ran on a promise to leave britain out of e.u. and david cameron promised a national referendum on national membership, promised renegotiation on membership and campaign in remaining in the e.u. >> the commitment in treaty that should not apply to britain. we have a different for europe. we believe in a flexible union of free member states who share treaties and institutions to share our prosperity and protect our people from threats from our security >>> right now a furious national argument is shaping up about costs and benefits, hook up all the tug boats you want. the british isles will only be a few dozen miles from france and a few thousand miles away from the u.s. a tension point around e.u. membership is practical, immigration markets, international standards, currencies and deep notions of what the u.k. is and what it will be. >> should remain in europe but not as it is at the moment. all our powers have been taken away. it's no good for the country. stay in europe because we need europe to trade with each other, but on a

some tension in the britain-american relationship. barack obama has been surprisingly critical of david cameron. at one point, he warned the british prime minister but the uk's low level of defense spending, telling mr. cameron to pay his fair share in order to preserve the special relationship. nick bryant has more. ♪ the whitehe lawns of house this morning, signs of a special relationship in the making as barack obama welcomed the canadian prime minister justin trudeau to washington. a few years ago, david cameron was the recipient of the same pomp and circumstance, but judging by an interview the president has given to "atlantic," relations between these allies across the pond have lost some of their luster. at last year's g-7 summit, the article claims the president told david cameron, you have to pay your fair share in defense spending for the special relationship between the united states and the u.k. to remain intact. perhaps that explains the awkward diplomatic body language between the two, or why britain committed shortly

britain is producing trading nations. we had the fastest-growing economy and we are least likely to suffer from some of the shocks that are being undertaken in europe. the biggest problem was with the european union itself, which is much more dependent on selling to britain. so there is an incentive to get a free trade agreement done as quickly as possible. that diminishes our risk. it is almost inconceivable that markets are not pricing in risk wesome of this have seen, fluctuations in currency. although those tend to self correct recently. , and it is, for us about our ability to prepare for a more global future. i do not referendum is being about leaving the eu. i view it as rejoining the rest of the world. >> has said the u.s. would not initiate a free trade agreement with the u.k. should you decide to leave the eu. what is your response to that? dr. fox: there will be a new government next year one way or another. frankly, we are in the dying of the democratics think is not significant. >> check that. let us leave th

britain is producing trading nations. we had the fastest-growing economy and we are least likely to suffer from some of the shocks that are being undertaken in europe. the biggest problem was with the european union itself, which is much more dependent on selling to britain. so there is an incentive to get a free trade agreement done as quickly as possible. that diminishes our risk. it is almost inconceivable that markets are not pricing in already some of this risk we have seen, fluctuations in currency. although those tend to self correct recently. in any case, for us, and it is about our ability to prepare for a more global future. i do not view this referendum as being about leaving the eu. i think it is about rejoining the rest of the world. the dying embers think of is increasingly of little importance. again let's leave the politics aside and i will come back to this concept which is counterproductive. u.k. is such a big market for american experts and vice versa, what would be the point of introducing friction int

a strong britain and is a strong e.u. we don't have a strong e.u.. and unless it reforms it will continue down that path. and at the present time, in any case i want britain to be a free and independent country because the best thing we have done in country's history, free to do them and it is britain's destiny, when they voted for us to join the e.u. and got involved in the union my view is they sold out our birthright. i am not willing to do that to the next generation. >> host: the witching hour, time to throw down, what do you think will happen at the close of the day on june 23rd? >> any turnout above 60% will remain, any turnout 50% we leave. >> host: you heard it here first, thank you, this has been a stimulating discussion, a series we enjoy producing on the road to june 23rd and we will have other voices from the remaining campaign but we are so delighted that you kicked us off in an important decision. the british people think of the american presidential election, they have no say but it has an impact. i feel the same about the uk referend

