Lets start with italy, which will begin to ease its covid Restrictions Today as infections in the Country Fall and its Vaccination Effort accelerates. So far 16 Million italians have received the first dose and nearly Five Million are fully vaccinated. Prime minister Mario Draghi is also set to announce his plans to parliament to spend 220 Billion Euro to restore the countrys battered economy. Itll Cover Everything from high Speed Rail links to the digitisation of the public administration. Italys economy is desperate for a boost. In october last year, the countrys public debt hit a massive 2. 6 trillion euro. Its a familiar tale, isnt it . Im joined by Lorenzo Codogno, formerly Chief Economist to the treasury in italy, now founder and Chief Economist of Lorenzo Codogno advisors. First of all, italy is easing restrictions an important Step Forward . Restrictions an important Step Forward . Step forward . Yes, i think Mario Draghi Step Forward . Yes, i think Mario Draghi has Step Forward . Yes, i think Mario Draghi has said Step Forward . Yes, i think Mario Draghi has said itsl Step Forward . Yes, i think| Mario Draghi has said its a calculator, managed risk so to speak. It is basically easing, opening up the economy, in a situation in which contagion is still on, but the situation is improving at the same time, so its a risk that the country can actually bear. Can actually bear. Talk is through can actually bear. Talk is through this can actually bear. Talk is through this ambitious i can actually bear. Talk is i through this ambitious plan can actually bear. Talk is through this ambitious plan he has for the italian economy, costing a cool 220 Billion Euros. Your thoughts on this. Well, its massive, and it is partly financed by european money, eitherthrough partly financed by european money, either through grants or through loans. There is a Top Up through loans. There is a Top Up with nationalfunds. If through loans. There is a Top Up with national funds. If you think about the overall plan, its really something unprecedented. So i think its a big chance for the country to relaunch the economy on a sustainable basis going forward. Having said that, clearly the task is daunting for anyone, and it will be difficult to enhance the growth on a sustainable basis, given that Italys Problems are deeply entrenched in society, and notjust the economy. So i think its a chance but its still a difficult task. figs think its a chance but its still a difficult task. As You Sa , it still a difficult task. As You Say. It is still a difficult task. As You Say, it is complicated. Still a difficult task. As you l say, it is complicated. Italys problems are deeply entrenched across politics, society, the business community. Will Mario Draghi be able to pull this off . Because often the problem is the political instability that prevents long Term Reform and Restructuring And Change thatis and Restructuring And Change that is much Needed. That is much Needed. Yes, i Think Draghi that is much Needed. Yes, i Think Draghi is that is much Needed. Yes, i Think Draghi is the that is much Needed. Yes, i Think Draghi is the best that is much Needed. Yes, i Think Draghi is the best you | Think Draghi is the best you can hope forfor the Think Draghi is the best you can hope for for the country, and Notjust Draghi the whole Government Team is the best you can hope for. But the problem is it has a shelflife of two years, because the spring of 2023, italy will have general elections, so it wont last beyond the two year period, which is problematic because many reforms in italy need time to pass through parliament, but also then you need secondary legislation, regulations and then to monitor implementation, and that takes time effectively. So the big problem of this massive plan is that it wont be draghi who deals with that in the future. Just briefly. That in the future. Just briefly, lorenzo, that in the future. Just briefly, lorenzo, the l that in the future. Just i briefly, lorenzo, the cost that in the future. Just briefly, lorenzo, the cost of all of this. You mentioned the costis all of this. You mentioned the cost is coming from The Eu, its rescue fund. How will it be paid back eventually, and what will it cost italy in the Long Term . It will it cost italy in the longterm . Will it cost italy in the ionaterm . ,. , longterm . It will be paid throu~h longterm . It will be paid through either longterm . It will be paid through either contributions by the national government to the European Budget or through Eu Taxation that is, for all countries, and it will be reimbursed over a long period of time. I think contrary to the task italy can probably rely for a reasonably long period of low interest rates, which would facilitate, really, the current situation. On top of that, i think the plan is actually designed in such a way that the citizens will see the effect of the money. The money is spent on public administration for digitalisation and the public administration for transport things you can really see and that should facilitate the introduction of major structural reforms, because thatis structural reforms, because that is really the key for the country to improve its Long Term outlook. Mil country to improve its longterm outlook. All right, thanks, lorenzo, longterm outlook. All right, thanks, lorenzo, forgetting l longterm outlook. All right, l thanks, lorenzo, forgetting up so early. A long delayed Travel Bubble between Hong Kong and singapore will begin on 26th Of May as they move to re establish overseas travel links between the two business hubs. Sharanjit leyl is in our Asia Business Hub of singapore. Iam assuming i am assuming you are excited to hear about this. Well, yes. Just about everyone in