Browse content similar to 17/02/2017. Check below for episodes and series from the same categories and more!
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Tony Blair urged the population to rise up against Brexit - | :00:12. | :00:14. | |
One of his most trusted lieutenants says it was electrifying. | :00:15. | :00:18. | |
But a leading political commentator tells him to butt out. | :00:19. | :00:22. | |
This is the way the American mainstream media see | :00:23. | :00:24. | |
the leader of the free world - howling in the wind, out of control. | :00:25. | :00:27. | |
But today a different Donald Trump took the stage. | :00:28. | :00:30. | |
Focused, even disciplined, chanting the mantra that | :00:31. | :00:31. | |
America is going to start winning again. | :00:32. | :00:35. | |
Away from all the sound and fury, a month into the job, is he actually | :00:36. | :00:45. | |
Also - back from the wilderness, will a hybrid mammoth and elephant - | :00:46. | :00:53. | |
a mammaphant - soon roam the permafrost again? | :00:54. | :01:03. | |
Tony Blair today set himself up as the lightning rod | :01:04. | :01:12. | |
for anti-Brexiteers, exhorting them to action, | :01:13. | :01:14. | |
that we could end up with Brexit at any cost. | :01:15. | :01:17. | |
In a speech today the former Prime Minister said, | :01:18. | :01:19. | |
"This is not the time for retreat, indifference or despair, | :01:20. | :01:22. | |
but the time to rise up in defence of what we believe." | :01:23. | :01:26. | |
He also said that a hard Brexit gave more legitimacy to the argument | :01:27. | :01:30. | |
He did not specify the mechanism for resistance, nor whether he | :01:31. | :01:38. | |
would lead any campaign, but scorn came swiftly. | :01:39. | :01:39. | |
Nigel Farage called him yesterday's man, while the Foreign Secretary | :01:40. | :01:42. | |
urged the British people to rise up and turn off the TV the next | :01:43. | :01:45. | |
Well Tony Blair isn't here tonight, but his former political secretary | :01:46. | :01:50. | |
and sometime speechwriter John McTernan is, along | :01:51. | :01:54. | |
with the columnist Simon Jenkins - who says Blair should butt out. | :01:55. | :01:57. | |
I'll be speaking to them in a minute, but first here's | :01:58. | :02:00. | |
Yes, the British people voted to leave Europe and I agree the will | :02:01. | :02:07. | |
I accept right now there is no widespread appetite to rethink. | :02:08. | :02:17. | |
But the people voted without knowledge of the terms of Brexit. | :02:18. | :02:23. | |
As these terms become clear, it is their right | :02:24. | :02:26. | |
Our mission is to persuade them to do so. | :02:27. | :02:41. | |
Is he just feeling left out, a man without a mission, trying to | :02:42. | :02:53. | |
re-engage? No, Tony has stood back, and I think it was finally seeing | :02:54. | :02:58. | |
the three line whip getting Labour MPs to vote to invoke Article 50 two | :02:59. | :03:03. | |
lead him to say that Labour becoming a handmaidens of Brexit at any cost, | :03:04. | :03:07. | |
and some needs to speak up for nearly half the country that voted | :03:08. | :03:10. | |
to stay in the European Union, and many people that are worried, in | :03:11. | :03:15. | |
many sectors, but the consequence of Brexit. At one point he says that | :03:16. | :03:19. | |
Brexit was the will of the people, but the people have the right to | :03:20. | :03:22. | |
change their mind. That doesn't make sense? Why not? If you believe in | :03:23. | :03:28. | |
democracy, you believe that people, if they are mature enough and | :03:29. | :03:31. | |
intelligent enough to be consulted about leaving the European Union, | :03:32. | :03:35. | |
they are mature enough and intelligent enough to change their | :03:36. | :03:38. | |
minds. If it becomes clear there is no such thing as a frictionless | :03:39. | :03:42. | |
border, if you have gone to Turkey to look at the border, or a country | :03:43. | :03:45. | |
in the customs union, there is no such thing as a frictionless border. | :03:46. | :03:50. | |
Once the reality comes in, people are allowed to change their views. | :03:51. | :03:53. | |
You said he should butt out, but he is a former Prime Minister, he has | :03:54. | :03:58. | |
some skin in the game and it seems to be he is the only one that is | :03:59. | :04:02. | |
going to hold the government's fee to the fire? I found it | :04:03. | :04:06. | |
