motion everyone should be paid at least the living wage. inmove that motion, i call invite you to welcome from en mcall. ew [applause] >> over one million people in the u.k. today -- 30% of children live in poverty. aspirations are extinguished daily by financial worries and this isthe families -- our chance today to break the cycle of poverty, to correct injustice and discrimination, to reignite the flame of imagination by extending the living wage to all. some of you may be wondering why we are debating this month's after the government announced plans for a new national living wage. hole inause of a huge these plans in that exclusion of 7.5 million 16-24 year olds, the identified as most likely to be living in poverty. with rising registration fees, arising homelessness, cuts,oyment, tax credit we are left the most debt advanced rich -- debt advantaged generation. to living wage also presents a course of oppo

the u.k. business. it's now on track to hit full-year 2016 targets. so what we have here is similar to rbs, taking another fine for ppi. however, overall their u.k. business did quite well and thank goodness because when we look at their business in bra zil -- brazil, looking good there. recession expected to worsen in brazil. one analyst said they expect nonperforming loans could double by 2017 from 2014. >> nonperforming loans, huge issue. in the u.k., even though they are doing okay, they still have to compensate customers for this misselling of the certain type of insurance, the ppi policies. their main u.k. rivals also experiencing that. but you could argue it's kind of a mixed story for them. revenue growth, while that's been a bit stronger, their operating costs keep rising faster than anticipated. you have this higher regulatory environment as well, which isn't making it easy, not just for them, but a whole bunch of the banks. so santander flat, a little lower this morning. >> not alto

how much tax are you going to pay here in the u.k.? >>> the u.k. gets what it was searching for. google greece to pay almost 200 million to the tax man, but some say it's way too little. >>> welcome back. you're with al jazeera. the top stories. u.s. secretary of state john kerry says he is confident talks on syria will go ahead despite disagreement on who will represent the opposition. tunisia's prime minister has held an emergency cabinet meeting to discuss this week's wave of protests over unemployment. a travel ban is in place in new york. a major blizzard has dumped huge amounts of snow right across the u.s. east coast. a 13 yeared girl has been shot dead after appear alleged stabbing attack on israeli security forces. it happened near the settlement in the occupied west bank. officers say the girl had previously had a fight with her family before leaving her house with a knife and walking towards security forces. 162 palestinians and 25 israelis have been killed in the latest wave of violence which started at the beginning of october. the united nations is seeking unconditi

the u.k.. the u.k. has banned entry to many individuals for hate speech. the same principles should apply to everyone who wishes to enter the u.k. the united kingdom is to theirue applying unacceptable behavior criteria to those who wish to enter its be fairlyt must applied to the rich as well as the poor in the week as well as the powerful. the other petition reads, we should not be banning anybody for their opinions are domestic actions in the u.s. political race that does not concern us. more importantly, if he actually wins the nomination, it goes on to win the presidency, we have to work with the manly band from our country. let's might of her own business. if i could summarize the government's response which wasn't entirely helpful, to both petitions, the government says, the government is not routinely comment on individual immigration and exclusion decisions. exclusion powers are very serious and not used lightly. the prime minister has made that he completely disagrees with mr. donald

and the head of u.k. rate strategy says the rally is overdone and investors and expectations are too bearish. top of the leaderboard and 2016 but not everyone is convinced it will last. get a piece of that. listening and watching both of you, you guys have a history. >> i worked in london, it was fantastic. memiller used to sit next to for two years in london. i still have the scars spirit -- have the scars. >> thank you. >> i didn't know we had that track. >> i never get collapse. -- get collapse -- i never get claps. of serious talk about the global economy at the world economic forum. there has been a lot of partying and late night at the p&l bar. behind thee you scene with some davos regulars. >> you are watching the european close, let's get a quick check on how stocks are trading. we are coming off of our highs of the session. abigail doolittle has more from the nasdaq. >> that is true for big tech. shares are higher today ahead of earnings. facebook's outlook is positive. several catalysts includin

