u.k. economy booming again within twelve months but you've actually got to put some real structural train using place to make sure that over the next five years we actually do start to see economic growth back at around two or three percent that's about what the u.k.'s been used to roll over than flatlining it nor the city or worse still going backwards and i don't think that the u.k. government actually amounts to a scratch yet he's actually fiddling around with various very small measures in the labor market rather than being sufficiently decisive so yes this is a textbook measure but i think that there are more things the government could do you could actually just the political will and the courage to do that while there were direct journal of the u.k. free market think. economic affairs really good to get your expert opinion on r.t. thank you. here russian prosecutors are said to have fresh charges to key suspects in the murder of prominent journalist anna politkovskaya five years ago she was gunned down in her apartment block here in moscow but while the case is drawing worldwide at

u.k. economy is about flat lining it's not growing but it's not as if you're obviously going backwards it's going to be difficult to get out of this mess the government is right to stop to try and get the public finances under control to stop spending more than it's bringing in in tax it's going to be a long slow road to recovery but i don't think that the u.k. government yet has shown much imagination or merely your ideas in how you actually build on that recovery there's no magic wand there's nothing that can be done to suddenly get the u.k. economy booming again within twelve months but you've actually got to put some real structural changes in place to make sure that over the next four or five years we actually do start to see economic growth back at around two or three percent that's about what the u.k. has been used to roll over than flatlining at the same or worse still going backwards and i don't think that the u.k. government's growth plan actually amounts to a scratch yet is actually fiddling around with various very small measures in the labor market rather than being sufficientl

u.k. economy secondly he also talked about the need for people to pay off their credit card debts here on this also seems entirely out of touch with the british people as millions of people struggle to make ends meet every month struggling to pay fuel bills put food on the table and clothes their kids. yeah i did as he removed any suggestion of urging people to pay their credit card bills while he still in his speech alluded to people paying off their credit card debts but you know people in this country are struggling with simple necessities let alone you know paying off their debts or even saving a little bit for the future thirdly he talks about the need to pay off debt for future generations yet what he failed to say is that his government in the last year has imposed future generations with nine thousand pounds university tuition fees mortgage style just to get a high. education forcefully and finally i would say he talks about the british bulldog spirit but on this the prime minister. you don't kick a dog when it's down but that's exactly what this government is doing to the british

u.k. economy but the world economy me heard absolutely nothing again in david cameron's speech about the. reform the banking system and sort of cracked down. big banks so i would have liked to see much more of the free because of making sure those at the top paid. ok just very briefly now we're seeing huge protests in greece and still continuing and in the u.s. as well do you think britain is next i think this is a phenomenon it's not just going to happen in greece it's not just going to happen in america it's something it's going to happen all over the world and it wouldn't surprise me if this occurs here in the u.k. again as well ok thanks very much for your parts there gavin hayes general secretary of the pressure group thanks again. now russia's federal security service has revealed it has been holding a suspected chinese spy the man identified as to the shiny un faces charges of attempted espionage and trying to obtain information on russia's weapons are these kind of has to be tells authorities say that this is a chinese man who works here in russia as a translator for official chin

u.k. economy, but again, it will make it more expensive for these banks to borrow money. >> nuts and bolts for a moment, samsung. obviously spent a lot of time looking at apple in the last day and a half, treal, but they're selling more units of smart phones than i thought. >> yeah, and that could very well increase. a couple of days ago, apple kind of did this soft launch of a new version of the iphone 4. instead of bringing out an iphone 5. that should fall into the hands of samsung. well, that's what they say. but they saw operating profit coming in at about $3.5 billion for samsung. it is a 40% dip from a year earlier, but 12% higher than what was expected, and it is the smart phones -- samsung is the second largest maker of mobile phones in the world, but also their p.c. tablets are gaining market growth. i'll have a lot more on all of this, the banks, samsung, on the "world business report" in about seven minutes' time. >> i said we'd have more on the nobel peace prize. joining me from cairo is bethany bell. among those winners, the third name to be announced, tawakkul karman, tell u

