:00:11. > :00:13.This is Business Live from BBC News with Ben Bland and Ben Thompson.
:00:14. > :00:17.The UK government pushes for a frictionless trade deal
:00:18. > :00:20.to help ease its transition towards a post-Brexit future.
:00:21. > :00:22.Live from London, that's our top story
:00:23. > :00:43.The British government has laid out it's strategy
:00:44. > :00:46.for trade with the EU - calling for a temporary customs
:00:47. > :00:48.union and a period of transition to avoid post-Brexit chaos,
:00:49. > :00:55.Also in the programme Donald Trump puts America first -
:00:56. > :00:57.opening an investigation into whether China is stealing
:00:58. > :01:05.Intellectual Property from American firms.
:01:06. > :01:13.And we will keep an eye on the market, positive start to the
:01:14. > :01:16.trading day across the European indices, reflecting a return to an
:01:17. > :01:19.appetite for risk. And also on the programme...
:01:20. > :01:21.And is a lack of charging points holding back growth
:01:22. > :01:25.The boss of the Uk's largest network of charging stations is here...
:01:26. > :01:28.So today we want to know: What's holding you back
:01:29. > :01:31.If you drive - would you go electric?
:01:32. > :01:42.Let us know, use the hashtag BBC Biz Live.
:01:43. > :01:49.The British Prime Minister Theresa May has this morning,
:01:50. > :01:53.published a blueprint for future trade relations between the UK
:01:54. > :01:58.In the first of a series of Brexit papers, the government suggested
:01:59. > :02:02.creating an interim period of trade, saying one possible approach
:02:03. > :02:05.would be a temporary customs union between the UK and the EU.
:02:06. > :02:09.That means they would continue applying the same tariffs to goods
:02:10. > :02:12.from outside the union - which can then move between them
:02:13. > :02:17.The government's Brexit committee hopes a time-limited transition
:02:18. > :02:20.period will give importers and exporters enough time to adjust
:02:21. > :02:31.In a bid to create what it calls a "seamless and
:02:32. > :02:35.the government has suggested either creating a brand
:02:36. > :02:39.new arrangement that includes a new customs border...
:02:40. > :02:41.or a special partnership which would negate the need
:02:42. > :02:52.Brexit Secretary David Davis spoke to the BBC earlier.
:02:53. > :03:01.It's a pretty simple, practical set of proposals we have put forward.
:03:02. > :03:04.Primarily due have two elements, when we leave the European Union we
:03:05. > :03:08.leave the customs union, will we have a transitional arrangement for
:03:09. > :03:12.a year or two that will allow not just British companies to sell into
:03:13. > :03:14.Europe at European countries who sell 60 billion more than us into
:03:15. > :03:20.the UK? With me is our Business
:03:21. > :03:28.Editor Simon Jack. It sounds very good in theory but
:03:29. > :03:32.the first thing many people will think, having your cake and eating
:03:33. > :03:36.it? This is the having your cake and eating it position paper. There are
:03:37. > :03:41.reasons this has been issued today, they want to show that they have
:03:42. > :03:44.been negotiating with each other, making progress. They want to leave
:03:45. > :03:50.the customs union but they don't want anything to change. Are you out
:03:51. > :03:53.or in? Technically out, but nothing much will change, the only thing
:03:54. > :03:58.that will change, if we are technically out of the customs union
:03:59. > :04:02.means the UK is at liberty to sign, negotiate and find new trade deals,
:04:03. > :04:06.as you say, having your cake and eating it. This is what Boris
:04:07. > :04:10.Johnson was so fond of and EU officials were not. Business will
:04:11. > :04:14.probably like this, it means they will have to adjust once we find
:04:15. > :04:18.other trade deals in place, rather than having to adjust once and again
:04:19. > :04:22.when we signed trade deals, this relies on the fact that a deal will
:04:23. > :04:27.be done, no sense that this will actually happen, we haven't started
