gentleman will be very well aware that i want to see the best possible trade deals that the united with the eu, the best possible with trading and operating within the single european market. when we enter the negotiations, obviously that's one of the issues that i have said that i want to see and delivery on it and the downplay that he does about the approach that we are taking, i have to say it's his government that's ambitious for the opportunities available that this country wants the leave the european union. >> thank you. mr. speaker. areas of high deprivation will receive poor-people funding rates. does the prime minister agree that discrepancies must be address to get best possible start in life? >> i think everybody recognizes that the way that schools have been funded in the past has been unfair and many pupils have been missing out. making sure that funding is attached to children's needs. of course, we recognize issues of rural areas in this and that's why within the funding formula, additional funding for such schools has been included, but, of course, the department of education

the eu and the united kingdom and the eu and the united kingdom and the eu and the united kingdom and the united states and remove the labels and look at the numbers you would pick the with eu everytime. and, yet, we have had a vote where we are leaving the european union and now we are in a position where we have to leave an extremely advantageous trade relationship and make up for it with other deals. the prime minister has a job on her hands. president trump as saying that he will do this himself but we know that today it is just talks between the leaders. they won‘t do anything, it is just about the team of negotiators. as the uk have the right people in place to make, to do the negotiations without being eaten alive by your lot? the united kingdom does not have sufficient numbers of trade experts right now and at what is worrying, of course, is that they had to do trade negotiations with the eu and the other 27 member states and now, potential, with the united states. so, again, it is sort of like entering a boxing ring with one arm tied behind your back. and how about the us boxer? they have some of the best trade negotiators in the world. 0k. 0k... best trade nego

opportunities across the world and in our future relationship with the eu, partnership with the eu, partnership that includes prosperity for the united kingdom and across the world bring them home. with there will be a vote for the british parliament when it comes to the deal. if you think about it the british parliament voted overwhelmingly for this to be a choice for the british people, the british parliament voted overwhelmingly for the government to get on with it and i am sure the british parliament will deliver on the views of the british people in respect to the democratic decisions that will take them. i will take one more question. >> negotiation of that view, customs agreement, rule out any financial contribution to the european union and with the main negotiation the threat of becoming a tax haven. >> another thing people voted for in the european union, stopping constantly every year, maybe aspects a particular project we might want to, it is appropriate. you used the phrase -- it is not about a weapon. this is two sides coming together and on the interest of both sides. we don't look at this as saying what is right in th

with the eu. partnership with eu, opportunities that will increase that prosperity for the united kingdom.and willd, we will start slow down and bring them home. i will take one ? >>. [inaudible] >> there will be a vote for the british parliament when it comes to the deal as i said. we have already had, if you think about it, the british parliament voted overwhelmingly for this to be a choice of the british people. the british parliament recently voted overwhelmingly effectively for the government to get on with it. and i'm sure the british parliament want to deliver on the views of the british people who respect the democratic decision we have taken. i will take one more question from Ãi think we have spanish ? >> in the negotiation of the new free trade and customs agreement, would you confirm that you would like any financial contribution to the european union and that will be out of the complete -- with the main negotiation weapon be the threat of becoming a tax haven quaint as well, first of all i mean another thing people voted for when they wanted to leave the european union is to stop cons

embrace across the world and in our future relationship with the eu, partnership with the eu, opportunities that will increase the prosperity for the united kingdom? and it will search those out around the world and bring them home. sorry? they will be a vote for the british parliament when it comes to the deal. as i have said. if you think about it, the british parliament voted overwhelmingly for this to be a choice for the british people. the british parliament voted overwhelmingly for the government to get on with it and i am sure the british parliament will want to deliver on the views of the british people in respect to the democratic decision that was taken. i will take one more question. i think we have spanish -- o, in the negotiation of the customs agreement, would you a lot and the financial contribution to the european union and that migration will be completely out of the table? and would the main negotiation weapon be the threat of the coming tax haven? prime minister may: as i made clear, another thing people voted for when they voted to leave the european union is stopping constantly every year paying large amounts of money

may: the honorable gentleman will be very well aware that i want to see the best possible trade deals with united kingdom and the eu, the best possible trade deals for trading and operating within the single european market. when we enter the negotiations, obviously that's one of the issues that i have said that i want to see, and we will be delivering on it. unlike the downplaying he does about the approach we are taking, i have to say it is this government that is ambitious for the opportunities that are available. >> thank you. mr. speaker. cheshire schools and areas of high deprivation will receive some of the lowest funding rates in the country under the new proposed funding formula. does the prime minister agree that these discrepancies must be addressed to ensure that pupils get the best possible start in life? pm may: i think everybody recognizes that the way that schools have been funded in the past has been unfair and many pupils have been missing out. that is why i think it is right for us to look at bringing forward a new fair funding formula, making sure the funding is attached to children's needs. of

