had invited the u.k. to quote remove the problematic parts of their draft internal market bill by the end of september and that they have failed to do so. the problematic provisions have not been removed. therefore the smarting of the commission has decided to send a letter of notice to the u.k. government this is the 1st step in an infringement procedure. the next invites the u.k. government to send its up salvations within a month. and besides these the commission will continue to work hard to it's a rule and timely implementation of the withdrawal an agreement we stand by our commitments so what does this mean. for bret's it joining us now to discuss his book are told that investigative journalist been sworn in hillary ford which board member with the british american business association thank you again both for being here the other i want to start with you here because i want you to lay out how this proposed legislation by boris johnson's government violates the agreement or at least from their persp

and the u.k. they must be prepared for the reality that no deal might happen is this just bluster or are they serious about this while i think they are but of course you're right about the blustering in that but neither side can appear weak they cannot appear weak and they cannot appear weak to their electorate i would say with regard to angela merkel don't forget she does not to the brussels bureaucrats who did she also too shall insist to the german public and the to kuli the german corporate engine that german corporate engine is comprised of course a lot of common in fact as b.m.w. mercedes to mention just the 2 and of course siemens and other great manufacturers that sell their white goods into the u.k. when she says it has to be in that. the to the benefit and the interest of both parties she's talking about those german manufacturers that definitely want to do trade with the u.k. they don't want barriers they don't want lines and they don't want to hold ups so she's actually raking a thin l

it is a very good deal for the u.k.de asirst for the an independent trading countries more than 45 years. we signed the deal this morning. anna: yes, we saw the pictures. which parts will be easier to attain, which financial sector services will be celebrating this deal? minister hands: anybody looking to offer financial services in japan, and also the bank rules are bringing big benefits , and removingms those really bureaucratic and ,nnecessary data location rules and we have removed that. so that will make it a lot easier for fintech firms. anna: ok, so fintech, to keep an eye on that. u.k. companies trading with the you are going to be facing some changes, aren't they? whether that is customs declarations, rules of origin documentations, animal health certifications. if the government going to compensate businesses for the higher cost at all? minister hands: well, look, we are focused at the moment i'm making sure businesses already. you are right, even with a trade deal with the european union -- which we are worki

i think the u.k. will see its kind of premium on luxury and continue in the future the kind of made in british element to a rolls royce or bell is important but in terms of the mass industry you know if you think about nissan or toilets or vauxhall which is owned by persia many of those plants actually export most of their production to the e.u. now in the event of no deal and tariff barriers there's a question mark about whether that is viable so the mass scale industry could actually down the line disappear. good fish is planning to move its car parts production to eastern europe. jaguar land rover a major customer has already opened a large planted it slovakian subsidiary. and greg mcdonald has been there looking for a factory space for his company. at least send their quit over there hire people of already been speaking to agencies i've really got a team of people out there who would like to come and work for us they read about us by googling new came out of factory moving just like it. a free tra

as the u.k. prepares for this for come january there is a new report that indicates that more than 7500 finance jobs in a trillion pounds in assets have already left britain for the european union are we expecting to see more of this as we move forward as we move towards the end of this year. i think we absolutely could it goes back to what we've been saying kind of the theme of this segment today right which is that the e.u. is doing everything in its power to make life difficult there's a statement that came out saying essentially that the e.u. is saying they are only going to work with select access for the city of london's range of financial services after a break that takes place essentially saying when they're trying to create something through a program called equivalent systems that have been set up in europe to try to say that they're only going to have certain select financial operations that could take place in london look it's again a go it goes back to this idea that they are attempt

u.k. trade deal would help bolster the u.k. economy at the start of this year as you can see it was already struggling but the coronavirus pandemic has caused a drastic drop in q 2 g.d.p. since then it's recovered a little bit nowhere near to its previous level the latest u.k. unemployment data puts the rate at just 4.5 percent only a little higher than it was a year ago however the u.k.'s office of budget responsibility says a 2nd wave of the virus could push that up to nearly 12 percent by the end of this year the pound has been looking healthier in recent weeks though suggesting traders expect a brick city of despite all of the quarreling however there are those who say that boris johnson the prime minister doesn't even want to deal with the e.u. that's a prospect we put to maria de met cis deputy director of the brussels based think tank group are some of it might be political expediency post your read by the men at the end of the day if you're a producer you're looking after the best you can 3 you really do want a deal i d

