how under invested are we at the moment in the united kingdom? opportunityh a huge and it accounts for 38% of co2 .missions in united kingdom is the single biggest contributor to our admissions. are investing in other renewable energy solutions and it is where the government should be focusing. >> why are they not? >> they do not understand the benefits. today, theere renewable solutions are cheaper and 45% cheaper than fossil fuels. , the way that energy overs have gone up to fuel 170% over 10 years. it has gone up 17% on average per year. >> we pay massively more than the rest of the year -- the rest of the world and america. biomass inensive and my house. or, is it? beds a larger upfront cost the renewable heating incentive came in and is being launched in spring. they are repaying the capital is it is up to 50% less. and it could be anywhere between i am a household and i am looking at my options here. give me a sense of what we could be doing. itit is a normal boiler and burns wood. >> it is a big difference. it is as efficient as the modern

we have projects in the united kingdom. in india. we're developing in canada and we have aspirations to develop also in france. >> how big can you become if i speak to you in five or six years, how much will you have grown? >> we think very much that there are opportunities to start acquiring some projects. we would like to think that atlantis would be a multihundred not thousand megawatt installations. >> when do you expect to be on the market? >> certainly within the coming months. dependent on finalizing the process. >> we'll have to get you back on after that. tim cornelius of atlantis resources. >> there is this thing on bloomberg. the first word is up next but for viewers, it is the second hour of "the pulse" performs first up, francois hol land facing the music. we are live in paris to find out exactly what is going to be on the agenda. he would like to talk about the economy. he is probably going to have to talk about his personal life. how do those two factors interact? what impact will this have on european politics at a ti

in terms of our growth level in the united kingdom, cable likes it. of eight out of the states today. confidence numbers, futures trading higher. you are going to get durable goods, consumer confidence. there is a traitor out there that is betting $18 million that volatility has topped out. back to you. >> thank you very much indeed. towards thatr way u.k. gdp number out in a few minutes time. housing -- tothe the recovery so far has been the housing market. chiefxt guest is the economist at the royal institution of chartered surveyors. give me the broad-based picture that you guys are seeing. we think about the institution as the housing market. you guys see what is happening in office space, the construction sector, what is the big picture? >> i think the .7 number is about right. the indicators that we are seeing across the sector, housing, construction, real estate in general, commercial property, all turning a little bit more positive. this morning, our commercial property survey came out and what we found is that there is increased appetite to t

as you know, francine, one of the great surprises of 2013 was the better than good united kingdom economy. >> thank you so much. time i'm looking forward to the program. tom keene with surveillance in 20 minutes from now. let's take a look at how european markets are trading. manus cranny is that the touchscreen with more. >> just jockeying between rising and falling, london him of the year of reality, or is it the year of higher rates? by march of next year, you're going to see u.k. interest rates at over one percent. that is a fourfold rise in rates . that is what is being bid on here in the u.k.. services are expanding for the fifth straight month around europe. not everyone is equal. u.s. futures have gone from a negative opening indication to just getting into rising market. s&p 500 at 1827. you also get isam nonmanufacturing in the u.s.. nonfarm payroll is 195,000. that is where the market really contents. the dollar trades just off a four-month high. guy, back to you. >> manus cranny our markets editor. whenever you got coming up for your? darron burke's chief economist joins us af

--whats tilts increasingly good with a new form of scottish that if it were to break from the united kingdom could be, and slang, call the kilts but this morning the british treasury said it will honor gilts for u.k. debt and all circumstances. pay attention to the gilts versus kilts debate. >> it sound so good. let's go back to breaking news on airbus. it booked a record growth a number of orders in 2013 but also sees 2014 deliveries on par with blaster. business, of this remember, the whole business now called airbus. what 2014 is going to will. john strickland is an aviation analyst. good morning to you. 2013, much better year than we thought it was going to be at the start of the year. delivered more -- many more aircraft. just 114 going to continue the trend? >> it looks very positive. airbus has a success is the short arena, the a320 the most commercial successful -- commercial aircraft of all time. mineo, the new generation version, has really got enormous .anks -- the neo they were ahead of boeing in making a decision to the next generation with the a320 neo and airlines lapp

