0:00:12 > 0:00:16You're watching Beyond 100 Days. Two big economic stories on either side
0:00:16 > 0:00:19of the Atlantic. In the UK, and interest rate rise for the first
0:00:19 > 0:00:24time in a decade.And here, the US president prepares to name his pick
0:00:24 > 0:00:30to be the next chief of the Federal reserve. Janet Yellen is out, Jerome
0:00:30 > 0:00:32Powell could be in. What does Trump's Tres tell us about the
0:00:32 > 0:00:39future of the world's most powerful central bank? This is the view right
0:00:39 > 0:00:42now of the White House Rose Garden where the president is due to
0:00:42 > 0:00:45confirm him any time now. The Republicans are ready to unveil
0:00:45 > 0:00:50their plans for tax reform. Not since Ronald Reagan has there been
0:00:50 > 0:00:53an across-the-board tax cut. Eight former members of the Catalan
0:00:53 > 0:00:56government are in custody in the grid while a court considers an
0:00:56 > 0:01:02arrest warrant for the deposed leader, who is in Belgium. Also on
0:01:02 > 0:01:06the programme: Not pulling any punches. President Trump says the
0:01:06 > 0:01:11New York terror suspect should face the death penalty. As part of our
0:01:11 > 0:01:15special series on the Russian Revolution, we've visit the place of
0:01:15 > 0:01:21a decisive battle. But whose victory was it?So often here, the past is
0:01:21 > 0:01:26rewritten, reinterpreted according to who is in power.Do get in touch
0:01:26 > 0:01:31with us using the hashtag.
0:01:40 > 0:01:44Welcome, I'm Christian Fraser in London, Jon Sopel is in Washington.
0:01:44 > 0:01:49These past few days, the focus has been consumed by the indictments in
0:01:49 > 0:01:52the Russia investigation, under terror attack in New York and the
0:01:52 > 0:01:55President's response to both. Anywhere but where Donald Trump
0:01:55 > 0:02:00would really want is to be focusing, his agenda on the economy.But
0:02:00 > 0:02:05shortly, the president is shortly to announce who is to be the new chair
0:02:05 > 0:02:08of the Federal reserve, and in Congress after delays and fine
0:02:08 > 0:02:13tuning, the Republicans have at last been unveiling their plans for tax
0:02:13 > 0:02:18reform.We are working to give the American people a giant tax cut for
0:02:18 > 0:02:22Christmas. We are giving them a big, beautiful Christmas present in the
0:02:22 > 0:02:28form of a tremendous tax cut. It will be the biggest cut in the
0:02:28 > 0:02:31history of our country. It would also be tax reform, and it will
0:02:31 > 0:02:40create jobs.Joining us now for a reaction to today's announcement is
0:02:40 > 0:02:46the former governor of Minnesota and CEO of the lobbying group financial
0:02:46 > 0:02:52services Round Table. What do we know about the new guy. Will it
0:02:52 > 0:03:04frighten the markets will reassure? The new guy is also the old guy, he
0:03:04 > 0:03:10has plenty of experience, this is a steady hand on the throttle,
0:03:10 > 0:03:16somebody experienced, probably a continuation of the Yellen monetary
0:03:16 > 0:03:20policy, more open and perhaps Janet Yellen was.And the other big story
0:03:20 > 0:03:24we have been covering is the unveiling of the tax reform measures
0:03:24 > 0:03:28in the house that has kind of won the approval of the president so
0:03:28 > 0:03:31far. How easy is it going to be to get these measures through? He is
0:03:31 > 0:03:35talking about getting them on the statute book by Christmas. Is that
0:03:35 > 0:03:39possible?It won't be easy, but I think it will get done for this
0:03:39 > 0:03:42reason, if you are a Republican who has campaigned around this country
0:03:42 > 0:03:47saying if we are ever going to get in power we will have conquered the
0:03:47 > 0:03:51tax reform, and they don't do this, particularly on the heels of failing
0:03:51 > 0:04:00to repeal and replace bar McKerr, -- Obamacare, that will not that bad,
0:04:00 > 0:04:06so they need to get it done.And is it a tax cut everyone? A lot of the
0:04:06 > 0:04:09experts say it leans towards corporations and the rich.It is a
0:04:09 > 0:04:13good day for a number of things, for simplifying the tax code, they are
0:04:13 > 0:04:18estimating that 90% or more of tax filers will be able to submit their
0:04:18 > 0:04:23taxes on one page which will be a lot less headache most Americans.
0:04:23 > 0:04:27Who does provide middle income tax relief, they are estimating for an
0:04:27 > 0:04:33average household that make $60,000, that could mean as much as $1200 or
0:04:33 > 0:04:36more in their pockets, and for a modest income person, that is real
0:04:36 > 0:04:41money. And although a lot of the other benefits are geared towards
0:04:41 > 0:04:44companies and businesses, if we are going to have good paying jobs we
0:04:44 > 0:04:49need businesses to start and grow by commitment and pay wages, so we
0:04:49 > 0:04:53shouldn't take any defence or shame in saying that we are going to grow
0:04:53 > 0:04:58the economy, and this tax bill will do that.We are still waiting for
0:04:58 > 0:05:04the president to arrive. Going back to J Powell, he is the first federal
0:05:04 > 0:05:08chair, if it is him, that hasn't studied for a Ph.D. In economics
0:05:08 > 0:05:16since the 1980s. I would have thought that qualification in
0:05:16 > 0:05:21economics would be a prerequisite? That are some who might argue on the
0:05:21 > 0:05:25popular side of the debate who would say of the ones who got us in
0:05:25 > 0:05:29trouble, we need people with common sense and practical experience, and
0:05:29 > 0:05:35Governor Powell certainly has that. And a final thought on the
0:05:35 > 0:05:38complexity of the tax code and changing it, everybody has little
0:05:38 > 0:05:42concessions for mortgage relief all this, the special interest groups
0:05:42 > 0:05:48will want to preserve this. Yet you are talking about fundamental
0:05:48 > 0:05:53reform. How easy will it be to get people to give up the special
0:05:53 > 0:05:57interests?I do think it will be easy, but I think it will get done
0:05:57 > 0:06:00because of what little about earlier. When we talk about niche
0:06:00 > 0:06:04things being eliminated, the retort to Congress will be looking at the
0:06:04 > 0:06:09net effect of the whole package, so you might lose a deduction here or
0:06:09 > 0:06:14there, but if you look at the net benefit, for most businesses and
0:06:14 > 0:06:18most people it will be positive. Tim, thank you very much indeed.
0:06:18 > 0:06:25Lets just show you these live pictures coming to us from the White
0:06:25 > 0:06:31House Rose Garden. We might dip back to that when the president arrives.
