Browse content similar to 10/03/2016. Check below for episodes and series from the same categories and more!
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European Central Bank pulls out all the stops to turn around the | :00:08. | :00:14. | |
Eurozone, how is Britain placed? If our economy falters, how | :00:15. | :00:18. | |
well-equipped is the Chancellor to meet his own debt targets? With the | :00:19. | :00:23. | |
UK budget due next week, we will be asking just how the economy is | :00:24. | :00:28. | |
bearing up. Becky Watts, the Bristol teenager, murdered by her own | :00:29. | :00:31. | |
stepbrother. Tonight, we speak to her father in the first interview | :00:32. | :00:36. | |
since his harrowing memoir. Do you still want him dead? If they were | :00:37. | :00:45. | |
going to hang him, I would pull the lever so no one else would have to | :00:46. | :00:49. | |
carry that guilt. The government is under increasing pressure over arms | :00:50. | :00:54. | |
sales to Saudi Arabia. British weapons being used to kill civilians | :00:55. | :00:58. | |
in Yemen and is the British government breaking the law? And the | :00:59. | :01:02. | |
60 year mystery of the missing France is broken -- Wickham nude | :01:03. | :01:11. | |
solved and seen for the first time on British television. Good evening. | :01:12. | :01:18. | |
The European Central Bank sent a clear signal today | :01:19. | :01:20. | |
that it is somewhat perturbed by the failure of the Eurozone | :01:21. | :01:23. | |
to deliver growth, and in an attempt to spark it, cut all three | :01:24. | :01:26. | |
of its interest rates, setting a lending rate to zero | :01:27. | :01:28. | |
interest, and droppping the deposit rate further into | :01:29. | :01:30. | |
The ECB also annouced a bond-buying spree, | :01:31. | :01:35. | |
All this is in turn likely to play into George Osborne's Budget | :01:36. | :01:41. | |
calculations next Wednesday with UK economic growth hardly | :01:42. | :01:43. | |
Here's our Policy Editor Chris Cook whose had his calculator out. | :01:44. | :01:52. | |
How much room is there in George Osborne's red box? | :01:53. | :01:56. | |
The bad news for the Chancellor is that economists | :01:57. | :02:00. | |
expect he's not going to have a lot of space for rabbits. | :02:01. | :02:03. | |
Indeed, today, the European Central Bank launched a massive | :02:04. | :02:07. | |
package of measures, because the European economy, | :02:08. | :02:09. | |
our trading doorstep, is in serious trouble. | :02:10. | :02:13. | |
The Chancellor himself issued some warnings, | :02:14. | :02:14. | |
The economy is smaller than we thought, in Britain. | :02:15. | :02:22. | |
We also know that global risks are growing and | :02:23. | :02:24. | |
Britain is not immune to those things. | :02:25. | :02:33. | |
George Osborne sought to trap the Labour Party by setting | :02:34. | :02:35. | |
The idea was to show up their profligacy | :02:36. | :02:44. | |
to contrast with his iron Chancellorship. | :02:45. | :02:45. | |
The slight problem is he may be caught in his own trap. | :02:46. | :02:48. | |
For example, the first of those fiscal rules stated that in each | :02:49. | :02:51. | |
year of this Parliament, the size of our national debt should | :02:52. | :02:54. | |
grow more slowly than the size of our economy. | :02:55. | :02:56. | |
Put another way, the national debt, measured as a share of GDP, | :02:57. | :02:59. | |
should fall in each year of this Parliament. | :03:00. | :03:02. | |
Now, looking at this graph of national debt as a share of GDP, | :03:03. | :03:05. | |
you can see how, as the financial crisis hit, our national | :03:06. | :03:08. | |
It shoots up, doubling from under 40% | :03:09. | :03:11. | |
Mr Osborne's plan is that in the years ahead, we will start | :03:12. | :03:16. | |
chiselling away at that, by having our economy | :03:17. | :03:18. | |
This man was a forecaster at the Office for Budget | :03:19. | :03:23. | |
He was a senior economist who worked out the Chancellor's room | :03:24. | :03:28. | |
for manoeuvre and he is still quite close to the spreadsheets. | :03:29. | :03:30. | |
The government is quite likely to miss its fiscal rules. | :03:31. | :03:35. | |
The reason is, it only ever had a very small margin, anyway. | :03:36. | :03:37. | |
What it needed was for debt to rise less | :03:38. | :03:40. | |
It looks like there is bad news on both fronts. | :03:41. | :03:50. | |
It looks like there is a little more borrowing and GDP growth to be quite | :03:51. | :03:54. | |
That small margin of falling in the debt ratio is looking | :03:55. | :03:58. | |
George Osborne's second fiscal rule state | :03:59. | :04:04. | |
that in the year 2019-2020, the state should take more in taxes | :04:05. | :04:06. | |
In short, it should run a fiscal surplus. | :04:07. | :04:10. | |
That is a surprisingly rare event in fiscal history. | :04:11. | :04:15. | |
His problem is, though, that the single-most important | :04:16. | :04:18. | |
determinate of whether he will make that target is economic growth. | :04:19. | :04:20. | |
That is something which isn't going his way. | :04:21. | :04:27. | |