and the u.k. as we move forward so it's getting to be quite a high wire stakes here both sides are facing off the official the official dispute resolution process has now been triggered but there really isn't a lot of time left is there before we head to that crucial october deadline and then a hard day exit from the the trading arrangements the continuity arrangement that isn't place between the u.k. and the e.u. . well let's be clear about one thing that october 10th line was set by the british government it was not set by the e u it was set by the british government the government of boris johnson which clearly suggests that they are prepared if required to depart the european union in such a way the hardest possible way without any form of acceptable agreement between itself that's the u.k. government for the u.k. and the european union the interesting as you were saying about the high a negotiation stakes as it were well it's clear that the european union is negotiating as a bloc 27 countries

in the u.k. are continuing talks regarding the continental bourse just on the other side of the pause we bring you up to speed on the state of negotiations go to break here the numbers of. you know we've broken a lot of stories over the years the hoax that is the fracking industry we broke the global structure against banker occupation and a bunch of other ones that we were in the lead covered it nobody else did i think now we've got a tiger by the tail here i think we're in the midst now of handing up the torch from the u.s. to china the push to distract is upon us. it just gets more and more evidence coming in. the maternity town the slums go in and you may never get out some sort of the most of. my teenage gang rules here. no one of you who don't know let the mind of those who were. but. named me will be. told will come out on. my land seeing her. was. looking for the yeah. and melanie went up in. the mccain who commutes all i see. seemed wrong. just don't call. me. yet to shape out these days

prime minister boris johnson now insists that the u.k. have the right to change that agreement in the future without consulting the european union johnson says this is about preserving u.k. sovereignty europe says britain is a country on an agreement and violating international law in the process. this draft bill is a by its very nature a breach of the obligation of good faith laid down in the withdrawal agreement moreover if adopted as is it will be in full contradiction to the protocol of ireland northern island. the deadline lapsed yesterday the problematic provisions have not been removed therefore this morning the commission has decided to send a letter of formal notice to the u.k. government this is the 1st step in an infringement procedure. ursula from the lion there talking about the 1st step joining me here at the big table to talk about that is briggs and what's a commentator john worth a familiar face to our viewers good to see you again john so you what u.k. lawmakers they're not arguing with the european union here they agree

the u.k. says talks are over. prime minister boris johnson spoke on that earlier today. pm johnson: given that they have refused to negotiate seriously for much of the last few months, and given that this summit appears explicitly to rule out a canada style deal, i've concluded that we should get ready for january 1 with arrangements that are more like australia's, based on simple principles of global free trade. under in australia type deal, there would be no competence of agreement, and the bulk of trade would be done under less favorable wto rules, where both sides could impose tariffs. joining us from london are mij group managing director, and judy dembski -- and judy dempsey, carnegie europe fellow. this is what we all sort of feared, a crash out hard brexit. think the markets have priced in some of the drama we are now seeing. we are in the final stretch of negotiations, and as such, things are necessarily going to be a bit rockier. we are heading into that zone now where the big compro

exactly what the u.k. wants what the u.k. wants is to be a sovereign nation that can make trade deals across the world to the u.k.'s benefit not to the benefit of the e.u. right again let's round this whole conversation into one point the e.u. is desperate now bats why bonnie are staying in london because he sees and the e.u. and the brussels bureaucrats see these agreements being right around the rest of the while they know the u.k. is going to flourish. it will reform which of the british american business association thank you so much for your time your breath away. for this time on boom bust we'll see you next time. you know we've broken a lot of stories over the years the hoax that is the fracking industry we broke the globalist record against banker occupation and. a bunch of other ones that we were in the lead covered it nobody else i think now we've got a tiger by the tail here i think we're in the midst now heading of the torch from the us to china the pursuit of this trap is upon us. it just gets more and more evide

exactly what the u.k. wants what the u.k. wants is to be a sovereign nation that can make trade deals across the world to the u.k.'s benefit not to the benefit of the e.u. right again let's round this whole conversation into one point the e.u. is desperate now that's why bonnie are staying in london because he sees and they you know and the brussels bureaucrats see these agreements being right around the rest of the world and they know the u.k. is going to flourish on the back said hilary ford which of the british american business association thank you so much for your time leisure breath away and that's it for this time on boom bust we'll see you next time. someone else seems wrong. why don't we all just don't call. me. yet to ship out these days to come after. and in detroit because betrayal. when so many find themselves worlds apart we choose to look for common ground. you know we've broken a lot of stories over the years the hoax that is the fracking industry we broke the global structure against banker occupation and a