0:06:31 > 0:06:36Jon, the president once this tax reform through by Thanksgiving,
0:06:36 > 0:06:38which is pretty ambitious. No question who he holds responsible
0:06:38 > 0:06:41for this. Have a listen to what he said yesterday in his cabinet
0:06:41 > 0:06:48meeting.Administration officials including Gary Cohen will be
0:06:48 > 0:06:53Steimbach from the trip to Asia to remain vigilant in making sure the
0:06:53 > 0:07:06tax cuts pass, so if I have any problems, I will be blaming
0:07:06 > 0:07:15Stevenage -- Manuchin.There are always used to be saying that
0:07:15 > 0:07:19failure is an orphaned but success has many parents. You can be sure
0:07:19 > 0:07:24that success will only have one name attached to it, Donald Trump.And as
0:07:24 > 0:07:30he heads off to China, is his head full of this, or is it elsewhere? Is
0:07:30 > 0:07:32it in the Russia investigation is under all that has gone on at the
0:07:32 > 0:07:38beginning of the week?I think that the Asia trip, particularly the trip
0:07:38 > 0:07:45to Korea and China is so consequential, they fill a lot of
0:07:45 > 0:07:52days in the President's diary. Look at the terror attack in New York, he
0:07:52 > 0:07:55must've had a strong instinct to go there, but he has wanted to keep his
0:07:55 > 0:08:00focus on what will be happening in Japan, China, and when he goes to
0:08:00 > 0:08:03Asia and trying to counter the influence of China as well. He has
0:08:03 > 0:08:07just come, so let's listen in.I am pleased to welcome members of the
0:08:07 > 0:08:14Calum -- Cabinet, members of Congress and distinguished guests to
0:08:14 > 0:08:21the White House Rose Garden this afternoon. I also welcome the
0:08:21 > 0:08:26chairman of the Senate Banking Committee who has done an incredible
0:08:26 > 0:08:34job, where is Mike? Great job, appreciate it. As president there
0:08:34 > 0:08:37are few decisions more important than nominating leaders of integrity
0:08:37 > 0:08:43and good judgment hold trusted positions in public office. And few
0:08:43 > 0:08:46of those trusted positions are more important than the chairman of the
0:08:46 > 0:08:51Federal reserve. Accordingly, it is my pleasure and honour to announce
0:08:51 > 0:08:59my nomination of Jerome Powell to be the next chairman of the Federal
0:08:59 > 0:09:10reserve. Congratulations.Just as well it was J Powell, after we told
0:09:10 > 0:09:16you it would be! Good timing. We will talk a bit more about that.
0:09:16 > 0:09:19Interest rates here in the UK have risen for the first time in more
0:09:19 > 0:09:23than a decade. The Bank of England's Monetary Policy Committee has risen
0:09:23 > 0:09:29the cost of borrowing from a quarter to a half of percent.It means
0:09:29 > 0:09:32almost 4 million households will face higher mortgage payments after
0:09:32 > 0:09:35the rise, but long-awaited good news for savers who should get a modest
0:09:35 > 0:09:41lift their returns. It has been ten years since the last rate rise, and
0:09:41 > 0:09:50we will look back at the fall it has taken.One of the first things you
0:09:50 > 0:09:56will notice about the iPhone is it simple design.
0:10:27 > 0:10:38I can just about remember interest rate rises! With me is Vicki Price,
0:10:38 > 0:10:44and how do we seek the appointment of Jerome Powell?He is himself in
0:10:44 > 0:10:49favour generally of a fairly easy monetary policy, perhaps not as easy
0:10:49 > 0:10:53as Janet Yellen, but certainly I think he would be listening a lot
0:10:53 > 0:11:00more to what Donald Trump wants to see happen. If it is a continuation,
0:11:00 > 0:11:03what is the point of changing? What he is obviously aiming to do is
0:11:03 > 0:11:07facilitate through the new appointment some of the deregulation
0:11:07 > 0:11:13that he wants to see into the banking system itself, which Janet
0:11:13 > 0:11:15Yellen didn't seem to be pleased that.Let's talk about interest
0:11:15 > 0:11:25rates. Although have done is take back the quarter cut that they took
0:11:25 > 0:11:31after the Brexit vote.Yes, but why? The Bank of England had been pushed
0:11:31 > 0:11:37into a corner. He was expecting they might do something. Committee
0:11:37 > 0:11:41members are independent, so they can say what they think about the
0:11:41 > 0:11:49economy, and they have sent some confusing messages. The number who
0:11:49 > 0:11:53you thought were in favour of keeping rates low had been starting
0:11:53 > 0:11:59to say we might see arise, so the markets were anticipating it. And
0:11:59 > 0:12:04with inflation 1% above the target, they had to do something, but it
0:12:04 > 0:12:11won't do much for sterling which reacted rather negatively to the
0:12:11 > 0:12:15fact that the words around the injuries were not more hawkish.
0:12:15 > 0:12:22There was nothing to say that there would be further increases soon.Did
0:12:22 > 0:12:29it and Amanda cut?Yes, and why do this now? The economy is showing
0:12:29 > 0:12:38signs of slowing down. There are huge uncertainties because of
0:12:38 > 0:12:43Brexit, and if you raise rates now whenever then you say around it is
0:12:43 > 0:12:45worrying, they themselves, the Bank of England, have downgraded their
0:12:45 > 0:12:51own forecast for growth of the economy, so you wonder why they're
0:12:51 > 0:12:57doing it, I think it is just because they had to do something.When the
0:12:57 > 0:12:59bank was given operational independence 20 years ago, that
0:12:59 > 0:13:10target was one of the main thing is, avoiding an overheating economy. Do
0:13:10 > 0:13:13we need to get rid of the inflation target that constrains the governor
0:13:13 > 0:13:19of England?Perhaps, but the truth is the inflation target has hardly
0:13:19 > 0:13:22constrained previous governors, and it hasn't constrained him for a
0:13:22 > 0:13:28while. But he only has to write a letter if the inflation rate goes up
0:13:28 > 0:13:33to more than 1% above, so if it goes to 3.1%, he might have to explain
0:13:33 > 0:13:39why he hasn't raised interest rates, but we have had the inflation rate
0:13:39 > 0:13:44way above this current level and low interest rates, so there is a
0:13:44 > 0:13:50constraint on his credibility, but there is a lot of leeway that the
0:13:50 > 0:13:55governor can have.Vicki
0:13:55 > 0:13:56there is a lot of leeway that the governor can have.Vicki, thank you
0:13:56 > 0:14:03for coming in. Gavin Williamson has been appointed as the new Defence
0:14:03 > 0:14:09Secretary after Sir Michael Fallon's resignation yesterday.Sir Michael
0:14:09 > 0:14:13resigned on Wednesday saying his past behaviour may have fallen short
0:14:13 > 0:14:17of the standard expected by the UK military. He became the first
0:14:17 > 0:14:22politician to quit after recently revealed claims of sexual harassment
0:14:22 > 0:14:34in Parliament. Laura Kuenssberg reports.Who would it be?
0:14:39 > 0:14:44Before long, Gavin Williamson emerged with the top brass. To take
0:14:44 > 0:14:49a proud walk across Whitehall. Into one of the biggest jobs in
0:14:49 > 0:14:53government.
