Will be on the minds of many public sector workers. those recommendations will be subject to negotiation and i don t helpful for me to wade into that. flat negotiation and i don t helpful for me to wade into that. negotiation and i don t helpful for me to wade into that. not saying yes or no to his me to wade into that. not saying yes or no to his rivals me to wade into that. not saying yes or no to his rivals attempt me to wade into that. not saying yes or no to his rivals attempt to - me to wade into that. not saying yes or no to his rivals attempt to end - or no to his rivals attempt to end public sector strikes. or no to his rivals attempt to end public sector strikes. today s offer is final. public sector strikes. today s offer is final- we public sector strikes. today s offer is final. we will public sector strikes. today s offer is final. we will not public sector strikes. today s offer is final. we will not negotiate - is final. we will not negotiate again is final. we will not negotiate again on is final. we will not negotiate again on this year s settlements and no amount again on this year s settlements and no amount of strikes will change our decision no amount of strikes will change our decision. ., ,., ., no amount of strikes will change our decision. ., ., , ., , decision. labour will not promise noodies decision. labour will not promise goodies for decision. labour will not promise goodies for all. decision. labour will not promise goodies for all. nothing - decision. labour will not promise goodies for all. nothing tighter l goodies for all. nothing tighter than his grip on the cheque book. instead, he promises change. as he joins us this morning, what does keir starmer mean by reform or bust? he is here for ourfinal big interview before the summer break. keir starmer is life. the trade secretary who also wanted to be the prime minister kemi badenochjoins us from new zealand where she s just signed us up to one of the biggest trading blocs in the world. and forget wimbledon what about the women s football world cup?
Brexit vote in 2016 and ensuing chaos, and polarisation, i do not think the feel they can come out and say that at the moment. although it is quite clear now the poll are moving clearly in the direction of having rejected the idea that we should have left the european union. to put this into context, i am reading a book at the moment from a friend of mine from the united states, within a few years, 40% of the world population will live within four blocks, india will be the biggest by population, china, the biggest by population, china, the european union and the usa. that is 40% of the world population in those blocks. and they are if you look at the economic statistics, they are increasingly becoming internalised trading blocs. they are
These are some of the people we met over the course of a few months and this is how it took shape, the documentary. the documentary is flooding this weekend on the bbc news. thank you to nick for that. plenty more on that on the bbc website if you want to take a look. we will be here for another hour. we are watching very closely a tentative decision that is pending at the us supreme court. they have to determine whether that widely used abortion drug can stay on the shelves. it s the most common method of ending a pregnancy in the us. it accounts for more than half the abortions in the country. it s a seismic decision that the supreme court is taking. the biggest decision they ve taken since they overturned roe versus wade. we have our panelists coming up this evening to trade experts. we will get into an issue we ve discussed on the programme before, a deep dive into whether the world is actually splitting into two trading blocs. what does that mean for currency, for politics and for policy? big implications for that and of course
Solutions before coming to the wto. the wto dispute system is therefore all members to use but what we are really saying, before coming to the formal system wto rules provide for members to dialogue to have third party mediation or arbitration to this try to solve the problem. es, arbitration to this try to solve the problem. a lot of exerts solve the problem. a lot of exoerts say solve the problem. a lot of experts say of solve the problem. a lot of experts say of the - solve the problem. a lot of experts say of the world i solve the problem. a lot of. experts say of the world gets polarised in terms of trading blocs and trade wars, that will essentially mean wto will become an effective as an institution? is that a concern for you? institution? is that a concern for ou? ., , , ., for you? no, in the sense that i don t for you? no, in the sense that i don t think for you? no, in the sense that i don t think the for you? no, in the sense that l don t think the wro - for you? no, in the sense that l don t think the wro will- i don t think the wto will become an effective, is a concern for me is the polarisation and fragmentation. let me say why we have done work at the wto to simulate what would happen the world became polarised or broken into two trading blocs, it shows there would be a 5% loss in global gdp in the longer term.