. >>> u.k.ants to ban donald trump from entering the country. >> hello, i'm here with your sport, novak djokovic admits he was once offered a bribe to throw a game, officials are ignoring the issue. >> a rocket fired from syria has hit a school over the border in turkey, killing a female cleaner, three rockets hit the town of killes, one of which fell into a schoolyard, radar showed they were fired from the islamic state of iraq and the levant from inside syria. all schools in the town were evacuated. al jazeera's andrew simmons sent this update from killes. >> this is the schoolyard. imagine the panic when the first blast happened. emergency workers were on the scene when this happened. they desperately tried to save the life of a staff worker but she died. there was also a female student, critically injured and taken to hospital where she's in a serious condition. there was another injury also taken to hospital and it's unclear if their condition at the moment, not believed to be life threaten

it is in the u.k.'s interest that we engage all presidential candidates, democratic and republican, even though we may disagree profoundly on important issues. where there are clear differences of opinion, the most effective way to influence our american partners is through a frank and open exchange of the fuse. in taking on those arguments. today's robust debate, as i think, has provided a platform to do just that. i think the minister for letting me in again. the hometer says secretary has a policy position of not commenting on people that are being considered for the exclusion list. dos that mean that he cannot confirm nor deny that donald trump is being considered for that exclusion list? >> as i say, we do not comment on individual matters, but i would say, on the chance that the exchequer has underlined -- the best way to defeat nonsense like this is to engage in robust democratic debate and make it his -- donaldt trump's abuse -- are not welcome. we have also had comments in relation to donald tr

the u.k. was getting google to pay what it owes in tax but critics say it's into the enough >>> we begin the bulletin with diplomatic efforts by the u.s. to keep talks aimed at ending syria's war on track. u.s. secretary of state, john kerry, met with gulf foreign ministers in the saudi capital riyadh trying to agree on which opposition groups should be represented. he is also trying to ease their concerns about warming ties between the u.s. and iran which is a key backer of the syrian president. now kerry says that he is confident that gen evidence talks-- geneva talks will go ahead but couldn't confirm which day they would start >> one of the things that we did today which i thought was important is we set up a clarity for how to proceed forward in the initial steps of the negotiations on syria. we are confident that with good initiative in the next day or so those talks can get going and that the u.n. representative special envoy will be convening people in the appropriate manner to the pro

here are the u.k.es, up nearly 1% rate we will keep an i, check them out before the end of the hour. anna: that is according to a report this week from s&p, as credit concerns grab investor attention. manus: let's bring in a man who knows things about sovereign credit. james is global head of sovereign ratings. welcome to countdown. james: thank you. manus: some big themes in the ghts,, the commodity ri defaults, what worries you most in terms of sovereign risk in 2016? james: you said it right there. commodities are the number one drivers in 2015. as possible for more downgrades than anything else. that will continue in 2016, even if oil rebounds today, we will to see downward pressure on sovereign ratings on a major exporters. it takes time for the numbers to feed through to the fiscal numbers. if you look at the most negative african region -- most exposed to the commodity price. the other element is a stronger dollar. there is a strong correlation between the dollar and lower emerging markets sover

this is the boss of google u.k. to defend it. listen to the fiery words directed at them. >> how do you think they feel every time they switch on to google, and they remember and just it reminds them of your rather devious if i may say so contemplated and in my view unethical behavior. >> i think if ordinary people listened to that statement they would be rightly concerned, but i don't think that's a fair representation of how we operate. >> okay, google, why pay now? >> they say that they see the way the world is changing, and they want to be seen as paying their fair share. but at the same time, they're under pressure that has been an audit, and governments want to get more tax out of companies like google. >> so the tax man gets its cash, google solves its problem, and everyone is happy, right? wrong. this is causing anger among opposition politician who is say that google should pay a lot more and it's a paltry amount. and authorities those negotiating for google for their settlement, and they may demand much more. but for go

