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Live: G20 Summit Live: G20 Summit
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Welcome to our live coverage of the G20 summit in London, where world leaders are meeting in an attempt to agree solutions to the global economic crisis amid widespread protests. We will be bringing you news, insights from BBC correspondents, some of your e-mails and Twitter, as well as the best of the blogs.Welcome to our live coverage of the G20 summit in London, where world leaders are meeting in an attempt to agree solutions to the global economic crisis amid widespread protests. We will be bringing you news, insights from BBC correspondents, some of your e-mails and Twitter, as well as the best of the blogs.
1300The BBC's Robert Peston blogs: The Special Drawing Rights increase is big stuff - and I haven't properly explained the significance. The record $250bn increase in SDRs is shared between all IMF countries, broadly according to their size (on a quota basis). The increase boosts every country's reserves and thus their liquidity. It's particularly valuable for cash-strapped poorer countries or emerging economies. But it's really the equivalent of creating money for all economies, including ours, or for the global economy. Read Peston's Picks.
1257 The G20 leaders are also said to have agreed an increase in the Special Drawing Rights (SDRs) made available by the IMF, which can be converted by national governments into currency to provide a swift injection of liquidity and confidence into their economies.
1255 The European Central Bank has cut its main interest rate by a quarter of a percent to 1.25%. It is the sixth cut since October. The bank is responding to the economic downturn, which has seen unemployment in EU countries which use the euro at a three-year high. Most analysts had been expecting a larger rate cut.1255 The European Central Bank has cut its main interest rate by a quarter of a percent to 1.25%. It is the sixth cut since October. The bank is responding to the economic downturn, which has seen unemployment in EU countries which use the euro at a three-year high. Most analysts had been expecting a larger rate cut.
1248World leaders are still locked in talks trying to reach a deal on a recovery plan for the global economy. Latest reports suggest the resources of the International Monetary Fund could be increased to $750bn. But it's not clear if the French president and German chancellor have succeeded in securing tougher rules on financial regulation.1248World leaders are still locked in talks trying to reach a deal on a recovery plan for the global economy. Latest reports suggest the resources of the International Monetary Fund could be increased to $750bn. But it's not clear if the French president and German chancellor have succeeded in securing tougher rules on financial regulation.
1243The BBC's Robert Peston blogs: The amount of trade credit being promised is $200bn (up from the $100bn minimum pledged in the finance ministers' summit last month). Read Peston's Picks. 1243The BBC's Robert Peston blogs: The amount of trade credit being promised is $200bn (up from the $100bn minimum pledged in the finance ministers' summit last month). Read Peston's Picks.
1240The BBC's Stephanie Flanders blogs: The official explanation is that Mr Harper was in the bathroom, but given what I said yesterday about Canada's squeaky clean record I suspect foul play. They'll be putting him behind a pot plant for the next one... More at Stephanomics. 1240The BBC's Stephanie Flanders blogs: The official explanation is that Mr Harper was in the bathroom, but given what I said yesterday about Canada's squeaky clean record I suspect foul play. They'll be putting him behind a pot plant for the next one... More at Stephanomics.
1228BBC economics producer Stephanie McGovern says: The "family photo" of the G20 is now being taken again after the Canadian Prime Minister, Stephen Harper, missed it. Apparently, he was in the loo and nobody seemed to notice!1228BBC economics producer Stephanie McGovern says: The "family photo" of the G20 is now being taken again after the Canadian Prime Minister, Stephen Harper, missed it. Apparently, he was in the loo and nobody seemed to notice!
Can you guess where Stephen Harper was mean to stand in the 'family photo'?1225 UK Chancellor Alistair Darling tells the BBC the talks so far have been "pretty constructive". He says he expects an agreement to be reached on increasing trade guarantees to about $250bn (£171bn), which would be a "big help" to getting world trade moving again. "For a recovery to happen, in here and other parts of the world, we need world trade to be going on - but I think that's one indication of where there's a determination amongst all the 20 countries here to act together," he says.Can you guess where Stephen Harper was mean to stand in the 'family photo'?1225 UK Chancellor Alistair Darling tells the BBC the talks so far have been "pretty constructive". He says he expects an agreement to be reached on increasing trade guarantees to about $250bn (£171bn), which would be a "big help" to getting world trade moving again. "For a recovery to happen, in here and other parts of the world, we need world trade to be going on - but I think that's one indication of where there's a determination amongst all the 20 countries here to act together," he says.
Alistair Darling says agreement on trade guarantees has been reached
1216French free-climber Alain "Spiderman" Robert has attempted to scale the Lloyds building in the City of London as part of a protest. He unfurled a banner and has now returned to the ground.1216French free-climber Alain "Spiderman" Robert has attempted to scale the Lloyds building in the City of London as part of a protest. He unfurled a banner and has now returned to the ground.
1205 The Independent Police Complaints Commission (IPCC) says it is to "assess" the death of man at a G20 demonstration in London on Wednesday. Investigators will be examining CCTV footage and attending the post-mortem this afternoon, it says in a statement.1205 The Independent Police Complaints Commission (IPCC) says it is to "assess" the death of man at a G20 demonstration in London on Wednesday. Investigators will be examining CCTV footage and attending the post-mortem this afternoon, it says in a statement.
1152The BBC's Dominic Casciani says:I've seen more people turn out to oppose a Tesco supermarket's planning application. This multi-cause demonstration consists of a bloke dressed as a gorilla, various left-wing groups, a polite Ethiopian group and a smattering of NGOs. There is a young woman in a nice sloaney hat gamely struggling under the weight of Socialist Worker banners because she can't find enough people to take them off her hands. Can the G20 see the demo? Let's put it this way: if that famous smoker Barack Obama gets a ciggie break, and if it's up on the roof of Excel, and if he just happens to be looking through some binoculars possibly borrowed from his Secret Service detail, he might just might see a flag half a mile away (subject to the mist).1152The BBC's Dominic Casciani says:I've seen more people turn out to oppose a Tesco supermarket's planning application. This multi-cause demonstration consists of a bloke dressed as a gorilla, various left-wing groups, a polite Ethiopian group and a smattering of NGOs. There is a young woman in a nice sloaney hat gamely struggling under the weight of Socialist Worker banners because she can't find enough people to take them off her hands. Can the G20 see the demo? Let's put it this way: if that famous smoker Barack Obama gets a ciggie break, and if it's up on the roof of Excel, and if he just happens to be looking through some binoculars possibly borrowed from his Secret Service detail, he might just might see a flag half a mile away (subject to the mist).
