law in the u.k. all local laws in the u.k. will be passed in westminster edinburgh cardiff and belfast. parliament which have the sovereign ability to reject any proposals if it so chose recognising will be consequences including for market access if we chose a different approach from the e.u. second will ensure a fair trading environment so under our proposal the u.k. and the e.u. which incorporates strong reciprocal commitments relating to state age will establish co-operative arrangements between regulations on competition and we will commit to maintaining high regulation re standards for the environment climate change social and employment and consumer protection third we would need a joint institutional framework to provide a consistent interpretation and application of u.k. e.u. agreements by both parties this would be done in the u.k. by u.k. courts and in the e.u. by e.u. courts with due regard paid to be case law in areas where the u.k. continue to apply a common rule book this framework would also provide a robust an

the u.k. with in the last few months. this bbc review talks on brent brexit negotiations, presidents visit to the u.k., and the royal wedding of meghan markle and prince harry. it is about 30 minutes. hello and welcome to a hot and sultry. opposition as the government grapples with the u.k. -- the european union. -- not a permanent limbo. there is drama in -- tries to the right have one. the nose to the left 300 and seven. problem the hostile environment of immigrants is the government promises more money the opposition asks who is paying. they belong on the side of a bus. put extransistently money international service. the u.k. is set to leave the european union in march 2019 there are some crucial things together before then. to set a legal black hole opening up after brexit giving them options change loss once we have left. battle a parliamentary that went on for nine months. with one --ld pass inflicting defeat after defeat after defeat on the legislation. there were 15 votes with huge ma

in terms of dispute in the u.k., it would go to the u.k. court and determined by the u.k. court. >> i understand that is the trajectory of your answer but i leave on the table the questions i have asked and i remain unconvinced at the moment. prime minister may: you and i i may have some lengthy discussions on this. [indiscernible] >> thank you very much. and good afternoon, prime minister. the white paper talks about stepping up plans for no deal. and so far there appears there is make announcements that what is being prepared for in the event of no deal. what is the basis of deciding when to announce of what is being done in preparation for no deal? prime minister may: there are two approaches that we have looked at. the first is the work that needs to be done by the government in determining the preparations and then the second is the point at which, to ensure that others outside government that would need to be involved have the information they need. of n -- the debate nature this afternoon, but the secretary of state for exiting the e.u. will be speaking out today. i

the u.k.house is a simple choice to make does it remain oriented towards its biggest market or is it trying to improve its trade ties which is what which is a relatively small export market for the u.k. as we saw over the last two weeks it has decided to maintain good relations with its biggest market this is a good idea now of course nothing is written in stone just yet that white paper has just been released and it offers basically to need to brussels house ways that know how but interesting enough it certainly excludes when it comes to closer relations and it clearly excludes the financial sector why is that you think. well the u.k. will and free movement of people when it leaves the e.u. from the start the e.u. is made absolutely clear financial service is off the table if the u.k. chooses to violate that key component of the single market so it's no surprise in a way the u.k. is simply realize that it cannot have financial services if it ends free movement of people on the side of the end

u.k. q relations the key elements there include the so-called facilitated customs arrangement designed to avoid a hard order in ireland as well as a free trade area in goods and agra foods but not in financial services now all in all london seems keen to maintain close relations with the e.u. after leaving the bloc clearly reaching a deal for the u.k. with both the e.u. and the united states may prove difficult. heard of trump's arrival in london plans for a softer price of maintaining close e.u. u.k. trade ties had already caused controversy the u.s. is a bastard or two the u.k. woody johnson warned that that would be a u.s. u.k. trade deal in the works would now be up in the year one deal has to come before the other the u.k. account finalized trade pacts on its own until after breaks it earlier this year free trade between london and washington seem more plausible trump even said a deal would be agreed quickly. the e.u. is the u.k.'s most significant market but the value of u.k. exports

