:00:07. > :00:11.Good evening from Westminster, where it's been another day full
:00:12. > :00:20.Lots more of allotments following the EU referendum result last week.
:00:21. > :00:28.A lot happening at Westminster today. Let's get the latest from Ben
:00:29. > :00:31.Brown. It's been another day packed full of drama and after-shocks from
:00:32. > :00:33.that political earthquake last week. The Prime Minister, David Cameron,
:00:34. > :00:35.has been addressing MPs for the first time
:00:36. > :00:37.since the referendum. Mr Cameron said negotiating
:00:38. > :00:41.Britain's exit from the EU would be the most important and complex task
:00:42. > :01:00.the civil service had Let's get this report from Carol
:01:01. > :01:04.Walker. The Prime Minister set out to explain the decision which had
:01:05. > :01:10.forced him from office, triggered unprecedented political turmoil and
:01:11. > :01:15.caused instability in the markets. Statement, the Prime Minister. He
:01:16. > :01:19.said it was not the result he wanted but the strength of the British
:01:20. > :01:24.economy and the country was well placed to face the challenges ahead.
:01:25. > :01:30.I don't take a quad I said about the risks, it will be the freckled, we
:01:31. > :01:34.have already seen there will have to be adjustments in our country,
:01:35. > :01:40.complex content shoes no issues and challenging negotiation with Europe,
:01:41. > :01:43.but I am clear that the decision must be accepted and the process of
:01:44. > :01:48.employment ad the best possible way must now begin. He said it was for
:01:49. > :01:55.his successor to decide when to begin the formal process of the
:01:56. > :01:59.parting from the EU under Article 50 but a new unit was beginning work.
:02:00. > :02:05.There were words of reassurance that no hiding the motion. We should hold
:02:06. > :02:10.fast to a vision of Britain that wants to be respected abroad,
:02:11. > :02:15.tolerant at home, engaged with the world and working with our partners
:02:16. > :02:18.to advance the security and prosperity of our generation for
:02:19. > :02:22.generations to come. I have fought for these things every day of my
:02:23. > :02:28.political life and will continue to do so. Berger and the Prime Minister
:02:29. > :02:34.had -- the Chancellor had sought to calm worries. There was pressure on
:02:35. > :02:39.those leading the Brexit campaign to clarify their plans and it was in
:02:40. > :02:44.the double dot Boris Johnson was absent from Parliament for the
:02:45. > :02:50.statement. The markets are stable, the pound is statement and that is
:02:51. > :02:53.good news. Jeremy Corbyn said the referendum campaign had been
:02:54. > :02:59.divisive and negative that also turned on his own side in the crisis
:03:00. > :03:03.engulfing his leadership. Our country is divided and the country
:03:04. > :03:08.will fight neither the benches in front of me nor those behind for
:03:09. > :03:23.indulging in internal faction manoeuvring at this time. We have...
:03:24. > :03:32.Mr Speaker, we have... We have serious matters to discuss in this
:03:33. > :03:36.house and in the country. The SNP's leader at Westminster said Scotland
:03:37. > :03:41.had voted to Remain in the EU and would not be part of a diminished
:03:42. > :03:46.Little Britain. We have no intention of seeing Scotland taken out of
:03:47. > :03:53.Europe. That would be totally, totally democratically unacceptable.
:03:54. > :03:57.We are a European country and we will stay a European country and if
:03:58. > :04:05.that means we have to have a end of tendons referendum to protect
:04:06. > :04:09.Scotland's says, so be it. Many MPs expressed their regret is the Prime
:04:10. > :04:15.Minister 's departure but he made it clear that decision will not be
:04:16. > :04:18.reversed. The country has made a clear decision to go in their
:04:19. > :04:24.particular direction and I believe it needs fresh leadership a fresh
:04:25. > :04:28.pair of eyes committed to that path and getting it right for Britain and
:04:29. > :04:36.I believe that requires change and I am not changing my mind.