. >> the existing banking union between scotland and the rest of the united kingdom has proved durable and efficient. these arrangements help ensure that scotland can maintain a banking system whose collective balance sheet is larger than the gdp. >> so, let's get more on the bank of england. with the chief economist at markets.com. bill, are we sure that rates will remain low for a little longer? that threshold for an employment will be hit quickly. >> i am fully committed. after we got the unemployment numbers on the 22nd of january, we saw a massive drop, getting close to that seven percent. two things. first, i think we had 167,000 new jobs, of which 74,000 were estate agents. could that be a temporary job? and what we got those numbers, the futures market was implying that we would see the first rate hike in the fourth quarter of this year. as we have seen from mr. carney twice, saying that they will stay lower for longer. one of the things, if we look at the economic recovery -- we are not seeing a massive increase in " productivity." davidt week and davos, cameron and carney wer

john lewis, the biggest chain in the united kingdom said we saw a huge surge. christmas sales up 7%. they had 11 million hits on youtube. they did a little bit of price cutting in the runup for black monday when we are all meant to go out and go mad online. they saw an increase of 23% in online orders. that was a record third of their christmas business. they got 3/4 of traffic on line was in the mobile. they got serious orders on that day as well. john lewis -- outperforming. best ever christmas trading period. deben hams is not. they are saying look, it is early but there is little doubt that john lewis will emerge one of the main winners of christmas. they are going to be stealing market share. they stole it from debenhams. they had manic loss. >> thank you. the latest on u.k. retail. christmas shopping on your tablet. >> aing. shows you how much of a success they made of that project. adopting new way s of thinking about what the company does next. in a note from the company, we must give a bigger push for innovations including the business structure so tha

the expectation is the united kingdom with a legal headquarters in the netherlands. that is the blueprint that mr. marchionne employed when he spun off the tractor maker that fiat owned back in 2011. now it gets more automotive. where will the headquarters they? sergio marchionne himself said he thinks the united states has a large claim to the corporate headquarters. that is where the company makes 4/5 of its profits and gets 54% of its revenue. quite a change from back in the day. a decade ago it got 92% of its profit -- its revenue i should say in italy. the big question is, what is the company going to be called? thoughts on that? >> we already know from marchionne and his management team that both fiat and chrysler are going to be in the name. i guess it is just down to, who comes first? there is a joke right now -- we look at these slightly forensically. what does fiat mean? francine, i know you know that. the joke is that now it is going to be fat, not fiat. this is an issue that undoubtedly came up when the prime minister met with marchionne yesterday. it is

week,led cameron last david cameron, the prime minister here in the united kingdom grade he also called angela merkel. again, for their opinion. he is trying to reach out and have i have listened, i heard, i am responding. it is up to congress, rather than be dealing with the eager issues of access, bulk, and collating data on the scale we have done. ofsibly because this scale backlash, the backlash against the scale of data that has been consumed or retained, could be $20 million for the united states of america. there are still issues to be resolved. ,ne of them is bulk records still allowed to do that at that size. >> you mentioned access. what exactly are we expecting? and you give us detail of what we can expect from obama's speech? day, the end of the number one priority for the american president and obama is the presidency -- is the of privacy in the united states of america. he will most likely retain the security agencies can have access without necessarily having to go to court to get them. way,o somewhere along the the american data or the data they have collated, but the ac

they had a strong performance in the united pping kingdom and france. italy, however, underperformed. they say foreign exchange is going to be the head winds for burberry going forward in 2014. angela and christopher have delivered in a tough, tough market in the run-up to christmas. >> burberry is doing pretty well. they are beating stims again. however it is going to be a tough year for luxury overall. > it is. you had a conversation this morning with ccma. saying you are paying such a heavy premium to have that stock and that perhaps you want to think it is overvalued. goldman sachs have a note out this morning where they are saying anti- corruption is so going to be a big risk factor for the instructsry industry groups. you have the c.e.o. saying look, china is still a big issue on the downside for the next six months. add in that you have a falling yen. have you got the ability to from build in higher prices. can you rise your prices? bloomberg industry is saying mono names like burberry, one name, one selection of products, you pick up those chine

yes i was a paper of register for they they are and i tell you not only in the united kingdom people are very much that they quite accept the c.c.t.v. they think the police to a good job are the c.c.t.v. and they while they're happy to identify criminals as not so much a fear of surveillance at all think in the united kingdom as possible and on mainland europe. over the past decade the u.k. has been constantly seeking new ways to combat the perceived threat of terrorism. at this military base two hours outside of london the newest techniques are getting put through that base its. mark lawrence is one of the new breed of experts offering instruction in the east of unmanned aerial vehicles or drones. you know official government sources who publicly talk about the effectiveness of this new technique only mark lawrence who speak with us. so one planning to do now is hopefully track patrick than either on his way there or is way back if i don't see him in a few odd i will fly to the horse track and see if we can pick him back. the hunt takes place across three miles. ok so we've got patr