:04:28. > :04:31.discussing trade yet. That's a really important point, let's say
:04:32. > :04:34.technically they say you are out of the customs union, you can negotiate
:04:35. > :04:40.your own trade deals, it will be very hard to see how those
:04:41. > :04:42.substantive trade talks with third-party countries can't even we
:04:43. > :04:48.still don't know the overriding relationship between the UK and the
:04:49. > :04:51.EU will be. They will say we need to see whether it's going to be
:04:52. > :04:56.tariffs, trade terms, how they will go, the customs union is a border
:04:57. > :04:59.issue, the wider issues will still be unsettled, you can't do a
:05:00. > :05:03.substantive trade deal until you know what the UK relationship with
:05:04. > :05:06.the US and we are not even in the foothills of that yet. It seems they
:05:07. > :05:11.may have hit upon something that could give a bit of a breakthrough,
:05:12. > :05:14.given how important it is for Germany in particular and the rest
:05:15. > :05:18.of Europe to be able to access the UK market in terms of getting their
:05:19. > :05:24.products here and carrying on sales. The fear was if you go out of Dover,
:05:25. > :05:27.one of the main ports in the UK, you see trucks rolling on and off, at
:05:28. > :05:31.the moment we are in the club you don't have to show ID at the door
:05:32. > :05:36.and open your trucks, the fear was if you throw sand into that well
:05:37. > :05:42.oiled engine, you get chaos. On both sides of the input channel. I think
:05:43. > :05:46.in the order of probability, will be you agree to some sort of temporary
:05:47. > :05:50.arrangement which. That happening? The answer to that is probably yes,
:05:51. > :05:54.it is in the interests of both sides. Whilst that's going on, will
:05:55. > :05:59.be be happy for the UK to negotiate and signed trade deals, probably
:06:00. > :06:04.less, and then the vexed question of who is in charge of any disputes on
:06:05. > :06:07.these things? At the moment it's the European Court of Justice, the UK is
:06:08. > :06:10.desperate to avoid the purview of that caught and they think they can
:06:11. > :06:16.do that, they may have a different view. This is a position paper, not
:06:17. > :06:19.policy and no position paper survives first engagement with the
:06:20. > :06:24.other side I suspect they will have a lot to say. Simon, for now, thank
:06:25. > :06:29.you. Interesting that David Davis covered a long and turbulent
:06:30. > :06:30.process, I think that is the truth. Simon, thank you.
:06:31. > :06:34.Let's take a look at some of the other stories making the news...
:06:35. > :06:36.The latest figures out of Germany show that Europe's largest economy
:06:37. > :06:39.expanded by 0.6% in the second quarter of the year.
:06:40. > :06:40.Economists were expecting a stronger rate of growth,
:06:41. > :06:45.but the strong euro contributed to a weakness in exports.
:06:46. > :06:48.Bill Gates has donated 5 percent of his fortune to an -
:06:49. > :06:53.The billionaire and Microsoft co-founder donated 64 million shares
:06:54. > :06:56.valued at $4.6 billion - that's according to a filing
:06:57. > :07:01.at the Securities Exchange Commission.
:07:02. > :07:08.It's the largest gift of Microsoft shares Gates has made since 2000.
:07:09. > :07:10.The boss of Intel- Brian Krzanich has become the third
:07:11. > :07:12.business leader to stand down from Donald Trump's manufacturing
:07:13. > :07:20.council following the events in Charlottesville.
:07:21. > :07:23.Neither he nor the chief executive of Under Armour, Kevin Plank,
:07:24. > :07:25.said their resignations were as a direct result
:07:26. > :07:28.of the incident, but Ken Frazier, the boss of the drugmaker Merck said
:07:29. > :07:31.that he needed to "feel a responsibility to take a stand
:07:32. > :07:40.US President Donald Trump has asked his country's top trade
:07:41. > :07:42.official to review China's practices regarding intellectual property.
:07:43. > :07:47.It could eventually lead to the US imposing trade sanctions.
:07:48. > :07:55.The BBC's Beijing Correspondent John Sudworth has more for us.
