:00:16. > :00:21.Britain is strepd from its AAA credit rating for the first time in
:00:21. > :00:24.30 years. He and his policy have failed and he has been downgraded.
:00:24. > :00:29.If we abandon our commitment to deal with that debt problem, our
:00:29. > :00:31.situation will get very much worse. And I'm absolutely clear we mustn't
:00:31. > :00:36.do that. Oscar Pistorius spends his first
:00:36. > :00:39.day out of custody, as the father of Reeva Steenkamp warns the
:00:39. > :00:44.athlete will have to live with his conscience if he has lied about how
:00:44. > :00:47.he killed herment On the trail of the missing Banksy,
:00:47. > :00:52.a graffiti art work that disappeared from a north London
:00:52. > :00:56.wall is withdrawn from auction in Miami.
:00:56. > :01:06.And England remain on course for the Grand Slam after beating France
:01:06. > :01:18.
:01:18. > :01:27.Good evening. The Chancellor, Georges a born, has rejected accan
:01:27. > :01:33.you sayss his economic policy is failing after his priced AAA credit
:01:34. > :01:37.rating was reduced since the first time since the 1970.
:01:37. > :01:40.Labour says it is a humiliating blow.
:01:40. > :01:46.Our chief economics correspondent Hugh Pym has more.
:01:46. > :01:49.It doesn't look much. AAA down to AA 1 but the change has potentially
:01:49. > :01:59.major implications, not least politically, for a Chancellor, who
:01:59. > :02:02.in the past has said how important it is for the UK to keep the AAA
:02:02. > :02:10.rating We'll maintain Britain's AAA credit rating One of the things I'm
:02:10. > :02:14.coon on doing, putting it mildly, to to preserve Britain's AAA rating.
:02:14. > :02:18.I asked if it damaged his credibility? Britain has a debt
:02:18. > :02:23.problem. I agree with that. I have been telling the country for years
:02:23. > :02:26.that we have a debt problem and we have to deal with it. What do they
:02:26. > :02:31.also say? If we abandon our commitment to deal with it, the
:02:31. > :02:35.situation will get worse. I'm clear we mustn't do that. You said in the
:02:35. > :02:38.Conservative manifesto you would safeguard Britain's credit rating,
:02:38. > :02:43.that hasn't happened. Isn't that a broken pledge? We made it very
:02:43. > :02:45.clear we were keen it see Britain's face its problems. I don't think
:02:45. > :02:49.anyone looking at what this Government has done, would say we
:02:49. > :02:54.have run away with the problems and not taken the difficult decisions.
:02:54. > :02:58.But Labour said it lose the top AAA status, even with a tough austerity
:02:59. > :03:04.plan was embarrassing. He said it would be humiliating to lose AAA.
:03:04. > :03:09.He said if he had bigger tax rise and spending cuts, would he keep
:03:09. > :03:14.his AAA rating. He and his policy have failed. The AAA club of
:03:14. > :03:19.leading economies is smaller than it was. In August 2011 the USA was
:03:19. > :03:22.downgrade bid one agency, standard and poors. France was stripped of
:03:22. > :03:27.its AAA rate big the same agency last year and a few months later by
:03:27. > :03:31.Moody's. Yesterday was the UK's turn. That means only Canada and
:03:31. > :03:34.Germany remain with AAA status at the leading agencies.
:03:35. > :03:38.Moody's and the others simply reflect what's already known about
:03:38. > :03:42.a country's economic problems, so downgrades don't always affect
:03:42. > :03:46.borrowing costs. We've seen in France and America, they lost their
:03:46. > :03:50.AAA rating. The cost of their money actually barely changed at all. The
:03:50. > :03:54.rates are astonishing low and are going to stay low for the time
:03:54. > :03:56.being. As the political debate over the handling of policy here at
:03:56. > :04:01.Number 11 Downing Street continues, the first significant reaction from
:04:01. > :04:05.the financial markets will come when they reopen on Monday morning.