u.k. economy so cameron is unfairly prosecuting so-called looters pirates are the bases of the somali economy so without the pirates there would be no real estate boom in kenya in other places so again it's double speak from the real pirates that is the say the banking pirates but it also made me realize that of course even all of these occupy wall street protests occupy the fed protests tea party protests nobody listens like they just keep on handing. the wealth of our nations to these bankers and even the commander in chief of the us will not help i have this little video here where jake tapper asked barack obama last week he asked why hasn't your department of justice done anything against the banker fraudsters the ones that have stolen the economy are the ones who committed widescale subprime fraud and this is what barack obama answered on the issue of prosecutions on wall street. one of the biggest problems about. the collapse of lehman and the subsequent financial crisis and the whole subprime lending fiasco is that a lot of that stuff wasn't necessarily illegal it was just. your moral

u.k. economy down. i'm in manchester with douglas cause well he's a conservative member of parliament he said the political system in this country is broken and in urgent need of reform he's also a renowned skeptic douglas carswell thanks for talking to us we use this catch all term skeptic what does that mean old style your skepticism in this country used to be about trying to take this country back it used to be an inherently conservative movement that was about trying to take us back to a sort of one nine hundred fifty s. status quo i don't have much truck with that at all i mean you're a skeptic because i want change and i want to really change the way this country is run i think fundamentally europe is in the mess that she is today because she's trying to do too much by conscious deliberate design how currency is a mess because it's a product of conscious agricultural policy policy trade policy you know we need to let go and we need to allow the different parts of the european continent to do what

u.k. economy secondly he also talked about the need for people to pay off their credit card debts here on this also seems entirely out of touch with the british people as ninian's of people struggle to make ends meet every month struggling to pay for food on the table and clothes their kids but we heard absolutely nothing again in david cameron's speech about the need to reform the banking system and sort of cracked down on britain's big banks so i would have liked to see a much more of a focus on making sure those at the top pay their fair share. well let's look at some other world news in brief this hour afghan intelligence officials have arrested a six individuals charged with conspiring to assassinate president hamid karzai the group which is reportedly affiliated with al qaida managed to recruit one of karzai is personal bodyguards for their operation so extremists have killed several high profile figures in afghanistan in recent months the last of which is the is a clever twentieth assassination of former afghan president who had the body. yemeni activists say at least eight people

u.k. economy secondly he also talked about the need for people to pay off their credit card debts here on this also seems entirely out of touch with the british people as ninian's of people struggle to make ends meet every month struggling to pay fuel bills put food on the table and clothe their kids but we heard absolutely nothing again in david cameron's speech about the need to reform the banking system and sort of cracked down on britain's big banks so i would have liked to have seen much more of a focus on making sure those at the top pay their fair share. some other world news in brief this hour. face the co-founder and former c.e.o. of apple steve jobs has died at the age of fifty six after a long battle with cancer jobs that led apple through its most successful period in pioneering the i pad i pod and i phone apple was so successful that at one point before the u.s. debt ceiling deal this year the company had more cash something in the united states has an impact was also felt across the film and music industry is after he helped established the pixar animation company and the in

u.k. economy secondly he also talked about the need for people to pay off their credit card debts yet on this he also seems entirely out of touch with the british people as nearly ins of people struggle to make ends meet every month struggling to pay fuel bills put food on the table and clothe their kids but we heard absolutely nothing again in david cameron's speech about the need to reform the banking system and sort of cracked down on britain's big banks so i would have liked to have seen much more of a focus on making sure those at the top pay their fair share. now id wall street protests are continuing to spread across the country after reaching the third week new york is currently hosting the biggest rally attracting thousands of people well protesters are angered by social injustice of corporate greed that they blame before pushing the country into financial meltdown while out to get more on this let's now cross live to our correspondent somebody who is in new york for us sabrina the demonstrations are growing in a more and more people of course they keep spreading across the u.s. can

