Browse content similar to 02/11/2012. Check below for episodes and series from the same categories and more!
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Obama and Rumney neck and neck. Jobs and the economy takes centre- | :00:09. | :00:13. | |
stage in the presidential campaign. Old men stake their claim to the | :00:13. | :00:17. | |
White House in a key battleground of Ohio. Unemployment is higher | :00:17. | :00:22. | |
today than when Barack Obama took office. This morning we learnt that | :00:22. | :00:25. | |
companies hired more workers in October than at any time in the | :00:26. | :00:29. | |
last eight months. With just four days to go, we will be assessing | :00:29. | :00:35. | |
just how close the race is. After the devastation of Hurricane Sandy, | :00:35. | :00:39. | |
the authorities in New York give in to public pressure to cancel this | :00:39. | :00:44. | |
weekend's marathon. A man with a hatred of Christians jailed for | :00:44. | :00:49. | |
life for a double murder. He killed retired teacher Betty Yates and | :00:49. | :00:54. | |
Reverend John Suddards in their homes. A former Labour minister | :00:54. | :00:58. | |
resigns after submitting false invoices described as plainly | :00:58. | :01:03. | |
intended to deceive. Accusations of war crimes against Syrian rebel | :01:03. | :01:07. | |
fighters, as a video appears to show them executing government | :01:07. | :01:12. | |
soldiers. And the fungus killing Briton's ash trees. Walkers are | :01:12. | :01:16. | |
told to wash their pets, their boots, even their children to try | :01:16. | :01:24. | |
Sir Alex Ferguson says he doesn't believe Mark Clattenburg racially | :01:24. | :01:34. | |
:01:34. | :01:48. | ||
abused a Chelsea player in the With just four days to go till | :01:48. | :01:52. | |
America heads to the polls, President of Obama and republican | :01:52. | :01:55. | |
Mitt Romney are still neck-and-neck. The employment figures have offered | :01:55. | :01:59. | |
neither candidate the chance to pull ahead. They are putting jobs | :01:59. | :02:02. | |
and the economy centre-stage and they can. Tonight they are in a | :02:02. | :02:06. | |
high heel. It to be there is regarded as crucial in securing the | :02:06. | :02:13. | |
keys to the White House. We report from the City of Columbus. A few | :02:13. | :02:17. | |
days in charge of a crisis seems to have energised the President. | :02:17. | :02:22. | |
There's a new bounce and even jury in the steps of the man who needs | :02:22. | :02:32. | |
:02:32. | :02:33. | ||
all of these voters. He seized on today's jobs figures, the best for | :02:33. | :02:36. | |
eight months, he said. But the passion of an old-time preacher, he | :02:36. | :02:45. | |
roared out his promises. It's time to keep pushing forward. Great new | :02:45. | :02:49. | |
jobs to make sure that no matter who you are or where you come from, | :02:49. | :02:54. | |
you can make it in America. That's what we are fighting for. Another | :02:54. | :02:59. | |
rally, another swing state, another perspective entirely a. Mitt Romney | :02:59. | :03:02. | |
says the slight increase in unemployment proves the economy is | :03:02. | :03:06. | |
stagnant. He has his own promises. If there's anyone who fears the | :03:06. | :03:10. | |
American dream is fading, if there's anyone who wonders whether | :03:10. | :03:14. | |
better jobs and better pay cheques are things of the past, I have a | :03:14. | :03:17. | |
clear and unequivocal message. With the right leadership, America will | :03:17. | :03:24. | |
come roaring back. But words are easy. The car industry in Ohio has | :03:24. | :03:29. | |
already come back. Something that is down to President Obama's deeds. | :03:29. | :03:34. | |
But other industries portray him as a job killer. We have 250 years of | :03:34. | :03:40. | |
Col... This advert accuses Obama of waging a war on coal, through | :03:40. | :03:44. | |
tougher environmental rules. This plays well with workers on the | :03:44. | :03:50. | |
ground in Ohio's coal country. Vast vehicles 10 at the Earth to uncover | :03:50. | :03:56. | |
the fuel below. But permits for new hard to come by, and the President | :03:56. | :04:02. | |