1155 The chairman of the Commission of the African Union, Jean Ping, tells the BBC that he would be making the case for a sell-off of the IMF's gold reserves to provide money for Africa. "We are not asking countries to put their hands in their pockets and give us money because they've promised, promised, promised and done nothing," he says. "[The measure] could be put in place quickly and we could have the money straight away."1155 The chairman of the Commission of the African Union, Jean Ping, tells the BBC that he would be making the case for a sell-off of the IMF's gold reserves to provide money for Africa. "We are not asking countries to put their hands in their pockets and give us money because they've promised, promised, promised and done nothing," he says. "[The measure] could be put in place quickly and we could have the money straight away."
1150 If the increase of the IMF's resources by $500bn is agreed, that would effectively triple the amount of resources the institution has to lend to countries in financial difficulty. Some countries, including Japan, the US and the European Union, have already said they will contribute around $100bn each to the fund.1150 If the increase of the IMF's resources by $500bn is agreed, that would effectively triple the amount of resources the institution has to lend to countries in financial difficulty. Some countries, including Japan, the US and the European Union, have already said they will contribute around $100bn each to the fund.
1140Stuart Fraser from the City of London Corporation says Wednesday's security operation was a success and the day had a "good carnival atmosphere" on the whole. "The high cost is the price of democracy," he added.1140Stuart Fraser from the City of London Corporation says Wednesday's security operation was a success and the day had a "good carnival atmosphere" on the whole. "The high cost is the price of democracy," he added.
The BBC's Robert Peston blogs: Okay, here's some news (well, sort of). The leaders are close to agreement on the big money questions. There will be a significant increase in the resources of the IMF, the emergency rescue service for ailing economies. The increment in funding for the IMF could be nearer $500bn than the $250bn already pledged as a minimum. Read Peston's Picks. The BBC's Robert Peston blogs: Okay, here's some news (well, sort of). The leaders are close to agreement on the big money questions. There will be a significant increase in the resources of the IMF, the emergency rescue service for ailing economies. The increment in funding for the IMF could be nearer $500bn than the $250bn already pledged as a minimum. Read Peston's Picks.
1137A spokesman for the UN Millennium Campaign tells the BBC it is vital the rich countries represented at the summit keep their aid commitments and that the commitments made today are monitored.1137A spokesman for the UN Millennium Campaign tells the BBC it is vital the rich countries represented at the summit keep their aid commitments and that the commitments made today are monitored.
Gary L, Lincolnshire, UK, says: Whether it's the G20 summit or something else, at least people are talking. Give it a chance before we condemn it. If it achieves little, then condemn it. Have your say Gary L, Lincolnshire, UK, says: Whether it's the G20 summit or something else, at least people are talking. Give it a chance before we condemn it. If it achieves little, then condemn it. Have your say
Jotman, one of the bloggers inside the Excel centre, says he is impressed at the sheer scale of the operation: You could fit two 747 jets inside the media center area of the conference center alone! There are 2,800 journalists and 50 bloggers reporting on the event from inside. Read Jotman's blog Jotman, one of the bloggers inside the Excel centre, says he is impressed at the sheer scale of the operation: You could fit two 747 jets inside the media center area of the conference center alone! There are 2,800 journalists and 50 bloggers reporting on the event from inside. Read Jotman's blog
1130The BBC's Steve Schifferes says: UK Treasury Minister Stephen Timms has said the G20 will definitely introduce sanctions against tax havens - countries which the OECD judges do not comply with rules on financial transparency. He said the only question was the timing of the sanctions - how long countries would have to comply. And he added that the issue was not a red herring because many of the toxic assets that caused the financial meltdown were concealed in such tax havens. The strong line will please the French and Germans.1130The BBC's Steve Schifferes says: UK Treasury Minister Stephen Timms has said the G20 will definitely introduce sanctions against tax havens - countries which the OECD judges do not comply with rules on financial transparency. He said the only question was the timing of the sanctions - how long countries would have to comply. And he added that the issue was not a red herring because many of the toxic assets that caused the financial meltdown were concealed in such tax havens. The strong line will please the French and Germans.
BBC Europe editor Mark Mardell blogs: The president of France and chancellor of Germany are delivering a message to London and Washington that will be popular at home. There is a widespread feeling that this crisis was created by a financial system that gave priority to vast profits and the acceptance of immense borrowing of money as a way of life. And that it was clearly marked "made in the USA". But this intercontinental financial missile has devastated their towns and cities and they want economic arms talks right now. Read Mark Mardell's Euroblog. BBC Europe editor Mark Mardell blogs: The president of France and chancellor of Germany are delivering a message to London and Washington that will be popular at home. There is a widespread feeling that this crisis was created by a financial system that gave priority to vast profits and the acceptance of immense borrowing of money as a way of life. And that it was clearly marked "made in the USA". But this intercontinental financial missile has devastated their towns and cities and they want economic arms talks right now. Read Mark Mardell's Euroblog.
1122The BBC's Dominic Casciani texts: At G20 trying and failing to get anywhere near Excel Centre. Perimeter lockdown is extraordinary. Been around the same roundabout three times. Good news for the cabbie!1122The BBC's Dominic Casciani texts: At G20 trying and failing to get anywhere near Excel Centre. Perimeter lockdown is extraordinary. Been around the same roundabout three times. Good news for the cabbie!