we would ship tears of britain left, they said. we were told it would be unknown consequences if we left. we were told we would be ruthlessly targeted economically. we went from being best friends to protection within several days. if we do not pay a certain amount every year, bad things would happen to us. i am not sure it is a great thing to be in an organization of promises you a punishing beating unless you give them money. same thing from the u.s. perspective trying to tell the british people that they have to do something when it is their own national free will that is being tested does not o down well. n your, we had someone telling us those who want to leave the european union should visit european war cemeteries. correct me if i'm wrong here, but the reason we have the european war cemeteries is because continental europe was unable to contain its extremism in the 20th century. the growth of communism. we were able to help europe diminish the impact of its own folly twice in the last century to rewrite history in this way.

i think britain is taking the lead there. but i think to pull out because of those reasons would have a very negative effect on the economy in britain. and even if i could add on the immigration side, sorry -- anna: tony, i was just going to ask you about matters -- we are showing pictures of your aviation interests as ceo of air asia that but you also have interest in football here. people were suggesting that if we were to see a brexit would make it harder for the u.k. to secure international football talent. do you think that holds water, really? that argument? tony: i never thought of that, to be honest. being a championship, i am less likely to look at european players. but i think there are all those sorts of things that people forget about. you know, the fact that there is labor freedom, movement. then you imagine that britain will have to renegotiate with every country in asia for a trade agreement. and britain will be less powerful than if it was in the european union, a much larger market. and take airbus, which is

>> i don't think leaving the european union is going to make britain safer. look people are going to go to britain. yes it's an island but you can't keep everybody off. you have large muslim and arab communities there. 7-7 a horrific attack in london. had nothing to do with europe. so i don't think it would make sense for great britain to pull up the drawbridge and i'll tell you one concrete effect of that. it may not be the best organization but it's the best one that exists in europe for coordinating intelligence is headed right now by a brit. well there won't be any if great britain pulls out of the european union so all of those have to be taken into account. the idea of pulling up the drawbridge is always an attractive one after an incident like this but it isn't, in fact, a very practical approach to fighting the kind of threat that looms ahead. >> some of these regional elections in germany, i wonder if that conversation gets fiercer even at the state level. >> no, that's right and the observation that it wouldn't be very healthy for a brexit, i don't

britain. britain is the second largest economy and net contributor to the european union. has an independent nuclear deterrent and a permanent seat on the united nations and has a very special relationship with the united states the european union is jealous of. they also have an adverse trade balance of $21 billion on average with europe so money is flowing from britain into europe. they need us, they are one of the most stable economies in the world, and therefore in future looking like we'll help financee mediterranean countries and the bang problems. so they need us. britain is just wake up to it. also waking up to the fact that under the european union plans, countries like britain will be dissolved. there will be no britain. scotland will be a region. britain will be broken into 9 regions reporting directly to drills. therefore all the scare tactic the prime minister talks about if britain leave, scotland might leave britain. scotland will be taken away anyway. the care tactic will be hy

authorities have orders to clear the camp, which is home to thousands of people trying to reach britain. i'm brent goff. good to have you with us on the super tuesday, the biggest single day in the race to determine who will be the final contenders for the u.s. presidential election. let's take a closer look at the front runners vying for the vote . billionaire businessman donald trump is coming out of three consecutive primary victories in his bid for the republican ticket. if he continues, he could be well on the way to securing his party's nomination. a take a for ted cruz and his home state of texas could help him regain lost ground to trump and the latest polls to just that marco rubio may be the only candidate to come out of super tuesday with a winning chance against donald trump urea let's take you to the democrats. hillary clinton hopes that momentum from her landslide win in south carolina can help her defeat her challenger -- you are going to see him here -- bernie sanders. the 74-year-old has strong support in five states and hopes to announce back against that bruising defe

