Browse content similar to 17/11/2011. Check below for episodes and series from the same categories and more!
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Northern Rock, the bank that symbolised the start of Britain's | :00:12. | :00:16. | |
financial crisis, back in the private sector. Sold to Richard | :00:16. | :00:21. | |
Branson's Virgin Money. The taxpayer is to lose hundreds of | :00:21. | :00:23. | |
millions of pounds, but ministers say it is the best deal they could | :00:23. | :00:26. | |
get. I think this will be a good thing | :00:26. | :00:30. | |
for British consumers. We will have a powerful new presence on the High | :00:30. | :00:34. | |
Street, offering better deals to families, real choice and | :00:34. | :00:37. | |
competition. We are asking where this leaves the | :00:37. | :00:44. | |
other nationalised banks. Also: Duwayne Brooks, Stephen | :00:44. | :00:49. | |
Lawrence's best friend breaks down in court as he describes the brutal | :00:49. | :00:53. | |
attack. Scuffles as the New York police | :00:53. | :00:58. | |
move in on the Occupy London Stock Exchange Wall Street protestors. | :00:58. | :01:02. | |
We are going to spread democracy, here we are, the government is | :01:02. | :01:07. | |
oppressing the democracy. Showdown in Berlin as David Cameron | :01:07. | :01:11. | |
prepares to meet Angela Merkel. She issues a warning of criticism of | :01:11. | :01:15. | |
the eurozone. Whatever happened to our golden age of engineering? The | :01:15. | :01:19. | |
Queen gives her name to a prize to find new talent. | :01:19. | :01:28. | |
I'll be here with Sportsday later in the hour as Avram Grant tries to | :01:28. | :01:32. | |
get back into international management, but will Northern | :01:32. | :01:42. | |
:01:42. | :01:51. | ||
Good evening. Northern Rock has been sold to | :01:51. | :01:55. | |
Richard Branson's Virgin Money Group. The long queues of | :01:55. | :01:58. | |
frightened safers outside of the bank four years ago marked the | :01:58. | :02:02. | |
moment Britain was swept into the global banking crisis. Only a | :02:02. | :02:05. | |
Government bail out saved it from collapse. The taxpayer is likely to | :02:06. | :02:09. | |
lose about �450 million on the sale. The Government say it is was the | :02:09. | :02:13. | |
best deal on offer, but Labour has questioned the timing of the | :02:14. | :02:17. | |
transaction. Our Business Editor, Robert Peston | :02:17. | :02:23. | |
has this report. Northern Rock, the bank whose near | :02:23. | :02:26. | |
collapse and nationalisation came the symbol of the global economic | :02:26. | :02:31. | |
crisis has become a part of Richard Branson's Virgin Money. As the | :02:31. | :02:35. | |
famous Rock brand dies, is there a bright new dawn for British | :02:35. | :02:40. | |
banking? We have been following Northern Rock for nearly four years | :02:40. | :02:45. | |
now, it has kept us focused on it. The reason is that it has so much | :02:45. | :02:50. | |
that it can bring alongside Virgin Money to increase competition in UK | :02:50. | :02:54. | |
banking. Virgin Money is buying the Rock's | :02:54. | :02:59. | |
75 branches, about 16 billion of savings and �14 billion of | :02:59. | :03:02. | |
mortgages and it has pledged that the enlarged group's operational | :03:02. | :03:07. | |
headquarters are to be based in the Rock's Newcastle home. Also, no | :03:07. | :03:11. | |
more xuls redundancies at the Rock for at least three years. | :03:11. | :03:15. | |
Very good news for the region. Really good. With Richard Branson | :03:15. | :03:20. | |
behind things, I am sure whatever he touches, it turns to gold. | :03:20. | :03:25. | |
very good news, especially for the north-east when so many jobs are | :03:25. | :03:27. | |
going. It is nice to know some are being kept. | :03:28. | :03:33. | |
So, why did the Chancellor decide to sell now? We hired independent | :03:33. | :03:37. | |
advisers, looking at the figures, it was clear that this was the best | :03:37. | :03:40. | |
deal for the British taxpayer. Getting more back than any other | :03:40. | :03:47. | |