and u.k. relations i have alex forrest whining with me in the studio and let's remind viewers of what happened before this press conference today where we just saw trump and theresa may walk in there holding hands but a few just a day or two before the strunk gave an explosive interview to a u.k. newspaper slamming may's handling of breck's at let's take a listen to what he had to say. you obviously do do like that it will most likely because we'll be dealing with the. european union instead of dealing with u.k. so it will probably kill the deal with if they do that their trade deal with the us is probably not viewed. as saying the trade deal with the us probably will not be made of bricks it goes through the way that theresa may once or why did that send such massive shock waves rippling through the british political establishment because two reason may have spent the last two years trying to get agreement within the party within government about what kind of brics it plan they want she thoug

the whole u.k. has to be in the customs union otherwise we'll have customs barriers between great britain and northern ireland which effectively splits up the u.k. so that's one of the reasons why some work will the other reason why it's unworkable is that it's asking for one of the freedoms of the single market which is a freedom of goods but not the other three services capsule and importantly people free movement of people in such a totality issue for the e.u. they will not allow the case to get benefits the single market without having free movement of people so john johnson why if the capital knows that it that it's unworkable that the e.u. is going to reject most of the proposals within the so-called checkers deal what why did the cabinet back it well the cabinet back to it because the they need to try and come up with a position that the tory party would accept and at the time when the checkers deal was finalized it seemed like to me. may had been able to ambush her here cabinet members with

s position and they already mention the u.k. will have to make for the concessions that i let merkel is very much aware of the difficult domestic politics the trees the man she's keen to keep the negotiations going on johnston for anyone who doesn't follow the money you show of british politics with the governing conservative party in such disarray where is the political opposition to surely with this mess they should be riding high in the opinion polls and would the opposition labor party be any better at delivering brigs it than the governing conservatives will certainly we've seen that labor party have not been able to fully capitalize in the polls in terms of taking over the conservatives. they have a problem also with brett their breaks that position is quite ambiguous for them i think at the moment as the opposition that works well they're able to allow the conservative party to tear itself apart and they only really have to face up to coming up with a plan for bracks it if the government falls over say they want to do tha

ot just in the u.k. in his pressit conference saying listen, right now, trade tariffs and tensions are not showing up in the overall economic statistics. the problem for the central banks is they have to be very careful in how they tread, to not look to political, and they can't really react until there to adjustng to react the uncertainty itself, you are seeing that within the fed presidents, the independent russian 10. influencing them. they're much more outspoken about uncertainty and what is -- what it is doing to the digital company's plans about their investment. the same is coming out of europe now. the uncertainty of trade with the u.s. is affecting business investment. i think it is important for central banks to stay very cautious in how they talk about even though it is something that clearly affects the economy over time. >> absolutely. the fed dual mandate looks at the unemployment rate and inflation. see that what we has been happening with the trade war might have been affecting the labor

there is twenty seven member states who the u.k.'s negotiating with and the people who are going to be doing the negotiating for the e.u. is of course michelle by me and the commission team so i know americal i wouldn't go so far as say that you know she saw this as an endorsement as her comments were an endorsement of obviously germany's position is going to stay the same germany has been adamant throughout the back to negotiations that there can be no cherry picking so that means that the you could can't carve off bits of the single market that it. once while not having to pay for any of its obligations germany has been one of the hardest countries in the negotiations germany and i'm glad merkel supposedly even asked why the u.k. should have a transition period after direct that because that is indeed what the u.k. needs in order to keep the continuity for businesses so i wouldn't go so far as saying angela merkel is endorsing the u. case position and they already mentioned the u.k. will have to make for the concessions that i let

in the u.k. scotland ireland as you know i have property in ireland and property all over i think that those people they like me a lot and they agree with me on immigration well of course our we decided to ask this question to the protesters here and see how much they actually like donald trump i don't know anybody that likes and i don't know anybody that wants him to come here we don't want him here do you think he's going to hear this message of people protesting that's not the point probably not although you never know but we have to protest anyway we can't do nothing. about five people in a row in a tory government the rest of the country got a body. signed up for. public rights as minister thanks very much. but the majority the country don't like him that's why people come out today donald trump said he thinks he's liked in the u.k. do you think that's true absolutely not it was absolutely look at the people on the balloon are. just not extremely loud here. to come. but it is a difficult pla