hollande said there would be consequences if britain left of the eu. hollan this won't putde: won'ts. hollande: this put in question the historic relationship between france and the u.k., but there will be consequences in terms of how the migration is handled. france is trying to convince migrants to apply for asylum in france. both countries have agreed to meet -- make the process of transferring them to the u.k. easier and faster. catherine n.: the two men also announced they are going to be funding a 2 billion euro project to put into operation a special military drone. let's get some more info on this announcement with a specialist in these matters. he is joining us live from london. this drawing is described as a multiuse unmanned aircraft. what does that mean? what is it for? >> essentially, the idea is that it will be an aircraft that will be able to penetrate to carry out reconnaissance, get target information for other aircraft, or to potentially conduct --rikes against what is the: interest for france and the u.k. in joining together on this

jim: for great britain, i would vote to stay definitely. to trade with europe without being in the common market is not going to be good or helpful. britain is already in relative decline over the past few decades. you've got huge debt. if you have to have more difficult trading, it is not going to help you. guy: you know something about shorting sterling. jim: i have no position -- i have a few quid in my pocket. guy: are they dollar braces? jim: i told you i am long the dollar. i'm putting them everywhere i can. in my socks. guy: why not short sterling? if you are worried about the brexit story? jim: if there's a consensus, i do not want to do it. i never want to be on the same side with everyone else. by being long the dollar, i am short sterling, but i do not have any position in sterling. guy: talk to me about was signaled a sense. jim: i think sterling is going to go down whether the exit or not. they have got giant debt. great britain is in trouble whether the government admits it or not. current account deficit. jim: everything. guy

blackrock predicts a brexit would be bad for britain. we speak to one of the authors of this report. welcome to "the pulse" live from bloomberg's european headquarters in london. i'm guy johnson. let's check in on the european equity story and show you what is happening. front foot forward, risk on, tax 1% higher. ftse up 0.5%. nearly 0.8s up by percent. asia had a solid session. the nikkei roaring ahead. take a look at dollar-yen. that is up 0.3%. the nikkei up 4% overnight. go to your terminal. the nikkei, the stoxx 600 and the s&p. the non-us markets have a lot catching up to do. oil is trading lower. let's get you caught up with all the news. here's nejra cehic. donald trump has a firmer grip on the republican presidential nomination. he's taken seven states as part of a commanding super tuesday showing. ted cruz won texas as well as oklahoma. hillary clinton defeated bernie sanders by wide margins in democratic primaries to give her and all but insurmountable lead. moody's has cut its outlook for china's credit rating to negative th

can they make the case for britain inside the e.u.? e will talk to john moynahan later. ♪ guy: let's kill you caught up on everything you need to know this morning. here is the bloomberg flash. chesapeake energy or cofounder aubrey mcclendon has died in a car crash. a day after he was charged with rigging bids for oil and gas leases. he faces accusations that he conspired to kee drilling rights artificially low. he drove his car at a high rate of' speed. in earnings is higher consumer spending makes it easier to sell high-priced goods. sports shoemaker says net income will increase 10% to 12%. the growth margin loan there as much as one percentage point due to higher purchasing costs in asia. that operating profit dropped 6.1% last year. the company says it was hit by -- many of the living in developing electric vehicle technology. volkswagen'smpany largest earning conservator. -- contributor. guy: let's talk about the euro stoxx 600. a little lower this morning. wages for the fed will raise. you can see the market expectations for u

britain is not -- leaving the eu is not going to give britain any more control of the comings and goings of joihadists into the u.k. it's an emotional question. even people who aren't prone to knee-jerk emotional reactions on such questions are openly discussing the fact that, you know, they wonder whether this eu project is such a mess that it might be time to jettison and get out. >> and you're referring to the policy of open borders, passport free travel. give us a quick rundown of what that means. >> schengen is a treaty signed is by almost every member of the eu and some european countries not in the eu, like norway and switzerland. as you say, dropped all internal borders. if you travel, for instance, from belgium to france, up until yesterday, there's no border checks. there's no border control. this is also seen as one of the great achievements of the eu. this is a continent that not too long ago you had to constantly stop and show your passport when going from france to luxembourg to belgium. now it's like driving from pennsylvania to new jersey. there's no stops. the problem wi

