Browse content similar to 31/10/2011. Check below for episodes and series from the same categories and more!
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Are we in a lot more Hubble, bubble, toil and trouble on the deficit | :00:08. | :00:12. | |
than the Government is letting on? New research commissioned by | :00:12. | :00:17. | |
Newsnight warns that on the budget deficit something wicked this way | :00:17. | :00:20. | |
comes. Low growth may force the Chancellor to push back his target, | :00:20. | :00:25. | |
but the real frightener comes if the global situation turns bad and | :00:25. | :00:30. | |
we get a dark decade. 100 leading economic thinkers say | :00:30. | :00:36. | |
it is time for plan B. Britain's best known capitalist venturer begs | :00:36. | :00:39. | |
to differ with one of them. The Greek, just when you thought | :00:39. | :00:44. | |
the eurozone had locked down a deal, the Government and Athens has | :00:44. | :00:47. | |
called a referendum on that European bailout. | :00:47. | :00:52. | |
Outside St Paul's they are dancing, inside the clerics are busy arguing | :00:52. | :00:57. | |
and quitting. Should Christian values on money lenders and temples | :00:57. | :01:03. | |
be a no-brainer. She is unmistakable with her Faroe islands | :01:03. | :01:09. | |
sweater and Nicorette gum, we speak to the star of The Killing. This | :01:09. | :01:14. | |
role has challenged my own views of what is feminine and what is | :01:14. | :01:18. | |
masculine: it has liberated a lot of my own fixed thoughts about | :01:18. | :01:21. | |
which is which. Today there are a few machines to | :01:21. | :01:25. | |
be cheerful as well, evolutionary psychologist, Steven Pinker, thinks | :01:25. | :01:35. | |
:01:35. | :01:38. | ||
the world is a less violent place, Good evening, the Government | :01:38. | :01:41. | |
engaged in a flurry of activity today, Nick Clegg committed almost | :01:41. | :01:46. | |
a billion pounds to industry, and trumpeted the possibility of | :01:46. | :01:50. | |
200,000 new jobs. David Cameron penned an article in the FT warning | :01:50. | :01:55. | |
us against pessimism and the danger of talking down our achievements. | :01:55. | :01:59. | |
The quarterly growth figures coming out tomorrow is no coincidence. The | :01:59. | :02:02. | |
consensus forecast is the figures are going to be poor. Is there | :02:02. | :02:05. | |
anything the Government can do to get the economy moving. | :02:05. | :02:12. | |
Here is our economics editor, Paul Mason. It is fright night for | :02:12. | :02:16. | |
economists. Right now Government statisticians are getting ready to | :02:16. | :02:20. | |
produce the growth figures for July/September, they could be | :02:20. | :02:25. | |
scarely close to zero. Cue the deputy Prime Minister, to | :02:25. | :02:29. | |
tell us what they are going to do about it. The Government today | :02:29. | :02:34. | |
announced nearly a billion pounds worth of state aid to businesses, | :02:34. | :02:39. | |
including to this once spuorned steel works in Sheffield. Let's not | :02:40. | :02:44. | |
talk Britain down, these are competing industries, it is good | :02:44. | :02:48. | |
the Government gets behind things that work, so we can create jobs | :02:48. | :02:51. | |
for the young people of the future here and elsewhere. The opposition, | :02:51. | :02:58. | |
sharpening the dagger for tomorrow, if the stats are bad, got a dig in | :02:58. | :03:01. | |
first. The Government hasn't understood the scale of the | :03:01. | :03:04. | |
problems the economy is facing and are not coming up with the measure | :03:04. | :03:07. | |
that will make the real difference to people losing their jobs or in | :03:07. | :03:10. | |
fear for their jobs and living standards. Once we get tomorrow's | :03:10. | :03:14. | |
figures, the debate begins in ernest about how to turn things | :03:14. | :03:18. | |
around. The problem s if you get lower growth, that drives a bit of | :03:18. | :03:23. | |
a stake true the heart of the deficit reduction plan. If you go | :03:23. | :03:27. | |
for tax cuts on top of that, the hole gets bigger. On the deficit, | :03:27. | :03:33. | |
the Chancellor has set his own target. The structure deficit to be | :03:33. | :03:39. | |
eradicated by 2014, debt to be falling as a percentage of GDP by | :03:39. | :03:44. | |
2015/16. We asked the respected research firm, CEBR, to model the | :03:44. | :03:49. | |
impact of low growth on the public finances. They use a similar model | :03:49. | :03:55. | |
to the Treasury, but their results would not be popular there. This is | :03:55. | :04:01. | |
what the Government thought would happen, debt peaks in 2013, the so- | :04:01. | :04:03. | |
called structural deficit is eliminated in 2014, and the | :04:03. | :04:09. | |
percentage of debt is falling in 2015/16. These last two points meet | :04:09. | :04:13. | |
George Osborne's self-imposed target. But low growth this year | :04:13. | :04:18. | |
begins to knock all that for six. If growth is just 0.9% a year, | :04:18. | :04:22. | |
instead of the 1.7% they expected, this is what happens to debt. It | :04:22. | :04:26. | |
ends up higher and the structural deficit is eradicated, if you are | :04:27. | :04:32. | |
lucky, a year later. What lower growth does is it makes it very | :04:32. | :04:36. | |
much more difficult to get in the tax revenues to bring the deficit | :04:36. | :04:40. | |
down. If you don't bring the deficit down, then the debt GDP | :04:40. | :04:43. | |
ratio, the thing which the foreign exchange markets and the other | :04:43. | :04:48. | |
financial markets look at, keeps on rising. You but what then? If you | :04:48. | :04:53. | |
add in tax cuts to low growth. We modelled an �8 billion tax cut next | :04:53. | :05:00. | |
year, and �4 billion in 2013, debt ends up 5% GDP higher than planned, | :05:00. | :05:07. | |
that is �85 billion, but the Chancellor could, just, meet his | :05:08. | :05:11. | |
self-imposed target then. Our researchers don't believe we will | :05:11. | :05:14. | |
have low growth just this year, but next year and the year after that. | :05:14. | :05:19. | |
In that case there is a big hit. you add low growth to �12 billion | :05:19. | :05:24. | |