the u.k. government has opened up a bondage role supporting the saudis in the yemen conflict britain has acknowledged it has leaders all officers in riyadh the military command and control center were targets for or strikes are selected but insisted that they were only there in advisory capacity we've got live reaction coming up in a moment but first the details with danny hawkins this arsonist come from tory m.p. out of the book he's the minister of state for the middle east that before and commonwealth office specifically with regards to the role of u.k. personnel in saudi military control rooms there had of course been speculation for quite some time about the exact scale and depth of the u.k.'s involvement in the conflict with the british government everything in the past is a train advise and assist mission alongside the saudi military which indeed the country's foreign minister had. in the past. we have british officials american officials and officials from other countries now commandin

the u.k.'s own internal market. though prime minister can accept this. it would be a profound betrayal. know -- this is not on the table because it would not allow us to meet our commitments under the belfast agreement, that there should be no hard border between northern ireland and ireland. there is what some people say is on offer from the eu, a model that affects the european economic area, but going further in some places and remaining in the customs union for the home of the u.k. this would mean continued free move in, continued payment every year to the eu for market access, a continued obligation to follow law, no independent trade policy, with no ability to strike our own trade deals around the world. i firmly believe this would not honor the referendum result. if the eu continues on this course, there is a serious risk that could lead to no deal, and this would most likely be a disorderly no deal. without an agreement on our future relationship, i cannot see that this parliament woul

the u.k. is scheduled to leave the european union march 20 9, 2019. 29, 2019. >> thank you for coming. we will be covering brexit to start with for the first hour and then subjects of air quality, defense expenditure and restoration and renewal programs and if we have time, health and social care. we'll start the session -- the lastthe results of two weeks, wouldn't it strengthen your head to put the vote in the house of commons? may: i think what is important is we have important legislation in the house of commons. important with the withdrawal. we put the white paper, published the white paper. impot we have begun discussing at the e.u. level and we continue these negotiations. you can't constantly be setting out where we are in those negotiations. we are not going to do a running commentary on the negotiations, which is important that this is the government's position of that being put forward and it has been as we have seen been through the likely withdrawal and in the other pieces of leg

u.k. government plan trump's visit to britain gets up to a rocky start after he says the british government's roadmap to exit the e.u. would probably make the free trade deal with the united states impossible. also coming up syrian government troops recapture an opposition stronghold the syrian flag is raised about the city of toronto for mass protests in two thousand and eleven led to an uprising against the regime. and the defying iran's headscarf long news meets in the iranian women who were facing trial for not wearing his job in public. i'm sumi so much good to have you with us at the start of this four day visit to the u.k. the us president was invited to a dinner hosted by the british prime minister but at that very moment an interview with donald trump was published in which he blamed theresa may for quote wrecking breaks it trump said may's plans for a business friendly exit from the e.u. would leave it too close to the bloc he also questioned whether there could be a special u.s.

there are some reasons why the u.k. is there.uraging, over shadow all of that. >> the market doesn't seem to be reacting very well despite in the guidance they are expecting the second half of the year for retail investments and they're thinking it will be better it's down 25%. perhaps investors are wanting to see the results particularly from the partnerships. >> share prices are going to double there's a lot of good news already. i think this really is a long-term fight. patience just started building the first area it will take time for the earnings to come on stream i mentioned this morning they're hiring guys on the software side, hardware side, construction the u.s. international partners are getting this off the ground. what's key to the valuation of ocado is the partnership and how quickly the partnership is moving the program there are 20 fulfillment centers. the aman grocery market in the u.s. is quite well established the key here is the additional part and any supply is square in the u.s.a. >> you say the main risk is