extraordinary. This is a man who made fame and fortune from being | :04:07. | :04:10. | |
elected on the wisdom of the population, he certainly doesn't | :04:11. | :04:12. | |
believe in that any more when it doesn't agree with him. It is | :04:13. | :04:15. | |
undignified, beyond anything else. It is clearly the case that there | :04:16. | :04:19. | |
was a referendum, they voted, it was a good debate, a tedious debate will | :04:20. | :04:25. | |
stop a 72% turnout, more than Tony Blair ever got. At the end of it, | :04:26. | :04:29. | |
they decided they wanted to come out of the EU. To say they are ignorant | :04:30. | :04:33. | |
or ill informed, with a ignorant or ill informed when they voted for | :04:34. | :04:39. | |
Tony Blair to not go into Iraq? Well, there was a manifesto, but it | :04:40. | :04:43. | |
didn't contain the war in Iraq. You could say that we didn't know the | :04:44. | :04:48. | |
nature Brexit. We had a Conservative manifesto saying we would be in the | :04:49. | :04:52. | |
single market? There is a totally different debate about what happens | :04:53. | :04:55. | |
at the end of negotiation. It could be that it is sensible to have a | :04:56. | :04:58. | |
referendum on the final deal. At the moment is, he is saying you have got | :04:59. | :05:02. | |
it wrong, I want you to change your mind. He doesn't say how he will | :05:03. | :05:06. | |
change your mind. Does he want to tear it up and start again? It is | :05:07. | :05:17. | |
daft. What is he actually wanted people to do? Saying rise up, did he | :05:18. | :05:22. | |
want people to take to the streets, what actually would be the | :05:23. | :05:25. | |
mechanism? It is genuinely not very complicated. He said a lot of people | :05:26. | :05:29. | |
like me, many people I know that voted to stay in the European Union, | :05:30. | :05:33. | |
we are intelligent people and have questions. I really don't understand | :05:34. | :05:36. | |
how you can, when every car company in Britain has a single factory | :05:37. | :05:43. | |
floor, across many territories, how can you have frictionless importing? | :05:44. | :05:48. | |
European parts are coming in. Those are the arguments, I'm asking you | :05:49. | :05:53. | |
what the mechanism is to rise up. The question is really | :05:54. | :05:55. | |
straightforward. We need to keep asking us questions. We got a white | :05:56. | :06:03. | |
paper from the government, which is a D/E in terms of effort, not in | :06:04. | :06:08. | |
terms of quality, it is a U in terms of quality. We have to ask them | :06:09. | :06:11. | |
questions. The Government say it will all be OK. What if it's not? | :06:12. | :06:17. | |
What if we see the costs... Well, let's take Simon Jenkins's point, | :06:18. | :06:21. | |
that a second referendum might be legitimate in the future. It's | :06:22. | :06:26. | |
interesting, Tony Blair didn't even specify what the mechanism would be. | :06:27. | :06:31. | |
The next general election? 2020, some kind of cross-party campaign? | :06:32. | :06:36. | |
It could be as simple as the polls start to show that the Beau Sandland | :06:37. | :06:39. | |
do actually want to have a car industry in Sunderland. -- the | :06:40. | :06:43. | |
people in Sunderland want to have a car industry. But Nissan have | :06:44. | :06:48. | |
invested in Sunderland? On the basis of promises made by the Government | :06:49. | :06:52. | |
which are as weak as the ones they made to the Northern Ireland | :06:53. | :06:55. | |
Assembly. Do you recognise that maybe this is just an exhortation | :06:56. | :07:03. | |
for people to question their MPs? To take more of an interest in it than | :07:04. | :07:06. | |
they have been taking? Or do you think this has to be through a | :07:07. | :07:12. | |
referendum or general election? I voted Remain. Blair was saying you | :07:13. | :07:16. | |
got it wrong, I want you to do it again and change your mind. Go on | :07:17. | :07:21. | |
doing it again. He is basically saying you are stupid. Ever since | :07:22. | :07:25. | |
the vote, all of the Remainers, I and I am on their side, they have | :07:26. | :07:29. | |
gone on about how the people are somehow ill informed, stupid. They | :07:30. | :07:32. | |
weren't, they genuinely believed they wanted to take back control. | :07:33. | :07:37. | |
They might be naive, but they made a decision. It was clear what the | :07:38. | :07:41. | |
decision was, he should just get a life and realise it. Do you think it | :07:42. | :07:46. | |