:04:05. > :04:08.Dealers were anticipating a UK downgrade, but as the reality sinks,
:04:08. > :04:14.in the value of the pound, weaker against the dollar in recent days,
:04:14. > :04:18.could be affected. Our political core spon detective
:04:18. > :04:21.Iain Watson is in Downing Street for us. -- correspondent. How
:04:21. > :04:25.difficult is this for the Government? It is likely to be more
:04:25. > :04:29.political damage than economic. It is not a big financial disaster to
:04:29. > :04:32.get a ungrade. As we have been hearing some other countries
:04:32. > :04:35.suffered a similar fate without borrowing costs going through the
:04:35. > :04:39.roof. But this comes after sluggish economic growth and after the news
:04:39. > :04:43.that the Chancellor is likely to meet death targets but his critics
:04:43. > :04:48.are saying it is a symptom of wider economic problems. I fully expect
:04:48. > :04:52.in the run-up to his Budget, some MPs will push him to cut public
:04:52. > :04:55.spending fast and deeper, Lib Dems will try to push back. But there is
:04:55. > :04:58.another political problem for the Chancellor. Some MPs are saying -
:04:58. > :05:01.look, he has invested too much political capital in saying he
:05:01. > :05:05.could protect Britain's credit rating and, in difficult economic
:05:05. > :05:09.times that was always going to be tough. Therefore, this has allowed
:05:09. > :05:14.Labour it start claiming that the Chancellor is now failing -- to
:05:14. > :05:17.tart claiming that the Chancellor has failed in his own terms and
:05:17. > :05:27.quite frankly economic credibility can be as difficult to protect as
:05:27. > :05:33.your credit ratinging. The father of Oscar Pistorius has warned that
:05:33. > :05:35.he will have to live with his conscience if he killed Reeva
:05:35. > :05:42.Steenkamp. Barry Steenkamp said Oscar
:05:42. > :05:47.Pistorius would suffer alone if his explanation was false.
:05:47. > :05:50.-- the father of Reeva Steenkamp. Out on bail. Oscar Pistorius is
:05:50. > :05:54.staying at his uncle's house. Probation officers arriving this
:05:54. > :05:59.afternoon, as part of the strict conditions imposed on the athlete
:05:59. > :06:02.ahead of his murder trie. He can't leave this city without permission.
:06:02. > :06:09.His release from custody has divided opinion in South Africa.
:06:09. > :06:14.I was so disappointed. Then this is saying to us to say - people can
:06:14. > :06:21.just shoot and be given bail. not a court case. Floss judgment
:06:21. > :06:26.being given. It's saying - can we hold this guy so the law can have
:06:26. > :06:31.its way later. That's all that has been decided. I don't think he is a
:06:31. > :06:41.flight risk. After a week of twists and drama in court. Pistorius's
:06:41. > :06:44.
:06:44. > :06:54.But the gulf between the two families was underlined again today
:06:54. > :06:55.
:06:55. > :07:00.when Reeva's family had this to say Oscar Pistorius is not due back in
:07:00. > :07:07.court now until June. In the meantime, the murder investigation
:07:07. > :07:12.continues with this country's justice system and two graefg
:07:12. > :07:15.families -- two griefing families in the international spotlight.
:07:16. > :07:19.A woman and her elderly parents have died of suspected carbon
:07:19. > :07:24.monoxide poisoning at a caravan park in Cornwall. The alarm was
:07:24. > :07:27.raised at lunch time when firefighters broke into the static
:07:27. > :07:33.caravan at Tremarle Home Park in Cambourne and found the three
:07:33. > :07:38.family members. Now, a Banksy mural which vanished
:07:38. > :07:42.from the wall of a shop in north London only to end up at an auction
:07:42. > :07:48.house in Miami, has tonight been withdrawn from sale at the last
:07:48. > :07:52.minute. The art work, called Slave Labour shows a boy, hunched over a
:07:52. > :07:57.sewing machine, making Union Jack bunting. It was expected to fetch
:07:57. > :08:02.more than �450,000 but prot posed auction had provoked protests from
:08:02. > :08:07.local rest dents here. -- proposed auction. This piece of art was
:08:07. > :08:11.Banksy's gift to the British public. Stencilled by Britain's best-known
:08:11. > :08:15.graffiti artist, it appeared just before the jubilee on the wall of a
:08:15. > :08:21.north London discount store. Then it disappeared. Only to suddenly
:08:21. > :08:24.reappear in an auction brochure in America, valued at over �400,000.