deal on the table. So, what are we getting back? Well | :03:47. | :03:52. | |
�1.4 billion of taxpayers a' -- taxpayers' money has gone into the | :03:52. | :03:58. | |
Rock. That is more than the �747 million that Virgin Money will | :03:58. | :04:04. | |
return at the end of the year. They could return up to �280 million at | :04:05. | :04:13. | |
the end of several years, even in the bank ends up losing �373 | :04:13. | :04:16. | |
million and �653 million. The question that the Chancellor | :04:16. | :04:20. | |
has to explain is where he has chosen now to make the sale when it | :04:20. | :04:23. | |
means a loss to the taxpayer? We have to look in detail to ensure | :04:23. | :04:26. | |
that the taxpayer is getting value for money. | :04:27. | :04:31. | |
In September 2007, the queues outside of branches like this one | :04:31. | :04:37. | |
told the world of the looming banking and economic disaster, so | :04:37. | :04:40. | |
does this mien that there are better times around the corner? | :04:40. | :04:45. | |
Maybe, but what is striking is that the Chancellor has chosen to sell | :04:45. | :04:49. | |
Northern Rock now and generate a loss, rather than wait for the | :04:49. | :04:53. | |
better times, which may mean that he fears that no significant | :04:53. | :04:57. | |
recovery in the markets or the economy will happen any time soon. | :04:57. | :05:01. | |
Of course, Northern Rock was not the only bank rescued by the | :05:01. | :05:05. | |
taxpayers in the last crash. We bailed out Lloyds and the Royal | :05:05. | :05:10. | |
Bank of Scotland to the tune of �65 billion. Unlike Northern Rock, the | :05:10. | :05:14. | |
time for getting any of that back is many years away. | :05:14. | :05:19. | |
Robert is here with me now. Can we be sure of the loss on this deal | :05:19. | :05:24. | |
all together? We would love to know, but actually, words that I rarely | :05:24. | :05:29. | |
say, I really don't know. The reason for that is this: Today what | :05:29. | :05:36. | |
we have seen sold is only a part of Northern Rock. Some �40 billion | :05:36. | :05:42. | |
older mortgages made by Northern Rock are still in public hands. Now, | :05:42. | :05:46. | |
they've often been called the bad bank, but up to now they've been | :05:46. | :05:49. | |
making a profit for all of us. The reason is straightforward. It is | :05:49. | :05:53. | |
cheap for the Government to borrow, the mortgages are expensive. Will | :05:53. | :05:59. | |
they make a profit in the coming years? Who knows? It will depend if | :05:59. | :06:03. | |
we tip back into recession and if the homeowners have problems | :06:03. | :06:07. | |
repaying debts, but for all of us there is a bigger issue, that is | :06:07. | :06:10. | |
that we mutt much more money into Lloyds and the Royal Bank of | :06:10. | :06:17. | |
Scotland when ebailed them out, �65 billion, currently those stakes on | :06:17. | :06:20. | |
the market are worth only �20 billion. So I hope that you have | :06:20. | :06:26. | |
strapped yourself in. Taxpayers are sitting on a loss of up to �40 | :06:26. | :06:28. | |
billion on investments in Lloyds and Royal Bank of Scotland. Which | :06:28. | :06:30. | |
is why those banks will not be sold for many years. | :06:30. | :06:35. | |
Thank you very much. The best friend of Stephen Lawrence | :06:35. | :06:40. | |
broke down in court as he described how the teenager collapsed and bled | :06:40. | :06:46. | |
to death on a south London street in 1993. Duwayne Brooks went as he | :06:46. | :06:51. | |
recalled how the pair were attacked by a gang who hurled racial abuse | :06:51. | :06:55. | |
at them. Duwayne Brooks gave evidence despite his father dying | :06:55. | :06:58. | |
last night. Tom Symonds' report contains racially offensive | :06:58. | :07:01. | |
language which was used in court. Duwayne Brooks met Stephen on their | :07:02. | :07:07. | |
first day at secondary school. His description of the relationship, | :07:07. | :07:11. | |
Stephen Lawrence was his best friend. Facing the court would have | :07:11. | :07:16. | |
