01/12/2011

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:00:12. > :00:19.Tonight at Ten, from the Bank of England, the starkest warning yet

:00:19. > :00:24.of the storm to come. The governor fears the potential damage caused

:00:24. > :00:29.by the eurozone debt crisis and warns banks to brace themselves.

:00:29. > :00:35.They are advised to build up reserves, cutting dividends and

:00:35. > :00:40.build up savings. It is serious and threatening. Therefore those with

:00:40. > :00:44.responsibilities to deal with it really do need to take action.

:00:44. > :00:48.APPLAUSE Tonight, France calls for a new start with a new European

:00:48. > :00:55.treaty to safeguard the Euro. France and Germany have announced a

:00:55. > :00:59.major summit to try to re-shape the EU. Also tonight: Britain's biggest

:01:00. > :01:05.ever trial of former police officers has collapsed. The judge

:01:05. > :01:10.said they could not be guaranteeed a fair hearing. After the warmest

:01:10. > :01:16.autumn on record, fears of a drought. 7 And Jeremy Clarkson

:01:16. > :01:22.apologises for remarks he made about public sector strikers.

:01:22. > :01:29.there is discord may we bring harmony... 32 years on, we talk

:01:29. > :01:34.exclusively to Meryl Streep with the challenges of playing the Iron

:01:34. > :01:44.Lady. Coming up in sport, Martin O'Neil is set to take over from

:01:44. > :01:56.

:01:56. > :02:02.Good evening. The governor of the Bank of England has revealed the

:02:02. > :02:06.extent of his fears for the future of the British economy. Mervyn King

:02:06. > :02:09.described a serious and threatening economic climate, dominated by the

:02:09. > :02:14.debt crisis in the eurozone. He urged British banks to brace

:02:14. > :02:20.themselves and set aside more money by cutting back on bonuses and

:02:20. > :02:23.dividends. Our chief Economics Correspondent, Hugh Pym has the

:02:23. > :02:27.details. Winter weather is bad enough, but a warning today that a

:02:27. > :02:32.really big storm could be on its way a financial one. It is brewing

:02:32. > :02:35.in the eurozone, it could be bat efring our shores before too long.

:02:35. > :02:42.That forecast came from the governor of the Bank of England, no

:02:42. > :02:46.less, and his new Committee of financial watchdogs, the words

:02:46. > :02:49.unexpectedly blunt. No-one looking at the position could deny it is

:02:49. > :02:55.serious and threatening. Therefore those with responsibilities to deal

:02:55. > :02:59.with it really do need to take action. With turmoil and protests

:02:59. > :03:04.in the eurozone and worries about Italy's finances, it is clear that

:03:04. > :03:08.senior policy makers are now thinking through what may happen if

:03:08. > :03:14.one or more countries goes bust. Investors certainly think that is

:03:14. > :03:19.possible. This chart measures the market perceptions of the risk of a

:03:19. > :03:25.country defaulting, for the UK, it is 8%. The Italian risk has risen

:03:25. > :03:29.sharply to 40% and there is seen that as a 100% likelihood that

:03:29. > :03:34.Greece culled go bust. To what extent are you making plans for a

:03:34. > :03:39.possible default of a member of the Euro and the long-term breakup of

:03:39. > :03:44.the eurozone? As you expect, the Government together with the FSA

:03:44. > :03:50.and the Bank of England are making contingency plans against a wide

:03:50. > :03:53.range of contingencies. Over there at the Bank of England they are

:03:53. > :03:57.normally kaifr careful with the language that they use, but today's

:03:58. > :04:02.message is clear, that they think that the situation is potentially

:04:02. > :04:07.very serious. So what exactly are the fears about the threats to the

:04:07. > :04:12.UK banking system? And what does it mean for the wider economy, for the

:04:12. > :04:16.households and businesses? Will are concerns about the UK's banks

:04:16. > :04:22.exposure to volume economies. Total lending to Greece and private

:04:22. > :04:26.sectors is about �7 billion. For Portugal, it is �16 billion, but

:04:26. > :04:32.that is dwarfed by the lending to Italy and �90 billion of British

:04:32. > :04:37.lending to Ireland. If a chunk of these go sore, the UK banks will be

:04:37. > :04:41.hit hard. Losses elsewhere could hamper the bank's abilities to lend

:04:41. > :04:45.here, including to consumer credit and mortgages. There could be a cut

:04:45. > :04:55.back in lending. So the regulators want the banks to put money aside

:04:55. > :05:01.now and if need be cut dividends to share holders and bankers' bonuses.