:04:37. > :04:44.A lot of the talk at Westminster, as you've heard, centred around the
:04:45. > :04:52.road map towards Britain extra trading itself from the EU and some
:04:53. > :04:56.Brexit supporters talked about having informal talks with EU before
:04:57. > :05:02.the triggering of Article 50 formerly the defies the EU that the
:05:03. > :05:06.UK is intent on leaving, but we heard this evening from Angela
:05:07. > :05:11.Merkel, who has told a news conference in Berlin there can be no
:05:12. > :05:15.informal talks before the UK formerly notifies other members of
:05:16. > :05:24.its intention to leave. TRANSLATION: We agreed Article 50 of the European
:05:25. > :05:30.Union treaties is a statement, the member state wanting to leave the
:05:31. > :05:36.union has to apply to the European Council and before this application,
:05:37. > :05:44.no further steps can be taken. Only then the European Council can issue
:05:45. > :05:48.guidelines and along those guidelines the negotiations can be
:05:49. > :05:58.conducted, which means there are no informal talks about the exit of
:05:59. > :06:01.Great Britain before such an application for exiting the European
:06:02. > :06:09.Union has been submitted to the European Council. That is judged
:06:10. > :06:13.German Chancellor this evening. There has been a lot of turbulence
:06:14. > :06:20.on the market today, in the Tory party and the Labour Party. On that
:06:21. > :06:25.Tory party, the timetable has been set for the new leader to be elected
:06:26. > :06:31.and so nominations for the new leader opening on Wednesday,
:06:32. > :06:36.according to the committee of Tory backbenchers, they close on Thursday
:06:37. > :06:42.it at midday and it is expected the new leader will be in place by
:06:43. > :06:48.September the 2nd. The Labour Party is in turmoil with the prospect of a
:06:49. > :06:52.general election causing many MPs to revolt against Jeremy Corbyn in the
:06:53. > :07:00.belief a new leader would be more likely to help them win votes.
:07:01. > :07:05.Around two dozen Labour MPs have stepped down and today there will be
:07:06. > :07:09.an anonymous leadership ballot tomorrow. Here is Ian Watson.
:07:10. > :07:12.Labour's fragile unity is the next victim of the Brexit vote
:07:13. > :07:14.with critics saying the party leadership didn't campaign strongly
:07:15. > :07:18.So, when a political leader loses a dozen
:07:19. > :07:20.or so MPs from his top team, including his Shadow Foreign
:07:21. > :07:25.Secretary, Shadow Health Secretary and Shadow Justice Secretary,
:07:26. > :07:30.that's usually a sign his own resignation won't be far behind.
:07:31. > :07:33.But not Jeremy Corbyn, he called that the old politics.
:07:34. > :07:37.He says his mandate comes not from MPs but his rank
:07:38. > :07:43.He'll neither jump nor is he willing to be pushed out of office.
:07:44. > :07:51.I think what the party members and public want
:07:52. > :07:55.is for the Labour Party to unite and deal with the consequences
:07:56. > :08:00.Labour's Deputy Leader Tom Watson has his own mandate from party
:08:01. > :08:03.members and is close to the big unions.
:08:04. > :08:06.He didn't in so many words call for his leader to resign
:08:07. > :08:09.but asked him to consider the effect of a contest on him
:08:10. > :08:14.Here in the corridors of power at Westminster and these closed
:08:15. > :08:18.doors, Labour MPs will meet to discuss a motion of no confidence
:08:19. > :08:24.The kind of people supporting that can't be simply characterised
:08:25. > :08:30.at Blairites or Brownites, to the right of the party.
:08:31. > :08:33.But, even if a majority of MPs want Jeremy Corbyn to go,
:08:34. > :08:35.under Labour's rules, he can simply tell them
:08:36. > :08:40.That means a formal leadership challenge is likely to follow.
:08:41. > :08:44.Today, Jeremy Corbyn appointed a new Shadow Cabinet.
:08:45. > :08:49.Emily Thornberry becomes the Shadow Foreign Secretary.
:08:50. > :08:52.There were promotions for two key allies.
:08:53. > :08:54.Diane Abbott moves to health and Clive Lewis to defence.
:08:55. > :08:59.No sooner was this announced than two more resignations followed.