u.k. time. 2, down. back up. our phones are more than just phones. they're pocket-sized personal trainers. [ upbeat music playing ] last-minute gift finders. [ phone chimes ] [ car horn honks ] [ navigation voice ] destination ahead. and discoverers of new places. it's the internet in your hand. that's why xfinity mobile can be included with xfinity internet. which could save you hundreds of dollars a year. it's a new kind of network designed to save you money. click, call or visit a store today. everybody.morning, 6:30 in london. not the haven it was. looking at the function on the bloomberg. it has lost ground against the dollar. the nikkei, up just over 2% in a rising asia-pacific. let's check in on the markets. sophie kamaruddin has an update. >> as you pointed out, with the yen trading at january lows, that is helping to provide a boost to stocks. asian stocks, they are gaining ground. we do have chinese large caps maintaining their advance. a happy friday so far for asian stocks. this desp

from the u.k.'s own internal market no prime minister of our united kingdom could ever accept this it would be a profound betrayal of our precious to him and while i know some might propose instead of free trade agreement for the u.k. as a whole this is not on the table because it would not allow us to meet our commitments under the belfast agreement that there should be no hard border between northern ireland and arland secondly there is what some people say is on offer from the e.u. a model that is effectively membership of the european economic area but going further in some places and remaining in the customs union for the whole of the u.k. . this would mean continued free movement continued payment of vast sums every year to the e.u. for market access a continued obligation to follow the vast bulk of e.u. law no independent trade policy with no ability to strike our own trade deals around the world i firmly believe this would not honor the referendum result so if the e.u. continues on this cour

the u.k., the royal wedding of megahn marckel and prince harry. this is about 30 minutes. ♪ music . >> hello and welcome to a hot and sultry westminster where the temperature has been rising inside the chamber and out. coming up on this program, government and opposition mps ministers as the government grafls with the u.s. exit from the union. >> open to the world. not the limbo of checkers. >> they have a plan for a principaled and practical brexit. faces a series of votes. the ayes to the right. the nos to the left 307. [ cheers and applause ] >> also on this program, promise an end to what has been called the hos still environment to immigrants in the wake of the scandal. and as the government promises more money, the opposition asks who is paying. >> the figures are so dodgy, they belong on the side of a bus. >> we have consistently put extra money into the national health service. >> but first, the u.k. is set to lead the european union in march 2019. so the government has some crucial le

in the u.k. saying that all gaming companies are to be headquartered in the u.k. . taxation and balance. of economic shocks in the future i think to be honest i think we're already preparing we're preparing for that at the end of the day gaming is heavily influenced by political will and that in itself means it's incredibly vulnerable no matter where it is or motor or whatever so it is heavily influenced by that so we're already preparing for that we're already creating new products and particularly the so d. l. t. space at the forefront of that and then i personally have been involved in helping with the branding and marketing for i.c.l. launches and so once they were already. sharing your skin moving on to new new things i think really as a community and attempt to. do it even when you're short of. real estate space to build a five star hotel that will get one floor. wanting to make three so it is a sort of innovative approach that is going to start. well i think the history of gibraltar speaks for itself i mean it's been it's been understood to protect the u.k. b

that the people in the u.k. . as you know i have property in our property walls and i think that those people. like me a lot and they agree with me on immigration. before his u.k. trip donald trump says he views a lot of reporting as a competitor not an enemy. and facebook labels thousands of russians as being interested in treason sparking concerns about the way the company is profiling its use. for broadcasting live from our studios in moscow this is our team international i'm trying really glad to have you with us the president has been welcomed by theresa may to a black tie dinner at a palace in oxfordshire but in the capital crowds that took to the streets are voiced their outrage over the president's visit which is a necessity if you're going to reports now from london the general mood here is that these people don't want donald trump to be visiting the u.k. at all in fact just earlier we saw this protest his helicopter was landing just behind us and things got extremely loud here these people are forced jus