1115UK Secretary of State for International Development Douglas Alexander tells the BBC that agreement of co-ordinated fiscal action, and tougher and more transparent regulation would send a powerful and significant signal to world markets.1115UK Secretary of State for International Development Douglas Alexander tells the BBC that agreement of co-ordinated fiscal action, and tougher and more transparent regulation would send a powerful and significant signal to world markets.
1115The BBC's Ben Brown outside the Excel Centre says: There's room for between 5,000 and 6,000 protesters. Police have been surprised that there are only about 200 protesters here at the moment. One policeman suggested anarchists did not get up very early.1115The BBC's Ben Brown outside the Excel Centre says: There's room for between 5,000 and 6,000 protesters. Police have been surprised that there are only about 200 protesters here at the moment. One policeman suggested anarchists did not get up very early.
1108BBC business correspondent John Moylan says:If measures are implemented with unity and confidence, there's a good chance of a short, sharp slowdown rather than a long and prolonged one.1108BBC business correspondent John Moylan says:If measures are implemented with unity and confidence, there's a good chance of a short, sharp slowdown rather than a long and prolonged one.
1100 Mark Malloch Brown, a UK foreign office minister and senior negotiator for the British government, at the summit tells the BBC there is "a lot of drama and hard work ahead during the rest of this morning". "It's nearly there but I think politicians and leaders have arrived with so much vested in this, they've got to go home with a success," he says. "There's a lot more political capital caught up in this process than is normal with most summits."1100 Mark Malloch Brown, a UK foreign office minister and senior negotiator for the British government, at the summit tells the BBC there is "a lot of drama and hard work ahead during the rest of this morning". "It's nearly there but I think politicians and leaders have arrived with so much vested in this, they've got to go home with a success," he says. "There's a lot more political capital caught up in this process than is normal with most summits."
1056It's straight down to business as Gordon Brown opens by outlining the work plan for the next few hours. The BBC's Robert Peston says the broad message of the prime minister's statement is that the leaders will all say that the erection of barriers to trade will be resisted at all costs.1056It's straight down to business as Gordon Brown opens by outlining the work plan for the next few hours. The BBC's Robert Peston says the broad message of the prime minister's statement is that the leaders will all say that the erection of barriers to trade will be resisted at all costs.
1052UK Prime Minister Gordon Brown, with Barack Obama to his right and UK Chancellor Alistair Darling to his left, is poised to make his opening statement.1052UK Prime Minister Gordon Brown, with Barack Obama to his right and UK Chancellor Alistair Darling to his left, is poised to make his opening statement.
1049The leaders are starting to take their seats. Others are still working the room as TV cameras continue to roll.1049The leaders are starting to take their seats. Others are still working the room as TV cameras continue to roll.
1048The BBC's Steve Schifferes at the Excel centre says: A massive media scrum of photographers, journalists and cameramen surrounds Bob Geldof as he arrives at the summit to urge it to give more help to Africa. He says that the real problem is that the poorest 50% are so underrepresented at gatherings like the G20. He urges a $50bn stimulus plan for Africa. Only one of the G20 countries (South Africa) is from that region.1048The BBC's Steve Schifferes at the Excel centre says: A massive media scrum of photographers, journalists and cameramen surrounds Bob Geldof as he arrives at the summit to urge it to give more help to Africa. He says that the real problem is that the poorest 50% are so underrepresented at gatherings like the G20. He urges a $50bn stimulus plan for Africa. Only one of the G20 countries (South Africa) is from that region.
The BBC's Dominic Casciani outside the Bank of England, says: It's clean-up day. Workers are slowly putting things right here. The traffic is slowing and life is returning to normal, as gardeners replant the box hedging and clear away the trampled daffodils. The statue of Wellington resplendent upon a horse is covered with graffiti, but that's about to be washed.The BBC's Dominic Casciani outside the Bank of England, says: It's clean-up day. Workers are slowly putting things right here. The traffic is slowing and life is returning to normal, as gardeners replant the box hedging and clear away the trampled daffodils. The statue of Wellington resplendent upon a horse is covered with graffiti, but that's about to be washed.
1035Gordon Brown is flanked by Brazil and China's leaders. Germany and France hover on the sidelines. The photographers are given five seconds at the most to get their shot.1035Gordon Brown is flanked by Brazil and China's leaders. Germany and France hover on the sidelines. The photographers are given five seconds at the most to get their shot.
1034G20 leaders gather for a team photo. Body language experts have their eyes peeled.1034G20 leaders gather for a team photo. Body language experts have their eyes peeled.
1033The BBC's Claire Bolderson says: All the leaders are assembling for what they call a family photo, a photo of them all before they start talking. Any minute after that we are going to get opening statements from the British Prime Minister, Gordon Brown, and that's when the talking actually starts.1033The BBC's Claire Bolderson says: All the leaders are assembling for what they call a family photo, a photo of them all before they start talking. Any minute after that we are going to get opening statements from the British Prime Minister, Gordon Brown, and that's when the talking actually starts.
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G20 leaders gather for the traditional 'family photo'G20 leaders gather for the traditional 'family photo'
1032Dan Price, a former assistant to President George W Bush for international economic affairs, tells the BBC he thinks there will be a combination of statements of principle and some concrete details at the summit. "These could include enhancing the resources of the IMF and firm action on pushing back against protectionism," he adds.1032Dan Price, a former assistant to President George W Bush for international economic affairs, tells the BBC he thinks there will be a combination of statements of principle and some concrete details at the summit. "These could include enhancing the resources of the IMF and firm action on pushing back against protectionism," he adds.
1030 World Bank President Robert Zoellick tells the BBC that it has just issued a new forecast which predicts a global economic contraction of 1.7%. "We haven't seen numbers like that since World War II - that really means the Great Depression," he says. "We believe that the lower growth will lead to some 200,000 to 400,000 babies dying this year. So the overall effects are dramatic."1030 World Bank President Robert Zoellick tells the BBC that it has just issued a new forecast which predicts a global economic contraction of 1.7%. "We haven't seen numbers like that since World War II - that really means the Great Depression," he says. "We believe that the lower growth will lead to some 200,000 to 400,000 babies dying this year. So the overall effects are dramatic."
