1
00:00:02,560 --> 00:00:05,160
Speaker 1: This is Bloomberg Daybreak here for this Thursday, the sixth

2
00:00:05,200 --> 00:00:08,920
Speaker 1: of April in London. Coming up today, chime Offensive, Makran

3
00:00:09,000 --> 00:00:12,840
Speaker 1: and Vanderline meet China's she in Beijing, Mester's impass. The

4
00:00:12,880 --> 00:00:16,800
Speaker 1: Cleveland Fed president tells Bloomberg she disagrees with Wall Street

5
00:00:16,840 --> 00:00:21,320
Speaker 1: bets on rate cuts, bonus bubble bursts, Switzerland's government orders

6
00:00:21,360 --> 00:00:24,520
Speaker 1: cuts to extra pay for credit, sweet success and managers,

7
00:00:24,720 --> 00:00:29,120
Speaker 1: Britain's latest border woes, and a Tory MP's failed roll

8
00:00:29,360 --> 00:00:31,880
Speaker 1: of the dice. Those are the stories we're looking at

9
00:00:31,880 --> 00:00:35,440
Speaker 1: in today's papers. And I'm Leanne Gerns. Plus the arrest

10
00:00:35,560 --> 00:00:39,120
Speaker 1: of the husband of Scotland's former leader, Nicholas Sturgeon throws

11
00:00:39,159 --> 00:00:45,040
Speaker 1: the UK's election max into question. That's all straight ahead

12
00:00:45,159 --> 00:00:48,320
Speaker 1: on Bloomberg Daybreak. Europe the business news you need to

13
00:00:48,320 --> 00:00:52,720
Speaker 1: start your day in just one fifteen minute podcast on Apples, Spotify,

14
00:00:53,000 --> 00:00:56,640
Speaker 1: the Bloomberg Business app and everywhere you get your podcasts.

15
00:01:00,520 --> 00:01:03,319
Speaker 1: Good morning, I'm Stephen Carol and I'm Caroline Heger. Here

16
00:01:03,360 --> 00:01:06,520
Speaker 1: are the stories that we're following today. French President Tommanuel

17
00:01:06,560 --> 00:01:09,800
Speaker 1: Macron and EU Commissioned President for Ursulavanja Line meet Chinese

18
00:01:09,880 --> 00:01:12,399
Speaker 1: leader shooting paying Today, the parent join a list of

19
00:01:12,440 --> 00:01:14,919
Speaker 1: European leaders have made the trip to the world's second

20
00:01:14,959 --> 00:01:18,840
Speaker 1: largest economy since the beginning of the Russian invasion of Ukraine.

21
00:01:19,200 --> 00:01:21,920
Speaker 1: Speaking through a translator, Emmanuel Macron said, it's better to

22
00:01:22,040 --> 00:01:26,560
Speaker 1: engage with the country than to cut them off. Talking

23
00:01:26,600 --> 00:01:30,240
Speaker 1: directly to China about this conflict, the Russian aggression. What

24
00:01:30,400 --> 00:01:34,160
Speaker 1: is at stake, the consequences for our Europe, the consequences

25
00:01:34,200 --> 00:01:36,920
Speaker 1: for the Near East and Middle East, as well as

26
00:01:36,959 --> 00:01:40,160
Speaker 1: for the African continent and so many others. It means

27
00:01:40,200 --> 00:01:43,360
Speaker 1: to try and engage them in a strategic relationship that

28
00:01:43,480 --> 00:01:46,200
Speaker 1: may be more complex than what we would like. This

29
00:01:46,280 --> 00:01:49,840
Speaker 1: is what I will discuss. You already understood that tomorrow

30
00:01:49,880 --> 00:01:51,840
Speaker 1: in the day with the President, we will try to

31
00:01:51,880 --> 00:01:56,000
Speaker 1: build in a way engage China toward a shared responsibility

32
00:01:56,160 --> 00:02:00,360
Speaker 1: for peace and stability. The French President's over has come

33
00:02:00,400 --> 00:02:03,720
Speaker 1: as Europe tries to balance trade and investment interests with

34
00:02:03,960 --> 00:02:07,800
Speaker 1: China with finding a solution to Ukraine at a time