you will be very well aware that i want to see the best possible trade deal with the united kingdom with the eumbitious for the opportunities that are available after the european union accent. cheshire schools in areas of variety and high deprivation, will see one of the lowest per— pupil funding rates deprivation, will see one of the lowest per—pupil funding rates under the new proposed funding formula. does the prime minister agree that these discrepancies must be addressed to make sure that enters bree pupils get the best possible start in life ? bree pupils get the best possible start in life? everybody recognises that the way schools have been funded in the past has been unfair. many pupils have been missing out. that is why it is right for us to be bringing in new funding formula. making sure that funding is attached to children‘s needs. of course, we will look at rural areas. that is why within this formula, additional funding has been included. 0f course, the department for education has this out for consultation at the moment and i would urge my honourable friend to make her represent

the eu move towards our new partnership. so these are the objectives we have set — certainty wherever possible, control of our own laws, strengthening the united kingdom, maintaining the common travel area withother countries, a leading role in science and innovation, cooperation on crime, terrorism and foreign affairs and a phased approach delivering a smooth and orderly brexit. this is the framework that will herald a new partnership between the uk and the eu. it is a comprehensive and carefully considered plan that focuses on the ends, not just the considered plan that focuses on the ends, notjust the means, with its eyes fixed firmly on the future and on the kind of country we will be once we leave. it reflects the hard work of many in this room today who have worked tirelessly to bring it together and to prepare this country for the negotiations ahead. and it will, i know, be debated and discussed at length. that is only right. but those who urge us to reveal more, such as the nude blow by blow details of our negotiating strategy, the areas where we might compromise, the places where we think there are potential trade—offs, will not be acting in the national interest. because this is no

the rebel grouping with support from the eu and united states still says he has to go.crimes he has committed here, these crimes, you cannot expect someone like him to go on ruling syria. so, if he doesn't go, it means there will be no peace in syria. it is the third truce in less than a year, but for the time being it appears to be holding. but peace is more than the absence of war. stay with us on bbc news. still to come: fireworks held in new year around the world. here in london, a spectacular fireworks display on the river thames. the most ambitious financial and political change ever attempted has got under way with the introduction of the euro. tomorrow, in holland, we're gonna use money we picked up in belgium today, then we'll be in france, and again it'll be the same money. it has just got to be the way to go. george harrison, the former beatle, is recovering in hospital after being stabbed in his 0xfordshire home. a 33—year—old man from liverpool is being interviewed by police on suspicion of attempted murder. i think it was good. just good? no, fantastic. th

big issue of free trade and would like to do a deal with the united kingdom, which obviously the british government would want to do outside of the eu put us, it could prioritise the united kingdom as a country it wanted to do business with. that said, american businesses, really, are here and interested in the uk principally, not only but principally because of the fact we are in the eu. so lots of things would have to change. a lot of time, i think, would elapse. i don't think there's any question of the quick deal. we should be interested in a good deal, not a quick deal. trade deal at haste, repent at leisure. indeed. free trade itself is a bit of a misnomer as an expression. what free trade really is about is reducing the regulatory impediments to trade. this is not just regulatory impediments to trade. this is notjust about tariffs, by the way, but this is about what people call behind the board of restraints. for example, what sort of provisions would there be about american agricultural producers who may have different views about genetically modified crops, for example, exporting products to britain? what about pharmaceutic

the rebel grouping with support from the eu and united states still says he has to go.es, you cannot expect someone like him to go on ruling syria. so, if he doesn't go, it means there will be no peace in syria. it is the third truce in less than a year, but for the time being it appears to be holding. but peace is more than the absence of war. finally, new year celebrations have been taking place around the world as people welcome in 2017. let's leave you with the iconic scenes here in londonjust a few hours ago. nine, eight, seven, six, five, three, two, one! cheering. big ben tolls. good morning and a very happy new year to you. the change of year brings a change in the weather. if we take a look at the recent satellite picture, you can see this strip of cloud sinking its way southwards. there is rain coming from this cloud. it is associated with a weather front, and in fact, it is a cold front. and as that continues to journey southwards and eastwards through new year's day, we will see increasingly cold air digging in from the north. and that really is the pattern