is legitimate to raise the possibility that a hard Brexit will | :07:47. | :07:51. | |
give added legitimacy to Scottish independence? Yes. That is a | :07:52. | :07:54. | |
different discussion. He is raising a point about hard Brexit, which is | :07:55. | :07:59. | |
fair enough. But he's not saying that, he is saying you got it wrong. | :08:00. | :08:03. | |
I don't say how you can save you got it wrong after an election. His | :08:04. | :08:09. | |
point is that it gives legitimacy to Scottish independence, and the | :08:10. | :08:18. | |
likelihood has increased. Would you rather see Scotland independent in | :08:19. | :08:25. | |
Europe than out? There are no circumstances under which I would | :08:26. | :08:29. | |
like to see Scotland independent. For Scotland to leave, to leave a | :08:30. | :08:36. | |
fiscal union that transfers 10% of GDP every year, to join a customs | :08:37. | :08:40. | |
union were it would have to pay 2 billion a year, that is ridiculous. | :08:41. | :08:44. | |
They are playing with fire with the constitution. The Northern Ireland | :08:45. | :08:49. | |
question is not marginal, it is at the centre of this. Once Northern | :08:50. | :08:52. | |
Ireland goes, the whole of Great Britain falls apart. You have other | :08:53. | :08:57. | |
Remainers, leading Remainers, thinking it is the wrong person to | :08:58. | :09:00. | |
do this, he is asking the wrong questions and it is anti-democratic. | :09:01. | :09:13. | |
Well... Chuka Umunna, for one. When our voices being heard? If Gordon | :09:14. | :09:15. | |
Brown had spoken about this, we would not be an Newsnight talking | :09:16. | :09:20. | |
about it. Tony Blair still has a way of capturing the imagination of the | :09:21. | :09:24. | |
country. He made this speech and got us talking about it, that is a good | :09:25. | :09:27. | |
thing. The next step is to build the movement. Does he want a referendum? | :09:28. | :09:33. | |
He wants a chance for the public to have a second thought about this. A | :09:34. | :09:39. | |
referendum? It could be through a general election, it could be | :09:40. | :09:42. | |
through a referendum, it will not be through Jeremy Corbyn's Labour | :09:43. | :09:46. | |
Party. I am with Simon that there is a strong case for a vote on the | :09:47. | :09:50. | |
deal. That is not what he said! After the extraordinary verbal | :09:51. | :09:55. | |
fireworks of Donald Trump's White House press conference yesterday, | :09:56. | :09:57. | |
followed by the news that his pick to replace Michael Flynn as national | :09:58. | :09:59. | |
security adviser had declined the job, the US President | :10:00. | :10:02. | |
attended to business. He signed a measure to roll | :10:03. | :10:04. | |
back a coal mining rule of the previous administration - | :10:05. | :10:06. | |
a promise made in the campaign. Today he travelled to Charleston, | :10:07. | :10:09. | |
where he unveiled the latest Boeing Dreamliner, | :10:10. | :10:11. | |
the biggest to date. Donald Trump, accused of chaos, | :10:12. | :10:13. | |
insists that his administration is a well-oiled machine, | :10:14. | :10:15. | |
putting election So, four weeks in, away | :10:16. | :10:18. | |
from all the noise, is he actually getting anywhere with delivering | :10:19. | :10:26. | |
on his promises? For a man with a fresh election | :10:27. | :10:27. | |
victory, Donald Trump seems to have an urgent need to compare | :10:28. | :10:34. | |
himself with his predecessors, I don't think there's ever been | :10:35. | :10:36. | |
a President elected who, in this short period of time, | :10:37. | :10:45. | |
has done what we've done. Some of the President's posts | :10:46. | :10:49. | |
are easily disproved. I guess it was the biggest electoral | :10:50. | :10:52. | |
college win since Ronald Reagan. A quick glance at the facts | :10:53. | :11:00. | |
shows this is nonsense. This kind of howler, | :11:01. | :11:03. | |
Mr Trump's battles with the courts, and intelligence services and, | :11:04. | :11:09. | |
of course, the media, have rather But are we missing | :11:10. | :11:12. | |
significant progress I have to tell you, | :11:13. | :11:15. | |
I spent a lot of time Once you get out of the Washington, | :11:16. | :11:22. | |
DC bubble, there are a lot of people in the United States who are very | :11:23. | :11:27. | |
happy with Trump, happy with his style, happy | :11:28. | :11:30. | |