35
00:02:07,800 --> 00:02:12,480
Speaker 1: of heightened tensions between Washington and Beijing. Meanwhile, in the US,

36
00:02:12,480 --> 00:02:16,840
Speaker 1: how speaker Kevin McCarthy met with Taiwan's president Ti Ing

37
00:02:16,919 --> 00:02:20,240
Speaker 1: when in a show of solidarity, Tai said that it

38
00:02:20,400 --> 00:02:24,360
Speaker 1: is no secret that peace and democracy are facing unprecedented

39
00:02:24,520 --> 00:02:29,320
Speaker 1: challenges in her country. McCarthy told Bloomberg that bipartisanship is

40
00:02:29,440 --> 00:02:36,160
Speaker 1: essential when talking to China. We've never spoken with one

41
00:02:36,240 --> 00:02:39,080
Speaker 1: voice when it comes to China. We've gone from administration administration.

42
00:02:39,360 --> 00:02:42,200
Speaker 1: So when I became Speaker, we created a select committee

43
00:02:42,720 --> 00:02:45,360
Speaker 1: and one hundred and forty six Democrats vote for it.

44
00:02:45,600 --> 00:02:48,959
Speaker 1: You've watched Democrats and Republicans here together. I think that

45
00:02:49,000 --> 00:02:52,519
Speaker 1: would even foster a stronger relationship with China, because China

46
00:02:52,560 --> 00:02:56,200
Speaker 1: would understand where our boundaries are. They won't worry about

47
00:02:56,200 --> 00:03:00,400
Speaker 1: all one party saying something. How Speaker Kevin McCarthy there

48
00:03:00,919 --> 00:03:04,519
Speaker 1: was talking to Bloomberg's Amory Haddern in California. One area

49
00:03:04,600 --> 00:03:07,959
Speaker 1: that he warned Bypasses and Agreement was struggling with is

50
00:03:08,040 --> 00:03:11,600
Speaker 1: the US debt ceiling, which McCarthy says wool Street should

51
00:03:11,639 --> 00:03:14,160
Speaker 1: be worried about, speaking of things Wall Street should be

52
00:03:14,200 --> 00:03:17,200
Speaker 1: worried about. Cleveland Fed President Lauretta Mester says the Federal

53
00:03:17,200 --> 00:03:21,040
Speaker 1: Reserve isn't planning rate cuts this year. In an exclusive interview,

54
00:03:21,040 --> 00:03:24,600
Speaker 1: sh Tell Bloomberg's McKee, the Center Bank has different priorities

55
00:03:24,639 --> 00:03:28,880
Speaker 1: than the markets. We've seen periods where the markets have

56
00:03:29,000 --> 00:03:30,840
Speaker 1: one view of what's going to happen in the economy

57
00:03:30,840 --> 00:03:33,320
Speaker 1: and the Fed has another view, and so I think

58
00:03:33,360 --> 00:03:36,000
Speaker 1: we see things a little bit differently in terms of

59
00:03:36,040 --> 00:03:40,520
Speaker 1: what the appropriate monetary policy is given where the economy

60
00:03:40,640 --> 00:03:43,200
Speaker 1: is and where it's going. We certainly are focused on

61
00:03:43,280 --> 00:03:47,000
Speaker 1: inflation and making sure that inflation gets back down to

62
00:03:47,120 --> 00:03:51,120
Speaker 1: two percent over time. The Cleveland Fed President's comments come

63
00:03:51,160 --> 00:03:54,160
Speaker 1: after ADP data and the Jolts Report showed a softening

64
00:03:54,200 --> 00:03:57,280
Speaker 1: in the US labor market. Bloomberg Radio and Television with

65
00:03:57,400 --> 00:04:00,560
Speaker 1: a full coverage of tomorrow's US jobs report released at

66
00:04:00,640 --> 00:04:05,160
Speaker 1: one thirty pm London time. Now, the Swiss government will

67
00:04:05,200 --> 00:04:09,320
Speaker 1: cancel or cut the outstanding bonuses of top Credit Swiss executives.