increasing possibility of a hard landing in the u.k., we also see the need to set up a unit in the eu it will be a licensed unit withction while the key operations will be in the u.k. some of those employees are likely to move out of london. have seenle --daiwa their trading go down. 's trading has helped daiwa third-quarter results. if we take a look, we can see that trading income increased 14% to just under $300 million in the last quarter. andrwriting fees up 37% pretext profit up 22 million -- of.9 million versus a loss just over $30 million. things seem to be doing a lot better for daiwa in the third quarter. net income increasing 1.1% to million.3 we've seen a weaker yen since donald trump was elected u.s. president in november and that helped other financial institutions in japan. stung by a little bit better share prices and the weaker yen as well because it had announced that the last earnings at the end of the second quarter, that it was going to have a share buyback. it postpone that because the shares rose so much. but it said it is going to go ahead with that share buyback as originally planned. yvonne

she can expect a good and strong and profitable trade deal with the united states, but herv: negotiator go into the rooms to meet with those 27 eu exit, then,ym perhaps, they go a stronger position knowing that they have something potentially to fall back on,ym that's over simplification, in essence, this is why it's so important. >> and, nick, the two leaders don't agree all the issues, of course, what my÷ú prime ministe might tell minister trump when it comes to nato. >> sure, i mean, they agree on brexit.ç theresa may have -- for six years worked hand and hand with u.s. territorial official there is's a lot of understanding there. has called it obsolete just yesterday she was speaking with both the head of nato saying that sheç potentially, when sh talks to donald trump, can be a go between between him and other nato nations. she can explain to÷ú him the importance the way that europeans feel that the importance and the rest of collective security and his concern thatç nato nations don pay that 2% of gdp for defense spending the way they're suppose to. she could help them encourage other murpian nato nations to do that, we

topical today — you basically, your policy is, we don't want a trade deal with the united states, we would rather stay in the euthat facilitates our trade with the eu, which is bigger than the us as far as we are concerned. given the amount of trade we've got with europe, it is really important that we get the right deal with europe and we are not distracted at this critical period by hypothetical deals, the terms of which we don't know, but some future unspecified. you have been very clear on that. how will you tactically play this? because it seems quite likely there will be a parliament vote on article 50. you will vote to invoke article 50 correct and you won't seek to amend the legislation? perhaps i should lay out what we do intend to do. we have been pressing for a plan, and we are now promised a plan before article 50 is invoked. we are looking at amendments to the legislation. we do want to make sure that during the two—year negotiating period the government is required to come back to parliament to report and we absolutely want and will push for a vote at the end of the negotiating exercise. so there

an idea that united states will have a trade deal with the u.k., and i think that is very far-fetched. i think it is going to take much more than two years to reach an agreement with the eu united kingdom. it is at a time when europe is in the process of gradual, slow motion disintegration. anti-european union policy -- political party gains power in france and italy. >> what we need to know about the domestic policies of beijing if they address the president of the united states? china key risk we see for is then being on risk in 2017 it because of the leadership transition. the potential for china to overreact. their leader is so focused on congress --ming they are going to be on edge to any kind of external activity or action whether it is u.s. china relations or north korea. it could pose as a distraction or some kind of activity that could -- that he would have to in orderorcefully to to not lose credibility at home. >> do they take out u.s. companies? is it a supply chain problem? or is it even worse? >> it really depends on what the provocation is. i think the u.s. china --ationship -- if china does if donald trump decide to take some aggressive trade actions agai

the rebel grouping with support from most arab states, the eu and united states still says he has tocrimes he has committed here, these crimes, you cannot expect someone like him to go on ruling syria. so, if he doesn't go, it means there will be no peace in syria. it is the third truce in less than a year, but for the time being it appears to be holding. but peace is more than the absence of war. so—called islamic state says it carried out two bombings in the busy market in the iraqi capital on sunday morning, killing about 80 people. a third blast happened in east of the city. for iraqis, 2016 ends as it began, with bloodshed and grief. just one of the shoppers and traders slaughtered on a saturday morning. there were two bombs, one in a car parts shop, then another when a crowd had formed around the first. fathers, and sisters, and mothers, and brothers. translation: when we heard the explosion, we found many people killed and wounded, whom we rescued and sent to the hospital. why does this happen in iraq? why to the iraqi people? to the north, the battle to take mosul, iraq's sec

the united states with top republican officials and donald trump's inner circle. you see a picture of boris johnson. he is considered a populist. he did back the brexit from the euwith donald trump about to take office, the united states and united kingdom, that relationship will be watched closely to see the future. joining you now is cnn international diplomatic editor nic robertson. boris johnson and donald trump eye to eye on the brexit, but not much more. >> reporter: i'm smiling. boris johnson carries a lot of baggage with him whatever is said. boris johnson was the mayor of london at the time donald trump talk about it. he said i would not go to new york for the risk of running into trump. another time during the campaign where donald trump talked about keeping muslims out of the united states. boris johnson's reply to that was donald trump is is not fit to lead the united states. so he arrives in the united states in new york with the explicit purpose of meeting with people from trump's campaign. steve bannon and jared kushner. the reason is simple for johnson. he wants britain to have the strongest possible relationship with the united states. british p