Number of cases, 124, since the system was put in place. and they ve been pleased with the rulings they got from many of them. they also have the largest number of cases brought against them, 157. so, if the place is not given some satisfaction, why are members still using it? so, look, it is normal, it is normal that when a ruling comes, you know, it may not please the member. that does not mean that the wto or the systems, you know, don t render service and that the members don t appreciate it. they actually do. if the world didn t have the wto, it would really be problematic, because then it would be might and power. you know, there would be. trade would be a free for all. and that is why it was made in the first place. secondly, if the world fragments into separate trading blocs, we ve actually done work here at the wto that shows it to be extremely costly for the world.
Secondly, if the world fragments into separate trading blocs, we ve actually done work here at the wto that shows it to be extremely costly for the world. yeah, i think your calculations were that if these rival trading blocs emerge, it could cost the world roughly 5% of global gdp. that s an extraordinary figure. the problem you ve got right now is that the mechanisms that exist here at the wto to try and enforce fair trade policy across the world, the mechanisms are paralysed, and they re paralysed chiefly because the united states has for years now refused to allow the appointment of newjudges to your appeals body. and without those judges, the appeals body cannot work. and without the appeals body, you, as the arbiter of global trade, cannot properly function. how are you going to get out of this problem? stephen, i disagree, so let me share with you what is happening.
They also have the largest number of cases brought against them, 157. so, if the place is not given some satisfaction, why are members still using it? so, look, it is normal, it is normal that when a ruling comes, you know, it may not please the member. that does not mean that the wto or the systems, you know, don t render service and that the members don t appreciate it. they actually do. if the world didn t have the wto, it would really be problematic, because then it would be might and power. you know, there would be. trade would be a free for all. and that is why it was made in the first place. secondly, if the world fragments into separate trading blocs, we ve actually done work here at the wto that shows it to be extremely costly for the world. yeah, i think your calculations were that if these rival trading blocs emerge, it could cost the world roughly 5% of global gdp.
So, look, it is normal, it is normal that when a ruling comes, you know, it may not please the member. that does not mean that the wto or the systems, you know, don t render service and that the members don t appreciate it. they actually do. if the world didn t have the wto, it would really be problematic, because then it would be might and power. you know, there would be. trade would be a free for all. and that is why it was made in the first place. secondly, if the world fragments into separate trading blocs, we ve actually done work here at the wto that shows it to be extremely costly for the world. yeah, i think your calculations were that if these rival trading blocs emerge, it could cost the world roughly 5% of global gdp. that s an extraordinary figure. the problem you ve got right now is that the mechanisms that exist here at the wto to try and enforce fair trade policy across the world,
They have brought the largest number of cases, 124, since the system was put in place. and they ve been pleased with the rulings they got from many of them. they also have the largest number of cases brought against them, 157. so, if the place is not given some satisfaction, why are members still using it? so, look, it is normal, it is normal that when a ruling comes, you know, it may not please the member. that does not mean that the wto or the systems, you know, don t render service and that the members don t appreciate it. they actually do. if the world didn t have the wto, it would really be problematic, because then it would be might and power. you know, there would be. trade would be a free for all. and that is why it was made in the first place. secondly, if the world fragments into separate trading trading blocs, we ve actually done work here at the wto that
Economic policies. that failure to work together has also been reflected in the rise of trade barriers that limit global economic growth. protectionism. decoupling. fragmentation is very disruptive, and that would be very costly. we have actually calculated at the wto that if we break into two trading blocs, it will cost the world a loss in global gdp of 5% in the longer term. this is huge. so the global economy, it faces a delicate balancing act to get through 2023. and if you re in charge of the world s biggest sovereign wealth fund, well, it might give you a bit of a headache as you try to work outjust how you can make that money grow. well, norway s government pension fund global, it s worth around $1.3 trillion, which means