tax cuts, our figures show the deficit to be still over �100 | :05:24. | :05:29. | |
billion, by the end of this parliament. It shows the ratio of | :05:29. | :05:37. | |
debt to GDP still going on up, past 0%. Right now, the Treasury are | :05:37. | :05:41. | |
burning the midnight pumpkin, trying to come up with radical new | :05:41. | :05:45. | |
growth plan. Changes in employment law, a bonfire of planning | :05:45. | :05:52. | |
regulations, but few think it can be done without tax cuts. What is | :05:52. | :05:57. | |
shaken our growth is our uncompetitive tax and regulatory | :05:57. | :06:01. | |
regimes. Looking at the World Economic Forum, we had the fourth | :06:01. | :06:07. | |
most competitive tax regime in the world in 200, now we have the 94th | :06:07. | :06:11. | |
most competitive tax regime in the world. There is something wrong in | :06:11. | :06:14. | |
the figures. The Government should reduce taxes wherever possible to | :06:14. | :06:17. | |
stimulate growth, while finding further savings in expenditure | :06:17. | :06:20. | |
elsewhere. Those in contact with George Osborne's team, which low | :06:20. | :06:24. | |
growth may force the Chancellor to push back his target by a year, or | :06:24. | :06:28. | |
two. But the real frightener comes if | :06:28. | :06:32. | |
the global situation turns dark and stays dark. Then we get a very | :06:32. | :06:39. | |
scary decade. That's enough to frighten even the stoutist | :06:39. | :06:45. | |
Chancellor. Joining me now are British venture capitalist, Jon | :06:45. | :06:48. | |
Moulton, a member of the advisory board of Nick Clegg's Regional | :06:48. | :06:53. | |
Growth Fun, and the former Labour minister, Kitty Ussher. Do you | :06:53. | :07:00. | |
agree with that analysis that on the basis of a 0.% growth George | :07:00. | :07:06. | |
Osborne has to put back the target. - 0.9% growth Osbourne has to put | :07:06. | :07:14. | |
back his targets. If you have 0.9% growth the graphs just keep going | :07:14. | :07:18. | |
back. The pictures there only predict one year. Last year in the | :07:18. | :07:23. | |
budget the Chancellor bet for 3% growth for five consecutive years, | :07:23. | :07:27. | |
we were never going to get it and we are not going to get it. Kitty | :07:27. | :07:33. | |
Ussher, if growth sticks at 0.9% this year, and doesn't get higher | :07:33. | :07:37. | |
than 1.7%, which was the original, does that mean the debt isn't | :07:37. | :07:41. | |
eradicated? He has given himself a year's wriggle room, by giving a | :07:41. | :07:45. | |
five-year target to be achieved in four years. That is reasonable? | :07:45. | :07:50. | |
so it won't be a political disaster for him immediately. People will | :07:50. | :07:54. | |
realise he's running out of options. If the situation carries on for a | :07:54. | :07:58. | |
year or so, which is perfectly possible. He has a serious problem. | :07:58. | :08:06. | |
You are involved in the regional growth fund, and that is being | :08:06. | :08:09. | |
trumpeted to do great things, is that enough to keep things up? | :08:09. | :08:14. | |
grants are going to good homes. I don't expect for free money we | :08:14. | :08:17. | |
would have ten times as many people applying as we actually had. What | :08:17. | :08:21. | |
does that suggest to you, that there is not enough manufacturing? | :08:21. | :08:25. | |
There is not confidence or manufacturing. There isn't enough | :08:25. | :08:29. | |
dynamism. If that is the case, you have people suffering increased | :08:29. | :08:37. | |
inflation, suffering unemployment, suffering their standard of living | :08:37. | :08:41. | |
dropping what is there for them, the positive outlook for them? | :08:41. | :08:44. | |
we have to sort out the economy, which is not a friendly thing, it | :08:44. | :08:48. | |
is not the easy thing. Basically we have a state which is half the | :08:48. | :08:54. | |
economy. The public sector is half the economy. The economy can't grow | :08:54. | :08:58. | |
quickly until the state is much smaller. Do you think actually a | :08:58. | :09:03. | |
reform of the state in radical way is one way out of it, rather than | :09:03. | :09:07. | |
as you perhaps would have had it, throwing good debt after bad debt? | :09:07. | :09:10. | |
There is always things that the public sector can do better. I | :09:10. | :09:13. | |
think the important point here is what John just said about | :09:14. | :09:16. | |
confidence. Business doesn't have confidence, because the consumer | :09:16. | :09:19. | |
doesn't have confidence. The consumer doesn't have confidence | :09:19. | :09:23. | |
because a year ago the in coming Government told them there was the | :09:24. | :09:27. | |
most almighty crisis, far worse than we could have ever possibly | :09:27. | :09:33. | |
thought, so we will have to do draconian cuts faster. Do you think | :09:33. | :09:38. | |
it is important. It knocked confidence and the public stopped | :09:38. | :09:41. | |
spending money. The difference between perception and reality this | :09:41. | :09:45. | |
is, actually what you are saying is that was hyperbole, and things | :09:45. | :09:50. | |
aren't nearly as bad? It is not the case, and Labour should be far more | :09:50. | :09:55. | |
confident about this. The British economy was ever in a Greek, Spain | :09:55. | :09:58. | |
or Irish situation and the in coming Government deliberately | :09:58. | :10:02. | |
scare amongered for political purposes and are reaping the | :10:02. | :10:07. | |
negative awards. That is not to say we shouldn't eliminate the debt. | :10:07. | :10:13. | |
I right in thinking you were around at the time of the 200 budget? | :10:13. | :10:18. | |
Absolutely. In 2010 you forecast a surplus, you were only out about | :10:18. | :10:24. | |
about �160 billion there abouts? The point s the public began to | :10:24. | :10:29. | |
fear what was to come. They had ever reason to fear it. Of course | :10:29. | :10:32. | |
for forecasts changing, but that is completely different from saying | :10:32. | :10:36. | |
that this economy is going to completely collapse unless we | :10:36. | :10:45. | |
retrench this fast. Reregulation? Very good idea. - Deregulation? | :10:45. | :10:50. | |
Very good idea. Rather than increasing paternity and maternity | :10:50. | :10:55. | |