affair ifom and gloom the u.k. votes to exit the eu?n't have any special models that tell us how it is going to be. it goes that way of really tricky to work out. my guess is it would be serious trading fallout because ties may have to change. out, that we vote it would be serious economic fallout. from its highs? that's a big deal, isn't it? slow, bute growth is that is going to push wage growth. i think the bank of england is we can do a couple of years in a while but right now we need wage growth. november. a big interview coming up. .etty: indeed the president and ceo of the u.s. chamber of commerce, tom donohue, joining us to talk about politics and what he's looking for in this election cycle and breaking the gridlock in washington. ♪ betty: welcome back to bloomberg markets, live from london and new york. that is a picture of the new york skyline from our bloomberg headquarters. mark barton is joining us as well. mark: let's have a look at today's bloomberg business flash, look at some of the big stories we're following here. fre

it is in the u.k.'s interest that we engage all presidential candidates, democratic and republican, even though we may disagree profoundly on important issues. where there are clear differences of opinion, the most effective way to influence our american partners is through a frank and open exchange of the fuse. in taking on those arguments. today's robust debate, as i think, has provided a platform to do just that. i think the minister for letting me in again. the hometer says secretary has a policy position of not commenting on people that are being considered for the exclusion list. dos that mean that he cannot confirm nor deny that donald trump is being considered for that exclusion list? >> as i say, we do not comment on individual matters, but i would say, on the chance that the exchequer has underlined -- the best way to defeat nonsense like this is to engage in robust democratic debate and make it his -- donaldt trump's abuse -- are not welcome. we have also had comments in relation to donald tr

the fed has started to do that and we need to see that in the u.k. francine: the u.k. we had week economicdata -- weak data and facing a referendum and it is impossible to quantify that. thing we cannly see is what the impact of the referendum is going to be, we are in a limbo land waiting for the terms of the referendum to be really clear. that could be a source of uncertainty but i do not think it is the real preoccupation at the moment and the u.k. economy has been growing quite well, our growth has been led by investment in exports not just by consumer bending -- bending. -- bending -- spending. ph?: does it need the oom andrew: it is not for central banks to dictate the nominal gdp. i think the economy finds its own equilibrium and you have to look at the real aggregates in the economy of growth and unemployment to see how it is performing. in the u.s. and u.k., unemployment has been coming down, growth has not been spectacular but good for this new normal world. the bank of england should be looking much more seriously at following the lead of the fed and living

the u.k.parliament debates whether to ban donald trump from entering the country. >> hello a rocket fired from syria has hit a school in turkey killing a female cleaner there. two others were injured including a school girl. throw rockets hit the town one of which fell into the schoolyard. the radar shows that they were fired by the islamic state in iraq and the levant from inside syria. the mayor said all schools in the town have been evacuated. andrew simmons has this update. >> this is the school reception. imagine the panic. they desperately tried to save the life of a staff member right here, but she died. there was also a female student. she was critically injured and taken to hospital where she's in serious condition. there was another injury, they were also taken to hospital. it's unclear of their condition but it's not believed to be life threatening. look at the crater right here. this rocket came something like 17 to 20 kilometers. it came from isil, according to security sources, a

trump from the u.k. entry. the second petition is don't ban trump from the united kingdom and this is a curious one. it's signed by 42,889 signatures. but 30 signatures were removed from that petition because they were thought to be suspect in coming from one source, so please beware anyone who is trying to rig the system, you will be found out and in this case, 30,000 signatures disappeared. the first petition reads "the signatories believe donald j trump should be banned from uk entry. the uk has banned entry to many individuals for hate speech. the same principles should apply to everyone who wishes to enter the uk. if the united kingdom is to continue applying the 'unacceptable behaviour' criteria to those who wish to enter its borders, it must be fairly applied to the rich as well as poor, and the weak as well as powerful." the text of the other petition states that "we shouldn't be banning people for their opinions on domestic actions in a u.s. political race that doesn't concern us. but more importantly