is blamed. I think he is running this country into the ground. He is | :04:02. | :04:06. | |
wanting to get away with burning coal for Energy, that's my | :04:06. | :04:13. | |
livelihood. I think Obama would Steph -- stick by the working | :04:13. | :04:16. | |
classes. Mitt Romney has been contradicted so many times by | :04:16. | :04:20. | |
himself that you don't know where you stand with him. Mitt Romney's | :04:20. | :04:24. | |
team believes there's a rich vein of it votes running through | :04:24. | :04:28. | |
America's coal country. Not just here but in other vital swing | :04:28. | :04:32. | |
states as well. But Ohio or is the big prize, and those of votes here | :04:32. | :04:35. | |
could mean the difference between winning and losing. But the | :04:35. | :04:38. | |
President looks pretty happy. He's telling crowds here he's got plenty | :04:38. | :04:43. | |
of fight left in -- fight left in him and the battle will rage on | :04:43. | :04:48. | |
over the next few days. Away from the election trail, the death toll | :04:48. | :04:52. | |
from Hurricane Sandy has reached over 90. The New York Marathon has | :04:52. | :04:55. | |
been called off in response to growing calls for it to be | :04:55. | :04:59. | |
cancelled. It's starting line is on Staten Island, one of the hardest- | :04:59. | :05:03. | |
hit areas when 19 people have died, there is no power and supplies of | :05:04. | :05:11. | |
food, fuel and water are running low. And I opening drive along this | :05:11. | :05:17. | |
street on Staten Island. A street remade by a vicious act of nature. | :05:17. | :05:24. | |
Some homes are completely gone. Others are ripped apart. It has | :05:24. | :05:30. | |
been four days now. Those cleaning- up of feeling abandoned. Nobody | :05:30. | :05:36. | |
came to my door yet. The storm was on Monday night, it's now Friday. | :05:36. | :05:42. | |
still have nobody year. Somebody help us, please. Deraa police in | :05:42. | :05:45. | |
the neighbourhood. As we filmed they detained a young man suspected | :05:45. | :05:51. | |
of looting. But the power is still out and the temperature is falling. | :05:51. | :05:56. | |
As you make your way through a bad third, eerily quiet neighbourhood | :05:56. | :06:01. | |
like this and see people's possessions on the ground, homes, | :06:01. | :06:05. | |
like this one here, completely obliterated, it really is hard to | :06:05. | :06:09. | |
comprehend that this is New York City, the financial capital of the | :06:09. | :06:13. | |
world. Putting right what has happened here is going to take many | :06:13. | :06:17. | |
months and may be longer. On the Maine Road this was the queue to | :06:17. | :06:22. | |
buy petrol. Supplies are low, tempers being tested. Some are | :06:22. | :06:26. | |
struggling to make sense of what has happened. It is a disaster, | :06:27. | :06:33. | |
terrible! And we are going to be voting. I don't know how we are | :06:33. | :06:40. | |
going to go out to vote. Manhattan, the skyline was real -- | :06:40. | :06:46. | |
reveals stars. The lights come on in a mere half the city. So while | :06:46. | :06:50. | |
Broadway glitters, Lower Manhattan is in darkness. We found residents | :06:50. | :06:55. | |
are finding their way by torchlight, and candles keeping customer live | :06:55. | :07:00. | |
at a bar owned by British expats. would have liked to have power back. | :07:00. | :07:04. | |
It's really hurting our business to have two of our major restaurants | :07:04. | :07:08. | |
closed for what should be one of the busiest weeks of the year, | :07:08. | :07:13. | |
being Hallowe'en. Tonight, the storm claimed another casualty, as | :07:13. | :07:15. | |
Mayor Michael Bloomberg announced that Sunday's New York Marathon | :07:15. | :07:19. | |
will not go ahead. He had been criticised but earlier saying the | :07:19. | :07:23. | |
race could go on. The runners were to have set out from Staten Island, | :07:23. | :07:28. | |
with its bruised shores, lives lost and near disbelief at what Mother | :07:28. | :07:38. | |
:07:38. | :07:38. | ||
Nature has done. Let's return to Columbus in a high AIL. Coming back | :07:38. | :07:42. | |