u.k. economy secondly he also talked about the need for people to pay off their credit card debts here on this also seems entirely out of touch with the british people as nearly inns of people struggle to make ends meet every month struggling to pay fuel bills put food on the table and clothes their kids but we heard absolutely nothing again in david cameron's speech about the need to reform the banking system and sort of cracked down on britain's big banks so i would have liked to have seen much more of a focus on making sure those at the top pay their fair share. now it's a big bash for the chechen capital tonight with massive celebrations marking city day but there is more than one dayer shows to impress visitors to grozny the city has gone through a massive transformation since being devastated by two conflicts against extremists in the one nine hundred ninety s. well arty's within a quarter of our want to have a look. at just ten years has passed and grozny has gone from this this as president. is known far beyond his hometown viewed as an authoritarian ruler in the west but and fact

u.k.'s government's future support the move is likely to drive up borrowing costs and make it more difficult for businesses to get loans but a leading british economy has told r.t. the downgrade is a reality check that the u.k. did wrong. we already have inflation of around about five percent in the united kingdom which compared to recent years this is hardly putting more money into the economy risks actually increasing that inflation especially the bank of england's central carry tossed to actually keep inflation under control two and a half percent or less my concern is that quantitative easing throwing another seventy five billion pounds into the economy is actually a distraction from the u.k. government needs which is a very aggressive and radical growth strategies one that i think they lack of the moment what we've got to get away from in the united kingdom and actually right across the western world more generally is this every single bank is copper bottomed because if they get into trouble the tracks pile won't buy all the amount and one of the key things that the u.k. government is struggling with is how do we allow our prime to go for the

across the atlantic things aren't looking too good for the economy either the u.k. banking system has been rocked as the credit ratings of twelve financial institutions have been downgraded leading a ratings agency moody's said the downgrades were due to doubts over the u.k. government's future support the move is likely to drive up borrowing costs and make it more difficult for businesses to get loans but a leading british economist mark littlewood has told r.t. the downgrade is a reality check that the u.k. needed long ago. we already have inflation of around about five percent in the united kingdom which compared to recent years is hardly putting more money into the economy risks actually increasing that inflation is supposed to be the bank of england's central key task to actually keep inflation under control two and a half percent or less my concern is that quantitative easing throwing another seventy five billion pounds into the economy is actually a distraction from the u.k. government needs which is a very aggressive and radical growth strategy one that i th

u.k. economy. put that in u.s. terms that is 20 trillion-dollar bank. i don't think citibank is right to become, or jpmorgan chase, the current number one guy is going to become a 20 trillion-dollar bank anytime soon. but, i would -- i'm just pointing out to you they can borrow cheaply, they want to get bigger, they have the support in this administration, they have the support of many people on the republican side of politics as well, can come back to that. they have massive subsidies. your subsidies. they will get bigger. you can't deal with them now -- you cannot handle the failure, okay? there's nothing in dodd-frank to let you handle the failure of these banks. when there are 3 trillion, 4 trillion come 5 trillion-dollar banks, the problem is going to be bigger or smaller. and the incentives, think about the incentives. think about the money. actually, think about the money on both sides of the equation. according to some research on tv to done, the ceos on the top financial institutions between 2002 to 2008 received, in cash salary bonus and stock

that quantitative easing throwing another seventy five billion pounds into the economy is actually a distraction from the u.k. government needs which is a very aggressive and radical approach strachey's one that i think they lack at the moment what we've got to get away from in the united kingdom and actually right across the western world more generally is this idea that every single bank is copper bottomed because if they get into trouble the taxpayer will buy all them out and one of the key things that the u.k. government is struggling with is how do we allow our bye to go through the wall and to fail without very truly destroying the wider economy and i think that these these downgrades. actually reflect the fact that we are beginning to move a why promote was a hopeless and helpless situation in which basically every bank you get if you crash in the time when the government would come to the right so it's a grim warning put in the same way as you would wish to have an almost a toy from your doctor about your state of health i think it is a welcome warning. russian prosecutors are to file for us charges