68
00:04:09,480 --> 00:04:12,760
Speaker 1: Under the plan, board members will have all outstanding payments

69
00:04:12,800 --> 00:04:17,920
Speaker 1: for twenty twenty two scrapped. Managers of one and two

70
00:04:18,040 --> 00:04:21,240
Speaker 1: levels below the board will have their bonuses reduced by

71
00:04:21,320 --> 00:04:24,479
Speaker 1: up to fifty percent. The movie effects around a thousand

72
00:04:24,480 --> 00:04:27,599
Speaker 1: Credit Swie employees. Police in Scotland have released Peter Murrell

73
00:04:27,720 --> 00:04:31,960
Speaker 1: Nicolas Sturgeon's husband without charge last night. He'd been detained

74
00:04:32,440 --> 00:04:34,880
Speaker 1: as he was the former chief executive of the SMP

75
00:04:35,080 --> 00:04:39,039
Speaker 1: in relation to an investigation into the party's finances. Scotland's

76
00:04:39,080 --> 00:04:41,839
Speaker 1: new First Minister, Homsa Yusuf, says that the party wants

77
00:04:41,839 --> 00:04:46,440
Speaker 1: to reassure voters. In my first meeting as Leader of

78
00:04:46,520 --> 00:04:50,760
Speaker 1: the ANC on Saturday was to get the ANC to

79
00:04:50,880 --> 00:04:53,360
Speaker 1: agree to a course of action, our own governance, our

80
00:04:53,400 --> 00:04:57,240
Speaker 1: own transparency, because people are do have questions about the

81
00:04:57,279 --> 00:05:01,799
Speaker 1: party about transparency, a better finances. That was Scotland's First Minister,

82
00:05:01,839 --> 00:05:05,520
Speaker 1: Hommesa Yusuf, who succeeded Nicholas Sturgeon last week. Sturgeon said

83
00:05:05,560 --> 00:05:09,479
Speaker 1: she had no prior knowledge of Police Scotland's plans. The

84
00:05:09,560 --> 00:05:13,080
Speaker 1: UK government has sought to distance itself from the Confederation

85
00:05:13,120 --> 00:05:17,320
Speaker 1: of British Industry following allegations of sexual misconduct. Sources tell

86
00:05:17,360 --> 00:05:21,360
Speaker 1: Bloomberg that multiple departments have postponed meetings with Britain's biggest

87
00:05:21,400 --> 00:05:25,039
Speaker 1: business lobby. Companies are also reviewing a their membership of

88
00:05:25,040 --> 00:05:27,960
Speaker 1: the lobby group, which has appointed the law firm Fox

89
00:05:28,000 --> 00:05:32,279
Speaker 1: Williams to investigate the allegations, which initially resulted in Tony

90
00:05:32,360 --> 00:05:35,559
Speaker 1: dancers stepping aside as its direct at General last month.

91
00:05:35,920 --> 00:05:39,200
Speaker 1: So those are top stories on the program this morning,

92
00:05:39,920 --> 00:05:41,640
Speaker 1: looking ahead to one of the big events that we're

93
00:05:41,640 --> 00:05:43,240
Speaker 1: watching in the coming days. Of course, you've had the

94
00:05:43,240 --> 00:05:46,200
Speaker 1: confirmation of the dates of President Joe Biden's visit to

95
00:05:46,560 --> 00:05:49,200
Speaker 1: Northern Ireland and to Ireland as well. This of course

96
00:05:49,240 --> 00:05:51,919
Speaker 1: coming as this weekend marks twenty five years since the

97
00:05:51,920 --> 00:05:55,320
Speaker 1: signature of the Good Friday Peace Agreement. This is going

98
00:05:55,360 --> 00:05:58,600
Speaker 1: to be a big week of events in Ireland next

99
00:05:58,640 --> 00:06:01,719
Speaker 1: week and Biden going to start in Northern Ireland. Of course,

100
00:06:01,760 --> 00:06:04,600
Speaker 1: focus there on the political situation they're still no functioning

101
00:06:04,760 --> 00:06:08,560
Speaker 1: parachuting assembly, yes, instorement and then moving on he's going

102
00:06:08,560 --> 00:06:10,440
Speaker 1: to make his big public speech in the west of

103
00:06:10,480 --> 00:06:12,520
Speaker 1: Ireland to the town of Ballina and County Mayo, where

104
00:06:12,520 --> 00:06:14,680
Speaker 1: his ancestors are from. That's where his big public event

105
00:06:14,800 --> 00:06:17,200
Speaker 1: is going to be held, big pump and ceremony. We'll

106
00:06:17,240 --> 00:06:19,520
Speaker 1: be talking a lot about this story both here on

107
00:06:19,600 --> 00:06:22,599
Speaker 1: Daybreak Europe and on our UK Politics show as well.