to the presidential campaign, just days to go now. What lies ahead | :07:42. | :07:50. | |
this weekend for the candidates? There's going to be a rather crazy | :07:50. | :07:54. | |
three days of madly dashing by both candidates across the country, | :07:54. | :07:58. | |
travelling thousands of miles. They keep returning to this state. Both | :07:58. | :08:03. | |
of them will hold final rallies here in Columbus on Monday. But I | :08:03. | :08:07. | |
wonder how much all this matters compared to the momentous event | :08:07. | :08:11. | |
that America has been through this week. How much that helps more than | :08:11. | :08:16. | |
all the rhetoric we will be hearing over the weekend. We have been | :08:16. | :08:20. | |
hearing that the suffering goes on and in some cases gets worse. There | :08:20. | :08:23. | |
must be a slender chance that President Obama gets blamed for | :08:23. | :08:27. | |
some of that. But on the whole, I've heard only praise for the way | :08:27. | :08:31. | |
he's handled it. More than that, because both men suspended | :08:31. | :08:35. | |
campaigning, he shot Mitt Romney out of the public arena for a | :08:35. | :08:40. | |
little while and stopped his momentum. President Obama still was | :08:40. | :08:44. | |
very much on the national stage, being seen to cope with the crisis. | :08:44. | :08:48. | |
He seems to have come back with a bit more of a spring in his step. | :08:48. | :08:53. | |
Over the weekend Mitt Romney will be trying to get back in again. | :08:53. | :08:56. | |
President Obama will be trying to build on that. I think the storm | :08:56. | :09:02. | |
probably matters more than all of the words we will be hearing. | :09:02. | :09:12. | |
:09:12. | :09:14. | ||
is comprehensive coverage of the A homeless man with a hatred of | :09:14. | :09:17. | |
Christians who murdered a retired teacher and a vicar has been jailed | :09:17. | :09:22. | |
for life. Stephen Farrow, diagnosed as a psychopath, killed Reverend | :09:22. | :09:26. | |
John Suddards at his vicarage in south Gloucestershire, and 77-year- | :09:26. | :09:32. | |
old pensioner, Betty Yates, at her home. Stephen Farrow, a homeless | :09:32. | :09:37. | |
drifter with a deep loathing of the Church. He claimed he'd been abused | :09:37. | :09:42. | |
as a child by a priest. His victims, the Reverend John Suddards and | :09:42. | :09:47. | |
Betty Yates, were described by the police today as exemplary members | :09:47. | :09:53. | |
of their communities. Betty Yates, a widow, died at her isolated | :09:54. | :09:57. | |
cottage in Worcestershire. Farrow battered her with her own walking | :09:57. | :10:01. | |
stick before stabbing her four times in the head. She will be | :10:01. | :10:06. | |
remembered by her family, friends, colleagues and pupils as a woman | :10:06. | :10:11. | |
who was kind, determined and, above all, good fun. After killing Mrs | :10:11. | :10:16. | |
Yates, Farrow went on the run, arriving in Thornbury 70 miles away, | :10:16. | :10:20. | |
six weeks later. He'd previously been in the town over Christmas and | :10:20. | :10:25. | |
had burgled a house and left a note pinned to a table with knives | :10:25. | :10:29. | |
referring to Christian scum. In February, in the same town, he | :10:29. | :10:35. | |
found Reverend John Suddards alone in his vicarage. Barrow told a | :10:35. | :10:38. | |
psychiatrist who examined him that he'd stabbed Reverend Suddards, | :10:38. | :10:42. | |
kicked him to keep him down and ordered him to die and hurry up. | :10:42. | :10:46. | |
Afterwards, instead of fleeing the scene, he spent the night here, | :10:46. | :10:51. | |
drinking beer and watching DVDs. When the police arrived they found | :10:51. | :10:56. | |
a Bible open on the vicar's chest, and a canvas painting of Jesus | :10:56. | :11:04. | |
alongside. After today's verdicts Mr Suddards' sister said there were | :11:04. | :11:08. | |
questions that still need answering. Do we come as a country, do enough | :11:08. | :11:12. | |
to ensure that psychopaths with a known history of violence and | :11:12. | :11:17. | |