been daunting on the best of days, but Brooks brx' father died last | :07:16. | :07:21. | |
night. He told the judge he wanted to give his evidence still. | :07:21. | :07:26. | |
The jury heard an emotional description 6 Stephen's last | :07:26. | :07:31. | |
minutes. It focused on south London, on the night of the killing. | :07:31. | :07:35. | |
Duwayne Brooks and staefen had been waiting for a bus. The service was | :07:35. | :07:38. | |
disrupted. They had gone to the corn to see if it was coming when | :07:38. | :07:43. | |
the gang attacked. A group of white youths. Rebekah Brooks told the | :07:43. | :07:48. | |
court that one shouted, using racially offensive language which | :07:48. | :07:52. | |
was used in court, another used what looked like an iron bar. | :07:52. | :07:58. | |
Brooks brx managed to escape, but not Stephen -- Duwayne Brooks. | :07:59. | :08:03. | |
He showed the jury how the weapon b a foot long was raised and brought | :08:03. | :08:09. | |
down on his friend. After the gang ran off, Stephen struggled to his | :08:09. | :08:19. | |
:08:19. | :08:24. | ||
feet. He ran past watching At this point in court, Duwayne | :08:24. | :08:29. | |
Brooks was in tears. He was asked if he would like to take a break, | :08:29. | :08:33. | |
but he said "no". That he wanted to say what happened. | :08:33. | :08:38. | |
He went on that he kept saying to Stephen Lawrence to run. | :08:38. | :08:45. | |
Stephen Lawrence said that he called to him, but he fell at the | :08:45. | :08:49. | |
tree. Stephen Lawrence was later found to have two knife wounds. | :08:49. | :08:54. | |
Today, a simple memorial marks the spot where Stephen Lawrence died. | :08:54. | :08:59. | |
For Neville Lawrence, Stephen's father, and his mother, Doreen | :08:59. | :09:04. | |
Lawrence, it was another difficult day of evidence. Gary Dobson and | :09:04. | :09:09. | |
David Norris deny murder. The court heard that the eyewitness evidence | :09:09. | :09:12. | |
is the start of the case against them. | :09:12. | :09:17. | |
The jury has been told that no witness has been able to identify | :09:17. | :09:21. | |
the gang. These were the drawings of the police -- by the police | :09:21. | :09:25. | |
after interviewing him. The first police officer to arrive | :09:25. | :09:30. | |
here said that Duwayne Brooks told her he had not seen the attack. He | :09:30. | :09:35. | |
told the jury himself today that at some point his back was turned and | :09:35. | :09:40. | |
his view obscured by a tree. So, forensic evidence the focus in | :09:40. | :09:47. | |
coming weeks. The NHS has been told to tackle | :09:47. | :09:51. | |
what the ministers are calling a hidden waiting list in English | :09:51. | :09:57. | |
hospitals. They are doing well at meeting the target for treating | :09:57. | :10:01. | |
patients within 18 weeks but about a quarter of a million patients are | :10:01. | :10:06. | |
waiting longer than that. Our Health Correspondent is with us, | :10:06. | :10:08. | |
Branwyn Jeffries, most people thought that the waiting time has | :10:08. | :10:13. | |
come down? Well, the waiting too many times have been falling. That | :10:13. | :10:17. | |
is due to tough targets. Waiting time is an issue that matters to | :10:17. | :10:23. | |
patients. Most patients now have to wait less than 18 weeks been the GP | :10:23. | :10:26. | |
deciding to send them to the hospital and the treatment | :10:26. | :10:29. | |
beginning, but hospitals can be fined for treating patients later | :10:29. | :10:35. | |
than 18 weeks so there is no incentive for them after that point. | :10:35. | :10:38. | |
Leaving some feeling they've been forgotten. | :10:38. | :10:42. | |
For a farmer like David Evans, there is not much time to be ill. | :10:42. | :10:49. | |
He needed an operation to repair a hernia. Damaged muscles in his | :10:49. | :10:52. | |
stomach meant his organs are not held in properly. After waiting | :10:52. | :10:58. | |
more than 18 weeks, the NHS had not given him a date. One delay after | :10:58. | :11:03. | |
another, meant that David struggled on for almost a year before finally | :11:03. | :11:06. | |