the eu has many desires and differences. when it comes to the issue eu 27 willhink the speak with a very united voice.at might harm been taken -- integrity of the single market are the union, given the populist parties are not in power, is going to be seen as a threat. they will be very united. thus far the debate has been about what the u.k. can demand and opt for in the negotiations. once the talks actually get underway, the eu will make some tough asks of the u.k.. joe: in theresa may's recent speech, she said i know we cannot be part of a single market but don't take a punitive stance of to us on the debate because your companies will have a lot to lose without free trade to the u.k. issue right that the rest of the -- rest of your cannot afford to be hard on the u.k., or is she overplaying her hand in terms of how much leverage she has? quick she has to go in heart as prime minister, knowing she is walking away from the single market. it's a blow to the eu losing one of the biggest member states and one the biggest economies. the 27 still have more clout and ultimately they get to decide what kin

the united kingdom with the efta countries, one must say there is a factor of a0 between volumes. countries, one must say there is a factor of 40 between volumes. sobey free trade grouping outside the euecial relationships? indeed. i think we will find an arrangement with the united kingdom somehow but it's going to be pretty tough. and the united kingdom itself must define what it wants. because it has to be no longer a shareholder. the statute says only members of the european union can be shareholders. probably it will take a long time until we know what can happen. both with our staff members from the united kingdom, which are very valuable for us, and with our exposure in the uk and future projects. so there are risks to some of the funding that comes to britain at the moment, could be more expensive? i believe so, yes. the bank is lending at incredibly favourable conditions and the united kingdom has benefited from that very much over the last decade and in the last year in particular. and the united kingdom does not have a national promotional bank compared to the other big member states. so something you will have to be set up, i believe, and that will take time. we can just s

with the eu. not seek to adopt a model already enjoyed by other countries. we do not seek to hold onto bits of membership as we leave. no. the united kingdom is leaving the european union. we will look in detail at what theresa may said and have reaction from across politics and strasbourg and brussels as well. simonjacks is and strasbourg and brussels as well. simon jacks is in and strasbourg and brussels as well. simonjacks is in davos where the chinese leader has made a heartfelt case for globalisation. our middle east editor is in aleppo and we will play you the latest report from jeremy bowen on the destruction he has seen there. vladimir putin has made his first comments on unverified allegations that russia has compromising information on donald trump. the uk is going to leave the eu's single market. and you can argue that had become politically inevitable. many people supported brexit because of concerns about immigration. theresa may was never likely to ignore that. and the eu's most seniorfigures have consistently said no membership of the single market without freedom of movement. they were never likely to compromise. fo

the bimodal united kingdom. >> absolutely. the places that wanted to leave our areas where there was losses of jobs. even with individuals being beneficiaries of those transfer .ayments from the eu the counties in the united states and people looking for a change and a different approach. many of these areas were beneficiaries of notable transfer payments. , did people vote against their self interest? what will the new policy look like and will be new government be able to provide those middle and lower income families who are feeling enormous economic pressure -- will they be able to relieve the pressure in a positive way? abby.nk you, this has been productive. we are going to 2017. thank you for listening. that is surveillance. on television, on radio, this is bloomberg. ♪ >> from our studios in new york city, this is charlie rose. charlie: "moonlight" is the new film from writer and director barry jenkins. it is an adaptation of tarell mccraney's play, "in moonlight black boys look blue." the film focuses on three pivotal time periods in the life of a young man as he comes to terms with his sexuality and struggles to find his identity. coach writes that the film has the best

the united states, now found and returned to the mother. the guardian is claiming an exclusive after talking to the eu chief brexit negotiator about future relations withctures suggesting that the eu is blink first. the daily express is looking at the life and times of lord snowdon, the former husband of princess margaret who has died aged 86 and some great to grass in the papers today off—load sludden. —— of lord snowdon. theresa may has a problem with the long waiting times at any and one of her solutions is to get doctors surgeries to open longer hours. problem is putting it mildly. it is a sticking plaster on a gaping wound, to use a medical analogy. she was saying she will with draw funding from gp‘s surgeries. she's going to withdraw money if they cannot prove they can open and delivering longer hours. is this going to solve the problem in hospitals? the first week of january, 95% of bets were full and this week we heard that 40% of hospitals had issued alerts. —— 95% of beds. this is not because people cannot get to their gp after 5pm. to may has to be seen to do something. she is very weak on the nhs. simon stephens, the head of the nhs in engl