:07:56. > :08:01.It's interesting, very sensitive time to be doing this, at a time the
:08:02. > :08:05.US is relying on China to help deal with the North Korean nuclear
:08:06. > :08:09.threat. That's right, Trump himself has in the past connected to macro
:08:10. > :08:15.issues suggesting if China wants a good deal from the United States on
:08:16. > :08:23.trade it needs to do more to help on those diplomatic foreign policy
:08:24. > :08:27.issues. But signing this memorandum, possibly setting in train this
:08:28. > :08:31.investigation which could lead to unilateral sanctions, the President
:08:32. > :08:37.said this was all about trade, this is him delivering on campaign
:08:38. > :08:43.promises to stand up for US jobs and in particular to hold China to
:08:44. > :08:47.account. Of course China has long been accused of stealing US
:08:48. > :08:53.intellectual property as well as other trading partners because it
:08:54. > :08:56.insists on in many cases and in particular in certain strategic
:08:57. > :09:01.industries, enforcing those that want to come and do business here
:09:02. > :09:07.into local partnerships with local players and of course, once you're
:09:08. > :09:10.signed up to one of those, you know, your technology transfer, your
:09:11. > :09:13.intellectual property lakes across to the Chinese side. But all these
:09:14. > :09:18.been a concern and this is Donald Trump promising he will live up to
:09:19. > :09:25.his pledges during his campaign to do something about it. Many thanks.
:09:26. > :09:33.Let's take a look at the markets. As you can see, a bit of a return of an
:09:34. > :09:36.appetite for risk in global equities, Asian shares rallying, the
:09:37. > :09:40.dollar strengthening on Tuesday after a slight easing of tensions
:09:41. > :09:43.between the US and North Korea. Prompting investors to move back
:09:44. > :09:49.towards riskier assets which fell last week. McKay, boosted by growth
:09:50. > :09:55.figures out yesterday, the strongest Japan has seen two years, the
:09:56. > :09:58.stronger dollar against the yen boosting exports. US stocks
:09:59. > :10:03.recovering from the sell-off last week, the SNP by the hundred, the
:10:04. > :10:06.biggest single day percentage gain it has seen since April, technology
:10:07. > :10:11.shares including Apple giving the index its biggest boost. That
:10:12. > :10:16.positive sentiment has been setting the tone for the European markets.
:10:17. > :10:19.Perhaps not a stronger performance in London, certainly on the
:10:20. > :10:23.continent, Frankfurt as well reacting to the German growth
:10:24. > :10:27.figures out. Let's take a look at what Wall Street has in store.
:10:28. > :10:30.Here's Michelle Fleury. A lot of attention on Tuesday like many days
:10:31. > :10:35.of the week will be paid to the retail sector. The big economic data
:10:36. > :10:39.of the day as the retail sales report from the Department of
:10:40. > :10:41.commerce, it will measure the overall sector's performance for
:10:42. > :10:48.July and it is expected to show sales grew by 0.4% compared with
:10:49. > :10:52.last, that would be a distinct improvement on the zero growth shown
:10:53. > :10:57.in June. If numbers come in lower than that it may prompt some more
:10:58. > :11:01.worries about the health of US retail. But investors will have
:11:02. > :11:05.earnings from one of the nation's the DIY chains to mull over, home
:11:06. > :11:10.Depot reporting its second-quarter results. The company has suggested
:11:11. > :11:15.the quarter got off to a strong struts all investors will want to
:11:16. > :11:16.see that has continued. That was Michelle.
:11:17. > :11:18.Joining us is Mike Amey, Managing director and
:11:19. > :11:29.Nice to see you, we mentioned the German story, the largest economy in
:11:30. > :11:33.Europe growing by 6% of the second quarter, interesting all eyes on GDP
:11:34. > :11:36.around the world as we are trying to work out how far beyond that
:11:37. > :11:40.downturn we have come so far it doesn't leave Germany? The Europeans
:11:41. > :11:46.and Germany in particular have taken time to get going. Growth they are
:11:47. > :11:49.stuttering for a few years, seems to be on a pretty good trajectory and
:11:50. > :11:53.Germany one of the stronger economies in Europe, doing very
:11:54. > :11:58.well. I think it's good news, Germany and the European Union, the
:11:59. > :12:04.eurozone finally picking up on the upswing... Why has it taken so long?