that he is really disrupting and doing what he said | :11:31. | :11:32. | |
he's going to do. So, it's something I would say don't | :11:33. | :11:34. | |
pay attention to all the media and all the polls, wait a little bit | :11:35. | :11:37. | |
longer to see what the American people have to say about his | :11:38. | :11:41. | |
presidency at this juncture. One month into his 48 month term, | :11:42. | :11:46. | |
Mr Trump already claims numerous In terms of changing Washington, | :11:47. | :11:49. | |
he has nominated a new Justice He's imposed a hiring freeze | :11:50. | :11:53. | |
on nonessential federal workers and a temporary halt | :11:54. | :11:57. | |
on new federal regulations. And he says he's negotiated | :11:58. | :12:02. | |
and saved money on US In trade policy, his withdrawn | :12:03. | :12:04. | |
from the Trans-Pacific Partnership and, he says, eliminated regulations | :12:05. | :12:10. | |
for some US manufacturers. On immigration, his travel ban | :12:11. | :12:13. | |
on seven majority Muslim countries has come of course, | :12:14. | :12:17. | |
been spectacularly overturned, though he has introduced a four | :12:18. | :12:19. | |
month ban on new refugees. He is reaffirmed his commitment | :12:20. | :12:27. | |
on a wall on the Mexican border and brought in a crackdown | :12:28. | :12:29. | |
on so-called sanctuary cities who refuse to comply | :12:30. | :12:32. | |
with US federal law. There have, of course, | :12:33. | :12:37. | |
been spectacular upsets, too. Losing his national security | :12:38. | :12:39. | |
adviser, Michael Flynn, and a failure to answer straight | :12:40. | :12:41. | |
questions on his administration's - and before that his campaign's - | :12:42. | :12:43. | |
contact with Russia. There are elements of this | :12:44. | :12:46. | |
transition that have I don't think that's unusual for any | :12:47. | :12:50. | |
presidential transition. If you look back to 2008, | :12:51. | :12:56. | |
when President Obama was first elected, there were some bumps | :12:57. | :12:59. | |
in the road there. So, clearly, there have | :13:00. | :13:01. | |
been some challenges. On the other hand, I do think that | :13:02. | :13:05. | |
some of this is probably overblown, in the sense that the President | :13:06. | :13:08. | |
is still engaging in executive action, he does still | :13:09. | :13:11. | |
have a functional relationship, functional at the very least, | :13:12. | :13:13. | |
certainly, with Paul Ryan and Mitch McConnell, | :13:14. | :13:16. | |
the Republican leaders So, I would say that the overall | :13:17. | :13:17. | |
assessment is that, you know, things could be going better, | :13:18. | :13:23. | |
but they probably could The President was in | :13:24. | :13:25. | |
South Carolina today at Boeing, A technological marvel, | :13:26. | :13:29. | |
no doubt, but nothing to do Nevertheless, a neat | :13:30. | :13:35. | |
backdrop for him to restate I campaigned on the promise that | :13:36. | :13:39. | |
I will do everything in my power to bring those jobs | :13:40. | :13:45. | |
back into America. We wanted to make it much easier, | :13:46. | :13:51. | |
it has to be much easier to manufacture in our country, | :13:52. | :13:55. | |
and much harder to leave. I don't want companies | :13:56. | :14:00. | |
leaving our country. The details of exactly how | :14:01. | :14:04. | |
he's going to do that, just one of many key areas | :14:05. | :14:07. | |
where details are still sketchy. For example, repealing | :14:08. | :14:12. | |
and replacing Obamacare, the new infrastructure plan | :14:13. | :14:15. | |
and the new tax-cutting plan, are, as yet, still just | :14:16. | :14:18. | |
campaign promises. The infrastructure, I still think | :14:19. | :14:22. | |
that there's a lot of disharmony amongst House Republicans | :14:23. | :14:25. | |
regarding the size If you're going to look at what's | :14:26. | :14:27. | |
really going to come down the pipe next, I think it's immigration, | :14:28. | :14:33. | |
tax cuts and Obamacare. Mr President, you've been in office | :14:34. | :14:35. | |
for just four weeks... The people who've always laughed | :14:36. | :14:37. | |
at Donald Trump have certainly had But they are not who the President | :14:38. | :14:42. | |
needs to worry about, And for them, perhaps, | :14:43. | :14:48. | |
it's still early days. Does the American media give Donald | :14:49. | :15:06. | |
Trump due credit for what he means? We were hoping to be joined by a | :15:07. | :15:10. | |