0:14:53 > 0:14:58He has never worked in a government department before, though.It is a
0:14:58 > 0:15:01privilege to be able to step into this role, and what is so amazing is
0:15:01 > 0:15:06to have so many first-rate world-renowned people to be working
0:15:06 > 0:15:12with, and the armed services are the greatest pride of our nation. Until
0:15:12 > 0:15:16today, he was in charge of party discipline, and last month he
0:15:16 > 0:15:25described his approach. I don't like the stick, but it is amazing what
0:15:25 > 0:15:30can be achieved with a sharpened carrot.Leftover cheesy local MP
0:15:30 > 0:15:35pictures. In stead of managing his constituency and 315 Tory MPs, he is
0:15:35 > 0:15:43in charge of about 200,000 staff and £36 billion, part of a rising to
0:15:43 > 0:15:48regeneration and a Yorkshire and to boot. And here is his replacement,
0:15:48 > 0:15:51Julian Smith, the new Tory arm twisted in chief, one of Gavin
0:15:51 > 0:15:57Williamson's compound rates, who seems to have inherited his
0:15:57 > 0:16:04tarantula, yes, the giant spider the former Chief Whip kept on his desk.
0:16:04 > 0:16:07The new number two, Esther McVey, who says she will add this to the
0:16:07 > 0:16:12mix.Maybe I can bring a feminine touch to the whip's office and work
0:16:12 > 0:16:16with all my colleagues.The Ludik of Gavin Williamson's Move over there
0:16:16 > 0:16:20is simple. He is a good operator, and Theresa May trust him, but the
0:16:20 > 0:16:25pushback has been fierce. One senior Tory told me he has abandoned his
0:16:25 > 0:16:31post at a crucial time. One minister suggested that he has outplayed
0:16:31 > 0:16:34Number 10, saying Theresa May is so weak, she has allowed him to in
0:16:34 > 0:16:40point himself. And one former minister says this Government is in
0:16:40 > 0:16:45the grip of a bunch of boys. As ever, the irony is rich. The man who
0:16:45 > 0:16:49was in charge of making sure that MPs behave has found himself in a
0:16:49 > 0:16:57plum new job because one of his colleagues did not. And all the
0:16:57 > 0:17:01parties are readying themselves in case they have to defend their side
0:17:01 > 0:17:05from more potential allegations of bad behaviour. The Foreign
0:17:05 > 0:17:09Secretary, known for his interesting private life, said today he had
0:17:09 > 0:17:12nothing to hide. You confident your behaviour has been what would be
0:17:12 > 0:17:20expected a Cabinet Minister?You bet.Thank you, Foreign Secretary.
0:17:20 > 0:17:23Number 10 acknowledges that Every has to do more to protect staff at
0:17:23 > 0:17:28West must do, and there are calls from wholesale change.We have seen
0:17:28 > 0:17:32bullying allegations between members of staff, allegations of sexual
0:17:32 > 0:17:36impropriety between members and others, and this is all about power.
0:17:36 > 0:17:42It is who holds that power and how they use it that sets that course.
0:17:42 > 0:17:46Laura Kuenssberg reporting from Westminster. A few eyebrows raised
0:17:46 > 0:17:50about Gavin Williamson's appointment today.He is the Chief Whip, and his
0:17:50 > 0:17:54job is to advise the Prime Minister whether he thinks in his judgment a
0:17:54 > 0:17:59minister can stay or should have to go, and so he has given Theresa May
0:17:59 > 0:18:03the advice, and poorer Michael Fallon, I think will have to quit,
0:18:03 > 0:18:10any idea who should replace him? I could expect straight out of House
0:18:10 > 0:18:19Of Cards but maybe I am too cynical. And he has a tarantula today, the
0:18:19 > 0:18:24tarantula is called Cronos, which makes it sounds like it devours
0:18:24 > 0:18:35bodies! He left it on the desk of Julian Smith, most people leave a
0:18:35 > 0:18:39file not a tarantula!The Chief Whip's job is to intimidate and put
0:18:39 > 0:18:42fear into the heart of the MPs he rules over. Having a tarantula on
0:18:42 > 0:18:46your desk may not be a bad idea!
0:18:51 > 0:18:55Catalan separatists have called for protests outside the parliament in
0:18:55 > 0:18:58Barcelona after a judge in Madrid remanded eight as did Catalan
0:18:58 > 0:19:05government ministers in custody.She is still considering the requests to
0:19:05 > 0:19:12issue an arrest warrant for Carles Puigdemont and others. Just looking
0:19:12 > 0:19:17down the list of those who have been remanded in custody today, the
0:19:17 > 0:19:20deputy vice president, the interior minister and the former foreign
0:19:20 > 0:19:24affairs minister who we have had on the programme several times.It is
0:19:24 > 0:19:31astonishing. The regional government of Catalonia which used to run its
0:19:31 > 0:19:34affairs from the headquarters behind me has essentially been in this
0:19:34 > 0:19:39rated just a few days after they all declared independence. If you just
0:19:39 > 0:19:45stop and think about it, all of them are either now in prison, on bail or
0:19:45 > 0:19:53in exile. It is a stunning reversal of fortune.James in Barcelona,
0:19:53 > 0:19:57thank you very much indeed for that update.
0:19:57 > 0:20:01Donald Trump has repeated his calls for the man suspected of being
0:20:01 > 0:20:04behind Tuesday's terror attack in New York City to face the death
0:20:04 > 0:20:09penalty. He made the comment on Twitter, saying, the New York City
0:20:09 > 0:20:14terrorist was happy as he was asking to have an Isis Flag at his hospital
0:20:14 > 0:20:20room. He killed eight people, badly injured 12. Should get death penalty
0:20:20 > 0:20:24excavation mark. Mr Trump also peddled back on his call to send the
0:20:24 > 0:20:29attacker to Guantanamo Bay, saying, would love to send him to
0:20:29 > 0:20:34Guantanamo, but statistically that process takes much longer than going
0:20:34 > 0:20:38through the federal system. And we are also learning more about
0:20:38 > 0:20:44the attacker Sayfullo Saipov. The Uzbek immigrant had apparently been
0:20:44 > 0:20:47planning the attack for more than a year and had identified Brooklyn
0:20:47 > 0:20:50Bridge is another possible target and had been inspired by graphic and
0:20:50 > 0:20:55violent propaganda videos. Joining me now in the studios
0:20:55 > 0:21:03Bennett Waters, a former partner at Homeland Security and.Thank you for
0:21:03 > 0:21:07coming in. I was struck in the immediate aftermath of this how much
0:21:07 > 0:21:10immediate information the police, the FBI, seems to have gathered very
0:21:10 > 0:21:15quickly indeed.That is true, there has been quite a bit of information
0:21:15 > 0:21:21that has come out in a quick period of time, and we are still very early
0:21:21 > 0:21:24in this investigation. There have been pieces of information that in
0:21:24 > 0:21:29some cases contradict others, so it will be important to let this
0:21:29 > 0:21:32unfold.And one of the things we heard the New York governor saying
0:21:32 > 0:21:37was that it was a lone wolf. But these things are never alone wolf.