Developments since the Autumn Statement probably moved slightly | :04:28. | :04:31. | |
The bad news has probably been slightly larger | :04:32. | :04:40. | |
That means he may be facing either a smaller surplus in 2019 Ball | :04:41. | :04:44. | |
That means he may be facing either a smaller surplus in 2019 or perhaps | :04:45. | :04:48. | |
having the package of measures in the budget that he would | :04:49. | :04:50. | |
Economic modellers would disagree on how far we can expect | :04:51. | :04:54. | |
economic activity to fall short to how far the Chancellor must move. | :04:55. | :04:57. | |
We are going into 2016 with what looks like | :04:58. | :05:00. | |
The good news for the Chancellor is that some of that will be made up | :05:01. | :05:09. | |
by lower interest rates with the Bank of England | :05:10. | :05:11. | |
That means the cost of borrowing is lower and the Government | :05:12. | :05:16. | |
It could roughly offset borrowing this year. | :05:17. | :05:21. | |
But looking ahead, things don't look quite so good. | :05:22. | :05:23. | |
The economy is likely to grow bit more | :05:24. | :05:25. | |
slowly, fewer tax receipts flowing around for the Chancellor to spend. | :05:26. | :05:30. | |
That could leave another ?5,000,000- ?10 billion black hole in the public | :05:31. | :05:33. | |
He may feel he needs to correct that. | :05:34. | :05:36. | |
It's important to also consider the shadow of the European | :05:37. | :05:38. | |
Remember, first of all, that the Chancellor would | :05:39. | :05:42. | |
like you to vote for the In Campaign and that he won't want you to be | :05:43. | :05:46. | |
irritated with him in the next few months. | :05:47. | :05:48. | |
That might make him less radical than he | :05:49. | :05:50. | |
Remember, also, that the Chancellor will have less | :05:51. | :05:53. | |
support from his backbenchers, half of whom would like him to lose | :05:54. | :05:56. | |
the European referendum, than he otherwise might. | :05:57. | :06:01. | |
Both of these things hint that he might be more timid | :06:02. | :06:04. | |
in this budget than he otherwise might be. | :06:05. | :06:10. | |
The Chancellor's fiscal mandate requires him to have a surplus | :06:11. | :06:12. | |
in 2019-2020, obviously we are only now in the budget of 2016. | :06:13. | :06:15. | |
There are another five fiscal statements between now | :06:16. | :06:17. | |
and when he has to achieve his surplus target. | :06:18. | :06:23. | |
It could be that bigger, more controversial decisions or more | :06:24. | :06:30. | |
significant tax increases or spending cuts get deferred | :06:31. | :06:33. | |
until after the referendum on membership of the EU. | :06:34. | :06:35. | |
In short, the Chancellor may well break a fiscal | :06:36. | :06:37. | |
rule this year, but he has crashed through targets before. | :06:38. | :06:39. | |
In the long term, though, that red box could get | :06:40. | :06:42. | |
What's the most important thing we can take away from it? | :06:43. | :06:53. | |
The thing to dwell on is just how big they went today, they didn't | :06:54. | :07:00. | |
just increase the size of their cue the programme. They attempt to get | :07:01. | :07:06. | |
liquidity cash into the banks, they did not just increase it in size but | :07:07. | :07:12. | |
scope. Did they move into buying corporate bonds? So that people who | :07:13. | :07:16. | |
are not helped in the traditional monetary transmission mechanism can | :07:17. | :07:21. | |
be helped another way. It is worth dwelling on the fact that they will | :07:22. | :07:25. | |
effectively be paying banks to lend out of money. They are ready pulling | :07:26. | :07:30. | |
all the levers they can find. This is a bank in Frankfurt, this is not | :07:31. | :07:35. | |
an institutionally rebellious place. That is how bad things are in | :07:36. | :07:39. | |
Europe, they are really worried about them in Munich continent. | :07:40. | :07:40. | |
Thank you. Joining me now from Paris | :07:41. | :07:43. | |
is Stephanie Flanders, JP Morgan Asset Management's chief | :07:44. | :07:48. | |
market strategist for Britain and Europe and here in the studio | :07:49. | :07:50. | |
Allister Heath deputy editor Good evening, we will talk of next | :07:51. | :07:59. | |
week's budget in a moment. Stephanie, what do you make of the | :08:00. | :08:04. | |
ECB move? Back to growth in Britain and America. Europe still in a slump | :08:05. | :08:12. | |
and ECB steadfast refusal to do anything over the last eight years. | :08:13. | :08:16. | |
It was behind the curve for quite a long time and ironically it is | :08:17. | :08:21. | |
ending up having to innovate and go further than either the UK or the US | :08:22. | :08:26. | |
had to do. Part of what happened today was they had to respond to | :08:27. | :08:29. | |
these people who had been saying in the markets in the last few months | :08:30. | :08:33. | |
that we ran out of things Central banks can do, we have seen the bank | :08:34. | :08:37. | |
of Japan cut interest rates into negative territory and that didn't | :08:38. | :08:41. | |
seem to have a positive effect on confidence. Can the ECB do anything | :08:42. | :08:45. | |