The World Bank's Robert Zoellick on the scale of the crisisThe World Bank's Robert Zoellick on the scale of the crisis
1019The BBC's Dominic Casciani at the London Stock Exchange texts: No more protest here. Alternative monopoly players gone home saying they need a sit down and a nice cup of tea.1019The BBC's Dominic Casciani at the London Stock Exchange texts: No more protest here. Alternative monopoly players gone home saying they need a sit down and a nice cup of tea.
1014The BBC's Ben Brown says: The protest outside the Excel Centre has a very different flavour from Wednesday's. One banner on display belongs to the African People's Socialist Society, while another demands: "Stop silent genocide in DR Congo".1014The BBC's Ben Brown says: The protest outside the Excel Centre has a very different flavour from Wednesday's. One banner on display belongs to the African People's Socialist Society, while another demands: "Stop silent genocide in DR Congo".
1013 When asked about the mood among the G20 leaders, BBC business editor Robert Peston says: "They're all rather jolly from what I can gather. I get the sense that the supposedly intractable issue of tax havens has been sorted."1013 When asked about the mood among the G20 leaders, BBC business editor Robert Peston says: "They're all rather jolly from what I can gather. I get the sense that the supposedly intractable issue of tax havens has been sorted."
1008Talks are scheduled to begin at 1025 with the summit host, Gordon Brown, making the opening speech. After three hours, lunch will be served. Then, leaders will hopefully put the finishing touches to the final communique during another hour of discussion, before a closing press conference due at 1530.Opakunle Raphael Abayomi, Nigeria, says: Jobs have been lost, people have cut their spending, demand has shrunk, remittance to third world countries has noticed a significant decline. The G20 protesters should be patient so that a lasting solution will be provided. Have your say 1008Talks are scheduled to begin at 1025 with the summit host, Gordon Brown, making the opening speech. After three hours, lunch will be served. Then, leaders will hopefully put the finishing touches to the final communique during another hour of discussion, before a closing press conference due at 1530.Opakunle Raphael Abayomi, Nigeria, says: Jobs have been lost, people have cut their spending, demand has shrunk, remittance to third world countries has noticed a significant decline. The G20 protesters should be patient so that a lasting solution will be provided. Have your say
1000 The world's main industrial and developing nations, the G20, have begun a summit in London aimed at rescuing the global economy from its worst crisis since the 1930s. Leaders are discussing what is expected to be an agreement to tighten controls on banks and other financial institutions. France and Germany in particular are pressing for a tough regulatory system to prevent any repeat of the crisis. There are also proposals to act against tax havens. The UK and US have emphasised the need for further stimulus measures.1000 The world's main industrial and developing nations, the G20, have begun a summit in London aimed at rescuing the global economy from its worst crisis since the 1930s. Leaders are discussing what is expected to be an agreement to tighten controls on banks and other financial institutions. France and Germany in particular are pressing for a tough regulatory system to prevent any repeat of the crisis. There are also proposals to act against tax havens. The UK and US have emphasised the need for further stimulus measures.
0953George Parker, of the Financial Times, tells the BBC that the British public are not worried whether this summit will boost Gordon Brown's popularity. Instead, he says, they want to know whether the world will turns towards protectionism.0953George Parker, of the Financial Times, tells the BBC that the British public are not worried whether this summit will boost Gordon Brown's popularity. Instead, he says, they want to know whether the world will turns towards protectionism.
0950 South African President Kgalema Motlanthe tells the BBC he wants developing economies to be given extra help at the summit. "We are here to put across the position of the developing world, particularly with regards to the need to protect jobs because it's the impact on the real economy which affects ordinary working people," he says. "And, therefore, if we're to find an everlasting solution we must develop a response that is inclusive of working people."0950 South African President Kgalema Motlanthe tells the BBC he wants developing economies to be given extra help at the summit. "We are here to put across the position of the developing world, particularly with regards to the need to protect jobs because it's the impact on the real economy which affects ordinary working people," he says. "And, therefore, if we're to find an everlasting solution we must develop a response that is inclusive of working people."
0945A Bank of England report says the credit crunch is showing signs of easing, with lenders indicating they will make more credit available to individuals and businesses in the coming three months.0945A Bank of England report says the credit crunch is showing signs of easing, with lenders indicating they will make more credit available to individuals and businesses in the coming three months.
0943 European Commission President Jose Manuel Barroso tells the BBC he thinks differences between the G20 leaders are not as marked as they may seem. "There is a real willingness to have convergence at the end of this summit and so I really believe that at the end we'll have a consensus around the two points that sometimes appear as differences: the stimulus of the economy and regulation," he says.0943 European Commission President Jose Manuel Barroso tells the BBC he thinks differences between the G20 leaders are not as marked as they may seem. "There is a real willingness to have convergence at the end of this summit and so I really believe that at the end we'll have a consensus around the two points that sometimes appear as differences: the stimulus of the economy and regulation," he says.
Jose Manuel Barroso says it is essential for the summit to strike a balance between confidence and regulationJose Manuel Barroso says it is essential for the summit to strike a balance between confidence and regulation
0934US President Barack Obama has a busy day ahead of him. As well as the summit talks, he is holding bilateral meetings with the leaders of South Korea, India and Saudi Arabia. He is cramming all that in before a press conference at 1745.0934US President Barack Obama has a busy day ahead of him. As well as the summit talks, he is holding bilateral meetings with the leaders of South Korea, India and Saudi Arabia. He is cramming all that in before a press conference at 1745.
The BBC's Robert Peston blogs: The message of the UK's business secretary is that Prime Minister Gordon Brown is being "greedy" - greedy for massive additional resources for the IMF for bailing out beleaguered economies; greedy for hundreds of billions of commitments to finance drooping world trade; greedy for a substantial injection of funds into poorer developing nations. Read Peston's Picks. The BBC's Robert Peston blogs: The message of the UK's business secretary is that Prime Minister Gordon Brown is being "greedy" - greedy for massive additional resources for the IMF for bailing out beleaguered economies; greedy for hundreds of billions of commitments to finance drooping world trade; greedy for a substantial injection of funds into poorer developing nations. Read Peston's Picks.