with the eu completely, and could curb immigration. >> i don't accept the terms hard and soft brexit. is getting theng best possible deal for the united kingdom in terms of trading with and operating with a single european market. >> more than six months after the leave the vote, the government is still struggling to find a clear exit strategy. angela merkel has warned the u.k. cannot cherry pick its way through negotiations. the pound sterling is at a three 20%h low, and has dropped against the dollar since the vote in june. snapchat will book revenues from all international sales in the u.k. and have to pay britain's 20% corporate tax rate. countries usually -- companies usually choose countries with lower tax rates like ireland for their home base. apple, for example, has been slapped with a 13 billion euro tax ill. .ll of that -- tax bill all of that makes the u.k. more attractive as it leaves the eu. on the markets, the pound sterling has continued sliding on reportsssible -- of a possible heart brexit. the pound is at a three month low after another session of record highs. wall street is also turning mostly higher this session,

embrace across the world and in our future relationship with the eu, partnership with the eu, opportunities that will increase the prosperity for the united kingdom? and it will search those out around the world and bring them home. sorry? they will be a vote for the british parliament when it comes to the deal. as i have said. if you think about it, the british parliament voted overwhelmingly for this to be a choice for the british people. the british parliament voted overwhelmingly for the government to get on with it and i am sure the british parliament will want to deliver on the views of the british people in respect to the democratic decision that was taken. i will take one more question. i think we have spanish -- >> pablo, in the negotiation of the customs agreement, would you a lot and the financial contribution to the european union and that migration will be completely out of the table? and would the main negotiation weapon be the threat of the coming tax haven? prime minister may: as i made clear, another thing people voted for when they voted to leave the european union is stopping constantly every year paying large amounts o

the eu move towards our new partnership. so, these are the objectives we have set. certainty wherever possible, control of our own law, strengthening the united kingdom, maintaining the common travel area with ireland, control of immigration, rights to eu nationals in britain and british nationals in the eu, enhancing rights for workers, free trade with european markets, new trade agreements with other countries, a leading role in science and innovation, cooperation on crime, terrorism and foreign affairs, and the phased approach for a smooth and orderly brexit. this is the framework of a deal which will herald a new partnership between the u.k. and the eu. it is a comprehensive and carefully considered plan that focuses on the ends, not just the means. with his eyes fixed firmly on the future, and on the kind of country we will be once we leave. it reflects the hard work of many in this room today. who have worked tirelessly to bring it together, and to prepare this country for the negotiations ahead. and it will, i know, be debated and discussed at length. that is only right. us to reveal urge more, such as the blow-by-blow details of our negotiating strategy, the areas in which we might

the point is britain as an independent country separate from the eu has far less bargaining leverage with trade deals, even with the united imports for the united states, so it won't get the deal that it might think it can. what about the transatlantic relationship in terms of — i mean, since the second world war the us and great britain have been together on almost every single foreign policy issue anywhere in the world? here i am not so sure there is much britain can do to determine the course of this. i think by minister theresa may is making a useful choice to make no noises towards the new administration, the trump administration, which might signal discontent or unhappiness, but the single fact of the matter is we are not quite clear what type of part of this administration will take. all the indications seem to suggest that president trump intends to break severely with that post world order that you mention. thank you for your time. along with many countries, mexico is also looking at how the presidency of donald trump may affect bilateral ties. the country's economy could take a battering if mr trump follows up o

the eu, we buy more goods from them the missile of ours. but you can see our business with eu partners is worth far more than our trade with the united statesreement with america, however ambitious, can replace or match what we are potentially going to lose on our own doorstep in europe. we are potentially going to lose on our own doorstep in europem we are potentially going to lose on our own doorstep in europe. it is well known here in downing street that the team around theresa may we re that the team around theresa may were not necessarily donald trump's biggest fans when he was a candidate, but as soon as he was elected, the officials were dispatched to the states to try to mend bridges quicker than construction workers on overtime. but now the prime minister insisted that she still isn't afraid to raise really difficult issues with the new leader of the free world. yesterday, millions of women across the world and thousands here in london marched against a president they see as disrespect for. theresa may was a little coy of what she would say face—to—face with donald trump, but she argued her own presence in washington made something

but if she has been looking for the united states to provide a pillar of support before she presses article 50 button here in the uk and goes into negotiation with the euked for more support than she has received. that is another result. we do not know what happened behind closed doors but theresa may cannot begin to negotiate on trade until we have gone through brexit and donald trump has to push laws through congress. how important do you think this meeting actually was? to be honest with you this is the opening of the account. this is the beginning of what we hope will be a very strong working relationship. ithink what we hope will be a very strong working relationship. i think the phrase that theresa may use that was that the foundations have laid for a negotiation on trade agreement. britain does not present, from donald trump's perspective, the kind of threat that he sees in mexico which is, from his point of view, has sucked american jobs out of the united states. and we are not like china which he believes is dangerous in global trade. i cannot see any political problems that will come up in trade negotiations but there are bound to be difficul