:08:24. > :08:28.Tonight, minutes before the auction was to begin, it was then
:08:28. > :08:34.dramatically withdrawn from sale, with no explanation.
:08:34. > :08:39.! Save our Banksy. A victory, perhaps, for the residents of Wood
:08:39. > :08:42.green, who have been demanding to have that I Banksy back, ever since
:08:42. > :08:48.it vanished. Banksy gave this to the people. It should be returned.
:08:48. > :08:52.I hope they feel sufficiently guilty. Wood green isn't known for
:08:52. > :08:57.anything apart from - well, it is not known for anything. It was nice
:08:57. > :09:01.it was here. Feelings here may be running high.
:09:01. > :09:05.But Scotland Yard says no-one has reported a theft. Exactly who
:09:05. > :09:09.chipped the image off the wall and who is selling it remains a mystery.
:09:10. > :09:14.The company that owns the property, Wood Green Investments, has
:09:14. > :09:17.declined to comment. The protesters here say they accept technically it
:09:17. > :09:22.would appear, at least for now, that no crime has been committed.
:09:22. > :09:27.But what they argue, is that by taking a piece of art, it was
:09:27. > :09:31.clearly designed to be on public display, is a act that's both
:09:31. > :09:35.morally and ethically wrong. piece called Slave Labour was a
:09:35. > :09:40.cheeky critique of capitalism. The idea that piece is now being sold
:09:40. > :09:43.in Miami runs counter to the spirit in which it was given. Banksy's
:09:43. > :09:49.satirical street art has appeared in the nation's public spaces for
:09:49. > :09:53.well over a decade. Some has fallen into disrepair but its influence on
:09:53. > :09:57.Britain's newest urban artists is profound. Possibly inspiring this,
:09:57. > :10:04.a painting that now appeared in the void where Banksy's original image
:10:04. > :10:08.once stood. Now, it's the biggest night in the
:10:08. > :10:14.showbiz calendar tomorrow as Hollywood plays host to the Oscars.
:10:14. > :10:18.There is a raft British talent who will parade down the red carpet
:10:18. > :10:23.hoping for a gk. Alistair Leithead went to a British cocktail party to
:10:23. > :10:31.scope out our best chances. The world's most famous red carpet
:10:31. > :10:35.getting ready for the world'sms famous feet to tread. And at an
:10:35. > :10:40.Oscars' pre--party in LA. British Oscars were shaken and stirred by
:10:40. > :10:47.the chance of a gong. Adele is high on the list to win Best Original
:10:47. > :10:51.Song. No Bond theme has won an Oscar and with a 50th anniversary
:10:51. > :11:00.celebration planned it, could be Bond's year. At the British party
:11:00. > :11:06.were a former leading man and a former bondgirl Jane Seymour.
:11:06. > :11:12.crazy Adele fan. I hope it wins. George Lazenby played James Bond
:11:12. > :11:16.once, in 1969. None of them were as good as I was. Thasz' for sure.
:11:16. > :11:21.Despite its title, Les Miserables is a very British movie. Filmed
:11:21. > :11:23.mostly in Britain, with a British director and producer. There is a
:11:23. > :11:26.very good argument for several films to be winning. We are
:11:26. > :11:31.thrilled that Les Miserables is even up for consideration. I
:11:31. > :11:34.couldn't be happier. One of the hottest tip this is year is Daniel
:11:34. > :11:41.Day-Lewis as Lincoln. He might have been born in Britain but he prefers
:11:41. > :11:46.to be known as Irish. This moment, now, now, now. It's
:11:46. > :11:49.been a long Oscars' week of functions, lunch yons and cocktail
:11:49. > :11:52.parties. Now Hollywood is in the home straight. This won't be long
:11:52. > :11:58.before we find out who will be taking those little gold statues
:11:58. > :12:02.home. Sport now, for a full round of-up
:12:02. > :12:09.of the action here is Lizzie Greenwood-Hughes.
