tv World Business Report BBC News September 22, 2017 5:30am-5:46am BST
this is bbc world news, the headlines. the british prime minister is in florence, to set out her proposals for brexit. the bbc understands theresa may will propose a 2—year transitional deal for the uk to try to secure a smooth exit from the european union. the war of words between the united states and north korea is intensifying. kim jong—un has describes president trump as mentally deranged, after his anti—pyongyang speech at the un. mr trump has announced more trade sanctions. protests continue a cross catalonia after the spanish government imposed daily fines on separatists organising an independence referendum. the spanish government says any vote on a split from spain would be illegal. the mexican president has promised to continue the search for earthquake survivors. he said rescuers are still looking for anyone alive in the ruins of ten buildings. over 270 people across are now known to have died in the quake. now it's time for world business report. back from the cliff edge.
britain will push for a brexit transition period that would keep it in the single market for two years. but can it break the stalemate over money? plus, clouds gather over the us solar industry as a trade dispute with china heats up. welcome to world business report. i'm rachel horne. we start in florence, italy, where — as you've been hearing — british prime minister theresa may will set out her position on brexit in a speech. with just 18 months to go before the uk is set to leave the eu, she hopes it will break the stalemate in negotiations. so what are we expecting? sources have told the bbc that theresa may will ask for a transition period of up to two years after the uk leaves in march 2019.
she will offer to keep paying into the eu budget during that transition, so other eu member states don't have to contribute more. at current levels that would amount to about 20 billion euros. in return, she wants uk access to the eu single market and some form of customs union in the transition period. this will save british firms from a "cliff edge" situation and allow the uk time to negotiate new trade deals. this won't end the wrangling over money, though. counting long—term liabilities like eu pensions and debts, brussels has put britain's total exit bill at up to 100 billion euros. so will it break the deadlock? we will soon find out. the next round of brexit negotiations start on 25th september, this monday. we'll be getting the views of a top brexit watcher economist jonathan portes from kings college london in 20 minutes time. my own belief is we are walking out of the european union halfway through their 7—year budget.
we're leaving a big hole in their finances if we just leave. and if the european union is going to deal constructively with us and reach a sensible agreement — there are reasonable political and diplomatic reasons why we should help them meet their budget commitments and not create a great deal of disruption. jonathan portes is from kings college london where he works on their uk in a changing europe programme, which focuses on brexit. thank you for coming in this morning. listening to the night jenkins, somebody who campaigned for brexit, to hear him say, yes, 0k, for diplomatic reasons we need to meet some of these bills that the eu is asking for, does that signify
more of a progress in towards concession and compromise? more of a progress in towards concession and compromise ?m more of a progress in towards concession and compromise? it means theresa may has concluded one round of negotiations reasonably successfully. that is the negotiations within her own cabinet and party. it takes us a bit further forward in the negotiations that actually matter between the uk and the eu 27, but only a bit further. this will be enough to avert the negotiations breaking down. i do not think the eu will turn round and say this is totally inadequate. but it is only a small part of what needs to be settled before we can move to the next round of negotiations, which is what the uk wants to do on trade. we still need to address the other elements of the bill, as you set out in your introduction. we also need to address the key elements on issues of citizens‘ rights and the northern irish border, again, where the eu and michel barnier made a speech just yesterday pre—empting theresa may‘s speech today, we are still waiting for serious, concrete proposals from the uk on these other issues. how do
you think the eu will receive this speech today? what will their reaction be? i think they will shrug and say, the u.k.‘s edging closer to reality and the tone is welcome and at least the uk does seem to finally be taking the negotiations seriously. at we want to see concrete, detailed proposals in the next negotiating round, notjust what happens during the transition, but on those three elements of the article 50 negotiations. the exit bill, the full set of liabilities, as you said, plus details proposals on citizens rights with the uk saying that they want to take away some rights from eu citizens here and the eu says, no, we want to preserve the rights of eu citizens here and british citizens abroad, and also the northern irish border, where frankly i do not think they think we are serious yet. as you said, it was thought that by october we would get a trade negotiations. the chances of that now? very close to zero. i haven‘t spoken to anybody in the uk or in brussels who think that will happen. i think the best
we can hope for now is for these negotiations to stay on the road and to make some progress and hopefully in the next two months the uk can begin to work out its position in detail in these areas in a way which will meet some of those eu concerns. jonathan porter is from king‘s couege jonathan porter is from king‘s college london, thank you. we are also in the us where clouds are gathering over the solar energy industry. us manufacturers claim a surge of cheap solar panels from china is pushing them out of business. two of them have taken their case to the us international trade commission. it decides today whether to slap tariffs on chinese solar equipment. their opponents say that could damage the whole industry — as the bbc‘s michelle fleury reports from new york. there arejobs when there are jobs when the sun shines. solar energy is one of the bright spots in the us economy, growing faster than the coal and natural gas industry, creating opportunities for those who make the panels used here to those who install them. but a
trade dispute is dividing this industry. well, there is a much left of solar manufacturing here in the united states. tim bright bill is a lawyer for solar worlds, one of two struggling solar panel makers, who argue that a flood of inexpensive imports from countries by china has hollowed out america‘s sole industry, and that global tariffs are needed. the base officer was more than 1000 made on their facility alone, and solar world is the largest north american producer of solar cells and solar panels. in the whole us industry, 30 companies in the last five years were forced shutdown or declare bankruptcy due to be global import surge these products. other players in the industry say that any price hike would in fact killed, not create, solarjobs. solar industry booming. what these petitioners are requesting comedy relief they are