being treated. It got increasingly worse. So that | :11:06. | :11:10. | |
up to two to three times a day, the intest yeen would come out and I | :11:10. | :11:15. | |
would have to hold it to get back indoors until I could used the | :11:15. | :11:19. | |
scanner that I had for scanning sheep, in order to have a look to | :11:19. | :11:23. | |
see what had come out and get it back properly. | :11:23. | :11:27. | |
Some cases aren't straightforward. One reason why delays can happen. | :11:27. | :11:32. | |
Not everyone can be treated quickly. But not all long waits can be | :11:32. | :11:37. | |
explained away. The target now, just counts the | :11:37. | :11:42. | |
patients who have already been treated. In September, that was | :11:42. | :11:46. | |
under 1 million people. From next year, the patients | :11:46. | :11:51. | |
waiting will also be looked at. In September, that was about 2.5 | :11:51. | :11:55. | |
million people. From next year most of this group will also have to be | :11:55. | :12:01. | |
treated within 18 weeks. So, how has the NHS in England been | :12:01. | :12:06. | |
doing? Well, this graph shows the number of patients waiting a year. | :12:06. | :12:10. | |
You can see the fall from four years ago from 600,000 to 20,000, | :12:10. | :12:14. | |
but some hospitals are treating patients quickly. | :12:14. | :12:22. | |
So, of that 20,000, one big slice is down to just one hospital trust. | :12:23. | :12:26. | |
St George's in south London has more than 5,000 patients waiting | :12:26. | :12:30. | |
for longer than a year. If I was in charge of this, trying | :12:30. | :12:35. | |
to do something about it. I would target the hospitals that are | :12:35. | :12:38. | |
contributing the patients to this long wait. To find out what their | :12:38. | :12:42. | |
problems are, to sort it at a local level. | :12:43. | :12:46. | |
Hospitals like St George's say that they are making progress on the | :12:46. | :12:51. | |
backlog, but the whole of the NHS in England will now have a new | :12:51. | :12:56. | |
waiting target. It is more modest than the ones we have had, but it | :12:56. | :13:05. | |
could help some patients that have Two British soldiers have been | :13:05. | :13:10. | |
killed in a roadside bomb attack in Helmand province in Afghanistan. | :13:10. | :13:14. | |
Their families have been informed. Yesterday another soldier was also | :13:14. | :13:20. | |
killed by an explosion in Helmand province. He is 25-year-old Lance | :13:20. | :13:26. | |
Corporal Peter Eustace from 2nd Battalion The Rifles. He was a | :13:26. | :13:31. | |
professional Rifleman who served on two very demanding tours of duty. | :13:31. | :13:34. | |
The deadline has passed for protesters at St Paul's Cathedral | :13:34. | :13:42. | |
to move. They were given until 6:00pm. When we came on air, the | :13:42. | :13:47. | |
demonstration was still in place. Scuffles have broken out in the | :13:47. | :13:51. | |
centre of New York as hundreds of protesters attempted to mark on the | :13:51. | :13:59. | |
New York Stock Exchange. 200 people have been arrested. This was the | :13:59. | :14:04. | |
scene by the symbol of America's financial system. Protesters are | :14:04. | :14:13. | |
dragged away by police near Wall Street. A demonstration against | :14:13. | :14:18. | |
corporate greed turned violent. the Middle East, we are saying, | :14:19. | :14:26. | |
we're going to spread democracy. Our government is suppressing | :14:26. | :14:32. | |
democracy. How hypocritical can act get? There have been confrontations | :14:32. | :14:36. | |
between police and protesters all day. Even though they cannot come | :14:36. | :14:42. | |
out here, there is still momentum in their movement. Do you want to | :14:42. | :14:47. | |
get arrested or do you want to move? There are hundreds of police | :14:47. | :14:53. | |
officers on the streets of lower Manhattan. The right to free speech | :14:53. | :14:58. | |
his command -- is clashing with the rule of law. Protesters were | :14:58. | :15:03. | |
evicted from this park two days ago. They can still gather here but not | :15:03. | :15:07. | |