about the fact that inflation is heading lower in Europe and growth | :08:46. | :08:50. | |
is not very strong? They had to show they can do lots of different things | :08:51. | :08:59. | |
while also bringing in lots of technical ways that I won't get into | :09:00. | :09:01. | |
to avoid the downsides of those negative rates. Chris mentioned you | :09:02. | :09:03. | |
have an odd situation where they will pay banks to borrow from them. | :09:04. | :09:07. | |
It shows how weird and dysfunctional we have got in terms of central bank | :09:08. | :09:12. | |
policy. One of the other thing is responding to was the forecast | :09:13. | :09:15. | |
looking worse. They are not expecting inflation to be more than | :09:16. | :09:20. | |
0.1% at the end of this year. They will not get anywhere near their | :09:21. | :09:25. | |
targets. They had to act. They are reaching their limits of what the | :09:26. | :09:29. | |
central bank can do. If this is the limit, it has come pretty quickly | :09:30. | :09:32. | |
after having done pretty well nothing. Is monetary policy enough? | :09:33. | :09:37. | |
I do think so. I am worried about the fact that 80 years after the | :09:38. | :09:41. | |
start of the financial crisis, the great recession, central banks are | :09:42. | :09:45. | |
still having to do that, pump cash into the economy, cut interest rates | :09:46. | :09:50. | |
to zero. It is worrying. It is not just about central banks, | :09:51. | :09:54. | |
governments need to deregulate and kick-start the European economies. A | :09:55. | :09:59. | |
big structural change? They need to tear up the old European model which | :10:00. | :10:03. | |
still hasn't changed. Countries like Italy are stuck in this 15 year long | :10:04. | :10:07. | |
slump. Countries like France need to do much more than what they are | :10:08. | :10:12. | |
currently doing. We need far more deregulation and market-based | :10:13. | :10:15. | |
reforms and more incentives into the system from which we can create an | :10:16. | :10:23. | |
innovate. But not borrowing? No. The solution is not borrowing more. | :10:24. | :10:28. | |
Stephanie, what about government spending more on infrastructure? | :10:29. | :10:31. | |
Germany, for example, Germany holds onto its money tightly. Interesting | :10:32. | :10:37. | |
because you have some parts of the Eurozone probably don't have much | :10:38. | :10:40. | |
scope to borrow a lot more but if you took the Eurozone as a country | :10:41. | :10:45. | |
on average, you would say that fiscal policy was a bit tight given | :10:46. | :10:49. | |
how weak the economy is. It is partly a reflection of the | :10:50. | :10:52. | |
constraints on the Eurozone that they can't impose a kind of optimal | :10:53. | :10:57. | |
Eurozone fiscal policy. We can only look to individual countries. Marry | :10:58. | :11:02. | |
a drag it, the president of the European Central Bank signalled he | :11:03. | :11:09. | |
wanted more policies. Let's turn to the budget next week. It is almost a | :11:10. | :11:15. | |
phoney budget, have you ever imagined anything like it? It will | :11:16. | :11:19. | |
be incredibly weird. This is the kind of budget where chances ought | :11:20. | :11:23. | |
to be taking drastic action, making radical reform is not necessarily | :11:24. | :11:28. | |
popular. But in fact, I can't see the Chancellor doing any of that. He | :11:29. | :11:33. | |
is stuck because growth has slowed. I still think the UK economy is | :11:34. | :11:37. | |
growing, we are not in recession or about to tip into recession but we | :11:38. | :11:42. | |
are growing less quickly than he had hoped for. Fewer tax receipts, quite | :11:43. | :11:45. | |
a few problems in the years ahead. What does he have to do? Not much he | :11:46. | :11:52. | |
can sell, worries about fuel duty. Warriors from his backbenchers. He | :11:53. | :11:58. | |
is not going to reform pensions. I think that is good. He could pick up | :11:59. | :12:04. | |
taxes but that is dangerous -- put up taxes. That is dangerous right | :12:05. | :12:09. | |
now. He needs more growth. You don't get more growth by increasing taxes. | :12:10. | :12:13. | |
As Chris was pointing out, Stephanie, it is this obsession | :12:14. | :12:18. | |
about targets, getting rid of the deficit, making sure debt as a | :12:19. | :12:22. | |
percentage of GDP not falls over the long-term but every year, what is | :12:23. | :12:28. | |
the point of sticking to this? Particular target for having the | :12:29. | :12:32. | |
debt ratio fall over the next few years does seem, to a lot of people, | :12:33. | :12:35. | |
when it was announced, pretty arbitrary. Also, subject to pretty | :12:36. | :12:41. | |
big forecasting errors, which we may see next week. It also encourages | :12:42. | :12:47. | |
him to do fancy techniques just at the last minute that properly don't | :12:48. | :12:50. | |
make much economic sense just to meet that rule. It rather goes | :12:51. | :12:53. | |
against what he said when he introduced these things that he did | :12:54. | :12:57. | |
not want to go back to the Gordon Brown creative approach to fiscal | :12:58. | :13:00. | |