member of Trump's administrative team but with me, we are delighted | :15:11. | :15:14. | |
to have the former executive editor of the New York Times, Jill | :15:15. | :15:19. | |
Abramson. Good evening. You have seen three administrations come in | :15:20. | :15:23. | |
with the complexity of that. How does this rate in terms of chaos? | :15:24. | :15:31. | |
It's disorderly. That's for sure. I'd put it on the upper end of the | :15:32. | :15:41. | |
scale, but there have been bumpy beginnings. I remember covering the | :15:42. | :15:46. | |
new Clinton administration, in the early 1990s, and he had to go | :15:47. | :15:53. | |
through two failed Attorney General nominee is. And finally he got his | :15:54. | :16:00. | |
appointee confirmed on the third try. So that isn't that unusual, but | :16:01. | :16:15. | |
yet, this amount of confusion and leaking and plotting against one | :16:16. | :16:20. | |
another already visible inside the White House this time, I would say, | :16:21. | :16:29. | |
is unusual and the tholin that matter, I think, is quite a serious | :16:30. | :16:37. | |
one. -- and the Flynn matter. As a former editor of the New York Times, | :16:38. | :16:42. | |
is it hard, does it stick in the crore, of the liberal media, to give | :16:43. | :16:45. | |
him any credit for what he has done? Is it easier to jeer from where they | :16:46. | :16:54. | |
sit? I think that that is really nonsense. I think that the New York | :16:55. | :16:59. | |
Times, the Washington Post, the Wall Street Journal have given extensive | :17:00. | :17:05. | |
coverage to everything from the nomination of Neil Gorsuch to the | :17:06. | :17:11. | |
President's meeting with Wall Street bankers last Friday. To what has | :17:12. | :17:20. | |
happened at the State Department, to the trade treaties. I mean the | :17:21. | :17:23. | |
substance of what is happening is being covered by the media. And I | :17:24. | :17:33. | |
would argue that Trump himself is causing tremendous distraction with | :17:34. | :17:39. | |
these ceaseless attacks on the media, and I think those are | :17:40. | :17:43. | |
overblown. Isn't it the case that it has -- that it is because the media | :17:44. | :17:49. | |
finds what he's doing objectionable and makes that clear, and that is | :17:50. | :17:52. | |
out of touch with the many millions that voted for him, that there is | :17:53. | :17:56. | |
now a disconnect between the liberal media in the cities and what is | :17:57. | :17:59. | |
going on in the rest of the United States? Well, it is clear that many | :18:00. | :18:07. | |
people in the United States have a lack of trust in the news media, | :18:08. | :18:13. | |
that has been true for a long time. That is not something new with the | :18:14. | :18:18. | |
election of Donald Trump. But I certainly don't agree with you that | :18:19. | :18:23. | |
the coverage of the substance of what is happening in the White House | :18:24. | :18:32. | |
is being covered by the liberal media in an unfair way. I think the | :18:33. | :18:39. | |
facts are being told, as they should, and the news media, the best | :18:40. | :18:45. | |
part of it, including the New York Times, are doing what the first | :18:46. | :18:49. | |
Amendment asks the press to do, which is to hold power accountable. | :18:50. | :18:56. | |
And that is what they are doing. I wonder, in the end, if you look at | :18:57. | :19:01. | |
these White House briefings and press conferences, whether actually | :19:02. | :19:06. | |
plays to Trump's on agenda, actually, as you were saying, | :19:07. | :19:09. | |
because the media is unpopular anyway, to go on the attack, and | :19:10. | :19:13. | |
then what happens is the media plays into that? I totally agree with | :19:14. | :19:20. | |
that. I think what the media has to stop doing is covering itself, and | :19:21. | :19:27. | |
the battle between the new president and itself, and it needs to just do | :19:28. | :19:31. | |
its work, follow the news, get behind the news and inform the | :19:32. | :19:38. | |
public. Stop being self-referential and self obsessed. Thank you very | :19:39. | :19:41. | |
much indeed. Since the EU referendum, | :19:42. | :19:46. | |
news about the economy has been seen through the prism of Brexit - | :19:47. | :19:48. | |
and on the whole, so far, it has Unemployment is down | :19:49. | :19:52. | |
and the FTSE is still strong. But inflation is up and the retail | :19:53. | :19:56. | |
