Sarah Olney Interview in Richmond Park

And in terms of the tone of the whole brexit debate and I'm joined now by the newly elected MP Sarah Olney all the congratulations of what do you think you did manage to overturn. 23000 majority.

Sarah Olney Interview in Richmond Park

Well we started the campaign talking about our opposition to Heathrow expansion because that's when the by election was cool about it as we went round talking to voters we realize the bricks that was something that mattered a great deal more to them that's a lot of anxiety a lot of people very disappointed in the result so you know we started to get out a message about it we've always have a. St pro European has only come in very hard for remain and that went down really well with the voters now you said that you will actually vote against triggering article 50 to stall the bricks that negotiations.

That may be something that'll please some of your photos here but surely it is flying in the face of the views of the majority of people who voted to leave when I made that a central part of my campaign here in Richmond park and now that I've been returned to parliament it gives me a personal mandate from I have photos that I represent too to oppose article 50. But this constituency is not representative the whole country 70 percent have voted to remain pre know what the bricks that result is sure we've got to accept that. Well you know as I say you know I've got a very clear mandate from the constituents I represent and you know it say it's a Monday it they voted 70 percent remain anyway and now I've got a very clear Monday. This is an extraordinary victory but it's not going to make any difference really is it to the course of the brexit negation they go see Asians and to the government's determination to deliver on those with the will of the British people.



Well you know we just take the time to a massive 23.5000 majority here and it was very clearly a case of people voting against 2 reason Mase current approach to Brecht's it so I think that will give her polls as she can she. She will see now she's using both she's lost a seat that was previously a very safe seat for the Tories and I hope that that will cause it to change her mind about her current approach to Brecht's it. What about liberal democrats'you still love a pretty small full so Westminster you don't really gotta be able to do too much to change what is that all you well you know the momentum is with this people voting liberal democratic and not just in this election but in many council elections have been held since last year and I think in future elections we got some excellent candidates lined up I'm I think. I think we can we can win more seats.

But you're still a very small schools we've got you kept saying that that game to make gains. Approaching this whole brexit process from a completely different. Approach. Well I think to be honest I think to reason may has probably been too influenced by the UKIP and of the political spectrum and I think what this victory yesterday represents is. Is that you know she's to she needs to look out for the live with Democrats as well because we are providing now strong opposition only remain side of the political debates and that that's winning US boats and it's winning a seats there only thank you very much indeed for talking to ramble what's clear is that it wallows that whole issue of Europe on brexit which swung the did his decision here it was is that a pull the LibDems another new MP that's certainly Kohut that's it for now from Richmond. Carol thank you very much!

Aleppo onslaught

For the some of the job is following the developments in the letter from Gaziantep me at Turkey's border with Serbia. NBI Finnian government soldiers are continuing the pressure on east in the left over there have been skirmishes in some neighborhoods on the frontline but no major advances.

Aleppo onslaught

The humanitarian situation however has become worse operations are now happening in basements without amnesty Sierra. I imagine it being a eh having a child. And rushed to a and I'm sanitary basement and then being operated upon without an STC.

This other conditions today and east on the. Aid workers are appealing to all sides to protect fleeing civilians there across says it's provided food and blankets. A child is for the displaced that basic amenities. 400 pounds that in the intended to space in western Aleppo on now joins by tens of thousands a month at. It is our estimation.



And we need we need with a program full full full full for them Amin Europe panicked because we got 400000 from from from from Syria or of Europe at west a little has that. Alone.

Referendum Renzi 2016

Derek Halpenny any European head of U. global markets research at the bank of Tokyo Mitsubishi great to have you on the program I like to kick start the chat with Mister fantastic love the chart here which shows the Italian German 10 year spread and how it sort of evolved this goes back to 12/20/1400 if if you spike soon bear and then look at that starting September all the way up and then it's it's narrowed slightly since of course if you were to take a longer range at that would be not as big as a spy because it currently looks.

Referendum Renzi 2016

Italian elections I mean just as we thought we had recovered from the American political volatility what's Europe's top line read on what's going on here. Yeah well you know I I think that the most important point to make on this is it yes you know in terms of Italy specifically that there are important implications in terms which way the vote goes in terms of the banking sector perhaps in particular items the the immediate outlook in terms of politics but I think from a from a market's perspective uncertain and and from the perspective of the forecasts that I'm setting for for the major currencies this is. This is one piece of a potential jigsaw that's playing I was at the moment and it started this year of course with the bags of votes and then move to the United States with the election of trump and if. If we get a novos at the weekends and the freedom party kinds of winning the presidential vote in Austria it'll be another 2 examples of this.


Populism this wave of populism.is spreading throughout the world and is now clearly arrived in Europe I I and what I mean in terms of the broader consequence I think it fit the crucial thing for Europe next year is the French presidential elections. I'm 0 the idea of marina pad winning the last election and it would be catastrophic for Europe matapos clearly show that's not going to happen but if we get those examples of populism spreading right Sosa that feeds into the female will will if we pick up on that in a second how do you trade all of this I mean how do you how do you prepare for this kind of political volatility we were saying this is the spread this is this is the one of one of the many indicators missing a lot of downside pressure as well on the euro I mean how do you trade these kinds of waters but in terms of trading Gaza I probly steer clear of it because you know one of the reasons why we had the narrowing of the spread is this rumor this week about at the ECB would be very active and buying Italians asked if there was a no results on to me that makes perfect sense they're conducting quantitative easing and they want to keep the market stable if there is any blow as I'm sure the city would be and try and contain the move so that's probably not your tribes you know your own lower is perhaps did to try to take on but again post trump we've already had a pretty big move to the downside on euro dollar and so you know to me there's perhaps in the equity space you know I think there's there's opportunities there on I suppose taking a a broader approach.



Buying volatility is is probably the obvious one and I think that would certainly be an element of uncertainty and that would create up volatility CC this European populism spreading and continuing with that kind of momentum going forward because there was that one the other side of the argument which I made it clear that people going to realize you know what populism is not that great and way before the eurozone even starts breaking out that people are going to move back on that kind of sentiment. Well I'm not I'm not convinced about on on I think you know the roots of all of this of course is low economic growth and if you want to points to a country in Europe.

To look for an example of the house there is no better example than Italy and if you take real GDP peak growth levels before the great financial crisis. Real GDP initially is about 7.5 percent below the pre crisis peak in the United States for example its over 11 percent higher than in the UK it's over 8 percent higher so there's this real fundamental problem and it's only I I'm it's to do it dash it's to do with the fact that the have to run these very large budget surpluses druggy this week mentions that that the large budget surpluses being a positive for us in the in terms of that reducing sovereign risk I would argue it's actually one of the reasons why Isley has such significant problems on the growth side is because the have to run those budget surpluses to keep death stable and that's ultimately one of the big problems that is in the house. Derek will continue this conversation that just a few breaking lines here hitting the Bloomberg.