leave, we can't afford it? There are a stack of things we can't | :10:55. | :10:59. | |
afford it. We have to make it attractive to employ people, | :10:59. | :11:03. | |
unemployed people have rights as well as employed people. | :11:03. | :11:08. | |
Deregulation is an appropriate thing to do. Do you agree? Wekg | :11:08. | :11:12. | |
more imaginative about this. I would like more part-time jobs, so | :11:12. | :11:15. | |
second earners who feel they are shifts out of the jobs market | :11:15. | :11:19. | |
because of childcare feel there is a place for them to go. | :11:19. | :11:23. | |
confident are you that the Government is listening on | :11:23. | :11:29. | |
deregulation? They are listening a little. I don't expect them to | :11:29. | :11:31. | |
listen extensively, I'm merely a human being. But you are also a | :11:31. | :11:36. | |
human being that gave money to the Conservative Party and to Liam Fox, | :11:36. | :11:40. | |
we will come on to that. About the idea that you give money to the | :11:40. | :11:45. | |
Conservative Party, to presumably promote your sense of what is good | :11:45. | :11:49. | |
economic sense, mistake? It could be. Definitely the way that the | :11:49. | :11:54. | |
Government is developing, and my views, difr, I'm very much of the | :11:54. | :11:58. | |
opinion that - differ, I'm very much of the opinion that we should | :11:58. | :12:01. | |
get the economy into a healthy state as quickly as possible. Many | :12:01. | :12:09. | |
of the objectives that kit Kitty has, are the same. We will need dot | :12:09. | :12:18. | |
do what we want until we get the size of the debt and state down. | :12:18. | :12:22. | |
Do you agree that the example that Ed Milliband made about producer | :12:22. | :12:26. | |
companies is accurate? Possibly no. John has made money in the private | :12:26. | :12:30. | |
equity business, and I'm sure some of the things the firms he has | :12:30. | :12:35. | |
invested in as a result have led to greater prosperity. I don't | :12:35. | :12:43. | |
personally think it is a helpful characteristic. I do think we can | :12:43. | :12:49. | |
have a better type of capitalism. believe in better capitalism, | :12:49. | :12:55. | |
obviously. Clearly we want to end up with a socially acceptable, a | :12:55. | :12:58. | |
pleasant capitalism, we need to have a strong economy. It would be | :12:58. | :13:02. | |
nice to see growth in the economy. It would be nice to see incomes | :13:02. | :13:05. | |
growing, then we could afford things we are now having. What we | :13:05. | :13:11. | |
do at the moment is, the Government gets �4 in and spends �5. That is | :13:11. | :13:16. | |
what it does. We are living better today at the expense of those who | :13:16. | :13:21. | |
follow us. Who have to service the debt we leave behind. It is | :13:21. | :13:24. | |
desperately immoral, and something the sooner we stop doing the better. | :13:24. | :13:29. | |
Can I take you back to your relationship with Liam Fox and | :13:29. | :13:35. | |
Judge Van der Werff, which was all the fare - Adam Werrity, which was | :13:35. | :13:38. | |
all the furore recently. You invest in all sorts of companies, some | :13:39. | :13:45. | |
good and bad. I'm right in saying at Liam Fox's behest you invested | :13:45. | :13:52. | |
of a company of Adam Werrity? didn't invest, donated. What was | :13:52. | :13:56. | |
the pitch? The pitch was I put money with Liam before the election, | :13:56. | :14:04. | |
supporting his back office, all totally on the public record. That | :14:04. | :14:07. | |
was successful in generating good policy documents and work. Liam | :14:07. | :14:12. | |
asked me to put money in the same general direction, I was at great | :14:12. | :14:17. | |
pains to get written assurances for what it was used for, by bother no | :14:17. | :14:23. | |
recommend blapbs for what it was used for. You have the evidence for | :14:23. | :14:28. | |
what the money was used for? I do. Do you feel duped? I can definitely | :14:28. | :14:38. | |
say I was mugged. The definition of "foxed" is "discoloured with | :14:38. | :14:43. | |
yellowish brown Steyning", I believe that is appropriate. Has it | :14:43. | :14:48. | |
damaged you? Definitely, relatively small amount of money, gone very | :14:48. | :14:53. | |
blikly, and being - publicly, and being wasted. If the grot figures | :14:53. | :14:58. | |
here look less than impressive, - growth figures here look less than | :14:58. | :15:02. | |
impressive, what hope is there for one of the lame ducks of Europe, | :15:02. | :15:07. | |
Greece. After being offered a life Tyne from Europe, they have the | :15:07. | :15:12. | |
temerity to announce they will vote to accept the plan, and the | :15:12. | :15:16. | |
stringcy it will place on their country. If they reject it, will | :15:16. | :15:21. | |
they have any choice but to leave the euro. Had we any idea the | :15:21. | :15:27. | |
referendum would come out? No, it is a real shocker, the Euro-leaders | :15:27. | :15:34. | |
didn't know, people in the Greek political establishment didn't know. | :15:34. | :15:38. | |
In that case, the eurozone leaders were blind sided? Yes, and of | :15:38. | :15:43. | |
course it was one of the central banks, if not the Central Bank of | :15:43. | :15:49. | |
what was agreed last week, that there would be a pack Greece and | :15:49. | :15:55. | |
all sorts of things done to finance it. And all called into question by | :15:55. | :15:57. | |
George Papandreou's announcement. The key question is will people | :15:57. | :16:03. | |
vote for it or not. A question I asked earlier this eerpbg to a | :16:03. | :16:08. | |
Greek journalist, asking - morning to a Greek journalist what are the | :16:08. | :16:15. | |
chances of success? Although people are concerned and they see a small | :16:15. | :16:19. | |
A Greece's debt being written off and money coming in, fine on the | :16:19. | :16:23. | |
one hand, but no prospect of growth and creation of jobs. If that | :16:23. | :16:26. | |
doesn't change in the next few months, until we have a referendum, | :16:26. | :16:36. | |
:16:36. | :16:37. | ||
then the Government will find it hard to win it. It is balanced on a | :16:37. | :16:42. | |