:09:00. > :09:02.In the current scenario, I cannot see how I can
:09:03. > :09:06.possibly continue to support the circumstances
:09:07. > :09:10.We need to go and have the leadership election that has
:09:11. > :09:15.It feels the collision between the people who are seeking
:09:16. > :09:19.to get rid of Jeremy Corbyn and the people who are trying
:09:20. > :09:23.to stick in there in Jeremy Corbyn's team,
:09:24. > :09:28.Pressure further mounted on Jeremy Corbyn when,
:09:29. > :09:31.in a leaked letter, Alan Johnson suggested the Labour leadership
:09:32. > :09:35.had been undermining the pro-EU Remain campaign,
:09:36. > :09:42.and Angela Eagle was emotional about her decisions for resigning.
:09:43. > :09:46.There is likely to be a quick general election, probably this
:09:47. > :09:50.year, and I do not think, with the best will in the world
:09:51. > :09:54.to Jeremy, that we can do well in that election
:09:55. > :10:00.Most Labour MPs have no truck with Jeremy Corbyn but ultimately,
:10:01. > :10:03.whether his leadership's destined for the dustbin of history will be
:10:04. > :10:05.a matter for Labour's members and not for those
:10:06. > :10:23.Here we have that crucial meeting of the parliamentary party this
:10:24. > :10:28.evening. Let's go to Vicki Young, who was inside the Palace of
:10:29. > :10:33.Westminster. Tell us about the importance of this meeting. After
:10:34. > :10:39.these mass resignations there will be no surprise this meeting will be
:10:40. > :10:42.highly critical of Jeremy Corbyn. The motion of no-confidence will be
:10:43. > :10:47.put forward by the Labour MP Margaret Hodge. It is unclear
:10:48. > :10:54.whether he would go for not, but there is a big rally outside in
:10:55. > :10:59.Parliament Square, where we are told about 1000 supporters of Jeremy
:11:00. > :11:03.Corbyn have gathered, partly union members of the momentum campaign
:11:04. > :11:09.group, which really swept into power a few months ago. This meeting will
:11:10. > :11:15.go one, then they will have a secret ballot tomorrow of no-confidence,
:11:16. > :11:20.assuming what has been happening in the last couple of days you would
:11:21. > :11:23.assume that would be passed, and the big question is whether Jeremy
:11:24. > :11:29.Corbyn will resign for dig his heels in and fight, and then there will be
:11:30. > :11:35.a leadership contest because Labour MPs said at least 50 would gather
:11:36. > :11:42.around one contest but be in no doubt this is a fight for the heart
:11:43. > :11:47.of the Labour Party. Some Labour MPs today have spoken openly about an
:11:48. > :11:50.existential crisis for the Labour Party, a possible split of the
:11:51. > :11:55.party, they are having their minds focused because they fear an early
:11:56. > :12:00.general election once the Conservatives have their new leader
:12:01. > :12:05.and many fear there will be dozen more seats last, so that his wife
:12:06. > :12:11.they are now pushing this and we are in a stand-off situation with Jeremy
:12:12. > :12:16.Corbyn's people saying he will stay, he has the backing of the party
:12:17. > :12:20.leader, though Labour MPs say they are getting hundreds of e-mails from
:12:21. > :12:25.party members are some who voted from Jeremy Corbyn but the result of
:12:26. > :12:30.this referendum has made them change their mind and they fear an early
:12:31. > :12:35.general election would meet Labour are white head. We heard support for
:12:36. > :12:41.Jeremy Corbyn from trade union leaders. The key question is how
:12:42. > :12:46.popular he still is among party members in the country. Remember
:12:47. > :12:51.when he came to the forefront there were hundreds of thousands of
:12:52. > :12:56.members who join, they paid ?3, some have gone on to become full members
:12:57. > :13:01.of the Labour Party, they have been told they would have to reapply for
:13:02. > :13:05.that process and pay again, the question is whether they would do
:13:06. > :13:10.that, but there is a rival petition going around, which is the other
:13:11. > :13:15.side in this argument, trying to get moderate people from the moderate
:13:16. > :13:19.wing of the Labour Party to sign up in big enough numbers to counter
:13:20. > :13:24.right Corbyn supporters, so we will have to see where that ends up. At
:13:25. > :13:31.the moment there is this impasse with neither side moving, Corbyn's
:13:32. > :13:34.people saying he would carry on fighting, if he stood down the
:13:35. > :13:38.question is whether someone else from the left wing of the party
:13:39. > :13:44.would stand but it is interesting we are likely to have two leadership
:13:45. > :13:50.contest, one in labour, one in the Conservatives, at the same time. The
:13:51. > :13:55.Labour Party process could go on for longer so we have the chance of a
:13:56. > :14:00.new Tory leader in place by September, what if they call a snap
:14:01. > :14:03.election when Labour is in the middle of a leadership contest?