rules. He wanted to have simple things that could be easily measured | :13:01. | :13:06. | |
and understood. You feel like we may actually get quite a lot of fancy | :13:07. | :13:10. | |
engineering to make sure he means what is a bit of a silly and | :13:11. | :13:14. | |
arbitrary rule. I do think it is silly or arbitrary, the Chancellor | :13:15. | :13:17. | |
is right to want to balance the budget in a few years' time. He is | :13:18. | :13:22. | |
right for tighter fiscal policy but the problem is he has not gone far | :13:23. | :13:25. | |
enough and it is not working. The deficit will be too high and that | :13:26. | :13:29. | |
will be a problem because the Chancellor's legacy is meant to be | :13:30. | :13:35. | |
about fixing the public finances. He needs to do that, he needs to do | :13:36. | :13:38. | |
more. Thank you both very much indeed. | :13:39. | :13:40. | |
The murder of your child is unimaginable, but when that | :13:41. | :13:43. | |
murder is committed by your wife's son, whom you have helped to raise | :13:44. | :13:46. | |
and called your son, the layers of trauma are never ending. | :13:47. | :13:48. | |
In Bristol, on 19th February last year, 16-year-old Becky Watts | :13:49. | :13:51. | |
was killed and then subsequently dismembered by her 28-year-old | :13:52. | :13:56. | |
stepbrother Nathan Matthews, aided by his 21-year-old partner, | :13:57. | :13:58. | |
Becky's father Darren was, and still is married to Nathan's mother Anji. | :13:59. | :14:05. | |
They have been together for more than 15 years. | :14:06. | :14:07. | |
Nathan Matthews admitted manslaughter, but not murder, | :14:08. | :14:18. | |
has never apologised and, locked away | :14:19. | :14:21. | |
for 33 years, he has never fully explained | :14:22. | :14:23. | |
While Nathan and Shauna sat at Darren and Anji's house | :14:24. | :14:27. | |
with other relatives and friends, waiting for news of Becky, | :14:28. | :14:30. | |
she was, in fact, dead in the boot of his car, outside. | :14:31. | :14:33. | |
Now, Darren Galsworthy has written a book in which he writes | :14:34. | :14:36. | |
about the guilt he feels at not seeing the signs that | :14:37. | :14:39. | |
in his family unit, something was going badly wrong. | :14:40. | :14:41. | |
I spoke to him today in his first television interview | :14:42. | :14:43. | |
She had a wicked sense of humour. You and Anji were putting your | :14:44. | :15:05. | |
family together as many families are now? | :15:06. | :15:06. | |
It was quite strange how it came about, actually. | :15:07. | :15:11. | |
Regardless of how me and Becky's mother was getting on, | :15:12. | :15:14. | |
I would have them at least three nights a week, every week. | :15:15. | :15:21. | |
When things started to go a bit pear shaped... | :15:22. | :15:32. | |
How did your relationship with Nathan develop? | :15:33. | :15:44. | |
He didn't want anyone interfering with him and his mother. | :15:45. | :15:49. | |
The stage where you and Anji got together, Nathan was 12, | :15:50. | :15:56. | |
Becky was two, suddenly Anji wasn't all his? | :15:57. | :16:04. | |
How did he respond towards the other children? | :16:05. | :16:07. | |
Just went straight up into the bedroom. | :16:08. | :16:12. | |
When he was 19, he came to the house with girls and a car, | :16:13. | :16:22. | |
I thought it was one of his many pranks. | :16:23. | :16:25. | |
He had these young girls, they didn't look any more than 12. | :16:26. | :16:30. | |
I said, "what are you doing Nathan, I don't want them to get past | :16:31. | :16:47. | |
the gate, let alone get into the house. | :16:48. | :16:50. | |
Take them back to wherever you found them". | :16:51. | :17:01. | |
whether it is the parents or whatever. | :17:02. | :17:04. | |
Do you wish now that you had gone further with that? | :17:05. | :17:10. | |
Do you think, looking back on that, there were warning signals? | :17:11. | :17:17. | |
In hindsight, there was a lot of what | :17:18. | :17:20. | |
I have been beating myself up for over a year now. | :17:21. | :17:34. | |
What happened when she became anorexic? | :17:35. | :17:41. | |
It was a really difficult period for us. | :17:42. | :17:45. | |
Sometimes she could not even get up the stairs, | :17:46. | :17:59. | |
How was Nathan's attitude towards her anorexia? | :18:00. | :18:03. | |
When she said, to you I think, Dad, you would not be able to protect me | :18:04. | :18:14. | |
Yes, she did say I was an old fogey and I wouldn't be physically able | :18:15. | :18:23. | |
to stop him and all that sort of thing. | :18:24. | :18:26. | |
Do you think now she was trying to tell you something? | :18:27. | :18:33. | |
When Becky told you something, she told you something. | :18:34. | :18:35. | |
There was no second-guessing or anything like that. | :18:36. | :18:39. | |
If she told to something, you were told. | :18:40. | :18:42. | |
In 2008, when Nathan was 21, he brought | :18:43. | :18:47. | |
Shauna home, she was, I gather was only 15? | :18:48. | :18:53. | |
Yeah, he tried telling me she was 19. | :18:54. | :18:55. | |
I said, "I wasn't born yesterday, son. | :18:56. | :18:58. | |