that is why britain put this issue squarely on the agenda of the g20. while it was a large part of our discussions with the chinese when they made the state visit last year. why we're investing 50 million-pound in innovation fund working with the chinese government to take this forward. i hope that the organization in his constituency can benefit from some of that research. >> tim farron. >> mr. speaker, the prime minister will know that his home secretary is once again trying to deport afghan interpreters seeking sanctuary in the united kingdom. these brave people risked their lives serving our armed forces yet they now are facing to be sent back to the mercy of the taliban or join hundreds of thousands of people rotting in refugee camps. is this how britain should repay those who put their lives on the line for us? instead will he do the right thing and do whatever possible to insure they're offered safe haven here? >> what we did in the last government in which his party played a role we agreed a set of conditions for afghan interpreters to be able t

we think britain should continue to call for reform. but britain should stay. it will be better for doing business in britain and for british businesses doing business across europe. anna: what about the operations ryan and has in the u.k.? would you move some of those? would you road use the amount of flights? what sort of planning are you doing around that? kenny: we don't think it would change what we want to do. it is the biggest market for low-cost airlines. we don't to get would have an ourdiate impact on business. over the medium and longer-term, it would create some uncertainty. europe will continue to want to fly to great britain and people in britain will want to fly to europe. anna: was your working assumption, if we did see the eu vote to leave, what would be your working assumption around to relationships? would businesses like yours have to assume things carry on as they were before until you are told otherwise? or do you start again immediately? kenny: our view is it would continue as we see today and everyone would make the adjustments that need

the construction output in britain has shown for two consecutive quarters now. surely this is a matter of of concern. isn't this really bit of a sign that the economic recovery is being constructed on sand? >> let me confirm we have protected 16-18 education in this spending round. he talks about construction of course we want to see every part of our economy growing and our economy is growing unlike so many in what is a difficult and dangerous world right now but if you look at our construction plan because we have a strong economy we are able to commit to a just two, able to commit to the biggest road program since the 1970s. the largest the program since victorian times and together with huge infrastructure projects in energy and in other areas. those things are only possible because we've got a strong and growing economy. we know what labour would do is spending plans our wrist to the nations finances. his tax plans are with you every come in the country and we know from scotland one wants to do which is put up taxes on people earning over 20,000 pounds. tha

are we moving into an area where weekend turned britain? >> we've got to look at the facts rather than top-down people working so hard to teach children in our schools. the fact that these teachers are better qualified than ever, 96.6% of teachers in state-funded schools have a degree or higher qualification. those are the facts. i would argue going into teaching and now teach first is the most for graduates come as something ever happen under a labor government. you've got to know that you've got a good school system with more academies, more free schools, higher qualification, making sure with governor gray and discipline in our classroom, all of which is improved. all that is the possibility of a strong and growing economy to fund the schools. [shouting] >> thank you, mr. speaker. nicholas poe in my constituency is one of several closures this year. both of whose carbon emissions are higher than ours are building brand-new, mega stations and much of that which we are going to import. it's very hard, mr. speaker, for me to explain the log

would the prime minister me with me to discuss further what britain can do to enhance healthcare services both for the syrian refugees and the wider church in community? >> i'm happy to meet with my honorable friend to discuss this but it is an extraordinary sight because of the scale of the endeavor underway. i think britain can be proud of what we've done in terms of the direct aid we've given and also the london conference that raised $11 billion. i know he's gotten lost in interest on what we can do to make sure facilities are delivered quickly including using military facilities. i think there may be opportunities for that but we need to make sure the emergency response from ngos and the united nations is as fast as it can be when crises like this happen in the future. >> as the prime minister struggles with certain elements in thi his party over europe doe ever think back on it inspirational prime minister wilson who made similar difficulties but to stood up to the rebels in his own party and secured a yes vote for staying in europe? will be joined with me because harold wilson's --