the u.k. prime minister set to announce new coronavirus alert levels today. boris johnson will undergo plans with areas of medium, high and very high alert. the u.k. central bank has said it isn't currently plan to cut rates below zero, but is doing the groundwork on the issue. is head of research at blackrock investment institute. thank you for joining us on this monday morning. when you look at the number of restrictions, of a of infected in europe, does it make you more likely to question the initial v-shaped recovery we are waiting for? because thel v-shaped recovery was always something that was slightly clouding the real issue which is not about the progress is with the v-shaped is about. but it really about the level of activity and given the highly unusual downturn we were experiencing, we need to keep looking at the level of activity which has been rebounding as we came out of lockdown and is still running ahead of original expectations and that's why we revise theirimf forecast. >> w

exactly what the u.k. wants what the u.k. wants is to be a sovereign nation that can make trade deals across the world to the u.k.'s benefit not to the benefit of the e.u. right again let's round this whole conversation into one point that you it's desperate now that's why bonnie are staying in london because he sees and they you know and the brussels bureaucrats see these agreements being right around the rest of the wall they know the u.k. is going to flourish on the back said they were for much of the british american business association thank you so much for your time your breath away and that's it for this time on boom bust we'll see you next time. and sort of amazing country with so many friends in russia and i'm very excited to be here. i love that idea i think i can do the. different i make a lot of money with them but they make millions and hundreds of me. here is a. great wall and nobody builds a lot better than me believe and i'll build a very inexpensive like a great great wall. 'd just in case you're worried abo

side and frost his u.k. counterpart trying to de politicize those talks about the substantive issues that they're trying to get to grips with things like fisheries policy or state aid so how much governments can subsidize failing industries and so therefore they've tried it in the e.u. has tried this all along is to keep those type of those technical talks going while at the same time the high level politics has become increasingly sour but maybe we're reaching the end of that i think what is ultimately going to boil down to is some high level political agreement that would be needed some point of it's going to be a very rocky end of october beginning of november if we haven't got an agreement by then then both sides are going to have to plan for the worse but we nor quite about staging what happens to the ukase reputation globally if it breaks international war as it currently is planning to do right now this is very very important because britain has said ok we might have a souring relationship with the eu

u.k. good rewrite its lawbreaking brexit bill, a move that may revive talks with the eu. sterling gains on that. plus, restrictions tighten as virus cases surge around europe. italy is the latest government to add lockdown measures, prioritizing its struggling economic situation. under one hour away from the start of cash equity trade in europe. let's take a look at the futures this morning. if you pull up the european equity index futures you will see a pretty mixed trade. you have ftse futures trading a little lower, now bouncing off up about a quarter of 1%. ftse futures are a little changed right now. take a look at the u.s. futures picture. you have more green arrows there. dow jones and s&p many contracts up 7/10 of 1%. nasdaq 100 many futures up 9/10 of 1%. what have you got on the gmm screen? and: let's put up the gmm see where we have been through the session. u.s. futures pointing higher. the upside.adly to interesting to see how positive things are in japan. japan's nikkei 225 r

side and frost his u.k. counterpart try to deep politicize those talks about the substantive issues that they're trying to get to grips with things like fisheries policy or state aid so how much governments can subsidize failing industries and so therefore they've tried it and the e.u. has tried this all along is to keep those type of those technical talks going while at the same time the high level politics has become increasingly sour but maybe with the end of that i think what is going to boil down to is some high level political agreement that would be needed some point of it's going to be a very rocky end of october beginning of november if we haven't got an agreement by then then both sides are going to have to plan for the worse but we're not quite at that stage yet what happens to the u.k.'s reputation globally if it breaks international war as it currently is planning to do right now this is very very important because britain has said ok we might have a souring relationship with the european union

suggests on the part of the u.k. government and that's important to stress here the other thing to say here is that while the u.k. says it has to concern itself with the best situation for its own constituent parts the e.u. is saying effectively the same thing and that issue of what happens between northern ireland and the republic of ireland cuts to the very heart of this is the public of all it is clearly a member state of the european union and the e.u. which negotiators o'clock passed to represent the republic of ireland to its best extent and it says therefore the this is the way to go the other thing to point out here is that the european union really wants to stress its it is acting in good faith it is fulfilling its obligations it stands ready to do that but it does rather cast a shadow over negotiations if the u.k. government is not prepared to adhere to certain things it said it would do in some negotiations while it's still as paul was saying still negotiating about trade deals and that sort of thing with