I am not having someone like that in this house." | :18:59. | :19:06. | |
Don't forget, we fought hard to get our kids out of care. | :19:07. | :19:10. | |
We were not only fighting my ex, we were | :19:11. | :19:13. | |
It sounds like at that stage your relationship | :19:14. | :19:20. | |
with Nathan had become quite difficult? | :19:21. | :19:22. | |
He pushed me beyond what I considered to be a prank. | :19:23. | :19:41. | |
But he was in the house because his mother was Anji? | :19:42. | :19:43. | |
When it became clear that she was missing and people were coming to | :19:44. | :19:57. | |
your house, Nathan and Shauna were also in the house with you? | :19:58. | :20:03. | |
But when, I think it was the family liaison officer, | :20:04. | :20:14. | |
said to you there were questions, you were disbelieving, weren't you? | :20:15. | :20:18. | |
Nine times out of ten it is someone they know. | :20:19. | :20:28. | |
And now it turned out that Nathan and Shauna were in the house and in | :20:29. | :20:32. | |
Yes, 12 feet away from where I was sat, her body was in the back | :20:33. | :20:41. | |
And so they ordered a Chinese takeaway? | :20:42. | :20:51. | |
In the book you say that in court you heard the counsel say that two | :20:52. | :20:57. | |
years earlier Becky had told a friend that Nathan had described | :20:58. | :20:59. | |
in graphic detail how he planned to kill her. | :21:00. | :21:02. | |
Yes, that was the first we heard of it, in the court. | :21:03. | :21:08. | |
I think what I am struggling to understand is, | :21:09. | :21:12. | |
it would have been terrifying, because he apparently | :21:13. | :21:14. | |
told her several times in graphic detail... | :21:15. | :21:16. | |
Yeah, I didn't understand why she didn't come to us. | :21:17. | :21:20. | |
You and Anji are parents to both the murdered and the murderer. | :21:21. | :21:34. | |
Do you think ever of Nathan now as your son? | :21:35. | :21:36. | |
"People often ask me how I feel about Nathan after what he did. | :21:37. | :21:41. | |
Of course, I still love him, he is my son. | :21:42. | :21:51. | |
When you're a mother, you cannot ignore that unconditional | :21:52. | :21:53. | |
love for your children, no matter what they do." | :21:54. | :21:56. | |
How do you deal with Anji's continuing love for Nathan? | :21:57. | :21:59. | |
It is a bit of a sore subject for me. | :22:00. | :22:01. | |
I understand that unconditional love for an infant is fine, | :22:02. | :22:10. | |
but not when they have turned into a monster. | :22:11. | :22:14. | |
I just can't get my head around that. | :22:15. | :22:18. | |
If it was Danny who was the monster, I would have real problems showing | :22:19. | :22:23. | |
I would find that very difficult after something | :22:24. | :22:35. | |
I would, if they were going to hang him, I would pull the lever, | :22:36. | :22:43. | |
so no one else would have to carry that guilt. | :22:44. | :22:46. | |
Since Saudi Arabia entered the conflict in Yemen a year ago | :22:47. | :22:55. | |
with air strikes, there have been repeated calls for Britain | :22:56. | :22:58. | |
to stop selling weapons, including jets and precision bombs, | :22:59. | :23:00. | |
to the Saudis until allegations of war crimes | :23:01. | :23:02. | |
The UN estimates that some 2,800 civilians have been killed. | :23:03. | :23:10. | |
Newsnight has learned that lawyers for Campaign Against The Arms Trade | :23:11. | :23:13. | |
have now begun legal proceedings against | :23:14. | :23:15. | |
the Department for Business, Innovation and Skills. | :23:16. | :23:18. | |
Gabriel Gatehouse is here with the details. | :23:19. | :23:25. | |
Gabriel, you have followed this story and broken this story on many | :23:26. | :23:31. | |
occasions in different ways. What are they calling for? Lead a rate of | :23:32. | :23:40. | |
the government back in November about the sale of arms to Yemen. | :23:41. | :23:47. | |
They have now begun formal legal proceedings. They are seeking a | :23:48. | :23:52. | |
judicial review for the Department for Business, Innovation and Skills' | :23:53. | :23:55. | |
decision to license and export arms to Saudi Arabia. The UK arms | :23:56. | :24:00. | |
exporting criteria safe arms must not be exported if there is a clear | :24:01. | :24:06. | |
risk that the equipment might be used in violation of international | :24:07. | :24:16. | |
humanitarian law. The lawyers say there is a wealth of building up | :24:17. | :24:20. | |
evidence of that from UN panels of experts who talk about widespread | :24:21. | :24:22. | |
systematic attacks was Williams, schools, hospitals, other | :24:23. | :24:24. | |
organisations like Human Rights Watch, and our own reporting from a | :24:25. | :24:29. | |
bottling plant which was struck in Yemen last year. A judge will rule | :24:30. | :24:33. | |
on whether the UK is breaking its own laws essentially, and if it | :24:34. | :24:37. | |
decides that, the lawyers will ask for a prohibition order to prevent | :24:38. | :24:43. | |
them from selling weapons while the secretary of state reviews this. The | :24:44. | :24:49. | |
lawyers say the UK has failed to call for an investigation. That is | :24:50. | :24:53. | |