108
00:06:22,920 --> 00:06:24,640
Speaker 1: We have interviews with the people who were in the

109
00:06:24,720 --> 00:06:27,680
Speaker 1: room twenty five years ago and that peace agreement was signed. Yeah,

110
00:06:27,680 --> 00:06:31,440
Speaker 1: I mean so momentous nineteen ninety eight, and it's amazing

111
00:06:31,480 --> 00:06:34,800
Speaker 1: that we've got people with their reflections on how that

112
00:06:34,880 --> 00:06:37,320
Speaker 1: came about, a sort of feat that nobody thought was

113
00:06:37,560 --> 00:06:41,239
Speaker 1: really possible until it was done. Also, though I thought

114
00:06:41,279 --> 00:06:43,720
Speaker 1: that Joe Biden was going to be addressing the Irish

115
00:06:43,880 --> 00:06:46,040
Speaker 1: Parliament as well, he's going to be speaking to the

116
00:06:46,120 --> 00:06:48,560
Speaker 1: Ireland Dublin as well, the meeting the Joint House of

117
00:06:48,560 --> 00:06:50,320
Speaker 1: the Rafters. They're coming back from their holidays to speak

118
00:06:50,320 --> 00:06:52,919
Speaker 1: to him. Okay, very interesting. Also we hear that the

119
00:06:52,960 --> 00:06:57,400
Speaker 1: former US president Bill Clinton and Hillary Clinton also expected

120
00:06:57,440 --> 00:07:00,680
Speaker 1: to attend events in Northern Ireland this month too, So

121
00:07:01,320 --> 00:07:05,240
Speaker 1: lots of big visits really of global leaders around the world. Yeah,

122
00:07:05,320 --> 00:07:09,479
Speaker 1: certainly we're speaking of leaders of global global leaders traveling

123
00:07:09,680 --> 00:07:12,320
Speaker 1: at to different places. Imanuel Macron from France, the You

124
00:07:12,400 --> 00:07:15,720
Speaker 1: Commission president or Savannderline or meeting China's president. She later

125
00:07:15,760 --> 00:07:17,480
Speaker 1: this is part of a three day trip to China.

126
00:07:17,560 --> 00:07:20,400
Speaker 1: Macron started by saying that Europe can take a more

127
00:07:20,480 --> 00:07:24,240
Speaker 1: moderate role towards Beijing. Let's bring in our Asia government

128
00:07:24,240 --> 00:07:27,400
Speaker 1: Managing editor Daniel Tankate for more and what should we

129
00:07:27,440 --> 00:07:30,480
Speaker 1: be expecting from this meeting of these presidents later on.

130
00:07:32,200 --> 00:07:34,880
Speaker 1: Those are a couple of things we're watching for. The

131
00:07:34,920 --> 00:07:40,480
Speaker 1: biggest is just any sort of progress on Ukraine. Emmanuel

132
00:07:40,560 --> 00:07:43,640
Speaker 1: mccron was in Beijing yesterday. He said he thought China

133
00:07:43,760 --> 00:07:46,920
Speaker 1: could play a major role in helping to bring an

134
00:07:47,000 --> 00:07:50,120
Speaker 1: end to the Council due to its relationship with Russia.

135
00:07:50,360 --> 00:07:53,400
Speaker 1: Now this is significant given that France is a G

136
00:07:53,560 --> 00:07:57,160
Speaker 1: seven member, it's a permanent member of the UN Security Council.