if britain decides to stay, all of that negative premium will unwind. even if brexit does happen, it would be bad for europe as well. that is what we have seen over the last 24-48 hours, the selling of the euro versus the pound. they won't be happy with the fact that the eurozone is trading down. that is not beneficial for europe. those are two important metrics for the ecb. guy: if you look at the work function on bloomberg, the german data looks a little bit better on the services. stronger ase is well with 54. 54 is not bad for germany. i want to take you back to the work function. what the market has price in has been great hikes from the fed. rom the hikes for fred. we have praised that back in. we have a 6% chance and that is still not nailed on. the fed is probably comfortable with that. that means we have nothing for the next eight or nine months. that is consistent with what we have seen since december. we have two priced in at that stage and now we have maybe one. it is still consistent with the fact that the fed will not be as aggressive as t

it's a relic of the colonial era when the island was still administered by britain. back then, officers and their families lived in these houses. today the children of refugees from sudan and from the kurdish territories in syria and iraq play here. seventeen years ago their parents were shipwrecked off the coast near the british base. >> we had problems with the boat. the engine stopped and then the boat had a hole in the middle of it. and then the water started getting inside the boat and the boat start going slowly, slowly. by that moment we have seen five or 10 kilometers in front of us there was land there. reporter: that was in october 1998. 74 people were on the boat, manned by smugglers. hours later they finally reached land. tag bashir was one of the first to scale the cliffs. >> i saw one of the soldiers was walking and i ran to him and asked him, where are we? he said, who are you and where do you come from? i told him the story that we came in the boat and the boat is down there and the boat is carrying people down there. he asked me, where? i told him, j

there have been 70,000 lay-offs in britain's oil indurstry in the last few years. highly qualified, highly specialised workers facing an uncertain future. >> aberdeen is one of te world centres when it comes to oil and gas. it's hugely important. not just in terms of activities in the north sea but what is pthe world.ted from here across so it is a real big impact here in the north sea. the north sea is one of the highest cost basins to operate in and of course when the revenue falls away, we can't just to get our price down to make sure the fields are competitive in a environment. reporter: many people are giving up on the industry. mechelle has lost her job twice. now she's setting up her own business. she's renovated an old shop. in a few days she'll be opening her takeaway & cafe. mechelle clark: here we are. it's taken a lot of work to get here. we're nearly there. i'm very glad to be out of the oil and gas insutry. -- industry. it certianly doens't seem to be improving, so i feel like i've made the right decision so far. reporter: this customer is looking for

his stance on britain's place in the eu. vonnie: an exclusive interview with rick elio, what the leader of the world's largest hedge fund has to say on monetary policy and the markets. hour -- half an hour from the european close. 6.5% five-day rally, we temporarily rose, but barely and since then, the stoxx 600 is down by about 4/10 of a percent. five under -- u.s. half a point off the index but still, the index will be lower even without that. this is the 12 month chart i wanted to show you because it is a couple of days ago. shares rose to a record but a sweet story because the company said it is -- it's gross margin will narrow as much as one percentage point due to higher a forecast of to 12% increases in sales and earnings as consumers spend more ahead of euro 2016, the big soccer tournament taking place on the confident in the summer. -- will take over in october. holders, thet company has a big present in the united states, stop & shop and giant. -- quarter profit profitability and the netherlands and the u.s. improv