would make such a u.k.-u.s. trade deal very unlikely. just for good measure he added that he would like to meet with boris johnson and added that he would make a good prime minister. well, those comments caused outrage as did the fact that the president was coming to the u.k. at off. -- all. with tens of thousands of protestors going to the streets to object to the president's policies on migration and his attitude toward women. his visit had much of the formality and tradition o a state visit it was described as a working trip. there was dinner with the prime minister and a group of business leaders before a trip to winsor for a meeting with the queen and tea inside winsor castle. but not everyone thought the visit was a great success. >> trump looked more comfortable traveling next to putin than the prime minister. how can she justify sabotaging our secure economic relationship with our friends in the e.u. and crave favors of a man who prides himself in shredding the rules based order? >> minister -- >> the honorable lady, that is not

is true in the u.k. now is like they're treating the u.k. like greece did become an easy country to attack financially and profit from its demise but my point is not that the is good my point is that the e.u. had a influence on the u.k. that made the u.k. less horrible if you take the e.u. out all you're left with are now parliament the u.k. all the institutions of the u.k. unchecked by any civilised and smaller metal whatever northern ireland is going to be gone so now you've got all these predatory creepy men piers in the prime minister and all these institutions like the b.b.c. preying on children it's nothing to stop them no rules and you just attacking the population unmercifully so here are some more corporations leaving we're just going to go over some of the data just to show you state of play a lot of companies have been kind of waiting they've been doing a waiting game because you know for the past two years they've been trying to drown the fish as they as we learned as a good phrase in france they were drowning the fish hoping tha

ambassador's residence to the u.k. and this is the place where donald trump will be spending just one night in central london four so for many of these protests this is pretty much as close as they're going to be able to get to the u.s. president but of course none of this seems to be facing donald trump who believes he's very much liked in this country protests there there might be protests but i believe that the people in the u.k. scotland ireland as you know have property and island property all over i think that those people there. i like me a lot and they agree with me on immigration well of course our we decided to ask this question to the protesters here and see how much they actually like donald trump i don't know anybody that likes and i don't know anybody that wants him to come here we don't want him. to think he's going to hear this message of people protesting that's not the point probably not although you never know but we have to protest anyway we can't do nothing this man is evil is law about five people

america and the u.k. have a special thing going special relationship they called it language culture values defense then came trump but surely he can't ruin it right the special relationship between the u.k. and the u.s. has been strong for many years and will have opportunity to talk about a possible future trading relationship really remember barack obama when he came around they couldn't get enough of him everyone wanted to shake his hand and get a picture what a swell guy. trump just doesn't have the charm it seems where barbara was greeted with cheers and applause trump gets protests and outrage even a giant trump baby balloon and americans being told to avoid drawing attention to themselves be aware of your surroundings and exercise caution and expect to live in the vicinity of large gatherings keep a low profile. one would imagine a special relationship would be a little friendlier but what do we know who to say hip in this explosive and politically divided age of ours but why they hate ok trump di

here in the u.k. there are various so civilian groups in the u.k. that are trying to monitor drone strikes but it obviously is very very difficult but the problem is growing definitely and it's it is a worry and i thank so much for joining us here on out international sharing some of your friday with us here at moscow they'll be plenty more of your friday worldwide news headlines in about twenty five minutes. tomorrow there may not be any and i mean and maybe bacterial life it may not be anything intelligent but i think it's probably there's some intelligent life out there and certainly from now we can we can send a robot to interact with some of the species out there. today there are four million students studying abroad a trend is on the rise in the game of global competition international students are very much coveted the best research graduates are entirely taken care of as for the huge number of students that can afford studying abroad they represent an irresistible financial honeybunch the expression global student market has become a househo