137
00:07:58,160 --> 00:08:03,000
Speaker 1: So the endorsement for Shiji and Ping's really vague blueprint

138
00:08:03,120 --> 00:08:08,440
Speaker 1: on Ukraine does help China immensely there. The other thing

139
00:08:08,440 --> 00:08:10,800
Speaker 1: we're watching is any sort of business deals to come

140
00:08:10,840 --> 00:08:13,000
Speaker 1: out of it. You know, China has been isolated for

141
00:08:13,000 --> 00:08:16,920
Speaker 1: the past couple of years with these strict COVID zero restrictions.

142
00:08:16,920 --> 00:08:21,560
Speaker 1: They've pushed off a lot of businesses now facing increased

143
00:08:21,560 --> 00:08:24,280
Speaker 1: pressure from the US on sanctions and other things. So

144
00:08:24,360 --> 00:08:28,320
Speaker 1: China is keen to get more international business into the country,

145
00:08:28,440 --> 00:08:30,400
Speaker 1: and we'll be watching to see what deals come out

146
00:08:30,400 --> 00:08:33,679
Speaker 1: of this. Okay, that's interesting. So how much of a

147
00:08:33,760 --> 00:08:37,319
Speaker 1: contrast should we expect then with relations with the US,

148
00:08:37,440 --> 00:08:40,440
Speaker 1: which you know, it's hard to measure exactly how high

149
00:08:40,480 --> 00:08:44,920
Speaker 1: the tensions are, but they are ever present. Yeah, I

150
00:08:44,960 --> 00:08:47,920
Speaker 1: think just the fact that McCrone is there, it's someone

151
00:08:48,000 --> 00:08:51,720
Speaker 1: that China views as a person they could do business with,

152
00:08:51,800 --> 00:08:55,840
Speaker 1: almost like Angelo Merkel used to play with Germany, who

153
00:08:56,320 --> 00:08:58,680
Speaker 1: kind of cut more of a middle path in terms

154
00:08:58,720 --> 00:09:04,240
Speaker 1: of relations with China as opposed to the US. Russia's

155
00:09:04,360 --> 00:09:08,280
Speaker 1: invasion of Ukraine, you know, coupled with China's the threats

156
00:09:08,280 --> 00:09:12,600
Speaker 1: towards Taiwan have really kind of pushed Europe closer to

157
00:09:12,640 --> 00:09:15,960
Speaker 1: the US on China policy. McCrone has been a key

158
00:09:16,040 --> 00:09:18,680
Speaker 1: voice in saying, you know, there needs to be a

159
00:09:18,679 --> 00:09:21,040
Speaker 1: middle way. They have to find some ways to bring

160
00:09:21,080 --> 00:09:25,280
Speaker 1: these two big economies together to have a single global

161
00:09:25,360 --> 00:09:29,040
Speaker 1: order rather than two different ones. So in that sense, yes,

162
00:09:29,120 --> 00:09:31,280
Speaker 1: France is still an ally of the US, but they

163
00:09:31,320 --> 00:09:37,000
Speaker 1: also are favoring engagement with China and just a softer

164
00:09:37,120 --> 00:09:41,160
Speaker 1: tone in general than the US has brought with Beijing.

165
00:09:42,240 --> 00:09:45,680
Speaker 1: How much of these importance do these meetings hold within China?

166
00:09:45,679 --> 00:09:47,880
Speaker 1: We're talking about, of course this from an international stage

167
00:09:47,880 --> 00:09:49,880
Speaker 1: point of view, from an international relations point of view,

168
00:09:49,880 --> 00:09:54,240
Speaker 1: but what significance they have with in China, Well, it

169
00:09:54,280 --> 00:09:58,600
Speaker 1: certainly helps Hiju and Ping's efforts to show that he's

170
00:09:58,920 --> 00:10:01,840
Speaker 1: a global states. You know, mcron is just the latest

171
00:10:01,920 --> 00:10:05,200
Speaker 1: visitor to come to Beijing. There's been a series of people,

172
00:10:05,800 --> 00:10:08,400
Speaker 1: you know, particularly after the country was closed, no one

173
00:10:08,480 --> 00:10:12,040
Speaker 1: was coming in there for three years. Now she is

174
00:10:12,080 --> 00:10:16,079
Speaker 1: a regular, steady stream of visitors, McCrone probably being one