The BBC's Robert Peston talks to Lord MandelsonThe BBC's Robert Peston talks to Lord Mandelson
0920The working breakfast is well under way. Once the last of the croissants is polished off, there will be a group photo of the leaders. The event is scheduled for 0935, but the summit is running late.Tim tweets: The demonstration at London Stock Exchange is pretty pathetic. Even the dwindling number of protesters look bored. Read Tim's tweets. 0920The working breakfast is well under way. Once the last of the croissants is polished off, there will be a group photo of the leaders. The event is scheduled for 0935, but the summit is running late.Tim tweets: The demonstration at London Stock Exchange is pretty pathetic. Even the dwindling number of protesters look bored. Read Tim's tweets.
0916The BBC's Rob Broomby, who is outside the summit venue, says: There's a handful of protesters here, maybe 10 at the most. They're been kept back by a ring of steel. There's every hope there will be no repetition to the kinds of scenes we saw in the City of London on Wednesday. We can even see police in boats out on the Royal Victoria dock - nobody's going to get anywhere near.0916The BBC's Rob Broomby, who is outside the summit venue, says: There's a handful of protesters here, maybe 10 at the most. They're been kept back by a ring of steel. There's every hope there will be no repetition to the kinds of scenes we saw in the City of London on Wednesday. We can even see police in boats out on the Royal Victoria dock - nobody's going to get anywhere near.
The BBC's Robert Hall explains how police are stopping protesters reaching the Excel CentreThe BBC's Robert Hall explains how police are stopping protesters reaching the Excel Centre
0913The BBC's Richard Westcott outside the London Stock Exchange says: The protest planned for 0700 in the City of London is getting off to a late start. Only 40 demonstrators have made it out so far. Looks like some of the protesters needed a lie-in.0913The BBC's Richard Westcott outside the London Stock Exchange says: The protest planned for 0700 in the City of London is getting off to a late start. Only 40 demonstrators have made it out so far. Looks like some of the protesters needed a lie-in.
0910 UK house prices rose for the first time in 16 months during March, according to the latest survey from the Nationwide building society. They were up by 0.9%. However, officials say it is too early to talk of a sustained recovery in the housing market.0910 UK house prices rose for the first time in 16 months during March, according to the latest survey from the Nationwide building society. They were up by 0.9%. However, officials say it is too early to talk of a sustained recovery in the housing market.
0906BBC business correspondent John Moylan says about four or five drafts of the final communique are currently being circulated.0906BBC business correspondent John Moylan says about four or five drafts of the final communique are currently being circulated.
0905 Lord Mandelson says that three outstanding issues at the summit are trade finance, funding for the International Monetary Fund (IMF) and tax havens. He says that we will need to wait and see on the language on the fiscal stimulus packages. He adds off camera that Prime Minister Gordon Brown wants bigger numbers on all of these matters, reports the BBC's Steve Schifferes.0905 Lord Mandelson says that three outstanding issues at the summit are trade finance, funding for the International Monetary Fund (IMF) and tax havens. He says that we will need to wait and see on the language on the fiscal stimulus packages. He adds off camera that Prime Minister Gordon Brown wants bigger numbers on all of these matters, reports the BBC's Steve Schifferes.
0903The UK's Business Secretary, Lord Mandelson, tells the BBC there is nothing manufactured about the reported disagreements among G20 leaders: "I wish they were manufactured, then they would be easily ironed out but they have persisted overnight," he says.0903The UK's Business Secretary, Lord Mandelson, tells the BBC there is nothing manufactured about the reported disagreements among G20 leaders: "I wish they were manufactured, then they would be easily ironed out but they have persisted overnight," he says.
0902 UK Treasury sources have revealed that agreement has been reached with the tax haven of Liechtenstein to co-operate over tax disclosure with other authorities, reports the BBC's Hugh Pym at the Excel Centre. British officials visited Liechtenstein yesterday to discuss how this might be implemented. Our correspondent says this agreement will feature as part of the final summit communique, in which a crackdown on tax havens will feature strongly.0902 UK Treasury sources have revealed that agreement has been reached with the tax haven of Liechtenstein to co-operate over tax disclosure with other authorities, reports the BBC's Hugh Pym at the Excel Centre. British officials visited Liechtenstein yesterday to discuss how this might be implemented. Our correspondent says this agreement will feature as part of the final summit communique, in which a crackdown on tax havens will feature strongly.
The BBC's Robert Peston blogs: Thank goodness for le president, M Sarkozy. His tantrum yesterday, his near-threat that he would stomp out if the excesses of Anglo-American financial capitalism aren't definitively tamed, created the almost convincing impression that the stuff which really matters in today's communique hasn't been stitched up and choreographed in the preceding days by diligent officials. Read Peston's Picks The BBC's Robert Peston blogs: Thank goodness for le president, M Sarkozy. His tantrum yesterday, his near-threat that he would stomp out if the excesses of Anglo-American financial capitalism aren't definitively tamed, created the almost convincing impression that the stuff which really matters in today's communique hasn't been stitched up and choreographed in the preceding days by diligent officials. Read Peston's Picks
The BBC's Robert Peston on whether chaos for G20 journalists this morning could sour reporting of the summitThe BBC's Robert Peston on whether chaos for G20 journalists this morning could sour reporting of the summit
PCMyrs, Tonbridge, UK, says: Get a grip on financial regulation! Hedge funds, short selling, spread betting, leveraged buyouts must be curtailed. Regulate them hard! Better, ban them! Have your say PCMyrs, Tonbridge, UK, says: Get a grip on financial regulation! Hedge funds, short selling, spread betting, leveraged buyouts must be curtailed. Regulate them hard! Better, ban them! Have your say
Diana Atkin, Canada, says: The only thing the G20 should achieve is that in future there should be no sole world economic power shaping global economics. Have your say Diana Atkin, Canada, says: The only thing the G20 should achieve is that in future there should be no sole world economic power shaping global economics. Have your say
The BBC's James Robbins says: Arguments over the balance to be struck between pumping more money into shrunken economies and far tougher rules and restrictions for financial institutions mean the final communique will be worked on word-by-word throughout the summit. The leaders will work around a vast table with 64 seats, while their "sherpas", or chief negotiators, constantly refine and update the joint texts on computer screens in a nearby room.The BBC's James Robbins says: Arguments over the balance to be struck between pumping more money into shrunken economies and far tougher rules and restrictions for financial institutions mean the final communique will be worked on word-by-word throughout the summit. The leaders will work around a vast table with 64 seats, while their "sherpas", or chief negotiators, constantly refine and update the joint texts on computer screens in a nearby room.