:05:01. > :05:08.The industry says it is kerbing pay packets. There may be pay packets

:05:08. > :05:12.being kerbed, but mainly they will be paid in shares and locked up for

:05:12. > :05:16.several years. Bankers and regulators can only prepare and

:05:16. > :05:21.wait for the tied of events to take its course and hope that the UK's

:05:21. > :05:25.defences can hold fast. The key to resolving the debt crisis is to

:05:25. > :05:30.refund the European Union, based on a new European treaty that would

:05:30. > :05:34.give the EU a new structure, that is the view of Nicolas Sarkozy of

:05:34. > :05:39.France. He announced this even he will be holding talks with Angela

:05:39. > :05:44.Merkel of Germany o on Monday to agree a plan to safeguard the

:05:44. > :05:47.future of the Euro and to shore up the eurozone. We have this report

:05:47. > :05:51.from Paris. In a landmark speech to his supporters, the French

:05:51. > :05:56.President said that Europe would have to make crucial choices in the

:05:56. > :06:00.weeks ahead. Europe, he said, needs to be re-thought, re-designed. He

:06:00. > :06:06.spoke of what would have been unimaginable a short while ago,

:06:06. > :06:10.life without the Euro. The Euro exists. Its death would have

:06:11. > :06:13.dramatic consequences for the French. It would make our debt

:06:13. > :06:19.unsustainable. The collapse of confidence would paralyse

:06:19. > :06:22.everything. The French would get poor. We have no right to let is

:06:22. > :06:27.disaster occur. Nicolas Sarkozy said that Europe could be swept

:06:27. > :06:33.away by the crisis if it does not get a grip. He said that France and

:06:34. > :06:36.Germany would push to give the EU a new treaty to enforce strict

:06:36. > :06:40.budgetary discipline. TRANSLATION: France is fighting with Germany for

:06:40. > :06:46.a new treaty, more discipline, more solidarity, more responsibility, a

:06:46. > :06:50.true economic government. Although there would be greater control of

:06:50. > :06:54.national budgets, the French President said that this would not

:06:54. > :07:01.be a march towards supernationality. He knows how sensitive this would

:07:01. > :07:07.be for the French people. He envisages closer integration, not

:07:07. > :07:09.by giving more power to Brussels, but by forging closer links between

:07:09. > :07:16.the governments. Nicolas Sarkozy and Angela Merkel will now meet in

:07:16. > :07:19.Paris on Monday to work on a joint plan to safeguard the future of

:07:19. > :07:24.Europe. Despite recent embraces, there are still differences between

:07:24. > :07:30.the two leaders. The French hope is that if strict budgetary discipline

:07:30. > :07:35.is in place it will weaken German opposition to the European Central

:07:35. > :07:39.Bank, acting as the lender of last resort, the one step that could

:07:39. > :07:43.calm the markets. Tomorrow, David Cameron is coming here to see

:07:43. > :07:47.Nicolas Sarkozy. He will want to explore what the proposals for the

:07:47. > :07:55.treaty change mean and whether in exchange for British support he can

:07:55. > :07:59.win important concessions. With me is our Economics Editor, Stephanie

:08:00. > :08:04.Flanders. We have heard the words from Mervyn King and from Nicolas

:08:04. > :08:07.Sarkozy, how do you rate signals of progress this evening? We have been

:08:07. > :08:12.here before. There are signs of momentum. Signs that the

:08:12. > :08:16.politicians are starting to feel the pressure again. But it still

:08:16. > :08:20.feels to anyone looking on the outside, that they are doing things

:08:20. > :08:24.the wrong way around. Talking about the long-term future of theow, not

:08:24. > :08:27.the short-term measure to fix the crisis, but that is the way that

:08:27. > :08:30.Germany needs it to be. She needs to be able to show to her people

:08:30. > :08:34.that the European system will be fixed in the long-term. That this

:08:35. > :08:39.will not happen again. That's why the President, Nicolas Sarkozy, is

:08:39. > :08:43.talking about the need for a new treaty to refund the European Union.