:14:04. > :14:12.Labour Party members are very concerned. Thank you, Vicki Young.
:14:13. > :14:20.You mention that rally outside Westminster. Supporters of Jeremy
:14:21. > :14:26.Corbyn from the grassroots movement that backs Jeremy Corbyn's
:14:27. > :14:35.leadership, and Bateman is there. -- Tom Bateman. Welcome to Parliament
:14:36. > :14:44.Square, where we have a big rally I Momentum,, and as we get that
:14:45. > :14:51.meeting under way by Labour members across the road, his leadership
:14:52. > :14:55.campaign are saying look at his vast mandate, the quarter of a million
:14:56. > :15:01.people who voted for him and some of those people are here. We had the
:15:02. > :15:05.National Union of Students, the unions have been forthright for
:15:06. > :15:10.Jeremy Corbyn and their message is that although the front bench team
:15:11. > :15:15.and many MPs do not support Mr Corbyn, these grassroots members and
:15:16. > :15:23.activists clearly do. We had chance of Tories out, Corbyn in, that is
:15:24. > :15:31.the message from them, and I am joined by the national organiser for
:15:32. > :15:34.Momentum, James Schneider. Give us a sense of what is happening on the
:15:35. > :15:42.front bench, this is bad news for Jeremy Corbyn. It's bad news for the
:15:43. > :15:47.party, I think the election will badly on the party talking to
:15:48. > :15:51.ourselves like this but Jeremy Corbyn has had a remarkable response
:15:52. > :15:56.in the grassroots, he has a growing movement and that has to be our
:15:57. > :16:01.strategy for winning elections, to organise to reach out to people who
:16:02. > :16:05.have left the party and are not voting for it anymore. It counts for
:16:06. > :16:14.nothing if the cap form a front bench team. He has formed a front
:16:15. > :16:16.bench team, he will form one. Some people have left, there is a
:16:17. > :16:24.difficult time in the party, there is able big and difficult situation
:16:25. > :16:29.which has to be resolved but there will be events like this all around
:16:30. > :16:33.the country. He has this support. That court complaint that he seventh
:16:34. > :16:38.week couldn't get the support to get the message out about Labour's
:16:39. > :16:43.position on the referendum. We heard from him himself that he was 7.5 out
:16:44. > :16:51.of ten on Europe, that was a failure. Supporters who voted in, a
:16:52. > :16:57.lot of them were about 7.5 out of ten. It was difficult to get our
:16:58. > :17:02.message across given the lies and then the phobia in the campaign but
:17:03. > :17:07.his message was a good one and TD delivered it with clarity and 70% of
:17:08. > :17:13.Labour voters voted Remain, roughly the same number of live them
:17:14. > :17:17.members. That is not the crisis it is drummed up by us. A lot of other
:17:18. > :17:25.Labour figures did not get the Remain vote out in their areas. And
:17:26. > :17:29.yet we hear from angelic legal, not one of the usual suspects, virtually
:17:30. > :17:36.in tears as she talked about her resignation saying Mr Corbyn's
:17:37. > :17:40.leadership was hailing the prospect of a more right-wing Tory Prime
:17:41. > :17:45.Minister. That is a disaster for Labour. I think what is a disaster
:17:46. > :17:51.for Labour is having this as election now when we should be
:17:52. > :17:57.uniting for Brexit negotiations. It is really the responsible in this
:17:58. > :18:00.national crisis. I am sure it will go on for longer, we are just
:18:01. > :18:12.getting sums teaches us that meeting of the Parliamentary Labour Party
:18:13. > :18:16.continues. Thank you, Tom Bateman. Now let's discuss the implications
:18:17. > :18:22.of the Shadow Cabinet resignations we have seen. I'm joined by Gemma
:18:23. > :18:27.Doyle, who was a Labour MP for Dumbartonshire and was one of the
:18:28. > :18:33.Labour candidates who signed that letter to date calling for Jeremy