criminal offences are not left roaming around at large, ready to | :11:17. | :11:24. | |
attack someone? I could well have been another victim. And questions | :11:24. | :11:29. | |
tonight but Dorset police, who were warned by this woman about Farrow. | :11:29. | :11:33. | |
Before the first murder he Senturk a series of text messages. I won't | :11:33. | :11:39. | |
stop until I'm caught, he said. You don't know how disturbed I am. The | :11:39. | :11:45. | |
Church will be the first to suffer. Maybe the two deaths of Betty and | :11:45. | :11:49. | |
the Reverend would not have happened. I just find it so sad | :11:49. | :11:55. | |
that those two people had to die in those circumstances. Dorset police | :11:55. | :11:59. | |
have announced an internal review. Farrow will spend the rest of his | :11:59. | :12:08. | |
A former Labour minister has resigned as an MP after wrongly | :12:08. | :12:13. | |
claiming thousands of pounds in expenses. The Parliamentary | :12:13. | :12:15. | |
Committee on Standards and Privileges said Denis McShane had | :12:15. | :12:21. | |
submitted 19 false invoices which were plainly intended to deceive. | :12:21. | :12:25. | |
Gary O'Donoghue is at Westminster. Can you give us more detail about | :12:25. | :12:29. | |
what the committee found? Three years after the expenses scandal | :12:29. | :12:34. | |
rocked Westminster, it still continues to cast a shadow. | :12:34. | :12:38. | |
Effectively what Denis McShane did was supplied fake invoices, 19 of | :12:38. | :12:43. | |
them, amounting to around �13,000 worth of public money. He | :12:43. | :12:47. | |
effectively send invoices to himself and then wrote the cheques. | :12:47. | :12:52. | |
He also claimed for 14 publicly- funded computers over a three-year | :12:52. | :12:56. | |
period. At that time, he allowed his interns to take them away with | :12:56. | :13:01. | |
him when they left is employed. He says he's been harshly treated but | :13:01. | :13:05. | |
he accepts his parliamentary career is over. The police did look at his | :13:05. | :13:08. | |
behaviour earlier in the year and decided there was no reason to take | :13:08. | :13:11. | |
the case any further. They've told the BBC today that they will be | :13:11. | :13:15. | |
looking at the evidence that the parliamentary inquiry brought to | :13:15. | :13:19. | |
bear. It does mean that there will be another by-election in Rotherham. | :13:19. | :13:24. | |
Labour has a pretty healthy majority there, 10,000 majority, | :13:24. | :13:30. | |
but they will be worried that Denis McShane's behaviour could bring a | :13:30. | :13:37. | |
There's growing condemnation tonight from human rights activists | :13:37. | :13:41. | |
about a video which appears to show the summary execution of Syrian | :13:41. | :13:44. | |
soldiers by rebel fighters. Gunmen are seen kicking and then shooting | :13:44. | :13:48. | |
around ten soldiers. The UN has said if the footage is verified, it | :13:48. | :13:51. | |
could constitute a war crime. From neighbouring Lebanon, Paul Wood has | :13:51. | :14:01. | |
:14:01. | :14:05. | ||
more, and his report contains Syria's dirty war. This video is | :14:05. | :14:08. | |
said to show Syrian government soldiers captured by rebels and the | :14:08. | :14:16. | |
north of the country. Petrified, bleeding, begging for their lives. | :14:16. | :14:21. | |
Please, I did not shoot anyone, a prisoner pleads. Shut up, you | :14:21. | :14:29. | |
animal, one of his captors replies. The prisoners endured kicking and | :14:29. | :14:37. | |
stamping. Then the shooting starts. What happens next is to graphic to | :14:37. | :14:42. | |
show, but we are told that all the prisoners were killed. | :14:42. | :14:46. | |
Unfortunately, this could be just the latest in a string of | :14:46. | :14:50. | |
documented summary executions by opposition factions, as well as by | :14:50. | :14:57. | |
government forces. Another internet video shows another summary | :14:57. | :15:02. | |
execution, again blamed on the rebels. Often, it is groups with | :15:02. | :15:06. | |
Islamist sympathies. They are still a minority of those fighting, but | :15:06. | :15:11. | |