:12:09. > :12:12.Good evening. England survived Le Crunch beating France 23-13 in a
:12:12. > :12:16.bruising Six Nations' battle at Twickenham today. The holders,
:12:16. > :12:19.Wales, can still win the tournament after a 26-9 victory in Rome but it
:12:19. > :12:23.is England who have the Grand Slam in their sights with two matches
:12:23. > :12:27.left to play. Dan Roan was there. The confidence
:12:27. > :12:31.swirling around Twickenham was palpable. Twice-beat France, the
:12:31. > :12:35.sick men of the six nations were in familiar disarray, while for
:12:35. > :12:40.England, unbeaten this campaign, things were looking Rosie. While
:12:40. > :12:43.the home fans brimed with belief, the players were warive wounded
:12:43. > :12:47.opponents, more talented than recent results suggested. France
:12:47. > :12:52.would have to be taimed. England's Owen Farrell had prepared to be
:12:52. > :12:58.targeted but the fly-half for once, appeared rattled. The visitors then
:12:58. > :13:01.proved why French unpredictability is such an enduring cliche. The
:13:01. > :13:04.brilliant Wesley Forfana giving France a deserved lead as England
:13:04. > :13:09.struggled for flew ency. The hosts improved after the re-
:13:09. > :13:14.start but they also got lucky. When the balls with kicked forward on to
:13:14. > :13:19.the off-side, play should have been stopped it. Wasn't. The ball
:13:19. > :13:22.ricocheted out to Manu Tuilagi and they took full advantage. England
:13:22. > :13:28.suddenly seven points clear. Farrell was then forceds off with
:13:28. > :13:34.injury. But while France were weakened by their substitutions,
:13:34. > :13:38.England seemed galan advised. Toby Flood with two penalties. French
:13:39. > :13:43.resistance flickered but there was no way back. England had won ugly.
:13:43. > :13:48.Their impressive resolve, proving decisive. It was a tough Test Match.
:13:48. > :13:52.The boys have come out on top. It was a great win. We have a week off
:13:52. > :13:55.and then we will focus on the next game stkwhr. England may have
:13:55. > :14:00.prevailed but this was a reality check. A reminder there is work to
:14:00. > :14:04.be done. Nonetheless they remain on course for the first Grand Slam in
:14:04. > :14:07.a decade. One suspects they'll have to up their game tie chief it.
:14:07. > :14:14.Wales' boosted their chance of defending their title with a
:14:14. > :14:23.clinical victory in ro. Tries from Jonathan Davies and then Jonathan
:14:23. > :14:29.Cuthbert sealing the win. The final day may improve a decider.
:14:29. > :14:33.England's women didn't fair as well against France, beaten 30-20. It
:14:33. > :14:38.leaves them fourth in the six nagss' table. Ireland are still top
:14:38. > :14:44.with a victory over Scotland. Db Six Nations' table. Great Britain's
:14:44. > :14:50.Becky James has won her first gold title taking the gold in the sprint
:14:50. > :14:56.in midges. She battled back from losing the first race to beat
:14:56. > :14:58.Germany's Kristina Vogel. There were six matches in the
:14:59. > :15:03.Premier League today. Match of the Day follow this programme. If you
:15:03. > :15:07.don't want to know the scores, this don't want to know the scores, this
:15:07. > :15:14.is your chance to leave the room. The battle for survival at the
:15:14. > :15:19.Madejski was won by Wigan or out of the relegation zone, beating
:15:19. > :15:23.Reading. Kone scoring two goals. Below them QPR are now seven points
:15:23. > :15:27.from safety, after losing 2-0 to Manchester United who increase
:15:28. > :15:33.their lead at the top of the table to 15. Aston Villa are now back in
:15:33. > :15:40.the bottom three, losing 2-1 to Arsenal. Else where, Everton lost
:15:40. > :15:45.2-1 to Norwich. West Ham beat Sunderland and in the early kick-
:15:45. > :15:52.off Fulham beat Stoke. In the Scottish Premier League,
:15:52. > :15:56.Celtic play Dundee tomorrow. Inverness beat Hearts. St Johnstone
:15:57. > :16:00.had a 1-0 home win against St Mirren.
:16:00. > :16:04.England's cricketers have won their first One Day Series against New
:16:04. > :16:10.Zealand for nearly 20 years with a five wicket victory in the decider
:16:10. > :16:15.in Auckland. Steven Finn claimed three for 27 as the hosts were all