Browse content similar to 30/07/2016. Check below for episodes and series from the same categories and more!
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Tests to find out how the biggest European banks would cope | :00:20. | :00:23. | |
with a major economic crisis has found that RBS and Barclays | :00:24. | :00:26. | |
The analysis found RBS - which is mainly owned | :00:27. | :00:31. | |
by the British taxpayer - had one of the worst responses | :00:32. | :00:34. | |
Here's our business correspondent, Joe Lynam. | :00:35. | :00:40. | |
RBS was the bank that nearly destroyed the UK banking system. | :00:41. | :00:43. | |
We had to bail it out and even now, it, alongside Barclays, | :00:44. | :00:47. | |
would be left with some of the lowest levels | :00:48. | :00:52. | |
of financial reserves if there was another major downturn. | :00:53. | :00:55. | |
51 of the biggest lenders in Europe were tested to see | :00:56. | :00:57. | |
if they would survive a major economic shock. | :00:58. | :01:00. | |
In the case of RBS, its cushion of capital fell | :01:01. | :01:02. | |
by 7.5 percentage points, the third biggest fall of all banks. | :01:03. | :01:07. | |
But RBS won't need to raise any additional money after the tests, | :01:08. | :01:10. | |
That will come as a relief to the Bank of England, | :01:11. | :01:16. | |
and UK taxpayers, who spent ?45 billion on RBS eight years ago. | :01:17. | :01:21. | |
The stress tests only cover the largest banks. | :01:22. | :01:25. | |
They excluded the small banks, and that is where a lot | :01:26. | :01:29. | |
In Italy, possibly in Germany, and certainly in Greece | :01:30. | :01:34. | |
Greece and Portugal were entirely excluded from these stress tests, | :01:35. | :01:40. | |
Second, I think there is a specific problem in Italy. | :01:41. | :01:45. | |
We know Monte dei Paschi, the oldest bank in the world, | :01:46. | :01:47. | |
under these stress tests, its capital would disappear entirely | :01:48. | :01:50. | |
That bank, Monte dei Paschi di Siena, would have simply run out | :01:51. | :01:56. | |
of money, in the event of a major economic shock. | :01:57. | :02:00. | |
It had to agree to a last-minute refinancing worth ?4.2 billion | :02:01. | :02:03. | |
late last night, in order to reassure investors and governments. | :02:04. | :02:08. | |
Italy, it appears, is now in the same position | :02:09. | :02:11. | |
The debts were simply too big and they need a bailout or a bail-in | :02:12. | :02:18. | |
to ensure Europe avoids another financial crisis. | :02:19. | :02:21. | |
Britain would not be immune from that. | :02:22. | :02:28. | |
Theresa May had "objections" to the Hinkley C nuclear project | :02:29. | :02:30. | |
as far back as the days of the coalition, according | :02:31. | :02:33. | |
to the Liberal Democrat former Business Secretary Sir Vince Cable. | :02:34. | :02:37. | |
Sir Vince told the BBC he believed at that time that Mrs May | :02:38. | :02:40. | |
was unhappy about what he called the "rather gung-ho approach" | :02:41. | :02:43. | |
to Chinese investment, which would fund part of the cost. | :02:44. | :02:47. | |
The French energy firm EDF was only told yesterday of the Government's | :02:48. | :02:50. | |
plan to delay the final decision on the ?18 billion project. | :02:51. | :02:54. | |
With me now is our Political Correspondent, Alan Soady. | :02:55. | :02:56. | |
Alan, what more do we know of the Government's reason | :02:57. | :03:05. | |
Now she is the Prime Minister, is she getting cold feet? That is the | :03:06. | :03:11. | |
big question, why were the breaks slammed on this object within hours | :03:12. | :03:18. | |
of EDF saying it wanted to go ahead. Downing Street is insisting it is | :03:19. | :03:22. | |
nothing more significant than Theresa May being a new Prime | :03:23. | :03:25. | |
Minister, this is a big project and she wants to have a look at it, but | :03:26. | :03:30. | |
some wonder whether it could be more significant and the whole project | :03:31. | :03:35. | |
could be in jeopardy. Vince Cable says Theresa May had long-standing | :03:36. | :03:39. | |
objections and she disagreed with the approach to attract Chinese | :03:40. | :03:45. | |
investment, calling it gung ho. The government is not directly | :03:46. | :03:49. | |
commenting on what he has said but Greg Clark has said nuclear remains | :03:50. | :03:53. | |
an important part of the energy mix, and also, there will be a decision | :03:54. | :03:58. | |
soon. Thank you. There's been a dramatic reduction | :03:59. | :04:01. | |
in the use of plastic bags in England since the introduction | :04:02. | :04:03. | |
of a five pence charge Data from retailers shows that just | :04:04. | :04:06. | |
over half a billion bags were used in the first six months | :04:07. | :04:10. | |
after the charge was introduced - Scenes like this may be becoming | :04:11. | :04:13. | |
a thing of the past. Today, shoppers are more likely | :04:14. | :04:17. | |
to bring a bag from home Since the 5p charge was introduced | :04:18. | :04:20. | |
in England last October, the latest data from the Government | :04:21. | :04:27. | |
shows that plastic bag Having to pay for these bags has | :04:28. | :04:30. | |
made a big early impact. In 2014, more than 7.5 billion bags | :04:31. | :04:36. | |
were used in England. In the six months since the charge | :04:37. | :04:41. | |
was brought in, just over half a billion bags have been | :04:42. | :04:44. | |
taken home by shoppers. 5p is so little it doesn't make any | :04:45. | :04:48. | |
difference at all. The 5p, you've paid your | :04:49. | :04:51. | |
money for nothing. I still forget that we have | :04:52. | :04:57. | |