0838Canada's Prime Minister, Stephen Harper, is the last to arrive.0838Canada's Prime Minister, Stephen Harper, is the last to arrive.
World leaders arrive at the Excel CentreWorld leaders arrive at the Excel Centre
0833Silvio Berlusconi arrives. The Italian prime minister appears to want to get straight down to business, waving a piece of paper in front of Gordon Brown with some consternation. Not sure what was on it, possibly a newspaper article or the schedule for the day.0833Silvio Berlusconi arrives. The Italian prime minister appears to want to get straight down to business, waving a piece of paper in front of Gordon Brown with some consternation. Not sure what was on it, possibly a newspaper article or the schedule for the day.
The BBC's Andrew Walker says: Mr Sarkozy has been specially vocal in calling for this summit to mark the start of a stronger system of international financial regulation, but German Chancellor Angela Merkel shares his views. Drafts of the communique do include plans to tackle executive pay arrangements that encourage excessively risky trading and to require banks to hold more capital to protect themselves against losses. There is also a proposal to name and apply sanctions to tax havens. But Mr Sarkozy has said that he wants the language on regulation to be tougher.The BBC's Andrew Walker says: Mr Sarkozy has been specially vocal in calling for this summit to mark the start of a stronger system of international financial regulation, but German Chancellor Angela Merkel shares his views. Drafts of the communique do include plans to tackle executive pay arrangements that encourage excessively risky trading and to require banks to hold more capital to protect themselves against losses. There is also a proposal to name and apply sanctions to tax havens. But Mr Sarkozy has said that he wants the language on regulation to be tougher.
0831Nicolas Sarkozy pulls up. Momentary confusion follows over where to stand for the noisy crowd of photographers. There's the odd smile between the French and British leaders, as well as some furrowed brows. "He's always my friend," President Sarkozy says.0831Nicolas Sarkozy pulls up. Momentary confusion follows over where to stand for the noisy crowd of photographers. There's the odd smile between the French and British leaders, as well as some furrowed brows. "He's always my friend," President Sarkozy says.
thecityblog tweets: Monopoly takes shape at the Stock Exchange. Who's going to play the banker? Read thecityblog 's tweets. thecityblog tweets: Monopoly takes shape at the Stock Exchange. Who's going to play the banker? Read thecityblog 's tweets.
Blogger Moorgate Mercurius took this photo of an over-sized monopoly board being used by protesters outside the London Stock Exchange on Monday0826The Brazilian president, Luiz Inacio Lula da Silva, known as Lula back in Brazil, stops for a quick chat with Gordon Brown before posing for the cameras. Ahead of the summit, President Lula said the world's poor should not be forced to pay for the global financial crisis. "It is a crisis caused and encouraged by the irrational behaviour of white people with blue eyes," he said, "who before the crisis appeared to know everything, but are now showing that they know nothing."Blogger Moorgate Mercurius took this photo of an over-sized monopoly board being used by protesters outside the London Stock Exchange on Monday0826The Brazilian president, Luiz Inacio Lula da Silva, known as Lula back in Brazil, stops for a quick chat with Gordon Brown before posing for the cameras. Ahead of the summit, President Lula said the world's poor should not be forced to pay for the global financial crisis. "It is a crisis caused and encouraged by the irrational behaviour of white people with blue eyes," he said, "who before the crisis appeared to know everything, but are now showing that they know nothing."
0822Chinese President Hu Jintao is next in.0822Chinese President Hu Jintao is next in.
0820Angela Merkel, German chancellor and thorn in the side of Gordon Brown, arrives. "I'm the last already?" she asks. "No, no, no..." he mutters.0815A cheerful-looking Dmitry Medvedev, Russia's president, is greeted by Gordon Brown. The British PM must surely be getting jaw and arm ache with all that smiling and handshaking.0812Argentina's President Cristina Fernandez de Kirchner arrives.0820Angela Merkel, German chancellor and thorn in the side of Gordon Brown, arrives. "I'm the last already?" she asks. "No, no, no..." he mutters.0815A cheerful-looking Dmitry Medvedev, Russia's president, is greeted by Gordon Brown. The British PM must surely be getting jaw and arm ache with all that smiling and handshaking.0812Argentina's President Cristina Fernandez de Kirchner arrives.
0810The BBC's Steve Schifferes says: The huge press area at the Excel Centre for the written media - with hundreds of desks - is still mostly deserted. It may be that the security problems around journalists arriving earlier have delayed many journalists who were hoping to arrive earlier. Staff are passing out G20 notepads and pens in compensation.0810The BBC's Steve Schifferes says: The huge press area at the Excel Centre for the written media - with hundreds of desks - is still mostly deserted. It may be that the security problems around journalists arriving earlier have delayed many journalists who were hoping to arrive earlier. Staff are passing out G20 notepads and pens in compensation.
0808Turkish Prime Minister Recep Tayyip Erdogan joins his fellow leaders at the Excel Centre.0808Turkish Prime Minister Recep Tayyip Erdogan joins his fellow leaders at the Excel Centre.
