Select Committee
Parliament

Labour's Naz Shah raises the Prevent Programme.

She suggests the counter-terrorism project has been a failure and increased Islamophobia of which "women bear the brunt".

"How does that help build trust?" she asks.

Amber Rudd defends the project and insists that Islamophobia should be seen as a separate issue.

After a six day winning streak against the US greenback, the pound's rally has run out of steam.

As Mark Carney has been giving evidence to the Treasury Select Committee the pound is down 0.7% on the day, at $1.3342.

Mr Carney had indicated to the committee that he would lower interest rates further if necessary.

Image source, Hannah McKay

The UK's banks say they have not decided whether to move operations outside of the UK after Brexit, a top banker has said.

Anthony Browne, chief executive of the British Bankers' Association, told a House of Lords EU committee that banks are pondering moves abroad.

He called for current arrangements to stay as close as possible to those now in place with the European Union.

He said transitional arrangements with the EU were needed.

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Image source, Getty Images

Mark Carney confirms that he has ruled out the use of "helicopter money".

That is, the idea that central banks create new cash and give it directly to citizens to spend on whatever they want. 

But fellow MPC member Gertjan Vlieghe says he is "not happy to rule anything out, including helicopter money".

House of Lords
Parliament

Image source, AFP

Leader of the House of Lords Baroness Evans of Bowes Park tells peers that the government have "begun work to implement the Dubs amendment".

The amendment to the Immigration Act, external, originally put forward by Lord Dubs, requires the government to arrange for the transfer to the UK and support of unaccompanied refugee children from Europe.  

The Conservative peer announces that "discussions are happening with local authorities" and EU leaders in Greece, France and Italy to "speed up the process".

Earlier today Labour peer Lord Dubs, who came to Britain on the Kindertransport programme for Jewish children, criticised the government over the fact no-one had arrived in the UK under a scheme pledged in May.  

House of Lords
Parliament

Baroness Evans of Bowes Park tells peers that the process of leaving the EU "will not be brief and it will not be straightforward".

But many international leaders have agreed to "work with us to make Brexit a success", she says.

The vote to leave the EU showed it "must be a priority to gain more control on the numbers of people who come here form abroad", she adds. 

House of Commons
Parliament

Conservative David TC Davies begins by saying he's "very pleased" that industrial strategy is going to be a "key part" of the newly-formed department responsible for energy policy. 

He accepts that climate change does exist and is ongoing, but argues the change over the past 250 years is "not particularly exceptional" and questions the extent to which it is man-made. 

Home Secretary Amber Rudd says a wall to be built in Calais is "not a new initiative". She told the influential Commons Home Affairs Committee it was about making sure the French had the right amount of security to prevent "illegals" trying to get to the UK.

Labour committee member Chuka Umunna commented that the French were inspired by Donald Trump, not the British Government. 

Amber Rudd replied: "Er... I couldn't possibly comment on that." 

Mark Carney has said that the Bank will release a "Market key" in two weeks detailing which firms have purchased bonds as part of its quantitative easing programme.

"What we want to avoid is people arbitraging this for the purposes outside the economy that doesn't do anything for monetary stimulus in this economy," Mr Carney says.

He says he hopes the report will contribute to issuance in sterling bonds.

House of Commons
Parliament

Former Labour leader Ed Miliband is on his feet, and describes Brexit as "the elephant in the room" when it comes to British diplomacy on climate change. 

He adds he understands the prime minister doesn't want a running commentary on Brexit, but that "there's a difference between this and a Trappist vow". 

"We've got to engage in the issues," he continues, "and saying 'Brexit means Brexit' doesn't really solve the problem."

"Britain's ability to be a persuader for greater ambition [on tackling climate change] is endangered by Brexit," he warns. 

Scotland's first minister, Nicola Sturgeon, has called for a "decision-making" role in the UK's Brexit preparations.

In a Holyrood statement, Ms Sturgeon said the Scottish government would not provide "window-dressing in a talking shop".

The UK government is expected to set up a joint ministerial committee to involve the devolved governments in discussions.

But the Brexit secretary, David Davis, has made clear there will not be any "veto" for Scotland, Wales or Northern Ireland.

Ms Sturgeon wants the UK to continue in the EU single market - which she described as the "least worst" outcome.

Leaving the EU she said would be an "extraordinary self-inflicted blow to the UK's competitiveness and it will be compounded if the decision is to leave the single market as well".

The debate in Britain about how and when to leave the European Union continues to interest the press on the continent.

Image source, Getty Images

Mark Carney says that much of what happens to UK-focused asset prices will depend on the decisions Parliament take.

"UK-focused asset prices are going to be crucially important, and we all hope very much positively influenced by the major decisions that Parliament are going to take with respect to our relationship first with Europe and then with the rest of the world, and broader productivity and other strategies that are catalysed by this or are associated with this," he says.

Jeremy Corbyn says only one in five homes sold under the right to buy has been replaced, not one for one as was promised.

Bank of England Governor Mark Carney has said he is "absolutely serene" about the Bank's preparations for the impact from the Brexit vote.

Mr Carney is being questioned by MPs about how the Bank handled the referendum outcome and its decision to cut interest rates to a record low.

The Bank was criticised by Brexit supporters for saying the economy would be hit from a vote to leave the EU.

But Mr Carney said the Bank's decisions had so far been "validated".

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