0:21:37 > 0:21:43There are never no leads that lead nowhere. There are a lot of lines of
0:21:43 > 0:21:48inquiry that have to be pursued.And that is an example of what I was
0:21:48 > 0:21:52saying, early indications were that there were no other attacker is
0:21:52 > 0:21:56being sought out, and over the course of the last 24 hours, we have
0:21:56 > 0:21:59seen that there is a second and perhaps even third individual, so I
0:21:59 > 0:22:04think perhaps this investigation needs to on fold, to follow leads
0:22:04 > 0:22:12only to conclusions.Does it matter that the President is saying that
0:22:12 > 0:22:22the legal system is a joke, and that the suspect needs to be
0:22:22 > 0:22:25investigated, before there is even a trial?There is quite a bit of
0:22:25 > 0:22:29investigation to do in terms of chasing down suspected associates,
0:22:29 > 0:22:32interrogating his electronic devices, his patterns of life, doing
0:22:32 > 0:22:35all we can to understand this individual and get to the bottom of
0:22:35 > 0:22:40whether or not there are in fact others involved.We are going to
0:22:40 > 0:22:44talk to you about returnees from Syria later today. What is the
0:22:44 > 0:22:47American policy on that? I don't know how many Americans went to
0:22:47 > 0:22:52fight in Syria, but in returns of returnees coming back from
0:22:52 > 0:22:56Afghanistan and Syria, what is the American government's policy, and
0:22:56 > 0:23:00what you think Western governments should be thinking about?We will
0:23:00 > 0:23:03pay close attention to folks returning from parts of the world
0:23:03 > 0:23:06that we now have historically been troublesome, and I think you can
0:23:06 > 0:23:13expect to see increased attention on those individuals as they process
0:23:13 > 0:23:16through immigration.And going back to what Christian was asking about,
0:23:16 > 0:23:20the death penalty call. If you are a prosecutor involved in trying to
0:23:20 > 0:23:24bring this to trial, the last thing you want are distractions which
0:23:24 > 0:23:29could lead the defence counsel to be able to say, my guy can't get a fair
0:23:29 > 0:23:34trial now.Again, we are very early in the investigation, and I think
0:23:34 > 0:23:38that as the investigation proceeds, law enforcement and intelligence
0:23:38 > 0:23:43community will be doing so with an eye on prosecution, working with the
0:23:43 > 0:23:47federal authorities.So maybe a little more silence from every body
0:23:47 > 0:23:50would be a good thing?Again, I think we will see how the
0:23:50 > 0:23:55investigation unfolds.That was very diplomatically put, thank you for
0:23:55 > 0:24:08being with us! Some of the day's other news.
0:24:09 > 0:24:12Myanmar's leader Aung Sang Syi Kyi has been accused of not doing enough
0:24:12 > 0:24:22to stop the ethnic cleansing of Rohingya Muslim is.And Theresa May
0:24:22 > 0:24:33has hosted her Israeli cant -- counterpart Binyamin Netanyahu on
0:24:33 > 0:24:41the Balfour declaration, with Palestinians regarding the Balfour
0:24:41 > 0:24:45declaration as an historical injustice.A lot of interest in that
0:24:45 > 0:24:52today, the Balfour agreement. We have had high-profile people
0:24:52 > 0:24:55speaking about it here in London, and what I picked up from a lot of
0:24:55 > 0:25:03interviews on breakfast radio stations is that we are no nearer
0:25:03 > 0:25:09Peace than at any other time, and there is still great bitterness. You
0:25:09 > 0:25:13wonder how Donald Trump can be so positive about a peace agreement.
0:25:13 > 0:25:18But I was hearing stuff from the weekend from people saying that
0:25:18 > 0:25:22under the table there are all sorts of things happening across the
0:25:22 > 0:25:26region where there is cause for some optimism. Maybe that is people
0:25:26 > 0:25:30whistling to keep their spirits up, but you would have to say the moment
0:25:30 > 0:25:34it doesn't look great, but there are apparently talks going on with all
0:25:34 > 0:25:42sorts of people.This is Beyond 100 Days from the BBC.Coming up for
0:25:42 > 0:25:47viewers on the BBC News Channel, Trump's Asian adventure. What sort
0:25:47 > 0:25:52of reception of the deals will he get from his Pacific partners?And I
0:25:52 > 0:25:56will be sitting down with the parents of the man known as jihadi
0:25:56 > 0:26:04Jack. What should the West do with returnees from Syria? Still to come.
0:26:10 > 0:26:16Good evening. It's very quiet weather at the moment, slow-moving,
0:26:16 > 0:26:16the best
0:26:16 > 0:26:18weather at the moment, slow-moving, the best of the sunshine today
0:26:18 > 0:26:22across Scotland, but we will see cloud spilling in across Northern
0:26:22 > 0:26:27Ireland, heading into western Scotland. South of the cloud, one or
0:26:27 > 0:26:31two clear skies overnight, but we will find more fog forming in
0:26:31 > 0:26:35places, the Somerset Levels didn't really clear all day. More fog
0:26:35 > 0:26:39forming across the south, then we have cloudy skies across the
0:26:39 > 0:26:44Midlands and East Anglia, and eastern Scotland could see a touch
0:26:44 > 0:26:48of frost with clearer skies for longer. The fog is going to be
0:26:48 > 0:26:51across southern parts of England through the morning rush hour,
0:26:51 > 0:26:58perhaps not clearing until 11 o'clock or so. Areas of the West
0:26:58 > 0:27:02Country will see the worst of the fog, then cloudy skies as you head
0:27:02 > 0:27:07northwards perhaps producing one or two spots of drizzle. Cloudy across
0:27:07 > 0:27:10Northern Ireland, continuing to push its way to Scotland, and we have a
0:27:10 > 0:27:15bit of rain in the far north-west of Scotland. Quite a week weather
0:27:15 > 0:27:19front, not making huge progress cheering the day. Stronger winds,
0:27:19 > 0:27:22otherwise across the UK wind will be light, the fog slowly lifting,
0:27:22 > 0:27:33perhaps just into low cloud, while we will see the sunshine trying to
0:27:33 > 0:27:36come out, it is rather half-hearted on the whole, a lot of dry weather,
0:27:36 > 0:27:38but a lot of cloud and temperatures just about getting into double
0:27:38 > 0:27:42figures. Things change overnight, the band of rain coming down across
0:27:42 > 0:27:46Scotland and Northern Ireland, a little heavy at times. We start to
0:27:46 > 0:27:49see showers coming back into Northern Ireland, temperatures
0:27:49 > 0:27:52dropping away but on the whole because of cloud and rain, it will
0:27:52 > 0:27:57be a much milder night, and we are not so worried about fog. But the
0:27:57 > 0:28:00mildness won't last because of north-westerly wind over the weekend
0:28:00 > 0:28:05will bring some colder air. We start the weekend with cloud across
0:28:05 > 0:28:08England and Wales, wetter weather across eastern England doesn't
0:28:08 > 0:28:12really clear away until the middle part of the afternoon. It takes a
0:28:12 > 0:28:16while for the cloud to break. Showers continuing to run into the
0:28:16 > 0:28:19north-west on Briscoe wins where temperatures will be no better than
0:28:19 > 0:28:25eight or 9 degrees. Chilly Saturday night, hopefully a bit more
0:28:25 > 0:28:28sunshine, particularly across the eastern side of England, some
0:28:28 > 0:28:31scattered showers in the wind.
0:30:13 > 0:30:19comments This is Beyond 100 Days with me, Christian Fraser in London,
0:30:19 > 0:30:26and Jon Sopel is in Washington.
0:30:26 > 0:30:30with me, Christian Fraser in London, and Jon Sopel is in Washington.
0:30:30 > 0:30:39Eight former members of the Catalan government are in custody in Madrid.