the office and elsewhere they are asking, will it happen or wont it . Many have been trapped here in singapore. We are all holding our breath. None of us can travel without a strictly enforced two week quarantine period, but at long last it looks like this Travel Bubble between Hong Kong and Singapore Will Begin On May the 26th, the two cities essentially having just announced this in the last hour, moving to re establish these crucial overseas travel links between the two financial hubs after it was delayed about six months ago following a spike in coronavirus cases in Hong Kong. Singapores ministry of transport, though, urges caution, saying the Travel Bubble will have to be carefully managed, with just one Fly Today in each direction, capped at about 200 passengers on each flight for the first two weeks, which will be reviewed after that. Rules for travel will also be tightened, so amongst things travellers will need to do our standard test to check the Covid I9 infections, predeparture and on arrival. They will also need to download and install each citys respective Contact Tracing Apps prior to leaving. But before anyone gets too excited, experts have said that these Travel Bubble arrangements are really fragile. They can easily burst, given the uncertain Covid I9 situation. You just saw australia and New Zealand this month starting their long awaited quarantine free Travel Bubble on april the 18th, but it was paused just a few days later after a covid 19 outbreak in australia. So we are waiting with baited breath, but its not so certain just yet. No time to book tickets just yet. Thanks, we will see you tomorrow, no doubt. Lets get some of the days other news. The former Chief Executive of the Post Office, paula vennells, is to quit her role on the board of the Retailer Dunelm following the It Scandal which led to the wrongful convictions of former postmasters. On friday, 39 former Post Office workers saw their criminal convictions overturned by the court of appeal. Much more detail on that story in our website. Turkeys lira edged lower in early trading on monday, edging closer to all time low. The currency has lost 3. 5 in the last three trading days after president Joe Biden said the us would officially recognise the 1915 massacres of armenians in the Ottoman Empire as a genocide. When it comes to getting a good start in life, its long been known that having rich parents helps. But now, according to the institute of fiscal studies, this matters more as peoples incomes and living standards in the uk are increasingly determined by what they receive from their parents. Their report found those born in the 1980s are forecast to enjoy average inheritances, almost twice as large as for people born 20 years earlier. Well, lets Hearfrom One of the authors of this report, david sturrock, senior Research Economist at the ifs. Just give us a bit more detail about yourfindings, just give us a bit more detail about your findings, because of course weve been reporting for years and years that the bank of Mum And Dad is key now for younger generations. Younger generations. What we found is that younger generations. What we found is that that younger generations. What we found is that that trend younger generations. What we found is that that trend of found is that that trend of growing importance of inherited wealth looks set to continue for decades into the future. What we see is that older generations are holding more and more wealth. Theyve seen rising House Prices. They generally been wealthier throughout their lives. And thats going to be passed on to younger generations who, as You Said, have not been seeing much Income Growth in recent decades. So while those inheritances are getting larger, the other incomes of younger generations are not. What that means is that inheritances become more important, and that means increasingly peoples living standards and what they can afford are going to be more and more tied to the wealth of their parents rather than the income that they themselves earn. � ,. , income that they themselves earn. �. , income that they themselves earn. ~. ,. ,. , earn. Also i would imagine many watchin earn. Also i would imagine many watching right earn. Also i would imagine many watching right now earn. Also i would imagine many watching right now will earn. Also i would imagine many watching right now will say, watching right now will say, actually my children would inherit more if i didnt put that big deposit down for them so they could get on the Housing Ladder or i didnt pay off their Student Loan or whatever, whatever. I mean, the costs for young People Today are that much greater than, say, those born in the 1980s the ones that You Say will inherit more. Inherit more. There is certainly inherit more. There is certainly a inherit more. There is certainly a range inherit more. There is certainly a range of. Inherit more. There is certainly a range of factors that make it difficult for young people. One of the interesting things we found is that as people live longer, it looks like these inheritances passed down at The End of life will be coming later in younger peoples lives. That does of course raise the question, given what youve said maybe people will start to pass on that wealth a bit earlier in life, ratherthan that wealth a bit earlier in life, rather than leaving it until the time when they can give an inheritance, which might be arriving, we estimate, in peoples early 60s, perhaps, when they are just about ready to retire. So for the reasons you point out, there might be a further Change Notjust in the size but perhaps in the timing of the giving of wealth between generations too. Is of the giving of wealth between generations too. Generations too. Is