camp. The marchers are more determined than ever. Despite the | :15:07. | :15:12. | |
fact we're not here day and night, I think it can be a really great | :15:13. | :15:22. | |
step in the evolution. Shut down this intersection. Gather here. | :15:22. | :15:27. | |
They're up on the move again with plans for a mass rally tonight. | :15:27. | :15:32. | |
are trying to say this is a crisis and it needs to be treated like a | :15:32. | :15:37. | |
crisis. People on Wall Street cannot destroy the lives of so many | :15:37. | :15:41. | |
people. The ball straight Baker says they have drawn attention to | :15:41. | :15:51. | |
inequality in America. -- Wall Street thicker. They need to find a | :15:51. | :15:57. | |
platform to communicate at clap -- grassroots level. It is clear what | :15:57. | :16:03. | |
this protest is against. Where does it go from here? Coming up on | :16:03. | :16:05. | |
tonight's programme: At last, Burma's Aung San Suu Kyi gets | :16:05. | :16:10. | |
another chance to stand for election. We talk to her about what | :16:10. | :16:19. | |
that wait has done to her. I find it embarrassing when people talk | :16:19. | :16:27. | |
about my suffering. People have died. Nobody still alive has the | :16:27. | :16:32. | |
right to complain. The eurozone crisis has created tensions within | :16:32. | :16:35. | |
the EU and thrown up different visions for its future. On the eve | :16:35. | :16:38. | |
of David Cameron's visit to Berlin, the German Chancellor, Angela | :16:38. | :16:40. | |
Merkel has criticised the way countries outside the eurozone - | :16:40. | :16:43. | |
like Britain - highlight its flaws but complain about being left | :16:43. | :16:53. | |
:16:53. | :16:56. | ||
behind. From the German capital, Gavin Hewitt, reports. Two leaders, | :16:56. | :17:01. | |
the natural allies. Increasingly they see it differently. They meet | :17:01. | :17:05. | |
tomorrow. The German Chancellor accepted today that the eurozone | :17:05. | :17:09. | |
crisis was causing tension between them. | :17:09. | :17:13. | |
TRANSLATION: Of course there are certain tensions. It Monza great | :17:13. | :17:19. | |
deal of political sensitivity. -- demands. I want a Europe with Great | :17:19. | :17:25. | |
Britain in it. Earlier this week, Angela Merkel spelt out her | :17:25. | :17:30. | |
political vision. It would mean not less Europe but more Europe. A | :17:30. | :17:35. | |
short time later David Cameron was speaking in London. He described | :17:35. | :17:41. | |
himself as a sceptic, whose ideal Europe would be a network. One with | :17:41. | :17:45. | |
the flexibility of the network, not the rigidity of a block. Later | :17:45. | :17:51. | |
Britain was accused of looking out for its own advantage. The Germans | :17:52. | :18:00. | |
really have to chip in their savings, their money. There are | :18:00. | :18:04. | |
other sources of tension. Angela Merkel was close integration for | :18:04. | :18:09. | |
the eurozone. Cameron fears losing influence. Angela Merkel wants the | :18:09. | :18:16. | |
tax on finance will transactions. - - Financial. Cameron sees it as a | :18:17. | :18:21. | |
bullet aimed at the heart of the city. Angela Merkel wants the | :18:21. | :18:27. | |
European Central Bank the lender of last resort. -- David Cameron. | :18:27. | :18:33. | |
Angela Merkel says, at no. Angela Merkel will say, in order to impose | :18:33. | :18:36. | |
stricter rules and European countries, she wants the treaty | :18:36. | :18:40. | |
change. The Prime Minister is under pressure to get something in | :18:40. | :18:45. | |
exchange for his support. He has to be strongly supportive of the | :18:45. | :18:50. | |
desire of Angela Merkel to get the eurozone on a proper footing. On | :18:50. | :18:53. | |
the other hand he has to be clear that Britain will want something | :18:53. | :18:58. | |
out of this as well. Amongst Germany's political class, there is | :18:58. | :19:04. | |
a sensitivity of what they see as British the lecturing over the | :19:04. | :19:08. | |
eurozone crisis. I am told the differences between Britain and | :19:08. | :19:15. | |