knife edge. The referendum might not be until next year? It might be. | :16:42. | :16:46. | |
George Papandreou didn't say when it would be. Many people don't | :16:46. | :16:49. | |
think it can be done for various reasons before January. What impact | :16:49. | :16:54. | |
will it have on the markets? Before this announcement this evening, | :16:54. | :17:02. | |
they were all ready in a pretty shaky state. We saw that in London, | :17:02. | :17:06. | |
in Germany, Milan, this is a key one, of course, because of fears | :17:06. | :17:12. | |
about the Italian economy, the biggest drop today,.%. More | :17:12. | :17:18. | |
importantly, even - 3.8%. More importantly, the rate at which the | :17:18. | :17:25. | |
Italian Government borrow money has gone over the heiror ir6% mark. | :17:25. | :17:35. | |
:17:35. | :17:38. | ||
Something considered - - higher mark, 6%, something considered very | :17:38. | :17:41. | |
serious. Way back in the finance ministers' meeting in July, saying | :17:41. | :17:45. | |
they had come up with a solution, before that George Osborne, people | :17:45. | :17:49. | |
like him in the British Government were saying, a plaster won't do, | :17:49. | :17:56. | |
even a one trillion euro plaster won't do. You need fundamental | :17:56. | :18:01. | |
change, fiscal union, or moves it a properly regulated system with the | :18:01. | :18:04. | |
European Central Bank at the core, to level out the balances between | :18:04. | :18:07. | |
the economies of Germany and Greece's economy and others. In | :18:07. | :18:11. | |
that sense, they can argue, already, what was agreed last week is | :18:12. | :18:17. | |
faltering. And it really strengtheneds the case for a root | :18:17. | :18:23. | |
and branch approach. They are also arguing that the countries outside | :18:23. | :18:27. | |
the euro, the outer ten, need to be a key part of the process. They are | :18:27. | :18:31. | |
hoping in the run up to the G20 meeting in France later this week, | :18:31. | :18:34. | |
that they can continue that diplomacy. Building with countries | :18:34. | :18:39. | |
like Sweden and Poland, the idea of a broad irconsultation. | :18:39. | :18:48. | |
Earlier today I spoke - Broad earlier consultation. | :18:48. | :18:58. | |
:18:58. | :18:58. | ||
Earlier I asked Radek Sikorski, the polish Foreign Minister would | :18:58. | :19:06. | |
Poland join the Euro-? It is a time - Euro? It is a timing issue. We | :19:06. | :19:10. | |
are determined to join the eurozone, it makes sense for us. When the | :19:10. | :19:13. | |
house is being tidied up and renovated, it is not the best time | :19:13. | :19:20. | |
to move in. At what point do you think will you be ready to join? | :19:20. | :19:30. | |
:19:30. | :19:30. | ||
is both an economic and political decision, as I say. We don't just | :19:30. | :19:34. | |
sympathetically look on overcoming the problems of indebtedness in | :19:34. | :19:40. | |
Europe, as the presidency we have been part of the solutions. The six | :19:40. | :19:44. | |
pack, had it been agreed earlier, perhaps we wouldn't be in the | :19:44. | :19:51. | |
trouble we are in. But it is a bureaucratic name for a set of | :19:51. | :19:54. | |
regulations that will increase financial discipline in the | :19:54. | :19:58. | |
eurozone. We hope it will work. interested to know what it has been | :19:58. | :20:03. | |
like handling the EU presidency, when you have these egos of Angela | :20:03. | :20:08. | |
Merkel and Nicolas Sarkozy, how do you work with them? The presidency | :20:08. | :20:14. | |
is not what it used to be, we are not the presidency of the European | :20:14. | :20:16. | |
council, we have a permanent head to do that. I don't have the | :20:16. | :20:23. | |
foreign affairs council, because we have a Brit, Cathy Ashton, who does | :20:23. | :20:29. | |
it very ablely. It is true in Ecofin, and the Finance Minister | :20:29. | :20:34. | |
has had his plate full, and we feel we are achieving progress. We feel | :20:34. | :20:40. | |
that it is at times like this that we need to complete the single | :20:40. | :20:48. | |
market. For example, in services and in transborder trade, we think | :20:48. | :20:52. | |
that would help Europe get out of its recession. When you say you are | :20:52. | :20:58. | |
treaty oblige to join the euro, and that was - treaty obliged to join | :20:58. | :21:03. | |
the euro and that was settled, are there people worrying about what | :21:03. | :21:07. | |
happened to Greece and Italy might be there for Poland and you are | :21:08. | :21:12. | |
stirring up more trouble for Poland when you join? We will make up that | :21:13. | :21:16. | |
argument when we are joining the euro. We think it would still make | :21:16. | :21:22. | |
sense for us, we want to be in the group of countries, the that decide | :21:22. | :21:26. | |
the fate of the largeest economy on earth and the largest single area. | :21:26. | :21:31. | |
Let's talk about Britain now, it is implacably opposed to the euro. | :21:31. | :21:35. | |
There is some sense in which Britain would be seen as the leader | :21:35. | :21:39. | |
of the gang that is outside the euro, you are part of that gang at | :21:39. | :21:43. | |
the moment, how do you feel about that? We are different in that, | :21:43. | :21:49. | |
because Poland is not yet in the euro, but will be in the euro one | :21:49. | :21:58. | |
day. Our argument is not only that the fate of the eurozone and the | :21:58. | :22:02. | |
principles covering all of these are important for the euro. It is | :22:02. | :22:05. | |
very important because even Britain will be affected. Our additional | :22:05. | :22:13. | |
argument is we want to have a say in principles by which we will also | :22:13. | :22:17. | |
one day be running our economy. you think Britain should join the | :22:18. | :22:25. | |
euro? It is an economic argument that depends on trade flows. About | :22:25. | :22:31. | |
half your trade is with the EU. For us it is higher. The argument from | :22:31. | :22:36. | |
that point of view is more powerful. One of the arguments against Europe | :22:36. | :22:44. | |
being a natural single currency area, was that there was low | :22:44. | :22:48. | |
movement of labour. Here in Britain I think you are experiencing quite | :22:48. | :22:53. | |