and u.k., where brexit is a success from a u.k. perspective because a key thing is to be able to strike trade deals independent of the eu. is the markets, the pound trading on the back foot. it is not moving that much yet, but the longer this drags on, the more difficult it will be for the pound to move higher from here. matt: i wonder what you think about the rising rates on the 10-year, especially after we heard from jerome powell. is that set to continue? a new bloomberg forecast sees rates rising a bit, but gary shilling said over the weekend he doesn't the any reason for them to rise too much. there are still buyers out there. right.: that is probably across the curve, i look at the two-year part of the curve at around 2.6%. that is an attractive level. that is turning u.s. cash into a very attractive asset class in and of itself. you didn't have to go too far back in the calendar to actually see you need to go far out the curve to get that yield. the fact you can get it in two-year u.s. paper is attractive. that will attract

ambassador's residence to the u.k. and this is the place where donald trump will be just one night in central london for so for many of these protests this is pretty much as close as they're going to be able to get to the u.s. president but of course none of this seems to be facing donald trump who believes he's very much liked in this country protests there there might be protests but i believe that the people in the u.k. scotland ireland as you know i have property and island property all over i think that those people they like me a lot and they agree with me on immigration well of course our we decided to ask this question to the protesters here and see how much are they actually like donald trump i don't know anybody that likes and i don't know anybody that wants him to come here we don't want him here do you think he's going to hear this message of people protesting that's not the point probably not you never know but we have to protest anyway we can't do nothing. about five people in a row in a tory government t

and i thought most of the people in the u.k. think and you've seen through the the response of the crowd funding i was also saying to you can't you don't get to represent the british people you don't talk you know elected to talk on our behalf and it's not what we the majority of the british public feel is your personal vendetta there with donald trump and it's using his position as mayor and it's abusing its position as facts to allow this to go ahead this wouldn't happen if it was a baby obama group just wouldn't happen i think it's. just i don't like donald trump i think it's disrespectful i think it's actually. quite rude and disrespectful to have to play in and i think we should have more dignity would you have endorsed an image of you depicting you for argument's sake as a pig which would be very offensive to muslims would you endorse but if it's peaceful and if it's safe yes really as offensive as root. he dead sea or life t.v. that he would be up for it so he can't really complain about it. damning video has led to the r

and the u.k. going forward something that the current leadership in the u.k. these people believe are not providing. all right thank you very much nice back with all the latest on those protests on the second day of trump's visit to the u.k. . or coming out we're going to bring you our other top story this hour disgraced former prime minister nawaz sharif and his daughter arrive in pakistan where they are expected to be arrested. the a. hello there the telephone has now vanished over china but it's not staying dry for all of us this is where the story was you can still see one or two showers here but nothing too excessive the wetter weather is towards the south you see bright white areas of cloud over many parts of the philippines across the southern parts of china and into the northern parts of vietnam as well and this is the region where we're expecting the wettest of the weather not only on saturday but also on sunday as well so staying very very wet here they could be reports of flooding for some of us as we head through the next few days out towards the w

the whole u.k. has to be in the customs union otherwise we'll have customs barriers between great britain and northern ireland which effectively splits up the u.k. so that's one of the reasons why some work will the other reason why it's unworkable is that it's asking for one of the freedoms of the single market which is the freedom of goods but not the other three services capsule and importantly people free movement of people in such a totality issue for the e.u. they will not allow the case to get benefits the single market without having free movement of people so john johnson why if the cabinet knows that it that it's unworkable that the e.u. is going to reject most of the proposals within the checkers deal what why did the cabinet back it where the cabinet backed it because the they need to try and come up with a position that the tory party would accept and at the time when the checkers deal was finalized it seemed like to me. may have been able to ambush her here cabinet members with the hop