:18:34. > :18:38.Corbyn to stand down. Why? We have been through a major test, we have
:18:39. > :18:45.just had the referendum and he was not up for the job. I think he is
:18:46. > :18:49.left down the membership badly. We had Labour members around the
:18:50. > :18:56.country knocking on doors trying to make the case for the EU and we had
:18:57. > :19:01.a half-hearted leadership in that campaign from Jeremy Corbyn. If you
:19:02. > :19:05.look at what Alan Johnson said today, the leader of the Labour in
:19:06. > :19:11.campaign, he felt Jeremy and his office were not, were frustrating
:19:12. > :19:17.what a work trying to do, perhaps had other motives and Chris Bryant
:19:18. > :19:21.has told us that Jeremy would not confirm how he voted in that
:19:22. > :19:26.referendum. It is not sustainable to go on like this. Vicki Young was
:19:27. > :19:32.saying this is able at all for the heart of the Labour Party, has the
:19:33. > :19:36.Labour Party come to wake kind of cross roads were it might split into
:19:37. > :19:42.a sort of hard left and a softer left? I desperately hope not and I
:19:43. > :19:47.don't think that will happen. There are a number of people who joined
:19:48. > :19:52.the party just to support Corbyn and they are not interested in
:19:53. > :19:57.supporting Labour without Corbyn so I gently suggest to them they might
:19:58. > :20:01.want to look elsewhere. The Labour Party is a broad church but it is
:20:02. > :20:07.not sustainable to go on like this. We cannot have a leader who
:20:08. > :20:12.half-heartedly said he would support the Remain campaign and then refused
:20:13. > :20:17.to turn up to events, wasn't out the way that MPs and members words daily
:20:18. > :20:22.in the banging on doors, if that is what we will get at a general
:20:23. > :20:28.election, that is not good enough and I think it has been a
:20:29. > :20:33.dereliction of duty from Jeremy. But if he doesn't want to go, if there
:20:34. > :20:37.is another leadership election in the party, he may stand again and if
:20:38. > :20:43.he has as much support within the party membership as last time, he
:20:44. > :20:48.will win again easily and what happens next to Labour? To get to
:20:49. > :20:53.that stage she will have to get support from enough MPs to run again
:20:54. > :20:59.in an election and what is happening now in parliament in the PLP, we
:21:00. > :21:05.think by all accounts that members of our element are telling Jeremy
:21:06. > :21:11.clearly that they did not support him. This is unprecedented, we
:21:12. > :21:16.cannot have a leader of the Labour Party who doesn't command the
:21:17. > :21:20.support of his Shadow Cabinet. His supporters are saying this is a
:21:21. > :21:25.right-wing mutiny that has been orchestrated because he is a
:21:26. > :21:30.socialist leader. I don't think so. If you look at the MPs who have
:21:31. > :21:35.resigned from the Shadow Cabinet, they come from different political
:21:36. > :21:40.opinions. We all want a Labour Party who can win an election, we cannot
:21:41. > :21:43.do anything for people if we did not win and that is quite people have
:21:44. > :21:51.taken the difficulties listen to call for him to go. Gemma Doyle,
:21:52. > :21:54.thank you for being with us. The Foreign Secretary Philip Hammond has
:21:55. > :22:00.been meeting US Secretary of State John Kerry, who were assured reckons
:22:01. > :22:04.that the special relationship between the UK and the US would not
:22:05. > :22:12.change because of the decision to leave the EU. This special
:22:13. > :22:18.relationship that we often refer to is perhaps even more important in
:22:19. > :22:24.these days of questioning but I want to make it clear that we believe, we
:22:25. > :22:33.the US believe it Remain strong and as crucial as ever. We are bound to
:22:34. > :22:38.get by a lot of different things bound to gather by a lot of history.