a lot of movement of labour within the EU. Including Poland. It has | :22:53. | :23:00. | |
been good for the British economy, we hope some of my compatriots will | :23:00. | :23:04. | |
come back. With all the turmoil, not only in the Tory backbenchers, | :23:04. | :23:10. | |
but in the cabinet, there is a talk about referring treaties. The talk | :23:10. | :23:15. | |
is, perhaps even making sure that borders are not open, and that | :23:15. | :23:25. | |
:23:25. | :23:28. | ||
thriel there is not even a free movement of - a free movement of | :23:28. | :23:34. | |
all things within the euro. That is one of the key freedoms in Europe, | :23:34. | :23:38. | |
the Tories under Lady Thatcher sponsored and brought to best. I | :23:38. | :23:45. | |
would be surprised that is a fundamental feature of the single | :23:45. | :23:51. | |
market. I don't think a country that would ban movement of Labour | :23:51. | :23:57. | |
labour - labour could hope to remain in the single market. There | :23:57. | :24:00. | |
are some who would like use to leave the European Union all | :24:01. | :24:05. | |
together? I can't comment on internal British comments. We know | :24:05. | :24:12. | |
in plilgts people are moved and motivated by - politics, people are | :24:12. | :24:16. | |
moved and motivated by politics. For a Cathedral to lose one | :24:16. | :24:18. | |
Clergyman might be considered unfortunate, but to lose three in | :24:18. | :24:24. | |
less than a week begins to look careless. Today the Dean of St | :24:24. | :24:27. | |
Paul's, Graeme Knowles, followed his colleague, Giles Fraser and | :24:27. | :24:32. | |
another chap went out of the door in the temple. He's the one who | :24:32. | :24:35. | |
wanted to evict the protestors camped outside, now the Bishop of | :24:35. | :24:41. | |
London is taking charge. A protest movement that was anti-capitalism, | :24:41. | :24:51. | |
:24:51. | :24:52. | ||
seems to be provoking a crisis of confidence in the Church of England. | :24:52. | :24:57. | |
From the start, the protestors in the Square Mile had the City banks | :24:57. | :25:01. | |
in their sights. But after they were kept back by police, the area | :25:01. | :25:09. | |
in front of St Paul's Cathedral was where they based themselves. It has | :25:09. | :25:13. | |
become an ethical quagmire for church authorities. They have found | :25:13. | :25:16. | |
themselves riven over issues ranging from free speech and the | :25:16. | :25:23. | |
ethics of the market, to health and safety and even tourist revenue. | :25:23. | :25:29. | |
find it quite difficult that you assume that I hold the same views | :25:29. | :25:33. | |
of you, simply because I don't use the same methods of expressing my | :25:33. | :25:38. | |
views as you. Now the Dean of St Paul's, Graeme | :25:38. | :25:41. | |
Knowles, who was in discussions with the campers as recently as | :25:42. | :25:51. | |
:25:52. | :26:04. | ||
yesterday, has become the latest The All this comes after Fraser | :26:04. | :26:13. | |
frai, Canon Chancellor of St - Giles Fraser, Canon Chancellor of | :26:13. | :26:16. | |
St Paul's resigned. It is a car crash and the Church of England | :26:16. | :26:20. | |
have got themselves into a real mess over this. The latest | :26:20. | :26:24. | |
resignation is perhaps an indication of what Giles Fraser, | :26:24. | :26:31. | |
the Canon of St Paul's all luded to, is that we are on a trajectory | :26:31. | :26:36. | |
towards eviction, it is unstoppable. At the end of this we have seen | :26:36. | :26:39. | |
resignations and careers ended and for no purpose whatsoever. The | :26:39. | :26:49. | |
:26:49. | :26:55. | ||
whole protest will move on shortly. And the only people taking any | :26:55. | :26:59. | |
flack for it is the Church of England, it is collateral damage in | :26:59. | :27:05. | |
a row that it didn't need to be involved in. The protestors have | :27:05. | :27:09. | |
certainly got plenty of attention for their grievances. Surely the | :27:10. | :27:16. | |
enemy are those in the dealing rooms, not those in the pulpit. | :27:16. | :27:21. | |
Canon Giles Fraser stood down because he felt the stand that the | :27:21. | :27:27. | |
Church of England would lead to violence. I respect him for doing | :27:27. | :27:30. | |
that. The Dean had resigned today I believe because of the way the | :27:30. | :27:33. | |
situation was handled. Again that is a situation that he, a decision | :27:33. | :27:38. | |
he has made personally, we have to remain on the issues, this is an | :27:38. | :27:41. | |
opportunity for the church to make a real difference to people's lives | :27:41. | :27:46. | |
in this country and throughout the world. The Archbishop of Canterbury | :27:46. | :27:51. | |
paid tribute to the outgoing Dean. In his earlier pronouncements he | :27:51. | :28:01. | |
:28:01. | :28:10. | ||
has appeared to question the ethics Safe pair of hands? The Bishop of | :28:10. | :28:14. | |
London is caretaker of the Cathedral for the time being. | :28:14. | :28:19. | |
not taking a softer line at all. I think that as people were saying to | :28:19. | :28:24. | |
me yesterday morning, the campsite has to disappear at some point. It | :28:24. | :28:30. | |
has to be scaled down. The Cathedral is prudent and sensible | :28:30. | :28:35. | |
in exploring the legal territory. I'm told by the Chapter that they | :28:35. | :28:39. | |
would not wish to condone the use of violence in securing any | :28:39. | :28:45. | |
enforcements. Not the least of the challenges | :28:45. | :28:50. | |
facing the Clergy at St Paul's, is to ensure they are all singing from | :28:50. | :28:58. | |
the same hymn sheet. I'm joined by the writer Anne | :28:58. | :29:04. | |
Atkins, and an Anglican minister not far from St Paul's, he was | :29:04. | :29:07. | |
public affairs secretary for the Archbishop of London. It looks as | :29:07. | :29:11. | |
if the Church of England is completely out of its depth and out | :29:11. | :29:14. | |
at sea and ruled by man? certainly not because it is ruled | :29:14. | :29:19. | |
by man. One of the several PR disasters of the last couple of | :29:19. | :29:25. | |
weeks. You hear that St Paul's is losing �20,000 a day in tourist | :29:25. | :29:28. | |
revenue. We are not hearing about how many millions it costs for the | :29:28. | :29:32. | |