:08:43. > :08:46.That is why you hear the President of The European Central Bank

:08:47. > :08:51.talking about a fiscal pact today. The hope is if you hear these

:08:51. > :08:54.things coming from the French, from others, then Germany is willing to

:08:54. > :08:59.make a step towards a compromise, to take more collective

:08:59. > :09:03.responsibility for the crisis, so that the short-term problem can be

:09:03. > :09:09.fixed, but a lot of progress to be made. As Mervyn King made clear,

:09:09. > :09:13.there is not very much time left to do it. Thank you very much. The

:09:13. > :09:16.biggest trial of former police officers ever seen in Britain has

:09:16. > :09:20.collapsed. The eight former officers from South Wales police

:09:20. > :09:24.were charged with colluding to pervert the course of justice

:09:24. > :09:33.during a murder choir inquiry. The judge ruled that they could not get

:09:33. > :09:39.a fair hearing. The were accused of the wrongful murder of Lynette

:09:39. > :09:44.White in 198. It is a tragic and scandalous case that has hung over

:09:44. > :09:47.South Wales like a bad smell for almost a quarter of a century, the

:09:47. > :09:52.reputation of the police and the justice system at stake it began

:09:52. > :09:57.with the murder of a local prostitute, Lynette White, in 1988,

:09:57. > :10:02.stabbed 50 times. Three pen were convicted of the killing but freed

:10:02. > :10:12.in two years, victims of a miscarriage of injustice, amid

:10:12. > :10:18.claims that they had been framed by the police. Swansea Crown Court is

:10:18. > :10:25.where the case was it collapsed. Eight former police officers

:10:25. > :10:32.accused of perverting the course of the situation had the trial

:10:32. > :10:37.acquitted as evidence had been damaged. Today I'm elated. At last

:10:37. > :10:41.I feel vindicated. I have done nothing wrong in the inquiry. I'm

:10:41. > :10:47.delighted. Delight for many in South Wales today, but a different

:10:47. > :10:50.mood at the Crown Prosecution Service here in England and Wales,

:10:50. > :10:55.Keir Starmer is concerned that the collapse of a trial that has cost

:10:55. > :10:59.millions and likely to undermine confidence in the justice system's

:10:59. > :11:04.ability to deal with alleged corruption within its ranks.

:11:04. > :11:10.Today's case echos another trial which also collapsed at the Old

:11:10. > :11:15.Bailey earlier in the year. Four men accused of killing Private

:11:15. > :11:19.detective Daniel Morgan with an axe in 1957 walked free after the

:11:19. > :11:23.prosecutors admitted that they could not have access to all of the

:11:23. > :11:28.key evidence. Scotland Yard admitted that police corruption

:11:28. > :11:31.with was a debilitating factor in the investigation. One of the men

:11:31. > :11:35.acquitted of killing Lynette White in South Wales said that the

:11:35. > :11:40.collapse of today's trial in Swansea undermines the confidence

:11:40. > :11:44.in the ability of the system to police itself. It was just a farce.

:11:44. > :11:49.It was just a farce. We really believed, family, friends, close

:11:49. > :11:56.family, that, you know, that things would be done here. You know, but

:11:56. > :11:59.it is just disappointing, again. In 2003, Jeffery Gafoor admitted he

:12:00. > :12:05.murdered Lynette White after DNA evidence was uncovered, but 23

:12:05. > :12:08.years after the killing, a collapsed trial and the prospect of

:12:08. > :12:14.further inquiries into what went wrong, means that the tragedy here

:12:14. > :12:18.still cannot be laid to rest. The Met Office is expected to confirm

:12:18. > :12:21.tomorrow that this autumn has been one of the warmest on record. There

:12:21. > :12:26.has been so little rain in some parts of England, that the

:12:26. > :12:32.Environment Agency is warning that the drought has affected parts of

:12:32. > :12:39.the country since June and it could last into next summer. We have more

:12:39. > :12:45.details. A salmon battling upstream at Ludlow in Shropshire, but so

:12:45. > :12:49.little rain, the river level is too low and the fish can in the make it.

:12:49. > :12:54.A reservoir near Hampton, low, so special permission has been given

:12:54. > :12:59.to fill it from a river. Large areas of England are at risk of

:12:59. > :13:03.drought. In Essex, the driest county in Britain, the reservoir is

:13:03. > :13:06.being expanded to hold more water it is one of the largest

:13:06. > :13:10.construction projects in the country, but the big question is

:13:10. > :13:14.whether it will be adequate if the conditions change in the years

:13:14. > :13:19.ahead? Even now, they have to bring water here all of the way from

:13:19. > :13:24.Norfolk. The forecast for the climate change suggests that the

:13:24. > :13:28.summer is here -- that the summers here may become even drier. Making

:13:28. > :13:34.the schemes like this for storing water all the more important if the