not quite true. This is what Philip Hammond said Newsnight in November. | :24:54. | :24:56. | |
The Saudis deny that there have been any breaches of international | :24:57. | :24:59. | |
Obviously, that denial alone is not enough. | :25:00. | :25:02. | |
We need to see proper investigations. | :25:03. | :25:07. | |
Now, Philip Hammond has not repeated that assertion in that way since. | :25:08. | :25:15. | |
The Saudis have since launched an investigation, but the critics will | :25:16. | :25:19. | |
say you cannot really investigate yourself on these matters. But | :25:20. | :25:24. | |
Parliament is acting now? Yes, another thing that is happening, the | :25:25. | :25:28. | |
Commons committee on arms export control has launched an enquiry into | :25:29. | :25:32. | |
the use of British arms in Yemen. They will be asking for submissions | :25:33. | :25:37. | |
from all sides. They will be getting the kinds of arguments that we have | :25:38. | :25:39. | |
heard, that we see the lawyers talking about, | :25:40. | :25:56. | |
Human Rights Watch etc. They will also be hearing from the other side, | :25:57. | :25:58. | |
the fact that Saudi Arabia is considered an integral part of | :25:59. | :26:00. | |
security policy, and of course, arms sales to Saudi Arabia. Saudi Arabia | :26:01. | :26:02. | |
is Britain's biggest customer for arms sales, ?2.8 billion in sales | :26:03. | :26:07. | |
since the war in Yemen began. The fact is those sales are | :26:08. | :26:09. | |
significantly up since that happened. What is the government | :26:10. | :26:14. | |
saying now? The government says it will not comment on ongoing legal | :26:15. | :26:19. | |
action. It says it supports the work of the committee, it has one of the | :26:20. | :26:23. | |
most robust arms-control regimes in the world. The government is | :26:24. | :26:28. | |
satisfied that existing licences for Saudi Arabia are compliant with the | :26:29. | :26:33. | |
UK licensing criteria. We will see a judge rule on it now. Thank you. | :26:34. | :26:40. | |
When the arguments for remaining or leaving the EU are laid out over | :26:41. | :26:44. | |
the coming weeks who will you trust? | :26:45. | :26:45. | |
Today, Stephen Hawking led 150 Royal Society scientists | :26:46. | :26:51. | |
In a letter to the Times they argued that leaving could be a disaster | :26:52. | :26:56. | |
for science, pointing to the recruitment of researchers | :26:57. | :26:58. | |
We are, the scientists said, "a net receiver of brains," | :26:59. | :27:02. | |
and they went on, "We take more than ?2 billion more | :27:03. | :27:04. | |
in research funds than we give to other EU members." | :27:05. | :27:07. | |
But that claim was disputed by the grouping | :27:08. | :27:09. | |
Scientists For Britain who insist we put far more in than we take out. | :27:10. | :27:12. | |
Joining me now is Angus Dalgleish, professor of Oncology | :27:13. | :27:15. | |
at St George's Hospital in London, and Khuloud Al-Jamal, | :27:16. | :27:22. | |
Associate Professor of Nanomedicine at King's College London. | :27:23. | :27:29. | |
Angus Dalgleish brings Britain is better out of the EU and Khuloud | :27:30. | :27:36. | |
Al-Jamal things Britain is better remaining in the EU. First of all, | :27:37. | :27:42. | |
Professor Dalglish, scientists within the EU greatly increase the | :27:43. | :27:48. | |
level of EU science as a whole, isn't that true? I cannot do is | :27:49. | :27:51. | |
agree with that, they probably do bet you do not need to be in the | :27:52. | :27:54. | |
European Union for that to be the case. What has been suggested is | :27:55. | :28:03. | |
scientists have always been involved in international cooperation, Seo | :28:04. | :28:07. | |
membership of the EU per se is not what drives International | :28:08. | :28:13. | |
cooperation? I think it enriches it in a way, because we have reached a | :28:14. | :28:17. | |
state where we have science without Borders, we can send our students | :28:18. | :28:24. | |
over there, we can receive students and this is something which cannot | :28:25. | :28:28. | |
always be counted financially. The amount of intellectual input we have | :28:29. | :28:32. | |
into science cannot be substituted or the same if we are out of the EU. | :28:33. | :28:40. | |
If it was a case of leave, not remain, those borders would be back | :28:41. | :28:45. | |
up again? Identical we with that at all. The first thing I would like to | :28:46. | :28:51. | |
say is leading the EU is not about leaving science. It has been | :28:52. | :28:55. | |
misconstrued by the scientists thinking the EU is just a vehicle | :28:56. | :29:01. | |
for science and funding. It is a political union organisation, and it | :29:02. | :29:04. | |
is over and above that, and we do not need to be in that political | :29:05. | :29:09. | |
organisation in order to do science. I would just like to challenge the | :29:10. | :29:13. | |
fact that has been bandied about and was repeated by the scientists in | :29:14. | :29:17. | |
the letter, that we get slightly more back than we put in. I am not | :29:18. | :29:24. | |
going to dispute that, and that is an competitive grants, absolutely. | :29:25. | :29:27. | |