:22:39. > :22:45.Bound together by many shared traditions, shared values, shared
:22:46. > :22:54.language, mostly. That was John Kerry and Philip Hammond said the UK
:22:55. > :22:58.would Remain outward looking. Britain's global role remains
:22:59. > :23:05.undiminished. There is absolutely no question that written will turn its
:23:06. > :23:10.back on the world work on Europe. Britain is and always will be open
:23:11. > :23:14.for business, committed to peace and security and a leading supporter of
:23:15. > :23:20.the international rules -based system. Philip Hammond there, now
:23:21. > :23:28.let's talk about the impact of the Brexit vote for the economy,
:23:29. > :23:34.banking, airline shares all fit in treading on anxious markets but that
:23:35. > :23:38.pounded steady after hitting at one point a 31 year low against the
:23:39. > :23:44.dollar. The former anchor of England governor were drinking criticised
:23:45. > :23:45.the tactics of the Remain campaign which she said treated people like
:23:46. > :23:48.idiots. He's called for calm and said
:23:49. > :23:51.there was no need to panic. Our economics correspondent
:23:52. > :23:53.Andy Verity has more details. If the Chancellor was seeking
:23:54. > :23:57.to reassure the markets, Today, shares in 250 of the largest
:23:58. > :24:07.British companies dropped by 7% to add to the 7%
:24:08. > :24:09.they lost on Friday. The last time there was a bigger
:24:10. > :24:12.drop was in the 1987 Markets will be nervous
:24:13. > :24:15.for the coming weeks. Every time there's a new political
:24:16. > :24:18.risk, whether it's in Europe or elections in the US,
:24:19. > :24:20.markets may react more sensitively The man who governed the Bank
:24:21. > :24:26.of England in the last crisis joined the chorus to seek to calm markets
:24:27. > :24:31.down in the new one. Markets move, up and down,
:24:32. > :24:33.up and down. We don't know where
:24:34. > :24:35.they'll find their level. The whole aspect of volatility is,
:24:36. > :24:38.there's a trial and error process going on before the markets discover
:24:39. > :24:43.what their level is. There's no reason for
:24:44. > :24:48.any of us to panic. Traders' anxieties were focused
:24:49. > :24:51.on the banks which had already lost Barclays has lost over
:24:52. > :24:57.32% of its market value RBS, one of our nationalised banks,
:24:58. > :25:02.lost over 30% of its value People are very concerned about the
:25:03. > :25:09.impacts on the economy of Brexit. These banks are highly exposed
:25:10. > :25:12.to the economy, lending to Also the fact in the case
:25:13. > :25:17.of Barclays, a big investment banking arm, investment banking
:25:18. > :25:20.will be very difficult With Lloyds and the Royal Bank
:25:21. > :25:25.of Scotland, the Government They are not going to get
:25:26. > :25:29.sold any time soon. On Thursday, the taxpayers' stake
:25:30. > :25:32.in Lloyds was worth Now it is worth more
:25:33. > :25:37.like ?3 billion. Selling their stakes was a key plank
:25:38. > :25:42.of the Chancellor's plan to get You can be fairly sure that
:25:43. > :25:46.now that national debt As the US stock market opened,
:25:47. > :25:54.you might have expected the pound to bounce back but instead it sank,
:25:55. > :25:58.and it is now at $1.32. If recession was what the doctor
:25:59. > :26:08.ordered, the medicine If reassurance was what the doctor
:26:09. > :26:33.ordered, the medicine You have been at the city today, how
:26:34. > :26:37.anxious is it? We are still lacking direction from Westminster and one
:26:38. > :26:40.of the revealing things from George Osborne and this morning, when he
:26:41. > :26:46.spoke before markets opened, he rolled back from that promise about
:26:47. > :26:52.a punishment budget we heard during the campaign, so I think Mervyn King
:26:53. > :26:57.'s criticism of the Remain campaign was spot-on. There was very little
:26:58. > :27:03.direction in terms of what spending decisions will be made and many evil