175
00:10:16,080 --> 00:10:19,640
Speaker 1: of the most highest profile. You have Brazil's president coming

176
00:10:19,640 --> 00:10:24,400
Speaker 1: in next week as well. So it just helps China

177
00:10:24,720 --> 00:10:27,560
Speaker 1: show that they're engaged with the world, and it prevents

178
00:10:29,000 --> 00:10:31,440
Speaker 1: the US efforts to kind of lump China and Russia

179
00:10:31,480 --> 00:10:35,880
Speaker 1: together and isolate Beijing on the world stage. I also

180
00:10:35,920 --> 00:10:37,920
Speaker 1: want to ask you though about the US House Speaker

181
00:10:38,000 --> 00:10:41,640
Speaker 1: Kevin McCarthy, who is meeting Taiwan's president on US soil.

182
00:10:42,000 --> 00:10:43,760
Speaker 1: You had some of the comments that he made just

183
00:10:43,960 --> 00:10:47,280
Speaker 1: earlier stressing the importance of ties with the island. He's

184
00:10:47,320 --> 00:10:51,040
Speaker 1: also been speaking to Bloomberg. What stood out for you

185
00:10:51,120 --> 00:10:53,920
Speaker 1: for the kind of event, for what is being said

186
00:10:53,920 --> 00:10:58,280
Speaker 1: and what is not being said. I think the key

187
00:10:58,360 --> 00:11:01,839
Speaker 1: thing is where the event took place, which was in California,

188
00:11:01,880 --> 00:11:06,480
Speaker 1: And this is something that sign when basically convinced Speaker

189
00:11:06,520 --> 00:11:09,640
Speaker 1: McCarthy to hold that meeting on US soil rather than

190
00:11:09,720 --> 00:11:13,120
Speaker 1: him going to Taiwan, which would have been relatively much

191
00:11:13,160 --> 00:11:17,640
Speaker 1: more provocative. She's also not had a lot of public meetings.

192
00:11:17,640 --> 00:11:21,240
Speaker 1: She's been relatively low key during the trip. So you know,

193
00:11:21,320 --> 00:11:25,040
Speaker 1: they've met, they've had that meeting, they've it's been unprecedented,

194
00:11:25,440 --> 00:11:28,480
Speaker 1: but they haven't really rubbed it in China's face in

195
00:11:28,520 --> 00:11:30,520
Speaker 1: a way that they could have, and that matters a

196
00:11:30,520 --> 00:11:34,160
Speaker 1: lot for Beijing's reaction to these things. So what we've

197
00:11:34,160 --> 00:11:37,600
Speaker 1: seen from China so far has been very tepid. You've

198
00:11:37,600 --> 00:11:40,560
Speaker 1: had the usual statements declaring Taiwan a red line, but

199
00:11:40,760 --> 00:11:43,280
Speaker 1: not really the military response that we saw in the

200
00:11:43,280 --> 00:11:49,160
Speaker 1: immediate aftermath of Nancy Pelosi arriving in Taiwan last year. Okay,

201
00:11:49,600 --> 00:11:52,040
Speaker 1: thank you very much, our Asia Government Managing Editor Daniel

202
00:11:52,080 --> 00:11:53,640
Speaker 1: tan Kate for bringing us up today with all of

203
00:11:53,640 --> 00:11:56,560
Speaker 1: the various strands of those stories we are monitoring this

204
00:11:56,640 --> 00:12:01,760
Speaker 1: morning on this issue. Up next, Britain's latest border wos

205
00:12:01,760 --> 00:12:08,120
Speaker 1: and a Tory MP and his failed roll of the dice. Now,

206
00:12:08,320 --> 00:12:11,760
Speaker 1: the paper review on Blue Birthday break Europe. The news

207
00:12:11,840 --> 00:12:16,000
Speaker 1: you need to know from today's papers. Bloombergsley and Garons

208
00:12:16,080 --> 00:12:18,960
Speaker 1: is with us for details on those stories. Lean Let's

209
00:12:18,960 --> 00:12:21,600
Speaker 1: start with the Financial Times. The headline their UK government

210
00:12:21,600 --> 00:12:25,640
Speaker 1: publishes plans for post Brexit checks. They might be late, Stephen,