0807Dutch Prime Minister Jan Peter Balkenende and European Commission President Jose Manuel Barroso arrive. But there is still no sign of the German Chancellor, Angela Merkel, or French President Nicolas Sarkozy.0807Dutch Prime Minister Jan Peter Balkenende and European Commission President Jose Manuel Barroso arrive. But there is still no sign of the German Chancellor, Angela Merkel, or French President Nicolas Sarkozy.
0805 The managing director of the International Monetary Fund, Dominique Strauss-Kahn, arrives next. On the eve of the summit, he told the BBC that there was plenty the IMF and world leaders could agree to do. "I think they all understand that this crisis is for a large part a crisis of confidence and they need in their own hand to show leadership," he said.0805 The managing director of the International Monetary Fund, Dominique Strauss-Kahn, arrives next. On the eve of the summit, he told the BBC that there was plenty the IMF and world leaders could agree to do. "I think they all understand that this crisis is for a large part a crisis of confidence and they need in their own hand to show leadership," he said.
0803Indonesian President Susilo Bambang Yudhoyono gets a firm handshake from Britain's leader on arrival.0803Indonesian President Susilo Bambang Yudhoyono gets a firm handshake from Britain's leader on arrival.
0759Next to arrive is the Spanish PM, Jose Luis Rodriguez Zapatero0759Next to arrive is the Spanish PM, Jose Luis Rodriguez Zapatero
0755South Korean President Lee Myung-bak, World Trade Organisation director-general Pascal Lamy, and Indian Prime Minister Manmohan Singh are next in.0755South Korean President Lee Myung-bak, World Trade Organisation director-general Pascal Lamy, and Indian Prime Minister Manmohan Singh are next in.
Eder Medina, Lima, Peru, says: The G20 summit is now the hope of millions of people from all over the world despite the fact that this summit has triggered popular outcry. Have your say Eder Medina, Lima, Peru, says: The G20 summit is now the hope of millions of people from all over the world despite the fact that this summit has triggered popular outcry. Have your say
0751 Australian Prime Minister Kevin Rudd is greeted by Mr Brown.0751 Australian Prime Minister Kevin Rudd is greeted by Mr Brown.
0749World leaders are trickling in, with Japan's Prime Minister Taro Aso the latest to arrive.0749World leaders are trickling in, with Japan's Prime Minister Taro Aso the latest to arrive.
0748The BBC's Richard Westcott says: One man tried to climb a monument in Paternoster Square, not far from the London Stock Exchange until the police stepped in. Other than that, it's quiet there are the moment, with 40 protesters and a game of Monopoly under way.0748The BBC's Richard Westcott says: One man tried to climb a monument in Paternoster Square, not far from the London Stock Exchange until the police stepped in. Other than that, it's quiet there are the moment, with 40 protesters and a game of Monopoly under way.
0746 The Ethiopian Prime Minister, Meles Zenawi, has arrived. Mr Zenawi is leading a delegation from the New Partnership for Africa's Development (Nepad). The African Union is backing international calls for stricter regulation of banks, hedge funds and tax havens and that it is urging the international community to help create a financial stimulus package for Africa, the AFP news agency reports.0746 The Ethiopian Prime Minister, Meles Zenawi, has arrived. Mr Zenawi is leading a delegation from the New Partnership for Africa's Development (Nepad). The African Union is backing international calls for stricter regulation of banks, hedge funds and tax havens and that it is urging the international community to help create a financial stimulus package for Africa, the AFP news agency reports.
0744Mr Obama looks relaxed as he is greeted by the British leader. The two of them flash their smiles for the cameras.0744Mr Obama looks relaxed as he is greeted by the British leader. The two of them flash their smiles for the cameras.
0742US President Barack Obama pulls up outside the venue in "The Beast", his now famous armoured limousine. On Wednesday, he stressed that the world leaders were not going to agree on every point, but said the summit was an opportunity not to be missed.0742US President Barack Obama pulls up outside the venue in "The Beast", his now famous armoured limousine. On Wednesday, he stressed that the world leaders were not going to agree on every point, but said the summit was an opportunity not to be missed.
Barack Obama arrives at the Excel Centre in "The Beast"Barack Obama arrives at the Excel Centre in "The Beast"
0740 UK Prime Minister Gordon Brown arrives with his Thai counterpart, Abhisit Vejjajiva, followed by Czech Prime Minister Mirek Topolanek. The Czech Republic currently holds the EU presidency.0740 UK Prime Minister Gordon Brown arrives with his Thai counterpart, Abhisit Vejjajiva, followed by Czech Prime Minister Mirek Topolanek. The Czech Republic currently holds the EU presidency.
0739The BBC's Philip Hampsheir at the London Stock Exchange says there are 150 police officers outside, about the same number of reporters, and just 15 protesters.0735 So far, Robert Zoellick, president of the World Bank, and Mario Draghi, chairman of the Financial Stability Forum, have arrived.0739The BBC's Philip Hampsheir at the London Stock Exchange says there are 150 police officers outside, about the same number of reporters, and just 15 protesters.0735 So far, Robert Zoellick, president of the World Bank, and Mario Draghi, chairman of the Financial Stability Forum, have arrived.
0730The BBC's Steve Schifferes texts: Media buses in lock-down for head of state arrivals0730The BBC's Steve Schifferes texts: Media buses in lock-down for head of state arrivals
0728The arrival of the leaders is imminent. Reporters are keeping an eye on the sky for Barack Obama flying in by helicopter. Things will kick off with a working breakfast before the talks begin in earnest.The BBC's Bridge Kendall says: Barack Obama's first foray across the Atlantic as US president to bolster ties with Europeans met its first hiccup on Wednesday. The blunt warning from the French and German leaders that they will not back down from demanding tough new rules for banks, hedge funds and tax havens was aimed above all at America. It exposes a deep fault line between countries who back US-style capitalism with its light regulatory touch and those - more critical - who argue now is the time for a radical global overhaul. There is not much time left for Gordon Brown, as host, to ensure he has got them all on board. The summit ends this afternoon with the signing of a joint communique.0728The arrival of the leaders is imminent. Reporters are keeping an eye on the sky for Barack Obama flying in by helicopter. Things will kick off with a working breakfast before the talks begin in earnest.The BBC's Bridge Kendall says: Barack Obama's first foray across the Atlantic as US president to bolster ties with Europeans met its first hiccup on Wednesday. The blunt warning from the French and German leaders that they will not back down from demanding tough new rules for banks, hedge funds and tax havens was aimed above all at America. It exposes a deep fault line between countries who back US-style capitalism with its light regulatory touch and those - more critical - who argue now is the time for a radical global overhaul. There is not much time left for Gordon Brown, as host, to ensure he has got them all on board. The summit ends this afternoon with the signing of a joint communique.