0:30:39 > 0:30:43Coming up, what to do with returnees to Britain from IS territories? I
0:30:43 > 0:30:47will be sitting down with the British man known as Jihadi Jack.
0:30:47 > 0:30:50Surely you want to bring back some of those kids who have seen this,
0:30:50 > 0:30:56and who have very clearly said, I stand against this. Surely that is
0:30:56 > 0:30:58how to counter this in an intelligent way rather than just
0:30:58 > 0:31:01shooting them. We are dropping ourselves to their very same level
0:31:01 > 0:31:06of doing that and as far as I can see that is advocating murder.You
0:31:06 > 0:31:15can get it out yourself using the hashtag Beyond 100 Days. On Friday
0:31:15 > 0:31:20Donald Trump will embark on his first official visit to Asia as US
0:31:20 > 0:31:23president. It will also be his longest foreign trip since his
0:31:23 > 0:31:27arrival in the White House. He will be taking in five countries in all,
0:31:27 > 0:31:31and this is the root... Starting in the Japanese capital Tokyo, and from
0:31:31 > 0:31:36there he is on to Seoul in South Korea, then Beijing in China and
0:31:36 > 0:31:46from there he jets off to Vietnam, to Danang and Hanoi, before ending
0:31:46 > 0:31:50his trip in the Philippine capital of Manila. The security adviser gave
0:31:50 > 0:31:56more details on his visit, and no surprise what was top of that
0:31:56 > 0:32:00agenda...North Korea is a threat to the entire world, so all nations of
0:32:00 > 0:32:06the world must do more to counter that threat. That is happening.
0:32:06 > 0:32:10But the president recognises we are running out of time, and will ask
0:32:10 > 0:32:15all nations to do more. In particular the president will
0:32:15 > 0:32:18continue to call on all responsible nations, especially those with the
0:32:18 > 0:32:23most influence over North Korea, to isolate the North Korean regime
0:32:23 > 0:32:30economically and politically.That was McMaster in the White House, and
0:32:30 > 0:32:37joining the now is William Cohen, the former Defence Secretary. Thank
0:32:37 > 0:32:41you for joining us. It is easy to think this trip is all about North
0:32:41 > 0:32:44Korea because that will be the focus I suspect from a lot of the
0:32:44 > 0:32:48politicians and journalss travelling with him, but it is wider than that?
0:32:48 > 0:32:52Much wider than that. Firstly, looking to the Chinese, they are
0:32:52 > 0:32:56very strategic in their thinking and planning and the United States has
0:32:56 > 0:33:03been very tactical -- journalists and politicians. In terms of policy
0:33:03 > 0:33:07towards the entire region. The council, the transpacific
0:33:07 > 0:33:11partnership, that alienating many of the Asian countries and I met with
0:33:11 > 0:33:15them personally when they were here in the spring. They felt they had
0:33:15 > 0:33:19been betrayed in the sense they had wasted seven years negotiating this
0:33:19 > 0:33:23agreement and it was tossed overboard. So there is still some
0:33:23 > 0:33:26resentment there. What will our policy be in the region? He will
0:33:26 > 0:33:30have to really sure up those relationships, starting perhaps even
0:33:30 > 0:33:33in South Korea. Again, strategically, look what the Chinese
0:33:33 > 0:33:37have just done. They have renewed their relationship with the South
0:33:37 > 0:33:41Koreans because they had put some prohibitions on trading beer,
0:33:41 > 0:33:47because we put the anti-missile system in on South Korean territory
0:33:47 > 0:33:50that cut off relations for some time with the South Koreans, so they are
0:33:50 > 0:33:54back on track, just before the president gets there. You're the
0:33:54 > 0:33:58president going to South Korea as part of the trip, and he will try to
0:33:58 > 0:34:03the need -- you have the president going. He has accused the south
0:34:03 > 0:34:06Korean president of being an appeaser, so the relationship will
0:34:06 > 0:34:10be a little more tense than with Japan with the president has a
0:34:10 > 0:34:14closer relationship with Private Minister Shinzo Abe, so it will be
0:34:14 > 0:34:18different in each place, but we don't seem to have a coherent
0:34:18 > 0:34:22strategy for the Asia-Pacific region.Should we expect anything
0:34:22 > 0:34:25concrete to come out in terms of North Korea, apart from warm words,
0:34:25 > 0:34:29and this is a problem that has to be dealt with?I think the Chinese will
0:34:29 > 0:34:32try to persuade the president that we need to take a long review, that
0:34:32 > 0:34:39the pressure is working, be patient, do not engage in bombastic verbal
0:34:39 > 0:34:45assaults on the North Korean regime. I think they will take much slower
0:34:45 > 0:34:49posture towards this, and we should anticipate that. Strategically, I
0:34:49 > 0:34:53should say from a business point of view, the Secretary of commerce is
0:34:53 > 0:34:57bringing some top business people who will likely strikes deals but
0:34:57 > 0:35:00that will not go with the fundamental structural relationship
0:35:00 > 0:35:03we have with China.Thank you for coming in, great to have you with
0:35:03 > 0:35:13us. Jon, I mentioned he was going to Hanoi and Danang in Vietnam, and
0:35:13 > 0:35:16another thing that might happen is a meeting with President Vladimir
0:35:16 > 0:35:21Putin, due to take place on the economic corporations. He denied any
0:35:21 > 0:35:24decision had been taken, but I just wonder if it is possible in light of
0:35:24 > 0:35:30what is going on in Washington at the moment?Well, remember, they met
0:35:30 > 0:35:35at the G20 in Hamburg this summer. They then had a private meeting with
0:35:35 > 0:35:40only a Russian translator present, so I kind of think, what is normal
0:35:40 > 0:35:44protocol? What is the conventional way of behaving? It doesn't normally
0:35:44 > 0:35:48apply with President Trump. If he thinks there is business to be done
0:35:48 > 0:35:52and to be had with Vladimir Putin, I suspect that meeting will probably
0:35:52 > 0:35:58go ahead.OK. On the Russian theme, so let's check in with Moscow
0:35:58 > 0:36:00correspondent Steve Rosenberg who has all week been travelling across
0:36:00 > 0:36:04Russia for a series of special reports, revisiting the 1917
0:36:04 > 0:36:09revolution that would end centuries imperial rule. Starting his journey
0:36:09 > 0:36:16in St Peter's back he is now 6000 kilometres away -- starting in St
0:36:16 > 0:36:21Petersburg. Talking about how would take a hundred years and civil war
0:36:21 > 0:36:23before the Bolsheviks would establish control over the whole
0:36:23 > 0:36:32of... TRANSLATION: This man and the Russian Revolution have one thing in
0:36:32 > 0:36:37common, they are both 100 years old. Born in 1917, she has survived three
0:36:37 > 0:36:49famines, for the format worse. In his lifetime. --. Four worries. How
0:36:49 > 0:36:55does a nation survive that kind of century? Because they are strong and
0:36:55 > 0:36:57patriotic, he says. We love our motherland and we are ready to die
0:36:57 > 0:37:07for it. His home is in the Russian far east and your China is closer
0:37:07 > 0:37:20than Russia, in Khabarovsk. More than 6000 miles east of St
0:37:20 > 0:37:23Petersburg. It would take a brutal civil war before the Bolsheviks
0:37:23 > 0:37:30conquered this area. Soviet mythology painted the reds as
0:37:30 > 0:37:33triumphant heroes, and anti-Communist White Army as
0:37:33 > 0:37:40deservedly crushed. But this version of history is crumbling. Just like
0:37:40 > 0:37:46the battle site memorial to the red mark heroes, and that is because the
0:37:46 > 0:37:51official view of the revolution has changed in Russia. To those in power
0:37:51 > 0:37:57here today, Red October is no longer a national celebration. In Russia it
0:37:57 > 0:38:01is not just the future that is unpredictable. So is the past, and
0:38:01 > 0:38:04that applies to the Russian Civil War, the Russian Revolution, to
0:38:04 > 0:38:10almost any period of this country's history. So often here the past is
0:38:10 > 0:38:17rewritten, reinterpreted, according to who is in power. In this school
0:38:17 > 0:38:22museum which is open to the public, they display guns and bayonets
0:38:22 > 0:38:26unearthed in the forest. They try not to take sides, red or white, but
0:38:26 > 0:38:33not everyone welcomes that. TRANSLATION:The Soviet Union wasn't
0:38:33 > 0:38:38that long ago.This teacher says that what we see now about the White
0:38:38 > 0:38:45Army does not go down well with supporters of the USSR. Back in his
0:38:45 > 0:38:49flat, the centenarian shows me the commendation he got from Josef
0:38:49 > 0:38:56Stalin. His view of the past is unlikely to change. TRANSLATION:
0:38:56 > 0:39:00Revolution Day is like my second birthday. It is the birthday of the
0:39:00 > 0:39:09USSR.And that is unshakeable loyalty, to a country which no
0:39:09 > 0:39:18longer exists. Steve Rosenberg, BBC News, Khabarovsk. Fascinating stuff.