is there something that goes to u.k.e of the are surprised about by the resilience of financial services in general? >> one thing that did surprise me is the global financial crisis was not really, it was a north atlantic disease. not a global disease. it did contaminate the rest of the world but it is essentially was europe, the united kingdom, the united states. the other surprise in some ways was the depth or the consequences of the financial crisis on the u.k. and europe. i mean, we have still got banks, and banks in particular european banks, big ones anyway, still recovering from the crisis seven years afterwards. many of us are trading the discount book value. francine: why is it laggin? because the u.s. dealt with a quicker. >> i think they dealt with a quicker. i think the impact on the banks itself -- the banks themselves was much more severe. those investment banks in the u.s. particularly, it's a very large capital market. 10 times the capital market size of the united kingdom. therefore, if you are a major p

how much tax are you actually going to pay here in the u.k.? >>> google agrees to pay almost $200 million of tax in the u.k. but critics say it's not enough. we begin it syria where at least 47 people have been killed in air raids believed to have been carried out by russian airplanes. a bus station was hit. it says the jets appeared to be targeting areas controlled by the islamic state in iraq and the levant, i.s.i.l. andrew simmons reports for us. >> reporter: we're hearing that at least 47 civilians have been killed after air raids reported to have been russian bombers that have hit the area. most of the province is held by i.s.i.l. and this province borders iraq. they have been on the offensive for the past week and they've been clashing with regime forces and the russian air force has been going to great lengths to try and track el the i.s.i.l. fighters on the ground-- tackle. it is reported that up to 80 civilians have been killed since friday. this comes from the sohr, the syrian monitoring organization in england. they have been involve

francine: now, the u.k. minister david cameron is traveling to a very today to talk brexit with angela merkel. he told them they would be allowed to choose which side to campaign for. prime minister cameron: there will be a clear government position that it will be open to individual ministers to take a different personal position while remaining part of the government. francine: let's go straight to hans nichols in berlin. what sort of scene is david cameron walking into it bavaria? hans: there is a great deal of tension between angela merkel and her sister party, hosting this. thel be meeting beat with chancellor who is somehow puzzled and eric hated by david cameron -- puzzles and irritated by david cameron. cameronways as prepares to lose allies in his own country, he is traveling around europe trying to gather new ones. h'e's in a very and then he is often hungry. he is the first british prime minister to go to austria and 30 years. this is a prime minister who i hope has a fresh passport because he nee

ont will be the impact foreign capital flows into the u.k.. what will be the impact on the u.k.aight position and its ability to trade with the rest of the european union. if you asked the question, have investors focus sufficiently on the risks of an exit, absolutely no. you want the vote done and the result known as soon as possible. >> yes, investors like certainty. if you have uncertainty, and we have clear uncertainty here, then there is that uncertainty discount built into the market. anna: thank you very much. manus: chinese stocks halted as they dropped over 7%, the csi 300. oil rising on middle east tensions. a huge week for markets between inflation data in europe, and the fed minutes. join both of us for the next part of "countdown". ♪ manus: the shanghai composite drops, manufacturing data disappoints. --a: golf tensions escalate gulf tensions escalate. year, new dealmaking. the first words from the fed in 2016. >> it may be possible to try to use the interest rate to deal with what is happening to the asset prices. happy new year. anna: welcome to the second hour of

how much tax are you actually going to pay here in the u.k.? >> reporter: well, that's something google can answer in a heart beat. it is going to shell out 130 million pounds. that is 185 million dollars, money many people feel is long over due. the question is. >> reporter: okay, google, is it enough? >> reporter: google thinks so. it has reached an agreement with the tax man after a long open audit. that is to cover a decade of underpayments. the company is going to pay more in the future saying it will change the way it calculates its taxes based on revenue from u.k.-based advertisers which reflects the size and scope of its u.k. business, which leads to the question. >> reporter: okay, google, how big exactly is that business? >> reporter: the turn over was 642 million pounds in the u.k. in 2013. that is nearer to 915 million if we're talking dollars. then the revenue of 5.6 billion in the u.s. that year and 6.5 billion a year later in 2014. quite a discrepancy. that's revenue and revenue isn't taxable profit. there are costs to bear in mi