united kingdom supreme court ruled that the british parliament must vote before the government can begin the brexit process. this decision throws the united kingdom exit from the eu into chaos. let's get into more withtor nic robertson. nic, what do you know and what does it mean? >> reporter: john, it is not what the british prime minister theresa may wanted. it is not as bad as it could be. eight of the three said she must go to parliament and put the plans before parliament to vote rather than just push through the plans by herself. this is a little bit of a setback. it is not completely unexpected. this is the way the supreme court indicated they might vote. the worst scenario would be scotland, wales, northern ireland, scotland remaining part of the eu, could have veto power. it does mean she will put through a bullet-proof bill to parliament to get passed quickly. it does mean parcel mliament wiy to cut the ways into the negotiation. she doesn't want to give away anything. we are beginning to hear from the opposition. no one is expecting this to stop theresa may being able to trigger article 50 and get into the exit negotiation talks. >> every executive wants free range to negotiate the way he

with the us after britain leaves the eu. he and the people around him have also spoken about the importance of a trade arrangement with the unitedat that is something they are looking to talk to us about at an early stage. i would expect to be able to talk to him about that alongside the other issues i will discuss with him when i am in washington. if mr trump's inauguration speech is anything to go by, though, he is more focused on protectionism than free trade, insisting that he will put america first. so critics say the government should be cautious about putting us trade ahead of an eu deal. no trade agreement with america, however ambitious, can replace or match what we are potentially going to lose on our own doorstep in europe. as brexit negotiations loom, though, mrs may knows that she needs trade options elsewhere. this week's meeting with the us president is a first step in that direction. susana mendonca, bbc news. earlier i spoke to our washington correspondent jane o'brien. the focus i'm afraid is still on this storm about who attracted the biggest crowds, whether it was donald trump on inauguration day on friday, w

relationship is between the uk and the united states, and how important the united states, and how important the specialisation ship is as uk leaves the eu. and with uk has with the us will be absolutely crucial. she is clearly uncomfortable with some of the things donald trump has said in the past, but she is going to put those things to one side, although she is prepared to raise things which are potentially uncomfortable if she needs to, but she is prepared to put things to one side, in order to get the best out of the relationship with britain. clearly, top of her agenda will be brexit and that trade deal, but also nato as well. i think it is very interesting that on the torture issue we have been hearing so much about today, she will not be backing down. she will not be condoning torture after donald trump says it does work and he said water boarding would be ok. some quotes she gave to journalists on the way out there, we condemn torture. i have been very clear i am not going to change my position whether i am talking to you or the president. crucially, she also said that guidance stating that uk security services can't share intelligence if

united states is a much smaller target than the eu in relation to the united states. the dynamics in the united states. the dynamics in the bilateral relationship would be different to the dynamics with of consumers and that kind of thing.“ itfairto consumers and that kind of thing.“ it fair to say that donald trump prefers to have deals with individual countries rather than trading blocks because it's easier, because you have more clout and therefore, is it an appealing dynamic for donald trump to be warmly welcoming the united kingdom when there are other eu countries who might be thinking, we might be all right out of the eu as well?|j think all right out of the eu as well?” think it's a lesson the entire united states has learned, that in multilateral trade negotiations, often the interests of the united states are lost on the table in favour of the interests of the entire group. you can see how that would typically happen. whereas in bilateral trade agreements the united states can secure its interest at the bargaining table and nobody is a better bargain than donald trump, that's why the americans elected him president, to get this nation a good deal. i believe the americans co

as you can see, as you can see, our as you can see, our business with our eu partners is worth far more than our trade with the united trade agreement can replace or match what we will lose our own doorstep europe. it is well known here that the team around theresa may were not exactly the biggest fans of donald trump when he was a candidate, but as soon as he was a candidate, but as soon as he was elected his officials were dispatched to the states trying to mention —— men now the prime minister insists she still isn't fair to raise really difficult issues with the new leader of the free world. theresa may was a little coy on what she would say face—to—face with donald trump, but... ithink she would say face—to—face with donald trump, but... i think the biggest game of that will be made about the role of women is the fact i will be there as a female role model. in the 80s, mrs fach and ronald reagan had a close and candid relationship. —— magus —— mrs thatcher. the white house has vowed to fight the news media "tooth and nail", over to fight the news media what officials see as unfair attacks on donald trump. the ne