0:39:18 > 0:39:21Now, what should happen to foreigners who travelled to Syria
0:39:21 > 0:39:24and end up being captured by the opponents of the so-called Islamic
0:39:24 > 0:39:28State? That is the question raised by the case of a British man held by
0:39:28 > 0:39:32Kurdish fighters. The parents of the man known as Jihadi Jack say not
0:39:32 > 0:39:38enough is being done by the UK Government to bring him home. Yes,
0:39:38 > 0:39:42John and Sally have been charged with funding terrorism having said
0:39:42 > 0:39:46money to their son in Syria and I have been speaking to them about
0:39:46 > 0:39:48their son Jack Letts and what they know about his whereabouts. We know
0:39:48 > 0:39:54he was charged last week by the Kurds of belonging to IS and the
0:39:54 > 0:40:01last time his mother spoke to him was in July.He told us he's being
0:40:01 > 0:40:04held for months in solitary confinement, that he is receiving
0:40:04 > 0:40:08very little food. He is not allowed out of his cell at all. He used to
0:40:08 > 0:40:12be allowed out for half an hour mark then it was reduced to ten minutes,
0:40:12 > 0:40:20then no time at all.How did he come to be there?He was in Raqqa in
0:40:20 > 0:40:24hating, desperately trying to get out, as everyone else was, and we
0:40:24 > 0:40:30knew that -- he was in Raqqa in hiding. The last message he sent was
0:40:30 > 0:40:33pretty harrowing, saying that if I try to escape and they catch me
0:40:33 > 0:40:37because they are hunting me, Isis was hunting him, he said they would
0:40:37 > 0:40:40kill him immediately, because he had already been imprisoned several
0:40:40 > 0:40:44times, so he basically said goodbye, mum and dad, this will not in doubt
0:40:44 > 0:40:49well, but thank you for believing in me. The next thing we heard was
0:40:49 > 0:40:53three weeks later he had escaped, and from what he told us, and we
0:40:53 > 0:40:57have not had a detailed conversation about it yet, but somehow with
0:40:57 > 0:41:01people smuggler he got out and was picked up with a group of refugees
0:41:01 > 0:41:06from Raqqa.And he has been charged since then?Only in the last week,
0:41:06 > 0:41:11yes.What other penalties?I assume the penalty is death they are, I
0:41:11 > 0:41:21have no idea. But their legal system, it is a self-declared
0:41:21 > 0:41:23autonomous zone, so I think the whole legal code is still being
0:41:23 > 0:41:27worked out. We have no idea.We have a clip of your son speaking from the
0:41:27 > 0:41:32jail, from June. Let's just show our viewers that.We will just go to the
0:41:32 > 0:41:36territories for a bit and then continue to territory, -- to Turkey,
0:41:36 > 0:41:40we thought, then as soon as we got the position we were imprisoned, not
0:41:40 > 0:41:44sure how long exactly, a week, maybe, and after that I was in
0:41:44 > 0:41:48solitary confinement until now. Still am.When you watch that, what
0:41:48 > 0:41:54do you think of this state of mind? He told us, and he says he fears he
0:41:54 > 0:41:57is losing his mind. He has hallucinated, he thinks he is going
0:41:57 > 0:42:03mad.Let's talk about what is being done. If anything, do you think,
0:42:03 > 0:42:08being done by the British Government?By the British
0:42:08 > 0:42:11Government, from what we know, nothing at all. We have been told by
0:42:11 > 0:42:16the Foreign Office when we have tried to talk to them about it, they
0:42:16 > 0:42:20just keep repeating the mantra that our policy is we strongly advise
0:42:20 > 0:42:24people not to go to Syria, because it is a very dangerous place. Well,
0:42:24 > 0:42:30we know that, but beyond that, after pushing, they basically admitted to
0:42:30 > 0:42:34us, well, not basically, but they did admit, that the policy is not to
0:42:34 > 0:42:39do anything to help anybody come back from Syria.So you have now
0:42:39 > 0:42:43approach the Canadians?Yes, almost six months ago, right ago, because
0:42:43 > 0:42:51Jack is a Canadian and British citizen, as I am, we all are, have
0:42:51 > 0:42:55been my life, and the Canadians said we take allegations of torture very
0:42:55 > 0:42:59seriously and we will do everything we can.The Foreign Minister told
0:42:59 > 0:43:01the BBC the other week that because many of these fighters went to die
0:43:01 > 0:43:07in Syria, and they really only want to die fighting the enemy, that in
0:43:07 > 0:43:11most every case it was better to kill them...What seems to be
0:43:11 > 0:43:14happening is a link between everybody who went to Syria, that
0:43:14 > 0:43:18they should be killed, or everyone shouldn't, and if you look at the
0:43:18 > 0:43:22tabloid writers that is what they are referring to. Anyone who went to
0:43:22 > 0:43:27Syria should be killed, open season on anyone who went, does that
0:43:27 > 0:43:30include the ambulance drivers, surgeons, health workers, medics,
0:43:30 > 0:43:34who went for religious reasons, religious motivations, not to join
0:43:34 > 0:43:38and fight with Isis?But Rory Stewart speaks to the concerns a lot
0:43:38 > 0:43:43of people will have, the Government first responsibility is to the
0:43:43 > 0:43:49public at home, and bringing people back, is it not importing ideologies
0:43:49 > 0:43:53that could put people at risk?Yes, and I have as much beer as anyone
0:43:53 > 0:43:58walking the streets of that type of situation, but this is not a
0:43:58 > 0:44:03situation -- I have as much fear is anyone else. But this is not about
0:44:03 > 0:44:05putting the against the wall and shipping them on the head. That is
0:44:05 > 0:44:09doing exactly what they are doing. We have the rule of law. What a
0:44:09 > 0:44:13British values? To the disappear the minute you cross the border?But do
0:44:13 > 0:44:16you understand, Sally, why people in this country will not want to see
0:44:16 > 0:44:19people who have travelled to IS territory back on the head. That is
0:44:19 > 0:44:22doing exactly what they are doing. We have the rule of law. What a
0:44:22 > 0:44:24British values? Do they disappear the minute you cross the border? But
0:44:24 > 0:44:27do you understand, Sally, why people in this country will not want to see
0:44:27 > 0:44:33people who have travelled to IS territory back inbe very clear. I
0:44:33 > 0:44:37think everyone who comes back from Syria should be detained and
0:44:37 > 0:44:40probably arrested and locked up until you can be really sure they
0:44:40 > 0:44:43have done nothing wrong... Yes, absolutely. I have no problem with
0:44:43 > 0:44:48that. Of course we support that. It is democracy and the rule of law.