poor Church of England to keep this building open, with no help from | :29:32. | :29:38. | |
the taxpayer. In Germany the taxpayers keep the churches open. | :29:38. | :29:43. | |
The Church of England buildings are kept open and paid by the people in | :29:43. | :29:48. | |
the pews. This is I'm not defending this, I'm just saying. Nobody is | :29:48. | :29:52. | |
making a profit about this. I would put it to you in the 21st century | :29:52. | :29:57. | |
the church needs to cut its cloth and get out of St Paul's? | :29:57. | :30:02. | |
Absolutely we need to handle over to English Heritage, and it is not | :30:02. | :30:05. | |
what Jesus talked about, and we are lumbered with these things. This is | :30:05. | :30:09. | |
one of the many things in which the church is not really presenting its | :30:09. | :30:14. | |
case really well. Another thing, I'm sure that most members of the | :30:14. | :30:22. | |
latity are not aware and why should they be, is how incredibly brave | :30:22. | :30:27. | |
and frightening it is for a middleaged Clergyman to resign his | :30:27. | :30:31. | |
post, when he has probably earned next to nothing all his life, no | :30:31. | :30:35. | |
savings, owned no house for his children to live in. Is it the | :30:35. | :30:38. | |
church's fault because it hasn't delivered a clear line in this, and | :30:38. | :30:42. | |
it looks like the money lenders are running the temple? It is a PR | :30:42. | :30:46. | |
disaster and they have mismanaged it, that seems to be statement of | :30:46. | :30:50. | |
the bleeding obvious. I think today has been a game change. The | :30:50. | :30:55. | |
resignation of the Dean has put, has focused attention on the | :30:55. | :30:59. | |
politics that is going on. Graeme Knowles has gone, and he went very | :30:59. | :31:02. | |
suddenly and very quickly. And tomorrow we learn a few hours later | :31:02. | :31:06. | |
that the corporation of London are going for an eviction order. I | :31:06. | :31:11. | |
think those two things are related. I think he realised, probably | :31:11. | :31:15. | |
through Niamhity, that he has associated himself to what would be | :31:15. | :31:20. | |
a hawkish and aggressive policy, and he couldn't count on staying. | :31:20. | :31:22. | |
Is there not something that says the protestors were never meant to | :31:23. | :31:28. | |
be there in the first place? It is a legitimate protest. But actually, | :31:29. | :31:33. | |
they should be more sensitive to the church's needs? They have been | :31:33. | :31:39. | |
very sensitive to the church's needs. We hear from the protestors | :31:39. | :31:43. | |
expressions like, all we are looking for is an honest and frank | :31:43. | :31:47. | |
discussion with the Cathedral. Frankly, that is a phrase that the | :31:47. | :31:50. | |
Cathedral should be using. There is quite a mystery here, there is a | :31:51. | :31:54. | |
mystery as to why the Cathedral closed. I don't think it is a | :31:54. | :32:01. | |
mystery. There is a mystery. It is a kneejerk reaction over health and | :32:01. | :32:05. | |
safety issues before knowing what they were. If they had chosen to | :32:05. | :32:12. | |
camp outside, suppose the protestors camped out St Helen's | :32:12. | :32:15. | |
bishops gates, they would be eadvantagised which would have | :32:15. | :32:20. | |
moved them on. If they were outride a Roman Catholic church, I was in | :32:20. | :32:25. | |
Italy speaking to Italians last week, they said if this was | :32:25. | :32:29. | |
happening in St Peter's in Rome or the steps of the Vatican, they | :32:29. | :32:33. | |
would have been water canoned within half an hour. We fought a | :32:33. | :32:37. | |
reformation not to be that kind of church, to be rather more engaged | :32:37. | :32:41. | |
with the people on the doorstep than they are. I'm sure that would | :32:41. | :32:46. | |
not be the only thing for water canon, there might have been in | :32:46. | :32:51. | |
ministry? In Rome. They say the first thing that would happen is | :32:51. | :32:55. | |
the water canon. Where is the ministry here, do the protestors | :32:55. | :33:01. | |
want to be ministered to? That is not the question the church asks, | :33:01. | :33:04. | |
this church says this is what the world needs to hear. If people are | :33:04. | :33:08. | |
saying what would Jesus do, Jesus would have been on the side of the | :33:08. | :33:12. | |
protestors? No he wouldn't, he would have ploughed a completely | :33:12. | :33:17. | |
different Faroe saying you are worrying about the wrong thing. | :33:17. | :33:20. | |
are called to be between the authority and the people. If you | :33:20. | :33:23. | |
are talking about signals, the Archbishop of Canterbury said | :33:23. | :33:28. | |
clearly there was a problem. It is perfectly legitimate to think that | :33:28. | :33:30. | |
some of the protestors could be following his lead. In that case | :33:30. | :33:34. | |
what happens in the next 48 hours. There will be evictions, what will | :33:34. | :33:38. | |
happen? I don't know what will happen, I'm longing for somebody | :33:38. | :33:42. | |
like Dr Williams to say, look this is Jesus message, it is that you | :33:42. | :33:46. | |
are all off message there is something much more important to | :33:46. | :33:49. | |
worry about than the City of London, than what we are earning, there is | :33:49. | :33:57. | |
another life to worry about. Do you think that Rowan Williams should go | :33:57. | :34:02. | |
there? He would be reluctant to go over the head of the bishop in | :34:02. | :34:06. | |
charge of this. And very competently. And very competently, | :34:06. | :34:11. | |
when the riots occurred in August, the Bishop of London was one of the | :34:11. | :34:15. | |
few really cogent voices saying we can call for more law and order, | :34:15. | :34:19. | |
but frankly that is obvious. What we need to understand is why these | :34:19. | :34:25. | |
things are happening, and what we mustn't be, and the words he used | :34:25. | :34:29. | |
is, what we mustn't be is in a sealed bubble. If there is any | :34:29. | :34:33. | |
injuries or trouble during eviction, that will not reflect very well? | :34:33. | :34:36. | |