bank of england to pump seventy five billion pounds into britain's faltering economy but little good director general of the u.k.'s institute of economic affairs says the cash injection in my do the country no good. we already have inflation of around about five percent in the united kingdom which compared to recent years this is hardly putting more money into the economy risks actually increasing that inflation is supposed to be the bank of england's central key toss to actually keep inflation under control two and a half percent or less my concern is that quantitative easing throwing another seventy five billion pounds into the economy is actually a distraction from what the u.k. government needs which is a very aggressive and radical growth strategies one that i think they lack at the moment what we've got to get away from in the united kingdom and actually right across the western world more generally is this idea that every single bank is copper bottomed because if they get into trouble the tax will kill them out and one of the key things that the u.k. government is struggling with is how do we allow a ban

u.k. economy. put that in u.s. terms that is 20 trillion-dollar bank. i don't think citibank is right to become, or jpmorgan chase, the current number one guy is going to become a 20 trillion-dollar bank anytime soon. but, i would -- i'm just pointing out to you they can borrow cheaply, they want to get bigger, they have the support in this administration, they have the support of many people on the republican side of politics as well, can come back to that. they have massive subsidies. your subsidies. they will get bigger. you can't deal with them now -- you cannot handle the failure, okay? there's nothing in dodd-frank to let you handle the failure of these banks. when there are 3 trillion, 4 trillion come 5 trillion-dollar banks, the problem is going to be bigger or smaller. and the incentives, think about the incentives. think about the money. actually, think about the money on both sides of the equation. according to some research on tv to done, the ceos on the top financial institutions between 2002 to 2008 received, in cash salary bonus and stock

the rating is that by qatar with thirty percent growth just to compare world's largest economies like the u.s. and u.k. developed an average of around two percent as the young says emerging economies will provide the global g.d.p. and nine. russia aims to double the required minimal level of bank capital to five point seven melgar million dollars starting from next year it also wants to bring the benchmark to nine and a half million dollars by two thousand and fifteen the move is aimed at motivating small market players to grow and increase the financial stability of the sector and say if the plan is approved after a third of russian banks will have to choose between boosting capital or quitting at its. kelly to decrease in economic activity to the wrong russia a lot of companies currently producing difficulties with the truck to. move short coleman won't. warns them on russian banks so inability to. financials. short and long term the credit to we'll soon a way through become a. real such. companies. let's have a look at the markets now all prices are heading up european leaders like progress on a pl

the rating is that by qatar with thirty percent growth just to compare world's largest economies like the u.s. and u.k. developed an average of around two percent ernst and young says emerging economies will provide half of the global g.d.p. in nine years. russia aims to double the required minimal level of bank capital to five point seven million million dollars starting from next year it also wants to bring the benchmark to nine and a half million dollars by two thousand and fifteen the move is aimed at motivating small market players to grow and increase the financial stability of the sector and say if the plan is approved up to a third russian banks will have to choose between boosting capital or quitting the business. to decrease economy but to get to the role a lot of companies. producing difficulties we've tried to. move short told. lawrence the more russian banks so in the bill of. financials. short and long term the created two will soon. become big paul bloom who are the real such cool russian companies. let's have a look at the markets now all prices are heading up after european leaders fl

rating is led by qatar with thirteen percent growth and just compare the world's largest economies like the u.s. and u.k. developed with an average of around two percent earnest and young says emerging economies will provide half of global g.d.p. in nine years. aims to double the required minimal level of bank capital to five point seven million dollars starting from next year it also wants to bring the benchmark to nine and a half million dollars by two thousand and fifteen the move is aimed at motivating small market players to grow and increase the financial stability of the sector analysts say if the plan is approved up to a third of russian banks will have to have to choose between boosting capital or quick distance. police kelly sue decreasing in economic activity. a lot of companies scurrying from the very same difficulties we've tracked. who should colman long. opening new warrants in more russian banks so in the ability to financials. should. be created here will soon. become a full blown war in real such russian companies. prefer to look at the markets now all prices are heading up after europ