0:44:48 > 0:44:51Due process. Putting someone up against the wall and shooting them
0:44:51 > 0:44:55in the head is not due process and it is not a British or Canadian
0:44:55 > 0:45:00value. That is all we're asking for. Give Jack a chance to speak. He has
0:45:00 > 0:45:04been found guilty in the court of public opinion.Do you think you
0:45:04 > 0:45:07will see your son again?We can't conceive of a world where we will
0:45:07 > 0:45:13not see him again, we go there really. We have to believe he is
0:45:13 > 0:45:19alive and that reason and science and justice will prevail, because,
0:45:19 > 0:45:25you know, we can't cope otherwise. Top for the parents, Jon, but for
0:45:25 > 0:45:29for governments I think. What politician will want to be seen as
0:45:29 > 0:45:32being soft on terrorism at the moment when we are talking about New
0:45:32 > 0:45:35York, London, Paris and the incidents this week? A lot of people
0:45:35 > 0:45:39will share of the fears, what sort of ideology are we importing if we
0:45:39 > 0:45:46bring them back? How can we be sure if we rehabilitate them that they
0:45:46 > 0:45:50will not offend again? This is the concern from the Foreign Office...
0:45:50 > 0:46:01The statement there. It is in fact in touch with the cards because they
0:46:01 > 0:46:07are part of the alliance.I suppose one of the weaknesses of democracy
0:46:07 > 0:46:11is that politicians often feel impelled to do what is popular,
0:46:11 > 0:46:14perhaps over what is right, and I suspect people who have gone to
0:46:14 > 0:46:19Syria to fight with Islamic State are not exactly a popular cause, and
0:46:19 > 0:46:22therefore the politicians will think, you know what, I could turn a
0:46:22 > 0:46:27deaf ear to this and no one will criticise me too much, perhaps with
0:46:27 > 0:46:34the exception of parents of loved ones whose children went there.
0:46:34 > 0:46:39Anyway, this is 100 Days, and from one straight talker to the next,
0:46:39 > 0:46:43this former Greek finance at Pfizer has some words for President Trump
0:46:43 > 0:46:48and his take on the very busy world of economics. Yanis Varoufakis is
0:46:48 > 0:46:57next.A sharp decline in the number of nurses from European Union
0:46:57 > 0:47:02countries wanting to work in the UK. The nursing and midwifery Council
0:47:02 > 0:47:13says there was a drop in...
0:47:31 > 0:47:34The nurses and midwives' regulator, the NMC, says in the year
0:47:34 > 0:47:36to September 2016, more than 10,000 joined the UK register.
0:47:36 > 0:47:39But this year that fell dramatically, to around 1000.
0:47:39 > 0:47:42And the number of EU nurses already working here who decided to give
0:47:42 > 0:47:43up their UK registration rose by 67%.
0:47:43 > 0:47:46The Nursing and Midwifery Council says there was a drop of nearly 90%
0:47:46 > 0:47:49in new registrations for EU nurses, compared to the same
0:47:49 > 0:47:50period the year before.
0:47:50 > 0:47:52The Department of Health says an increase in training places
0:47:52 > 0:47:54will compensate for the fall.
0:47:54 > 0:47:55Our health correspondent Sophie Hutchinson has the details.
0:47:55 > 0:47:58Around one in every 20 nurses and midwives working in the UK
0:47:58 > 0:48:00was trained in the EU.
0:48:00 > 0:48:01Many are from Spain, Portugal, Poland and Romania.
0:48:01 > 0:48:04But according to new figures, the numbers are declining.
0:48:04 > 0:48:06The nurses and midwives' regulator, the NMC, says in the year
0:48:06 > 0:48:09to September 2016, more than 10,000 joined the UK register.
0:48:09 > 0:48:11But this year that fell dramatically, to around 1000.
0:48:11 > 0:48:14And the number of EU nurses already working here who decided to give
0:48:14 > 0:48:16up their UK registration rose by 67%.
0:48:16 > 0:48:18Clearly, it's a worrying trend, and for those who are responsible
0:48:18 > 0:48:21for thinking about what we need in the future, so the nurses
0:48:21 > 0:48:24and midwives we need in the future to care for us,
0:48:24 > 0:48:26they'll obviously look at this and think what can we do
0:48:26 > 0:48:27to reverse that trend.
0:48:27 > 0:48:30In the aftermath of the referendum a campaign was launched to support
0:48:30 > 0:48:33EU staff in the NHS, but today's figures suggest that's
0:48:33 > 0:48:36not been enough reassurance and many EU nurses are no longer keen to work
0:48:36 > 0:48:37in the UK.
0:48:37 > 0:48:40The situation has been described as alarming by the Royal College of
0:48:40 > 0:48:42nurses.
0:48:42 > 0:48:43Nursing.
0:48:43 > 0:48:46The vast majority of hospitals are telling us they are finding it
0:48:46 > 0:48:47increasingly difficult to recruit from overseas.
0:48:47 > 0:48:50The numbers will come as a concern, but unfortunately not
0:48:50 > 0:48:51a surprise to them.
0:48:51 > 0:48:54Many of them are still going out to Europe and the rest of the world
0:48:54 > 0:48:57to recruit nurses and doctors from overseas, but it's
0:48:57 > 0:48:58becoming increasingly challenging at the moment.
0:48:58 > 0:49:01The Government has said it's ensuring the NHS has the staff it
0:49:01 > 0:49:03needs through a 25% increase in nurse training places.
0:49:03 > 0:49:04Sophie Hutchinson, BBC News.
0:49:04 > 0:49:07You are watching Beyond 100 Days. It is a tumultuous day in economics.