with the us after britain leaves the eu. he and those around him have spoken about the importance of a trade arrangement with the united kingdomhat that is something they are looking to talk to us about at an early stage. i would expect to be able to talk to him about that alongside other issues i will discuss with them when i am in washington. if mr trump's inauguration speech is anything to go by, he is more focused on protectionism than free trade, insisting he will put america first. critics say the government should be cautious about putting us trade ahead ofan cautious about putting us trade ahead of an eu deal. no trade deal with america the matter how ambitious can replace or match what we are potentially going to lose on out we are potentially going to lose on our own we are potentially going to lose on our own doorstep in europe. as brexit negotiations loom, mrs me knows she needs trade options elsewhere, and this week's meeting with the us president is a first step in that direction. at least 36 people have been killed and many more injured after a train derailed in the indian state of andhra pradesh. many people ar

with the eu. we sell less to them than they do to us, but as you can see, business with eu partners is worth far more than our trade with the unitedtrade with the united states. no trade agreement with america, however ambitious, can replace or match what we are potentially going to lose on our doorstep in europe. it is well known at westminster that the team around theresa may were not donald trump's biggest fans when he was a candidate, but as soon as he was a candidate, but as soon as he was elected her officials were dispatched to the states with the foreign secretary following quickly behind to try to mend ridges quicker than workers on overtime, but now the prime minister in cis she is not afraid to raise really difficult issues with the new leader of the free world. yesterday, millions of women across the world and thousands in london marched against a president they see as disrespectful. theresa may was a little coy on what she was going to say face—to—face with donald trump, but. i think the biggest game of that will be made about the role of women is the fact i will be there as a female prime minister. directly talking t

with the united kingdom. so i want to be ambitious for the uk, and i am ambitious for the uk in what we can achieve, trading with the euwhy they are moving jobs? i have had a very good, positive discussion with banks about the benefits of the city of london, what has brought them there and how we can continue to build on that for the future. and there are huge benefits for investment in the uk. we have a fundamentally very strong economy. we have a service sector thatis economy. we have a service sector that is very important to us, that is valued around the world. i believe that truly global britain can bring drops and prosperity to the uk across the board, including financial services —— can bring jobs. the white you can find that interview online. you can find that interview online. you can find that interview online. you might have heard that the nominations for donald trump's cabinet is continuing. president—elect donald trump's choice for treasury secretary is steven mnuchin. he is a former banker with goldman sachs. he is nominated as treasury secretary. here's some of what he said during his confirmation hearin

with the united kingdom. we have a special relationship, but we have to see what their relationship will be defined by with the eu before we have intelligent conversation about a bilateralwe i agreement.>> one host: one last question before i turn it to all of you, but you are trade negotiations are usually working through the things that were important 10, 20, 30 years ago and they're still stuck in a regulatory environments. of the world is changing. the economy's dynamic. i know you are working through that now, but what do you see happening in the global economy that we should now be thinking aboutng looking forward here? assuming we have future rounds of thinking here. guest: i think one of the issues we were quite innovative around in tpp was the digital economy e and i know you hurt a bit from victoria about this this morning , but that is a new issueis is a cutting edge issue and it will only grow in importance as data and data flows grow exponentially. this isn't just an issue for internet companies or technology companies. every manufacturing comfy and most of servicing companies are increasingly depend

the eu. what does she say. >> strong speech today. basically says that brexit says we cannot have the market, the control of people coming into the united kingdom and whatever deal instruction withhe eu, it would have to be approved by both houses of parliament. they may try to push for some amendments. her speech getting a thumbs down. that's ambitious, theresa may, all take and no give. stuart: maybe theresa may is taking a page out of donald trump's book, art of the deal. and from the swiss meeting, china's president is leading-- >> sharp rebukes, some globalization is reason for chaos, no, it's poor regulation. trump wants to dial back on regulation. he says no one wins in a trade war and he also supports the climate change accord reached recently so he's pushing back on donald trump. stuart: he is. he's setting up himself as the opponent of donald trump leading the europeans in opposition to donald trump. that's what it looks like to me. liz: as he ects massive capital controls and trade barriers to his own countr he's applauding globalization. stuart: well said, liz. yes, he is. former reagan economist art laffer is with us. i find this amazing. the leader of china's commu

the eu. we also want the best possible deal in trading with an operating within the european single market for british businesses and european businesses operating in trading with the united of this is leaving you, trying to keep its membership, what ones will be key? it is a new relationship, outside the eu, a new relationship, outside the eu, a new relationship, that i believe that can be one which has a good trading deal at its heart, as i say the best possible dealfor deal at its heart, as i say the best possible deal for the uk. deal at its heart, as i say the best possible dealfor the uk. also deal at its heart, as i say the best possible deal for the uk. also that dealfor the uk possible deal for the uk. also that deal for the uk would possible deal for the uk. also that dealfor the uk would be good possible deal for the uk. also that deal for the uk would be good for the rest of europe as well. 0ne one of the charities that has been lobbying government for a long time, welcoming very much what you have to say today. a latter this will make a big difference. i particularly welcome your investment in community organisations, at the forefront of prevention. some of t