to pay 5p for them, so, you know, when I say, | :04:58. | :04:59. | |
"Oh, yeah, can I have a bag, I never tended to waste the bags, | :05:00. | :05:02. | |
but I think for people who do waste There's less of them flying | :05:03. | :05:08. | |
about in the street at the moment. England follows the trend seen | :05:09. | :05:14. | |
around the rest of the UK. Wales, Northern Ireland and Scotland | :05:15. | :05:17. | |
all introduced the 5p levy earlier, and saw reductions of up | :05:18. | :05:21. | |
to 80% in single use Campaigners say this | :05:22. | :05:25. | |
could have a big impact on the environment, | :05:26. | :05:30. | |
especially the ocean. It is estimated that about 8 million | :05:31. | :05:36. | |
tonnes of plastic We're hoping, obviously, | :05:37. | :05:38. | |
that we'll see less and less plastic Every year we survey our beaches | :05:39. | :05:42. | |
and last year we found over 5000 Now we're hoping that | :05:43. | :05:47. | |
with the charge in place now in all the countries in the UK, | :05:48. | :05:52. | |
we will see a decrease in the number When people do buy plastic bags, | :05:53. | :05:56. | |
some money goes to charity, and it is estimated that ?30 million | :05:57. | :06:00. | |
has been raised so far. The Government will now continue | :06:01. | :06:05. | |
to track this to see if plastic bag Anti-terror police in Belgium have | :06:06. | :06:09. | |
arrested two men suspected of planning an attack | :06:10. | :06:18. | |
in the country. Officers carried out searches | :06:19. | :06:24. | |
at seven houses in the region A computer system used by Hillary | :06:25. | :06:42. | |
Clinton's presidential campaign is reported to have been hacked. | :06:43. | :06:46. | |
The programme is used to analyse voter data, | :06:47. | :06:51. | |
The FBI is investigating the first attack - | :06:52. | :06:53. | |
which President Obama has said is almost certainly | :06:54. | :06:55. | |
Pregnant women are being advised to consider postponing | :06:56. | :07:02. | |
non-essential trips to Florida, because of new concerns | :07:03. | :07:05. | |
The warning from Public Health England follows the confirmation | :07:06. | :07:08. | |
that four cases of the virus have been caught from local mosquitoes. | :07:09. | :07:11. | |
Previous US cases have been connected to people | :07:12. | :07:13. | |
The glistening sands of Miami Beach. More than a million Brits seek | :07:14. | :07:24. | |
sunshine in the state of Florida every year. But now, pregnant women | :07:25. | :07:29. | |
are being urged to reconsider their travel plans. And this is the | :07:30. | :07:35. | |
buzzing menace behind the warning. Mosquitoes carrying the Zika virus. | :07:36. | :07:40. | |
In most of us, it only causes a mild illness, but it has been linked to | :07:41. | :07:48. | |
major brain defect in newborns. British health experts described the | :07:49. | :07:51. | |
risk in Florida as moderate, but warned people who are about to have | :07:52. | :07:54. | |
children to consider the risk. They haven't been advised not to go and | :07:55. | :07:58. | |
we are talking about Florida, not the rest of the UK, so they will | :07:59. | :08:03. | |
have to speak to their travel health adviser, GP or the travel health | :08:04. | :08:09. | |
clinic they go to. That have been more than 1500 Zika cases in the US, | :08:10. | :08:13. | |
but they have all been connected to people who caught the virus abroad. | :08:14. | :08:18. | |
Now there four people who have picked it up from local mosquitoes | :08:19. | :08:23. | |
and Florida is doing everything to prevent a wider outbreak. Florida | :08:24. | :08:28. | |
has become the first state to have a major transmission and we will put | :08:29. | :08:32. | |
every resource available to fight the spread of Zika in our state. The | :08:33. | :08:37. | |
World Health Organisation declared the Zika virus a global health | :08:38. | :08:46. | |
condition. It has particularly affected Brazil where the Olympics | :08:47. | :08:50. | |
start in 12 days. Top golfers including Rory McIlroy are staying | :08:51. | :08:55. | |
away because of the risk. In the US, officials say they do not expect a | :08:56. | :09:00. | |
widespread outbreak of Zika but are preparing for small clusters of | :09:01. | :09:05. | |
cases. Women in the UK are being urged to check the latest government | :09:06. | :09:08. | |
advice and decide whether or not to postpone their trip. | :09:09. | :09:10. | |
And before we go, news that one very lucky ticket holder in the UK has | :09:11. | :09:13. | |
scooped the Euromillions jackpot - winning more than ?61 million. | :09:14. | :09:16. | |
It's the fourth time the top prize has been won | :09:17. | :09:18. | |
We don't know the identity of the winner yet, but the amount | :09:19. | :09:23. | |
falls well short of the record for the UK's biggest ever | :09:24. | :09:25. | |
win five years ago - which was ?161 million. | :09:26. | :09:33. | |
You can see more on all of today's stories on the BBC News Channel. | :09:34. | :09:37. | |
The next news on BBC One is at 6.25pm. | :09:38. | :09:40. | |
Good afternoon. It is the last weekend of July and for many of us, | :09:41. | :10:01. | |
it is looking pretty good. Good spells of sunshine to be had, but | :10:02. | :10:06. | |
not completely dry weekend. There are few showers in the forecast. You | :10:07. | :10:11. | |
will notice a fresh appeal to things in the coming nights and mornings. | :10:12. | :10:15. | |
Some spells of sunshine for many places but we have had some rain | :10:16. | :10:19. | |
across the south-east and a scattering of showers development | :10:20. | :10:23. | |
across Scotland and Northern Ireland. Between those | :10:24. | :10:25. |