0:00:00 > 0:00:00Join me now on BBC Two.
0:00:00 > 0:00:01That's Newsnight with Emily.
0:00:12 > 0:00:15Good evening and welcome to BBC London News with me,
0:00:15 > 0:00:19Victoria Hollins.
0:00:19 > 0:00:21The City of London contributes tens of billions of pounds each
0:00:21 > 0:00:24year to the Treasury, but there'll be "no place"
0:00:24 > 0:00:27for our financial sector in any Brexit trade deal.
0:00:27 > 0:00:36That's the message from the EU's chief negotiator, Michel Barnier.
0:00:36 > 0:00:38The Government wants to secure new financial
0:00:38 > 0:00:40trading terms with Europe, but what happens if a deal
0:00:40 > 0:00:41cannot be reached?
0:00:41 > 0:00:43Chris Rogers has been to find out.
0:00:43 > 0:00:45London is the world's number one global financial dealer.
0:00:45 > 0:00:47More than half a million people are employed
0:00:47 > 0:00:49in the financial sector.
0:00:49 > 0:00:51The long-held fears that special trading privileges and access to EU
0:00:51 > 0:00:58customers will be taken from London post-Brexit were confirmed again
0:00:58 > 0:01:02by the EU's chief Brexit negotiator, Michel Barnier.
0:01:02 > 0:01:04He told the Guardian newspaper the City can't be
0:01:04 > 0:01:05an exception to the rule.
0:01:05 > 0:01:08He said the outcome was the consequence of the red
0:01:08 > 0:01:11lines that the British have chosen themselves.
0:01:11 > 0:01:13In leaving the single market they will lose
0:01:13 > 0:01:17the so-called financial services passport, he warned.
0:01:17 > 0:01:22We can be forgiven for not knowing exactly what goes on in the City
0:01:22 > 0:01:26but it has a massive impact on every single one of us.
0:01:26 > 0:01:28The British economy relies heavily on it and there
0:01:28 > 0:01:31is an ecosystem here.
0:01:31 > 0:01:35There are lots of industries feeding off the financial sector.
0:01:35 > 0:01:41Even within it you have technology, human resources, and then
0:01:41 > 0:01:44surrounding the financial sector you have the coffee shop owners,
0:01:44 > 0:01:46the tailors, the watchmakers, the shoe shiners, the pharmacists,
0:01:46 > 0:01:49the restaurants, the cafes.
0:01:49 > 0:01:55They all rely on the success of the City.
0:01:55 > 0:01:58So what about the financial firms caught up in the middle of the war
0:01:58 > 0:02:00of words between Barnier and the government?
0:02:00 > 0:02:03This man is pro-Brexit.
0:02:03 > 0:02:07These sides are both posturing right now, us included,
0:02:07 > 0:02:10but we have got to remember, I know it feels like we've been
0:02:10 > 0:02:12having Brexit forever but we are still in the foothills
0:02:12 > 0:02:13of the negotiating process.
0:02:13 > 0:02:16We're not going to have an agreed deal until 2019.
0:02:16 > 0:02:18These things are almost always reached in the 59th
0:02:19 > 0:02:20minute of the 11th hour.
0:02:20 > 0:02:23He can say right now, no, no, no.
0:02:23 > 0:02:26In the end I'm pretty sure the answer will be yes.
0:02:26 > 0:02:30While some firms are holding their nerve,
0:02:30 > 0:02:33others are making contingency plans to quit.
0:02:33 > 0:02:43But the think tank Open Europe said the EU has no choice.
0:02:43 > 0:02:46The fact that the UK has a big surplus in those financial services
0:02:46 > 0:02:50is because we have lots of customers elsewhere in the EU and I think most
0:02:50 > 0:02:52of the EU recognises that that hub cannot be replicated elsewhere
0:02:52 > 0:02:54in the EU, either in Frankfurt, Luxembourg, Amsterdam, wherever.
0:02:54 > 0:02:57So many people in the EU will want to access those services
0:02:57 > 0:02:59in London or the rest of the UK.
0:02:59 > 0:03:01But there is little sign of seasonal goodwill.
0:03:01 > 0:03:03City UK, which lobbies for financial firms,
0:03:03 > 0:03:04today called Michel Barnier Scrooge.
0:03:04 > 0:03:06And in its first proper Brexit Cabinet meeting,
0:03:06 > 0:03:09the government has agreed to demand a bespoke deal from the EU.
0:03:09 > 0:03:14Chris Rogers, BBC London News.
0:03:14 > 0:03:17Earlier I spoke to the BBC's Adam Flemming in Brussels,
0:03:17 > 0:03:23and asked him how significant this announcement is.
0:03:23 > 0:03:26These comments are significant because Michel Barnier
0:03:26 > 0:03:36is the EU's chief negotiator, the man entrusted by EU leaders
0:03:37 > 0:03:40to deliver the final Brexit deal between the UK and the EU.