Germany are signature them but they do not mad to a rest. -- amount. | :19:15. | :19:20. | |
Neither leader wants a public row. The eurozone crisis is causing | :19:20. | :19:25. | |
friction and the markets underlined yet again today that this crisis is | :19:25. | :19:29. | |
deepening. In Spain, even whilst they were protesting against cuts, | :19:29. | :19:34. | |
its borrowing costs were edging higher. In France and Italy, even | :19:34. | :19:38. | |
with the new government, it too was facing dangers the high interest | :19:39. | :19:44. | |
rates. The fear of the debt crisis spreading, even to core countries, | :19:44. | :19:48. | |
will overshadow the meeting between David Cameron and Angela Merkel | :19:48. | :19:52. | |
when they meet tomorrow. The Labour Leader, Ed Miliband, said today | :19:52. | :19:55. | |
that the UK's economic worries have reached a turning point and urged | :19:55. | :19:58. | |
ministers to change direction for the sake of the country. In a | :19:58. | :20:00. | |
speech today, he defended the previous Labour government's | :20:00. | :20:03. | |
investment in schools and hospitals but said Labour would have to focus | :20:03. | :20:11. | |
on further deficit reduction if it won power after the next election. | :20:11. | :20:14. | |
A man accused of firing two shots at the White House last week has | :20:14. | :20:16. | |
been charged with attempting to assassinate President Obama or | :20:17. | :20:21. | |
members of his staff. Oscar Ortega- Hernandez, who is 21 and from Idaho, | :20:21. | :20:26. | |
was remanded in custody. Neither Mr Obama nor his wife, Michelle, were | :20:26. | :20:31. | |
in the White House at the time of the shooting. The Burmese pro- | :20:31. | :20:34. | |
democracy campaigner, Aung San Suu Kyi, is expected to announce | :20:34. | :20:37. | |
tomorrow that her party - the National League For Democracy - | :20:37. | :20:42. | |
will stand in upcoming by-elections. It has been a year since the | :20:42. | :20:45. | |
opposition politician was released after 15 years of house arrest. | :20:46. | :20:48. | |
Burmese Government restrictions that stopped her party from taking | :20:48. | :20:53. | |
part in elections were recently lifted. Our world affairs | :20:53. | :20:56. | |
correspondent, David Loyn, went to meet Ms Suu Kyi in the capital, | :20:56. | :21:06. | |
:21:06. | :21:07. | ||
Freed from house arrest a year ago this week, Aung San Suu Kyi looks | :21:07. | :21:13. | |
as though she is running for office. Every time she has tried to stand, | :21:13. | :21:17. | |
she has been blocked and put under arrest. Her years of seclusion when | :21:17. | :21:22. | |
she was not allowed to visit her British husband when he was dying. | :21:22. | :21:26. | |
Listen to her grace when I asked how she coped with the suffering. | :21:26. | :21:30. | |
have never thought of it as suffering. I find it embarrassing | :21:30. | :21:35. | |
when people talk of my sufferings. In a situation like ours, people | :21:35. | :21:41. | |
have died. Nobody alive has the right to complain. Obstacles put in | :21:41. | :21:47. | |
the wake of Aung San Suu Kyi's party which meant it could not put | :21:47. | :21:53. | |
up candidates were lifted recently. Reform is coming fast to Burma. It | :21:53. | :21:58. | |
is the speed at which these reforms are being implemented. It is part | :21:58. | :22:03. | |
of that that hopefully she will stand in these by-elections and win | :22:03. | :22:05. | |
for us to the issue goes to parliament with the strength of | :22:05. | :22:11. | |
their democratic mandate, that will help to transform politics in Burma. | :22:11. | :22:19. | |
-- and win. This could just be the first Burmese generation for more | :22:19. | :22:24. | |
than half a century that will not grow up under the cruelty of | :22:24. | :22:28. | |
dictatorship. There is no doubting the extraordinary affection that | :22:28. | :22:33. | |
Aung San Suu Kyi is held in here. She is on the eve of making the | :22:33. | :22:37. | |
most important political decision of her life. That decision is | :22:37. | :22:41. | |