u.k. two-year debt has had its best year since 2009. back in 2009 the bank of england was buying debt. the bank of england buying debt. i asked simon smith how soon it could be the for the bank of england buys that again. let's check some hardwoods at him. betty: i like what you say about crafty -- what is your name for druggie? -- draghi? super mario. mark: we can't get away from that one. super mario might be chuffed about the inflation. yes it's an improvement on the previous month. it was the biggest increase since october 2014. let's bring it into the equation. he admits that last week inflation could actually fall in the next couple of months because of declining oil prices. declining oil prices are pushing down on inflation excitations. that couldnario bring down its inflation forecast. the december forecasts are not looking to good. that could be ultimately to more stimulus. it's basically a game of hi ising you can do, drag probably going to have to be better. betty: super marcy -- mario. out the time of the surprise bank of ja

u.k. vote to leave the euro. the deputy chairman of the financial services body spoke in an exclusive interview with bloomberg. >> the question is, will it be much better or much worse? our opinion, it would be significantly worse. nejra: crude is trading around $30 a barrel, as the route moves closer to exacerbating a global glut. london slipped below the $30 mark since before april 2004. that was amid sanctions on iran may be lifted on monday. at least four people have been killed in explosions and gunfire in the indonesian capital of jakarta. continuing to battle gunman in the biggest attack in the city since 2009. at least one explosion occurred near the united nations office. at least three others were felt near the u.s. embassy and the central bank. that is your bloomberg first word news. anna? manus: let us get into a little bit of news. major sizable energy deal of 2016, norway's company is buying 4.6 billion stake in london. this is a minority stake. but is the first major deal we

if the u.k. is in europe.o think europe has to be more competitive and we welcome that the u.k. helps us be more competitive. that's what i have said and that is what i believe. ultimately it is for the british people to decide. francine: there are rumors you are buying rbs branches. ana: we're focused on organic growth. .his year, we bought portugal we can deliver good results for shareholders are you growing top line, paying dividends and finding growth organically. we will look at inorganic opportunities. we looked at brazil in 2015. we are going to be very disciplined. we did not do those transactions. if we analyze, and we could analyze some other options, we will always be very disciplined. francine: there was a rumor about santander looking at -- pluswe are in nine markets europe, consumer finance. italy is not one of them. we do corporate business but that is not one of our 10 markets. having critical mass is important. 10%.st of these markets spain and portugal, we are at 15%. critical to compete in t

but the u.k. government is deciding whether to contest the ruling.meantime they remain stuck. >> i have identified about 150 to 200 unaccompanied children who have a legal right to claim asylum in the u.k. >> all of the basics are done by volunteers here. laura's persistence has given hopes to many more children left out without their families. it will become clear in the coming weeks when the british government steps in. >>> sweden's prime minister has visited though town where an asylum center employee was killed to death. he was allegedly killed by a 15-year-old boy on monday. police have confirmed the boy was a resident at the home. the prime minister says the attack has raised concerns that authorities are being overwhelmed by the number of asylum seekers in the country. >> translator: i believe quite a few people here in sweden now feel a great worry that there will be more similar cases as sweden accepts so many unaccompanied minors. many have had traumatic experiences, and there is no simple answers as to how they should be handled. >>> the p

reunited after months of hardship, syrian children are allowed to join their families in the u.k. first, as many as 20 people have been killed on an attack in a restaurant in somali's capital. members of the group al-shabab stormed the area on thursday night. a gun battle with government troops followed and it lasted for hours. >> reporter: daylight in mogadishu reveals the full horror of the attack as the grim task of verifying the dead begins. al-shabab fighters say they are responsible for this carnage at a popular beach front restaurant. >> translation: i was intending to go out but suddenly we heard an explosion and then there was gunfire. i saw fighter shooting at everybody. i locked myself inside a room until we were evacuated by the security forces. >> reporter: a wedding ceremony and a graduation dinner were underway when armed fighters rammed a car filled with explosives into the restaurant. they stormed into the building shooting at customers. a well-planned attack which the authorities in somalia and kenya had thought to be struggling and on the defensive >> forces in