211
00:12:25,920 --> 00:12:29,240
Speaker 1: but they're here apparently. So. The introduction of new rules

212
00:12:29,280 --> 00:12:33,520
Speaker 1: have been repeatedly delayed since Britain withdrew from the block

213
00:12:33,600 --> 00:12:37,720
Speaker 1: back in January twenty twenty, so three and a half

214
00:12:37,840 --> 00:12:41,280
Speaker 1: years ago. But now, according to the FT, this was

215
00:12:41,400 --> 00:12:45,840
Speaker 1: due to concerns by ministers that controls could really create

216
00:12:46,080 --> 00:12:50,959
Speaker 1: unacceptable delays at Channel ports and other entry points. So

217
00:12:51,040 --> 00:12:54,960
Speaker 1: this has been a massive concern. But the government's proposals

218
00:12:55,120 --> 00:12:59,880
Speaker 1: introduced and yesterday really put on the table say full

219
00:13:00,080 --> 00:13:03,920
Speaker 1: customs checks on goods entering Britain from the EU by

220
00:13:04,000 --> 00:13:07,680
Speaker 1: the end of October twenty twenty, so that is when

221
00:13:07,720 --> 00:13:12,439
Speaker 1: they want to introduce these proposals twenty four what did

222
00:13:12,440 --> 00:13:17,280
Speaker 1: I say, Sorry, Dotter, next year, let's put it that way. Sorry. Now.

223
00:13:17,559 --> 00:13:21,720
Speaker 1: Interestingly enough, the plans include carrying out checks away from ports,

224
00:13:21,800 --> 00:13:25,400
Speaker 1: and this is to avoid just mass disruption that could

225
00:13:25,400 --> 00:13:28,760
Speaker 1: be caused, and the launch of a pilot trusted Trader

226
00:13:28,800 --> 00:13:34,600
Speaker 1: scheme to simplify processes and also allow regular importers to

227
00:13:34,640 --> 00:13:38,600
Speaker 1: avoid full customs inspections. So this is what has been

228
00:13:38,640 --> 00:13:43,200
Speaker 1: put on the table for ministers really concerned about, you know,

229
00:13:43,240 --> 00:13:46,840
Speaker 1: the backlog that could be created. And they also propose

230
00:13:46,880 --> 00:13:49,520
Speaker 1: that goods are ranked according to their level of risk

231
00:13:49,679 --> 00:13:53,720
Speaker 1: to human, animal or plant health. And the plans will

232
00:13:53,760 --> 00:13:58,440
Speaker 1: be subjected to a six week consultation period before actually

233
00:13:58,640 --> 00:14:04,600
Speaker 1: being finalized. But Caroline, more post brexit border checks really

234
00:14:04,679 --> 00:14:07,480
Speaker 1: on the table. Yeah, I mean this is so complex

235
00:14:07,520 --> 00:14:10,040
Speaker 1: and difficult. I mean the ones of the governors postponed it.

236
00:14:10,840 --> 00:14:12,920
Speaker 1: And yeah, of course the difficulties are going to come.

237
00:14:13,080 --> 00:14:15,840
Speaker 1: Sure border force are going to be have to have

238
00:14:16,040 --> 00:14:19,200
Speaker 1: much more money in order to deal with all of this. Surely. Anyway,

239
00:14:19,280 --> 00:14:22,640
Speaker 1: that aside, reflections aside, let's talk a bit about the Times.

240
00:14:23,160 --> 00:14:28,280
Speaker 1: So an other Times exposer exposed says how Tory MP

241
00:14:28,600 --> 00:14:32,400
Speaker 1: offered to lobby for gambling investors. Just let's get into

242
00:14:32,440 --> 00:14:37,280
Speaker 1: this one. Yes, so a Conservative MP filmed apparently offering

243
00:14:37,720 --> 00:14:41,600
Speaker 1: to lobby ministers on behalf of the gambling industry and

244
00:14:41,680 --> 00:14:44,800
Speaker 1: this is awful money. Now he has had the party

245
00:14:44,920 --> 00:14:49,640
Speaker 1: whip suspended. The MP is Scott Benton, who told undercover

246
00:14:49,760 --> 00:14:54,680
Speaker 1: journalists from the Times posing as investors that he would

247
00:14:54,720 --> 00:15:00,320
Speaker 1: ask parliamentary questions, although he eventually it's important to our line.