whether to stand in forthcoming by- elections. Many of her supporters | :22:41. | :22:46. | |
want to wait and re- register her party until all political prisoners | :22:46. | :22:51. | |
are released. The leader has made up her mind. But I'm not entirely | :22:51. | :22:57. | |
sure why people think it is not the right time. On the whole, the great | :22:58. | :23:03. | |
majority of our people will go in for a re-registration. When you | :23:03. | :23:07. | |
look at what has happened in the last six months, and particularly | :23:07. | :23:13. | |
since August, how do you see them are changing? They you are, it is a | :23:13. | :23:19. | |
change, it isn't it? The BBC is here officially, interviewing me. | :23:19. | :23:25. | |
You are going out among the people. She told me the new President is a | :23:25. | :23:35. | |
:23:35. | :23:37. | ||
good listener. The voice of the Burmese people is not suppressed. | :23:37. | :23:43. | |
David Cameron has condemned said Blatter for saying that racist | :23:43. | :23:47. | |
comments on a football field could be resolved with a shake of the | :23:47. | :23:53. | |
hands. Sepp Blatter said races and is not a problem. David Cameron | :23:53. | :23:57. | |
said his comments were appalling. He has been called on to resign. | :23:57. | :24:03. | |
The Queen has given her name to a new �1 million prize for | :24:03. | :24:06. | |
Engineering. It will be awarded every two years and people from | :24:06. | :24:13. | |
around the world will qualify. It is to encourage new people into the | :24:13. | :24:19. | |
profession. Organisers hope it will achieve the status of the Nobel | :24:19. | :24:25. | |
Prize. Our science correspondent reports. As the birthplace of the | :24:25. | :24:29. | |
Industrial Revolution, Britain was the great pioneer. In everything | :24:29. | :24:33. | |
from steam travel to dramatic constructions like the Clifton | :24:33. | :24:39. | |
Suspension Bridge, spanning the Avon gorge. Engineers like Isambard | :24:39. | :24:44. | |
Kingdom Brunel were leaders in new technology. Logie Baird and the | :24:44. | :24:49. | |
first television. Recently, British Engineering has slipped from public | :24:50. | :24:55. | |
imagination. Today, to rekindle that enthusiasm, a rare show of | :24:55. | :25:00. | |
unity. The Prime Minister, the Deputy Prime Minister, and the | :25:00. | :25:05. | |
leader of the opposition, launching a new �1 million prize for | :25:05. | :25:13. | |
Engineering. A photo opportunity to push the message. David Cameron on | :25:13. | :25:17. | |
the McLaren assembly line. Just the kind of world-leading technology | :25:17. | :25:25. | |
that Britain needs more of. Is there a risk of another Wimbledon - | :25:25. | :25:29. | |
- a British contests but never a British winner. I think it is right | :25:29. | :25:34. | |
to open it to the world. It is about saying something to the world | :25:34. | :25:38. | |
about Britain's respect for science. Amid all this gleaming high | :25:38. | :25:43. | |
technology, it is obvious that Britain does have the ideas and | :25:43. | :25:46. | |
expertise. The problem, a desperate shortage of the people with the | :25:46. | :25:51. | |
skills to do this kind of work. Just as other countries, China, | :25:51. | :25:57. | |
Japan and Germany, are forging ahead. The key is attracting new | :25:57. | :26:03. | |
recruits. Here, a little Formula One stardust to end sues school | :26:03. | :26:09. | |
children. Jenson Button and Lewis Hamilton see a model car powered by | :26:09. | :26:15. | |
a Mousetrap. It is a start to a life in Engineering. I think kids | :26:15. | :26:20. | |
should take serious consideration of it. You could come and work for | :26:20. | :26:24. | |
us, for example, which is not a bad job to have. The country that | :26:24. | :26:28. | |
brought you the Mini and the inventor of the World Wide Web is | :26:28. | :26:33. | |
trying to get back in the lead. Is that really possible? The leaders | :26:33. | :26:37. | |
of all three political parties were here today. None of them have a | :26:37. | :26:43. |