30/07/2016 BBC Weekend News


30/07/2016

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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

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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.

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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.

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51 of the biggest lenders in Europe were tested to see

:00:56.:00:57.

if they would survive a major economic shock.

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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.

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But RBS won't need to raise any additional money after the tests,

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That will come as a relief to the Bank of England,

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and UK taxpayers, who spent ?45 billion on RBS eight years ago.

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The stress tests only cover the largest banks.

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They excluded the small banks, and that is where a lot

:01:26.:01:29.

In Italy, possibly in Germany, and certainly in Greece

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Greece and Portugal were entirely excluded from these stress tests,

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Second, I think there is a specific problem in Italy.

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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.

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It had to agree to a last-minute refinancing worth ?4.2 billion

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late last night, in order to reassure investors and governments.

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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.

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Britain would not be immune from that.

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Theresa May had "objections" to the Hinkley C nuclear project

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as far back as the days of the coalition, according

:02:31.:02:33.

to the Liberal Democrat former Business Secretary Sir Vince Cable.

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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.

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With me now is our Political Correspondent, Alan Soady.

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Alan, what more do we know of the Government's reason

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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

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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

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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

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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

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over half a billion bags were used in the first six months

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after the charge was introduced - Scenes like this may be becoming

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a thing of the past. Today, shoppers are more likely

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to bring a bag from home Since the 5p charge was introduced

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in England last October, the latest data from the Government

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shows that plastic bag Having to pay for these bags has

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made a big early impact. In 2014, more than 7.5 billion bags

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were used in England. In the six months since the charge

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was brought in, just over half a billion bags have been

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taken home by shoppers. 5p is so little it doesn't make any

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difference at all. The 5p, you've paid your

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money for nothing. I still forget that we have

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to pay 5p for them, so, you know, when I say,

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"Oh, yeah, can I have a bag, I never tended to waste the bags,

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but I think for people who do waste There's less of them flying

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about in the street at the moment. England follows the trend seen

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around the rest of the UK. Wales, Northern Ireland and Scotland

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all introduced the 5p levy earlier, and saw reductions of up

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to 80% in single use Campaigners say this

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could have a big impact on the environment,

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especially the ocean. It is estimated that about 8 million

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tonnes of plastic We're hoping, obviously,

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that we'll see less and less plastic Every year we survey our beaches

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and last year we found over 5000 Now we're hoping that

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with the charge in place now in all the countries in the UK,

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we will see a decrease in the number When people do buy plastic bags,

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some money goes to charity, and it is estimated that ?30 million

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has been raised so far. The Government will now continue

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to track this to see if plastic bag Anti-terror police in Belgium have

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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

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Clinton's presidential campaign is reported to have been hacked.

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The programme is used to analyse voter data,

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The FBI is investigating the first attack -

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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

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that four cases of the virus have been caught from local mosquitoes.

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Previous US cases have been connected to people

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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

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buzzing menace behind the warning. Mosquitoes carrying the Zika virus.

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In most of us, it only causes a mild illness, but it has been linked to

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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

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children to consider the risk. They haven't been advised not to go and

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we are talking about Florida, not the rest of the UK, so they will

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have to speak to their travel health adviser, GP or the travel health

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clinic they go to. That have been more than 1500 Zika cases in the US,

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but they have all been connected to people who caught the virus abroad.

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Now there four people who have picked it up from local mosquitoes

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and Florida is doing everything to prevent a wider outbreak. Florida

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has become the first state to have a major transmission and we will put

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every resource available to fight the spread of Zika in our state. The

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World Health Organisation declared the Zika virus a global health

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condition. It has particularly affected Brazil where the Olympics

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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

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cases. Women in the UK are being urged to check the latest government

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advice and decide whether or not to postpone their trip.

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And before we go, news that one very lucky ticket holder in the UK has

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scooped the Euromillions jackpot - winning more than ?61 million.

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It's the fourth time the top prize has been won

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We don't know the identity of the winner yet, but the amount

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falls well short of the record for the UK's biggest ever

:09:24.:09:25.

win five years ago - which was ?161 million.

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You can see more on all of today's stories on the BBC News Channel.

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The next news on BBC One is at 6.25pm.

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Good afternoon. It is the last weekend of July and for many of us,

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it is looking pretty good. Good spells of sunshine to be had, but

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not completely dry weekend. There are few showers in the forecast. You

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will notice a fresh appeal to things in the coming nights and mornings.

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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

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across Scotland and Northern Ireland. Between those

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