.he u.k.hursday it is pretty much a done deal they will be raising interest rates by a quarter of a percentage point. neil: it seems like it. most bank of england watchers are thinking it does look like a done deal and markets are giving an 85%, 90% probability to a rate hike. the u.k. economic data generally has been reasonably ok, quite solid. positiveys have been as far as the manufacturing sector. inflation is coming down. i think the bank of england is perhaps concerned that wage inflation might start pushing up. again, that is not totally clear cut. ,t does look like a rate hike mark carney is infamous for his inconsistency as far as forward guidance is concerned. i want to point out the at sixi trading today point 82 offshore. talk about the chinese exchange rate and what it means for you at vtb capital. neil: i think that is a very relevant question because a lot of people in the market do keep an eye on the dollar renminbi exchange rate when the renminbi weakens, some converters argue

u.k. time. what does he have to say about the u.s. economy's resilience in the context of a trade war and the potential for inversion in the yield curve as well? morgan stanley talking about how that could be a possibility mid 2019. juliette saly is in singapore. raisede: officials have the prospect of resuming trade between the two nations after donald trump ratcheted up the pressure by announcing a huge new round of potential tariffs. after washington unveiled a list of chinese imports were $200 billion that could face higher duties, beijing called on america to resolve the conflict. signaled house is also it could restart talks. is two of the nato summit taking place. donald trump expected to remain on the offensive against american allies. house speaker paul ryan call the organization indefensible, but added that the president is right to push other countries to pay more for their defense. that came as the house passed a nonbinding resolution supporting nato. u.k.'s seeking to strike new tra

and u.k. so special forces working together that the u.k. is going to spend twenty four billion pounds on u.s. equipment that the u.k. is going to send four hundred forty extra troops to afghanistan she thanked still no trump for his support over what happened in salzburg with the attack on the script pools which is obviously talking about what the u.k. police was a russian attack and that the u.s. expelled sixty russian diplomats and she also got into that that they have agreed that they want a free trade agreement when the u.k. actually leaves the e.u. so she did everything that she could to get this whole meeting back on track and to say this is what i have got for the u.k. there are a lot of elements that she wanted to focus on terms of what was positive for their relationship but there was some contradiction right because before this press conference he made some comments but now he says he'll stand by any decision that she makes let's have a quick listen to that. i also want to thank prime minister may for pursuing fair and reciprocal

the u.k.custom borders open with the eu? what happens to services? this is bloomberg. ♪ guy: welcome back. european market, mixed at this point. turkey continues to be down, around 1%. most of the european markets are trading a little to the upside, .3%. the london market, up .2%. deal.k. is striking a new with services around the world. theresa may will set out her vision for a new free trade area in the brexit white paper today. how will that go down in brussels? goods and services, two different phenomena when it comes to the strategy with the eu. where are we in this process? i am confused. kit: our position is gradually giving up on the single market. the single market is the single marketing goods and services but a customs union is pretty much a custom union that is much harder for services. banker and want to trade in the states, you have to have a business in the states regulated in the states. if you are a lawyer or accountant, likewise. that is how services get regulated and move. i

i mean the u.k. trading partners as it tries to renegotiate what that looks like with europe and there's a lot of hope that a u.k.-u.s. trade deal would be helpful. >> absolutely right, and i think that's exactly the reason the dinner tonight is attended by so many business leaders. the prime minister there hoping the case the president that tariffs should be removed once the u.k. has left the eu it is plausible when you look at the numbers that the president could verbally agree to some positive steps on that if we look at the numbers the u.k. is is the u.s.' largest export location within the eu, and the level of trade is fairly balanced as well total trade, $230 billion per year of course hands are tied on the u.k. side at this point. that's one of the arguments for brexit and a win for cureetherea would be getting a verbal commitment a free trade deal could happen in the future >> thank you very much for bringing us the updates from london, which does not look like 9:10 in the evening there. >> i

and u.k. relations it's all about damage control today after donald trump's harsh criticism of london's breck's it strategy his comments of course come up to london released its proposal on future trade relations with the e.u. after a break says the so-called white paper was released on thursday and the key elements here include the so-called facilitated customs arrangement designed to avoid a hard border in ireland as well as a free trade area in goods and but not in financial services however all in all london seems keen to maintain close relations with the e.u. after leaving the block and clearly reaching a deal for the u.k. with both the e.u. and the u.s. may prove difficult ahead of trump's arrival in london plans for a softer break that maintaining close e.u. u.k. trade ties had already caused controversy the u.s. is i'm baffled or to the u.k. woody johnson warned that that would be a u.s. u.k. trade deal in the works would now be up in the air. one deal has to come before the other the