is led by qatar with thirteen percent growth and just to compare the world's largest economies like the u.s. and u.k. developed at an average of around two percent ernst and young says emerging economies will provide half of the local g.d.p. in just nine years. russia's energy giant gazprom is turning green it's agreed to create a bio gas joint venture with dutch from gas to me and to russian companies the total investment in the project to the estimated one hundred million euros with first applies plan for two years time start ups annual production could reach up to thirty five billion cubic meters of gas made out of organic materials analysts say bio gas technology could help bring gas to remote parts of the country where pipeline construction is too expensive. that's all that's all for now but we'll bring you more updates in less than one hour. he. says. three thirty pm on that monday here in moscow you with your headlines now critical condition sources say that egypt's former leader hosni mubarak is fighting for his life that's following his reported shock at seeing images of colonel gadhafi who

rating is led by qatar with thirteen percent growth and just compare world's largest economies like the u.s. and u.k. developed at an average of around two percent earnest and young says emerging economies will provide half of global g.d.p. and nine years. welsh aims to double the required minimal level of bank capital to five point seven million dollars starting from next year it also wants to bring the benchmark to nine and a half million dollars by two thousand and fifteen the move is aimed at motivating small market players to grow and increase the financial stability of the sector analysts say if the plan is approved up to a third of russian banks will have to well have to choose between boosting capital or quitting business. these. decrees seem economy but to get to the role a lot of companies currently facing difficulties with attracting funding who should coleman. lawrence the more russian banks so in the bill are to. find their insurer. short and long term the committed to will soon will leitch become a big pool bloom. for russian companies. getting a look at the markets now oil prices are

rating is led by qatar with thirteen percent growth just to compare the world's largest economies like the u.s. and the u.k. developed an average of around two percent aaronson young says emerging economies will provide half of the global g.d.p. and about nine years. take a look at the markets now oil prices are heading up after european leaders fly progress on a plan to resolve a single currency zone that crisis like sweets is trading at eighty eight dollars a barrel and brant is one hundred and ten dollars a barrel most asian markets are gaining in technology stocks are among the best performers on the nikkei take a was up seven and a half percent watch up in his wireless major soft bank is over three percent on the back and hong kong's hang seng is now gaining over four percent after a preliminary survey of manufacturing conditions in china showed a five months high in the club. stocks in europe are on the rise board by news that the user leaders are making progress on the sovereign debt crisis bank shares posted particularly strong gains b.n.p. party gain six percent societe generale surged five point

the rating is like qatar with thirty percent growth and just to compare world's largest economies like the u.s. and u.k. developed at an average of around two percent or so young says emerging economies will provide half of the global g.d.p. and just nine years. russia's energy giant gazprom is turning green it's agreed to create a bio gas joint venture with dutch for me and two russian companies the total investment in the project of estimated one hundred million euros with first supplies planned for two years' time start ups and will production could reach up to thirty five billion cubic meters of gas made out of organic materials analysts say bio cast technology could help bring gas to remote parts of the country where pipeline construction is too expensive. that's all that's all for now that will bring you more updates in less than one. if. it is easy. to. see.

u.k. in advanced economies. global rebalancing in the long run means at we have to spend less and save more and we have to rely on more exports as a source of growth. thateans china has to let its currencies appreciate faster and apply less savings more domestic consumption and balance their growth rates. that's a process to occur gradually in many years which n which the chinese have to d certain things, not just on currency, we have to do certain things not just on currency and you have a global rebalancing that sustains growth for everybody for both direction of trade war is going to be disaster for everybody. >> liu: richard, i know you spent many, many years covering china while in your opinion beijing i want to read for you the central bank of china, ty issued this statement wednesday after the nate vote on the currency bill. their statement was this "the exchange rate is gradually achieving a more balanced and reasonable level." now, isn't part of the problem, richard, that a majority of economists and pe