the pandemic generations too. Is the pandemic likely generations too. Is the pandemic likely to generations too. Is the L Pandemic likely to make generations too. Is the pandemic likely to make this even more acute, this situation you found in your report . I think that in many ways the pandemic does reinforce some of the trends that weve seen. We see that of course the earnings of people in work have taken a hit. Thats been particularly important for younger people. At the same time, House Prices have continued to rise, perhaps surprisingly, wealth has grown more strongly than many people predicted, and so yes, it does seem that in the immediate term the pandemic is reinforcing, certainly not stopping, many of these trends that we are seeing. These trends that we are seeina. ,. , seeing. Interesting really interesting. Seeing. Interesting really interesting. Thank seeing. Interesting really interesting. Thank you seeing. Interesting really interesting. Thank you for l interesting. Thank you for sharing that with us this stay with us on bbc news. Still to come a change of scenery. We take a look at australians swapping big cities for smaller towns, but some of the locals are not too happy about the migration. Nothing, it seemed, was too big to withstand the force of the tornado. The extent of the devastation will lead to renewed calls for Government Help to build better housing. Internationally, there have already been protests. Sweden says it received no warning of the accident. Indeed, the russians at first denied anything had gone wrong. Only when Radioactivity Levels began to increase outside russia were they forced to admit the accident. For the mujahideen, the mood here is of great celebration. This is The End of a 12 year warfor them. They have taken the capital that they have been Fighting Forfor so long. It was 7 oclock in the morning when power began to pass from the minority to the majority, when africa, after 300 years, reclaimed its last white colony. This is bbc world news. The latest Headlines Nomadland is the nights big winner at the Academy Awards securing the Best Picture and best director oscars, while Frances Mcdormand wins Best Actress for the same film. India sets a global record for a rise in daily coronavirus cases and deaths for a fifth straight day as the international community sends urgent medical aid. The uk and australia say they have agreed the vast majority of a free trade deal. June is the deadline set to seal a Deal Following talks in london on friday. It is estimated this Trade Agreement could add 500 Million to the Uk Economy annually over the Long Term. Promises, promises Simon French is Chief Economist at panmure gordon. Good morning to you, simon. Tell us more about this deal. Is it as good as it sounds . Good morning, sally. In the context of a global Trading Relationship with about £600 billion for the uk, i think £500 Million added to gdp is not hugely material but i think it is more the significance of the first big what we would describe as a third country Trading Relationship, the uk has broken since it left The European union. And what were really going to see over the next of months, you mention this print untiljune, is what kind of compromises both sides have made because International Trade is very much a 3 dimensional chess, when you change your quotas, your regulatory standards with one country that changes the relationships you can broker with other Trading Partners like The Eu and us. find with other Trading Partners like The Eu and us. Like The Eu and us. And of course it like The Eu and us. And of course it depends like The Eu and us. And of course it depends on like The Eu and us. And of| course it depends on basics like whether the rules are similar in different countries when it comes to things, you know, like wiring in plugs and i know it sounds ridiculous but it comes down to that, doesnt it, as to how successful these Trade Agreements are and how quickly they can nail them down . ,. ,. , quickly they can nailthem down . ,. ,. ,. , down . You are right to go back to the first down . You are right to go back to the first principles down . You are right to go back to the first principles of to the first principles of trade and why they trade, to try and reduce the barriers where one country has an advantage. If they can align their standards and we use examples of a plug but there are other services where professional standards, where you can agree a common standard it reduces frictions and cost to consumers and everybody benefits. So big gains to be had, if things are equally distributed across all sectors and or businesses but in aggregate economies could benefit if this agreement, when it is announced injune, could see some of those alignments brought closer together so we have less than three Pin Plugs and two Pin Plugs and we agree on whatever that will be in the parlance of International Trade. ,. , trade. Encouraging, simon. Thank yon well, lets stay down under. Lockdowns in australia have prompted many to reassess how and where they live. For some, that has meant swapping big cities for less crowded towns, which has created a Mini Boom in some parts of the country. But not everyone is happy about it. Shaimaa khalil went to Queenslands Sunshine Coast to find out more. This Country Love to spend time on the beach. This is their happy place and now, they live just a few minutes away. After moving from Suburban Sydney to the Sunshine Coast in queensland. The Sunshine Coast in queensland. , � , queensland. The lifestyle, its warm and queensland. The lifestyle, its warm and its queensland. The lifestyle, its warm and its comfortable. Queensland. The lifestyle, itsl warm and its comfortable. And your air conditioned