requesting, will slow down the solar industry by more than 60%. any effort to increase the price of our product, which is what tariffs would do, will causejob product, which is what tariffs would do, will cause job losses, product, which is what tariffs would do, will causejob losses, not games. look at our trade deals, they are the worst ever. the decision may end up in his hands, the america first resident. all trump will have the final say on which polities should be imposed. if regulators find that american solar panel makers do in fact need protection. if you are solar panel makers are found to have been harmed that could leave donald trump in a spot —— a top spot. will he stick to his pro— trade, anti— tariff, anti— china position, or softened his stance to help the us solar workers? ultimately, american and foreign solar manufacturers will be following this closely to see what kind of cloud hangs over their industry. in other news, facebook founder mark zuckerberg says his company will share 3,000 russia—linked
political adverts with us investigators. in a live address on his facebook profile he pledged to make political advertising more transparent on his network in future with disclaimers about which campaign or organisation paid for it. the move is being interpreted by some as an attempt to fend off any potential regulation from the us government. president trump has signed a new order that boosts us sanctions against north korea over its nuclear weapons programme. the us treasury has been authorised to target firms and financial institutions conducting business with the north. the president also said china‘s central bank had instructed other chinese banks to stop doing business with pyongyang. before we go, let‘s look at how the markets are getting along. that‘s north korea story is having an impact on the markets. the markets are feeling jumpy about those geopolitical tensions. 0vernight, stocks in asia were down. you can see that the stocks in asia have
closed. an element of other taking because the markets in asia were having a good week. check the brent crude. a meeting from 0pec, the 0rganisation crude. a meeting from 0pec, the organisation of petroleum exporting countries. russia and other producers are meeting today in austria talking about a possible extension of the 1.8 billion barrels per day in cuts to support prices. a good week in the markets in the us. heat again, though, by those concerns about issues in north korea. we can see the markets closed down yesterday. also there has been a downgrade of china‘s debt rating. that is also having an active impact on the markets. don‘t forget, you can get in touch with me and some the head of the national police chiefs council,
sara thornton, has warned that pressures on policing are "not sustainable" within existing budgets. the npcc coordinates the police response across the uk to terrorism and represents forces in england and wales. ms thornton claimed the counter—terrorism policing budget was set to be cut by more than 7% in the next three years. danny shaw reports. five terror attacks in britain in six months. security experts say it isa sign six months. security experts say it is a sign in the shift in the threat of terrorism, which could take 30 yea rs of terrorism, which could take 30 years to eliminate. it poses a big challenge for the police service, and now one of written‘s most senior officers has spoken out about the need extra funding. writing on the national police chief council website, sara thornton says the counterterrorism policing budget is being cut by 7.2% in the next three yea rs. being cut by 7.2% in the next three years. this thornton says that is a real concern giving the alarming nature and volume of the threat. she says the pressure this creates is
not sustainable because there are fewer resources overall, particularly in neighbourhood policing. one of the things that we absolutely value is our part in the fight on terrorism, having neighbourhood police officers, out there in neighbourhood is building relationships, talking to the public and picking up bits of information on pits of intelligence. if we do not have that footprint, and we are very worried that that has rich used over the last few years, then we will not pick up information. it is just as importantly we will not have that really important relationship with the public. the home office says it is sensitive to the pressures on police forces and is in discussion with them about their problems. but there are also fresh concerns about whether there are enough firearms officers. a new survey is expected to show growing support among the police for more of them to be trained to use weapons. coming up at six o‘clock on breakfast, charlie stayt and naga munchetty will have all the day‘s news, business and sport. you‘re watching bbc news. the
headlines: british prime minister theresa may is in florence to set out proposals for brexit. the bbc understands she will propose a two—year transitional deal for the uk to try to secure a smooth exit from the eu. the war of words between the us and north korea is intensifying. kim jong—un has described president trump as "mentally deranged" after his anti— pyongyang speech at the un. mr trump has announced more trade sanctions. critics are continuing across catalonia after the spanish government impose daily fines on separatists trying to be organised and independence referendum. spain says that any vote for a split from spain would the illegal. mexican president has promised to continue the search for earthquake survivors. he said rescuers are still looking for anybody alive in the ruins of ten buildings. more than 270 people are now known to have died. in
defeat. now it is time for our news review. we begin with the ft and us president donald trump who announced new sanctions against individuals and companies that trade with north korea. he also welcomed moves by beijing to stop all chinese banks doing business with pyongyang entities. the telegraph leads with uk prime minister theresa may who will make a landmark brexit speech in florence later today which she hopes will break the deadlock in the brexit talks. it‘s believed she‘ll propose a two year transitional deal for the uk to try to secure a smooth exit from the european union. according to the independent the british people have turned their backs on brexit following a poll carried out by the paper which show a majority of the uk public want to remain in the european union. the telegraph business pages say embattled airline rya nair
threatened to delay pilots holiday allowance as the company scrambles to keep on top of its flight cancellation crisis. the guardian financial pages report on moves by the european union to rewrite tax rules for tech companies such as google,facebook and amazon in order to increase revenues for eu governments. and finally, what could possibly be playing on the palace play—list? it has now been confirmed that the queen has an i—pod after one was spotted in balmoral castle and seen in this photo in the times. its believed it may well be the same one gifted to her by former us president barack 0bama back in 2009. she needs an upgrade! with me is iain anderson, who‘s founder of the international communications agency, cicero group. good morning. let‘s start with donald trump