:13:34. > :13:39.forecasts are right. Essex is drier than many parts of the Middle East,

:13:39. > :13:42.but will the lack of rain across many regions now become more

:13:42. > :13:46.common? No-one can be sure. can't say one way or the other,

:13:46. > :13:51.really. This is the problem. We don't know the answer. Will it be

:13:51. > :13:56.as bad as people say? Will it be worse? Will it be not as bad? We

:13:56. > :14:01.have to do what is needed. So, it is difficult planning for too

:14:01. > :14:06.little water, and it is just as hard planning for too much. In

:14:06. > :14:12.Nottingham, a huge new defence against floding. This was the scene

:14:12. > :14:15.here 11 years ago -- flooding. The new scheme should protect 16,000

:14:15. > :14:20.homes, but against what? The Environment Agency is cautious.

:14:20. > :14:25.Building a new wall that can be raised if needed. This scheme will

:14:25. > :14:30.have a lifetime for decades. We want to ensure that it can adapt as

:14:30. > :14:34.the climate change materialises or does not. We don't want to

:14:34. > :14:40.overspend foring so that may not happen in the future. The threat

:14:40. > :14:45.may not be that bad? Maybe not, but we can adapt if it is. So, how to

:14:45. > :14:49.prepare? I asked a top advisor to the Government. I don't think there

:14:49. > :14:53.is a need to panic. There are decisions to put off for the future,

:14:53. > :14:57.but looking at long-term decisions, the decisions that have a long-term

:14:57. > :15:02.impact, if we don't get it right now, we could be sleep walking into

:15:02. > :15:06.a disaster for future generations. Predicting when the rain tops up

:15:06. > :15:10.the reservoirs and by how much is a tough challenge, not just for the

:15:10. > :15:20.decades ahead, but right now with an anxious wait for rain this

:15:20. > :15:22.

:15:22. > :15:27.Winter. Coming up. The right honourable gentlemen knows well we

:15:27. > :15:30.had no choice but to close the school. Meryl Streep talks about

:15:30. > :15:36.playing Margaret Thatcher and falls in love with the BBC's art editor

:15:36. > :15:44.along the way. The Shakespearean element to it like a a Lear or a

:15:45. > :15:49.Hamlet. Oh, I love you, Simon There's new evidence today that the

:15:49. > :15:51.crisis in the eurozone is undermining growth across the world.

:15:51. > :15:54.In China, the world's strongest economy, manufacturing output is

:15:54. > :15:57.shrinking, partly because of the fall in sales to the fragile

:15:57. > :16:00.economies of the eurozone. Our business editor, Robert Peston,

:16:00. > :16:08.reports from China on how they're coping with the destructive forces

:16:08. > :16:12.from the West. Shanghai, China, the world's second

:16:12. > :16:17.biggest economy. Still growing fast while western economies stagnate.

:16:17. > :16:21.But the umph is off the Chinese boom because the eurozone,

:16:21. > :16:25.floundering under its debts, isn't buying as much as Chinese stuff.

:16:25. > :16:29.All those troublesome western debts? Well some would say China is

:16:29. > :16:34.partly to blame for them. Just look at the extraordinary wealth that

:16:34. > :16:37.China's economic miracle has generated. But the way that China,

:16:37. > :16:41.other Asian countries, Germany, have exported so much more than

:16:41. > :16:46.they import have produced so much more than they consume. Well,

:16:46. > :16:50.that's put the global economy on fragile foundations, because their

:16:50. > :16:54.enormous surpluses, their savings have been lent to us so that we can

:16:54. > :17:01.buy their stuff and in the process the debts of the US, the UK, much

:17:01. > :17:05.of the eurozone, have become unsustainably large. Just a few

:17:05. > :17:08.miles outside Shanghai is a farmer, Mr Xui, living and working in harsh

:17:08. > :17:12.conditions of the sort we haven't seen in Britain for 100 years.

:17:12. > :17:18.China's economic miracle allowed his son to escape the poverty of

:17:18. > :17:23.the land. TRANSLATION: My son doesn't do farm work now. My

:17:23. > :17:26.village is in an industrial area and light industry developed very

:17:26. > :17:30.well here. On the farm we live at the mercy of the elements, which

:17:30. > :17:35.means the income isn't stable. My son won't do farm work. He doesn't

:17:35. > :17:39.want to do it at all. He is a salesman in a factory. Because of

:17:39. > :17:44.the millions coming on to the Chinese jobs market every year,

:17:44. > :17:48.China needs economic growth of 8% or more to prevent social unrest.

