Its a big day for brexit rumours of an election swirl and Opposition Mps set to outline a bill aimed at blocking a no deal exit. Meanwhile scotlands highest court is set to hear arguments on whether Prime Minister Boris Johnsons move to suspend Parliament Next Week is legal. But with with less than two months to go til britains scheduled exit from the eu, how prepared is business . The uk is due to leave the eu on the 31st of october regardless of whether an exit deal has been agreed. Over the past six months the pound has fallen against the us dollar as investors see the chances of a no deal exit rise. So far the uk government has put aside more than 7 billion to prepare for a no deal scenario for extra border staff, stockpiling medicine and ad campaigns. Eu countries have also been investing heavily hiring thousands of new border officials. Around 1000 in france, its a similar story in ireland and the netherlands. Our Business Editor simon jack visited a food fair in london to test the mood of Small Businesses. The uk and the eu s deep trading relationship was on display today at this food fair in london. Uk firms are being urged to prepare themselves for a no deal brexit is themselves for a no deal brexit is the most expensive government Advertising Campaign in history was launched this week. And all the newspapers today, new campaign, theres been £100 million on this, telling you to get ready for brexit. We not ready and the rest of europe is not ready, we are trying to exported to europe and none of the european distributors will touch us until prasad gone through or not there was a difficult time for us at there was a difficult time for us at the moment. We want some clarity. Importing, we gotta think like hows it going to infect us pricewise, hows it going to affect us down the line, there is uncertainty. We are prepared, in terms of where we are prepared, in terms of where we are in the stage of our business, as i say, is a small start up. Are in the stage of our business, as i say, is a small startup. So for now, brexit ready, yes . Is it ready, now, brexit ready, yes . Is it ready, yes. Now, brexit ready, yes . Is it ready, yes. Bring it on. Its good to get the opinions of Small Business leaders, let me introduce. Tej parikh, chief economist at the institute of directors. What are your members tell you . Last timei what are your members tell you . Last time i checked early on in the summer time i checked early on in the summer around 15 of our members say they were very prepared. For a no deal brexit. Only 5096 . Only 1596. Around two thirds said they have more to do. This is largely because a lot of them are awaiting to see exactly what the nature of brexit is, obviously they are looking at guidance from the government and the government so far are pushing towards some a deal. A lot of them are dont want to do an act pensive contingency plans. Especially for small and medium sized companies, they dont want to spend the money on preparing or getting committees 01 on preparing or getting committees or training or whateverfor on preparing or getting committees or training or whatever for every single scenario, its tricky, isnt it . Absolutely. There has been little appreciation for the conditions that they are facing. Above and beyond brexit in the vespers was up sma being small and medium enterprises. They have elevated cost at the moment, most of them had not been able to invest in them had not been able to invest in the last five or six years, they have a very difficult business conditions, before we look at the tough trading conditions that they face. And this makes decisions around making contingency plans particular difficult for them because they have very tight margins stop also as well, for the bigger, Bigger Companies like the ones that are already trading globally anyway and theyre are already trading globally anyway and they re dealing are already trading globally anyway and theyre dealing with lots of different systems. Some trading might be with wto rules, some might be free between the European Union and within europe, et cetera, but some Small Businesses thatjust trade with europe, they got together had around a lot, havent they . Trade with europe, they got together had around a lot, havent they7m is not just therapy and trade issues, at the moment, as well, theres wider challenges around the world. We were speaking earlier around the us china trade well, and theissues around the us china trade well, and the issues in the asian market. There facing challenges notjust from the european markets but wider Global Implications as well. So at the institute of directors, you concerned about the fallout from say, no deal scenario because of what you are learning about how prepared businesses are . What we really be looking for then pressing the government on is trying to get bespoke advice to smes, so they would be aware of the general things they need to do in terms of looking into mapping the supply change for example, but what we are really i got were really hearing is up and legal imprecations from my Business Model that is just needed to track businesses need access to the spoke advice was not we have been pushing the government to get some sort of scheme that allows smes to access professional advice on that. Thank you for coming in, i appreciate your views. More on brexit in a news briefing. Turmoil continues in hong kong the government has not ruled out calling a state of emergency across the territory, while chinas state news agency warned that the end is coming for the protesters. The strike has been ongoing in hong kong. Yesterday and today. Lets go to our Asia Business hub to rico hizon. Lovely to see you. It is happening in hong kong today . Well, sally, we have had 1a successive weeks of protest a nd have had 1a successive weeks of protest and beijings patients is indeed running out. A Chinese Foreign Ministry Spokesman said that the demonstrations had complete the exceeded the scope of freedom of assembly and its evolved into extreme and valid actions. The statement comes amid an astonishing audio recording with hong kong sheet executive, carrie lam, telling a group of Business People last week that she would quit if she could. Having herself that a maiming herself for igniting the con that. Ina herself for igniting the con that. In a press conference, she said it was totally u na cce pta ble in a press conference, she said it was totally unacceptable that her remarks made in private had been recorded and passed on to the media. She says she never offered to resign to the Chinese Government was not the chief executive did not know that distract you did not dispute the recording which has seen months of Anti Government protests, with many calling for her to step down. This is barred by changes to a law that