will ruin the reputation of the Church of England for a generation. | :34:36. | :34:40. | |
It will ruin the reputation for a generation? Not a generation. What | :34:40. | :34:43. | |
is going on in the Church of England is financial meltdown. What | :34:43. | :34:49. | |
I would love to hear is a church woman orman coming out and giving | :34:49. | :34:57. | |
the real message of Jesus which is to do with nothing here. | :34:57. | :35:04. | |
A Smoking detective in a reindeer patterned jumper. That is the | :35:05. | :35:10. | |
Daneer drama The Killing, over on 20 episodes on BBC Four, half a | :35:10. | :35:15. | |
million viewers got to know Sarah Lund slowly, as she worked on a | :35:15. | :35:20. | |
devastating murder case with consequences for her personal life. | :35:20. | :35:24. | |
The actor coroborated with the writer and director in shaping her | :35:24. | :35:29. | |
character. You in a sense inhabit some of the archetypal | :35:29. | :35:34. | |
characteristics of a male detective. Failed marriage, your problem with | :35:34. | :35:37. | |
smoking, you turn it around and make it very much your own. You are | :35:37. | :35:41. | |
kind of slightly all at sea when it comes to your mother, your | :35:41. | :35:44. | |
exhusband, your partner, your son, but at work you are on top of your | :35:44. | :35:54. | |
:35:54. | :35:55. | ||
game all the time? We all felt that the story of the woman in a dilemma | :35:55. | :36:00. | |
between work and family, work and love stories, you know, the whole | :36:00. | :36:09. | |
battle between that, that I, of course, as a woman, I'm totally | :36:09. | :36:13. | |
aware that is how it is. We thought it had not relevant and it had been | :36:13. | :36:19. | |
told so many times. We thought we didn't want to focus, there is not | :36:19. | :36:24. | |
really a dilemma in that for this character, her marriage, her | :36:24. | :36:34. | |
:36:34. | :36:48. | ||
biggest relationship is with her It is interesting now for feminism | :36:48. | :36:53. | |
to look at that and say that is a perfectly legitimate way to run | :36:53. | :36:59. | |
your life? I don't know if I would recommend it to anyone, men or | :36:59. | :37:09. | |
:37:09. | :37:09. | ||
women. I don't know if it makes you happy, but for a story, for the | :37:09. | :37:16. | |
dramatic rules of drama, it is true. While you have quite male | :37:16. | :37:23. | |
characteristics in terms of how you maybe approach the case, your | :37:23. | :37:29. | |
intuition is very female. You have imbued the character with intuition, | :37:29. | :37:37. | |
which is a feministic, it pays off? It is funny you call it intuition, | :37:37. | :37:47. | |
:37:47. | :38:00. | ||
This role has challenged my own views of what is feminism and what | :38:00. | :38:08. | |
is masculine. And I must say, that it has liberated a lot of my own | :38:08. | :38:13. | |
very fixed thoughts about which is which. Because I don't know, it is | :38:13. | :38:20. | |
a gut feeling or intuition, as you say, is that feminine or masculine | :38:20. | :38:26. | |
trait? I find that...Maybe It is just a good detective. Yeah. I love | :38:26. | :38:30. | |
the way the camera focuses on your face, you give so little away. Is | :38:30. | :38:35. | |
that what you wanted to do, less is more in the way to interpret the | :38:35. | :38:43. | |
character? We decided earlier on that was our goal, to create this | :38:43. | :38:46. | |
very secretive character. Where you didn't reveal everything. I think | :38:46. | :38:56. | |
:38:56. | :39:11. | ||
we both found that it was more I actually remember at the wrap up | :39:11. | :39:16. | |
party, at the end of the 20 episodes, we had a goodbye party, | :39:16. | :39:23. | |
and the writer came up to me and said, I think that around episode | :39:23. | :39:30. | |
18, I think we got the character, she was there. Which was wonderful, | :39:30. | :39:36. | |
of course, I knew what I meant. After 18 episodes she was almost | :39:37. | :39:42. | |
striped of everything. We are about to see series two of The Killing, | :39:42. | :39:46. | |
not 20 episodes but ten. You have been sent to a small town as a | :39:47. | :39:52. | |
passport inspector, and then you're called back. When you started | :39:52. | :39:56. | |
shooting this, did you know what was going to happen when you were | :39:56. | :40:02. | |
called back? Like we always work, I only had that first script that we | :40:02. | :40:08. | |
were working on. Because nothing else was written. But, of course, I | :40:08. | :40:13. | |
always have the writer telling about the bigger lines. But I don't | :40:13. | :40:23. | |
know where the story is going, and I'm actually working on the third | :40:23. | :40:28. | |
season now. I don't know where it is going. And presumably | :40:28. | :40:32. | |
singlehandedly you have turned round the Faroe Isles economy by | :40:32. | :40:37. | |
that jumper? I hope, they need it, like the rest of us. Thank you very | :40:37. | :40:42. | |
much indeed. Is the world a violent place? | :40:42. | :40:46. | |
Almost certainly, yes. A position reinforced by the images that flash | :40:46. | :40:50. | |
daily on to our TV and computer screens from around the world. Is | :40:50. | :40:55. | |
it a lot less violent than it was, despite the of the repeated | :40:55. | :40:59. | |
assertion that the 20th century was the bloodiest in history. Steven | :40:59. | :41:03. | |
Pinker argues in his new book, The Better Angels of Nature, after a | :41:03. | :41:07. | |
phrase by Abraham Lincoln, that despite world wars, civil wars, | :41:07. | :41:11. | |
invasions and long-running conflicts, a range of cultural, | :41:11. | :41:15. | |
social and scientific changes, the rise of empathy and reason, have | :41:15. | :41:19. | |
ensured that the world has become a less violent place. | :41:19. | :41:24. | |
Steven Pinker, first of all, do people regard or recoil from | :41:24. | :41:29. | |
violence more now because of philosophical issues, or simply | :41:29. | :41:32. | |
because of pragmatic issues. For example, if someone was to set off | :41:33. | :41:38. | |
a nuclear bomb a lot of us would not be here again, is it | :41:38. | :41:41. | |
pragmatisim or philosophical? think it is a bit of each. I think | :41:41. | :41:47. | |