do you think it's time for the u.k. to codify? >> for the u.k. to codify, well, there is some talk in in the u.k. at the moment of a british bill of rights which has been touted as an alternative to the european convention on human rights. and i don't think it will happen. my guess, i don't think it'll happen unless britain votes to leave europe. i don't think anyone -- we're very different, i think, u.s. and the u.k., in the way we look at our history. we do have. this shared history, but there's cleaving off, obviously, in the 18th century. the united states here was, if you like, written into existence and defined on paper and the beautiful, elegant documents which #we been talking about it. and it was worked out at a given moment. we're still at that position in the united kingdom where our history just appears to stretch off into the dim, the dim sort of fog of the past. and i think people are fairly happy to leave it that way, is my instinct. and i would say also that codifying laws and writing bills of rights is usually, tends to be someth

the u.k.? states makes wonderful permission for the balance of powers. the president of the united states is not a sovereign and a despot but is balanced by the congress and by the courts. it's a failure to understand why the united states despite having one or two incumbents for the white house may not have been meant for candidates. the country has yet succeeded all the way through to today as a bastion of liberty and economic success. as we consider this, marx martin luther king day in it's worth remembering that he, relied on these rights of freedom. he, too, relied on these rights when he was campaigning to desegregate the university of those studentsn bravely marched in on the 11th of june, 1963, the prevailing opinion was that they should shut up. the prevailing opinion was that their right to freedom of speech should be curtailed. while i think this man is crazy and i think this man has no valid points to make, i will not be the one to silence his voice. when i think now about what mor

london, the u.k. does become a safe haven.ng out of brussels is you guys are in trouble. if you leave, you could be pointing across the channel and making the same argument. carney backed off with the bank of england, but a large part of this move is the concerns around the brexit. i'm going to bring back alexander dryden. part of that move has been the brexit risk. risk, does it actually become risk on sterling? alexander: it is hard in this stage of the game to work out which way the currency pair is going to go. still a lot of uncertainty over what will happen. it is president of for a company -- it is unprecedented for a country to be leaving an organization such as the eu. only half a page is dedicated to how a country exits that will position. so much uncertainty. it is early in the game to be saying which way the currency pair is going to go. guy: let's take a more political stance. there seems to be this sense that the u.k. would lose the most. the safe haven story comes at such a moment of political stress in the eu t

says donaldtitions j trump should be banned from u.k. entry. the u.k. has banned entry to many individuals for hate speech. the same principle should apply to everyone who wishes to enter the united kingdom. this country is to continue applying their unacceptable behavior criteria to those who wish to enter its borders must be fairly applied to the rich as well as the poor and the weak as well as the powerful. petition says we should be banning anyone for their opinions or their legal actions in a u.s. political race that doesn't concern us. if he goes on to win the presidency we then have to work with a man that we banned from our country. let's might a run business. if i can summarize the government response which was entirely helpful to both petitions the government said the government does not routinely comment on individual exclusion decisions. exclusion powers a very serious and are not used lightly. the prime minister has made clear that he completely disagrees with mr. trump's remarks. thatome secretary has said his remarks are devices and unhel

the u.k. laws have stopped 80 individuals from entering the u.k. today. certain violent acts have taken place in america. mr. trumps intervention. i think we want to make it clear in the way this has been reported throughout the world has caused an enormous amount of attention. disinfect attempt to americans -- disaffect americans or the american state. it is a culture that has melded together over the years getting ever closer as a may make is conducive to the public, good or not. but what it does do is allow us and make surey they are listening. we have had examples of when people have been excluded in this country, i've heard of a number of problems were people for been excluded incitement and hatred but i've never heard of one for stupidity. i'm not sure we should be starting now. one thing i am hoping we can do is look at the issues .urrounding this global security, positive contributions by people with muslim faith have on this country whether they were born in this country or have come