steel industry u.k. metals group liberty house has made a preliminary bid for the steel operations of germany's twist in corp such a deal would see a merger of 2 of the top 4 steel producers in europe the industrial lawnmower to send crude has long been looking to exit the business due to exposure to the struggling car industry and of course the impact of the corona virus pandemic. w. financial correspondent chelsea delaney is in frankfurt for us chelsea the steel business has long been quite tough prices are low it's difficult to make a profit what does liberty see interest in comp. well the bernie really seized his and present as a way to build scale so that they could potentially take on all of these challenges that the industry is facing and it's not just the coronavirus which has severely impacted demand for steel but it's also longer term problems they are dealing with the immense cost to transition away from. non-sustainable energy sources they are dealing with a lot of cheap imports from asia the

and bodies to come into the u.k. to try and assist them in their struggles for justice well we might as a guest on our own but one thing he has promoted on the front bench of people that some of him have supported the iraq war i think many people may be surprised that you've jumped from police deaths in custody in the cells of police stations and a war that killed maimed torah displaced tens of millions of people what is the exact connection. well the connection is one of power one of abuse and one of the rights of even beings to write the right to life wherever they are whether they're in brixton or in bus or they have the right to life and it's the police in the u.k. who is shooting people like john charles a minute and it's it's the army the u.k. army are issues that people in bastrop so somebody that's being killed and to the family that's fighting for justice they really can't see any difference in terms of how they treat of course the situation of war is very straight very different to a civil situation we are

in a u.k. saying not very strong growth of opportunities, new jobs coming through, not the kinds of jobs that match up with those who are losing their jobs who have care and responsibilities to be flexible. ana: are you arguing for circuit breaker, a more full crossd down a england? schools are learning how to operate safely in a covid-19 environment. why do you suggest it would be sensible even in low infection areas to put in place a circuit breaker? anneliese: we have got to be honest, the window of opportunity to have that approach over the half term holidays is reducing. we only have a few hours, and government would have to call if it was going to work over the half term. if it did take lace, the impact on education would be smaller. i am concerned with the government's current approach, they said they would not accept a circuit breaker now, but they do not seem to rule out being forced into a longer and more damaging lockdown down the line. the problem we have is half the country living

exactly what the u.k. wants what the u.k. wants is to be a sovereign nation that can make trade deals across the world to the u.k.'s benefit not to the benefit of the e.u. right again let's round this whole conversation into one point the u. is desperate now that's why bonnie are staying in london because he sees and they you know and the brussels bureaucrats see these agreements being right around the rest of the world and they know the u.k. is going to flourish on the back said they were for much of the british american business association thank you so much for your time your breath away and that trip for this time on boom bust we'll see you next time. is you'll be a reflection of reality. in the world transformed. what will make you feel safe. isolation from the community. are you going the right way or are you being led. by. what is true what is faith. in the world corrupted you need to descend. to join us in the debt. or a made in the shallowness. congo . the maternity town the slums go in and you may never get out so t

we know that a lot is at stake for the u.k. we know that the u.k.conomy is hit incredibly hard by the coronavirus pandemic. this will bring economic damage further into the next year, and brexit, if there is no deal, that would be a real long-term harm for the u.k. economy, and boris johnson will not be the one to walk away from these talks, very likely. phil: we heard emmanuel macron say britain needs a deal more than the eu does. do you get a sense eu leaders are getting fed up with british tactics? >> watching emmanuel macron talk today in brussels, you could certainly have the impression that he seems to be fed up. he was quite blunt, accusing the u.k. of using tactics and saying that making boris johnson happy is not the job of the leaders of the member states that decided to stay within the european union, so you can have this impression that leaders here are getting more and more disappointed and impatient with the way boris johnson and his government are handling the matter. phil: thank you for that. thank you both. germany has one of the lo

because if the u.k. continues down this road and refuses to on the supplications that we're going to end up in a realm of rule power politics may come in place to do you can refusing to comply with international law michael gove the ukase bragg's it minister has been saying that negotiations are carrying on as normal that there are some things still to be ironed out but a lot of these negotiations from an outsider's point of view at least seem to be based essentially on trust the people are going to do what they say they're going to do and one would imagine that given the circumstances that trust has been seriously undermined when it comes particularly to these negotiations. well it's true and i mean we just have to look at the way that government has behaved leading up to decide to go to a short agreement which we should all remember that this was what one bush wants from the last election that he was going to implement the workload agreement and get u.k. out of the e.u. but it's true that this is all b