:17:48. > :17:52.But with our economies so weak, purchases of Chinese stuff by

:17:52. > :17:55.western consumers probably won't deliver that rise in prosperity any

:17:55. > :18:01.longer, so I asked one of China's new generation of billionaires

:18:01. > :18:05.whether the Chinese themselves can be persuaded to spend more?

:18:05. > :18:09.TRANSLATION: Yes, it's happening. Consumption is

:18:09. > :18:12.growing at a faster rate than the economy. Workers' wages have been

:18:12. > :18:16.improving and that will drive people's consumption. The older

:18:16. > :18:21.generation doesn't spend too much money, but the younger generation

:18:22. > :18:26.has almost the same spending habits as their American counterparts.

:18:26. > :18:32.If China reengineers its economy so people consume more and save less

:18:32. > :18:35.that should help us to remake our economy so that we consume less and

:18:36. > :18:39.export more. The sad truth about Britain right now is that we could

:18:39. > :18:45.hardly sell less to the economy whose future may well determine all

:18:45. > :18:55.our futures. Robert Peston's series, The Party's

:18:55. > :18:57.

:18:57. > :18:59.Over: How the West was Bust, starts this Sunday at 7.00pm on BBC2.

:18:59. > :19:02.European Union foreign ministers have agreed to tighten sanctions

:19:02. > :19:04.against Iran because of concerns about its nuclear programme.

:19:04. > :19:08.They're adding the names of 180 Iranian companies and individuals

:19:08. > :19:16.to a list of those targeted by sanctions. The foreign ministers

:19:16. > :19:19.also condemned the attack on the British embassy in Tehran.

:19:19. > :19:21.The broadcaster Jeremy Clarkson has apologised for saying public sector

:19:21. > :19:25.workers who went on strike yesterday should be shot. He said

:19:25. > :19:28.the comments, made on the The One Show last night, were clearly not

:19:28. > :19:33.meant to be taken seriously. The BBC, which has received almost

:19:33. > :19:38.5,000 complaints, has also apologised. Trade unions said he

:19:38. > :19:41.should be sacked for the remarks. Nick Higham has the story.

:19:41. > :19:46.Jeremy Clarkson at Heathrow today on his way to China, and implying

:19:46. > :19:48.he had been quoted out of context. See what I actually said and don't

:19:48. > :19:54.judge... What he actually said was this:.

:19:54. > :19:58.Do you think the strikes have been a good idea? Fantastic. Absolutely.

:19:58. > :20:02.Never had - London today, has just been empty. Everybody stayed at

:20:02. > :20:06.home, you can whizz about. Restaurants were empty. Then he

:20:06. > :20:12.added this in the same satirical tone. We have to balance it,

:20:12. > :20:16.because this is the BBC. Frankly, I would have them all shot. I would

:20:16. > :20:20.take them outside and execute them in front of their families, I mean,

:20:20. > :20:23.how dare they go on strike... the BBC apologised and so did

:20:23. > :20:26.Jeremy Clarkson saying he meant it as a joke. But others, including

:20:26. > :20:30.many supporters of yesterday's strike, failed to see the funny

:20:30. > :20:36.side. They saw a combination of bad taste and a politically motivated

:20:36. > :20:41.attack. For Jeremy Clarkson, a close friend of David Cameron, to

:20:41. > :20:46.say that is not only misjudged but it's incitement to hatred. It's a

:20:46. > :20:50.horrible thing to do. Tonight's One Show went on air with no mention of

:20:50. > :20:54.the row. Unison welcomed Jeremy Clarkson's apology, and invited him

:20:54. > :20:57.to spend a day on a hospital ward with one of its members. Earlier,

:20:57. > :21:01.on ITV, the Prime Minister sounded a touch embarrassed by the affair.

:21:01. > :21:05.Obviously, a silly thing to say and I am sure he didn't mean that. I

:21:05. > :21:08.didn't see the remark. It's a silly thing to say. Jeremy Clarkson

:21:08. > :21:12.actually said two things that provoked complaints. The other was

:21:12. > :21:15.a joke about people who commit suicide by throwing themselves

:21:15. > :21:18.under trains. The One Show team thought that was so offensive they

:21:18. > :21:23.apologised at the end of the programme. But they didn't

:21:23. > :21:27.apologise for the remark about strikers. Presumably because they

:21:27. > :21:31.thought it fell just the right side of the line between edgy humour and

:21:31. > :21:37.the offensive on the other. When Russell Brand and Jonathan

:21:37. > :21:40.Ross crossed that line by making offensive prank calls to Andrew

:21:40. > :21:44.Sachs, one was sacked and the other suspended. Jeremy Clarkson himself

:21:44. > :21:48.is no stranger to controversy, suggesting truck drivers murdered

:21:48. > :21:52.prostitutes caused offence, so did calling Gordon Brown a one-eyed

:21:52. > :21:56.idiot. I have said that now... Reaction to his latest remarks?