works better because you really need it. ,. Better because you really need it. ,. , it. Their days here much more relaxed than it. Their days here much more relaxed than in it. Their days here much more relaxed than in the it. Their days here much more relaxed than in the big it. Their days here much more relaxed than in the big city. I relaxed than in the big city. It is all possible now that henry is working home full time. A major change in his Employers Mindset because of covid 19. Aha, his Employers Mindset because of covid19 of covid19. A lot of companies realise it is of covid19. A lot of companies realise it is not of covid19. A lot of companies realise it is not the of covid19. A lot of companies realise it is not The End of covid19. A lot of companies realise it is not The End of i realise it is not The End of the world, letting people work from home. People actually get work done. Covid 19 opened up a door that allowed me to work from anywhere, not necessarily where you have to live but where you have to live but where you have to live but where you want to live. For chloe and her brother, The Switch means a new school and new friends. Many other classmates have also just arrived here from big cities. It is part of a trend that saw at least 25,000 people moved to queensland during the past year. And that has had a staggering effect on the housing market. Prices in some parts of the state went up by 15 over the last year. But the sudden boom is causing real tension in the community. It is makin tension in the community. It is making it tension in the community. It is making it much tension in the community. It 3 making it much harder for making it much harderfor locals to secure property at present and they are finding it quite stressful and they are selling for big money in Melbourne And Sydney and coming with big budgets and i guess the budgets of the people from these metropolitan areas have exceed what people expect to pay exceed what people expect to a here. � , pay here. And it is notjust pay here. And it is not ust people looking i pay here. And it is not ust people looking to i pay here. And it is not ust people looking to buy. I pay here. And it is notjust| people looking to buy. This gives you an idea about how stiff the competition is that evenin stiff the competition is that even in the rental market, prices are soaring. Dozens of potential tenants have lined up to see this one property and most of them will have to keep looking. Emma and nathan have been searching for months now with no luck. They have lived on the coast for three years. But with twins on the way, they need somewhere bigger. Need somewhere bigger. Being riced out need somewhere bigger. Being priced out of need somewhere bigger. Being priced out of everywhere i need somewhere bigger. Being priced out of everywhere and l priced out of everywhere and not being able to live on the coast anymore and that is a real worry because we have lived our whole Life Year and plans to bring up the kids here and the fact that we may not be able to afford olivia is a real prospect now. It able to afford olivia is a real Prospect Nova Prospect now. It is easy to see why so many want to call i why so many want to call this home. But regional areas often like the infrastructure of the bigger cities. And as a society just to covid 19 realities, all workers may be asked to return to the office. For now, they are embracing the change of pace and enjoying the new ride. Shaimaa khalil, bbc news, the Sunshine Coast. Lets talk about the Music Industry now. As youre aware, covid has ripped through the Music Industry in the past year. With live events cancelled and the Tv And Film industry on hiatus for months on end, many Music Professionals have been faced with financial hardship. Today, the performance Rights Society Prs For Music In The Uk has announced they have paid out 700 Million in 2020 in royalties to the 150,000 songwriters, composers, and Music Publishers that they represent, but it says it saw a 79 drop in income from the live sector. Joining me now is andrea czapary martin, the ceo of prs for music. It is great to have you on the programme. Before we get into the detail, You Say you have paid nearly £700 Million for 2020 work so how does that compare to a normal year, when there is not a pandemic . Compare to a normalyear, when there is not a pandemic . There is not a pandemic . Good morning there is not a pandemic . Good morning how there is not a pandemic . Good morning. How does there is not a pandemic . Good morning. How does it there is not a pandemic . Good morning. How does it compare there is not a pandemic . 13mg. Morning. How does it compare to 2019 was also a Record Year. So it was a Record Year and were increased by 2 but it was a hard year, like You Said, very chaotic, very hectic and a lot of hardship. And how did we do thatis of hardship. And how did we do that is we really focused on a 3 point on the likelihood of our members and composers, the song writers, the publishers. We made sure that income came in to prs, we signed a double amount of licenses, we focused on getting the money out as quickly as possible. And despite being down about 69 in performance, public plays, we achieved that. And also, we focused on service. We are the livelihood and our members and we launched right away, not even one month after lockdown in march last year, the Emergency Relief Fund where we gave out £2. 