in britain. things that have no productive value whatsoever, all about appearance. what do you bring back with your credit? you can't invest it in anything. you just waste it. what happens? debt. debt. which washington has learned to fear and to hate above all else. he himself in his own estate, begins to fall in the early 1760s, fairly heavily into debt. george is partly to blame for this. it's interesting in his accounts, if you look up to 1759, he spends a fair amount of money wasting money on cards and billiards. i really, really want some talented artist to paint washington playing poker or playing snooker or something like that, and i just got to site, because he spent a lot of time on it. if you look at the accounts in 1759, he marries martha, the expenditures on these -- on gambling has been like this, suddenly disappears, she lets him play a game of pool from time to time but no more cards. 1762, suddenly pool disexpense he is playing cards again, and i just know he was whining to martha, come on, want to go with the guys once in a while and play some cards

what he did was show how the small island country of great britain managed to become the greatest power on earth with an empire on which the sun never set on the secret, he said comeau was seapower. the fleet of battleships allowed britain to secure sea lanes which brought wealth to trade which brought power. here was a simple formula for anyone now this did not cause a change in american policy. but he offered a rationale and justification for naval expansion that was already beginning. the central issue remains the same. argued that was not the way to go about it. not for any particular purpose but in the conviction that somehow a great nation should have some battleships. and was secretary had call the splendid little war it was a milestone in our nations history. the new battleships of the u.s. navy utterly destroy the older and weaker spanish vessels the 1st important overseas possessions. now as a result hawaii, guam, the philippines they also created an empire and the new interest in protecting and defending that empire. the united states emerged from that self-imposed cocoon man

george osborne once britain -- wants britain to remain in the eu. a lot of news today. sterling little changed on the back of the osborne budget. for now looking at bloomberg news. mark: president obama has nominated merrick garland, a judicial moderate to currently serves as chief judge of the d.c. court of appeals. the selection sets up a fight with senate republicans who have vowed not to hold hearings on any nominee until after november elections. isning us more -- with more the bloomberg reporter. thank you for your time. tell us, who is he? >> he is the chief judge on the d.c. circuit court. for almost a judge 20 years and has received rave reviews from republicans and democrats. he was appointed by president clinton. great things to say about him when he was considered for supreme court opening back then. the president is using this as an all of branch to republicans to press their hands a little hearings,e them have have meetings, and eventually a vote on the nomination. mark: doesn't seem the white house strategy is you have said judge garland is one of the bri

the construction output in britain has shown for two consecutive quarters now. surely this is a matter of of concern. isn't this really bit of a sign that the economic recovery is being constructed on sand? >> let me confirm we have protected 16-18 education in this spending round. he talks about construction of course we want to see every part of our economy growing and our economy is growing unlike so many in what is a difficult and dangerous world right now but if you look at our construction plan because we have a strong economy we are able to commit to a just two, able to commit to the biggest road program since the 1970s. the largest the program since victorian times and together with huge infrastructure projects in energy and in other areas. those things are only possible because we've got a strong and growing economy. we know what labour would do is spending plans our wrist to the nations finances. his tax plans are with you every come in the country and we know from scotland one wants to do which is put up taxes on people earning over 20,000 pounds. tha

in 1982, argentina occupied the falklands with an army and britain fought back. after a two week long war, british troops triumphantly marched into the capital, port stanley. argentina refused to give up claims and kept pushing to expand sovereignty. now, the u.n. commission on the limits of the continental shelf has recommended that argentina's territory in the south atlantic should be expanded by 35%. the decision would put argentina's maritime claim well over the falklands. one is aries -- they apply to the recommendation. >> having obtained about 1.7 million square kilometers worth of territory implies the possibility of exploitation of the area and maritime subsoil. and as such, we have wealth we do not even know about yet. reporter: that is the crux of the matter. companies drilling outside of the falklands have come up with encouraging results. one well deliver oil. one of the explanation firms thinks that the falklands is a city 90 billion barrel basin. this is an important element of the islands'economy. they could use it to pay down debt. the british go