:21:56. > :22:01.was downright disgraceful. Absolutely disgraceful. Just his

:22:01. > :22:05.sense of humour. But maybe he shouldn't have been on The One Show.

:22:05. > :22:11.But Jeremy Clarkson can take it as well as dish it out.

:22:11. > :22:21.Good one! This was his reaction when he went to Oxford to receive

:22:21. > :22:22.

:22:22. > :22:24.an and -- an honorary degree. one, was that you? Great shot.

:22:24. > :22:28.The coffee chain Starbucks has announced plans to create 5,000

:22:28. > :22:31.jobs in the UK over the next five years. It's due to open 300 new

:22:31. > :22:33.outlets, most of them drive- throughs. The company says the move

:22:33. > :22:38.will particularly benefit the young unemployed. Half the chain's coffee

:22:38. > :22:41.shop staff are under 24-years-old. Twenty one years after Margaret

:22:41. > :22:44.Thatcher left Downing Street, the Iron Lady is being portrayed on the

:22:44. > :22:47.big screen by the Hollywood star Meryl Streep. She's been describing

:22:47. > :22:55.the challenge of portraying one of the most powerful women of the 20th

:22:55. > :23:00.century, in an exclusive interview with our arts editor, Will Gompertz.

:23:00. > :23:04.I ask the right honourable gentleman whose fault is that?

:23:04. > :23:08.There might be only one Margaret Margaret Margaret Thatcher, but

:23:08. > :23:13.she's had many imitaters over the years. Teachers cannot teach when

:23:13. > :23:17.there is no heating... Now Meryl Streep is taking a turn to don the

:23:17. > :23:26.blue suit. What did she want to bring to what is already a well-

:23:26. > :23:33.worn part? I wanted to, in some way, capture whatever it was that drew

:23:33. > :23:43.people to her and whatever it was that made people have just a

:23:43. > :23:48.special venom for her as a public figure. You turn if you want to.

:23:48. > :23:52.The lady's not for turning. most difficult thing that I had to

:23:52. > :24:00.do was to find the breath to not only make my points, but to make

:24:00. > :24:07.sure that you didn't get your point in at any point - and another thing.

:24:07. > :24:11.The milk's gone up. 49p a pint. Meryl Streep plays two Margaret

:24:11. > :24:14.Thatchers. One is the political powerhouse, the other a

:24:14. > :24:18.fictionalised version depicts a frail old lady with dementia having

:24:18. > :24:22.recurring visions of her decessed husband, Denis. To play one

:24:22. > :24:26.character in two different ways is not easy. Not without standing too

:24:26. > :24:36.grand about it, I suppose is an element, a Shakespearean element to

:24:36. > :24:38.

:24:38. > :24:45.it, like a Lear or Hamlet. Oh, I love you! Will Gompertz, oh, my God.

:24:45. > :24:49.It's concerned with the end game and how, you know, power

:24:49. > :24:53.deminutishes. -- diminishes in every capacity. Here is a man who

:24:53. > :24:56.knows Margaret Thatcher well. He found Meryl Streep's performance

:24:56. > :25:00.totally convincing, but was uncomfortable about the portrayal

:25:00. > :25:05.of his one-time boss in old age with failing mental health. This

:25:05. > :25:11.will be very controversial. Margaret Thatcher is depicted as a

:25:11. > :25:15.feeble old lady, lonely, to some extent hallucinating and I found

:25:15. > :25:20.that very painful to watch. If it were about my mother I would feel

:25:20. > :25:26.very, very unhappy about it. I do think you can defend it as a work

:25:26. > :25:33.of art. Did you have qualms doing it while she was still alive?

:25:33. > :25:41.felt that if we did it in the right way, yes, it would be OK. Members

:25:41. > :25:46.of my family have had dementia and friends. There is a feeling that

:25:46. > :25:50.the walls are just more permeable between the present and the past.

:25:50. > :25:56.Meryl Streep has been nominated for more Oscars than any other actress