some fear their influence will grow if the West does not support more | :15:11. | :15:16. | |
secular groups. They have been saying for months, look, we would | :15:16. | :15:20. | |
prefer the United States and NATO to help us out, but if it reaches | :15:20. | :15:23. | |
the point where the only people coming to our aid are the guys with | :15:23. | :15:27. | |
the long black beards who have experience building improvised | :15:27. | :15:31. | |
explosive devices and were willing to blow themselves up, if it means | :15:31. | :15:36. | |
taking up the regime, we will accept that a deed. The US believes | :15:36. | :15:40. | |
this chaos comes from a lack of political leadership in Syria's | :15:40. | :15:44. | |
uprising. Secretary of state Hillary Clinton and her officials | :15:44. | :15:47. | |
have been trying to help to form a new opposition government in | :15:47. | :15:57. | |
:15:57. | :15:58. | ||
waiting. They hope it will be able Meanwhile, people are dying in | :15:58. | :16:06. | |
Syria at the rate of more than 160 each day. The opposition says | :16:06. | :16:10. | |
36,000 have been killed since the uprising began. Western governments | :16:10. | :16:15. | |
have a dilemma. If they stand by and do nothing, how will a Syrian | :16:15. | :16:21. | |
regime that is bombing and shelling its own people be stopped? But, if | :16:21. | :16:25. | |
they do on the rebels, what if those weapons fall into the wrong | :16:25. | :16:30. | |
hands, reaching groups they go on to use them for war crimes. -- if | :16:30. | :16:35. | |
they arm the rebels. Coming up: | :16:35. | :16:38. | |
Diamond encrusted watches, handbags, property - the immense Chinese | :16:38. | :16:48. | |
:16:48. | :16:49. | ||
We're all being urged by the Government to wash our dogs, our | :16:49. | :16:53. | |
boots, and even our children, if we venture into woodland this weekend. | :16:53. | :16:56. | |
Ministers are concerned that the fungus which is destroying ash | :16:56. | :16:59. | |
trees could be transferred from fallen leaves. Labour has accused | :16:59. | :17:03. | |
the Government of "dithering" and failing to act fast enough. With | :17:03. | :17:12. | |
the latest, here's Jeremy Cooke. It is a killer disease which could | :17:12. | :17:17. | |
wipe out ash trees in their thousands. The symptoms are obvious | :17:17. | :17:24. | |
- dead, blackened leaves, linear scars along the bark. Today, the | :17:24. | :17:27. | |
Government's response, the meeting of the COBRA committee, normally | :17:27. | :17:31. | |
associated with terror alerts and national crisis. And this amid | :17:31. | :17:35. | |
claims that ministers ignored warnings that may have stopped the | :17:35. | :17:39. | |
disease before it got here. We did the right things at the right time. | :17:39. | :17:43. | |
Now, the issue which we have addressed rapidly is to promote the | :17:43. | :17:47. | |
import ban and the movement than as we approach the planting season. | :17:47. | :17:52. | |
But others accuse the Government of failing to protect our woodlands. | :17:53. | :17:56. | |
The Horticultural Trades Association wrote to the Forestry | :17:56. | :18:01. | |
Commission in September 2009 to request a ban on imports of ash | :18:01. | :18:07. | |
trees. That did not happen, and now the infection is here and taking | :18:07. | :18:12. | |
its toll. In this space, there should be 50,000 ash saplings, but | :18:12. | :18:17. | |
they fell victim to Chalara fraxinea, and have been removed and | :18:17. | :18:23. | |
burned. And the grower is left footing the bill. I feel really sad. | :18:23. | :18:26. | |
I entered the industry because I love the environment and a log | :18:26. | :18:32. | |
trees. That is why I'm doing what I am doing. It is a sad day. I can | :18:32. | :18:35. | |
remember Dutch elm disease and the devastation that had. This will be | :18:35. | :18:40. | |
far worse. These Government labs are in the front line in this | :18:40. | :18:44. | |
battle. Hi-tech DNA analysis, mapping out the spread of the | :18:44. | :18:49. | |
disease. Work here starts with this, raw material being brought in from | :18:49. | :18:53. | |