security forces police in the u.k. well what we've done is we've worked with a group of families over a long period of time to tell their stories books tell the stories of the caltex what was happening in the u.k. when we show which was in the early 2000 so we have the iraq war going on and in fact one of the one of the people who was killed by the police station. was itself a paratrooper so the connections between the 2 issues of rule and policing our own . very chair in the zone i'm gonna hold is one of the main characters in the show who tries to get justice for speaks very openly about the connection between more policing and it's something we we shall have to be told because these issues can't really be separated and what we did is we worked for 15 years with a group of families to tell a story and also to tell the story of the nation and the story sums of how people in this country are willing to accept violence in their name whether it's in terms of war or whether it's in terms of policing and we find that total

and the u.k.perspective, irrespective of who is in power in washington, that support is vital, and we feel that that support will continue. tom: wonderful to have you with us today. down toance i wandered the hayfield manor hotel in cork and wanted to dabble in flyfishing or something, that's great. that's the image of the island. that's the image of ireland. this fishery issue is really real and really ancient. how do you see it broken? how do you see it where we can come to a collegial agreement from the netherlands through great britain to ireland? what is the path to getting the fish story fixed? mr. mcgrath: first of all, you would be welcome anytime to cork and to the hayfield manor. i take it you've been there before. they wander for -- a wonderful hotel in our city. but the issue of fisheries is a difficult one. there's the common fisheries policy within the european union , when it comes to fishing in the territory waters of different nationstates. it is a complex issue. it runs deep, but

that is the key concern for the u.k. because the u.k.hed, as financial services, they want to ensure there is access to the eu market. if the trade agreement goes beyond the traditional trade agreement to make that possible, and at the moment the way the negotiations are going, there were concerns that free-trade agreement may not go far enough to cover that. do all outside countries that make trade deals with the eu have to agree to have state aid issues decided by the eu court of justice? is itld it maybe be -- more typical to have a third party decide such issues? it seems more fair to have a third party than have the u.k. subject to eu law. yes, absolutely, most free-trade agreements provide for this process specific to that free-trade agreement which would be an independent body. as opposed to this resolution body of one of the two parties. from the perspective of the u.k. government, it would be absolutely unacceptable to have to rely on the supervision of the european court of justice to decide any matters pertaining to trade in t

takes the u.k. to court over breaks it european commission president also found a line says britain has breached its obligation of good faith this soft and u.k. prime minister boris johnson proposes a draft bill. to violate the breaks it's treaty agreements with the e.u. . must china's national day not everyone everyone is in the mood to celebrate police arrest dozens of anti-government protesters as chief executive terry lamb hails a return to stability. district's new security the imposed by the age of. what's often called the alternative nobel prize are announced we take a look at the people on earth for their activism by this year's right livelihood award. and in soccer here's another trophy for by munich this time beat dortmund to win german super cup. welcome to the program and we start with breaking news european commission president also a funnel line says the u. has begun legal action against the u.k. government of prime minister boris johnson for violations of the brakes it withdrawal agre

is telling the u.k. government to move on their red lines for a post break trades deal will prime minister boris johnson not call off the talks also coming up germany's industrial heavyweight tizen corp has long been struggling to stay above water now the sale of its former core business could prove to be a lifesaver and france's fearing a lost generation among its years those hundreds of thousands of them want to enter the labor market while the economy is shrinking. across the program leaders have called on britain to quote to make the necessary moves to make a post brags its trade deal possible. now this demand didn't go down well with u.k. government which is still wrangling with brussels over their political and economic ties future relations with out a trade deal don't just pose a risk to british businesses but to companies in the european union as well and the break that effect is already visible a study by the deloitte consultancy shows that german companies u.k. revenues have dropped by almost 2

the u.k. is not in such a good position, but i think probably given that we are interlaced, we have a huge debt to gdp ratio. we can continue on a lower scale. other countries in europe may be under more pressure. i think my worry now is not so much an aggregate worry or a worry particularly about the u.k. and germany. it is that we will now identify weak spots in the european economy which will require help from the center. the 700 50ooka of billion euro communitywide package is there, and i think that is going to have to be used. if i were in brussels today, i would make sure that that is going to be mobilized as quickly as possible to help the people who are in trouble. that won't be germany, but it might be some other southern european countries. tom: many themes to talk about in this half-hour, and for all of you in the united kingdom and across europe, extraordinary pandemic announcements today. the mayor of london speaking right now and we will bring you those headlines as they evolve.