2 Million and granted about 5500 and it really hit home when i got various letters from the people who were granted the money and it was somewhere between 500 £1000 it was somewhere between 500 e1000 and one of our members wrote and you could see the hardship in her letter. It was like, it really felt that we Needed to do everything we could and she wont have the money we gave her allowed her to put food and get medication on the table so quite proud of the year, despite a hard year and a tough year. The year, despite a hard year and a tough year. Yeah, i mean we have heard and a tough year. Yeah, i mean we have heard stories and a tough year. Yeah, i mean we have heard stories here i and a tough year. Yeah, i mean we have heard stories here at l we have heard stories here at the bbc from performers and those who work in the arts who, as You Say, just hand to mouth at the moment. It is so difficult for them. Going forward, i difficult forthem. Going forward, i mean, in the yearwe have probably streamed more than ever as consumers of music. How does that Impact Royalties . I assume it is good, isnt it . ~ ,. , royalties . I assume it is good, isntit . ~ ,. ,. , isnt it . Absolutely, And One Ofthe isnt it . Absolutely, and one of the reasons isnt it . Absolutely, and one of the reasons also isnt it . Absolutely, and one of the reasons also we i isnt it . Absolutely, and one of the reasons also we had l isnt it . Absolutely, and one of the reasons also we had a Record Year despite having income down by 20 was royalties coming from online increased by 63 when we take 2019 versus 2020. But public performance was down 35 but a big increase, especially video on demand, a big increase also on demand, a big increase also on streaming and overall, if we look at all of the online, if we take away we had one of underlining adjustment but if we take that away which was unusual, increased by 12 on the online on a very high base. The online on a very high base. � ,. , the online on a very high base. � ,. ,. , base. Im so sorry to say that we are out base. Im so sorry to say that we are out of base. Im so sorry to say that we are out of time base. Im so sorry to say that we are out of time on base. Im so sorry to say that we are out of time on this i we are out of time on this programme but it sounds like you took some really important steps to make sure that your members are looked after in this really tough year. Thank you for being on the programme. Andrea czapary martin. Chief executive of prs for music. We are out of time. Thank you for your company today. Whatever you are up to, i hope you have a really good day, and i will see you soon. Hello. The sunny, dry theme to the April Weather continued through the course of the weekend. This was the picture in wiltshire on sunday, so similar to many areas blue Sky Overhead Butjust quite dry and, in fact, quite cracked ground. Some parts of Southern England has seen barely any rainfall throughout the entire month so far. Now, this week, a return to some scattered showers. We wont all be seeing them but there is, thankfully, a little bit of rain in the forecast, and things turning a bit colder as well. Weve got a small, slow moving area of low pressure moving in from the north, slowly slipping south over the next few days. So monday morning, then, starts off on a bit of a milder note particularly for scotland, where weve got more cloud. Still likely to see a frost across parts of england and wales, particularly in the north. Monday morning, then, initially quite a bit of cloud in the south but that will tend to break up, so quite a lot of sunshine coming through. There will be more cloud for scotland with some patchy showers heading in and they will be heavier during the course of the afternoon for parts of eastern scotland, one or two into Northern England and northern ireland. Further south in the sunshine, its also less windy than recent days as well, so we are losing that biting easterly wind. Still a bit of an onshore breeze making Things Cooler around the East Coast but further west, temperatures for the likes of Cardiff And Belfast are up to about 16 degrees on monday. And then as we move through Monday Night into tuesday, this area of low pressure still with us. As it moves its way south, we will start to see some showers rotating around that area of low pressure. So hit and miss scattered showers on tuesday but they will probably avoid East Anglia and the south east, where we could really do with a bit of rainfall around. Staying quite mild in the south, up to about 16 degrees in the sunshine, but turning colderfrom the north as the winds start to come in from a northerly direction. Just 7 degrees or so for aberdeen. Into wednesday, i think the focus of the showers probably for wales and the south west of england. Fewer showers around elsewhere, perhaps one or two around these East Coasts where it is, again, going to feel chilly. Just 7 degrees for the likes of aberdeen. Could well be 15 or 16 for Southern Parts of england and wales too. But as low pressure drifts off towards the near continent, thats going to open the doors for these cold North Or North easterly winds, once again coming down from the arctic. So temperatures on the cold side towards The End of the week for thursday into friday, just about getting into double figures by day, but do be prepared if youve got gardening plans, we could well see a return of frosty nights. Bye for now. Good morning, welcome to breakfast with Dan Walker and louise minchin. Our headlines today. A country struggling to Breathe India registers a record breaking number of new coronavirus cases for a fifth day in a row. Questions grow for the Prime Minister about the refurbishment of his Downing Street flat as labour demands a formal inquiry. Very good morning from the england scotland border, open for Nonessential Travel For The First Time since christmas. What does it mean for hotels, hospitality, and those hoping to get hitched here in Gretna Green . 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