the united states in the mid—i9 90s. since then her home country has joined nato, the eu and the euro. i am armed withia? a great woman. for me it is not interesting. nothing was mike yeah. can you imagine that donald trump industry visiting that house? here they are offering a first lady tour where you can see her old school, have famous local salami for lunch. 32 euros per person. at the ba kery lunch. 32 euros per person. at the bakery they are selling a trump themed cake. we put white chocolate colours of the white house. she a lwa ys colours of the white house. she always wears white so we put white chocolate and we put gold on the top because it is luxury. also other speciality ingredients. it is not exactly melania mania. possibly because her slovenian lawyers have issued a reminder that her name is a trademark. the biggest thing that mrs trump has done for us is to get us mrs trump has done for us is to get us recognised. so we are respectful about using her name, partly because herfamily still about using her name, partly because her family still live here. about using her name, partly becaus

with the united states. >> the german chancellor, angela merkel, fired a fresh warning shot at britain over its eu exit. in a speech in cologne, merkel reiterated that the uk should not be allowed to cherry pick a deal. >> translator: to access the single market is only possible on keeping the full fundamental freedoms i mentioned. beyond that you have to negotiate. you can't lead the negotiations as a way of cherry picking that would have disastrous consequences for the other 20 member states. we can't allow such consequences. the political uncertainty continues here in europe. ian is still with us. ian, i want to pick up on viewer comments that have come in within the first 15 minutes of the show. david writes in and says good morning, happy new year. he says he agrees with you regarding the u.s. dollar and expect a 25% fall in its value by the end of trump's first term. given the controversy of the president-elect and geopolitical problems in the world, does the combination of this and the eventually weakening dollar mean a surge in the price of gold? is gold the way to go? >> if you get that decline

the united states of america is our biggest trading partner. for the countries in the world we do more trade with the us than any other country. that's when we are within the eu, ithink we are within the eu. once we leave.eu, i think the scope for furthering that relationship, getting more trade with the united states, i think the scope will increase. i've no doubt it is in donald trump's interest to have a free—trade deal because of the of rhetoric he is coming up with china and mexico. he wants to be able to show than he is open to trade and open to free trade with like—minded economies. i think he's keen to do a deal. that's very possible. are you worried about the impact on the british economy if we leave the single market? i'm not. i think leaving the single market should have no terror for britain. we are looking at it single market that has had very stagnant levels of growth in the last six years. the rest of the world, 80% of gdp, is growing at 396. the world, 80% of gdp, is growing at 3%. and the eu which is only 20% of global gdp has essentially been flat—lining. i don't think leaving the single market, leaving the membership of the single market wi

but if she has been looking for the united states to provide a pillar of support before she presses article 50 but in here in the uk and goes into negotiation with the eu asked for more support that he has received. so thatis support that he has received. so that is another result. of course, we don't know what went on behind closed orders, but theresa may cant begin to negotiate on trade until we have gone through brexit. donald trump has to be slow through congress. how important do you think this meeting actually was? to be honest, this is the opening of the account. this is the beginning of what we hope will be the beginning ofa what we hope will be the beginning of a very strong working relationship. the views of theresa may i that conditions have been laid for the negotiation on a trade agreement. britain does not present need donald trump prospective weekend of threat that he sees in mexico, from his point of view they have sucked jobs out of the us and we certainly are not like china, which he thinks have played dirty pool in global trade. i cant see any political problems that will come up in trade negotiations, but there are bound be difficul

the eu move towards our new partnership . so these are the objectives we have set. certainlity, possible control of our own laws, strengthening the united kingdom, maintaining the common travel area with control of immigration, rights for eu nationals in britain and british nationals in the eu, enhances rights for workers, free trade with european markets, new trade agreements with other countries, leading role in science and innovation, cooperation on crime, terrorism and foreign affairs and approach delivering a smooth and orderly brexit. this is the framework of the deal that will herald a new partnership. it's a comprehensive and carefully considered plan that focuses on the end, not just the needs with the eyes fixed firmly on the future and the kind of country we will be once we leave. it reflects the hard work of many in this room today who have worked tirelessly and prepare the country of negotiations ahead and it will i know be debated and discussed at length. that is only right, but those who urge us to reveal more, such as the blow details of our negotiating strategy, the areas in which we might compromise, the places where we think there are potential trade-offs will not b