:12:05. > :12:07.The main reason, their period of maximum economic pain was later than
:12:08. > :12:13.it was for the Brits and the US, ours was 2008-9, there is was 11-12,
:12:14. > :12:19.longer for the recovery to kick in there, their challenge period was
:12:20. > :12:24.more recently than ours. Investors watching and analysts watching for
:12:25. > :12:29.the UK inflation figures out later. Sure. UK inflation has been above
:12:30. > :12:34.where most of us would like it to be. Most expectations are for about
:12:35. > :12:37.seven, the long-term aim is about to macro and we know inflation is
:12:38. > :12:42.running at a higher rate than wages which is the big challenge for the
:12:43. > :12:49.UK and hope and -- hopefully we will see a peak soon. Analysts saying it
:12:50. > :12:52.will hit 3% before it falls back on the body keeps on going up. There is
:12:53. > :12:57.a challenge with forecasting the future, as we know. The Bank of
:12:58. > :13:00.England has the challenges we all have. I think the main reason the
:13:01. > :13:05.bank and we would agree with that, you will see its peak around the end
:13:06. > :13:09.of this year, is normally you find when sterling fell and it fell about
:13:10. > :13:12.a year ago it takes about a year or that to come through and higher
:13:13. > :13:17.prices that we pay for foreign goods and that is what we are seeing. For
:13:18. > :13:19.now, thank you. I know we will talk through some of the paper stories
:13:20. > :13:32.later. For now, thank you. I know we are going to talk about
:13:33. > :13:37.charging points for electric cars. Some of you have been in touch,
:13:38. > :13:40.Julie says a lack of charging points, the cars are silent to
:13:41. > :13:45.pedestrians, automatic cars, not manual but would like to try for
:13:46. > :13:46.environmental reasons. Keep your comments coming in using the BBC
:13:47. > :13:48.Business live hash tag. We'll speak to the man behind
:13:49. > :13:51.the UK's largest network of charging But are there enough
:13:52. > :13:54.to power our demand? You're with Business
:13:55. > :14:05.Live from BBC News. Commuters are braced
:14:06. > :14:07.for rises in rail fares... we'll find out how much
:14:08. > :14:12.prices will go up, linked The Government links
:14:13. > :14:15.the annual price rise with Let's speak to Economist
:14:16. > :14:32.Bronwyn Curtis. This is interesting, aside from the
:14:33. > :14:35.economic data and the economic impact of inflation it could really
:14:36. > :14:40.affect our pocket when it comes to real fares? Yes, an increase of
:14:41. > :14:45.three and a half percent is what we are expect in retail prices this
:14:46. > :14:52.month. A year ago it was under 2%, that's a huge jump and it's a huge
:14:53. > :14:59.jump in rail fares at the time when the consumer is struggling. Remember
:15:00. > :15:04.60% of the economy, they have run down savings to record lows, and
:15:05. > :15:10.consumer credit is up 10% over the year. This is just another squeeze
:15:11. > :15:15.and it comes at really the worst possible time. We should say the
:15:16. > :15:19.real fare increases will come into force in January next, the worst
:15:20. > :15:23.time, wages are not keeping up, prices for most of the things still
:15:24. > :15:27.rising and as we discussed, the Bank of England discussing it will go
:15:28. > :15:32.higher before it falls back. That's right, I think, if we see a peak, we
:15:33. > :15:36.are talking about a peak of 3%, the Bank of England is, in October for
:15:37. > :15:43.consumer prices. That means retail prices probably peaking just under
:15:44. > :15:45.4%. If they are right, unless sterling falls and we have heard
:15:46. > :15:50.David Davis talk about turbulent times ahead and usually sterling
:15:51. > :15:55.falls, that means inflation could go higher. If inflation is coming down
:15:56. > :15:59.but we have locked in those real prices at three and a half, say
:16:00. > :16:04.percent, for the next year, that seems pretty high and I wonder
:16:05. > :16:10.whether they shouldn't change the basis on which they calculate price
:16:11. > :16:11.rises in the real sector. Reticular it's a service, it has been
:16:12. > :16:24.appalling as we've heard all year. Thanks for shedding light on that,
:16:25. > :16:29.and on about 45 minutes we will find out how much prices will rise on the
:16:30. > :16:32.railways. They are for specific fares, so keep an eye on that,