would allow a tradition to men than china. But have since widened to include calls for other demands. Thank you so much with that, good to see you as well. The trade war between australias two largest trading partners drakeing the economic outlook. Theres already a downturn in housing building darkening. And business investment. But the one of the biggest drags is weak consumer spending. From sydney, phil mercer reports. The australian economy is in need of retail therapy. Sluggish growth is at levels not seen for a decade. Wages are stagnant and many consumers are choosing to save any extra income rather than spend it at the shops. Small businesses say that lack of confidence in the economy is eating away at their bottom line. |j think the last two or three years, we have seen quite a big change in consumer spending. And we have seen quite a big shift in the market the last couple of years. Things are clearly getting tougher and tougher. Any australians werent born in the economy was lost in recession. In the early 1990s. Bob hawke was the Prime Minister in the apocalypse movie, terminator two was the Box Office Hit of the year. Australia could be facing a Judgement Day of its own with fears that its record run of 28 years without a recession is at risk. Theyre coming into such an unprecedented run of good economy, good Economic Growth and stability, i dont know thats going to last longer. People are using any extra money to put money into their mortgage anyway. 0ther extra money to put money into their mortgage anyway. Other than that, in terms of spending their money, in retail, or anything like that, its not happening. Mammoth exports of coal and strong Government Spending are helping to prop up australias gdp. Some academics dont think the economy is heading for a hard landing. But there are potential hazards ahead. I think the first one the present time is trade for, naturally, which is going to affect the Global Economy and australia cannot escape from, if you like, down potential, potential downturn. Australia has weathered Global Financial shocks before but its resilience is being tested once again. Now lets brief you on some other business stories. Saudi arabia has replaced its Energy Minister as chairman of saudi aramco, with the head of the countrys Sovereign Wealth Fund yasir al rumayyan. It comes ahead of aramcos planned stock market listing expected to be the worlds biggest ipo which could value the oil giant as high as 2 trillion. Rupert murdochs fox empire is taking a bet in the us launching sports gambling platform fox bet. The sector has predicted revenues of 9 billion over the next few years. Media firms, from disney to warner media, are mulling the us betting sector, but are wary over fears they could damage their brand. That is todays business briefing. We will be looking at what global media is discussing a just a moment. But first, this story. A man has pleaded guilty to the manslaughter of a 3. 5 year old boy who was crushed behind a car seat in february last year. Stephen waterson, who is 26, had denied any involvement in the death of alfie lamb at an earlier trial in which the jury was unable to reach a verdict. 0ur correspondent Richard Lister has more. Describing in court as the loveliest child you could ever meet. His mother had taken him from one chaotic home to another. His father figure was an anger controlling man with a history of violence. These are the last images of alfie, struggling to keep up with waterson and hall shopping trip. Two adults and hall shopping trip. Two adults and another child who lived in waterson s flat, there seemed almost oblivious to alfie and hes about to be placed in the rearfoot of waterson s overloaded car between her feet for the drive home. By between her feet for the drive home. By the time they wrap the flat, it was clear something was very wrong. During the journey, was clear something was very wrong. During thejourney, stephen was clear something was very wrong. During the journey, Stephen Waterson had become annoyed with alfie crying and wished his seat back against him. And therefore the little boy out of the foot well, alfie wasnt breathing. Stephen waterson rang for an hour billions but pretended to be an hour billions but pretended to be a passerby. Giving evidence in february, alfie s mother said he had cried mummy when waterson moved his seat back but she said what dozen responded that he wasnt being told what to do by a three year old. Thejury were told what to do by a three year old. The jury were unable to reach a verdict to waterson in that trial, and they found the mother guilty of child call to. As the retrials you to get under way this afternoon, waterson finally he was guilty of alfie s manslaughter. The happy, healthy little boy rushed behind a car seat. Crushed. This is the briefing from bbc news. The latest headlines borisjohnson is facing a showdown with mps opposed to a no deal brexit. A snap general election could be held as early as mid 0ctober. Hurricane dorian has claimed at least five lives in the bahamas with 13,000 homes destroyed or damaged. Officials have warned relatives to prepare for the worst after a diving boat caught fire and sank off the california coast. There were 35 people on board 8 bodies have been found. You can imagine what is dominating the media in the uk. We will have a look at that and other stories as well. We begin with the guardian and uk Prime Minister borisjohnson who has issued a brexit ultimatum to rebel mps that a snap general election could happen if they push ahead with new legislation to block a no deal. Meanwhile, according to the times, labour leader Jeremy Corbyn proclaimed himself delighted last night at the prospect of a general election, despite warnings from his party not to back borisjohnsons proposed date for a snap poll. And the daily mail takes paws from the never ending brexit drama turning their attention to no 10s new furry four legged inhabitant, dilyn. Mrjohnsons girlfriend Carrie Symonds brought home the 15 week old rescue puppy who was abandoned for having a misaligned jaw. On to Business News in the telegraph which looks at how trade war tariffs and no deal brexit fears have prompted warnings that Global Manufacturing is heading for recession. Also in the mail, a new cholesterol injection given twice a year could become an alternative to statins for millions. Instead of a daily pill, patients would now only need an injection every 6 months. And finally in the sun, facebook may change its likes feature amid fears it inspires an online popularity contest. The button itself will not be removed however the number of likes other peoples posts receive will be kept secret. So lets begin. With me is dr stephanie hare whos an independent analyst. Johnsons
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