0:49:07 > 0:49:10Donald Trump has put forward his nomination to head up the world's
0:49:10 > 0:49:14most central bank and finally the Republicans are planning to unveil
0:49:14 > 0:49:17their plans for tax reform, whilst the UK has seen an interest rise for
0:49:17 > 0:49:21the first time in a decade. Some of this might go over your head. Let's
0:49:21 > 0:49:26face it. Economics can be a pretty obex object at the best of times,
0:49:26 > 0:49:30which is why the former Greek finance minister Yanis Varoufakis
0:49:30 > 0:49:35has written an new book. He wrote it in just nine days and it is titled,
0:49:35 > 0:49:40Talking To My Daughter About The Economy. We have been speaking to
0:49:40 > 0:49:44him from New York. Here in Washington, lawmakers are proposing
0:49:44 > 0:49:47big tax cuts, not worrying too much about the deficit, and in the UK we
0:49:47 > 0:49:51have seen interest rates rise for the first time in a decade. Has the
0:49:51 > 0:49:56world economy gone back to normal?I am afraid the truth points to
0:49:56 > 0:49:59exactly the opposite being the case. On the one hand you have in the
0:49:59 > 0:50:04United States a tax cut, federal tax cut, which the federal budget in
0:50:04 > 0:50:13this country cannot afford. Right at the very same time the Trump
0:50:13 > 0:50:16administration is antagonising China, and major holder of US trade
0:50:16 > 0:50:20deals. And on the other side of the Atlantic you have exactly the
0:50:20 > 0:50:24opposite, more of a contraction removed by the Bank of England,
0:50:24 > 0:50:28trying to signal a return to higher interest rates. The one
0:50:28 > 0:50:34characteristic of our era, especially at this juncture, a very
0:50:34 > 0:50:39important juncture just before Brexit in Britain and after Trump is
0:50:39 > 0:50:43stamping his authority, in the United States, the order of the day
0:50:43 > 0:50:50is one of disintegration of what should be an integrated financial
0:50:50 > 0:50:55and economic policy by the great powers of the West.Do you think
0:50:55 > 0:51:00anything has fundamentally changed since the financial crisis?A great
0:51:00 > 0:51:10deal has. We have had the largest operation of concealing bankruptcy
0:51:10 > 0:51:14through printing of public money in the history of capitalism. That is
0:51:14 > 0:51:20not an insignificant change, but the fundamental incapacity of those who
0:51:20 > 0:51:29have their hands on the levers of economic and financial power, there
0:51:29 > 0:51:35are fundamental incapacity to coordinate the behaviour of our
0:51:35 > 0:51:37governments in Europe, the United States and China, it remains, and
0:51:37 > 0:51:46this is why uncertainty remains the predominant condition that
0:51:46 > 0:51:51businesses and citizens are facing all over the world.Yanis, you have
0:51:51 > 0:51:56written a new book, Talking To My Daughter About The Economy, and you
0:51:56 > 0:52:00wrote it as we said in nine days, and I presume you have put it in the
0:52:00 > 0:52:03simplest language you can, and is that because you think people are
0:52:03 > 0:52:08ignorant about the economy? And from that ignorance politicians take
0:52:08 > 0:52:16their power?No, no, no, you misunderstood me. I am pleased to
0:52:16 > 0:52:20say the reason why I found it an interesting exercise to put, dated
0:52:20 > 0:52:29concept and theories -- to put complicated concepts and theories in
0:52:29 > 0:52:34as simple language as possible is to understand the world I live in. We
0:52:34 > 0:52:41economists are famous for taking what is, did it already and then
0:52:41 > 0:52:44spinning out of control in terms of our own understanding of what is
0:52:44 > 0:52:49happening. Only if you manage to put, dated ideas in the language of
0:52:49 > 0:52:54teenager can understand -- if you put complicated ideas. Then only can
0:52:54 > 0:52:59you claim to understand it yourself. Your last book was essential summer
0:52:59 > 0:53:02reading for the politicians involved in the Brexit negotiation. Have you
0:53:02 > 0:53:08had any feedback from them?No, I haven't, and I must tell you I am
0:53:08 > 0:53:11disappointed. The Article 50 process is going to end up in complete
0:53:11 > 0:53:16disaster. If you imagine that during that two year period you will
0:53:16 > 0:53:18negotiate a free trade agreement. The EU is never going to negotiate
0:53:18 > 0:53:25with you because the greatest nightmare for Jean-Claude Juncker,
0:53:25 > 0:53:30Mrs Merkel, and even the French president, is a mutually
0:53:30 > 0:53:35advantageous agreement with Britain, because it would signal to the rest
0:53:35 > 0:53:38of the countries around Europe you can challenge the authority of the
0:53:38 > 0:53:42EU and end up with a half decent agreement.Before you go I must show
0:53:42 > 0:53:45you some pictures of, well, if your nemesis, Jean-Claude Juncker? This
0:53:45 > 0:53:52is him just the other day -- is he your nemesis? This is receiving an
0:53:52 > 0:53:55honorary degree in Portugal. Have you ever seen an outfit like this?
0:53:55 > 0:54:02He doesn't look too pleased with it, does he?Well, we academics are used
0:54:02 > 0:54:06to fancy dress and ridiculous attire. But allowed me to say that
0:54:06 > 0:54:09Jean-Claude Juncker could never be my nemesis in the EU, simply because
0:54:09 > 0:54:14he was never significant. Every time he tried to help, we knew we would
0:54:14 > 0:54:19get seriously clobbered, as a demonstration of the limits of his
0:54:19 > 0:54:24power.Yanis Varoufakis there in characteristic T-shirt, but perhaps
0:54:24 > 0:54:28not the leather jacket. Four years ago things were not looking great
0:54:28 > 0:54:36for the US baseball team the Houston Astros. In 2011 they lost 101 games
0:54:36 > 0:54:44in one season, and since joining in 1962 they had never won the World
0:54:44 > 0:54:49Series. But all that has changed... Victory in the seventh and deciding
0:54:49 > 0:54:53game of the LA Dodgers medley won the championship for the first time
0:54:53 > 0:54:57in their history, and not the only cause for celebration. Look at what
0:54:57 > 0:55:03happened when one of their players was interviewed after the game.It
0:55:03 > 0:55:06is one of the biggest compliments of my life and right now I want to take
0:55:06 > 0:55:13another big step in my life... Daniela, you make me the happiest
0:55:13 > 0:55:21man in the world. Will you marry me? Oh, my God!
0:55:21 > 0:55:25LAUGHTER Sadly, she said no.
0:55:25 > 0:55:29LAUGHTER No, she didn't! She said yes. We
0:55:29 > 0:55:35have had long chat about this, Jon, about baseball. I am a big American
0:55:35 > 0:55:41football fan, love hotdogs, but I just don't baseball! No, it isgood,
0:55:41 > 0:55:45and that was the most exciting thing that happened in last week's final.
0:55:45 > 0:55:50The last one was a tedious game after the first games being
0:55:50 > 0:55:54fantastic. The curve ball, the slider, the fast one, etc, there are
0:55:54 > 0:55:58a lot of tactics involved in baseball. I'm not sure it will ever
0:55:58 > 0:56:05catch on around the rest of the world.Not the World Series, though,
0:56:05 > 0:56:09is it?It is the World Series if you recognise America is the whole
0:56:09 > 0:56:13world. You, living in Britain, seem to think other countries matter, but
0:56:13 > 0:56:19me living here, I can recognise the truth!Is it posh rounders?
0:56:19 > 0:56:22LAUGHTER I think you could find your visa
0:56:22 > 0:56:26revoked the next time you try to come to the United States if you are
0:56:26 > 0:56:27going to express the dishes views like that.
0:56:27 > 0:56:32LAUGHTER Coming up next