:16:33. > :16:47.that's at 9:30am this morning. You're watching Business
:16:48. > :16:49.Live - our top story: The British Prime Minister, Theresa
:16:50. > :16:51.May, has published a blueprint for future trade relations
:16:52. > :16:53.between the UK and The government suggested creating
:16:54. > :17:03.an interim period of trade, saying that's one possible approach,
:17:04. > :17:05.would be a temporary customs union But remember there is a lot of
:17:06. > :17:11.negotiating still to go. A quick look at how
:17:12. > :17:19.markets are faring... We're told the future is electric -
:17:20. > :17:22.cars, vans and lorries around the world will be weaned off petrol
:17:23. > :17:25.and instead be powered There are now more than 2 million
:17:26. > :17:35.electric cars in the world. But the International Energy Agency
:17:36. > :17:36.predicts that number will hit 140 million by 2030,
:17:37. > :17:39.if countries are to meet Paris But what about the infrastructure
:17:40. > :17:49.needed to power them all? In the UK, the biggest network
:17:50. > :17:51.of electric charging points It works with BMW, Kia,
:17:52. > :17:54.Mercedes-Benz, Mitsubishi, David Martell is the founder and
:17:55. > :18:13.chief executive of Chargemaster. Nice to see you. The first thing
:18:14. > :18:19.that strikes me is working with so many brands, I know trying to plug
:18:20. > :18:27.in my tablet, my phone, they need different wires. Is there a
:18:28. > :18:33.universal plug? Not quite but it works. There's two types of
:18:34. > :18:37.charging, one is a relatively slow rate, and a universal standard
:18:38. > :18:44.called type II microcell all of the charges around the country have the
:18:45. > :18:50.type two socket. A rapid Charger is slightly more complex. All of the
:18:51. > :18:54.rapid Charger is we have on the network at Chargemaster have all of
:18:55. > :18:59.the cables on so many car can charge. A lot of people are getting
:19:00. > :19:03.in touch this morning. One of the things holding people back is that
:19:04. > :19:09.they will go on a journey, run out of power halfway there or cannot go
:19:10. > :19:16.on a journey because there's not the charging points there. How do you
:19:17. > :19:21.reassure people about that? The vast majority of cars coming on the
:19:22. > :19:26.market have 200 mile range, once you have that, you dispel all of the
:19:27. > :19:30.fears people have about charging and running out en route. There is
:19:31. > :19:34.sufficient battery chargers around the country, so you can drive from
:19:35. > :19:39.London to Bristol to Manchester, stop for maybe half an hour on the
:19:40. > :19:47.route and have a cup of coffee, exactly the same as you would in a
:19:48. > :19:52.petrol car. Is your own car and electric one? And what made you
:19:53. > :19:56.decide to take the switch? I haven't been in a petrol station for two
:19:57. > :20:05.years and that's a refreshing achievement. So what came first, you
:20:06. > :20:12.started using electric cars and then block the company up and running? I
:20:13. > :20:16.was motivated by providing the infrastructure for the
:20:17. > :20:20.electrification of transport. About ten years ago I came to the
:20:21. > :20:25.conclusion that motor manufacturers were going this way, needed to for
:20:26. > :20:31.air quality, climate change and so on, and the very fact I could see
:20:32. > :20:35.electric cars were nice to drive. If you have electric cars, you need
:20:36. > :20:39.infrastructure and I saw the opportunity to provide it. We have
:20:40. > :20:44.been asking for tweets from this because some people have
:20:45. > :20:48.reservations, money upfront, they can be more expensive than petrol
:20:49. > :20:56.and diesel cars. One person says my worry is finding a charging points
:20:57. > :20:59.and it is out of order. Years ago many of the charging points were
:21:00. > :21:04.supplied by local authorities who don't have the motivation to
:21:05. > :21:10.maintain them. Now companies such as Chargemaster have taken over and we
:21:11. > :21:14.have and 99.5 cent reliability record. When you roll out the
:21:15. > :21:21.infrastructure it's a real chicken and egg thing, isn't it? Do you need
:21:22. > :21:25.to see the demand from cars to put them in? Where do you make those
:21:26. > :21:31.decisions? It is a commercial decision that the end of the day.