sales figures are pretty sluggish. But the biggest change | :19:57. | :19:59. | |
to the British economy since Brexit The lower value of the pound | :20:00. | :20:01. | |
has winners and losers, Many believed that Brexit | :20:02. | :20:07. | |
would wreck the UK economy. But, so far, it's held up better | :20:08. | :20:17. | |
than the Remain camp warned. Not so for one of the more | :20:18. | :20:19. | |
tangible measures. Sterling has tumbled, at one point | :20:20. | :20:22. | |
by a fifth of its value. It sounds like a negative, | :20:23. | :20:25. | |
but it isn't for everyone. At the luxury end, like this boat | :20:26. | :20:27. | |
manufacturer, a lower pound is attracting foreign consumers | :20:28. | :20:30. | |
whose dollars and euros are now People have taken advantage | :20:31. | :20:32. | |
of the exchange rate, our boats have been cheaper, | :20:33. | :20:40. | |
relatively, than our Italian About 30% of our material costs, | :20:41. | :20:42. | |
we buy in foreign currency. So our costs, in that respect, | :20:43. | :20:51. | |
have gone up, and we have had to price as a result of that, | :20:52. | :20:55. | |
to offset it. But it's been nowhere near as much | :20:56. | :20:57. | |
as the devaluation of the pound, so we still remain very competitive | :20:58. | :21:00. | |
against our foreign competitors. The value of the pound | :21:01. | :21:03. | |
against the US dollar has dropped by around 17% | :21:04. | :21:05. | |
since the EU referendum. Currency markets don't | :21:06. | :21:07. | |
like uncertainty. And politics has played the most | :21:08. | :21:11. | |
part in sterling's movement. In early October, the Prime Minister | :21:12. | :21:19. | |
announced at a party conference that Article 50 would be triggered | :21:20. | :21:22. | |
by the end of March. There was some brief respite | :21:23. | :21:25. | |
when the High Court ruled in early November that a parliamentary vote | :21:26. | :21:29. | |
was needed to trigger Article 50, bolstering hopes in a nervous market | :21:30. | :21:31. | |
that a soft Brexit could be pursued. Miss May's speech at Lancaster house | :21:32. | :21:34. | |
in January made clear that she intends to undertake a hard | :21:35. | :21:40. | |
Brexit. Some speculate that the | :21:41. | :21:41. | |
triggering of Article 50 Top end businesses | :21:42. | :21:46. | |
are powering ahead. But they're also very mindful | :21:47. | :21:56. | |
of a lower pound feeding into higher raw material costs and, | :21:57. | :21:59. | |
of course, the great uncertainty surrounding a Brexit deal | :22:00. | :22:01. | |
that is yet to be struck. So they are still very much | :22:02. | :22:04. | |
dependent on high-end, luxury and discretionary spending | :22:05. | :22:07. | |
continuing. A day I will never forget, | :22:08. | :22:12. | |
the 24th of June. Straightaway, from that day, we have | :22:13. | :22:16. | |
noticed an increase in traffic. There was no doubt that some people | :22:17. | :22:26. | |
were ahead of the understanding And because of the currency that has | :22:27. | :22:29. | |
changed, we have seen a massive It has been a very great | :22:30. | :22:36. | |
and interesting story, I think you can use the analogy | :22:37. | :22:39. | |
of perhaps the swan. Clearly, with London luxury you have | :22:40. | :22:47. | |
lots of very positive noises above the surface in terms of public | :22:48. | :22:50. | |
realm investment, in terms of tourism, tourism continuing, | :22:51. | :22:53. | |
spend continuing, footfall rising. But underneath the surface they are | :22:54. | :23:02. | |
going to have to paddle harder. From a consumer credit perspective, | :23:03. | :23:05. | |
interest rates is the key thing that I think we are predicting 2.7% | :23:06. | :23:08. | |
inflation for this year. I think it could go | :23:09. | :23:12. | |
higher than that. That is going to impact | :23:13. | :23:14. | |
the domestic shopper in the UK. Most likely to affect our spending | :23:15. | :23:17. | |
habits - food prices. Suppliers and retailers are trying | :23:18. | :23:20. | |
to figure out how to pass on rising We're seeing already a number | :23:21. | :23:23. | |
of suppliers in trouble as a result of this, | :23:24. | :23:31. | |
unable to pass on the extra costs. So, eventually, I think | :23:32. | :23:36. | |
we are going to see a number but also I think we're going to see | :23:37. | :23:39. | |