0:03:40 > 0:03:42But they are not surprising because Michel Barnier
0:03:42 > 0:03:44is following instructions given to him by the EU leaders.
0:03:44 > 0:03:47They have been clear throughout the Brexit process that the deal
0:03:47 > 0:03:51the UK gets in the end is contingent on how willing the UK is to stick
0:03:51 > 0:03:54to the EU's rules and the EU's way of doing things.
0:03:54 > 0:03:58Michel Barnier has said in several places for several days
0:03:58 > 0:04:02now that the fact the UK is sticking to its red lines of no membership
0:04:02 > 0:04:04of the single market, no membership of the Customs Union
0:04:04 > 0:04:08and no jurisdiction of the European Court of Justice,
0:04:08 > 0:04:11means that the best the EU is willing to offer is a trade
0:04:11 > 0:04:15deal along the lines of the one that Canada got,
0:04:15 > 0:04:18which does not include financial services, so crucial to the London
0:04:18 > 0:04:22economy as we all know.
0:04:22 > 0:04:27What is happening here is that the EU is waiting for the UK
0:04:27 > 0:04:29government to discuss amongst itself about how it wants that
0:04:29 > 0:04:30relationship to operate.
0:04:30 > 0:04:33And only then, at the next summit of EU leaders in March,
0:04:33 > 0:04:36will the EU make its offer more clear and more detailed.
0:04:36 > 0:04:42So expect this issue to rumble on for a few months yet.
0:04:43 > 0:04:45As we've been hearing, the ex-boyfriend of reality TV star
0:04:45 > 0:04:48Ferne McCann has been jailed for 20 years after carrying out a brutal
0:04:48 > 0:04:50acid attack in a packed East London nightclub.
0:04:50 > 0:04:5316 people were seriously injured, most with chemical burns,
0:04:53 > 0:04:56when Arthur Collins hurled the liquid over a crowd on the dance
0:04:56 > 0:05:01floor of the Mangle club in Dalston.
0:05:01 > 0:05:05Three people were temporarily blinded.
0:05:05 > 0:05:08Well, since the 25-year-old carried out his attack,
0:05:08 > 0:05:10there have been growing calls for nightclubs to tighten
0:05:10 > 0:05:13up their security measures.
0:05:13 > 0:05:17Some venues in the capital have already taken steps to prevent acid
0:05:17 > 0:05:20being brought into their premises, as the number of incidents involving
0:05:20 > 0:05:22a corrosive substance continues to rise in London.
0:05:22 > 0:05:24Caroline Davies is here with more.
0:05:24 > 0:05:30Caroline, I understand that judge talked about this increase?
0:05:30 > 0:05:34He did. We can take a look at the scale of this issue. The judge said
0:05:34 > 0:05:39that in 2016 there were nearly 400 corrosive attacks but this year we
0:05:39 > 0:05:46had already passed the total of the previous year by the time we reached
0:05:46 > 0:05:50October, 424 from January until October which is obviously a rise
0:05:50 > 0:05:53but I should stress that these attacks are relatively rare even
0:05:53 > 0:05:59though they are taken seriously.How have nightclubs reacted?They
0:05:59 > 0:06:02clearly want their customers to be safe and they are a safe place to be
0:06:02 > 0:06:06and we spoke to one club who said they had taken police advice about
0:06:06 > 0:06:10what to do. They do not allow liquid into the club so your bottle of
0:06:10 > 0:06:13water would have to be thrown away before coming in but they are
0:06:13 > 0:06:17testing for personal use and colognes and antibacterial gel is so
0:06:17 > 0:06:21if you have those in your bag you will be asked to test them on this
0:06:21 > 0:06:25patch of your skin to prove they are safe so they are taking this
0:06:25 > 0:06:31seriously. We also spoke to people who have great experience on
0:06:31 > 0:06:34survivors and one charity we spoke to said they hope the law gets
0:06:34 > 0:06:36toughened up.
0:06:36 > 0:06:39The Home Secretary made a series of announcements over the last
0:06:39 > 0:06:40three or four months.
0:06:40 > 0:06:45I'm certainly expecting and hoping that legislation around control
0:06:45 > 0:06:48of sale of acid and also legislation around young men particularly
0:06:48 > 0:06:58caught with acid.
0:06:59 > 0:07:02What is actually being done? The Home Secretary launched a
0:07:02 > 0:07:07consultation which included acid in October. That is closed and they are
0:07:07 > 0:07:11looking at results so I would not be surprised if we hear more about acid
0:07:11 > 0:07:15and the law surrounding it in the near future.Thank you very much.
0:07:15 > 0:07:18An investigation is underway in West London after two young boys
0:07:18 > 0:07:20were found unconscious at an address in Perivale.
0:07:20 > 0:07:23Police were called to a property on Bilton Road this afternoon.
0:07:23 > 0:07:26They found a six-year-old in a critical condition.