It's convenient lever gets there is an infrastructure fund where we only | :29:28. | :29:31. | |
get 2 billion back out of 54 billion. If you add it up we put far | :29:32. | :29:36. | |
more in than we out. I wonder if you would agree that because of our | :29:37. | :29:41. | |
close relationship with the EU, sometimes it would be perhaps easier | :29:42. | :29:47. | |
to seek an alliance with scientists there, because of the rules which | :29:48. | :29:51. | |
govern and funding, rather than take a risk of going further which might | :29:52. | :29:55. | |
deliver slightly better outcomes or maybe not, but we tend to stay | :29:56. | :30:01. | |
within the boundary because it is easier? | :30:02. | :30:05. | |
There has been a 50% increase in what we produce if we do research on | :30:06. | :30:12. | |
an EU level compared with locally. The amount of impact we get is much | :30:13. | :30:18. | |
higher. We would like to strive as being outstanding, not only within | :30:19. | :30:23. | |
the EU level, but globally. We may lose this if we are out of the EU | :30:24. | :30:27. | |
because there might not be the same interest as now of people coming to | :30:28. | :30:33. | |
the EU. That has to be part of the scaremongering, if we leave the EU | :30:34. | :30:36. | |
it will be a disaster and funding will disappear. It is our own | :30:37. | :30:41. | |
funding to start off with. If we left the EU, we should be | :30:42. | :30:45. | |
responsible for our own funding. We are one of the largest trading block | :30:46. | :30:49. | |
in the wild and we have a lead science for years. What about | :30:50. | :30:56. | |
trialling? -- in the world. Does the EU help trialling? Different rules | :30:57. | :31:01. | |
in and out of the EU. Clinical trials? I became a victim of the | :31:02. | :31:07. | |
clinical trial directive. I would have been going on oblivious, like a | :31:08. | :31:11. | |
lot of other people to the European Union if it hadn't stopped and | :31:12. | :31:17. | |
interfered with my treatment of making bespoke vaccines for my | :31:18. | :31:20. | |
patients. I was suddenly told that when the European directive came in | :31:21. | :31:24. | |
I would be breaking it and I would no longer be allowed to do it. I had | :31:25. | :31:27. | |
become a criminal over night for doing what I was doing. What was it | :31:28. | :31:33. | |
you were doing? I was making vaccines, taking blood from | :31:34. | :31:37. | |
patients' arms, putting the blood, but in it in a machine and getting | :31:38. | :31:42. | |
the presenting cells and making a vaccine of the patients blood and | :31:43. | :31:48. | |
injecting it back in. They determined that the laboratories we | :31:49. | :31:53. | |
were doing it in no longer met Hague pharmaceutical conditions. -- no | :31:54. | :31:58. | |
longer met big. We were stopped. It was utterly ridiculous. A big rule | :31:59. | :32:05. | |
for big pharmacological companies. Do you think there could be | :32:06. | :32:11. | |
reformed? This is one view of one particular type of research. If we | :32:12. | :32:17. | |
are looking at the different research, we are looking at | :32:18. | :32:20. | |
attracting top scientists. I was suggesting perhaps that he is a top | :32:21. | :32:26. | |
scientist and he was restricted in what he was doing. As a supporter of | :32:27. | :32:31. | |
the EU, can you see there needs to be change? There can be some | :32:32. | :32:36. | |
discussions about the regulation and why this has been banded. The | :32:37. | :32:41. | |
solution is not coming out of the EU but may be looking at other ways of | :32:42. | :32:43. | |
solving the problem. Thank you. Cash in the Attic, | :32:44. | :32:46. | |
going, going, gone. It's the reason Antiques Roadshow | :32:47. | :32:47. | |
fans queue to have their heirlooms valued, the off-chance that they've | :32:48. | :32:50. | |
had a fortune under their noses, Something similar could be | :32:51. | :32:53. | |
about to happen in the rarefied world of fine art, as a pair | :32:54. | :32:57. | |
of works by a little-known Irish painter, | :32:58. | :33:00. | |
Tony O'Malley, go on sale They could fetch a respectable | :33:01. | :33:02. | |
five-figure sum, but hidden in their frames is another, | :33:03. | :33:08. | |
unseen work, by one of the 20th century's greatest artists, | :33:09. | :33:11. | |
who set a world record Stephen Smith unravels | :33:12. | :33:13. | |
the 60-year-old mystery of a missing As the art historian Rod Stewart | :33:14. | :33:36. | |
said, every picture tells a story. But sometimes second, secret story. | :33:37. | :33:43. | |
Take these two rather fine paintings by the late Irish Tony O'Malley on | :33:44. | :33:51. | |
sale for up to ?30,000, the pair, at Christies in London. What if a | :33:52. | :33:54. | |
reckless late night news show was to have them taken to a private room | :33:55. | :33:59. | |
and taken from their frames like a pair of oysters? What Dolly lustrous | :34:00. | :34:06. | |
pearl might we find, concealed? Very excited. Such a fascinating story, | :34:07. | :34:12. | |