the theory that we owe the theory of peace to of the last six decades | :41:47. | :41:52. | |
to the nuclear bomb I think is wrong. For one thing, there was | :41:52. | :41:57. | |
plenty of memory from World War II, that good old fashioned tanks and | :41:57. | :42:01. | |
artillery and good old aerial bombardment could do so much damage | :42:01. | :42:05. | |
that nobody wanted a rematch some time soon. Because the nuclear bomb | :42:05. | :42:11. | |
is so useless as a tactic in war, other than deterring all out | :42:11. | :42:15. | |
annihilation, that it was almost taken off the table as a live | :42:15. | :42:21. | |
option. That is why so often in the last decade a non-nuclear power as | :42:21. | :42:26. | |
defied a nuclear one. Argentina knew Britain wouldn't retaliate | :42:26. | :42:31. | |
with a nuclear strike. Isn't part of the reason people are less | :42:31. | :42:36. | |
depreposed to violence is we are a much more interconnected world, and | :42:36. | :42:41. | |
it is not just faceless masses being mown down? I think so, it is | :42:41. | :42:45. | |
not a coincidence that the enlightenment, such as the | :42:45. | :42:51. | |
abolition of slavery, and things like disemboweling and breaking on | :42:51. | :42:56. | |
the wheel, came after an enormous expansion of book publishing, | :42:56. | :43:02. | |
travel, music, cosmopolitan cities, the advances the last 60 year, the | :43:02. | :43:07. | |
civil rights he have illusion, the women's rights he have illusion, | :43:07. | :43:11. | |
the electronic global village. It is hard to extol the buetyo of war | :43:11. | :43:16. | |
when you have images of a naked girl running from a napalm attack | :43:16. | :43:21. | |
and the reality of war is brought home to you. You are in the habit | :43:21. | :43:23. | |
of seeing the world from other people's points of view. Imagining | :43:24. | :43:28. | |
what it is like to be someone else, by reading their words and history | :43:28. | :43:34. | |
and memoirs. That is interesting, that doesn't, that would not | :43:34. | :43:38. | |
necessary - necessarily be the case when it comes to the war in the | :43:38. | :43:42. | |
Balkans, people were seeing their neighbours, and in Kosovo, people, | :43:42. | :43:47. | |
their neighbours they were mowing them down. There was a senseless | :43:47. | :43:53. | |
violence and genocidal violence. That in itself, it may be more | :43:53. | :43:57. | |
compartmentalised, but there is no improvment in human nature is | :43:57. | :44:01. | |
there? I don't think there was an improvement of human nature, we are | :44:01. | :44:05. | |
born violent and always have been, it is different aspects of human | :44:05. | :44:10. | |
nature engaged by the world. Human nature comprises a lot of ugly | :44:10. | :44:16. | |
motives, revenge and tribunalism, but motives like empathy, self- | :44:16. | :44:23. | |
control and reason. It is which one of those, the better angels, or the | :44:23. | :44:26. | |
inner demons, gets engaged in the world we live in. In violence and | :44:26. | :44:29. | |
war, we are talking about the economy tonight. Do you, you seem | :44:29. | :44:39. | |
:44:39. | :44:40. | ||
to say in your book that we generally unjustifiably unpest | :44:40. | :44:46. | |
mistic, we are move glass half full rather than empty. At the very | :44:47. | :44:53. | |
least we need to show grattaid for what we have done right, - | :44:53. | :44:57. | |
gratitude for what we have done right. The world of the journalism | :44:57. | :45:01. | |
is biased, there is enough violence to fill the news, news is full of | :45:01. | :45:05. | |
things that go bang and people get hurt. When you have millions dying | :45:05. | :45:09. | |
peacefully from Alzheimer's dae disease, cancer, heart attacks, it | :45:09. | :45:17. | |
is not cameras filming those deaths, violence can be distorted by | :45:17. | :45:20. | |
horrific images on the news. suggest reasons to be cheerful | :45:20. | :45:26. | |
rather than reasons not to be unhappy? Among other things the | :45:26. | :45:29. | |
threat of global nuclear annihilation has been taken away. | :45:29. | :45:36. | |
Which is what many of us grew up with. In a modern society we have a | :45:36. | :45:41. | |
30th chance of being murdered as our medieval ancestors. Women, | :45:41. | :45:44. | |
racial minorities and gay people no longer have the threat of violence | :45:44. | :45:50. | |
in the home and streets. And we have abolished barbaric practices | :45:50. | :45:56. | |
like human sacrifices and prisons. No more human sacrifice! Tomorrow | :45:56. | :46:02. | |
morning's front pages, in the Telegraph, St Paul's branded a | :46:02. | :46:12. | |
:46:12. | :46:31. | ||
That's all from Newsnight tonight, if you have been out this | :46:31. | :46:41. | |
:46:41. | :47:03. | ||
Hallowe'en, hope you did well. Good Good evening. Some heavy rain | :47:03. | :47:07. | |
tonight, pushing from west to east. The rain will gradually ease in the | :47:07. | :47:10. | |
morning. Producing cloudy and damp start for eastern England, further | :47:10. | :47:13. | |
west heavy showers around, increasing amounts of sunshine. | :47:13. | :47:17. | |
Showers decay into the afternoon. It is looking like a pleasant start | :47:17. | :47:20. | |
to November for many. In northern England light winds, longer spells | :47:20. | :47:24. | |
of sunshine. Feeling warmer than today. Temperatures on the face of | :47:24. | :47:28. | |
it a few degrees down. The far south-east corner, including Sussex | :47:28. | :47:32. | |
and Kent may take all day for the skies to clear, and to see a little | :47:32. | :47:37. | |
bit of sunshine. Most low cloudy throughout, rain heavy for a time | :47:37. | :47:40. | |
but easing. Into the south west and through Wales the morning showers, | :47:40. | :47:43. | |
of course, which could be heavy, will gradually said one or two into | :47:43. | :47:47. | |
the second half of the day. Most dry and bright. Same too in | :47:47. | :47:51. | |
Northern Ireland, any early showers here will disappear, for most it | :47:51. | :47:55. | |
will be a predominantly dry and sunny day. Big improvements on | :47:55. | :47:58. | |
Monday's weather. Still showers in North West Scotland, the rest of | :47:58. | :48:08. | |
:48:08. | :48:19. |