whether or not britain actually is going to be the subject of a vote later this year. it does add an interesting angle to it how they can continue to cooperate if they are no longer both european union members. >>> north carolina has been accused of firing short range projectiles just hours after slapped with touch new sanctions. the south korea defense ministry said they were launched toward the east sea, also known as the sea of japan. harry fossett is following developments from japan. >> the ministry of defense in south korea simply saying a number of projectiles had been fired into the sea of the eastern court. how the local media in south carolina are reporting a little more fully. they do sometimes get briefings from military officials, talking about a range of apparently 100-150 kilometers. various numbers have been mentioned, six or eight to nine projectiles, unclear it seems at this stage whether they were short range missiles or perhaps from a multi-rocket launch system such as unveiled in a major parade in october in pyongyang last year. it's understood ana

britain will vote yes or no. the problem is this kind of attack focuses the british opinion on the risk of brussels, the expense of brussels. it also focuses on the bureaucratic nature of europe. that previous report discussed how hard it is for europe to operate among itself. if you're sitting in britain you say we'd be better off without that. i'm worried that's what's going to happen. >> are these attacks as you sit and look at them an attack on the european union per se? in other words, the people who claim responsibility for this say this attack was in retribution for belgium's support of and participation in raids that targeted isis in the middle east in syria and so forth. france the same thing. attack us, we're going to attack you. stay out, and we won't bother you as would be the case in countries that have not participated in that. >> well, i think that's the hope of radical islam. that's one of the war techniques to scare the opponent into inaction and so certainly they're hope in europe is the countri

it's now for great britain to decide. it will take a referendum and i'm not one to make any forecast here too the outcome of that referendum. we only know that published opinion that is to say the public media are very critical as regards the possibility of the likelihood of great britain remaining a member of the european union. i cannot foresee who will be victorious at the end of the day. i think the greatest crisis, those in the history of the european union turns around the refugee issue. but it's no use complaining, lamenting. i'm being very open and honest. we do not agree here especially when it comes to fair burden sharing. there's quite a long way for us to go but i believe that it is in our very own european interest that we work to show that we're capable of addressing such challenges. we, and when i say "we" i think i can speak for the german government in toto. we will not try to stop convincing our neighbors only through common european solutions can we make cigaretteful headway. whether we'll be convincing

meanwhile, there is the prospect of britain leaving or staying in the european union. the referendum in june. how critical do you think it is that the exit gets sorted out soon both for britain and europe's economic stability? >> we believe it is critical that the situation be resolved as quickly as possible, to eliminate the uncertainty, which is always negative for economic circumstances and decision-making processes. my intuition tells me that that outcome would be better for both the u.k. and europe if it was a positive one. in other words, if the u.k. was to stay. that's a personal preference, i would very much prefer to see the u.k. stay in the european union, but i also believe that our economic findings will strongly support that view that it would hurt both the u.k. and the eu if the u.k. was to go. katty: we will have more of my interview later in the program. including why she is pushing for more women in the workforce in europe. an estimated quarter million people have been killed and driven from their homes. ofhas led to the persecution minorities. this we

when he finally got to britain, no one believed his story. he fought the system, though to be allowed to stay. >> you are tending me back to a war zone. and when they go back, they will be threatened. but also they will be the one who will be more at risk of becoming radicalized. >> reporter: figures though that during the past nine years 2,748 young people who sought asylum in britain were sent back to war-torn countries soon after they turned 18. among those, the vast imagine yourty were sent back to afghanistan. others were returned to iraq, iran, libya, and syria. >> when they turn 18, their limbo ends, but their life in many ways ends as well. it's really shocking to see the numbers. >> reporter: the u.k. government defends its recording telling us: >>> with the refugee crisis in europe showing know sign of abating, the numbers of unaccompanied numbers arriving on the continent's shores is growing. in the final year of a politics degrees, he now campaigns on behalf of other refugee and asylum-speaking children. hoping his story will insp