really. He is such an extraordinary artist. He was an extraordinary man. | :34:13. | :34:18. | |
And here it is. On second thoughts, we mustn't get ahead of ourselves. | :34:19. | :34:23. | |
We need to make a flying visit to post-war London, the seedy Soho of | :34:24. | :34:29. | |
afternoon drinking dens and Francis Bacon, one of our greatest artists. | :34:30. | :34:34. | |
He liked to paint on the onside of a canvas, the primed side. -- wrong | :34:35. | :34:43. | |
side. His trip, Lucien Freud became the most expensive study at auction | :34:44. | :34:50. | |
when it went for ?90 million. At one point in his career at Cornwall, | :34:51. | :34:54. | |
Bacon fell out with a partner and went off in a strop, abandoning a | :34:55. | :34:56. | |
work in progress. As you were. Seen here for the first time is that | :34:57. | :35:09. | |
picture. Figure. Unfinished nude by Francis Bacon. Bacon left Saint I've | :35:10. | :35:17. | |
is in a bit of a hurry, he left the board behind -- Saint Ides. | :35:18. | :35:20. | |
He was renting a studio from the sculptor William Redgrave and his | :35:21. | :35:29. | |
wife. It was his wife who gave Omar Ali a large board to paint on. He | :35:30. | :35:38. | |
cut it in half. -- Tony O'Malley. These two separate boards are more | :35:39. | :35:41. | |
consistent with the dimensions he would work on. Does it make your | :35:42. | :35:46. | |
innards shrivel slightly to see this handwriting across a Bacon? Given | :35:47. | :35:51. | |
what he goes for, now? It adds to the story. It is such an interesting | :35:52. | :35:57. | |
story. The Tom Ali on the front is just as much part of the intrigue as | :35:58. | :36:03. | |
the Bacon on the back. The owner of the bottom half got in touch with | :36:04. | :36:07. | |
the owner of the top half. This is the first time these two works would | :36:08. | :36:15. | |
have ever been shown to the public. One of Bacon's friends and drinking | :36:16. | :36:19. | |
buddies was Michael Pappy at who met him as a young man in Soho. He later | :36:20. | :36:27. | |
became his biographer. It is a very strange sketch. But, I suppose, it | :36:28. | :36:32. | |
might be a portrait of the man he was living with at that time. I see | :36:33. | :36:37. | |
it almost like a sort of carnival figure. Like a Venice Carnival when | :36:38. | :36:41. | |
they had those sort of masks with the big noses. If you and I were to | :36:42. | :36:47. | |
go through the bins at the French house and turn up all of the old | :36:48. | :36:52. | |
beer mats, would we find Bacon Bru on the back? He avoided doing little | :36:53. | :36:57. | |
doodles. He restricted what he let out. He only wanted to let out the | :36:58. | :37:01. | |
pictures he really approved of. And the sketches he would have destroyed | :37:02. | :37:07. | |
but he was also careless. It is on record that he went and bought | :37:08. | :37:11. | |
something for a considerable amount of money at auction in order to | :37:12. | :37:18. | |
destroy it, one of his own works. He was a ruthless self editor. The | :37:19. | :37:22. | |
newly revealed canvas isn't being billed as a Bacon but offered as the | :37:23. | :37:27. | |
two Tom O'Malley's on the other side. Why? As an unfinished work it | :37:28. | :37:31. | |
is very hard to know what people would be willing to spend on it. If | :37:32. | :37:36. | |
someone was interested in the Bacon on the reverse, who knows what | :37:37. | :37:41. | |
people would pay for that? That is the joy of auction, we will find out | :37:42. | :37:48. | |
on the day. Are there still Bacons hidden somewhere? Are there still | :37:49. | :37:51. | |
traces of this extraordinary artist that have yet to surface? Good point | :37:52. | :37:54. | |
to leave it on. Verse that spans 12 centuries | :37:55. | :37:58. | |
is included in a new anthology of Poems That Make Grown Women Cry, | :37:59. | :38:01. | |
a companion volume to Amnesty International's best selling | :38:02. | :38:03. | |
Poems That Make Grown Men Cry. We leave you with Vanessa Redgrave | :38:04. | :38:09. | |
reading from her choice, Wildred Owen's poem | :38:10. | :38:12. | |
"Strange Meeting". It seemed that out of battle | :38:13. | :38:16. | |
I escaped Down some profound dull | :38:17. | :38:32. | |
tunnel long since scooped Through granites which | :38:33. | :38:34. | |
titanic wars had groined. Yet all so there encumbered sleepers | :38:35. | :38:38. | |
groaned, Too fast in thought | :38:39. | :38:48. | |
or death to be bestirred. Then as I probed them, | :38:49. | :38:52. | |
one sprang up, and stared, With piteous recognition | :38:53. | :38:57. | |
in fixed eyes, Lifting distressed | :38:58. | :39:04. | |
hands, as if to bless. And by his smile, | :39:05. | :39:10. | |
I knew that sullen hall. By his dead smile, | :39:11. | :39:16. | |
I knew we stood in Hell. "I am the enemy you | :39:17. | :39:25. | |
killed, my friend. I knew you in this dark: | :39:26. | :39:33. | |
for sol you frowned I knew you in this dark: | :39:34. | :39:36. | |
for so you frowned Yesterday through me | :39:37. | :39:39. | |
as you jabbed and killed. I parried; but my hands | :39:40. | :39:47. | |
were loath and cold. | :39:48. | :39:54. |