0715The BBC's Peter Machin at ExCel texts: Connaught Bridge leading to ExCel closed. Reason unknown, rumoured to be protester action on bridge. Diversions.0715The BBC's Peter Machin at ExCel texts: Connaught Bridge leading to ExCel closed. Reason unknown, rumoured to be protester action on bridge. Diversions.
Paul, Manchester, UK, says: What do the protesters think the world leaders are 'in town' to do? They are here to find answers and resolve the issues. Protesting is not helping, it's just causing problems, heightening security risks and generally wasting the tax payers' money. Have your say Paul, Manchester, UK, says: What do the protesters think the world leaders are 'in town' to do? They are here to find answers and resolve the issues. Protesting is not helping, it's just causing problems, heightening security risks and generally wasting the tax payers' money. Have your say
Evie, Canterbury UK, says: I was at the protests because I believe that the leaders meeting at this summit aren't going to come up with solutions that will solve the problems we are facing in the world today. I can only hope that we aren't totally dismissed. Have your say Evie, Canterbury UK, says: I was at the protests because I believe that the leaders meeting at this summit aren't going to come up with solutions that will solve the problems we are facing in the world today. I can only hope that we aren't totally dismissed. Have your say
0655BBC chief economics correspondent Hugh Pym says: We had a rendezvous in a desolate car park at 0530 this morning to get the press bus, followed by a bizarre journey around Docklands to the media accreditation centre. Then another bus journey through a bleak landscape to an underground car park. Finally, we entered the vast ExCel Centre, where we were given coffee and bacon butties. Life's not so bad. I've just heard that some buses have been held up, delaying other journalists. At least I am in.0655BBC chief economics correspondent Hugh Pym says: We had a rendezvous in a desolate car park at 0530 this morning to get the press bus, followed by a bizarre journey around Docklands to the media accreditation centre. Then another bus journey through a bleak landscape to an underground car park. Finally, we entered the vast ExCel Centre, where we were given coffee and bacon butties. Life's not so bad. I've just heard that some buses have been held up, delaying other journalists. At least I am in.
0652Further protests are expected today - this time the London Stock Exchange and the ExCel Centre will provide the backdrop. There will also be anti-war demonstrations. A massive security operation will be in force once again, with hundreds of police officers on duty at possible flashpoints around the city.0650 Tragically, a man involved in the protests died on Wednesday evening - after collapsing. The man, thought to be in his 30s, was found unconscious near the Bank of England. Police say bottles were thrown at officers who tried to help him.0652Further protests are expected today - this time the London Stock Exchange and the ExCel Centre will provide the backdrop. There will also be anti-war demonstrations. A massive security operation will be in force once again, with hundreds of police officers on duty at possible flashpoints around the city.0650 Tragically, a man involved in the protests died on Wednesday evening - after collapsing. The man, thought to be in his 30s, was found unconscious near the Bank of England. Police say bottles were thrown at officers who tried to help him.
0648 The Metropolitan Police say four people arrested during Wednesday's protests have been charged - three with possessing a bladed weapon, and one with assault, the Press Association reports.0648 The Metropolitan Police say four people arrested during Wednesday's protests have been charged - three with possessing a bladed weapon, and one with assault, the Press Association reports.
0645A BBC correspondent says a major security problem at the ExCel Centre in the Docklands has stopped members of the media checking in for an hour. Time is ticking, however, as the leaders are due to begin arriving in five minutes ahead of a working breakfast.0645A BBC correspondent says a major security problem at the ExCel Centre in the Docklands has stopped members of the media checking in for an hour. Time is ticking, however, as the leaders are due to begin arriving in five minutes ahead of a working breakfast.
0638 On Wednesday, there were several violent incidents in London as thousands of demonstrators took to the streets to protest over capitalism, climate change and war to coincide with the summit. Some smashed their way into a branch of the Royal Bank of Scotland, trashing equipment and daubing graffiti on the walls. Nearly 90 people were arrested. But the protests were generally peaceful.0638 On Wednesday, there were several violent incidents in London as thousands of demonstrators took to the streets to protest over capitalism, climate change and war to coincide with the summit. Some smashed their way into a branch of the Royal Bank of Scotland, trashing equipment and daubing graffiti on the walls. Nearly 90 people were arrested. But the protests were generally peaceful.
0635 The G20 is meeting against a background of grim forecasts from several international agencies suggesting that the world economy will contract this year for the first time since World War II. The US and UK would like to see continental European countries to do more to stimulate growth, but for both Germany and France the big issue is more financial regulation to prevent any repetition of the crisis. 0630 Good morning and welcome to our live coverage of the G20 summit in London. We will be updating this page throughout the day, bringing you insights from BBC correspondents, some of your emails, Twitter, and the best of the blogs. As ever, we would love to hear what you make of the summit's developments, or the widespread protests expected nearby.0635 The G20 is meeting against a background of grim forecasts from several international agencies suggesting that the world economy will contract this year for the first time since World War II. The US and UK would like to see continental European countries to do more to stimulate growth, but for both Germany and France the big issue is more financial regulation to prevent any repetition of the crisis. 0630 Good morning and welcome to our live coverage of the G20 summit in London. We will be updating this page throughout the day, bringing you insights from BBC correspondents, some of your emails, Twitter, and the best of the blogs. As ever, we would love to hear what you make of the summit's developments, or the widespread protests expected nearby.
G20: Day one as it happened G20: Day one as it happened