aren't we moving into an era which we can term "agency britain"? prime minister cameron: i think he's got to look at the facts rather than talk down people who are working hard to teach children in our schools. our teachers are better qualified than ever. a record 96.6% of teachers in state-funded schools have a degree or higher qualification. those are the facts. i would argue that going into teaching, and now teach first is the most popular destination for oxford graduates -- if you want to look at encouraging people to go into teaching, you've got to know that you have a good school academies, good preschools, higher qualifications, making sure we have rigor and discipline in our classrooms, but that is only possible when you have a strong and growing economy to fund the schools our children need. >> thank you, mr. speaker. business savvy in my constituency is one of several u.k. power stations that has seen a closure this year. in germany and holland, both of whose carbon emissions are higher, they are building coal-powered stations. much of th

the situation in the french refugee camp known as the jungle. >> reporter: a century ago france and britain fought shoulder to shoulder in the fields around the modern city of ammion. there was heavy symbolism in president francois hollande and president cameron at the war memorial. they got down to business, an agenda dominated by their bilateral cooperation on refugees and security. an arrangement potentially threatened by the impending british referendum on e.u. membership >> translation: i don't want to scare you. i just want to say the truth. there will be consequences if the uchlt k is to leave the e.u. there will be consequences in many areas, on the single market, on financial trade, on economic development. i don't want to guf you you a catastrophic scenario but there will be consequences - give. >> reporter: there was progress in a promise that unaccompanied refugee children will be allowed to join relatives already in the u.k. the response was to simply promise more financial support so most refugees stay on french soil. >> we will invest an additional 70 million pounds in priori

chancellor testify before lawmakers on britain's the eu today. he is lucky to face questions about the budget after it sparked a public risk in the conservative party. his testimony follows yesterday's by london mayor boris johnson, a leading proponent of the campaign to leave the eu. robert goldfarb, and the comanager of the sequoia fund is retiring. that is after the investment valeant drugmaker experience problems. goldfarb will take over as the manager and the companies's ceo. global the 24 hours a day powered by our 2400 journalists in more than 150 news bureaus around the world. thank you very much. let's talk about italy. buy, and itreed to is an all stock deal. it makes it italy's third largest lender. jeff, welcome. is this mario draghi waking up a perfect scenario. this is what he wanted, and the italians are playing ball. caroline: this article tackle what has been a significant amount of bad loans. see m&a and bernstein calling this a few days ago. this deal has been brewing. they say this is an iconic deal. remember, 25% of deposits

of a french officer right front of everybody, intending perhaps to spark a larger conflict between britain and france. the point being that terror is present out in the seven years war. in one of the more closely examined incidence of attempted biological warfare, jeffrey amherst may have ordered smallpox infected blankets to be distributed to his native adversaries. we are not sure that he did that or did not do that, by the way. although he doesn't want point describe native people as "the vilest race of the ever infested the earth and his readers from it must be esteemed a meritorious act for the good of mankind." in a chilling closing chapter of the violence seven years war, the paxton boys employed as a racial terrorism to try to eradicate the conestoga's from the face of the earth. out previously, both sides in the american war for independence used terror inducing tactics to try to -- as a way of hardening the lines andeen patriot and loyalist as a way of advancing the political ends of their various movements. one of the most striking has to do with slavery, i think. it back andabo

get back to my point that it is not a britain. it is british people completed companies, british funds. they will continue to trade more than ever before with countries, with people, with partners on the continent of europe. and i think it is, don't forget to 70% of our non-eu trade is done without any trade deals what ever. >> we know well trade, however whether we have a trade agreement and whether we have had five and other non-tariff barriers is -- >> point of order. you really need to stop interrupting. .. as an example of what you thought we should do in the practice so i'd like to look a little bit more at the canadian deal. go specifically making the infield for the service and eeo markets? >> this question had been asked before. i think there were some attractive such as the seven terrace, that seems to be the attraction go not ideal for the uk what we want to do as george rightly said is the british deal and that's what we will get. >> let's look at the non-terrace areas? if you look at agriculture for example, some not