the u.k. political environment and u.s. political environment our very different, and in the trump loader base, there has been a huge amount of skepticism about covid itself. quite a lot of research has suggested that the administration contributed to some of the uncertainty around the information provided for covid. so it is not the same, and if anything, it is challenging for those swing voters. this is ultimately going to be all about swing voters. trump voters will vote for trump. non-trump voters will not vote for trump. it is really those independent voters. do they look at this and say, he's going to downplay this and now he has got it? or do they say this isn't that relevant because it was never going to be relevant for me? that is the challenge in such a polarized environment. the trump are nervous about it for sure, but how it actually plays -- the trump team are nervous about it for sure, but how it actually plays, we will see in the specific graphics in those states. guy: let's tal

the u.k. and scotland, certainly the north of england. what we are going to be looking for today's further details, various tiers of lockdown from the chancellor. tom: so if i ferry across the it is a london centered london trying to make rules for the north. has opened, and this up decades-old tensions between the north and the south very clearly. there were clearly tensions on --t front opened up by the places that have been very much marginally slightly devolves come if you would like. a new mayor has been appointed, and now this is a test of these guys. tom: there was a discussion devolving me at the house last night. with first word news, here is ritika gupta. ritika: the second and final presidential debate is tonight in nashville, one of the final high-profile chances for president trump to change the narrative of the campaign. polls show him losing to joe biden. debate rules have changed. the candidates' microphones will be muted when another candidate is speaking. the president claims

u.k. cases rise by a record amount. election, nancy pelosi says the white house's offer remains short. boris johnson seems willing to overlook himself and post-brexit deadline, telling bloomberg a breakthrough could happen any minute. good morning, everyone. this is "bloomberg surveillance." i am francine lacqua here in london. the focus of courses on the markets, because we are expecting a lot of earnings, banks, roche coming out, and later, u.s. stocks. poundlso looking at the on the back of the self-imposed brexit deadline. if you look at some of the earnings, they reignited a bit of concerns about the number of cost cuts and job cuts. time, you can see european stocks down 1.7%. now let's get to the bloomberg first word news. here is leigh-ann gerrans. hi, leigh-ann. leigh-ann: good morning, francine. disappointed by the slow brexit trade talks, and a call with eu leaders, he said he will decide after this wii's key summit if it is worth continuing to work for a deal. he previously indicated the u.k. will walk away

it in the u.k. they just have a condom is of scale there's a lot of people trying to spread disinformation saying that they are substandard produces but that test isn't true you just have to look at a map and compare the sizes of the 2 countries but at the same time the u.s. the u.k. has had free trade with the e.u. for the last 47 years and during that time the irish farmers which are cheaper than the english british farmers and the french farmers also cheaper they have not wiped out u.k. farming it's not as easy as people imagine to build up a code of cattle cattle generally just have one calf a time you might get twins it's not quite like pigs where they'll have a litter of 10 pigs so you know it takes a long time to build up and the u.k. does have a very good beef product but that beef is only you fed grass during the summer and then after that they're also fattened with with the same grains they used in the us before they go to market so it's. a lot of this talk is by farmers that they will be

jonathan, new u.k.irus cases rising by 8804 from 16,982 the day before, how are these cap galatians interacting -- top galatians interacting, -- calculations interacting how you think? >> most you countries have the same -- mostly you countries -- most e.u. countries have the same applications for their economies. ever, but politics and economics go in different directions. the economics means that it would be even more beneficial for the u.k. and to a lesser extent but in the same direction, for the e.u. to make a deal, but it has always been rational from an economic point of view for there to be a deal. it is not the economics which is holding of a deal, it is the politics on both sides. and the view of some politicians here and some politicians across the channel that a suboptimal outcome economically, that is to say, no deal, is preferable if you can blame it on the other side, rather than a deal which, while preferable economically, still has some economic downsides in which if you sign up to it,