prices in shops going up even more. It's something that businesses | :23:40. | :23:43. | |
all sizes are grappling with. Since June, this company has seen | :23:44. | :23:53. | |
the price of cocoa rise 3%, peanuts move 8% higher | :23:54. | :23:57. | |
and sugar is up 21%. Price rises for the key | :23:58. | :24:01. | |
ingredient of this business Corn prices, so far, | :24:02. | :24:03. | |
have been hedged. Our prices certainly | :24:04. | :24:11. | |
won't be going down. For us, a lot of our contracts | :24:12. | :24:13. | |
for raw materials come In our situation, and many | :24:14. | :24:16. | |
other companies like us, we're very nervous about passing | :24:17. | :24:21. | |
on any form of price increase. The fall in the value | :24:22. | :24:24. | |
of the pound has affected both And, yes, Brexit has played | :24:25. | :24:27. | |
a significant part in this. Pretty much the week | :24:28. | :24:31. | |
after the referendum we started getting the famous letters | :24:32. | :24:33. | |
from suppliers and Some suppliers did sort of a big | :24:34. | :24:35. | |
hit at the beginning. Some have kind of continued | :24:36. | :24:44. | |
to review every few months and send us another letter saying, | :24:45. | :24:47. | |
your prices are going up This week's rising inflation numbers | :24:48. | :24:49. | |
are unlikely to be matched So the fear is that the once buoyant | :24:50. | :24:52. | |
consumer is going to shy Today's retail sales show | :24:53. | :24:57. | |
that the pinch is being felt. So the economy can no longer rely | :24:58. | :25:04. | |
on the shopper to keep it growing. Finally tonight, scientists | :25:05. | :25:10. | |
from Harvard believe they're just two years away from bringing | :25:11. | :25:12. | |
the woolly mammoth The great beasts died out 4,000 | :25:13. | :25:14. | |
years ago but they're only bodily extinct - | :25:15. | :25:23. | |
they're not genetically extinct. The Harvard team hopes to use | :25:24. | :25:25. | |
a powerful gene editing tool to splice together elephant DNA | :25:26. | :25:27. | |
with mammoth genes they've found The Harvard team itself are keeping | :25:28. | :25:30. | |
pretty schtum until they've actually But joining me now from Salford | :25:31. | :25:41. | |
is Matthew Cobb, Professor of Zoology from Manchester | :25:42. | :25:45. | |
University. Good evening. What is it that these | :25:46. | :25:53. | |
scientists are actually trying to achieve? They are trying to do a | :25:54. | :25:56. | |
number of things. They are using this incredibly powerful technique | :25:57. | :26:02. | |
which George church, one of the key research is involved, has been | :26:03. | :26:08. | |
involved in developing. This enables you to change single letters in the | :26:09. | :26:11. | |
DNA code to alter it in any organism at will. This is going to change | :26:12. | :26:16. | |
biological discovery and medicine. It is already having massive | :26:17. | :26:20. | |
effects. They want to introduce into the elephant genome, the Asian | :26:21. | :26:23. | |
elephant, some of the genes which they think help the man is to | :26:24. | :26:30. | |
survive in colder climate. Make them hairy, for example, or have greater | :26:31. | :26:35. | |
subcutaneous fat. But they only claim that they will be able to | :26:36. | :26:38. | |
create an embryo with these genes. At the moment, they have no timeline | :26:39. | :26:44. | |
on when they would actually have an elephant with proper manner genes in | :26:45. | :26:50. | |
it wandering around the steps. We're not going to see herds of mammoths | :26:51. | :26:58. | |
wandering along the Siberian Alps any time soon. But the claim that | :26:59. | :27:04. | |
has been made, having what they are calling a mammaphant, because it | :27:05. | :27:07. | |
will not actually be in an effort if it ever gets out there onto the | :27:08. | :27:11. | |
permafrost. What it would actually do would help counter global | :27:12. | :27:14. | |
warming. What did you make of that case? There are far better ways of | :27:15. | :27:18. | |
countering global warming. Who knows what they are going to do, Professor | :27:19. | :27:24. | |
Church thinks they will dig into the soil and that will help bring called | :27:25. | :27:28. | |
a to slow down the melting of the permafrost. I think we would be | :27:29. | :27:31. | |
better off dealing with the release of carbon dioxide which is | :27:32. | :27:34. | |
increasing temperature. That is the key issue. This is incredibly | :27:35. | :27:37. | |