0:07:26 > 0:07:28He, along with a four-year-old, were taken to hospital.
0:07:28 > 0:07:30No arrests have been made.
0:07:32 > 0:07:35The much awaited Crossrail is in its final stages and will open
0:07:35 > 0:07:37to the public in 12 months' time.
0:07:37 > 0:07:39Today we got some indication of how much it will cost
0:07:39 > 0:07:42to use the Elizabeth Line.
0:07:42 > 0:07:44Meanwhile there are positive noises about London's next big
0:07:44 > 0:07:47infrastructure project, Crossrail 2.
0:07:47 > 0:07:51More from our Transport Correspondent, Tom Edwards.
0:07:52 > 0:07:56These huge platforms are at Farringdon Crossrail station.
0:07:56 > 0:08:00In a year, trains will be running through here.
0:08:00 > 0:08:03Today news that in central London fares on the Elizabeth Line will be
0:08:03 > 0:08:06the same as the Tube.
0:08:06 > 0:08:08In terms of where it covers normal TfL zones,
0:08:08 > 0:08:12it will be the same fare structure.
0:08:12 > 0:08:14We recognise this will take some business from other
0:08:14 > 0:08:16lines, of course it will.
0:08:16 > 0:08:19But we also know that people perhaps who haven't used Central Line
0:08:19 > 0:08:22or Jubilee Line in the last few years because they perceive them
0:08:22 > 0:08:25to be very busy will come back to using the underground.
0:08:25 > 0:08:28That is about supporting London's continued growth.
0:08:28 > 0:08:31The Elizabeth Line will initially start in three sections.
0:08:31 > 0:08:33And already there are plans for the next big infrastructure
0:08:33 > 0:08:36project, Crossrail 2.
0:08:36 > 0:08:41The cost is £30 billion.
0:08:41 > 0:08:43The government wants TfL to raise half of that up front,
0:08:43 > 0:08:47through business rates, councils and developers.
0:08:47 > 0:08:52City Hall admits the funding is a big challenge.
0:08:52 > 0:08:57We are absolutely confident from the figures we have already
0:08:57 > 0:09:00submitted that London can fund half of the capital programme
0:09:00 > 0:09:01that we would need for Crossrail 2.
0:09:01 > 0:09:05It's not easy but we can do it.
0:09:05 > 0:09:08The payback, both in terms of what comes to Transport
0:09:08 > 0:09:11for London and the Treasury, but to London's businesses and
0:09:11 > 0:09:14Londoners themselves, is fantastic.
0:09:14 > 0:09:16Crossrail 2 will run from south-west London and Surrey through
0:09:16 > 0:09:19the capital to Hertfordshire.
0:09:19 > 0:09:20Today the government seemed positive.
0:09:20 > 0:09:22Do you think it will happen?
0:09:22 > 0:09:26Yes, I believe it will.
0:09:26 > 0:09:28They are specific challenges across the network in
0:09:28 > 0:09:30London that still remain.
0:09:30 > 0:09:36Crossrail 2 has the ability to solve a number of them.
0:09:36 > 0:09:38We need to ensure that Crossrail 2 tackles the challenges that most
0:09:38 > 0:09:41need to be tackled here in London.
0:09:41 > 0:09:44As this huge engineering project enters its final stages,
0:09:44 > 0:09:46to match London's growth, the capital is already looking
0:09:46 > 0:09:49at new infrastructure.
0:09:49 > 0:09:51The challenge, as it was initially on Crossrail, is funding.
0:09:52 > 0:09:55Tom Edwards, BBC London News.
0:09:55 > 0:09:59That's it for now from me, but let's find out what the weather's up
0:09:59 > 0:10:00to with Elizabeth Rizzini.
0:10:03 > 0:10:10We had a very pretty, fiery sunset today which you might have seen and
0:10:10 > 0:10:15we started this morning with some fog and frost. No such problems
0:10:15 > 0:10:19tonight, it will be very mild and we might have a bit of hill fog but 20
0:10:19 > 0:10:25of cloud into tomorrow morning. -- plenty of cloud. It should stay mild
0:10:25 > 0:10:31for the rest of the week, dry with some drizzle, possibly some rain on
0:10:31 > 0:10:34Wednesday night and Thursday morning and plenty of cloud and it will feel
0:10:34 > 0:10:38quite grotty and great for much of the week. Overnight tonight, the
0:10:38 > 0:10:43milder air comes in from the West so weak start tomorrow with rising
0:10:43 > 0:10:46temperatures, between six and eight Celsius, a big difference from this
0:10:46 > 0:10:52morning and tomorrow, you will not see the colours changing that much
0:10:52 > 0:10:55because it will stay grey and cloudy for much of the date but it will be
0:10:55 > 0:11:00mild with temperatures up to ten or 11 Celsius. It will stay that way
0:11:00 > 0:11:03for the rest of the week, mostly dry