:21:32. > :21:36.Chargemaster will put 5000 charging points out there in the next couple
:21:37. > :21:40.of years, there is already 13,000 across the country and we don't see
:21:41. > :21:44.it constrains to the growth of electric cars. There is so much more
:21:45. > :21:52.I want to ask, but time is tight this morning. David Martell, thank
:21:53. > :21:55.you for coming in. 70 years have passed
:21:56. > :21:58.since the end of the British Raj. Partition resulted in Muslims moving
:21:59. > :22:00.to the newly formed state of Pakistan and Hindus moving
:22:01. > :22:02.to independent India. Among the millions of people
:22:03. > :22:05.affected, the owner of one sweets franchise eventually managed
:22:06. > :22:07.to thrive in a new homeland. But it was a painful
:22:08. > :22:09.and challenging journey. We had three restaurants, and due to
:22:10. > :23:13.partition we had to move to Bombay. The memory cannot be wiped out
:23:14. > :23:17.entirely, and therefore the pain is still there. The mockery of the
:23:18. > :23:28.whole thing is it was not a question of either vision, so what was the
:23:29. > :23:34.cause of partition? Much more coverage of partition on the BBC
:23:35. > :23:45.throughout the day. We are talking about the business pages now. Uber
:23:46. > :23:54.is changing some of its rules, talk us throughout. Yes, I think they are
:23:55. > :24:02.trying to change the news flow on the country. They are changing the
:24:03. > :24:11.waiting times, all in favour of the driver. We will be allowed to tip
:24:12. > :24:16.within the app and drivers will be allowed to charge us if we don't
:24:17. > :24:21.turn up within two minutes, so they are trying to make it more
:24:22. > :24:27.attractive to the driving community. The group of drivers representing a
:24:28. > :24:30.lot of Uber drivers save this is pre-empting regulation. You are
:24:31. > :24:36.trying to sweeten the deal before regulation. That's right. I think
:24:37. > :24:42.the thing they are looking at is in the US and New York, where Uber did
:24:43. > :24:46.the same thing. They pre-empted regulatory change so they have been
:24:47. > :24:50.allowing this for a couple of months now in New York. I think there is a
:24:51. > :24:55.front running of some of the regulations, that's true to be
:24:56. > :25:03.honest with you. Shall we talk electric cars? Do you have an
:25:04. > :25:08.electric car? Yes. How do you find charging? Fine, it has over 200
:25:09. > :25:17.miles, with only had it a couple of months but we are delighted so far.
:25:18. > :25:22.A total convert? We still have a petrol car for long journeys and
:25:23. > :25:28.that is the challenge. I mentioned the tweet earlier, lack of charging
:25:29. > :25:33.points, who else do we have, will seems more enthusiastic, says it
:25:34. > :25:40.will save ?2000 in petrol every year so it is getting there. Silence for
:25:41. > :25:50.pedestrians is quite a big point actually. And the question of if it
:25:51. > :25:57.has a noise, what should the noise be. That's for another day. We will
:25:58. > :25:58.see you at the same time, the same place tomorrow. See you then,
:25:59. > :26:03.goodbye.