across the country. This piece of ash appears to be infected. You | :18:53. | :19:00. | |
have this dark Lizzie and write down the Bach, classic symptoms. | :19:00. | :19:04. | |
But we need scientific evidence. So far, cases in the wild are limited | :19:04. | :19:08. | |
to East Anglia but there is no known control. The Government says | :19:08. | :19:12. | |
we should all clean our boots, our children and our dogs after a walk | :19:12. | :19:16. | |
in the woods. Whether that will make a big difference is | :19:16. | :19:21. | |
controlling an airborne fungal spore is debatable. | :19:22. | :19:24. | |
A prominent republican has been arrested by police investigating | :19:24. | :19:28. | |
the murder of a prison officer in County Armagh. Colin Duffy was | :19:28. | :19:31. | |
acquitted earlier this year of the murders of two soldiers outside | :19:31. | :19:35. | |
their barracks in Antrim. Two other men are also being questioned about | :19:35. | :19:40. | |
yesterday's shooting of David Black on a motorway near Lurgan. | :19:40. | :19:44. | |
The jailed tycoon Asil Nadir has been ordered to pay back �5 million | :19:44. | :19:48. | |
in compensation or face a further six years in jail. Nadir was jailed | :19:48. | :19:52. | |
for 10 years in August after being found guilty of stealing just under | :19:52. | :19:57. | |
�29 million from his Polly Peck business empire. | :19:57. | :20:00. | |
This summer's exam crisis over GCSE English results in England was | :20:00. | :20:03. | |
caused by teachers being over- generous in their marking of | :20:03. | :20:09. | |
coursework. That's the conclusion today of the exams watchdog Ofqual. | :20:09. | :20:11. | |
But teaching unions have reacted angrily, saying teachers should not | :20:12. | :20:19. | |
be made the scapegoats. Here's Reeta Chakrabarti. | :20:19. | :20:24. | |
The GCSE England Igs -- English exam open the door to a bitter row. | :20:24. | :20:27. | |
The marks required for a good grade were raised in the middle of the | :20:27. | :20:30. | |
year, meaning that those who sat it in June needed higher marks than | :20:30. | :20:35. | |
those in January. Ofqual says that was because teachers were too | :20:35. | :20:39. | |
generous in marking pupil's coursework or controlled assessment, | :20:39. | :20:44. | |
in a bid to boost grades. Teachers want the best results for children | :20:44. | :20:48. | |
and schools, and they are judged on it. And sometimes, too many times, | :20:48. | :20:54. | |
that has been pushed to the limit. This London School is one of over | :20:54. | :20:57. | |
600 in England, Wales and Northern Ireland to see a major drop in | :20:57. | :21:03. | |
grades. It is half-term and pupils are preparing for resits this month. | :21:03. | :21:06. | |
The head teacher is furious that Ofqual seems to be blaming teachers | :21:07. | :21:13. | |
for what has happened. Outraged. Absolutely outraged. The report | :21:13. | :21:17. | |
that came out today failed, and I am disappointed with Ofqual, | :21:17. | :21:20. | |
because they failed to recognise and take responsibility for their | :21:20. | :21:24. | |
own mistakes and have started pointing the finger at others. | :21:24. | :21:26. | |
Playgrounds might be empty this week but the fall-out from the | :21:27. | :21:30. | |
marking row goes on, with questions being asked not just about last | :21:30. | :21:34. | |
summer's grades, but the whole system of school league tables. | :21:34. | :21:39. | |
Teachers mark their own pupil's assessments, overseen by examiners. | :21:40. | :21:43. | |
Ofcom says there is pressure to deliver at least a grade C, as that | :21:43. | :21:47. | |
is how pupils and schools are judged. This graph of one exam | :21:47. | :21:51. | |
board's English results shows hummers pupils are near one of the | :21:51. | :21:55. | |
greats. Teachers say the system forces them to push pupils to the | :21:55. | :22:00. | |
next grade, rather than providing a rounded education. The Education | :22:01. | :22:04. | |
Secretary, Michael Gove, is strongly opposed to exams at | :22:04. | :22:07. | |
different times of the year, and they will be phased out soon. But | :22:07. | :22:12. | |