a deal that builds on the u.k.'s independent trade policy, financial services cooperation, and as two of the world's most advanced economies, seizing the opportunity of new technology. all of this will further enhance our economic cooperation, creating new jobs and prosperity for our peoples for generations to come. the u.k.-u.s. relationship is also defined by the role we play on the world stage. doing this means making tough calls. and sometimes being prepared to say things that others might rather not hear. from the outset, president trump has been clear about how he sees the challenges we face. and on many we agree. for example, the need to deal with the longstanding nuclear threat of dprkk -- dprk. to which the u.k. is proud to be contributing expertise. or the need to address the destabilizing influence of iran in the middle east, where today we've discussed what more we can do to push back on iran in yemen and reduce humanitarian suffering. or the need for nato allies to increase their defense spending and ca

there were people in the u.k.ho thought they might have a love actually moment where theresa may is standing up to president trum evoking pickford's left wrist. it didn't happen exemption -- except on the one iss of immigration where the prime minister said overwhelm immigration has been a good thing for our country. there are a couple of things r donlt trump to be consistent. he is consistent on not likin multi-lateral organizations, on not liking immigration and the feeling that america has had a rough time and bad deal from its allies. as european allies navigate how to deal with this president, those are things thew k they can rely on. robert: as european leaders trialo deal with this, they look at what happened in the e to summit and see president try to push up spending on military from 2% to 4%. hat did they make? kayla: you saw this one quote appearing many places from nato official. we thought it was bad goingdn ven though our expectations were low, it was worse coming out of'9". that was a startling admi

u.k. set to spend twenty four billion pounds on u.s. equipment and support over the next decade today we've also discussed how we can deepen our work together to respond to malign state activity terrorism and serious crime in particular on russia i thank president trump for his support in responding to the appalling use of a nerve agent in salzburg after which he expelled sixty russian intelligence officers and i welcomed his meeting with president putin in helsinki on monday. we agreed that it is important to engage russia from a position of strength and unity and that we should continue to deter and counter or efforts to undermine our democracy is turning to our economic cooperation with mutual investment between us already over one trillion dollars we want to go further we agreed today that as the u.k. leaves the european union we will pursue an ambitious u.s. u.k. free trade agreement the checkers agreement reached last week provides the platform for donald and me to agree an ambitious

the whole u.k. has to be in the customs union otherwise we'll have customs barriers between great britain and northern ireland which effectively splits up the u.k. so that's one of the reasons why some work will the other reason why it's unworkable is that it's asking for one of the freedoms of the single market which is a freedom of goods but not the other three services capsule and importantly people free movement of people in such a totality issue for the e.u. that they will not allow the case to get benefits the single market without having free movement of people so john johnson why if the capital knows that it that it's unworkable that the e.u. is going to reject most of the proposals within the checkers deal what why did the cabinet back it where the cabinet backed it because the they need to try and come up with a position that the tory party would accept and at the time when the checkers deal was finalized it seemed like three. may have been able to ambush her here cabinet members with the

if you force the u.k. to choose between u.k.nada, you get a last-minute crisis. tom thought he was coming to europe to follow donald trump. tom: i was so intimidated in with rupert harrison that i corn a bot -- wrote about laws and peel. maybe we can talk about investment at some point. .our briefing across america "bloomberg daybreak." please stay with us from westminster. this is bloomberg. ♪ foror: microsoft is going the low end of the personal computing market, coming out with a cheaper service pro tablet to compete with the ipad. it goes for $399, half the price of the current service pro tablet -- current surface pro tablet. according to customer growth partners, school shopping will rise more than 5% due in part to higher disposable income and a strong labor market. that may indicate retailers will also have a strong christmas season. excitement about england's performance in the world cup has boosted consumer spending on televisionsues, and , up 5.1% in the past year. much.ne: thank you so we are back here at westminster