248
00:15:00,360 --> 00:15:04,760
Speaker 1: This didn't accept any cash, so he felt like something

249
00:15:04,840 --> 00:15:07,560
Speaker 1: was wrong and he didn't go any further. But he

250
00:15:07,600 --> 00:15:11,440
Speaker 1: was secretly filmed telling reporters from the Times about how

251
00:15:11,480 --> 00:15:15,040
Speaker 1: he can access ministers and get a leaked copy of

252
00:15:15,120 --> 00:15:19,720
Speaker 1: the white Paper on gambling reforms to the company forty

253
00:15:19,800 --> 00:15:23,680
Speaker 1: eight hours before it went public. Now we know this

254
00:15:23,720 --> 00:15:28,160
Speaker 1: white paper could possibly be released after Easter and it's

255
00:15:28,200 --> 00:15:33,040
Speaker 1: got these new reforms in from the gambling industry. The

256
00:15:33,080 --> 00:15:37,000
Speaker 1: gambling industry is absolutely exploded in Britain, particularly during the pandemic.

257
00:15:37,000 --> 00:15:38,840
Speaker 1: I think if anyone was in any doubt about how

258
00:15:38,840 --> 00:15:41,760
Speaker 1: important the reform paper is going to be, you know,

259
00:15:41,960 --> 00:15:45,120
Speaker 1: I think this and also Caroline another thing. Betting companies

260
00:15:45,120 --> 00:15:49,320
Speaker 1: have launched an extensive lobbing campaign in Westminster, spending more

261
00:15:49,360 --> 00:15:53,120
Speaker 1: than one hundred and eighty thousand pounds on corporate hospitality

262
00:15:53,480 --> 00:15:57,280
Speaker 1: for dozens of MPs since twenty twenty one, and mid

263
00:15:57,360 --> 00:16:00,480
Speaker 1: moves to you know, really tightened regular eight and when

264
00:16:00,520 --> 00:16:04,480
Speaker 1: it comes to gaming, gambling and betting, because as you say,

265
00:16:04,600 --> 00:16:07,720
Speaker 1: things have become explosive here in the UK. It's really

266
00:16:07,760 --> 00:16:12,240
Speaker 1: exploded also online due to the pandemic. But as Benton

267
00:16:12,360 --> 00:16:16,480
Speaker 1: does say, he contacted the Parliamentary Commissioner for Standards over

268
00:16:16,560 --> 00:16:20,160
Speaker 1: concerns and he has been asked to break parliamentary walls

269
00:16:20,360 --> 00:16:24,680
Speaker 1: and then went no further with the discussions. This is

270
00:16:24,720 --> 00:16:28,000
Speaker 1: Bloomberg Daybreak Europe. You're morning brief on the stories making

271
00:16:28,000 --> 00:16:30,840
Speaker 1: news from London to Wall Street and beyond. Look for

272
00:16:30,960 --> 00:16:34,520
Speaker 1: us on your podcast feed every morning on Apple, Spotify

273
00:16:34,600 --> 00:16:37,120
Speaker 1: and anywhere else you get your podcasts. You can also

274
00:16:37,160 --> 00:16:40,280
Speaker 1: listen live each morning on London DAB Radio, the Bloomberg

275
00:16:40,320 --> 00:16:43,560
Speaker 1: Business app, and Bloomberg dot Com. Our flagship New York

276
00:16:43,600 --> 00:16:47,120
Speaker 1: station is also available on your Amazon Alexa devices. Just

277
00:16:47,240 --> 00:16:51,400
Speaker 1: say Alexa play Bloomberg eleven thirty. I'm Caroline Hitka and

278
00:16:51,440 --> 00:16:54,080
Speaker 1: I'm Stephen Carroll. Join us again tomorrow morning for all

279
00:16:54,120 --> 00:16:56,520
Speaker 1: the news you need to start your day right here

280
00:16:56,560 --> 00:17:04,760
Speaker 1: on Bloomberg Daybreak Europe.