Very latest. Israel is carrying oUt a major Military Operation in the occUpied West Bank. Reports say 11 palestinians are dead. Donald trUmp accUses the Us Department OfjUstice of trying to resUrrect a dead Witch HUnt after it filed Charges HUnt after it filed revised charges against him. Spacex says bad weather has postponed their mission after technical issUes early in the week. In the Paralympic Games begin in paris today, with the Opening Ceremony taking place across the city later. Hello. Welcome. Sir Keir Starmer is visiting berlin, where hes expected to say the Uk has a once in a Generation OpportUnity to reset its relationship with eUrope. The british Prime Minister will be holding talks with the german chancellor, Olaf Scholz. As prime in order to really talk to the eU in a broader sense. Is we have in order to really talk to the eU in a broader sense. Is the have in order to really talk to the eU in a broader sense. Is the first meeting, bUt this is the first official Visit V
Access for Uk Businesses to the german market given that germany is a member of the eu Single Market . I think there are things they can do. There are issues within the competence of national governments to do with the users, length of stay, for instance, where things can be negotiated. But you are right, overall in terms of the big barriers to access to the european market, including the german market, that will require negotiation with the European Union. So there are certain things they can do on the economic side with the Germans Today but The Big Picture is a European Picture and that Trade Agreement that Boris Johnson signed with the European Union back in 2020. In johnson signed with the European Union back in 2020. Johnson signed with the European Union back in 2020. In terms of that Conversation Union back in 2020. In terms of that conversation with Union Back in 2020. In terms of that conversation with the Union Back in 2020. In terms of that conversation with the European Co
I think both sides have ruled out that this is talking about the uk rejoining the eu in any way, shape orform, or even the customs union, for that matter. But what this is about is some quite concrete bilateral talks. This is the fifth meeting, but this is the first official visit of the Prime Minister to berlin. And its just two months after he was elected as Prime Minister. Now, for his predecessor, rishi sunak, it took 18 months. And i thinkjust that alone is a signal of what london wants to achieve. Its, on the one hand, its a strong signal that the uk is now open for business with germany and, you know, is very serious about pushing forward some quite concrete bilateral agreements, particularly on defence, because i think Thats Something that the two countries are keen on working together on. What they cant really do much is when it comes to trade, because thats within the. Thats within the responsibilities of the eu. But what. I think when it comes to closer cooperation between t
The competence of national governments to do with visas, length of stay, for instance, where certain things can be negotiated. But you are right, overall in terms of the big barriers to access to the european market, including the german market, that will require a negotiation with the European Union. So there are certain things they can do on the economic side with the Germans Today but The Big Picture is a European Picture and that Trade Agreement that borisjohnson signed with the European Union back in 2020. In terms of that conversation with the European Union, is that what the Labour Government want to do, or is this just a softly softly approach and just a realignment of what was a rather turbulent relationship when the conservatives were in power . To be honest, i dont know any more than you do about what they intend to do. Its clear they want to improve bilateral levers with key european statesmen. Today in germany with olaf scholz. Keir starmer will be visiting Emmanuel Macron
So that is pretty evenly split, actually. Theres certainly quite a lot of recognition that Central Banks need to think about new toolkits. We are going to go to some questions now, but if you want. O use the platform to submit i think larry gave an excellent description of what the core problem is that the developed world faces, that there is a glut of saving and a , and it of investment really means that we have to have fiscal policy, structural policy, and things other than. Ust relying on Central Banks i think Central Banks need to do what can come about they can. Adopting a system called flexible average inflation targeting, i think this is an appropriate change. Somewhat improve the scope of Monetary Policy to show that shortterm Interest Rates are often constrained by the effect of lower bound. I think it is helpful in preventing a cycle of falling inflation feeding falling inflation expectations, but i strongly believe Central Banks need to be independent and need to do everythi