side and frost he's u.k. counterpart trying to de politicize those talks about the substandard of issues that they're trying to get to grips with things like fisheries policy or state aid so how much governments can subsidize failing industries and so therefore they've tried it in the e.u. has tried this all along is to keep those type of those technical talks going while at the same time the high level politics has become increasingly sour but maybe we're reaching the end of that i think what is ultimately going to boil down to is some high level political agreement that would be needed some point it's going to be a very rocky end of october beginning of november if we haven't got an agreement by then then both sides are going to have to plan for the worse but we nor quite at that stage yet what happens to the ukase reputation globally if it breaks international war as it currently is planing to do right and this is very very important because britain said ok we might have a souring relationship with the eur

i think the u.k.ot respecting , therehdrawal agreement was a lot of loss in trust in the brits in the u.k., and not paying i think would really be sending a dramatic signal, and politically it would not be acceptable to the rest of the eu. i think it would really be a low point in terms of international relations between the eu and the u.k. kailey: of course, there's trillions of euros worth of trade at risk here, but what about you were just speaking to, eu-u.k. relations? what does the ability to get a deal or the lack thereof signify about the usefulness of diplomacy between the two sides? saying: well, i am away the eu-u.k. relation hasn't -- they are the closest neighbors among european nations, so we have to find ways of working together. i think if you look at all the big topics come beget china, be it also the u.s. under trump, b that russia, and all of these topics, eventually and ultimately, i am still quite convinced our interests are really aligned. wethat sense, i really think need to go

and the u.k. wants to get rid of some standards for have the braggs a majority in boris johnson are a little bit less regulatory minded than continental europe but they're overall they have an approach that is much higher standard than america's corporate powers and america's corporate powers have a lot of power in american politics and so that creates the rivalry suggested in your report about agriculture and there are similar a huge about tech companies pharmaceuticals financial regulatory companies banks it's a real complicated story and a transition potentially in american power between the democrat and republican if by and taking over i just don't see him wanting to push a trade deal when he has so much on his plate with coburn 19 and some other and racial unrest and other issues in america to address indeed i mean how much do you think the u.k. has been relying on the trump government to pave the way for good dale. camp was a supporter of bragg's and johnson in here while their relationship

u.k. deletion ship work so this is a very well known legally enforceable principle and so now the u.k. has one month to respond to this allegation to this letter a formal notice. and then typically member states or in this case the u.k. they would try to settle things may be made a deal pending little goal weight and if they don't want to which what we've heard from the previous speakers there would be a so-called good reason the binion which basically sets out this is the act the u.k. to mark and bill this is what is the impinging position and at that point there is really a political decision to be made so once you have that reasoned opinion it doesn't mean automatically that you go to court but the commission and specifically the college of commissioner so the $27.00 national commissioners that that you know the highest political level of the commission would decide whether or not to bring the u.k. right before the court and i think is if the u.k. and the e.u. come to an agreement it wo

u.k. unemployment numbers coming through as the u.k. jobless -- the u.k. august unemployment rate, let's start with that. it is the most backward looking but it is the rate we are watching right now. 4.5% against an estimate of 4.3%. the month of august was flattened. our bloomberg economics calling to say the vacancies data, which is a proxy for labor demand, has pointed to unemployment of around 8% so we will keep an eye on how that number -- a three-month measure, how that tracks upward. interesting to get the jobless claims number. looking,less backward but again, flattered by the opening up of the economy even through september perhaps, certainly in the earlier part. the jobless claims number increasing by 28,000. i say just because the prior month was 73,000 so we have seen some better data if you compare it with the previous month and when you think about what could lie ahead, the restrictions that were announced on various tiers of the u.k. economy had various questions on the labo

and warns of the u.k. . no deal with the european union johnson says the e.u. is refusing to give britain a trade deal like the one it has with canada which the u.k. wants to he maintains a no deal will happen unless there is a fundamental change of position from the bloc. security forces in thailand use water cannon to disperse pro-democracy demonstrators rallied in defiance of a ban on gathering protesters are calling for the prime minister to step down and reforms to the monarchy. accord overturns new restrictions on nightlife intended to quell the spread of the. health minister calls the situation regrettable. and the us presidential candidates square off from a distance. televised events and donald trump revealed their very different views on issues from the pandemic. a michael welcome to the program british prime minister boris johnson's says talks with the european union are over and johnson is warning the u.k. must prepare for a no deal breaker unless there is a quote fundamental change of position he says the e.u. won't give britain a trade deal like t