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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.
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.
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 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.
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.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.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.
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 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.
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World leaders arrive at the Excel Centre for the G20 summitWorld leaders arrive at the Excel Centre for the G20 summit
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 President, 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 President, 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