on league tables, so far he has been silent. Ofqual faces potential | :22:12. | :22:16. | |
legal action from unions, schools and local councils, want the exam | :22:16. | :22:22. | |
regraded, as in Wales. This controversy is far from closed. | :22:22. | :22:25. | |
Next week, China's ruling Communist Party will gather to appoint new | :22:25. | :22:28. | |
leaders who'll rule the country for the next decade. The change of | :22:28. | :22:32. | |
leadership will be watched closely around the world, not least here in | :22:32. | :22:36. | |
the UK, where China is the third largest foreign investor. Stephanie | :22:36. | :22:44. | |
Flanders looks now at whether the close economic ties will continue. | :22:44. | :22:47. | |
If you wanted to see China's contribution to the world economy, | :22:47. | :22:51. | |
the best place to see it used to be the toy department. This is how | :22:51. | :22:56. | |
most of us first saw China's economic growth - made in China on | :22:56. | :23:00. | |
more and more of the things we wanted to buy. But things are | :23:00. | :23:05. | |
changing. Now we are not just seeing its products, but China's | :23:05. | :23:09. | |
growing wealth. And when I say wealth, this is what they buy. At | :23:09. | :23:13. | |
Harrods there are now special terminals to let Chinese customers | :23:13. | :23:17. | |
paid direct from their home bank accounts. The restaurant menus have | :23:17. | :23:23. | |
been adapted to the Chinese, too. They are worth it. Over the last | :23:23. | :23:27. | |
five years, their sales in this store has multiplied by 20 times. | :23:27. | :23:31. | |
They used to be one-fifth of the American spend, and now they are | :23:31. | :23:35. | |
five times the American spend. This is a customer cohort we really have | :23:35. | :23:39. | |
to look after. Harrods are not the only ones getting new business from | :23:40. | :23:44. | |
the Chinese. 330,000 people visited the UK from China and Hong Kong | :23:44. | :23:50. | |
last year, 17% more than the year before. What they spend here counts | :23:50. | :23:54. | |
in our exports. 5% of Britain's exports go to China or Hong Kong | :23:54. | :24:00. | |
now, but sales there have risen 60% in just five years. They are | :24:00. | :24:05. | |
investing here, as well. This week, China's main public Investment Fund | :24:05. | :24:08. | |
bought a 10% stake in the company that owns Heathrow. That Chinese | :24:08. | :24:15. | |
money has been going into a lot of different industries. The telecoms | :24:15. | :24:18. | |
giant recently announced another �1 billion investment in the UK. We | :24:18. | :24:22. | |
have seen Chinese investors by a Weetabix and a chunk of Thames | :24:22. | :24:26. | |
Water. I wonder whether the Chinese tourists who come here for their | :24:26. | :24:30. | |
traditional Savile Row suit realise that it is now owned by the Chinese | :24:30. | :24:36. | |
as well. Something else the Chinese are buying into, a very British | :24:36. | :24:40. | |
education. All of these women are studying economics at University | :24:40. | :24:44. | |
College London. The number of Chinese students in the UK has | :24:44. | :24:47. | |
doubled in five years. I believe the majority of students will have | :24:47. | :24:53. | |
a good time studying in Britain. And this is good for the British | :24:53. | :24:57. | |
university as well. Because if those alumni enjoy their time in a | :24:58. | :25:02. | |
British university, when they go back it will establish a high | :25:02. | :25:06. | |
reputation for British universities. If you see the view from the window, | :25:06. | :25:11. | |
in the north, Canary Wharf. This is the kind of flat Chinese parents | :25:11. | :25:15. | |
buy for their kids, or just as an investment. But there are strict | :25:15. | :25:20. | |
controls on the many people can take in or out of China. | :25:20. | :25:24. | |
mainland Chinese were able to take money out of the country freely and | :25:24. | :25:27. | |
wanted to invest in real estate to the extent that they seem to at the | :25:27. | :25:31. | |
moment, we think it could move London prices by as much as 15%. | :25:31. | :25:36. |