the u.k. prime minister says guessing it right is the priority. the righte is not deal, i am not in a hurry. i can hold my referendum at any time up until the end of 2017 and it is much more important to get it right then to rush it. nejra: meanwhile, cameron's brexitcounterpart says a would be a tragedy. >> just as i said, it would be a historic, mortal error for andce to leave the union the same for the u.k.. i am saying this as a frenchman. these are has stored relations between our countries and we have to do everything we can to make britain's day. and jamesiah carey packer are engaged of according to a person familiar with the situation. packer who controls crown resort and has a net worth of $3.7 billion gave the singer a 35 carat diamond ring to seal the romance. that is your bloomberg first word news. terminal customers can head to the website. manus: let us get into the markets in asia. sticky acrossot the terminal. talked ofhe potential stimulus. you cannot beat that. juliette: you

in back dated taxes in the u.k. a move that is claimed trivial by critics. >>> i'm sana with all the sport. andy murray are in the fourth round of the australian open. but play was suspended on the main yarn as the coach ivan ivananovich collapses in the stands. >> the u.s. is making a push to end the war in syria. john kerry is in saudi arabia to try to ease concerns about iranian ties. they did not confirm the exact day they'll start. >> one of the things we did today, which i think is really important is we set up a clarity of how to proceed forward in the initial steps of the negotiations on syria. and we are confident with good initiative in the next day or so those talks can get going, and that the u.n. representative special envoy will be convening people in an appropriate matter for the proximity talks to lay down the process to try very hard to create the communique and have a transition from the resolutions and the syrian support group. >> joe biden is meeting turkey's prime minister about syrians hosted i

a u.k. government resisted an inquiry on the basis of protecting information between russia and british. it finally got clear. >> i make it clear i intend to make public my final conclusion on the issue of state responsibility, together with as much as possible of my reasoning in that regard. >> the u.k. fails to get the two men suspected. both denied involvement. one of them, andre lieuinga voi is a member of the russian lower house of parliament. the other, dmitri cop den offered to appear via video link, saying he'd produce documents proving his innocence. he never did either. payne taking evidence was presented. it matched discoveries of traces in london locations to the movements of lieuinga voi and compton. >> the evidence as demonstrated step by painstaking step, that vladimir putin and his personal cabal are implicated in organized crime. that they are willing to murder those that stand in their way, and that mr litvinenko was murdered for that reason. >> if that is the inquiry's con

why is donald trump so controversial in the u.k.? >> well, you can answer the same and ask the same question why is he so controversial in america? essentially the view here is that many multi cultural communities he has really offended a larger population, he has gone too far with his remarks. it is not a matter of freedom of speech, it is really a matter of a hate propaganda. that is what as you look at some of those pictures from the committee room off parliament, it is not the main parliamentary chamber but a committee room where this debate will go on, del, probably for three hours. you mentioned hours from 4:30 to 7:30 here. there are actually two petitions that are going to be heard. one is the petition to ban donald trump from the united kingdom and then there is the second petition there put forward. it is much smaller. the second was an alternative motion that said people should not ban donald trump. that in the end what if he is elected president and they ban the next president of the united states from ever visiting the u

donald j trump should be banned from the u.k. the u.k. has banned entry to many individuals for hate speech. the same principle should apply to everyone who wishes to enter the u.k. the united kingdom is to continue applying the unacceptable behavior criteria to those who wish to enter its borders. it must be fairly applied to the rich as well as the poor and the weak as well as the powerful. ." business.ind our own if i can summarize the response, which wasn't entirely helpful to bolster petition, the government says that the government does not routinely comment on individual immigration and exclusion decisions. -- the home secretary has said that donald trump's remarks in relation to muslims are divisive, on thoughtful, and wrong. the government recognizes the strength of feeling against the marginalization among those he endeavors to protect. directlynment doesn't answer questions on those that are banned, but they did publish a list of 20 who were denied entry to the united kingdom between 2008 and 2009. to give you some idea, i want