exciting work at some level because it shows the power of this | :27:38. | :27:41. | |
technique, but really the ultimate thing, an elephant or a mammoth, it | :27:42. | :27:48. | |
is not just a bag of. It is an animal with a history under social | :27:49. | :27:51. | |
life than this thing would be completely separate from anything | :27:52. | :27:55. | |
else like it. -- bag of genes. Nothing else like it would have ever | :27:56. | :28:00. | |
existed. But scientists like that challenge. Yes, but ethicists and | :28:01. | :28:07. | |
bottle community, this is just one example of the questions that this | :28:08. | :28:10. | |
gene editing technique will pose us, major ethical issues we will have to | :28:11. | :28:14. | |
come to terms with. What are those ethical issues? For a start, an | :28:15. | :28:20. | |
elephant and a mammoth, it is a social organism. At the moment they | :28:21. | :28:24. | |
are suggesting that they will not be doing IVF on an Asian elephant. That | :28:25. | :28:28. | |
is possible but they are clearly concerned that if they manipulate | :28:29. | :28:31. | |
the embryo and implanted into the elephant, something might go | :28:32. | :28:34. | |
horribly wrong, it might grow too large. So they are planning, and | :28:35. | :28:39. | |
this is where I think it gets into the realms of science fiction, they | :28:40. | :28:42. | |
are planning to have an artificial womb in which they will grow this | :28:43. | :28:48. | |
elephant for 22 months, up to a weight of 100 kilos. I think we are | :28:49. | :28:53. | |
a long way off that. The problem will be that even if you are able to | :28:54. | :28:58. | |
do that, and Church is a pretty clever guy. Anyone who has been a | :28:59. | :29:02. | |
mother, or who has been close to someone who is a mother, knows that | :29:03. | :29:06. | |
a baby is not just a thing that is being fed. It is alive and | :29:07. | :29:10. | |
interacting with the mother, learning things in the win. The same | :29:11. | :29:15. | |
is true of an elephant or a mammoth baby. So you would end up producing | :29:16. | :29:18. | |
this isolated and strange organism which would have no social | :29:19. | :29:24. | |
connection with its kind. It would have no other kind. If you tried to | :29:25. | :29:28. | |
introduce it into a herd of Asian elephants, they might reject it | :29:29. | :29:31. | |
because it's not funny, because it behaved funny. I think given that | :29:32. | :29:36. | |
these are elephants and not mice or rats, there is a major ethical issue | :29:37. | :29:38. | |
as to whether this is the right thing to do. Thank you, Professor. | :29:39. | :29:43. | |
Tomorrow morning's front pages, Tony Blair gets the front page of the | :29:44. | :29:47. | |
Guardian. Blair's Brexit speech sparks Labour fury. And the suspect | :29:48. | :29:56. | |
in the Korean killing, thought it was a prank, on the right-hand side. | :29:57. | :30:00. | |
In the Telegraph, Blair's EU campaign is insulting, says Boris. | :30:01. | :30:05. | |
The former PM calls for a new movement to make the case against | :30:06. | :30:09. | |
Brexit. Angela Merkel defies Trump over defence budget, is also at the | :30:10. | :30:12. | |
bottom of the Telegraph. And then on to the Daily Express. Get us out of | :30:13. | :30:20. | |
the EU. As arrogant Tony Blair tries to lock Brexit, a new poll reveals | :30:21. | :30:25. | |
an increasing number of voters demanding to get out. And arrogant | :30:26. | :30:31. | |
speech sparked outrage and even some Remain supporters were aghast at his | :30:32. | :30:35. | |
bid to reverse the historic decision to leave the European Union. Well, | :30:36. | :30:36. | |
before we go ?750,000 for a stag? That's how much the national | :30:37. | :30:43. | |
galleries of Scotland need to raise to buy Landseer's Monarch | :30:44. | :30:46. | |
of the Glen and put it on display. To raise awareness for their appeal, | :30:47. | :30:49. | |
they brought the Monarch to life and projected him onto the outside | :30:50. | :30:51. | |
of their gallery. They've got until the 17th of March | :30:52. | :30:56. | |
to meet their target. Hello. In a moment we will look at | :30:57. | :31:46. | |
some other European city forecasts for this weekend. Here is a look at | :31:47. | :31:53. | |
how Saturday develops across the UK. A wet started Northern Ireland, the | :31:54. | :31:54. | |
rain clearing and into | :31:55. | :31:56. |