:27:04. > :27:08.concluded George Osborne would not with the man in the Treasury. That
:27:09. > :27:16.was meant to be project reassurance, what he said this morning. Did it
:27:17. > :27:19.not reassure the city? Reassurance comes from the person who will have
:27:20. > :27:25.their hand on the tiller in September. Also the timetable of the
:27:26. > :27:31.Conservative campaign and who will lead that and under what basis they
:27:32. > :27:36.will really do see it Article 50. A lot of people think against that
:27:37. > :27:41.backdrop a want to go into safe haven assets, airline and property
:27:42. > :27:47.stocks were sold off as people retreated for the safety of gold and
:27:48. > :27:50.gilts. Was this the volatility you would expect after a Brexit vote or
:27:51. > :28:02.will discontinue? That depends on Mark Carney. His
:28:03. > :28:08.comments were more reassuring. The liquidity. But sterling has moved
:28:09. > :28:14.very aggressively down against the dollar in the last two trading
:28:15. > :28:17.sessions. It goes much lower, start to think about significantly higher
:28:18. > :28:24.inflation, damage to consumer demand as they start to see the price of
:28:25. > :28:28.food and petrol. Some of those guarantees may well come to pass.
:28:29. > :28:32.That depends on whether we get sustained economic damage. If the
:28:33. > :28:38.city looking for more of a spear on what the road map is? It does not
:28:39. > :28:44.want a Brexit, but does it want to seek child road map? With that
:28:45. > :28:51.reassure people? Yes is a simple answer, but the timetable that we
:28:52. > :28:57.spoke about, the 2nd of September, there is a little bit of confusion
:28:58. > :29:08.from Angela Merkel about how much shadow of the -- negotiation can go
:29:09. > :29:16.on. She doesn't want any informal ago sessions before article 50 is
:29:17. > :29:18.invoked. Whether bank staff are kept in London, that will weigh on the
:29:19. > :29:34.minds of some We were saying the meeting of the
:29:35. > :29:40.Parliamentary Labour Party is underway at Westminster. Because we
:29:41. > :29:44.have had a couple of dozen resignations from the Labour front
:29:45. > :29:48.bench, we have had Jeremy Corbyn hastily appointing lots of people to
:29:49. > :29:54.take the place of all of those people who resigned. The new people
:29:55. > :29:59.that he has promoted, they may not be household names. I will give them
:30:00. > :30:06.to you anyway. Barry Gardner, promoted from shadow energy minister
:30:07. > :30:13.to replace Lisa Nandi as Shadow Secretary of State for Energy and
:30:14. > :30:23.Climate Change. Richard Birch and replacing Lord Faulkner.
:30:24. > :30:32.Some of the names which are pouring into us as Jeremy Corbyn tries to
:30:33. > :30:38.replenish his Shadow Cabinet. It is an extraordinary evening here at
:30:39. > :30:43.Westminster, but we will look at the weather prospects now. The best way
:30:44. > :30:49.to describe this week is no two days the same. Want a dry, next day wet.
:30:50. > :30:53.We have a quiet evening and overnight period across much of the
:30:54. > :31:00.country. Just a scattering of showers in the West. But you can see
:31:01. > :31:07.the gathering waiting in the wings. Not a cold start. 10-14d. It was
:31:08. > :31:11.stayed right through much of the morning and into the afternoon. If
:31:12. > :31:15.rain gathers from the West, fairly showery across Ireland and Scotland.
:31:16. > :31:20.Heavy persistent rain across southern part of Wales along with
:31:21. > :31:26.the South coast. That will gradually move towards the London area. High
:31:27. > :31:30.temperatures of 15 degrees. The rain that was to a quieter pace. They
:31:31. > :31:34.will leave a scattering of showers behind in the far north-west. It
:31:35. > :31:38.will almost do it again with a repeat performance with more wet and
:31:39. > :31:41.windy weather coming through from the West. Showers to the North.